Las Vegas optic. (East Las Vegas, N.M.) 1908-1921, 1913-10-04

on the bill an undeserved odium,
which, along with the fact that the
senate deprived the dill Of some of
its best features, robbed the party OF
the benefit which would ordinarily
come to it by reduction in import
duties. Then, too, the bill went into
operation when financial conditions
were bad, and many attributed to the
law the defects for which it was not
at all responsible.
1 mentioned the law Of 19 years
ago because it IS the only thing since
the war we can compare the pres
ent law with. The economic as we'll
as political conGItions made it pos
sible to do now what could not be
done then. We have, too, at this
time a united party, which is a great
asset The president and the demo
Gratis of the house and senate have
been in full sympathy and have work
ed unitedly in the accomplishment Of
this important work. They share
the honors together, and the honurs
are sufficient to give distinction to
all who have participated
rOptcber 8 marks an important
epoch in the economic history of the
generation and am confident that it
will be able to celebrate a second
triumph for the president, congress,
the party and the country when the
new currency bill passes and receives
the presidents signature"
Under advice from the state depart
ment, the treasury department is
about to instruct collectors of Gus
toms to assess duties against imports
from Germany, Canada and Mexico
and other countries not having spe-
cial treaty arrangements to the con-
trary, at the full rates laid down in
the Underwood tariff act, unless they
were imported into the United States
in ships of American registery, in
which case they will be entitled to
differential of five per cent.
The maximum duties will not only
apply to goods from Prussia, because
OF the continuance in force of the old
treaty with that country, but goods
from all parts of Germany would have
to pay the additional five per cent.
Likewise, the Canadian shipping on
the lakes will be charged full rates
for their cargoes imported into the
United States, while similar goods
brought across the lakes in American
ships will enjoy the five per cent re-.
mission.
The officials are now seeking an
answer to the question as to whether
the new rates will apply to the enor
nous store of goods now held in bond
in New York for entry under the
new ldlllE ldW'
The immediate effect of this stand
on the part Of the government is ex-
pected to be hasty application from
the countries adversely affected for
a revision OF their existing treaties
with the United States. Russia will
also be obliged to negotiate a com-
plete new treaty to replace that de-
nounced last eyar, if she wishes 10
secure the favored treatment for her
exports in Russian ships.
Steel Coming Down
Steel manufacturers were reported
here today to be considering a redue-
ton Of from 50 to SO ton in the
price of their products to meet the
lowering Of steel duties in effect 10
day under the new tariff schedule.
The possibility OF competition from
Germany and British manufacturers
was said to be responsible for ths
move
Don't Look for Cheaper Goods
Those who expect to find American
stores Immediately cutting prices be
cause the new tariff bill is now law,
viii be disappointed, in the opinion
of Representative Underwood, one Of
It's authors. 1t will be many months
Mr. Underwood believes, before che
effect of the new tariff bill becomes
apparent to the consumer.
1T is only competition cause dby
the new law that is going to reduce
prices,@ said Mr. Underwood today,
1T will be several months before the
effect Of the new tariff on commodi-
ties is felt and in many cases it may
be a year The effect on wool prob
ably will not show until next sprna,
the full effec, on sugar not for sew
eral years"
Mr. Underwood left Washington to
day for Atlantic City for weeks va
cation. He is suffering from bad
cold