The free lance. (Fredericksburg, Va.) 1885-1926, 1909-03-20
REAL REVISION BY
new TARIFF BILL
Many Of the Old Rates Are
Sharply Cut.
TEA IS TAXED; COFFEE FREE

dueed 20 Per Cent-iron Ore, Hides,
Tallow and Works o. Art More Than
Twenty Years old on Free List.
Graded Tax on Inheritances.
Washington. March 1S.-The long
expected tariff bill was presented to
the house Of representatives by Chair
man Payne. OF the committee on ways
end means. and was referred. Until IL
Is reported out OF committee. which
Mr. Payne said he hoped would be at
an early day. the measure will not be
come Official According to state
ment made by him upon the floor. he
did not anticipate any committee
changes The Republicans manifested
their pleasure at the introduction Of
the bill by vigorously applauding.
The full committee on WAYS and
meals met this morning for the for
NAL consideration OF the bill.
Revision downward. with maximum
and minimum provisions which i'm
pose an average maximum duty 20
per cent in excess Of the present rates.
and provisions by which Il is estimat-
- that the revenue viii be increased
s40.Oo0.000 and $4,000 600. are the
salient features OF the new tariff bill.
The total estimated revenue from the
bill is 5000. 900 900.
The recommendations Of President
Taft-for an inheritance tax and that
limited amount OF tobacco and sugar
be admitted free from the Philippines
are included in the bill.
The measure also provides for the
issuance of Panama canal bonds to
the amount OF SAC. 900. 900 to reimburse
the treasury for the original purchase
OF the canal. and re-enacts the provis-
ion for the issue OF treasury certif-
Gates. the amount being increased from
s100.ooo.eoo to $25o.00o. 900.
The Most Important Changes.
Some Of the most important changes
made by the bill are:
Iron ore and basic Stag to the free
list Pig iron and spiegeleisen from 81
to 81 so 4 ton.
Scrap iron and steel from 81 to 50
cents Beams. orders. etc. TO $40
OF cent a pound. and a general cut
in steel and iron and the metals sched-
ule generally.
Lumber duties cut in half. with kind
ling wood and fence posts on the free
list.
Hides. tallow. cottonseed oil and
works OF art twenty years old. on the
free list
No duty on coffee. but a tax Of s
cents a pound on tea and a tax on
cocoa
The internal revenue tax on cigar
cites is materially increased, while the
tax on beer and whisky is undis-
turbed.
Bituminous coal and coke free from
every country admitting American
coal free.
The tariff on boots and shoes is re-
cuced 40 per cent and on other leather
manufactures in proportion
The pottery schedule remains about
the same. but the duties on window
and plate glass OF the smaller sizes
are increased. while the duties on the
larger sizes are reduced.
Reductions In the Woollen Schedule.
The tariff on wool OF the first and
second class. used principally in cloth
ing. is not disturbed. but on wool of
the third class. known as carpet wool.
II is reduced on the cheaper grades.
A cent reduction is made in the
duties on shOddy and waste. while
wool tops are assessed 6 cents a pound
more than the duty on secured wool.
which is unchanged.
The recommendations for placing
wood pulp on the free list and reduc-
ing the duties on print paper. with
certain restrictions. made by the Mann
committee OF the house. are incorpor-
ated in the bill.
The duty on refined sugar is I'VE
one-hundredth OF a cent a pound and
on dextrine one-hah cent a pound
A reduction OF one-half a cent a
pound is made in the duty on starch,
except potato starch.
Zinc ore is assessed l cent per pound
for the zinc contained
The Principal increases.
The principal increases are made
In the duties on lemons, cocoa and
substitutes for coffee. coal tar, dyes,
gloves and coated papers and Htho-
graphic prints.
As stated. the bill is made on a
maximum and minimum basis. with
| the provision that the maximum rates
are not To 20 into effect until sixty
days after the passage of the bill.
Reciprocity provisions are contained
in the paragraphs assessing duties on
bituminoGs coal and coke and agri
| cultural implements.
inheritance Tax Provision.
The Inheritance tax provision Is
similar to the New York state law. II
provides a tax of per cent on all In
seritances over $500 that are collat
eral inheritances. or in which stran
| gers are the iegatees.
!, cases Of direct inheritance tbs
taxes prescribed are: On $4,000 Il
800 600. ] per cent: on 100000 Il
5000 900. 2 per cent. and on those ovel
$4,000 3 per cent II is estimated