Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1913-04-08

Dallas, Texas. ~"
per cent and on cotton damask from l0
per cent to % per cent.
Schedule X, dealing with woods n
wool manufacturers has been the center
of criticism for many years and the com
mittee has given it careful study. The
result has been to make raw wool free
Of dutv. to reduce yarns from 1913 per
cent to 20 per cent, blankets from 900
to - per cent. f~iannels from $3.50 per
cent to % and 80 per cent, dress goods
from 900 per cent to 80 per cent, cloth
ing from 1856 per cent to 30 per cent,
Weddings, etc. from ST. per cent TO 80
per cent and carpets from rates ranging
from 60 per cent to 50 per cent.
The new rates are estimated to tduce
the customs revenue approximately
$50. 0 900 a year. This is expected 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
to the American consumer.
Protection to the farmer would be cut
throughout by more than % per cent, IN
en- effort to reduce the cost of foods.
Protection TO the steel and implement
manufacturer would in turn be cut by
fully as wide a margin.
Heaviest reductions fall upon food
stuffs. agricultural products, wooden and
cotton clothing.
The free wool proposal, backed by Pres
ident Wilson and accepted by the house
committee, is expected to provoke Il Sc
we're fight within the Democratic ranks
of both houses. 1t had not become clear
whether the democratic opponents OF
the free wool and free sugar i'll the sen
ate would be able to force a compromise
on one or both those proviSins.
The decision to make gradual reduction
in the sugar tariff was reached 10y tn"
president and the house committee after
Louisiana cane growers declined to &C
ccpt a compromise that would have es-
tablishcd a one per cent per pound tariff
for three years with free sugar in 1916,
The income tax which will transfer
indirect taxes to be levied through the
tariff into a direct tax upon incomes of
The individual citizens and corporations
tXcmpts all sums below $1,000.
Incomes i'll excess Of that amount will
pay one per cent tax up to 100000, two
per cent. from $4,000 to $4,000 three per
cent. from $4,000 to 100000 and four
per cent. above that figure.
The present corporation tax, levying
| per cent OF corporation incomes above
5000 would be retained as part of the
income tax.
To encourage trade with foreign cOun-
tries. the bill would reverse the maxi.
mum and minimum provision of the pres
cnt 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 fay
or to American exports.
In a statement accompanying the bill
Chairman Underwood said the measure
would, III the opinion of its makers, re
wise the tariff ITO a basis of Legitimate
competition. such as will effect a whole
some influence on our commerce., bring
ing relief to the people III the matter OF
the high cost of living and at the same
time work no detriment to properly con
Quoted manufacturing industries"
In its tariff revision work the commit
tee has kept in mind he said, the dis
t~inction between the necessities and the
luxuries of life, reducing the tariff bur
dens on the necessities to the Lowest
points commensurate with revenue re
quirements and making the luXuries Of
life bear their proper portions of the tar
IF responsibilities. Many items of manu-
features controlled by %monopolies have
been placed on the free list"