The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1913-10-25

After being under consideration In
congress for nearly six months the
new tariff bill is a law, and for the
drst time in nearly q quarter of a cen
fury the country has a tariff law orig
mated by the Democratic party. The.
bill VIII doubtless be known as the
Underwood Simmons 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
win raise ample revenue Chairman
Simmons has been advised that 1t will
yield q surplus of at least $16 O00,O 900
a year above current expenses If IL
does not meet the expenses OF running
the government the expenses viii be
reduced
One remarkable thing about the pres
emit tariff bill, a precedent, in fact. is
that the senate cut the average rate
of duty carried by the btu below that
fixed by the house Heretofore in the
making of a tariff bill the house has
slashed the rates, while the senate has
then taken up the bill and readjusted
the rates on a higher general average.
The house bill carried a general av-
CLAES L1AC SAA8AIAJ V<AOW OO kf%A Cent
This the senate cut q little over 4 per
cent. The conference committee has
raised the general average duty but
slightly. The Average ad valorem duty
carried by the bill as perfected 10
about 81 per cent The average under
the present law is about IS per cent.
Many Changes Considered.
The conference committee had to
@S<z11
there were disagreements. Some of
these involved only the change Of
word or q question Of punctuation, but
majority Of them represented diff
ferences In rates and a few were fun
AamentaI.
The house conferees also accepted
the senate amendment fixing dates
when the wool duties shall go into eff
feet, which was one of the final Stun
bling blocks.
Raw wool win go on the free list on
Dec. /, and the reduced duties car
ried by the present bill viii become eff
fect1ve on Jan. I. The house bill pro
posed to make the wool duties effective
Immediately on the bill being signed
by the president. The final action was
an important concession to the manu-
xactuFers.
The senate won over the house also
ON eontroverted paragraphs in the
schedule relating to cotton cloths and
yarns. BY this agreement slightly
higher duties are given to certain
coarser grades of cotton cloths and
yarns by changing the classification.
Fur hats and frames, forms and 9th
gr parts for the manufacture Of such
hats received a rate OF 45 per cent.
Y.e1s H..
Connect1cut The house fixed the rate
at 40 per cent, the senate made It As.
The silk schedule also was reopened,
and the rate on silk partially nnanufac-
tured from cocoons OF wastes, not fur
ther advanced In manufacture than
carded or combed silk, end silk noiIs,
was reduced from 80 to 20 cents per
pound.
The Metal Schedule.
Probably no single industry covered
by the tariff bill suffered such reduc-
tons in duties as did the iron and steel
industry. The house cut duties I'M
spertngly, and then the senate follow
ed by making still further reductions
and increasing the free list.
The house, for example, placed a
duty of per cent on pig iron, spiegel-
sen, scrap iron and scrap steel and
Ike products and made ferro-naganese
dudable at 10 per cent The senate
Srmp Hak~d Ao<h of them. and the. con-
ference committee after a considerable
deadlock yielded to the senate.
The senate also free listed slabs,
blooms, loops and other products Of
iron more advanced than pig iron,
which the house had made dutiab1e at
8 per cent The conference agreed to
this The senate cut the duty on round
Iron or steel wire from 20 per cent in
the house bill to Is per cent, and the
conference accepted the senate reduc-
HON
Agricultural Schedule.
The conference committee agreed to,
the senate amendment, which struck
ont the 10 per cent duty on cattle pro-
Eided BY the house bill and the 10 per