The Idaho Springs siftings-news., 1910-08-06
PAYNE TARIFF IS
DOING The WORK
eleven MONTHS OPERATION OF
THE NEW LAW REVEALED
eY THE FIGURES.
CUSTOMS RECEIPTS ARE BIG
Nearly Hail Of Imports, However. En-
ter Free Of Duty-Sensible Speech
es Made by Lonoworth, Nc
Call and Lodge.

- ssS0V " @Ou0"OVNUs uC'
Call and Lodge.
Washington.-Figur covering IL
months operations OF the Payne tariff
law, showing imports free and duti-
able. customs and average ad valo-
rem duty and comparing the same
with corresponding periods under
three preceding tariff laws, have been
presented by the bureau of statistics
of the department Of commerce and
labor. The Payne tariff law went into
effect on the morning OF August 6.
1909. but the returns to the bureau
of statistics do not enable 1t to sepa-
rate in its statements the business of
the five days of August In which i'm,
ports were under the former law and
the statement. which covers the IL
months. August l to June 80. there
fore include five days under the Ding
ley law.
The statement shows the total i'm
ports in the II months period (Au-
gust l. 1909. to June 80, 1870 as
i$1.445, ,366.5O0. against 1881 .838.976
in the corresponding II months of the
fiscal year 1907, the former highrec-
ord year in imports. OF this total of
1.445 million dollars under the Payne
law. 49.14 per cent. entered free Of
duty. being larger percentage free
of duty than in the corresponding pc
riod OF any earlier year except 1897,
the closing year of the Wilson tariff
law. and 1892. 1893 and 1894 under the
n iNaK{n1ov 10 uyh. taJ
free of duty.
Customs receipts during the IL
months operation of the Payne tariff
law were 1902 1922, ,161. exceeding those
of the corresponding period of any
earlier year except 1907. when the re-
ceipts for the corresponding months
aggregated 1907 7.053,3S1. Comparing
the customs receipts for the period. as
reported by the treasury department.
1902 1922. .161. with the value of imports
as reported to the bureau of statistics
by the collectors of customs. $1,445.-
366. 500. the average ad valorem rate
Of duty on all imports Is shown to
have been 2095 per cent. A compari-
son of this ad valorem rate Of duty
with that of corresponding periods In
each year back to 1890 shows lower
rate on total imports than in the cor
responding period OF any fiscal year
except 1896, when the ad valorem rate
averaged 2O.58 per cent. and 1894.
the closing year of the Mckinley law.
when the ad valorem rate averaged
1919 per cent.
Some Further Companions.
On dutiable imports only the aver
age ad valorem rate under the Payne
law, 41.19 per cent. is lower than in
the corresponding period of any ear
lier year since 1890. except 1896 under
the Wilson law. when the average ad
valorem was 39.33 per cent. Compar-
ing the entire period of the operation
of the Payne law with the entire Pc
riod of the operation of the Dingley.
Wilson and Mckinley laws. respec-
lively. the average ad valorem rate
under the Payne law Is less than un
der any of its three predecessors. that
on total imports under the Payne law
being as already indicated. 2O.95 per
cent; that under the /Dingley law for
the entire period Of its operation.
25.4S per cent: under the Wilson law,
21.92 per cent, and under the McKin-
ley law, 22.12 per cent. On dutiable
merchandise only the average ad valo-
rem rate under the Payne law. 41.49
per cent, Is also lower than that of
any of its predecessors; that of the
Dingiey law having been for its en-
Wilson law for its entire period. 42.S2
per cent, and that of the Mckinley
law for its entire period. 47.10 per
cent.
The percentage of merchandise en-
tering free of duty under the entire
operation Of the Payne law thus far
is larger than under the Dingley or
Wilson law. but slightly less than un-
der the Mckinley law. which admitted
sugar free of duty. the share entering
free of duty under the Payne law dur
49.14 per cent; under the Dingley law
during its entire period, 44.31 per
cent; under the Wilson law during its
entire period, 1882 per cent. and un-
der the Mckinley law during its entire
operation. 5304 per cent.
The average monthly imports dur
ing the entire operation of the four
laws, respectively. we're: Payne law.
$131, 1896. 1854: Dingley law. $s5, ,069,525;
Wilson law. $63.231,447; and McKin-
ley law, $65, ,S72 .635. OF free merchan-
disc the average monthly importation
under the Payne law was $65,564.742;
under the Dingley law. $37,697.751;
under the Wilson law. $30.s69 1886:
and under the Mckinley law, $34.937,-
$50.
Customs receipts under the Payne
law during Its entire operation thus
far averaged $27.529,2s7 per month;
under the DinRley law. 81. .676. OBS per