The L'Anse sentinel., 1909-03-27

I tion of these articles from America.
| The Inheritance tax provision Of the
bill Is similar to the New York state
law It provides tax Of Eve per
cent. on all inheritances over $500 that
strangers are the legatees. In cases
Of direct inheritance the taxes pre-
scribed are: On 10000 to $500. 900.
one per cent; on 100000 to $500. 900.
| two per cent, and on those over $780,
90. three per cent. It is estimated
that $20,000.0o0 annually will be de-
rived from this tax.
Ends Foreign Trade Agreements.
The maximum and minimum pro
vision Of the bill does 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
issue notices of the termination of
these agreements within ten days aft
er the bill goes into effect. The
French agreement would therefore ter
inmate Immediately. while the Ger
| man agreement would remain in force
| for six months.
A provision in the bill Is designed
to meet the conditions resulting from
the patent laws of Great Britain,
which requires that patentees must
manufacture their articles in Great
Britain. This provision applies the
same rules to patents taken out in
this country by aliens as applied to
Americans in the country of the aliens.
Drawback privileges are extended by
the bill and the method of valuation
on articles upon which the tariff i'm.
poses an ad valorem duty is broad.
ened for the purpose of preventing the
practice Of differentiation.
Payne Explains Bill.
The following explanation of the
form of the bill was made by Mr..
Payne:
"The new tariff bill is a minimum
and maximum tariff bill. The mini
mum rates Of duty are contained In
the minimum rates is in the second
section of the bill. The third section
contains the maximum rates, which
| ara generally equal to the minimum
rates and 20 per cent. In addition
thereto and the articles on the free
| list, In the transfer to the third sec
tion, bear a duty of 20 per cent. ad
| valorem as q maximum rate. The
maximum rate does not go into effect
in any event until 60 days after the
passage of the ac.. BY the fourth
section the minimum rates are ap-
! piled to all good terms by way Of tar
in as that given to any other nation,
| and the maximum rates are applied
to those countries which discriminate
! against the trade Of the United
States or fail to give the United
States tariff rates as favorable as
those given any other nation. This
section is self acting, making 1t the
duty of the executive to collect the
duties, whether minimum or maxi
mum, in accordance with the terms of
the bill, leaving 1t open to the courts
to decide upon the legality OF the
action.
"One problem that confronted the
committee was the question Of reve-
nue.. The business of all commercial
nations has been depressed for 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 improving from month
to month, as business conditions are
becoming better"
Chances by PAYNE Bill.
The statement gives the rates In
the present Law, the Dingley tariff,
and shows the changes that the Payne
bill proposes. The abstract of the bill
continues:
THE committee have transferred
some articles from the free list to the
dutiable, and have Increased duties
on others for the sole purpose Of In
creasing the revenue. Most of these
articles on which duties have been
Increased are luxuries which have
been increased as follows:
"Perfumeries and toilet articles
from so to 80 per centum ad valorem;
fancy soap, from Is to 20 cents per
pound; chicory root, raw, not dried,
from one cent to 2h cents per pound;
roasted from IN cents to flve cent?
per pound.
Cocoa, crude. transferred from the
free list to the dutiable, at four cents
per pound; prepared or manufactured
increased two cents on each classifi
cation except that valued above 35
cents per pound. which remains the
same. Ten per centum ad valorem is
also added to the duties assessed on
that valued between IL and 35 cents
per pound. Powdered cocoa from Ave
to nine cents per pound.
American Phonooraphs In China.