New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1909-03-24
new TARIFF BILL
Provisions Of Measure Intro
duced in Congress.
INHERITANCE TAX A FEATURE
Present Duty on Steel and Lum.
Der Reduced 0ne-HaIf.

| Washington, March 17-Downward
revision, maximum and minimum pro-
visions which impose an average max
imum duty 20 per cent in excess of
the present tariff and numerous pro-
visions by which it is estimated that
the revenue to the government will
be increased from S40,000,000 to $780,
100000 are the salient features of the
new tariff bill which was introduced
in the house by Representative Serene
+. Payne, chairman of the ways and
means committee. The recommends
lions made by President Taft that an
inheritance tax be provided and that
a 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
| 100000 900 to reimburse the treasury
for the original purchase Of the canal
and re-enacts the provision for the
Issue of treasury certificates, the
amount being increased from 100000
600 to s250,000,O0c.
While there is no duty imposed
| upon coffee tea is taxed cents when
| imported from the country where it is
| produced and 9 cents when from other
than the producing country. The in
ternal revenue tax on cigarettes is
materially increased, while the tax on
beer and whisky is undisturbed A
cut of so 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.
Duty on Boots and Shoes Cut.
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
principally in clothing, is not dis
turbed, but on wool / the third class,
known as carpet wool, it is reduced
on the cheaper grades. A scent re-
duction is made in the duties on
shoddy and waste, while wool tops
are assessed cents pound more
than the duty ON secured wool. which
is unchanged. The recommendations
for placing wood pulp on the free list
and reducing the duties on print pa
per, with certain restrictions, made
by the Mann committee of the house,
are incorporated in the bill
The duty on refined sugar is re-
duced 5-100 of a cent a pound and on
deXtrin half a cent a pound A reduc-
ton of half cent a pound is also
made in the duty on starch, with the
exception of potato starch. Zinc in
ore is assessed 1 cent per pound for
the zinc contained. The tariff on pig
iron is reduced from 81 to $3.50 per
ton.
AS was expected the new tariff bill
is made on maximum and minimum
basis, with the provision that the max
|
until sixty days after the passage of
the bill. Reciprocity provisions are
contained in the paragraphs assessing
duties on bituminous coal and coke
and agricultural implements, by which
these articles are given entry free of
duty when imported from countries
which permit the free importation OF
fhoca articles f,1,no An,orioo
Inheritance Tax Provision.
The inheritance tax provision of the
bill is similar to the New York state
law. 1t provides tax of per cent
on all inheritances over $500 that are
collateral inheritances, or in which
strangers are the legatees., In cases
of direct Inheritance the taxes pre-
scribed are: On $4,000 to 100000
per cent; on 100000 to 100000, 9
per cent, and on those over 100000
per cent. 1t is estimated that $40,
100000 annually will be derived from
this tax.
The maximum and minimum provi
sions of the bill do away with the
necessity of continuing the foreign
trade agreements. The abrogation OF
these is provided for in section
which authorizes the president te
issue notices of the termination Of
these agreements within ten days
after the bill goes into effect. The
French agreement would, therefore
terminate Immediately, while the Ger
man agreement would remain in force
for six months. The time that must
intervene before the importation O.
!. the other reciprocity agreements
would become effective ranges from
, three months to one year
A provision in the bill is designed
to meet the conditions resulting from
the patent laws Of Great Britain
which require that patentees mus
manufacture their articles within
Great Britain This provision APPLIES