The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1913-10-10

xe,ision bill arrived at it's last con-
r.,sional stage when it came back
- tho house from the final conference
.nmittee with the unanimous in
Easement Of the Democratic con
ferees.
THE measure, of course, has both its
stands and enemies. According to
.ha administration, 1t carries out
sour Of the party promises. Tariff re-
s,rm reduction in the high cost of
nvins campaign against the trusts, In
nat duties have been taken off of
many trust made article. and the in
come tax.
The measure, consequently. has q
.rger Importance than that of a mere
..rif reform bill, and its effect must
=. widespread, both on business and
,,dustry. and also In connection with
%,olitics. Democratic leaders are con.
sdent that business will suffer no un-
,ouard effect; that consumers will be
benefited.
The bill imposes an average ad
v.loren rate of from 81 to 20 per
cent. The average for the present
Aldrich law is .40.12 per cent. The
average for the Wilson-Gorman act
vas 3945 per cent.
Duties generally have been reduced
an all of the articles hat enter into
tbe necessaries of life, including the
products of the farm as well as manu-
factured products.
Trust made products in many cases
have been transferred to the free list
or the duties at present imposed have
been substantially reduced.
The income tax feature OF the bill is
expected to net some $685. 900, 00O. 1t
will call for a tax on net incomes Of
Unmarried persons of $4,000 and up
wards and IN net incomes of married
persons living together. where the
wife or husband is dependent, OF 81.
t0O and upwards.
Experts estimates indicate a sur
Illus Of SIG. 200, 900 over all expend-
ttures at the end of the present fiscal
year.
A rate OF 40 per cent. is imposed
On stockings and half hose valued at
not more than 70 cents a dozen pairs.
For stockings between 20 and $1.20
q dozen pairs a duty OF 40 per cent.
vas agreed upon.
The conferees eliminated the provi-
sion inserted by the senate denying
entry into the American market Of
goods manufactured by children under
II years OF age. :
The final agreement provided that
any person employed to collect the in
come tax may be utilized by the sec
rotary Of the treasury in the general
service OF the internal revenue bu-
rau.
Agricultural Products and Provisions.
Cattle, sheep and other domestic an.
finals suitable for use as food, wheat
and wheat products and eggs, have
been transferred to the free list. Re
auctions have been made on oats, but
ter, beets, frozen eggs, peas. green
house stock, zante c%urrants, choco
hte and cocoa sweetened and extracts
Of meats from the rates provided by
the house. The rates have been in
creased over those provided by The
house on broken rice, fish packed il
oil and ground spices. A rate of q
Der cent. ad valorem Is placed OF
ground spices in addition to the spe
cifc rate provided by the house OF
unground. The senate receded from
the reduced rate placed on fiaxsee'
and its amendment placing a duty oil
bananas. The house classification oil
lemons and other citrus fruits is &C
copied.
Papers and Books. .
The house rates have been reduced
On common paper, box, boards. paper
partly covered with metal leaf o
g~elatine and plain basic papers TO
albumenizing for Photographic print
Ing. The rates provided by the nous
covering boxes has been increase
nom 35 to 40 per cent. The senat
amendments placing specific rate
graduated according to thickness an
size have been agreed to with sever
reductions in the rates provided. TIL
>rates agreed to are approximate
equivalent to the ad valorem rate
provided in the house bill. A specih
rate has been placed on lithographi
views Of scenes and buildings Il
Gated in the United States instead
the advalorem rate provided by tn
house. This amendment results in a
Increase In the rate OF duty.
Cotton Manufacturer.
Tho senate classification Of cotto
cloth. according to the average nun
Der Of the yarns contained thereil
vas accepted. instead OF the hous
provision for the highest number. Tn
slightly decreases the rate OF son
fancy weaves and novelty cloth. b.
on the greater bulk Of cotton cloth tt
rate is not affected. The rates c
olesched and dyed colored yarns a
h.-L-a Nil Dt-L Man