The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-03-18
inheritance Tax Recon-
mended to Make up
Deficiency Which Cut
Will Make in Revenues
MEASURE As PRESENTED TO
THE HOUSE II 4 COMPRE-
HENsIyE MOVEMENT ALONG
CORRECTIVE LINES.

WASHINGTON. March IA
downward revision and maximum
and minimum duty of 30 per cent of
the present tariff. and new provi-
sions By which il il estimated that
the revenue 10 the government will
I've increased from forty TO fifty mil
lion dollars. are salient features of
the new tariff bill introduced in the
house today by Representative Sc
reno r. Payne, chairman of the ways
aud means committee.
The bill recommends that the Pres.
ident Taft inheritance tax idea b.
provided ana that limited amount
of tobacco and sugar he admitted
free from the Philippines. these
features To be included in the bill.
The measure also provides for the
issuance OF Panama canal bonds 10
the amount of $40. .000 10 reim-
burse the treasury for the original
purchase of the canal and TO re-enact
provisions for the issue OF treasury
certificates, the amount being in
creased from hundred million to
two hundred and fifty million dol
lars.
cut of 80 per cent is made in the
steel and lumber schedules. iron ore.
hides. tallow, cotton seed oil and
works of rat more than 20 years old
are placed on the free list. No duty
Is imposed on coffee. The tariff on
boots and shoes Is reduced 40 per
cent. Other leather manufactures
are cut In proportion.
The tariff on wool of the first and
second class Is not disturbed. but on
the cheaper grades the duty Is re-
dueed A per cent reduction Is
made In the duties on shoddy and
waste. while wool tops are assessed
9 cents a pound more than the duty
on secured wool. which is unchang-
ed.
Recommendation for placing
wood pulp on the free list and reduc.
ing the duties on print paper, with
certain restrictions made by the Mann
committee In the house. are included
in the bill The duty on refined SUI
gar is reduced four one-hundredths
of cent a pound and on dextrin and
starch half a cent.
Zlnz In ore is assessed | cent per
pound for the zinc contained. As
was expected. the new tariff bill is
.riaa~he on a maximum and minimum
u basis. with provision that the maxi
mum rates shall not go into effect
until 60 days after the bill Is passed.
An inheritance tax feature, which
is similar to the New York state
law, provides tax of ) per cent on
all inheritances over $500. Upon
collateral inheritances, or inheri-
tances in which strangers are lega-
tees. the increase. is direct. The in
heritance taxes prescribed are on ten
thousand to hundred thousand dol
lars and fixed at / per cent. From
a hundred thousand to five hundred
thousand dollars. 2 per cent is hxed
and on inheritances over five hundred
thousand. three per cent is stipulat-
ed. II is estimated that 500, 900
annually will be derived from this
source. Reciprocity provisions in the
bill contain paragraphs assessing the
duties on bituminous coal and coke
and agricultural implements by
which these articles were given en-
try free of duty when imported from
countries which permit the free inn
portation of these articles from
America
The duty on lead bearing ore Is re-
duced from one and n half cents to