The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1913-04-07
GREAT SLASHES MADE
BY THE NEW TARIFF
And to make up the deficit that will


result In the national revenues, the
committee included in the bill the
long promised income tax measures
which levtes taxes of one percent an
nually on all incomes in excess of $4,-
900 and surtax OF one percent extra
on the excess OF incomes over SEQ, 900
and not exceeding $4,000; two per
cent extra upon the excess OF in
comes over $4,000 and not over $780,
600; and three percent upon the ex-
cess OF incomes over 100000. This
provision the committee estimates
VIII increase the revenues not less
than $12S,o00,o00 annually and the
amount may reach s175,o00, 900.
The chemical schedule shows heavy
reductions. Boracic acid is cut from
1870 to 21.4S percent; glue from 35.OS
to 14.Ss percent; red lead from 60.35
to 25 percent; medicinal preparations
are cut from rs to 15 percent.
Rates on all brick have been cut
from 30.33 percent to 1928 percent;
tile from 47.S4 to 1886 percent; as
phalt from 37.05 to s.62 percent; or
dinary earthenware from 2487 per
cent to 10 percent; window glass
from 1888 to 1881; while plate glass
which the committee classed at lux
ury, Is rated at duty of 40 percent.
In the metal schedule the commit
tee made drastic slashes, cutting pix
iron and slabs from 1879 percent to
percent; beams from 232o to 12 per
cent, and forgtngs from 80 to 15 per
cent. Steel rails go on the free list
absolutely.
In the lumber schedule, sawed
boards, other than cabinet wood, are
listed free; sawed cabinet woods are
reduced from 12.75 to 10 percent:
barrels from 30 to 1477 percent and
house furniture from 35 to Is percent.
In explanation OF the action on SUI
gar the committee says:
The action shows an application
ef#s7the commercial conditions in
volved and the committees desire to
respond to the public demand for free
sugar The plan as provided in the
Dill Is to reduce the present sugar
rates by 70 percent with the further
provision that three years from the
enactment OF the bill sugar goes on
the free list"
/ The so-called dutch standard. ia
eliminated from the sugar schedule.
The present duty OF o5 of one cent
per pound on sugar, testing by the
polariscope not above rs degrees, is
reduced to II of one cent a pound.
For each additional degree by the
polariscope test the rate is reduced
from 35 to 26 one-thousandths of one
cent per pound additional; forty de-
grees molasses is reduced from 20 to
l5 percent The same percentage or
decrease is shown on all kinds of mo-
lasses.
No change is made in the tobacco
and spirits tax, but there is a sweep
Ing revision OF the rates on agricul.
tlral products. The duty on horses
Is reduced from 20 to 10 percent:
sheep from 16.41 to 10 percent; cattle
from 26.07 to 10 percent; barley from
LOS to 23W percent; macaroni from
S4,26 to 23,s1 percent; hay from 1921
to 26.67 percent; fruits from 27.21 10
1888 percent; lemons from 88,S5 to
A,03 percent; live poultry from 1910
to SGT percent; and vinegar from
1908 to 1888 percent. Other changes
are in proportion and the general ef
feet has been to reduce the heavy
taxes on imported foodstuffs.
! 1t is impossible to estimate exactly
what the cut on cotton really amounts
to because OF the classifications, but
cotton thread drops from 3164 to
1929 percent spool thread from 1926
to Is percent; cotton cloth from 42.74
to 1868 percent; water proof cloth
from 5o.56 to 26 percent; ready made
cotton clothing from so to 80 percent;
collars and cuffs from 6403 to % per.
cent; handkerchiefs from 5927 to 80
percent; stockings from 75.3S to co
percent; gloves from 8917 to 35 per
cent; underwear from 6o27 to 25 per.
cent; cotton damask from 40 to 2s
percent. Linen rates are also sIashed,
raw flax and raw hemp being reduced
from $22.4o per ton to s11.20: iute
yarns from $3.50 to IS percent; oil
cloths for floors from 1920 to Is per-
cent, and handkerchiefs from so to 35
percent
In silk and silk goods the commit
tee transfers the duty from the specific
to the ad valorem basis, but declaring
that though silks are luxuries. the
rate cut has been small, averaging
from about 12 to Is percent.
Print paper goes on the free list
where it is worth less than 1-2c per
pound and the higher grades have
been reduced from 1880 to IL percent.
All papers are reduced, common
wrappings from 35 to % percent; and
books from 25 to 10 percent.
In the great mass Of sundries there
has been general reductions, one OF
The biggest being in brooms which are
reduced from 40 to Is percent.
q 1t is on the necessities of life that
. the reductions are most sweeping.