The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1909-03-17
Chairman Payne Of New York, Pre-
sents New Tariff Bill After
Five Months Work by o.
Committee. xsa
is OF 100000 WORDS
Under This Bill the Revenue Will Rep
resent Increase Of Ten Mil.
lion Dollars Over That
Of DinsIey Bill.

WASHINGTON, March 17.-Con-
grass received the new tariff bill to-
day from Representative Payne, OF
York, whose name it bears. Payne
presented it as q produce of five
months work by the ways and means
committee, of which he is chairman
and nearly year of his own labors,
The bill contains hundred thousand
words, therefore twice as long as the
Dingley law. 1t represents the judg-
ment of the committee based on over
ei.5lt thousand pages Of printed testi-
r~ny, of thirty thousand letters, all
known statistics bearing On the sub
ject. 1t is estimated the revenue
under the tariff duties prescribed in
the bill will amount to three hundred
million. This is an increase of about
ten million over the Dingley bill. The
inheritance tax, as recommended by
Taft, is one of the striking features
of the BILL 1t provides tax direct in.
heritance as follows:
inheritance Tax. sr-
hundred thousand to FIVE hun
dred thousand, two percent; over five
hundred thousand, three per cent
Collateral relatives. and strangers re
living inheritances pay five per cent
on all amounts over five hundred dol
lars. 1t is practically a New York
state law. The bill also authorizes the
issue of treasury certificates to the
{. iount of $250,00O,O 900, to run for one
year.
Coffee was left on the free list. Nc
change is made on beer A tax OF
eight cents per pound is levied on
tea, coming from a country where pro-
duced, nine cents coming from other
countries. Tea was on the free list
In the Dingley law.
Wood pulp, coming from country
that has no export duties on certain
forest products, will be admitted free
Printing paper duty is reduced &C 2.3
to SO per cent. according to value.
The tariff on lumber is reduced
fifty per cent, the same as on stee
rails and some other steel products.
Coal is placed on reciprocal basis
as are agricultural implements. Wool
OF first and second class, unchanged
also oil. A reduction of FIVE cents pei
hundred is made in refined sugar
IRON ore is placed on the free list;
hides, free; shoes reduced forty pei
cent The rates are increased in win
dow glass of large size, and reduced
IN small sizes. The great.r part oil
the Increases have been placed on
Injuries. made where it was thought
1t would give the revenue to the best
advantage.
IN introducing the bill, Payne pre-
sented statement prepared by the
committee giving exhaustive explana
tlcn, analysis of the provisions OF a
measure which was in part:
Payne's Statement.
The new tariff bill is the maximum
and minimum tariff bill. The maxi
mum rates of duty are contained In
'he first section and the free list for
MINIMUM rates in tie second section
OF the bill. The third section con
'alns the maximum rates, which gen
orally equal the minimum rates and
.Wenty per cent in addition thereto
me articles on the free list. in trans
Ter to the third section bear duty OF
eWo per cent advalorem as the maxi
mum rate Is not to go into effect until
sixty days after the passage of the act
ny the fourth section minimum rates
as applied all goods imported from any
country which gives the United States
good terms by way of the tariff given
W any other nation. The maximum
rate is applied to those countries
which discriminate against trade In
.ae United States or fail to give the
United States tariff rates as favorably
s,ven s, to those Of any other nation.
! ms section itself acting, making II
me duty of the executive to collect
uuties, whether minimum or maxi
,nunl, IN accordance with the terms OF
.ne Dill. leaving it open to the court
- decide the legality of the action.
one problem that confronted the
committee was the question OF reve-