The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-02-19
TARIFF REVISION.

reason why ii should not here.
TARIFF REVISION.
According to the Washington CORE
spondent of the New York Times the
Payne tariff bill has been practically
completed and will undergo but few
changes before being presented to the
house at the special session of congress
to be called by President Taft March Is
The correspondent says the different
schedules have been printed separately,
and while it is not believed that any
body outside of the Republican close
corporation at the head of the commit
tee has seen more than two or three of
the schedules, it is known that the con-
sultation Of the Republican leaders with
the leading men in the various lines of
business affected by the bill has gone to
the extent of submitting the printed
copies of the schedules to them for con-
sideration and possible suggestion.
We are also informed that assurances
continue to come steadily from the few
sources in real touch with the Repub-
lican leaders of the house, to the effect
that the Payne bill will provide for
general and sweeping revision down.
ward I'm schedules. There is also a hint
of the restoration of some of the war
taxes and possibly of an income and in
heritance tax, in view of the fact that
the deficit must be provided for. There
is excellent ground for believing, how
ever, according to the Times man, that
the full effect of the new bill will be,
while reducing the percentage rate, &C
tuaIly to increase the total amount of
duty paid by a change in the system of
valuation on which the rate of duty is
assessed.
Under the present trade agreements
with several European countries the
appraisal of imported goods is made on
the basis of the wholesale selling price
in the country of their origin, as certi-
fed by the United states eonsuls in
that country. The scheme with the new
/ bill is to do away entirely with these
| trade agreements and to make the basis
] VI NaAudNiOAA AOA cEPAcAANeNh III
| selling price in this country.
| "A single illustration will show how
that would work. The rate of duty I'M
/ der the Dingley law for pottery is so
Der cent. On the basis of the selling
price abroad a set of imported table
china, valued at s., now pays 50 duty.
| Suppose the Payne bill cuts the rate Of
duty to 80 per cent, but set on appraisal
at the wholesale selling price here is
valued at SIS. The new rate of duty
will be only half the old rate, but the
new duty will be $3.50, an actual in
crease of 50 per cent"
This is the house program. The SEN
ate has say in the matter and, accord
ing to the best Information obtainable,
Mr.. Aldrich and his colleagues will
/ finally frame the measure upon which
President Taft will be called to pass
Judgment. 1t was the senate, it will be
remembered, that bedeviled the Wilson
bill in the administration of Cleveland.
Senator Frye Of Maine has written to
a constituent that he will remain in
Washington all summer, so it is evil
dent a wrangle over the schedules be-
tween the two houses is expected. The
situation is summed up by the CORE
spondent as follows:
"Mr Taft has given very cleaf"-evi-
dence of an intention to veto any tariff
bill which does not conform to his idea
&c H. a-ir5 ,f rax-fesor, r,rop1iSod i'm fas
Republican platform of last year. II
, was pointed out this evening, however
that Mr.. Taft will be facing serious
dilemma when the time comes for hin
to pass upon the tariff bill To veto
that bill will Be to continue the unset
tied condition of business generally
which cannot be expected to readjus'
itself entirely from the effects of tbs
panic until the tariff question is settled
J And the continuance of the present
business conditions means certainl,
} the sale of some kind of securities b,
the treasury, either Panama bonds or
} per cent certificates of Indebtedness il
; order to meet the running expenses o
tiiC SDNti iAiitVtit. t4iNVA SUN tiiNuiii
stances Mr.. Taft, it Is argued would b
E constrained to sign the bill. howeve
t much it failed to satisfy him. or at leas
: permit it to become law as Clevelan,
did the Wilson BILL
f Mr.. Cleveland made a few forcibI
: remarks about "perfidy' and ''dishonor
] when the Wilson bill. after having beel
touched up by Senator German. va
presented to him for signature. and i
became a law without his active aid
Mr.. Taft, however. will probably TAX
his medicine in silence under simila
: circumstances.