The Mena weekly star., 1913-10-02
TARIFF MEASURE
 IS MADE PUBLIC
All Questions Practically Settled E,cent Clarke Amendment to Tax Trading in Cotton Futures
 Important Alterations.

ference report on the UnderWoou- Simmons tariff bill, representing the final adjustment of disputes be- tween the House and Senate over the Senate's amendment, was made nublic today when the Democratic managers submitted it first to their Republican colleagues of the com mittee.
 In the form which the bill ulti- mately will go to President Wilson, it carries many changes from the original Underwood bill passed by the House last May. While the Sen ate gave way on many of the amendments in the two weeks fight in the confereqce committee, many important changes were re- tained and the general averages of the rate of the House were reduced about i per cent ad valorem.
 Revision Began in April.
 Democratic tariff revision, which began early last April, and which has been constantly before Congress since then, approached it's last stages early today, when the full conference committee named by the Senate and House to adjust their differences met to adopt their final report on the bill.
 For over two and a half weeks the eight Democratic members of the conference committee have been at work adjusting differences and compromising disputed questions. When the six Republicans were called in today it was only to give their formal expression of opinion upon the report which the Demo- crats had prepared.
 Clarke Amendment Left.
 As the tariff bill went into the conference committee it carried more than 67O amendments made by the Senate and which the House refused to accept. All of these had been settled early today with the exception of the Clarke amendment, proposing a tax on trading in cotton futures.
 In many of it's more important amendments 10 the bill, the Senate was successful in convincing the conlerees that the changes should be accepted. These included the heavy increase in the tax on large incomes; the pOstponement of the date when free raw wool and re- duced duties on woOlen goods should become effective, so that trade may readjust itself; the trans fer to the free list of pig iron, fer ro-manganese ore and cheap grades of iron, and the reduction of duties on food products and many other articles.
 Many Sweeping Reductions.
 As the tariff bill was prepared for presentation to the House to- day by Chairman Underwood of the House conferees, it contained prac- tlcally all of the reduction of duty that President Wilson had insisted were part of the Democratic pro- gram, and made sweeping reduc- tons in the tariff on nearly all ar ucleS of general use.
 The conference report had first to go to the House for approval be- fore 1t could be laid before the Sen ate.
 It IS asserted there would be no executive opposition to the sep1ra- ton from the tariff bill of the pro- vision imposing taxes on cotton fu- lures.
 As the cotton provision is not es- sential to the enactment of tariff legislation, the president is said to nave assented to the action, which It IS understood the conferees have taken in cutting out this provision and leaving it to be treated in spe- clal legislation in the future.
 Important Alterations.
 In summary of agreements rom day to day, the report shows the following important alterations oi the original Underwood bill:
 Tax rate on incomes above S75,- UoO was increased by a graduated scale from 3 per cent to per cent, ana the income tax exemption re- duced from $i,000 to 5000. Articles added to the free list include pig ron, ferro-manganese ore, cheap grades of iron, cattle and other food annals, wheat, flour, flax, hemp, sugar refining machinery, school text books, sand blast machinery, lnuigo dyes, photographic machin- cry moving picture films, cement, dSphalt and many other articles.
 A new classification for woolen stockings, gloves and mittens makes d reduction from the House rate on those valued at less than Si.20 a uozen and an increase on those apoVe. Angora wool and articles made made from it were given higher uuly than in the House.
 Silk Ribbon Rate Increased.
 The House rate on silk ribbons snu narrow fabrics was increased rom 40 to l5 per cent, while the hhouse rates on common paper box noards and papers used for photo ;sraphlc prints were reduced. An increased rate of duty was provid- GU TOT lithographic views of Ameri- 'ah scenes and the rate on surface
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