Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-10-04
oH;e,.l. az Treasury Department Be-
l;.v, siil Provides Lowest Duties !"
u;..... of Country With Possibly
On. Exeeptien-eryan Issues state
,,.n+ II Reoart 70 New Law.


is4s and Its amendatory tariff OF lso''
with. President Wilson ana tne con
Rressional trainers OF the law they ue
clared 1t was a competitive taF4H 1nu
freely expressed the convict'on 'a'
business would be invis orateo anu l.a,. su
tained thru-~1t operation. s .'s
were equally confident that at wou'~
AFFORD the government ample ..oo
:. a. roughly estimated that $780,
nno ooo worth Of merchandise held In
bond soon will be Withdrawn and pay
ment of duty made under the new law.
Compared with the yne-A1drich act
this viii mean q loss of $1O'o00O0o 10
the government. Treasury officials
maintained that these Withdrawals
would have no perceptible affect on the
business Of the country.
Regulations will soon be issued COW
ering tho tariff as whole and these
will be followed by specific rules re-
Rarding each intricate schedule.
Most Difficult Feature.
The most di61cult feature Of the new
act II the income tax provisions. This
venture VIII require the work Of ex.
merits 70 draft workable plan that
win insure the government receiving
its lawful dues from every taxable cit
izep. s.ssS-
& WiiIiam II. Osborn. commissioners OF
the internal revenue. today began the
task Of Formulating as simple = plan -
Wniie no oniesx1 announcement has
been made it - believed I. F. 9pser.
ofsBangor. Pa, at present chief OF the
CORPORATION tax division Of the treas
ury department, will be appointed dep
uty commissioner Of internal revenue
in immediate charge Of the income
tax.
Ready For Currency Reform.
President Wilson went to the golf
links early today and when he returned
to the White House shortly before
noon he found many telegrams con-
graduating him on the signing Of the
new tarin bill. With congratulations
came in many cases the sentiment
now for currency legislation"
In this spirit the president took up
the task Of accomplishing the second
measure Of his. administration. At the
White House and executive quarters
currency bill already passed by the
house will be passed by the senate and
signed by the president before many
weeks. The opinion prevails that If the
work is not completed before the De-
cember session Of congress, it surely
will be by Jan. 1.
Secretary Dryan Issues Statement.
Secretary Bryan today endorsed the
new tariff law as the best tariff meas
ure since the civil war and predicted
tho early passage OF the currency bill.
Mr.. Bryan issued this statement:
''The tariff law that went into force
last night il the best tariff measure
since the war and all who have taken
mart In preparing and passing 1t are
entitled to great credit. It is better
bill than we were able to pass twenty
years ago. and rejoice that political
conditions were such as to make the
present law possible.
..The Wilson bill was compelled to
carry ! burden that will not fall on
the present law and ought not to have
fallen on that law. The Wilson law
provided for an income tax which was
held: unconstitutional by divided vote.
the one majority having been secured
by q change Of opinion on the part Of
one Judge between the two hearings Of
the case.
0urdsns On Wilson Measure.
The nullincation Of the income tax
portion cf tie Wilson law reduced the
4oyernmant.s income until 1t would not
meet the expensee OF the government
and this compelled an increase OF in
dehtsdnss that threw on the bill An un-
deserved odlum which together with
the fact that the senate deprived the
bill of SONS OF it, best features and
robbed the party OF the benefits which
would ordinarily have come to It from
- ,.a,,a%1o,. A. innY,orf dlafiea Then