Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1909-03-24

class, known as carpet wool, it is re
duced or the cheaper grades.
What Inheritance Tax Proposes.
The inheritance tax provision of the
bill is similar to the New York state
law. 1t provides a tax of 5 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 S10O, 600, /
per cent; on $1,000 to $500.00 =
per cent, and on those over $500. 600
3 per cent. 1t is estimated that 500
100000 annually will be derived from
this tax.
Maximum and Minimum Rates.
The maximum and minimum provis-
ions of the bill do away with the ne
cessity of continuing the foreign
trade agreements. The abrogation of
these is provided for in a section
which authorizes the president to is.
sue notices of the termination of
these agreements within ten days
after the bill goes into effect.
Chairman Payne Outlines Bill.
In introdut the bill Mr.. PAYNE
said:
One problem that confronted the
committee was the question of reye-
nue. The business of all commercial
nations has been depressed for near.
ly two years and thus has affected
our commerce and greatly reduced
our revenues, so that We have large
deficit, but the revenues under the
present law are improving from
month to month, as business condi-
tons are becoming better.
Duties on Luxuries Higher.
Mr.. Payne gave he rates in Tho
present law, the Dingley tariff. and
showed the changes that the Payna
Dill proposes. He continued:
The committee has transferred
some articles from the free list ia
the dutable ard has increased duties
on Others for the sole purpose of in
cfeasine the revenue. Most of these
articles on which duties have been
increased are Injuries, which have
been increased as follows:
'Perfumeries and toilet articles
from 80 to so per cent ad yalorem.
Fancy soap from Is to 20 cents per
pound
"Chicory root raw not dried, from
l cent TO 215 cents per pound; roasted
from 2ls cents to 5 cents per pound.
Spices, Feathers and Furs.
Snces, which are now largely on
/ the free list, are assessed an average
duty Of 80 per cent ad valorem
Feathers are increased from Is per
| cent to 90 per cent ad valorem and
dressed OF colored feathers receive an
increase OF 10 per cent. Furs, dressed
ON the skin, ale assessed I'm per
cent ad valorem.
Coca. crude. transferred from the
free list to the dutiabIe, at 4 cents
per pound; prepared or manufactured
increased ? cents on each classified
ton except that valued above 35 cents
per pound. which remains the same
Ten per cent ad valorem is also added
to The duties assessed on that valued
between Is and IS cents per pound
Powdered cocoa from 5 cents to 8
cents per pound.
Cocoa butter. from 3h to 5k
cents per pound. Dandelion root, and
articles used as a substitute for coffee
25z cents to 4 cents per pound.
Mereerized Fabrics Pay More
Increases in the cotton schedule
are: An additional duty Of cent pei
yard on mercerized fabrics IA new
process OF manufacture invented siuce
| the present law was enacted).
Also a small additional duty on
lap-pets. There also is an increased
duty on stockings fashioned I
shaped wholly or in part on knitting
machines
Changes In Paper sehee lie.
/ Changes in the paper schedule
which include those recommended b.
The special committee on wood pal.
and print paper investigation. are:
Surface coated papers. covered
! with metal from 3 cents and 20 pc
centum 10 5 cents and 20 per centun