The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1913-10-10

After being under consideration in
congress for nearly six months the
new tariff bill is law, and for the
first time in nearly a quarter Of cen
tury the country has a tariff law orig
mated by the Democratic party. Thu
bill will doubtless be known as the
Underwood-Simmon s bill, taking the
title from Chairman Underwood Of the
ways and means committee Of the
house and Chairman Simmons of the
finance committee Of the senate.
The sponsors for the bill say that it
will raise ample revenue. Chairman
Simmons has been advised that it will
Yield 4 surplus Of at least $4,000, 900
q year above current expenses. II 1t
does not meet the expenses Of running
the government the expenses viii be
reduced.
One remarkable thing about the pres
eat tariff bill, precedent, in fact IL
that the senate cut the average rate
Of duty carried by the bill below that
nxed by the house. Heretofore in the
making Of 4 tariff bill the house has
slashed the rates, while the senate has
= then taken up the bill and readjusted
the rates on q higher general average.
The house bill carried general av-
erage rate slightly below 30 per cent.
This the senate cut little over per
cent. The conference committee has
raised the general average duty but
slightly. The average ad valorem duty
carried By the bill a. perfected 10
about ~ Der cent. The average under
the present law u about IS per cent
Many Change Considered.
The conference committee had to
sdeal with 676 paragraphs on which
there were Engagements. Some OF
these involved only the change Of
word or q question Of punctuation. but
& majority Of them represented dif-
1erences in rates and a. few were run
damental.
The house conferees also accepted
the senate amendment fixing dates
when the wool duties shall 60 into ef-
feet. which was one Of the hnal STUN
bling blocks.
Raw wool viii 90 on the free list on
Dec. I, and the reduced duties car
ried BY the present bill will become ef-
foctive ON Jan. 1. The house bill pro-
posed TO make the wool duties effective
Immediately on the bill being signed
b. the president. The nnal action was
"A important concession to the manu-
1hcturen.
The senate won over the house also
On controverted paragraphs in the
schedule relating to cotton cloths and
yarns. BY this agreement slightly
higher duties are given to certain
cparser GRADES Of cotton cloths ant
yarns BY changing the classification.
Eur hats and frames. forms and 9th
q parts for the manufacture OF sucl
hats resolved Q rate Of Is per cent
This matter affects the hat industry II
Connecticut The house nxsd the rat
at % Der cent. the senate made 1t %.
The silk schedule also was reopened
and the rate on silk partially manufac
tured from cocoons or wastes. NOT tuf
tier advanced In manufacture tna'
carded or combed silk. and silk noili
vas reduced from 20 to 20 cents ~
sound
The Metal Schedule.
Probably no single industry covere'
~ the tariff bill suffered such rsduc
lions In duties - did the iron and stee
Industry. The house cut duties IN
cparinsly, and then the senate follow
a By making still further REDUCTION
and increasing the free list
The house. for example. placed
duty Of 3 per cent on pig iron. spisgs
cen, scrap iron and scrap steel an
me products and made ferro-magansa
suitable at 10 per cent The senas
D. liseed 18th Of them, and the CO..