Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-01-22
DENOCRATSTOMAKE
DRASTIC REVISION
OF THE TARIFF
SCHEDULES
Sweeping Reductions Made in
All Important Items Of
Iron and Steel Tariff; Iron
Ore on Free List.
FIGURES MADE PUBLIC
BY COMMITTEE TODAY

of from 80 90 so per cent ON AN Items
n the iron and steel nun and the
piucing on the tarin llst or iron ore.
sowing machines. printing machinery.
cash registers, mails and many other
articles against which % tarln Is now
levied, are proposed iu ,br democratic
steel revision tarln bin. modo public
today.
The bili WAS completed by the DEM
ocrhuc members of the ways and
means committee ON saturday After
being submitted tu the full commit
toe Il VIII bo lJld before the Demo-
cratic caucus tomorrow afternoon and
10 approved by tlc caucus viii be
formally introduced In the house
wednesday.
Sweeping reductions are made lu
ail the important items OF the iron
and steel turin. Among articles dut-
liable under the Payne-Aldrlch bill
which would be placed on the free
list arc iron ore, existing duty 5.2s
per cent, hoop and band iron. and
steel, 10 per cent BarOed wire and
nails ], per cent; horse shoes q.
Tungsten ore. zinc ore. cash registers,
linotype machines, machines. machine
tools printing presses, sowing ma
chimes aud typewriters 30 per cent.
The reductions made on fnishe 4
steel and iron products range ia many
classes as great as fifty per cent. The
ngures given cut by the committee on
ways and means To- accC npany the
bih show that this viii make cor
responding reduction in tariff revenues
from these sources.
The rate of duty under the existing
Payne Aldrich terlfl lnw has been re-
ducod Ia the equivalent ad valorem
duty hy the committee. Using the al
valorom equivalent as basis. the im-
portant reductions proposed by the
Democratic bill are: High iron from
1886 go per cent. scrap iron, S.72
60 s.; ferromunRaucsc ore, rs to 6,62
per cent. chrome metals. 2O.69 20 Ia
per cent. bar iron and steel 1880
10 10 per cent; slab iron and steel
from 1852 20 70; round iron In coils
or rods. 80 20 10. beams. glrdors etc,
80 10 D.; boiler plate, 81 90 20; sheet
iron or steel, 81 To- I5; steel saw
plates. 20 10 10; iron or steel forg-
ings, 80 10 Is: bali and roller bear
ngs. IS 10 30, hoop iron, 1888 TO i5;
band iron, 80 TO IS; railway bars,
1874 10 10; railway hshnlates. 20 TO
10; steel ingots. 2i.S8 10 30; rivet,
screw and renee rods. "A to 10; anvils,
.3l95 TO i5.
Automobiles. motorcycles and BIZ
cycles. i5 10 40.
Axles and ankle bars 1881 20 10;
blacksmith tools, i7t2 10 10; bolts,
29.O7 10 10; cast iron pipes, all kinds
from 1913 TO 10; chains. 20 70 20.
Knives and cutlery, 7I6 to a5;
rnzors, a 10 85; scissors ana shears,
52.55 To 30; carpenters, butchers and
ratisans knives. kitchen knives and
forks. i3.43 20 25 files and rasps,
61.16 10 90.
Muskots. rifles. 90 TO IS; broech-
loading shotguns and rifles. 45.G4 TO
80: table. kitchen ana hospital uton-
sils. 40 10 25. needles ana bOdkins,
43 to 90. fishhooks, 90 20 10; and
fishing rods, reels and tackle, as TO S5
per cent.
Engraved plates for printing elec-
lrotypes and stereotypes, from 90 20
i5; lithograph plates. 80 20 90. saws,
2i30 20 ~. umbrellas ana parasols,
ribs and stretchers. 80 60 30; railway
wheels. b0.63 90 90. aluminium and
alloys. 4G.l9 TO %; antimonX 26 Ca
10; German silver. 20 TO 10; bror ;c
powder. etc, ~ 20 20; brazlers cop
per. HAS to 3; gold leaf 3s65 90
35. and silver leaf $40 a. 80.
Tinsol wire. etc. is increased from
/ i0.f5 60 80 per cent, tlugcl wire prod
ucts are reduced from a. to 90 per
cent; hooks and eyes, $3.50 10 lhi
| lead bearing ore. Oh to 20 per cent ON
/ the lead contents; lead bullion. 1888
10 e5 nickel and alloys 1850 20 i0i
pens, except gold. Go to 20. gold pens
| 20 per cent. not changed pins 33
to 20 per cent; quicksilver. rs 90 10;
type metals. "a 60 10; watch move
monts. 90 90 80, zine iu blocks or
pigs. 80 10 rs; metal cans and pack
ages. GO TO 80; bottle rnps. 51 te 30,
ana nippcrs ana pliers from 90 10 30
per cent
An other articles are 90 hc dutiable
under the bin az 20 per cent ud vac
lorcm where a rate is not specifically
given while harhod wire Is put on
the free ust telegraph and telephone
wires are given rate of 80 per cent
ad Nalorcm.