The Montgomery advertiser., 1909-03-18
NEW TARIFF BILL
tCe.t,n..d frs. Pass oss.)

which strangers are the litags. In cases of direct inheritances the pre- scribed are: On 3fo.ooo to >&1oo, 900 one per cent; on S100,00o to tbo0,0o0. two per cent. and on those over etOo,. 900. three per cent. It Is estimated that sso.ooo.ooo an- nually will be derived from this tax. The maximum and minimum provis- ions of the bill do away with the ne- cessity of continuing the foreign trade agreements. The abrogation of those provided in a section which authorizes the President to issue notices of the termination of these agreements with in ten days after the bill goes Into effect. The French agreement would therefore terminate immediately. while the German agreement would remain in force for six months.
 The time that must intervene before the inoperation of the other reciproc- ity agreements would become effective ranges from three months to one year.
 The provision In the bi1l Is designed to meet the conditions resulting from the patent laws of Great Britain which require that patentees must manufac- ture their articles within Great Brit ain. This provision applies the same rules to patents taken out in the coun- try by aliens as applies to Americans in the. country of the aliens.
 Drawback privileges are extended by the bill and the method of valuation on articles upon which the tarin im- poses an advaiorem duty Is broadened for the purpose of preventing the prac- tice of under valuation.
 Statement of Changes.
 Representative Serene Payne. Chair man of the Ways and Means Commit tee. in introducing the tarin bill, gave out the following statement:
 "One problem that confronted the committee was the question of reve- nue. The business of all commercial nations has been depressed for nearly two years and this has affected our commerce and greatly reduced our rev deficit. but the revenues under the present law are improving from month to month. as business conditions are becoming better.
 "The last normal year of imports was the fiscal year ending June 30. 1906; 1907 was an unusually prosperous year. and the revenues from customs . exceeded those of 1906 by ss2.00o.ooo. The committee have therefore taken the year 1906 as the basis to form their estimate of the revenue producing qualities of the, new bill. Should the next fiscal year prove prosperous and the normal conditions of 1906 return on account or the large Increano III popu- lation, the revenues for 1910 would show a considerable increase over the estimates of the committee.
 with a return of anything like nor nal conditions during the next fiscal year 1t is safe to predict that the de- hcit would be entirely wiped out. but in case 1t ia not. the bill provides for the issue of Panama Canal bonds tc reimburse, the Treasury for the S40.- 100000 paid out in the original pur- chase of the canal. This would more than make up any probable deficiency. There Is also re-enacted the provision for the issue of certificates to run ons < year to replenish the Treasury. rais. ing the amount from si00,000.000 tc $250.000. 900, an amount sufficient te provide at any time against two ol three years of depressed business con ditions.
 "The statement gives the rates ir the present law. the Dingley tariff. and shows the changes that the Payne bii proposes. The abstract of the bill con tinues:
 Some Articles Transferred.
 "The committee have transferred