The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1913-04-08

$50 900 per cent from $50. 900 to 100000;
and per cent above that figure
The present corporation tax. levy1ns
per cent on corporation incomes aDoVe
$4,000 would be retained as part OF the
income tax,
To encourage trade with foreign coun-
tries. the bill would reverse the maximum
and minimum provision OF the present
be the maximum tariff and the president
would be given authority to negotiate
reciprocity treaties and make concessions
to countries that grant favors to Amer1-
can exports.
In a statement accompanying the bill
Chairman Underwood said the measure
would. in the opinion of its makers. re-
wise the tariff ITO a basis OF legitimate
competition such as win afford whole
relief to the people in the matter OF the
high cost of living and at the same time
work no detriment to properly conducted
manufacturing industries
-1n its tariff revision work the com
mittee has kept in mind" he said. ''the
distinction between the necessities and
the Injuries of life. reducing the tariff
burdens the necessities to the lowest
points commensurate with revenue re-
life bear their proper portion of the
tariff responsibilities. Many items of
manufacture controlled by monopolies
have been placed on the free list.
UNDERWooD's STATEMENT.
Chairman Underwoods statement Civ
ing the changes in detail continues as
follows:
I'm the chemical schedule the rates on
certain commodities show heavy re<iuc-
irons rs 70 pen eent to 81 per c Cent glue
from 1906 per cent to 1929 per cent and
red lead from 6o.S5 per cent to rs per
cent; Moderate reductions 9In5,. na aye, oeea
backing from rs per cent to Is per cent.
and ds olive e oil I1 from isis per cent to a1o5
per cent. The schedule contains num-
Der of articles on which either no reduc-
ton has been made or an advance pro-
Rates on all brick have been cut on
an average from 1928 per cent TO 1o.zS
per cent. asphalt from 1906 per- cent to
$50 per cent. Ordinary earthenware.
which was already relatively low, being
subject to an average duty of 24.61 per
cent. has now been cut to 10 per cent
while window glass has been given an
average reduction on all glasses or from
glass which may be considered luxury.
still retains a duty of nearly 40 per cent.
the average bein in 8S, 10 per cent; In place
Pig iron and slabs. which were 1850
per cent and 17.7 per cent have been cut
to per cent in each case; beams Ea, from
from 80 per cent to 10 per cent. On the
other hand bicycles. "a much more highly
manufactured product are dutiable at rs
per cent as against 45 per cent and razors
at 35 per cent as against 77.6 per cent.
1.-The idea of the large extension of the
free list for the manufactured products
has been the fundamental conception,
while the effort. has been made to i'm
prove the status of the manufactured
lumber. Thus sawed boards, other than
cabinet wood have been carried to the
free list while sawed cabinet woods. which
were 1875 per cent in 1912 are now 10
per cent; casks barrels. etc. which were
80 per cent are now 1477 per cent and
house furniture. which was 80 per cent
is now Is per cent.
r0I, nd have hnSn
to be good producers Of revenue and
have, therefore. been left at the same
rates s ss IN pE The present Tag tc taT
In the effort to relieve the consumer
and to mitigate the high and rising cost
Of living, schedule G, which deals with
agricultural products has been thoroughly
revised and important reductions have
been made. For instance. the duty on
cent to 10 per cent. cattle from 25.07 per
cent to 10 per cent. sheep from 16. II
per cent to 10 per cent. cattle from 1907
per cent to 10 per cent. sheep from I6-4
per cent to 10 per cent barley from 43.05
INr cent to 1907 per cent. macaroni from
a IS per cent to % 81 per cent hay from
43. 21 per cent figs from 81 SO per cent
to AZ 10 per cent, lemons from So. 80 per
cent to 24.03 per cent, live poultry from
10 r Per ssnf to per to Ggns a per CENT
Other changes are in proportion and the
general effect has been to reduce in
very material proportion the heavy taxes
upon imported foodstuffs
Tn scehudle' l. dealing with cotton.
comparison of the principal items show
red uctions on cotton thread from 81. 54 per
cent to 1929 per cent on spool thread
from p. 95 per cent to 10 per cent on
cotton cloth from 1914 per cent to 80
per cent on waterproof cloth from so SO
per cent to % per cent on ready made
clothing from so per cent to 80 per cent
on collars and cuffs from 81 03 per cent
to 25 per cent on pushes from 81. 40
per cent to 40 per cent. on handkerchiefs
from 1927 per cent to 80 per cent on
stockings from 1888 per cent to SO per
cent, on gloves from S9.17 per cent to 35
per cent on underwear from 60.27 per
cent to % per cent. and on cotton damasl1
from 40 per cent to % per cent.
FLAX, hemp and their products have
been similarly dealt with. Raw flax and
raw hemp have been reduced from s22. 40
and s22.5 per ton respectively. to $f1 20
each jute yarns have been cut from 26. 80
per cent to Is per cent. cables and cor
dage from 6 43 per cent to Abs per cent;