Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-10-03
WILSON TO SIGN
TARIFF TONIGHT
CONFINED from Firs, pase.)

of the country to adjust Itself even
In a general manner to the new law.
but it will require months before all
the intricate problems concerned i'll
its enforcement are settled.
Joseph w. Folk, solicitor of the
state department, in a letter sent to
Senator Simmons, chairman of the
Senate finance committee, has fur
nished a list of countries having
treaties with the United states which
would be affected if the United States
enforced the provision of the tariff
bill giving a five ger cent. rebate in
tariff ON goods brought in American
ships. Congress has amended the
bill, however, SO that countries now
bound by treaties on the subject
shall be exempt from the provision of
the new law.
Many Countries Exempt.
Among the countries thus exempted
are Austria Hungary, Italy, Japan.
Belgium, Denmark Greece, Neither
lands, Spain, Norway and Sweden,
all heavy exporting countries to the
United States.
Treaties with Great Britain. Costa
Rica and Honduras contain modified
restrictions. which apparently would
prevent the tariff discrimination
against goods that are the growth,
product or manufacture" of the coun-
try exporting them.
There are large number of coun-
tries named by Solicitor Folk that
have no treaties with the United
States protecting them against the
proposed discrimination. These in
clude Germany. Brazil, France, Mex
ico China. Russia. Switzerland and
a number of smaller nations. Mer-
chandise brought to the United States
from any of these countries in Amer
lean vessels will receive con-
cession of per cent. from the tariff
on similar goods brought in foreign
bottoms
President Wilson's signing of the
Underwood Simmons bill at 9 o'clock
tonight will bring into effect one of
the most far-reaching revisions of
| tariff rates and revenue laws enacted
| for many years.
| A new income tax, applying direct
| ly to the incomes of citizens; the
| abolition of all tariff on scores of
items of immense Importance to
American industry and American
consumers and a heavy reduction of
| tariff rates on most of the articles
| in general use in this country are its
| chief features.
| While certain portions of the new
| law do not take effect at once, most
| of it's provisions and almost all the
direct tariff reductions do.
| At every port collectors of customs,
| appraisers of merchandise and hun
| dreds of other employees of the
| Treasury Department will plunge at
| once into the task of collecting the
| nations revenue on a new basis, and
with hundreds of new classifications
and new provisions of law to COM
! plicate their activities.
| VIII Greatly Reduce Revenue.
| The Federal government has been
| spending nearly $1,000 900 a year
and the new tariff law will raise
| less than one-third of that sum. Re-
| cent estimates by tariff experts in
Congress predict that the rates will
raise S249, 600 900 a year and that the
! income and corporate taxes will
raise s122, 100000. The remainder of
| the governments great income is
| made up principally of internal rev.
enue taxes and postal receipts.
! The income tax probably will bring
| the new tariff law most forcibly to
| the attention of citizens. President
| Wilson and Democratic leaders in
| Congress believe, however, that the
| reduction of duties on clothing, food
stuffs and other necessaries of life,
and the complete removal of the duty
| from many like articles, will eventu
| ally bring a reduction in the cost
| of living" without materially affect
| ing business prosperity.
Summary of the Law.
A brief summary of the new tariff
law as prepared for the Senate fol-
| lows:
Average percentage of tariff rates
| as compared to the value of all i'm
ported merchandise-Old law, 81 per
cent; new law, q per cent.
| Value of annual imports added to
| the free list, STAT 100000.
| Estimated revenue from all import
| rates-Old law, $S05,000, 900; new law,
| $249 000, 600.