Watertown leader. [volume] (Watertown, Jefferson County, Wis.) 1909-1911, 1909-03-19

WASHINGTON, ID. c., March IL
Downward revision, maximum and mini
mum provisions which impose an av-
erage maximum duty 20 per cent. in eX-
cess of the present tariff, and numerous
provisions by which it is estimated that
the revenue to the government will be
increased from $4O,0000OO to $50,000.-
900 are the salient features of the new
tariff bill which was introduced in the
House today by Representative Serene
+. Payne, chairman of the ways and
means committee.
The recommendations made by Presi-
dent Taft that an Inheritance tax be pro-
yided and that limited amount of to-
baccO and sugar be admitted free from
the Philippines are included in the bill.
The measure also provides for the isSu-
ance of Panama canal bonds to the
amount Of S40,O00,00O to reimburse the
treasury for the original purchase of the
canal. and re-enaCtS the provision for
the issue of treasury certificates, the
amount being increased from 800, 00O,-
900 to $3.50, 100000.
No Duty on Coffee.
While there is no duty imposed upon
coffee, tea is taxed S cents when import
ed from the country where it is produced
W
producing country. The internal revenue
tax on cigarettes is materially increased
while the tax on beer and whisky is I'M
disturbed. A cut of 3 per cent. is made
in the steel and lumber schedules and
iron ore. Hides, tallow, cottCnseed oil
and works of art more than 20 years old
are placed on the free list.
The tariff OH boots and shoes is re-
duced 40 per cent. and on other leather
manufactures in proportion. The pot
terry 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 re-
duced. The tariff on wool of the first
and second class. used principally in
clothing, is not disturbed but on wool
of the third class. known as carpet wool,
1t is reduced on the cheaper grades. A
5-cent reduction is made in the duties
on shOddy and waste, while wool tops
are assessed cents pound more than
the duty on secured WOOL which is I'M
changed. The recommendations for plac-
ing wood pulp on the free list and reduc-
ing the duties on print paper. with GER
tain restrictions. made by the Mann com
mittee of the House, are Incorporated in
the bill
Refined Sugar Reduced
The duty on refined sugar is reduced
300 Of a cent Il pound and on deXtrin
a half cent a pound. A reduction of a
half cent pound is also made in the
duty on starch. with the exception of DO
tato starch. Zine in ore Is assessed one
cent per pound for the zinc contained
The tariff on pig iron is reduced from 81
to $3.50 per ton.
The principal increases are made in the
duties on lemons, cocoa and substitutes
for coffee. coal-tar, dyes, gloves and
coated papers and photographic prints.
AS was expected, the new tariff bill is
made on 4 maximum and minimum
basis, with the provision that the maxi
mum rates are not to go into effect until
sixty days after the passage of the bill
Reciprocity provisions are contained in
the para graphs assessing duties on BIZ
luminous coal and coke and agricultural
implements. by which these articles are
given entry free of duty when imported
from countries which permit the free i'm
portation of these articles from America
Favors Inheritance Tax.
The inheritance tax provision of the
bill is similar to the New York state
law. It provides a tax of per cent
on all inheritances over $500 that are
collateral inheritances or in which
strangers are the legatees. In cases OF
direct inheritance the taxes prescribed
are: On $4,000 to 100000, pei
cent: on 100000 to S50O0O0 2 per
cent; and on those over 100000, 3 per
cent. 1t is estimated that $20,OOO,OOC
annually will be derived from this tax
The maximum and minimum provi-
sions of the bill does away with the ne
cessity of continuing the foreign trade
agreements. The abrogation of these is
provided for in a section which author
ICES the President to issue notices OF
the termination of these agreements
within ten days after the bill goes into
effect
The French agreement would there
fore terminate Immediately while the
German agreement would remain in
force for six months. The time that must
intervene before the importation of the
other reciprocity agreement would be
come effective range from three months
TO one year.
Will Protect Patents
4 provision in the bill is designed tc