Las Vegas optic. (East Las Vegas, N.M.) 1908-1921, 1912-01-22
AFFECTS The MANUFACTURER
LESS DUTIES TO BE PAID ON
PRODUCTS AS WELL AS VA
RIoUs ORES
TO GO TO HOUSE WEDNESDAY
COMMITTEE WILL SUBMIT THE
BILL TO THE DEMOCRATIC
CAUCUS TOMORROW

w OdD. INC0uCIiOna fJA
from 80 to so per cent on all items
in the iron and steel tariff and the
placing on the tariff free list of iron
ore, sewing machines, printing ma
chinery, cash registers, nails and
many other articles against which a
tariff is now levied, are proposed in
the democratic steel revision bill,
made public today.
The bill was completed by the
democratic members of the ways and
means committee on Saturday. After
being submitted to the full committee,
it will be laid before the democratic
caucus tomorrow afternoon and, if ap
proved by the caucus, will be formal
ly introduced in the house Wednes-
day.
Sweeping reductions are made in all
the important items of the iron and
steel tariff. Among articles dutiable
under the Payne-Aldrich bill which
would be placed on the free list are
iron ore, existing duty 5,75 per cent;
hoop and band iron and steel, 16
per cent; barbed wire and fencing,
III per cent; nails II. 81 per cent;
horseshoes, q per cent; tungsten ore,
10 per cent; zinc ore, 1857 per cent;
cash registers, linotype machines, ma
chine tools, printing presses, sewing
machines and typewriters, 80 per
cent.
The reductions made on finished
steel and iron products range in many
classes as great as so per cent. The
figures given out by the committee on
ways and means to accompany the
bill show that this will make cores.
ponding reduction in tariff revenues
from these sources.
The rates of duty under the exist
ing Payne-Aldrich tariff law have been
reduced to the equivalent ad valorem
duty by the committee Using the ad
valorem equivalent as basis, the i'm.
portant reductions proposed by the
democrats are:
Pig iron, from 1886 to per cent;
scrap iron, S.72 to T; ferromanganese
ore, Is to $50 per cent; chrome me-
tails, 20.69 to Is per cent; bar iron
and steel, 1890 to 10 per cent; slab
iron and steel, from 1852 to 10;
round iron in coils or rods, "a to 10;
beams, girders, etc., 80 to 10; boiler
plate 81 to 20; sheet iron or steel, 80
to Is; steel saws plates, 23 to Is;
iron or steel forgings, 30 to Is; ball
and roller bearings, As to %; hoop
iron, 1888 to 10; band iron, 35 to Is:
railway bars, 1884 to 10: railway fish
plates 20 to 10; steel ingots, 21.83 to
10; rivet screw and fence rods, IA to
10; anvils 31.95 to 15; automobiles,
motor cycles and bicycles, As to 40;
axles and ankle bars, 14.81 to 10;
iblacksmiths tools, 17.12 to 10; bolts,
29.07; cast iron pipes, all kinds from
1913 to 10; chains 20 to 20; knives
and cutlery 77.6 to 35; razorss II to
So; scissors and shears, 52.55 to 30;
carpenters, butchers and artisans
knives, kitchen knives and forks, 43.4S
to 35; files and raps, GIG to 25; mus
kets, rifles, 25 to Is; breech loading
shot guns and rifles, 1854 to 35; table
kitchen and hospital utensils, 40 to
25; needles and bodkins, 43 to %; fish
hooks, 45 to 10; and fishing rods, reels
and tackle, As to 25 per cent; engrav-
ed plates for printing electrotypes and
stereotypes from rs to 10; lithograph
plates, so to 25: saws, 24.S0 to IL;
umbrellas and parasols. ribs and
so to 80; railway wheels,
50.63 to %; aluminium and alloys,
1918 to 25; antimony, 26 to 10; Ger
man silver, 25 to 10: bronze powder,
ETC., Al to %; braziers copper, 11.4S
to 5: gold leaf, 1856 to S5 and silver
leaf, S7.70 to 80. Tinsel wire, etc.. is