Daily press. [volume] (Newport News, Va.) 1896-current, 1909-03-18
LONG AWAITED TARIFF
GILL IS PRESENTED
Downward Revision and Fifty 1IhIons
Increased Revenue Claimed
as lis Merits.
IRON AND STEEL DUTIES REDUCED
Inheritance Tax Provided-Coffee
Free-hides Free and Shoes Re-
duced-suaar sIiohtt, Redueed-Re-
c'proeal Free Trade With Philip
zines With Restrictions.


WASHINGTON. ID. c., March IL
The long-awa.ied tariff bill! was pre-
sented Ia me House OF Representa-
lives today by Representative Slreno
Payne, Of New York. chairman OF the
ways and means committee.
An increase of $4,000, 900 to 500
900, 900 in the annual revenue Of the
country, will ii is estimated. result
from the changes proposed, making
a total of about $300,u00.0v0.
The bill contemplates: downward
provisions. which impose an average
maximum duty Of 20 per cent. in ex
cess OF the prest tarif.
inheritance Tax included.
The re, lamentations made by
President Taft, that an inheritance
tax be provided and that a Limited
amount OF tobacco and sugar Oe ad'
mitted free from the Philippines, are
included in the bill.
The measure also provides ror the
issuance of Panama canal bonds TO
the amount of $4,000, 900. to REIN
turse the treasury for the original
purchase of the canal. and re-enact the
provision for the issue Of treasury Ger.
tificates the Amount icing Increased
from 500. 900, 600 to $3.50, 0O0. 900.
The bill was referred to committee.
Some Of the Changes.
Some Of the salient features of the
bill follow:
Al additional duty Of one cent per
yard is placed on mercerized cotton
fabrics, with a small additional duty
on lappets. and an increased duty on
stockings fashioned and shaped
wholly or in part on knitting ma
chimes.
Coffee Is on the free list; tea is
taxed 8 cents per pound and 9 cents
when brought in from other than the
producing country.
Iron ore is on the free list, a reduc.
ton from the present rate Of 40 cents
q ton. The duties on manufactures
Of iron and steel are materially re-
duced.
Tin plate and steel rails are re.
duced
Hides Free; Shoes Reduced.
Hides are In the free list and duties
OU IuduukdClu&Cu IC0tuCA GOA2SCNp <-AASa
shoes reduced 40 per cent.
Lumber and timber duties are cut
in half.
An inheritance tax 10 provided, es-
timated to bring in $20, 900. coo.
There is to be reciprocal free trade
with the Philippines. with q hmtta'
ton on the amount OF sugar and to.
bacco annually to be imported.
Reciprocity with Cuba continues.
Tax On Cigarettes Increased.
The Internal revenue tax on cigar.
cites Is increased from s. to $3.50
and from 81 to $50 per thousand.
Beer and whisky are not touched.
Nails, wire, hardware. tools, etc.
are reduced. Sugar is reduced five
one-hundredtns Of cent per pound.
The cheaper grades OF wool are re-
duced
Tallow. cotton 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 30 per cent. and on other
leather manufactures in proportion
Glass Duties increased.
The pottery schedule remains about
the same. but the duties on window
an, plate glass OF the small sizes are
increased while the duties on the
larger size are reduced.
The tariff on wool Of the first and
seeond class used principally in
clothing, L. not disturbed. bat on wool
of the thira class. known a. carpet
wool. Il Is reduced on the cheaper
grades.
The recommendations for placing
wood pulp on the free list and re-
ducins the duties Oh print paper. with
certain restrictions. made by the
Mann committee of the House. are in
corporated in the bill.
The duty OF refined sugar Is re
duced Ave one-hundredths OF Q cent
a pound. and on dextrin. one-haf cent
a pound.
Re0vetiou on Starch.
4 reduction Of one cent a pound IS
also made IN the duty on starch. with
tie exceptions Of potato starch.
Zinc in ore IN assessed one cent
nor mound for the zinc contained.
The tariff on pig iron Is reduced
from - TO $3.50 per ton
The principal increases are madc
in the duties on lemons. cocoa snd
substitutes for coffee. coal tar dyes,
scoa,ipued on Seventh Pase.l