The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1909-08-12

In the administrative circle. and great
care was taken to guard against double
taxation. II
Provides Publicity.
It provides a form Of publicity which
will enable h government to exercise
supervision over corporations. The
form OF returns which must be made
the corporation tax law were made
public in detail during Its considera-
tiOn in the Senate. 1T is estimated that
from $4,000 900 to 5000 Q 900 q year will
be collected under this new form Of
federal taxation.
Millions for Canal.
The secretary Of the treasury is
authorized to issue Panama canal
bonds to the amount OF $290,569, 600,
which INN, together with that al
ready expended, will be equal to
the estimated cost OF the lsthmus
waterway.
It Is not intended that the bonds
shall be issued except as needed to pro-
vide money to carry on h work OF
canal construction.
The bonds are to be payable so years
from h date of issue, and will bear
interest at a rate not exceeding 8 per
cent. When the bonds are sold the
OWL StoAy ~ Vi AAS lASd0a1 " VIII IC6lOXG
to the working balance the $50, 0O0, 200
paid originally for the canal property
and the canal zone.
The re-enactment OF the provis-
ion authorizing the issuance OF
treasury certificates for none bor-
rowed to meet public expenditures,
increases the amount OF the au-
thorization from $100, 000, 900 to $780,
900, 200.
A large number OF other provisions
in force under the existing tariff law
are included in the conference bill
with a few changes in phraseology In
several cases.
The drawback provision OF the
Dingley law is Incorporated In the
conference bill In lieu of the> draw
back OF the House bill, which in
tende to permit the substitution OF
domestic material In the manufac-
tured article for export to the same
quantity a the imported mate
rial, upon which a drawback was
o~btainable, was used in the man
ufacture of similar articles for
domestic consumption.
An additional provision was adopted
emitting users of domestic alcohol In
the manufacture Of perfumery and cos
metics to secure a drawback of internal
revenue tax to the amount of alcohol
used in an exported article.
Representative Payne's statement
AASSN 80 AAA oAo Va lie ollls9 Skk Z.
ing both increase and decrease, and the
detailed presentation was preceded by
a general summary in which he under
took to show the extent Of revenue in
creaSes and decreases according to
schedules.
Shows Total Increases.
According to this showing, the
tons valued at $s52,512,525, and
the total decreases on importatjons
amounting to $4,978, 122, 124.
In this preliminary statement, Payne
said that he had had made an inves-
t1gation based on the ensus returns of
1905, showing the amour of domestic
consumption Of articles upon which
duties have been raised and also the
articles upon which duties have beer
lowered by the bill as finally reported
from the conference committee.
This had been o because compar-
isons have been based upon the
mount OF importations, he said.
Duties" he said, "have been
lowered where they were too high
under the present law, sometimes
~prohibitive in character, and for
that reason the importations were
comparatively small On the 9TH
er hand, they have been raised in
some instances where the tariff was
insufficient for protection and the
1mportattons were very great" g
Then he gave the following tables,
which shows the consumption value of
articles on which rates of duty have
been increased and decreased in all
cases where the amount of protection
could be ascertained.
Duty Duty
Decreased. Increased.
Chemicals .........$ 433, 099, 846 II ,1O5, $40
Earthenware ........ 12S, 423, 1872 ..........
Metals .............. ,24S, 200. 1863 IL, 1872, 255
Lumber ........... $50, $40 $50 1880, 80
uga ........... 300, 965 ,953 ..........
Tobacco ...........No change
Agricul. products. 4S3, 430, 639 1885, 4a
Wines and liquors.. ........... 462,0O1, $50
Cotton. ............ ....... 1852. O24
Flax, hemp. jute.... 22,l27,145 o. LAS
Wool .............No change.
Silk .............. 7,s47.566 104, TAP, GAG
Paper and pulp -. 81, 62S,O 81. 1856, 466
Sundries ........... ], 719, 42S,0 69 101, $50, sos
Totals ............$ s., 97S, 122. 1874 1852, 512, 525
Table of Luxuries.
OF the above increases the following
are luxuries, being articles strictly of
voluntary use: Y
Duty