The Morris County chronicle. [volume] (Morristown, N.J.) 1877-1915, 1909-03-23
new TARIFF BILL ADDS
s5O,OOO,0OO TO REVENUE
inheritance Tax Expected to Turn
in S2O,OOO,OOO Yearly.
STEEL DUTIES CUT IN HALF
Average Maximum Duty of Twenty
Per Cent. in Excess of the Pres
emit Tariff Provided For in Payne
Measure introduced in Congress.

Per Cent. in Excess OF the Pres
emit Tariff Provided For in Payne
Measure Introduced in Congress.
Washington, D. C.-Revision down.
ward, with maximum and minimum
provisions which impose an average
maximum duty twenty per cent in
excess Of the present rates, and pro-
visions by which 1t is estimated that
the revenue will be increased $40,-
100000 and $4,000, 900, are the sa-
lient features of the new tariff bill
introduced in the House by Chairman
Payne, of the Ways and Means Com
mittee.
The recommendations of President
Taft-for an inheritance tax and that
a limited amount of tobacco and sug-
ar be admitted free from the Philip
pines-are included in the bill.
The measure also provides for the
issuance of Panama Canal bonds to.
the amount of $40,000;000 to reim-
burse the treasury for the original
purchase of the canal, and re-enacts
the provision for the issue of treas
ury certificates, the amount being in
creased from $100,000,000 to $780,
100000.
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 $3.50
q ton.
Scrap iron and steel from 81 to so cents.
Beams, girders, ETC., to $40 of cent a
pound and a general cut in steel and iron
and the metals schedule generally.
Lumber duties cut in half, with kindling
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 tax of s cents
a pound on tea and a tax on cocoa.
The internal revenue tax on cigarettes is
materially increased, while the tax on beer
and whisky is undisturbed.
Bituminous coal and coke free from every
country admitting American coal free.
The tariff on boots and shoes is reduced
40 per cent and on other leather manu-
features 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 re-
tddced.
Reductions in the Wooden Schedule.
Y The tariff on wool, of the first and sec
ond class, used principally in clothing, is
not disturbed, but on wool of the third
class, known as carpet wool, it is reduced
on the cheaper grades.
"a fve-cent reduction is made in the
duties on shoddy and waste, while wool
tops are assessed six cents pound more
than the duty on secured wool, which is
unchanged.
r The recommendations for placing wood
pulp on the free list and reducing the
duties on print paper, with certain re-
strictions, made by the Mann committee
L. Ii kol H..
The duty on refined sugar is five one
hundredths of a cent a pound and on
dextrine one-half cent a pound.
A reduction of one-half cent a pound
is made in the duty on starch, except po-
tato starch.
Zinc ore is assessed one 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 Photographic prints.
AS stated the bill is made on maxi
mum and minimum basis, with the pro-
vision that the maximum rates are not to
go into effect until sixty days after the
passage of the bill.
Reciprocity provisions are. contained In
the paragraphs assessing duties on BIZ
luminous coal and coke and agricultural
implements.
Inheritance Tax Provision.
The inheritance tax provision is similar
to the New York State law. 1t provides
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 $40 600 to $l0O, 600,
cent, and on those over 100000, per
cent. 1t is estimated that $20,O00000 an
nually will be derived from this tax
Abrogation of Trade Agreements.
The maximum and minimum provision
does away with the necessity of continuing
the foreign trade agreements,
The abrogation of these is provided for
N section which authorizes the President
to issue notices of the termination Of these
agreements within 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 be-
fore the importation of the other reciproc-
ity agreements would become effective,
ranges from three months to one year.
To Meet British Law.
A provision is designed to meet condi-
tons resulting from the patents laws Of
Great Britain, which requires that pat
cntees must manufacture their articles
within Great Britain
This provision applies the same rules to
patents taken out in this country 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 tariff imposes an
ad valorem duty is broadened for the pur-
pose of preventing the practice of under
valuatigN.
Throw Man Into Canal