Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-10-07


onstrated.
The average man, who wanted lowe'
tariffs. will be looking now to SEE
whether a suit of cloths for the cole
winter costs any less. Probably it viii
not. There has been a cut in the du
ties on woolens but it does not go into
effect till January 1, after nearly eV.
ervl3ody has purchased his winter suit
and his winter overcoat. The deferred
date was thought necessary to enable
the manufacturers of woolens to dis
pose OF stocks now upon their shelves
, These and some other duties will dem
onstrate, sooner or later. to the aver
| age man whether prices are to fail.
! Manufacturers, iobbers and a great
! nun Der of other people, engaged IN
producing. will speedily learn another
aspect of the tariff situation. Big Dem
ocrats have been telling how tariff re-
cuctions will not materially hurt this
great contingent of American citizens,
uDon whom hundreds of thousands of
wage earners depend for their daily
stipend.
But as the new law gees into opera
ton, people with incomes of over So
600 must take notice. An income tax
Is now in force and the gatherers
thereof are getting busy II your IN
come Is more than that tmore than ST.
600 If YOU are married) an official from
the office of the internal revenue
commissioner will find you out
before long. Regulations too lengthy
to read have been sent cut to
all collectors of internal revenue
throughout the land. a searching in
ouiry will be conducted Employers
and many other classes of people, VINO
pay out salaries and incomes N vari-
ous ferns, are under responsibility to
keep The income tax gatherers advis-
ed.
The new law has been going into
operation pretty smoothly The big
tasks were anticipated as far as pos
sible Trained men were put into the
higher places. as for instance in the
office of assistant secretary of the
trea sury which has charge of customs,
II ,lit If n
sets. had served in that capacity un-
der the last Cleveland administration
under the William L. Wilson tariff
law. The commissioner of Internal
but he has been in Office several
months, long enough to famillarize
himself with conditions. 1t is worth
noting that internal revenue will Yield
more To the treasury now than Gus
toms. because of the income taxes.
Hitherto the government has relied
most upon customs for money to run
the federal establishment.
1t is expected that imports will be
large for a while, even though faeto-
ries in European countries are pretty
well occupied in taking care of home
orders. MANY dealers have ordered
from abroad in the hope that they
would get their goods into the coun-
try a little cheaper and on a quick
market realize a larger margin than
heretofore. In the big cities certain
stores are already advertising goods
under the new tariff as cheaper, thus
hoping to command the trade Of peo-
rle who have been interested in the
tariff changes. So eager were some
importers to get their goods upon the
counter, that they were unwilling TO
wait till Saturday morning. president
Wilson. it will be remembered, signed
the bill at 900 o'clock, Friday evening,
October g. He delayed till evening on
the advice of the attorney general, to
make sure that all custom houses IN
the United States had been closed Tor
the day The closing hour for these
offices is 5 o'clock but at San Francis
70. three hours later than Washington,
IL WAS 500 o'clock when the President
signed. The law went into operation,
accordingly, not on Friday but at 12.ol
A. NJ. on Saturday. From Boston there
came a request to authorize the open
ing Of the bonded warehouses at mid
night This Secretary of the Treasury
McAdoo denied sdmmarily. There We're
enterprising Boston merchants. who
wished to catch the Saturday after
moo trade IF the Hub with goods fresh
from foreign ports.
\ great juggling of guineas into the
treasury there is just now, because oil
tire enormous volume of goods being
released from the warehouses IN Bos-
, ton. New York and San Francisco
This is welcome, although the govern
nent is IN no great need of money
1t will be followed undoubtedly by a