Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1909-03-17
WILL HURT SOME OF
NEW MEX|CO'S INDUSTRIES
Draft of Tariff Bill Introduced Today
Puts Hides on Free List and Re-
duces Tariff OH Carpet Wool
---Free Trade With Philip
pines and Recipro-
city With Cuba

Washington, d. c., March ia
downward revision, maximum and
minimum provisions which impose an
laverage maximum duty of twenty per
Icent in excess of the present tariff
and numerous provisions by which
it is estimated that the revenue to
the government will be increased
from forty to fifty million dollars, are
lsalient features of the new tariff bill
introduced in the House today. The
Recommendation of President Taft as
to an inheritance tax will be provided
and a limited amount of tobacco and
lsugar will be admitted free from the
Philippines and are included in the
bill. The measure also provides for
the issuance of Panama Canal bonds
to the amount of forty millions to
reimburse the treasury for the orig
inal purchase of the canal and re-
enacts the provisions for the issue
lof treasury certificates, the amount
ibeing increased from hundred mil
lion to two hundred and fifty mil
lions. While no duty is imposed on
coffee, tea is taxed eight cents when
imported from the country where pro-
duced and nine cents where from
other than the producing country.
The internal revenue tax on cigarettes
is materially increased while the tax
on beer and whiskey is undisturbed.
The steel and lumber schedules, boots
and shoes, cheaper grades of wool,
refined sugar, pig iron, window and
lplate glass Of larger size are reduced.
Iron ore, hides, tallow, cotton seed oil,
and works of art twenty years old
are placed on the free list. Wool,
principally that used in clothing, is
|undisturbed, as is pottery.
Statement by Payne.
| Washington, d. c., March 17.--Rep-
Preventative Serene L. Payne, chair
man of the Ways and Means Commit
itee, in introducing the tariff bill gave
out the following statement: "One
problem that confronted the commit
tee was the question of revenue. The
business of all commercial nations
has been depressed nearly 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
improved from month to month as
business conditions are becoming bet
ter"
Chairman Payne said the committee
had taken 1906 as basis to form
Ian estimate of the revenue-producing
iqualties Of the new bill as that was
1.-THE last normal year. He continued: ::
i"With the return of anything like
normal conditions during the next fis-
cal year, it is safe to predict that the
deficit will be entirely wiped out but
in case it is not the bill provides for
ian issue Of Panama Canal bonds to
reimburse the treasury for O,000, 900
lpaid out in the original purchase of
1.-THE canal. This will more than make
Iup any probable deficiency.
! Wood Pulp to Be Free.
"The recommendation of the com
mttee We're to permit free of entry
wood pulp from any country not I'm.
posing an import duty and to reduce
printing paper valued at not above
two and one-fourth cents pound
from three-tenths to one-tenth a cent
per pound, and paper valued at not
above two and a half cents per pound
! from four-tenths to two-tenths a cent
|per pound. Cotton seed OF. is placed
on the free list. Iron ore and basic
Stag are also placed on the free list.
Pig iron is reduced from four dollars
to two fifty per ton. Scrap iron and
steel, bar iron and round iron are also
duced from one and half cents to
one cent per pound. In the lumber
schedule, timber is reduced from one
cent per cubic foot to half cent.
Sawed boards, planks of white wood
sycamore and Eastwood, from one dol.
lar thousand to fifty cents. All
lother sawed lumber from two dollars
to one dollar. In agricultural prod
ucts, barley is reduced from thirty
cents bushel to fifteen cents, bacon
land hams from five cents per pound
to four cents. Fresh meat from two
cents per pound to one and half
lcents. Refined sugar is reduced from
one and ninety-five hundredths cents
to one and ninety-one hundredths
cents.
Hides on the Free List.
"A reduction is made in the carpet
wool, the scale increasing with the
value of the article. Bituminous coal
coming from countries admitting
American coal free is placed on the
free list; hides of cattle free, band
and sole leather reduced from twenty
to five per cent and upper leather,
calf skins, etc, from twenty to fiji
teen. Plows coming from countries