The Norfolk weekly news-journal., 1909-03-19
TARIFF REVISION
BEGINS TODAY
Ways and Means Committee al
Work on Payne Bill.
MAIN POINTS IN MEASURE
House Committee Reports Bill Back
Without Amendments - Democrats
Given Until Tuesday to Prepare
Minority Report.

Minority Report.
Washington, March 1S.-The house
committee on ways and means today
agreed to report the Payne tariff bill
back without amendments. The
Democrats were given until Tuesday
to prepare minority report.
Immediately after the house con.
vened today Payne, of New York
chairman of the ways and means com
mittee, reported back the bill.
Washington, March lS.-The full
membership of tn house committee
on ways and means, including Demo.
Gratis as well as Republicans, met at
III O'Clock this morning and began
the formal consideration of the Payne
tariff bill. The senate committee on
finance at the same time began in.
formal consideration of the measure.
downward revision, maximum and
minimum provisions which impose an
average maximum duty of 20 per cent
In excess of the present tariff. and nu.
merous provisions by which it is esti.
mated that the revenue to the govern.
ment Will be increased from 100000
600 to $5O,000,000 are the salient feat.
ures of the new tariff bill which was
introduced in the house by Representa-.
tive Payne, chairman of the ways and
means committee. The recommended.
lions made by President Taft that an
inheritance IA laJ
limited amount of tobacco and sugar
be admitted free from the Philippines
are included in the bill. The measure
also provides for the issuance of Pan
anna canal bonds to the amount of $40.
100000 to reimburse the treasury for
the original purchase of the canal and
re-enacts the provision for the issue
of treasury certificates, the amount be.
ing increased from $10O,OOO,O0O to
$250,000,000.
While there is no duty imposed upon
coffee, tea Is taxed 8 cents when i'm.
ported from the country where it is
produced and cents when from other
than the producing country. The in.
ternal revenue tax on cigarettes is ma.
terially increased, while the tax on
beer and whisky is undisturbed A
cut Of 50 per cent is made in the steel
and lumber schedules, and iron ore,
hides, tallow, cottonseed oil and works
Of art more than twenty years old are
placed on the free list.
Boots and Shoes Reduced.
The tariff on 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 in.
creased, while the duties on the larger
sizes are reduced. The tariff on wool
of the first and second class, used prin.
cipally in clothing, is not disturbed,
but on wool of the third class, known
as carpet wool, is reduced on the
cheaper grades. cent reduction is
made in the duties on shoddy and |
waste, while wool tops are assessed
cents more than the duty on secured |
wool, which is unchanged The rec.
concentrations for placing wood pulp |
on the free list and reducing the duties |
on print paper with certain restric.
lions, made by the Mann commission
OF the house, are incorporated In the
bill. The duty on refined sugar is re.
duced four one-hundredths of / cent
pound and on dextrin p cent a pound
A reduction of u cent a pound Is also
made in the duty on starch, with the
M 70 or in
Is assessed l 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 substi.
tutes for coffee, coal tar dyes, gloves
and coated papers and photographic
prints.
AS was expected, the new tariff bill
Is made on maximum and minimum
basis, with the provision that the max.
mum rates are not to go into effect
until sixty days after the passage of
the bill. The reciprocity provisions
are contained in the paragraphs as.
Sessing duties on bituminous coal and
coke and agricultural implements. by
which these articles are given entry
rec OF duty when imported from coun.
.ries which permit the free importa.
ion of these articles from America.
Tax on lnheritances.
The inheritance tax provision of the
Dill is similar to the New York state
aw. 1t provides a tax OF 5 per cent
IN all inheritances over $500 that are
collateral inheritances, or in which
strangers are the legatees, In cases
If direct inheritance the taxes pre-.
cribed are: On $4,000 to 500 900,
per cent; on 100000 to $500 600, 2
'er cent, and on those over 100000
ger cent. II is estimated that $50 1000.
per cent 1t is estimated that 20 ,OOO,-
100 annually will be derived from this
ak. The maximum and minimum pro
'isions of the bill does away with the
necessity of continuing the foreign
rade agreements. The abrOgation of
hese is provided for in a section
which authorizes the president to is
ne notices of the termination of these
agreements within ten DAYS after the
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