The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1913-09-13
HOUSE PROVISIONS RETAINED.
BILL PASSES SENATE WITH FEW
IMPORTANT CHANGE FROM
HOUSE.
Sugar and Wool Rates Remain the
Same-Ad ValOrem Rate Reduced
Two Per Cent-IncCme Tax Rate
Incrcascd-Chan.es Made in SEN
ate.

Washington, Sept. 9.-The tariff
bill! 1s it passed the senate today re-
tanned the principal house provisions
including free sugar and free raw
wool, but revised other rates still
further downward. The average ad
ValOrem rate in the bill is now ap-
proximately 26 per cent, decrease
Of 2S per cent from existing rates and
nearly 4 per cent lower than the rates
Of the house bill.
The senate's additions to the house
free list with 1912 as a basis will cost
the government more than $4,000
600, but by adding a tax of one-tenth
of 1 cent pound on cotton for future
delivery, a tax on bananas of one
tenth of J. cent a pound, restoring the
requirement of a full internal revenue
tax of $1.1O a gallon on brandies used
to fortify wines, and by increasing
the surtax rates on large incomes,
senate leaders believe they have pro-
vided an actual increase. That is a
point disputed by Majority Leader
Underwood of the house. The senate
made these other important changes
Lowered the normal exemption
from the per cent income tax from
$4,000 to $4,000 for single persons,
with exemptions for wives and de-
pendent children; exempted the in
comes of mutual insurance companies
which revert to the benefit of stock
holders; increased graduated surtax
on large incomes to a maximum of
per cent on those more than $500, 900;
exempted incomes of municipalities
derived from operation of public utili-
ties and changed the date from what
the tax shall be computed for first
year from January / to March /.
1913.
Free listed cattle and other live
stock, wheat, hair OF the angora goat
and some other agricultural products;
restored oat meal and rolled oats to
the dutiable list and provided an
elaborate inspection of meats.
Reduced house rates on wooden
manufactures to become effective
January /. 1914.
Provided in the sugar schedule for
immediate abOlishment of the Dutch
standard test; postponed operation Of
proposed reduced rates until March j,
191" leaving the provision unchanged
FOR free sugar in May, 1916.
Slightly increased rates on finer cot
ton goods, reclassifying the whole
cotton schedule and changing the silk
schedule from an ad valorem to a
specific basis.
Provided for an administrative
force to handle income tax collections
without regard to requirements Of tho
civil service.
Struck out a cOuntervailing duty on
wood pulp.
Greatly reduced rates of the metal
schedule.
Struck out many reform provisions
in the administrative section; reject
ed the anti-dumping clause; the 5 per
cent tariff reduction on imports in
American vessels and the requirement
for Introduction of books of foreign
manufacturers in under valuation
cases.
Added a provision giving the presi.
dent athority to retaliate against ma
tions which are against American
goods by proclaiming increased rates
on certain goods; adopted a provision
excluding goods manufactured chiefly
by child labr and provided for the
creation Of q commission to revise the
customs laws.