Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-10-03
Long and Bitter Fight to Ab-
Oliah Protective sssiem az
Import Duties Ended Thss
Afternoon.
UNDERWOOD Law PURELY
MEASURE FOR REVENUE
Estimated Government VIII
Receive 24o Millions al
Customs Houses and l22
Millions from Income Tax.


fny Loaatd WIRE 10 Evening untaf,i. +
WnahInSlon. ocL sThe house
agreed io tho TARIFF blll conferenca
report "a f:2a today. constituting the
final action Of that body On lhe tar-
~ bin. speaker Clark oyerruled ga
points Of order made b membera.
who commended chat further acsion 81
tho houao was NOS necessary.
vice President Marshall s;gned the
Siil az t:sa.
Speaker Clark immediately afier4
ward signed the bin. af6lxlns ms slg-
nature at 1856 o'clock. Cheers and
applause greeted tho final action of
the house.
The completed bin was sent On ~
way 20 the senate Cor the signature
Of the vico president, when Il VIII na
ready Tor lranNlnissl0n 10 inc WnHo
House. where the pfsmdent viii HiRn
Il Rt osrlock tonight
The SIGNING Of tho Ind6rwooA@
Simmnna hili hflnae inlp effcef tnn
of The most far-reHchinF fNtiSINAa 81
thrift rates and reyenue laWe enacted
Tor many yeiefa.
A new income tax. applying dlroct-
~ 10 lho lneomcs 81 citizens: lho
abolition ol all tariff on acoren OF
items Of immense Importance TO
American Industry and American
consumers and a heavy reduction of
tariff rates on most of she afticles
IN general use h this country ero l1a
chief features.
While certain portions " the new
law DO not take effect al once. moft
OF It's provisions and almost nll tho
direct tariff reductions do.
AZ every port collectors ~ cnatome
appraisers of merchandise and huu-
dreds Of other employees Of the troas-
ury department viii plunge AZ once
into the task of collecting tho na-
tion's revenue on u now hasla and
with hundreds Of new classificniloag
and noW provisions Of law 10 compii-
cate their activities.
The federal government has been
spending nearly q billion dollars 4
year and the new tariff law viii rel4a
less than one-third of that sum. Re-
cent estimates by tariff experts In
congress predict that the rates Will
raise f2ts. 100000 a year; and thar
the income tax viii ralao s1ea.0oo.-
O00. The remainder Of The eavern-
ments great income ia made 40
principally of Internal revenue taxes
and postal receipts.
The income tax probably win bring
the new tariff law moel fofcihly ~
the aiieniion of cstlzans. Pgeaident
Wilson and Democratic leaders ~
congress believe. however. that lhe
reduction Of duties on clothing, fond-
atufls and other necossarica of life.
and the complete renewal Of the duty
[ from many like nfticiea viii evcnfn-
ally bring "A reductions IN the ''esisf of
/ living without materialiy affecting
( business prosperity.
/ a brief summary az the now tariff
law as prepared for the senate foi-
T lows
Average percentage OF tariff rates
os eompaFed 20 the Vaile % az Inns
ported merehandise, ola law. 81 per
cent; new law. 27 per cent
/ Value of annual imports added ia
the free list. fit7,0e0. 600.
! Estimated revenues from an im-
port rates. Ola law. sO5.00o. .00os
7 new law. e249.0O0. 600.
1 Estimated revenue from corpora
I tions ana income taxes; old laWs
/ fSi,eeaOo0i now law. Ia2. 2.000.NoQ.
altogether. cnnsumcfa in the unlt-
"a states probably wlll receive from
abroad free ~ eii tariff more thnn
Si.u4oo 100000 worth 0f merchandlao
during the next year.
During igt2 tho alnounl b Stree
Imports" WAS more than tss0.00o.-
0od. and when the tariff is entirety
removed from wool susRr iron ORE
and cheap iron. and other important
items, tho total o. expected a. ln-
crense notably Cnder ihe oid iaw
more than 90 nor cont ~ all goods
brought 90 tho United sihtea from all
paftt OF the world pn.d no tariff and
that proportion VIII oo increased BY
ihe new law.
the iroe wool provision ~ ine new
law takes efloct uetemher 4. 1875
me ifoo sueor provision May 4 l9i4.
Tho new tariff law raMf1 iour
years after President 1nfi slenH4 shn
eAltlnH Peyne-Aldr|rh laM i iht
suli % more than u'ne mNa'Ns of
work in eunsre 'otfIn we've
sihrea iennpft 8. nf lna HAH WHtH