Arizona republican., 1909-03-18
NEW TARIFF
SCHEDULES
Synopsis Of Provisions Of The
Payne Bill
MAXIMUM AND MINIMUM
These Provisions With Gen.
eral Downward Revision
Are Chief Features--In-
creased Revenue. of From
40 to so Millions Annually.

revision. maximum and minimum pro-
visions which impose an average
maximum duty of per cent in ex-
cess Of the present tariff and numer-
Gus provisions by which it is esti-
mated that the revenue of the gov
ernment will be increased from $40,-
100000 to $50.00O,000, are the salient
features of the new tariff bill which
was introduced in the house today
| by Representative Serene Z. Payne,
chairman of the ways and means
committee. The recommendations
made by President Taft. for an in
heritance tax to be provided and a
limited amount of tobacco and sugar
to be admitted free from the Philip
pines. are included in the bill The
measure also provides the issuance
of Panama Canal bonds for s40.00O,0 900
to reimburse the treasury for the
original purchase of the canal and re-
enacts provisions for the issue Of
treasury certificates. the amounts be
ing increased from s1OO.00O,0C0 70
$3.50 10000
While there is no duty imposed
upon coffee. tea is taxed cents when
Imported from a country where il is
er than the producing country. The
internal revenue tax on cigarettes is
materially increased while the tax on
beer and whiskey IS undisturbed.
cut of so per cent is made in the
steel and lumber schedules of iron
ore, bides. tallow. cottonseed oil. and
works Of art more than 20 years old
are placed on the free list The tar
T.. A
per cent. and other leather goods in
proportion. The pottery schedule re-
mains about the same but the duty
on window and plate glass of the
smaller sizes is increased, while the
duty on the larger sizes is reduced.
The tariff on wool of the first and
second class, used in clothing prin-
cipally, is not disturbed but on wool
of the third class, known as carpet
wool, it is reduced. as it is on chepaer
grades. a 5 cent reduction is made
in duties on shoddy and waste; white
wool tops are assessed cents a
pound more than the duty on secured.
wool. which is unchanged. The rec
concentrations for placing wood pulp
on the free list and reducing the
duties on print paper with certain
restrictions made by the Mann COM
mittee of the house. are Incorporated
in the bill. The duty on refined su-
gar is reduced four one -hundredths
of a cent a pound and dextrine a half
cent. A reduction of one-haif cent
is also made in the duty on starch
with the exception of potato starch. |
Zinc ore is assessed one cent per
pound for the zinc contained. The |
tariff on pig iron is reduced from |
s4.00 to $3.50 per ton. The principal |
increases are made on lemons, cocoa, |
and substitutes for coffee, coal tar /,
dyes. gloves and lithograph prints.
AS was expected, the new tariff bill |
is made on a maximum and minimum /
basis, with a provision that maximum |
rates are not to go into effect until |
GO days after the passage of the bill. /
The reciprocity provisions are con- |
tanned in the paragraphs assessing |
duties on bituminOus coal and coke |
and agricultural implements by which |
these articles are given entry free of 1
duty when imported from countries |
which permit the free importation of |
these articles from America The in
heritance 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 $1,000 l |
per cent; on 100000 to s5OO.OOO. 2
per cent. and on those over $500.000.
8 per cent. 1t is estimated that SEQ
100000 annually will be derived from
this tax.
The maximum and minimum pro-
visions Of the bill do away with the
necessity 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 af-
ter the bill goes into effect. The
French agreement would therefore
terminate Immediately. while the Ger
man agreement would remain in force
for six months. A provision of the
bill designed to meet the conditions
resulting from the patent laws of
Great Britain which require that
patentees must manufacture their ar
ticles within Great Britain. This pro-
vision applies the same rules to pat
ents taken out in this country by
aliens as applied to Americans in the
country of aliens