Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1913-10-10

After being under consideration III
congress for nearly six months the
new tariff bill is a law. and for the
first time in nearly a quarter of cen
tur; tls. co",icry: has tariff law orig
limited By the Democratic party. The
hill will doubtless be known as the
'nderwOou- simmons bill, taking the
Tito from Chairman Underwood OF the
ways and means committee Of the
l,onse and Chairman Simmons Of the
finance commit;ee Of the senate.
The SPONSORS for the bill say that It
win raise ample revenue. Chairman
Simmons has been advised that it will
yield a surplus of at least $16,OOO.OOO
year above current expenses. If it
does not meet the expenses OF running
the government the expenses will be
reduced. T.
One remarkable thing about the pres
ent tariff bill. a precedent. in fact. Is
that the senate cut the average rate
Of duty carried by the bill below that
fixed by the house. Heretofore in the
making Of tariff bill the house has
slashe.i the rates. while the senate has
then taken Mp the bill and readjusted
the rates on Il higher general average.
The house bill carried a general aV-
eragc rate slightly below 80 per cent.
This the senate cut a little over per
cent. The conference committee has
raised the general average duty but
slightly. The average ad valorem duty
carried by the bill as perfected is
about - per cent The average under
the present law is about 81 per cent.
Many Changes Considered.
The conference committee had to
deal with GIG paragraphs on which
there were diSa yreements. Some of
these involved only the change Of
word Or q question Of punctuation. but
a ma i.ri1y Of them represented diff
fcrcnce.> in rates and a few were fun
danentH!.
The :.ouse conferees also accented
the senate amendment fixing dates
when the yvool duties shall go into eff
feet, which was one Of the final st!ilil-
bling blocks.
Raw wool will go on the free list on
Dec ]. and the reduced duties car
ried by the present bill will become eff
fective OF! Jan. I. The house bill pro-
posed to make the wool duties effective
immc:si;. .ely ON the bill being signed
by the PRESIDENT The final action was
an important concession to the manu-
facture!s.
The senate won over the house also
on co1t:overted paragraphs. in the
schedule re;itin" to cotton cloths and
yarns BY this agreement Slightly
higher duties are given to certain
coarser grades OF cotton cloths and
yarns by changing the classification.
Fur bats and frames. forms and OF h.
er parts for the manufacture Of such
hats received a rate OF. A. per cent.
This matter affects the hat industry in
Connecticut. The. house fixed the rate
at 10 per cent. the senate made it A.
The silk schedule also was re0pened.
and the rate on silk partially manufac-
tured from cocoons or wastes, not fur
Their advanced in Manufacture than
capded or combed silk, and silk noils,
was reduced from 30. to 20 cents per
pound ..... "@f 90 .-.+,':.F
#" : The Metal Schedule. f
Probably no single industry covered
by the tariff bill suffered such reduc-
tons in duties as did the iron and steel
Industry. The house cut duties un-
eparinS}y. and then the senate follow
ed by making still further reductions
and increasing the free list. ria s~4.
The house. for example, placed a
duty Of per cent on pig iron, spiegel-
sen, scrap iron and scrap steel and
Nike products and made ferro-maganese
dntiable at Il per cent. The senate
free listed both OF them, and the con-