The Birmingham age-herald., 1913-06-12
SENATE CHANGES IN
TARIFF BILL CAUSES
BIG REVENUE LOSS
Proposed Transfers Work
a Loss to the Government
of 81, 100000 Annually
MAY TAKE UP THE
COTTON SCHEDULE
Finance Committee Opposes Publica-
tion of Detailed Changes in I'm
derwood Bill Approved on
Recommendations

Washington, June 1l-Changes In the
Underwood tariff bill by the Senate
finance subeommittees, transferring pro-
posed dutiahle articles to the free list
will aggregate an estimated annual loss in
revenue to the government of nearly
81, 500, 900 a year
This curtailment of the total estimated
revenue under the House bill Is based
only on articles known to have been trans
ferred to the free list thus far upon sub
committee recommendations ami does not
take into account decreases in duties
which will be proposed on many articles.
Added to the S25, 100000 and estimated loss
In revenue under tie House bill free lisG,
this would aggregate s26,5oo,oOo.
Hemp Is Transferred
Included in the Senate list are the rev.
enues that would be derived from hemp
which the Underwood bill makes dutiab BILE,
but which the Senate subcommittee toda :
decided should pe transferred to the free
list. Hemp will be sent to the caucus on
free list ON the ground that it belong;
there If other products of the farms sucu
as cattle and wheat are to be free listed.
as 1t would result II cheaper twine to tie
farmers and compensate them somewhat
by reducing their harvest expenditures.
Hemp. both plain and hacked, the sub
committee proposes to remove from the
dutiable list, the former from s11.20 a ton
and the latter from cent a pourd in the
Underwood bill
Some of this loss In revenue may lie
made up by countefVaiing duties on GER
tain agricultural products, but this
amount. it Is estimated. will not be largo.
Among the articles which the Senate
subcommittee have added othe free
list and the estimated revenues cut off,
are. Pig iron, $1250O0 ferro manganese
and spiegeleisen. s126, 500; hemp, SIS, 400;
live stock, s5s3,000: wheat, 100000; photo
graphic films, $4,000, cedar wood $40, 900
coal tar dyes, S90.0-a total of 81, 417900.
Today the majority members of the
finance committee opposed publication al
this time of detailed changes in the I'm
derwood bill. approved by them on sub
committees recommendations.
May Change Cotton Schedule
The committee today had under consid-
GRAFTON the changes in the cotton schedule
proposed by Senator Johnsons subcom-
mittee. Most of them were approved but
one or two matters were referred back to
the subcommittee Tor 1urtner cOnsldera
ton. In this schedule the net result of
the altered rates will increase the average
cotton rates in the Underwood bill about
per cent. the principal changes affecting
cotton yarns. This is probably the only
schedule in which Senate action will re-
suit in an increase.
The metal and earthenware schedules
were considered for time today, but dis
cussion on them was continued until to-
morrow.
Senator Williams subcommittee is still
working ON the income tax and admins
trative provisions of the bill, but expects
to report tomorrow. 1t has been decided
to eliminate, the anti-dumpinb clause and
the per cent tariff discount on imports
on American ships, and some modifca-
ton will be reported of the provisions
directing foreign manufacturers to sub
init their books when valuations are in
dispute. The income tax also will be
modified to give mutual life insurance
companies an opportunity to claim ex-
omptlon by proving they are not conduct
ed for profit