Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1909-03-26

pr, ,i-ai effect OF all this will be. AS
the oilI repeaIs present reciprocity pro.
visions, a tariff war with nearly all the
nations of continental Europe will prob
ably ensue, and during that war the
maximum tariff, which on many sched-
ules is actually higher than the Dinsley
act, will be in effect.
4 second modification Of the appar-
ent reductions in the Payne bill will
arise from the provision that in certain
cas- the basis of value on articles
tax d by the ad valorem method shall
be The Wholesale price of that article
in the United States. Now, in nearly
all cases the American price is much
hig1e than the foreign price, which is
the basis Of value now employed. The
effect Of this rise in valuation will be
to nullify cuts in schedules. just as
higher assessment on real or personal
property may be made to nullify re.
duction in rates of taxation. All tax
payers are familiar with this principle.
The main reason for tho revision Of
Ine tGFlIT al tHtS tiIVCt dStAV IISfi AiiS
pressure Of public opinion, is that the
present law does not produce sufficient
revenue. Under the new act 1t is estI-
mated there will be an increase Of near
ly $5o0o0,0o0 annually in receipts. Part
of this will come from the proposed tax
on inheritances, but most Of it from
the customs. If the hopes Of the meas
ure as a revenue producer are disap-
! pointed, there is provision for the
issuance Of treasury certificates to re-
Iiels the strain. 1t is also provided to
creste $4O,o0o,o00 worth Of Panama
| boras to cover the purchase price Of
| the canal
One Of the most important sections
of The act to the manufacturing states
is rhat which provides a drawback OF
taxes paid on raw materials, which raw
materials enter into the manufacture
/ of articles for export. This will assist
our home manufacturers to compete in
| foreign markets.
In detail the changes in schedules
are roughly as follows: There are slight
increases in certain SO called luxur'es,
inc adins perfumery, toilet articles,
fancy soaps, ehicory and substitutes
for Coffee cocoa and cocoa butter,
spioes, feathers, furs, and the like. In
ere eases are also made on coal tar dyes,
zinc, peas figs, lemons, pineapples,
me-cerized cotton, surface coated pa
pers, Autographs and envelopes. Wood
puIo is made free when imported from
countries that have no export duty.
Chsa grades Of print paper are ma
teriaIly reduced. A large number OF
druos and chemicals are cut, while
corperas, Iicorice, cottonseed oil ana
some other articles in kind are placed
on he free list.
T,ere is material reduction in
building materials Of almost all var'e-
ties. including lumber. Perhaps the
mot sweeping cut is on iron. steel and
other metal products, which amounts
!, most cases to SO per cent. This is
one reduction that cannot be greatly
affe cted by the reciprocity clause.
SUGAR is reduced four one-hundredths
Of cent per pound. Agricultural and
, food products are cut, some OF them
materially. Wool is left practically un'
affected, except carpet wool and TOP
waste, which are slightly reduced.
, soft or bituminous coal is adm'tteo
free from all countries admitting
American coal free.~Hides are placed