White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1913-09-14

There has been no Weakness mr. Don
fusion or drawing back. but a states
mahilke direetness and command of
circumstances. am happy to have
been connected With the government
OF the nation at a time when such
things could happen and to have
worked in association with men who
could do them.
Ihere is every reason 10 believe
That currency reform will be carried
through with equal energy, direct
ness and loyalty to the general in
terest. When that is done this first
session of the sixty-thlrd
viii have passed into history with an
unriyaled distinction"
La Toilette, in view of his action
In voting for the bill is quoted as
follows:
i realize what ! did was a political
sacrifice, but that within me COM
PEELED me to vote for the bill. The
tariff act of 1909 was but little short
Of a crime; the bill passed today is
not a Democratic measure, but Is a
protective measure. Every change
made by the finance committee was
made by way of adjustment 10 a pro-
%tectiye basis, except such as free wool
and free sugar, which were determin-
ed upon outside.
They treated the agricultural
schedule. / regret to say, on a free
trade basis, and ! would have retain
ed more duty on cutlery and some
! other articles on which there is no
data, in order TO be sure not to ruin
American production. Give the
Democrats time and they will put
everything on a free-trade basis, but
they have o done il in this bill"
As 1t passed the senate the tariff
bin represents an average reduction
of more than 4 per cent from the
rates of the original bill that passed
the house and nearly IS per cent
from the rates of existing laws. In
many important particulars the SEN
ate has changed the bill that passed
the house: and a conference COM
mittee of the two houses will ad-
Just these differences. Leaders of
both houses predict that the confer
ence will sun less than two
weeks time.
The senate's additions to the
house free list with 1912 as a basis
will cost the government more than
$4,000. 900, but by adding a tax of
one-tenth of l cent a pound on cotton
sold for future delivery, a tax of one
tenth of | cent a pound on bananas;
restoring the requirement of a full in
~ternal venue tax of S1.10 a gallon
on brandies used to fortify wines,
and by increasing the surtax rate on
large incomes, senate leaders believe
they have provided an actual in
crease. That is a point disputed by
Majority Leader Underwood Of the
house.
The senate made these other i'm
portant changes:
Lowered the normal exemption
from the / per cent income tax from
$1,000 10 $4,000 for single persons,
with exemptions for wives and de
pendent children.
Exempted the incomes oil mutual
life insurance companies. when re-
vert to the benefit of the stock
holders.
Increased the graduated surtaN
n large incomes TO a minimum OF
per cent on those OF more thah
%$5OO,O 0o.
Exempted incomes OF muniei-
n~alities derived from operation oil
nublic utilities, and changed the date
from which the tax shall be computed
,or the first year from January TO
March /, 1913.
Free listed cattle and other live
stock. wheat, hair of the Angora
coat and some other AGRICULTURAL p'o-
ducts.
Restored oatmeal and rolled oa'S
a. the dutiable list, and provided an
elaborate inspection of meat imports
Reduced house rates oil WOODEN
manufactures to become effective
January /, 1914
Provided, in the sugar scneu",e'
H.. ;~mmadiate adjustment oil the
Dutch standard test; postponed op-
aration of proposed reduced rates IN
I'm March /, 1914, leaving tue p'v
unchanged for free sugar In May