Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1913-10-10
TARIFF BILLS SIGNED
PRESIDENT WILSON, ENcIRcLED
BY PROMINENT LEGISLATORS.
ATTACHES HIS NAME.
SHORT RESUME OF new LAW GIVEN
Purport of New Tariff Bill Is to Reduce
Cost of Living, But Consumers
Must Not Expect Prices to Go
Down for Some Time.

Washington.-Presi Wilson at
tached his signature to the tariff bin
October 3. Some little ceremony ex-
listed in connection with the tariff, the
president being surrounded by promi-
nent legislators of the nation. Wilson
made a short speech In which he de
clared a great work had been accom-
plished for the nation.
Following is a resume which indi-
Gates how the consumer will be at
fected:
First-It won't reduce the cost Of
living perceptibly at first. A good
many other things go to make up your
cost of living.
Second-The new tariff does untax
lot of things you use. A small frac-
ton of a cent was added by the old
tariff to nearly everything you eat,
wear and use. This new law takes off
this small fraction of a cent.
Third-You share the benefit of this
fact That eighty millions of dollars,
formerly paid by you and other con
sumers, will be raised by a tax on in
comes of $4,000 and upward.
Fourth-Your principal necessities
have been put on the free list. They
are, therefore, exempt from any fur
Their tariff tax. These articles are
meat, cattle, sheep, hogs, eggs, lard
white flour, buckwheat potatoes
shrimps, Holsters, fish, lumber, raw
wool, tea, coal, herbs for drugs, sole
leather, all manufactures of leather
including boots and shoes, harness and
saddles, rough furs, pig iron, typewrlt
ers, cement, cocoa, books, cheap ell
cravings and cheap pictures, cash reg
listers, nails, print paper, moving pic
ture films, tanning materials, barbed
wire and all agricultural implements.
Benefit the Farmer.
/ Five-For the benefit of the farmer
who loses his protection on wheat
eggs, flour, etc, the new law removes
the duty on all articles used by him
including wagons, plows, harrows
discs, fencing, cotton bagging, etc. By
making farming less expensive fooC
will, it is hoped, eventually be made
less costly.
|, Sixth-Sugar will be on the free lis
in three years. 1t pays the presen
tariff duties until next March and theI
it begins paying a cent a pound unit
, 1916, when 1t becomes free of duty.
, Seventh-Other articles will hav,
the tax reduced on them nearly one
half. At present they are taxed on thu
basis of twenty to fifty per cent o
their valuation at the customs houses
The present bill reduces this to &c pc
; cent.
: Eighth-For the benefit of mothe
| and the home the duty on hosiery ha
, been reduced to 25 per cent; blankets
should be somewhat cheaper. The.
were not put on the free list, but thu
duty has been materially reduced oil
them. A cut in cotton goods amount
to about 20 per cent. From the con
sumers point of view this will meai
more importations from France, Aus
tria. Germany and England of the high
er grade cotton materials used in max
ing childrens clothes and stockings
cotton and wooden.
Ninth-The amount of revenue whicl
it is estimated the new tariff will pre-
duce is $247, 100000. The income Ia
l provision is expected to add to thi
$50, 100000.
The reduction In the cost of livini
resulting from this tariff will be ten
dency rather than anything showing
itself in immediate change of prices
There should be a marked downwar'
tendency of price and marked checl
on trust control of the necessities o