The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1909-03-26
PAYNE's MEASURE TO REVISE
pINolEY ACT MAKES re-
oucTloN ON NECESSITIES
A GRADUATED INHERITANCE TAX
Measure Expected to Increase Gus
toms Receipts S4o,0oo,ooo An
nually--issue Of s25o,oo0,ooo
Treasury Certificates.

Washington, ID. Gull men,
bers of the house committee on ways
and means, including Democrats as
we'll as Republicans met at 10 o'clock
Thursday for the formal consideration
OF the Payne tariff bill which saw the
light for the first time in the house
Wednesday.
The senate committee on finance ut
the same time began formal consider
alton of the bill.
General debate will be postponed
until Monday, II Mr. Paynes present
program Is followed and after that
time the measure probably Will be be.
fore the house for from ten days to
, two weeks.
, This plan OF operation Is slightly
different from that which has been
followed In the consideration Of other
tariff bills OF recent years and 1t had
been expected that the Democratic
members OF the committee would be
afforded more time than Ia now con.
templated for the consideration OF
the bill In committee. 1t Is still pos
sible that II they insist upon delay
and succeed in presenting good
reasons for their request, they may
be accommodated.
Revenue Increased 20 Per Cent.
Downward revision, maximum and
minimum provisions which impose
an average maximum duty, 20
per cent In excess OF the present tariff
and numerous provisions by which
It is estimated that the revenue to
the government will be increased
forty or fifty million dollars
are salient features OF the new
tariff bill which was introduced in
the house Wednesday by Representa-.
tive Serene L. Payne, chairman OF
the ways and means committee.
The recommendation made by
President Taft that an Inheritance
tax be provided and that a limited
amount of tobacco and sugar be ad-
mitted free from the Philippines are
included In the bill. The limit on su-
gar Is placed at 100000 tons. on wrap
per tobacco at 100000 pounds, filler
tobacco at 100000 pounds and 1907
900 cigars in one fiscal year The
measure also provides for the issu'
ance of Panama canal bonds to the
amount Of 100000 TO reimburse the
treasury for the original purchase of
the canal, ana re.euacts the provision
for the issue of treasury certificates,
the amount being increased from
si0e.000,OO0 to s250,000,000.
Coffee On The Free List.
While there Is no duty imposed
upon coffee, tea is taxed s cents when
imported from the country where II
is produced and Q cents when from
other than the producing country
The internal revenue tax on ciga
rettes Weighing over three pounds
per thousand is increased from 50 tc
SEQ and on those weighing less
from si0O to $3.50, while the tax or
beer and whisky is undisturbed.
A cut Of 30 per cent Is made in the
steel and lumber schedules and iror
ore. hides tallow. cottonsood oil and
works of art, more than twenty years
old, are placed on the free list.
Tariff On Leather Goods Reduced.
The tariff on boots and shoes is re
duced 40 per cent and on other leath
or manufactures in proportion. The
pottery schedule remains about The
same, but the duties on window ant
plate glass of the smaller sizes are in
creased. while the duties on thu
larger sizes are reduced
Il The tariff on wool Of the first ant
second class, used principally II
clothing, is not disturbed, but oil
wool of the third class, known as car
pet wool 1t is reduced on the cheape
grades. A 5-cent reduction Is made
In the duties on shoddy and waste
while wool tops are assessed cent
a pound more than the duty OF
secured wool. which is unchanged,
Wood Pulp On Free List.
r The recommendation for placin
I wood pulp on the free list and redut
| ing the duties on print paper wit
Y certain restrictions. made by tn
. Mann committee Of the house, ar
incorporated In the bill.
The duty on refined sugar Is re
/ duced .0i Of cent a pound and o.
d dextsine n cent a pound. A redut
= tior of cent pound Is also mad
3 in the duty on starch. with the e,
a ception of potato starch, Zine In or
T. is assessed l cent per pound for tn
zinc contained. The tariff on pl
~~-~-~~~~-~-~>~~~~~~
NEWS NOTES.