The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1909-03-18
new TARIFF BILL
IS UP TO CONGRESS
COFFEE LEFT ON FREE LIST AND
NO CHANGE IN BEER.
LUMBER IS CUT in TWO
Tax Is Placed On lnheritances and
Provision Is Made For Rapid
Expansion Of Currency
Revenues Increased.

washington, IL. e., March IT,
Representative Payne, of New York.
chairman Of the ways and means com
mittee. to-day introduced the commits
sion tariff bill to congress. II repre-
sents the judgment of the special
committee after an exhaustive re-
search extending over period OF fiye
months.
The estimated revenues under the
tariff duties in the new bill amounts
70 $300,000,000, an Increase OF $4,000
900 over those of the Dingley bill,
The inheritance tax recommended
by President Taft provides tax on
direct inheritance of one hundred
thousand dollars to FIVE hundred
thousand dollars at per cent. Over
five hundred thousand dollars 3 per
cent. On collateral. relatives and
strangers receiving the Uncertainties.
are to pay 5 per cent on amounts over
$500.
The bill authorizes the issue OF
treasury certificates amounting to
fifty million dollars, to run one year.
Coffee is left on the free list and no
change is made on beer. Eight cents
per pound is levied on tea coming
from the country where ii is pro-
duced and nine cents on that from
other countries.
Tariff on lumber is. reduced 50 per
cent as also is that on rails and 9TH
er steel products Coal and agricul
tural implements are placed ON a
reciprocal basis. Wool, first and sec
ond class, and oil are unchanged.
A reduction of cents per hundred
Is made on refining sugar Iron ore
and hides are free and shoes are re-
duced 40 per cent.
The rates are Increased on window
glass OF the large size and reduced
on the small sizes. The greater part
| OF the increases have been on Iuxur-
les and cuts were made where IL was
thought they would aid the revenue
to the best advantage.
Wood pulp coming from countries
not having export duties on certain
forest products, is to be free. The
printing paper duty is reduced sc 2-3
and so per cent according to value.
Explanations Of Bill.
Mr.. Payne in introducing the bill
explained the classification rates in
the various sections, saying the new
bill was intended to be a minimum,
and maximum bill. He said: "The
third section contains the maximum
rates, which are generally equal to
the minimum rates plus twenty per
cent, and the articles on the free list,
in the transfer to the third section
bear duty at 20 per cent ad valoren
as a maximum rate.
The maximum rate does not go
into effect for sixty days after the
passage of the act. In the fourth sec
ton the minimum rates are applied
to goods from countries giving the
United States as good tariff terms as
other nations. The maximum rate is
applied where countries discriminate
against the United States. This sec
ton is self.acting, making it the duty
of the executive to collect duties
whether maximum or minimum.
leaving it open TO the courts to decide
the legality of the action.
He explained the process taken by
at a fair revenue, finally taking 1906
as an example as normal year, and
figuring the new bill on that basis.
Provision for Immediate Cash.
Under the new bill il is believed
the government deficit will be wiped
out next year, if BUSINESS is anything
like normal II not the bill provides
for an issue of Panama canal bonds
to reimburse the treasury for the for
ty million dollars paid out for the
purchase of the canal zone. This will
more than make up the probable de-
felt.
There is also enacted a provision TO
issue certificates to run one year to
replenish the treasury, raising the
amount from one hundred million to
two hundred and fifty million. an
amount sufficient to provide at any
time against two or three years OF de-
pressed business conditions. The bill
adds a paragraph administrative OF
the act providing that Imported arti-
cles not sold In this country shall not
be appraised at less than the whole
sale price.
Trade With Philippines.
The bin provides for reciprocal free
trade with the Philippines on all ar
tieles, but limiting sugar to be import
ed free up 10 three hundred thousand
tons, wrapper tobacco to three hun.
dred thousand pounds; filler tobacco
to three million pounds; cigars TO
one hundred and fifty million. IN any
fiscal year All excess OF sugar. to
baccO and cigars must nay fun tariff
ate One section OF the bin viii com