The Dillon herald. [volume] (Dillon, S.C.) 1894-????, 1909-03-25


ceived the new tariff bill Wednesday
from Chairman Payne, of the ways
and means committee, whose name
the bill bears
The bill is the product Of five
months work of the committee and
contains 100000 words. The estimat-
ed revenue under the tariff duties
prescribed will amount to $5OO00O,-
900, an increase Of $l0,0OO,OOO over
the Dingley act.
A striking feature of the bill is
the inheritance tax A direct in
heritancc of $4,000 to $1,OOO,OOO is
to be taxed one per cent; 100000
to 100000 two per cent; over $780,
900 three per cent. Collateral bene-
fclarles are to pay five per cent on
all amounts over $500.
The bill authorizes the issue Of
Treasury certificates to the amount Of
1850 100000 to run one year.
Coffee stays on the free list.
There is no increase in the beer tax.
There is an eight cent pound tax
On tea from the country where it is
produced, and nine cents from other
countries.
The lumbe, duty is reduced so per
cent; also steel rails and steal pro-
duets; coal is to be on reciprocal
basis with countries admitting Unit
ed States coal free.
Wool, first and second class, is un-
changed.
There is reduction of five cents a
hundred pounds on refined sugar.
Iron ore and hides are OH the free
list. Shoes are reduced 40 per cent.
Window glass is unchanged.
Chairman Payne in a statement
said that with the return to ANYTHING
ike normal conditions, the nations
ieticit viii be entirely wi ped out; if
not the bill provides for the issue Of
Panama Canal bonds for $40,O0O,O0O
to make up any probable deficiency.
The bill provides for reciprocal
trade with the Philippines, limiting
imports Of sugar, tobacco apd ci-
gars.
The Cuban reciprocity provisions
are preserved.
A tax is put on the transfer Of
property.
The dutie' cigarettes. perfum-
| 60
spices, feathers and fur are increased.
The bill adds a new paragraph to
the customs act fixing the basis Of
| appralsement at not less than the
Wholesale price of the article when
offered on the market This basis is
expected to result in an enormous in
crease in revenue.
Printing paper is reduced so to 60
per cent. and wood pulp will be ad-
mltted free from all countries where
no export duty is levied.
A section is added applying to pat
ents obtained by aliens in the United
States 1t will compel foreigners
obtaining patents to build factories
here and manufacture here for our
trade
Provision is made to terminate va
rious commercial agreements with
foreign countries by notice.
1t is provided that the bill 20 into
effect the day after it is passed.
The following are among the in
creases:
Coal. tar, dyes and cement, 80 to
35 per cent.
Asphaltum and bitumen. Is to 100
p.r cent per pound.
Cast polished glass, 2 to 10 per
cent. on smaller sizes.
Watch movements, more than seven
jewels, = cents each; II to Is Jewels,
$1.25 each; over II jewels, unchang-
ed: watch eases unchanged.
Zinc in ore, 20 per cent.
Building stone is reduced 6 cents:
pig iron is reduced from 81 to 50
cents per ton; scrap iron from $4 to
oO ents per ton; bar from 1-l6 Of !
cent to 40 cent per pound, beams.
JOINTS, angles, etc. from $40 cent
per pound to $40 cent per pound;
hoop iron and steel bands reduced
from 30 to so per cent: steel ra;ls
and railway bars from ST. to $3.50.
Fire brick is reduced frrm 45 tn
35 per cent.
Marble, sawed or dressed. is re-
duced from $1.10 20 81 per cubic
foot.
Steel ingots are reduced from a-10
cents per pound to 7-4O cent.