Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1909-03-18

The legal deduction Of ono per cent. on
the drawback Is provided but the ex-
portation upon which the manufacturer
proposes TO collect the drawback must he
made within three years after the i'm
portntion " the foreign material used
or checked against Tho secretary OF the
treasury is authorized to prescribe the
regulations under which the drawback
is pnid. Tho privileges Of the drawback
section ara applied to materials used in
the construction and equipment or for
foreign trade
Petroleum is retained on the free list
and the countcrvailing duty provision Is
retained.
INHERITANCE TAX.
Tho inheritance tax provision exempts
from taxation any property bequcsted IN
any religious, educational, charitable.
benevolent. hospital or in.
Urinary corporation. Personal property
ether than money or securities bea,,eath.
ell To corporation or association organ
i2ed exclusively for tho moral or mental
Improvement Of men or women or for
scientific, patriotic or similar purpose,
is made exempt from tho tax A discount
tax is paid within six months from 1t 10
cue. Interest will be charged and col
ltcted at ths rate % 10 per cent. a year
II the tax IL not paid within IL months
from N" time Il accrued. II an estate is
tied up IN necessary litigation six per
cent interest will be charged A special
ascnt 70 conduct Investigations to as-
cure the efficient enforcement Of the ~
heritance tax &c provided FOR al salary
OF 5000 q year.
In order TO prevent the confusion
which attended The Enforcement o. the
OinEley bin on the day which 1t became
n law the Payne bill. is not TO ta1e er-
feet until tho day after IL is snsctsd. Oc
two provisions in the bill that ere new
Is on" cIernpting .,onn the payment o.
duty on merchandise recovered from q
vessel which has been raised after hav-
ing been sunk FOR two years IN any
waters Within the Jurisdiction of ths
United States and las been abandoned
by tho owners. and another which ex-
tends 20 the vessels Of war Of any ma
tion. in ports Of the Unitad States, the
privilege Of purchasing supplies from
public warehouses free Of duty whom
such countries reciprocate such priv1-
~ N01SSH.
STATEMENT OF CHAIRMAN PAYNE.
Representative Serene Payne, ctsiY-
man Of the ways and means COMMITTEES,
IN introducing the tariff bin gave out
the following statement:
"One problem that confronted the
committee was the question Of revenue.
Tho business Of al commercial nations
has been depressed for nearly two years.
and thus has affected our commerce and
greatly reduced our revenue. 30 that We
have large deficit but the revenues
under the present law arc improving
from month to month, as business condi-
tons are becoming better.
The last normal year Of imports was
the fiscal year ending June 90. 1905; 1907
was an unusually prosperous ycar. and
tho revenues from customs exceeded
those ot lpts by E:,0Nop. The COMMITTEES
have therefore taken the year 1906 for
comparison TO form their estimate OF tho
revenue producing qualities OF the new
bill. Should the next fiscal year prove
prosperous and the normal conditions Of
1906 return. on account OF the large in
crease IN population. the revenue fer
1910 would show a considerable increase
over tho estimates Of the committee.
WILL wTPH OUT THE DEFICIT.
With a return to anything like normal
conditions during the next fiscal year Il
is safe to predict that the detcit would he
entirely wiped out: but in case II 10 not.
the bill provides for the issue Of Panama
canal bonds to reimburse the treasury
for the N1000. 90 paid out In the original
purchase OF the canal. This would more
than make UP any probable deficiency.
There Is also reenactsd the provision for
the issue Of certificates TO run one year
TO repienish the treasury. raising the
amount from 900. .00hOo to 126AO0otD Al
amount sufficient TO provide at any time
against two or three years Of ospressed
business conditions"
The statement gives the sates IN the
present law the Dingley tariff. and shows
tho changes that tho Payne bfli proposes.
1hc sbstract Of the bill Continues:
INCroFAsDD DUTIES ON LIxCM1Es.
The committee have transfsrYsd SONS
articles from the free list to the duthble,
and have increased dur1es Oh o4hsYs for
tho sole purpose Of inc,eastn4 the
revenue. Most at these esticies on which
duties have hsen increassd sr~ iuxur1ss
which have been Increased a. follows:
''Terfumeriss and toilet articles from
10 10 % per centurn a vAorem. 5Nncy
soap from Is to - Csnts Der pound.
Ceiicory root, raw not dYted, rom one
cent to two and one-haif cents per peund;
roasted from two and one half cents -
Ave cents per pound
Cocoa, crude Transferred from the
f:ee list TO the dutiabie. At fpur cents
pcr pound; prepared or manufactured,
Increased two cents on each classif-
cation except that valued above 80
cents per pound which remains the
nanIe- Ten per centum ad valoreni IL
also added to the duties aSsersed on
that valued between Is and IS cents
per pound. Powdered cocoa from five
ccnts 10 nine cents psr pound
Cocoa butter. t;om -. cents to 5ia
eonts per pound. DArdelion root emf
2li cents TO cents per pound.
spices which arc now largely IN
th@ free list. are assessed an avsraHe
duty Of thirty per centum ad valorenl.
Feathers are increased from Is per
centum to 20 per centum al valorcm
and dressed or colored feathers re-
ceivo an increase OF ten per centum.
Furs, dressed on the skin. are assess
ed 27iH per centum ad valorem
GIVEN MORE PROTECTION.
Duties on the following articles
have been increased because the cnm-
fcient protection under the present
-.