Norwich bulletin., 1913-10-07

After being under consideration in congress for nearly six months the new tariff bill is a law, and for the first time in nearly q quarter of cen tury the country has tariff law orig mated by the Democratic party. The bill will doubtless be known as the Underwood Simmons bill, taking the title from Chairman Underwood of the ways and means committee of the house and Chairman Simmons of the finance committee of the senate.
 The sponsors for the bill say that it wiIi raise ample revenue. Chairman Simmons has been advised that.it will yield a surplus of at least $16,0O0,00 R year above current expenses If it dses not meet the expenses of running the government the expenses will be reduced
 One remarkable thing about the pres ent tariff bill, a precedent in fact, is that the senate cut the average rate of duty carried by the bill below that fixed by the house Heretofore ia the making of a tariff bill the house has saas5ed the rates, while the senate has
 
 then taken up the bill and readjusted the rates on higher generaI average
 The house bill carried general av- craze rate slightly below % per cent. This the seaate eat a little over per cent The conference committee has raised the general average duty but slightly. The average @d val0rem duty carried by the hili as perfected is about g per cent The average under the present law is about 35 peg cent-
 Many Changes Considered.
 The conference committee had to deal with 676 paragraphs on which there were disa&rpaEnsats. Some of these involved only the change of word or a question of punctuation, but a majority of them represented diff ferenccs in rates and few were fun damental
 The house conferees also accepted the senate amendment fixing dates when the wool duties shall go into eff feet, which was one of the final stun bling blocks.
 Raw wool will go on the free list on Dec 1, and the reduced duties car ried by the present bill will become eff fective oR Jan l. The house bill pro posed to make the wool duties effective immediately on the bill being signed by the president The final action was an important concession to the manu- f2ctnrers.
 The senate won over the house also on eontrOYerted paragraphs in the schedule relating to cotton cloths and yarns By this agreement slightly higher duties are given to certain cOsrser grades of cotton cloths and yarns by changing the classification
 Fur hats and frames, forms and oth- CT parts for the manufacture of such hats received rate of 45 per cent This matter affects the hat industry in Connecticut The house fixed the rate at 40 per cent. the senate made it 45.
 The silk schedule also was re0pened, and the rate on silk partially manufac- tuFed from cOcoong or wastes, not fur ther advanced in manufacture than carded or combed silk, and silk noi1s. was reduced from 50 to 20 cents Der pound
 The Metal Schedule.
 Probably nO single industry covered by the tariff bf1i suffered such reduc~ tiOnS in duties as did the iron and steel industry. The house cut duties un- spaKlng1y. and then the senate follow cd by making still further reductions and increasing the free list.
 The house. for example, placed a dNty of 8 per cent on pig iron. SDiegsi, Sen. scrap iroR and seEaS steel and like products and made feKEO- O-naaganess dua1abae at E peF cent. The senate free listed hOth of them. and the eon- ference committee after considerable deadlock yielded to the senate,
 The sema&@ stsO free listed slabs, blooms, loops and 0tAeF products of tnOa na69e advanced than pig jEOB, which tho house had Raade daltia15ls at 8 Deg cent. TYhe conference agreed t6 this. The senate cut tho duty oa EoNnd Iron or steel wiE@ ffRa % per cent tA the hease b5dl to IS per cent, and the conference accepted the senate FA&ae- 10n,
 AsFiN&aAHRaa Schedule
 The conference @Oaaa34aa$t@e 2gEeed sO the s9mak9 a4Rena1aeAf, 9RhiGh sfFR&k Oat tho 10 Der @@at daatB SO4 cattle PEe- vided by the house ba4 aRd the 10 ser cent rate 0R sheep aAa transferring both t0 ths fE@s list. FhR GogAaEeaee communities alsS Beat -wh6aat ca th@ fEes lis4y where tEhe SeRaAe haG placed it, by stIfkaRg &aE a A,a@y Nf 10 cents a kvss6ed provided sey itRsa hESEss lsf4R.
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