Los Angeles herald., 1909-07-31

tied to 300 600 tons a year. On wrap
per and filler tobacco when mixed, the
annual limitation is 100000 pounds, on
filed tobacco 100000 pounds, and on
cigars 1500O0,000
A provision is included in the bill
which leves on all articles upon which
any foreign country pays n bounty or
grant upon it's eXportation. an addi-
tional duty equal to the amount of
such bounty.
Customs Laws Improved
It is required that all imported ar
ticles capable of being marked without
impairment of their value, shall be
stamped with the name of the manu-
facturer and the country of origin
A very elaborate provision for the
administration of customs laws was
adopted. 1t is intended to prevent un-
LIBERALIZATION of articles on which there
is no foreign market by which true
values may be ascertained.
Provision Is made for a customs
court of appeals, with headquarters in
Washington. It will comprise a presid-
ing judge and four associate judges at
salaries of $4,000 year
| The internal revenue tax on tobacco
Is amended, making the rates on chew
! ing and smoking tobacco cents
| pound. No change was made In the
| tax on cigars, except those weighing
under three pounds per 1000, on which
the tax was increased from 81 to rs
cents per 1000.
The rates on cigarettes were in
creased to $1.25 per 1000
A prohibition against the use of
coupons or special gift pledges is in
corporated in the new law
The provision grantings farmers the
! free sale of leaf tobacco places a re-
! striction on the retail dealer which re-
quires him to record every sale amount
ing to two pounds or more to one per-
! son in one day.
A number of other ironclad require
ments are included in redraft of this
section adopted by the conference COM
mittee, by which it was intended to pre-
vent any fraud upon the internal rev.
enues and at the same time give as
much of local market as possible to
the tobacco grower.
Corporations Will Pay
Foreign-built yachts are subjected to
an excise tax of 81 per gross ton, which
is to be collected annually on the first
day of September.
! In lieu of the excise tax the owner
of a foreign-built yacht or pleasure
boat may pay duty of 35 per cent
ad valorem on his yacht. This will
entitle him to American registration.
| This provision was adopted because
/
the ability of the government to col
lect import duties.
| Every corporation, joint stock com
| pany or association organized for
profit, and every insurance company, is
required to pay annually an excise tax
of 1 per cent upon its entire net in
come over and above $4,000. This feature
was put into the bill to raise additional
revenues to apply on the treasury
deficit. 1t provides a form of publicity
which will enable the government to
! exercise supervision over corporations.
1t is estimated that from 500 10000 900 to
$50 100000 year will be collected un-
der this new taxation.
The secretary of the treasury is
authorized to issue Panama canal bonds
to the amount of 1920, $4,000, which
sum. together with that already ex-
pended equals the estimated cost of
| the Panama canal.
! 1t is not intended the bonds shall be
used. except as needed to provide
money to carry on the work of canal
construction. The bonds are to be pay
able fifty years from the date of issue
and will bear interest not exceeding 3
per cent When the bonds are sold
| the secretary will restore to the work
ing balance the $50, 100000 paid original
| ly for the canal property and canal
zone.
! Substitutes DingIey Drawback
The re-enacting of the provision au-
| thorizng the issuance of treasury GER
| tificates for money borrowed to meet
public expenditures increases the
amount of the authorization from $780,
coo, 900 to $200000,000.
A large number of other provisions
that are in force are included in the
| conference bill with a few changes in
phraseology in several cases.
| a1r ps. nf 4I,n
| ley law is incorporated in the con-
ference bill in lieu of the drawback of
| the house bill, which intended to per-
NIT the substitution OF domestic ma
| terial in the manufactured article for
export to the same quantity of the I'M
| ported material, upon which draw
! back was obtainable, was used in the
manufacture of similar articles for
| domestic consumption.
An additional provision was adopted
entailing users of domestic alcohol in
the manufacture of perfumery and
cosmetics to secure a drawback of in
ternal revenue tax to the amount of
alcohol used in an exported article.
! Representative Payne made state
ment comprising an. analysis of the
| bill, showing both the increase and the
decrease but this was preceded by
general summary in which he under
took to show the extent of revenue in
|
schedules. According to this showing,
! the total increases were on consump-
tion value of importations of $685. ,512,-
! 525, and the total decrease on consump-
ton values amounting to S4,9S7,1221 124
Payne Explains Motives
In this preliminary statement Mr..
Payne said he had made an investiga-
ton based on the census returns of
| 1905, showing the amount of domestic
consumption of articles upon which
duties have been raised and also the
articles upon which duties have been
I lowered by the bill as finally reported.
This had been done because compari-
sons have been made based upon the
amount of importations, he said.
Duties" he said, "have been lowered
where they We're too high under the
present law, sometimes prohibitive in
character and for that reason the i'm
| On the other hand, they have been
raised in some instances where the
tariff was insufficient for protection,
and the importations were very great"
He then gave the following table
which shows the consumption value of
articles on which rates of duty have
been increased and decreased in all
| cases where the amount of production
could be ascertained.
| Articles. Decreased. Increased
| Chemicals ....... $433,O99,S46 $11,105,S20
Earthenware -. 12S,423,T32 ,..,....."
Metals ...,...... 1,24S, 200,169 11,452, 255
Lumber ..,..... 566.S7O,950 S1,9S0,372
Asrcul. products ass. s.4SO,687 1850. O43
Wines, liquors ......... 469, ,0O1. 1856
| Flax. hemp, juts 22,121145 SO4, 445