Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1913-06-27
MANY CHANCES
MADE IN TARIFF
Revised Bill Placed Before Sen
ate Democrats.
INCOME TAX HELD BACK
The Free List Has Been Greatly En-
Iarged and the Metal Schedule Cut.
Cotton and Wooden Goods Increased.

w
and drastic reductions in the metal
schedule, the Underwood tariff bill as
amended by the senate finance COM
mittee and reported to the Democratic
caucus, was made public.
The revenue producing qualities OF
the bill have been increased, despite
many reductions, by provision I'm
posing a duty of cents bunch on
bananas and removing from brandies
used in fortifying American wines the
large preferential given to them.
Wheat and -four have been kept on
the free list, subject to fixed coun-
tervailing duty. The sugar and raw
wool provisions of the house bill will
stand.
The bill as reported Is expected to
produce 100000 more revenue than
as passed by the house. The chief In
creases in duty are In the cotton
schedule. This, like the manufactured
wool schedule, was reclassifed to
place slightly higher duties on highly
manufactured products.
Only the income tax feature was
held back for revision.
Senator Simmons, chairman of the
committee, indicated he expected OPP
position in the caucus to the sugar
and wool program. but believed those
schedules would not be changed.
Here are the principal changes
made in the rates of the bill as 1t had
passed in the house:
Added to the free list: Alizarin; sim
gle jute yarns; school books; cement;
creosote oil; anthracene and anthra-
Gene oil; glaciers and engravers' dia-
monds, not cut; miners diamonds and
diamond dust; crude artificial abra-
siyes; fax, hemp; fax and hemp tow;
amber gum, valued at not more than
SO cents pound; indigo colors; pig
iron; wrought and scrap iron; ferro-
manganese and iron in slabs, blooms,
loops or other forms less finished than
iron bars, except castings; leather, In
Guiding patent leather for shoes; har-
ness and saddle leather; asphaltum;
limestone rock asphalt; needles for
shoe machines; Photographic films
and moving picture films; cyanide OF
potash; steel ingots, etc., not contain
ing alloy; cattle, sheep and all other
domestic live animals suitable for hui
man food; hair of the Angora goat
and alpaca; paintings, etchings, sculp-
lures, etc., of professional charac-
ter"
Wheat, 10 cents a bushel In the I'm
derwood bill, was added to the free
list, but the senate committee retained
a retaliatory provision for a duty of
10 cents a bushel On wheat, 45 cents a
barrel on -four and 10 per cent ad
valorem on other wheat products
when imported from country that
imposes duty on American wheat or
wheat products.
A retaliatory duty of 10 per cent
upon potatoes imported from countries
imposing duties against the United
States also was inserted. Potatoes
were unreservedly on the free list in
the Underwood bill.
An amendment permitting the preSi-
dent to proclaim special rates when
foreign nations discriminate against
the United States, provides that he
shall exercise his authority on certain
articles, as follows:
"Fish, fresh, smoked and dried,
picked or otherwise prepared, l cent
per pound; on wheat, 10 cents per
bushel; on wheat -four, 45 cents per
barrel; on coffee, cents per pound;
on tea, 10 cents per pound.
con the following articles duty
not to exceed one and one-fourth times
that specified, on earthen, stone and
chinaware, lemons, cheese. wines OF
kinds, malt liquors, knitted goods, silk
dress and piece goods, leather gloves,
laces and embroideries of whatever
material composed, and articles made
wholly or in part of same, toys, jew
elry and precious, semi-precious and
imitation precious stones, suitable for
use in the manufacture Of jewelry.
"On the following, in addition to
the duties as provided: Sugars, tank
bottoms, syrup of cane juice and con-
centrated molasses, testing by the po-
lariscope not above rs degrees, 1900
cents per pound, and for every addt-
tional degree by the poiariscope test,
additional 100 cent Per pound; on
molasses, 2 cents per gallon"
The Democrats OF the finance COM
mittec determined to change the basic
exemption Of the income tax from
$400O as in the house bill, to $4,000.
This would apply only to single men
or women. An additional provision
would give to the married man with
dependent wife or to the married wo-
man With a dependent husband, $1,000
more exemption, or total Of $4,000.
Further exemption Is provided for
the family at the rate Of $500 for each
minor child, but In no case would this
apply 10 more than two children. This
males the exemption for the family
with two or more children $4,000.
The Underwood bill treated the man
and The woman Of the family as u,,it
In fixing the exemption Of $4,000. hut
the senate committee has added 81.
other amendment which would maze
taxable the income of both husband
and wife If each had separate taxable
incomes.