The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1909-07-31

filler tobacco. when mixed, the annual
Limitation is 300, 1000 pounds, on filler
tobacco / 100000 pounds and on cigars
4 provision is included in the bill
which levies on all articles upon which
any foreign country pays bounty or
grant upon its expectation, an add
tional duty equal to the amount Of
such bounty.
It is required that all imported arti--
cles capable of being marked without
impairment of their. value shall be
stamped with the name OF the manu-
facturer and the country of origin,
A very elaborate provision for the
administration Of custom laws was
LIBERALIZATION of articles on which there
is no foreign market by which true
values may be ascertained.
Provision is made for custom court
of appeals. with headquarters in wash
ington. It viii comprise a presiding
Judge and four associate judges at
salaries of SO 600 year.
TOBACCO TAX CHANGES
The internal revenue tax on tobac-
co is amended, making the rates on
chewing and smoking tobacco cents
a pound. No change was made IN the
tax on cigars, except those weighing
under three pounds per thousand,
which were increased from 81 to rs
cents a thousand. The rates on cigar
cites were increased to SIPS per thou
sand. A prohibition against the use or
coupons or special gift pledges Is in
corporated in the new law
The provision granting farmers the
free sale of leaf tobacco places a re-
striction ca the retail dealer which re-
quires him to record every sale amount
ing to two pounds or more TO one per
son in one day. "A number of other
ironclad requirements are included in
the redraft of this section adopted
by the conference committee, by which
il was intended TO prevent fraud qua
upon the internal revenues and at the
same time give as much of local
market as possible to the tobacco
grower
Foreign built yachts are subjected to
an excise tax of 81 per gross ton,
which is to be collected annually on
the first day of September In lieu
of the excise tax the owner of a for
eign built yacht or pleasure boat may
pay a duty of IS per cent ad valorem
on his yacht This will entitle him
to American registration. This pro-
vision was adopted because some Ques-
ton had been raised as to the ability
of the government to collect import
duties.
CORPORATIONS MUST PAY
Every corporation, joint stock COM
pany or association organized for
profit and every insurance company
is required to pay annually an excise
tax of 1 per cent upon its entire net
income over and above $4,000. This
feature was put into the bill to raise
additional revenues to apply on the
treasury deficit. 1t provides a form
of publicity winch Will enaDle the gov
eminent to exercise supervision over
corporations. 1t is estimated that from
$40. 600 600 to $50 600. 600 a year viii be
collected under this new taxation.
The secretary of the treasury is au-
thOrized to issue Panama canal bonds
to the amount of $3.50 569 600, which
sum, together with that already ex-
pended. equals the estimated cost of
the Panama canal 1t rs not intended
that the bonds shall be used except as
needed to provide money to carry on
the work of canal construction
The bonds are TO be payable so years
from the date of issue and will bear
interest not exceeding per cent.
When the bonds are sold the secretary
will restore to the working balance the
S50,0O0.000 paid originally for the canal
property and the canal zone.
The re-enacting of the provision
authorizing the issuance of treasury
certificates for money borrowed TO
meet public expenditures increases the
amount Of the authorization from
500, 100000 to s2o0,O00,0O0. large
number of other provisions that are in
force are included in the conference
bill with a few changes in phrase
ology in several cases.
DRAWBACK PROVISION
The drawback provision of the Ding
ley law is incorporated in the confer
ence bill in lieu of the drawback Of the
house bill which intended to permit
the substitution of domestic material
in the manufactured article for export
TO the same LudI lIlpOILtu
material, upon which a drawback was
obtainable. was used in the manufac-l
ture of similar articles for domestic
consumption.
An additional provision was adopted
emitting users of domestic alcohol in
the manufacture of perfumery and
cosmetics to secure a drawback of in
ternal revenue tax to the amount of
alcohol used in an exported article.
Representative Payne made a state
ment comprising an analysis of the
bill showing both the increase and
the decreases. but this was preceded
by a general summary in which he
undertook to show the extent of reve-
nue. increases and decreases according
to schedules. According TO this show
ing the total increases were on inn
portations valued at 1852, 512.525 and
the total decreases on appropriations
amounting to s4.97S,122,124.
PAYNE MAKES COMPARISONS
In this preliminary statement Payne
said that he had made an inves-
tigatiOn based on the census returns
of 1905, showing the amount of do
nestle consumption of articles upon
which duties have been raised and
also the articles upon which duties
have been lowered by the bin as finally