Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1909-03-25
NEW TARIFF BILL IN;
SCHEDULES ARE GUT
Revision Downward Is Main Fea-
ture of Measure Given to
Congress.
FOR A TAX ON INHERITANCES
This Item Expected to Raise $780,
OOO,OOO and Total Revenues Are
Estimated at $500, ooo, 600.

Downward revision. maximum and
| minimum provisions which impose an
| average maximum duty 20 per cent in
excess of the present tariff. and pro-
visions bye which it is estimated that
| the revenue to the government will be
| increased from S40000.000 TO $4,000.
| 600 are the salient features of the new
| tariff bill introduced in the House by
Representative Serene Z. Payne, chair
| man of the ways and means commit
tee.
The recommendations by President
Taft that an Inheritance tax be enact
ed and that a 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 S40.O00000 to reimburse the treas
ury for the original purchase of the
| canal. and contains provision for the
| issuance of treasury certificates. the
amount being increased from $780,
100000 to $250.00O000.
No Tax on Coffee.
Although there is no suggestion of
| duty on coffee, tea is taxed s cents
when imported from the country
| where it is produced and 9 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 80 per cent is
made in the steel and lumber Sched-
| uleS. Iron ore hides. 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 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.
5-cent cut is made on shoddy and
waste. while wool tops are assessed 6
cents a pound more than secured Wool,
which is not changed. Recommends
tons 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
% of d cent a pound and that on deX-
trim half a cent d pound. A reduction
of half a cent Il pound is made also
in the duty on starch, with the excep-
ton of potato starch. Zinc in ore is as
sessed / cent a pound for the zinc con-
tanned. The tariff on pig iron is re-
duced from 81 to $3.50 ton. The
principal increases are made in the
duties on lemons, cocoa and subsu-
tutes for coffee. coal tar dyes, gloves,
coated papers and photographic prints.
The Inheritance tax paragraph
places tax of , per cent on all in
heritances over $500 that are collater-
al inheritanceS or in which strangers
are the legateeS. In cases of direct
| inheritance the taxes prescribed are:
| On $4,000 to 100000, l per cent; on
| 100000 to 100000. > per cent, and
on more than 100000, per cent. 1t
1II-
| will be derived from this tax.
Philippine Expectations.
The bill provides for reciprocal free
| trade with the Philippine Islands on
| all articles, but limiting the sugar to
| be imported free Of duty to 100000
| tons: wrapper tobacco TO 300,OOO
| pounds and 100000 pounds of filler
| tobacco and 100000 cigars in any
| one fiscal year. The excess of sugar.
| tobacco and cigars are to pay full tar
| if rates This exemption from duty
| is confined to the growth or products
| of the islands, however, and does not
| admit articles imported into the Phil
| ippine Islands from a foreign country
| without payment of full rates of duty
| on such importations.
The are reciprocity provisions in the
paragraphs assessing duties on btu
minous coal 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 ma ximum and minimum prov1-
| sion avoids the necessity of continue
| ing foreign trade agreements. The
Payne bill applies the same rule TO
patents taken out in this country by
aliens that applies to Americans i'll
| the country of the aliens. Drawback
| privileges are extended and the meth
| cd of valuation of articles upon which
| the tariff imposes an ad valorem duty
| is broadened to prevent undervaIua-
| ton.
NOTES OF CURRENT EVENTS.
The farm near Princeton on which Gro