Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-01
Caucus Action on Wool
Schedule Absorbs
Attention.
NEW BILL SUBMITTED
Provides for Reduction OF
About Half but Keeps
Revenue Up.

Washington, June with its prob
able bearing upon the entire tariff pol
icy Of the democratic party in future,
the caucus Of the house democrats to
consider the Underwood bill revising
the wool schedule held the undivided
attention of political Washington to
day. The Underwood bill imposes a
largely reduced duty on raw wool.
UNDERWOOD CONFIDENT.
Chairman Underwood OF the ways
and means committee was confident to-
day Bryans entrance into the fight
had not materially changed the vote
and he looked for the ratification OF
the revenue measure
HELD SIGNIFICANT.
Bryan's purpose in demanding free
raw wool is taken by many political
observers TO be a foreTunner of fur
ther activity by the Nebraskan in 1912.
Whether this activity will go so far as
another candidacy for the presidential
nomination. or whether it will be con-
fined to assisting in the selection of a
candidate agreeable 70 all factions, is
being widely discussed. An effort will
day.
BILL PRESENTED.
Washington, June 1.-The demo-
cratic wool tariff bill. prepared by
the ways and means committee of
the house was presented to the dem
ocratic caucus today. The bill makes
REDUCTIONS from one-haf 70 two
thirds on all wool duties. Raw'wooI.
itself, which was free. in previous
democratic tariff bills, is given
duty of 20 per cent. ad valorem,
equivalent to from to cents
pound.
THE DUTIES COMPARED.
The new duties, together with the
present duties as figured on an ad
valorem basis by Chairman Under
wood are as follows:
Raw wool-Proposed duty 90 per
cent, existing duty, 44.31 per cent
Combed wood or Proposed
IS per cent; existing 105.19 per
cent.
Yarns, made wholly or in part of
wool-Proposed so per cent, existing
sass.
Cloths. knit fabrics and all manu-
features OF wool[Propcsed 40 per
cent; existing 97.11.
women's and children's dress /
goods and similar goods-Proposed +
as per cent; existing 102.S5.
CLOTHING CUT HALF.
Ready-made clothing and articles /
of wearing apparel-Proposed ) I
per cent; existing S1.31.
Braids, ribbons, insertions, laces, /
embroideries. nettings and like ar
ticles. wholly or in part made Of ,
Proposed 80 per cent; exist
ing S7.O6.
Carpets. including brussels. tapes |
try. ingram. etc.-Proposed duty |
ranges from % to 40 per cent; ex-
listing 6209 to 1925.
CUT REVENUE LITTLE.
The proposed wool tariff repre-
sents a reduction of only S1.35O.oOO
in the revenues of the government.
according TO Underwood's statement
The imports of wool the past year
amounted TO S70.744.650. and the
democratic leaders estimate the re-
duction in tariff will so stimulate
importation that the first year under
the proposed duties would result in
the importation of S1S0.S22, goo
worth of wool
Duties collected the past year on
wooden imports amounted to SAL
9O4 $40; while under the first year
Of the new duties il is figured the
revenue would be $40. $50. 200. /.
CHANGED To AD VALOREM. Il
All specific duties whereby a stat
ed sum is collected by the govern
ment on certain grades of wool, are
changed by the new law to ad valoT-
EN- duties. The general average ad
valorem duty on manufactured wool
under the proposed law is estimat-
ed Al 4255 per cent: while under
The existing law il is figured at 9o.1O
per cent ,