Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-04-07
tcontlnued from First Paee)

each item, both the present tariff and
the proposed tariff had been reduced
10 an ad valorem basis. The first
figures show the present rates, the
second the proposed rates:
Cream of tartar, 25.45. 17S5.
Medicinal preparations. 1905, Bill.
Castor oil, 1919. Is.
Wash blue, $3.50, 10.
Saltpeter, 9.27, 6.S7
Common soap. 20, s.
Saleratus or bicarbonate of soda,
2l54v $50.
Sal soda, washing soda, 20.9S, 1925.
Borax, refined, 21.22, 1.3i.
Lime, e17. g.
China and crockery. not decorated,
IS, So.
Grindstones, s.21, $50.
Bicycles 49, rs.
Pocketknives. 1853, IS and SO.
Razors, 1926, IS and So.
Scissors and shears, 5377. 80.
Knives and forks, 41.sS. q.
Furniture, 35, 10.
Cattle. 27.07, 10.
Macaroni, ETC., 3425, 23.S1.
Rice, cleaned, 54.o5, 33.33.
Eggs, 1898, 1929.
Stocks, ETC., of fruit trees, b4.44,
2T5S.
Mineral waters, 1855, 80,
Spool thread 22.95, 15.
Cotton cloth, 42.74 1858.
Cotton clothing, so, 80
Stockings. hose and half hose, sell
vedged, 1888, 30.
Mems and boys cotton work gloves,
s9.17, IS.
Knit shirts, drawers. etc, and un-
derwear, 6027, 25.
Collars and cuffs, 1910, 30.
Blankets, 1888, rs.
Flannel 1929, 80
Clothing, ready-made, 1855 3d.
Women and children's dress goods,
1910, IS.
Sewing silk, rs, 10.
Wrapping paper, 30, %
Books, 20, Is.
Brooms, 49, Is.
Matches. 2759, IA.
Harness and saddlery other than
leather 80. 90
India rubber, manufactures of, 49,
TO-
Lead pencils, 80, 20.
The new rates are estimated TO re-
duce the customs revenue approx
mately $50, 100000 a year. This Is ex-
nected to be made up by the income
tax.
Endorsed by President Wilson, the
measure represents the efforts of the
President and the House tariff makers
to carry into effect Democratic
pledges of downward revision and OF
concessions 10 the American con-
sumner.
Protection TO the farmer would be
cut throughout by more than so per
cent. in an effort to reduce the cost
OF food
Protection TO the steel and imple-
ment manufacturer would in turn be
cut by fully as wide a margin.
Reduction on Necessities.
Heaviest reductions fall upon food
stuffs. agricultural products. wooden
and cotton clothing
The free wool proposal, backed by
President Wilson and accepted by the
House committee, is expected to pro-
woke a severe fight within the Demo-
cratic ranks of both Houses. 1t had
not become clear today whether the
Democratic opponents of free wool
and free sugar in the Senate would
he able to force n compromise on one
or both those provisions.
The decision to make gradual re-
duction in the sugar tariff was
reached by the President and the
House committee after Louisiana
cane growers declined to accept a
compromise that would have estab-
Iished one cent per pound tariff
for three years with free sugar in
1915.
The income tax, which will transfer
indirect taxes levied through the
tariff into a direct tax upon the in
comes of individual citizens and cor
porations, exempts all sums below
$4,000. Incomes in excess of that
amount will pay | per cent. tax up
TO $40 900, per cent. from $4,000 TO
$4,000. per cent. from $4,000 to
100000, and 4 per cent. above that
figure.
Corporation Tax Stands. '%g
The present corporation tax. levy
ing per cent. on corporation incomes
above So. 900, would be retained as part
OF the income tax.
TO encourage trade with foreign
countries, the bill would reverse the
maximum and minimum provision of
the present tariff law. The new tariff
rates would be the maximum tariff
and the President would be given
authority TO negotiate reciprocity
treaties and make concessions to
countries that grant favors to Amer
lean exports.
In statement accompanying the
bill, Chairman Underwood said the
measure would, in the opinion of it's
makers, revise the tariff Ito a basis
of legitimate competition. such as
will afford a wholesome influence on
our commerce. bring relief to the
people in the matter of the high cost
of living, and at the same time work
no detriment to properly
manufacturing industries"
I'm it's tariff revision work the COM
mittee has kept in mind" he said,
''the distinction between the necessi-
ties and the Injuries of life, reducing
the tariff burdens on the necessities
TO the lowest points commensurate
with revenue requirements and max
ing the Injuries of life bear their