The Charles Mix new era. (Wagner, Charles Mix County, S.D.) 1???-1911, 1909-03-26
Revision Downward Is Main Eea.
ture Of Measure Given to
Congress.
FOR A TAX ON INHERITANcEs
This Item Expected to Raise S2O..
100000 and Total Revenues Are
Estimated at $500, 600, 900.

paw AN AIloE III
average maximum duty 20 per cent in
excess of the present tariff. and pro-
visions by which 1t is estimated that
the revenue To the government will be
increased from S40,0O0,0 900 to $4,000
GOO are the salient features of the new
tariff bill introduced in the House by
Representative Serene T.. Payne, chair
man Of the ways and means commit-
tee.
The recommendations by President
Taft that an inheritance tax he enact
ed and that n limited amount of to-
bacco and sugar be admitted free from
the Philippines are followed In the
bill. 1t provides also for the issuance
of Panama Canal bonds to the amount
Of $i0,OCo,0OU to reimburse the treas
ury for the original purchase of the
canal, and contains a provision for the 4.
issuance Of treasury certificates. the
amount being increased from 500.
100000 to $250,0O0.0O
No Tax on Coffee.
Although there Is no suggestion oil
a duty on coffee, tea is taxed s cents
when imported from the country
where it is produced and 8 cents when
from any other than the producing
country. The internal revenue tax on
cigarettes is increased materially,
while the tax on beer and whisky is
not changed. A cut of so per cent is
made in the steel and lumber sched-
,,1nC JpNn nr, ht1n. .t.llN-v a,+4nr
seed oil and works of art more than
twenty years old are placed on the
free list.
The tariff on boots and shoes is re-
duced 40 per cent, and that on other
leather manufacturers in proportion
The pottery schedule remains about
the same, but the duties on window
and plate glass of the smaller sizes
are increased, while those on the larg-
er sizes are reduced.
The tariff on wool of the first and
second classes, used principally in
clothing, is not disturbed, but that on
the third class. known as carpet wool,
Is reduced for the cheaper grades. A
5-cent cut is made on shoddy and
waste, while wool tops are assessed 9
cents a pound more than secured wool,
which is not changed. Recommends
tions for placing wool pulp on the free
list and reducing the duties on print
paper, with certain restrictions, made
by the Mann committee of the House
are incorporated.
Duty ON Refined Sugar Cut.
The duty on refined sugar is reduced
.05 Of a cent a pound and that On dex-
trim half a cent a pound. A reduction
Of half a cent a pound is made also
in the duty On starch, with the excep-
ton OF potato starch. Zinc In ore Is as
sessed l emf a pound for the zinc con-
tanned. The tariff on pig iron is re-
duced from 81 to $3.50 a ton. The
principal increases are made in the
duties on lemons, cocoa and substi-
tutes for coffee, coal tar dyes, gloves,
coated papers and photographic prints.
The inheritance tax paragraph
places a tax OF 5 per cent On all in
h%eritances over $500 that are collater.
al inheritances or In which strangers
uIe llc tsltCIS LII 1dStS III ulIcCN
inheritance the taxes prescribed are:
On $4,000 10 100000, ! per cent; on
100000 to 100000, = per cent, and
on more than 100000. 8 per cent. II
is estimated that 5000 o 900 annually
will be derived from his tax.
Philippine Importations.
The bill provides for reciprocal freq
trade with the Philippine Islands on
all articles, but limiting the sugar to
be imported free OF duty to 100000
tons; wrapper tobacco to 100000
pounds and 100000 pounds of filler
tobacco and l50,oOO,oOO cigars in any
one fiscal year. Thu excess of sugar..
tobacco and cigars are to pay full tar
if rates. This exemption from duty
In confined to the growth or products
Of the islands, however, and does not
admit articles imported into the Phil
ippine Islands from n foreign country
without payment OF full rates OF duty
on such importations.
The are reciprocity provisions In the
paragraphs assessing duties on btu
mino,Is zeal and coke and agricultural
implements. by which these articles are
given entry free Of duty when import
ed from countries which permit the
free importation OF these articles from
America.
The maximum and minimum provi-
sion avoids the necessity of continu-
ing foreign trade agreements. The
Payne bill applies the same rule to
patents taken out In this country by
aliens that applies to Americans in
the country Of the aliens. Drawback
privileges are extended and the meth
od Of valuation Of articles upon when
the tariff imposes an ad yalorem duty
is broader I'd to prevent undersalua'
ton.