The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1913-09-29
On All Other Features OF Iar-
iff COnferees Agree.
Republicans Are Called in to
View Finished Work.
IT SUITS PRESIDENT WILSON
Over SO Senate Changes Have
Been Adjusted.
Many Additional Articles
Transferred to Free List.

Washington, Sept. 29.-The Demo-
cratic tariff revision begun early last
ApriI and which has been constantly
before congress since that time, ap-
preached it's final stages early TO-DAY
when the full conference committee
named by senate and house to ADJUST
their differences, met to adopt theAr
final report on the bill. For over TWO
and a half weeks the eight Democrat
mem bers of the conference committee
had been at work adjusting differ
ences and compromising disputed
questions When the six Republicans
were called in today it was only 10
give their formal expressions of opin-
ion upon a report Whlch the Demo-
Gratis had prepared.
AS the tariff bill went into the con-
ference committee 1t carried more
than $40 amendments made by the
senate and which the house refused
to accept All of these had been set
tied early today with the exception or
the Clarke amendment proposing
tax on trading in cotton futures IN
many of its more important amend
ments to the bill the senate was sue
cessful in convincing the conferees
that the changes should be accepted
These included the heavy increase IN
the tax rate on large incomes; the
postponement of the date when free
raw. wool and reduced duties on
wooden goods should become effective
so that trade may read1ust itself: the
transfer to the free list of pig iron,
ferro manganese ore and cheap grades
of iron and the reduction of duties on
food products and many other articles.
Satisfactory to Wilson.
AS the tariff bill was prepared for
presentation to the house TO-DAY py
Chairman Underwood of the house
confereeS it contained practically all
Of the reductions of duty that Presi-
dent Wilson had insisted were part of
the Democrat program and made
sweeping reductions in the tariff on
nearly all articles of general use.
The conference report under the
situation existing in congress had to
go first to the house for approval be-
fore it could be laid before the senate.
1t is quite certain that there will be
no executive opposition to the separa-
tion from the tariff bill of the pro-
vision imposing taxes on cotton fu-
lures, though in the view of the presi-
dent it is highly desirable that some
legal restraint should be placed upon
speculation. There appears, however,
to be a radical difference between the
houses as to the best means of accom-
plishing this purpose and since the
cotton schedule is after all not at all
essential to the enactment of tariff
legislation, the president has assented
to its being cut out, leaving the sub
!ect to be treated in special legislation
in the future.
In summary of the agreements that
have been informally announced from
day to day during the conference work
the report shows the following import
ant alterations of the original Under
wood house bill
The tax rate on incomes above $75,-
900 was increased by a graduated scale
from 3 per cent to per cent and the
income tax exemption reduced from $4,-
900 to So, 900.
The following exemptions are al
lowed:
Necessary expenses of carrying on
business, not included in personal,
living or family expenses.
Interest paid out on Indebtedness.
National, state, county, school or
municipal taxes within the year.
Trade losses or storm or fire losses
not covered by insurance.
Net worthless debts, charged off
during the year.
A reasonable allowance for the de-
probation of property.
Dividend from companies whose in
come has already been taxed
Interest from state, municipal or
government bonds
Articles added to the free list in
clude pig iron. ferro manganese ore, chean
grades of iron; cattle and other food
animals; wheat flour, fax, hemp sugar
refining machinery, school text books;
sand blast machinery; indigo dyes, pho
cement
asphalt and many other articles
A new classification for wooden stock
1ngs. gloves and mittens makes a re-
ductiOn from the house rate on those
valued at less than S1.2O a dozen, and
an increase on those above.
Increase on Silks
Angora wool and articles made from,
it were given higher duty than in the
house bill. The house rate on silk rib
bons and narrow fabrics was increased
from 40 to As per cent.
The house rates on common paper
box boards and papers used for pho
tographic prints were reduced An in
creased rate of duty was provided for
photographic views of American scenes
and the rate on surface coated paDers
suitable for covering boxes was increas-
ed from 35 to 40 per cent
Reduction in the house duties was
made on wearing apparel of cattle or
goat skins, fur hats, rough forms of
dog and goat skins, camers hair press
cIoth Tor use in cotton oil mills
Through a reclassification. rates Will
De slightly reduced from those fixed by
the house on fancy grades of cotton
cloth. The house rate on cotton stock
inSs and half hose was also reduced
deductions in the house rates in tho
chemical schedule covered perfumed
and medicinal soaps, crude chicle.
hnseed oil. chlorate of potash and sew
eral other items, while the house rates
We're increased on many kinds of acids
and on some classes of paints.
The senate succeeded in reducing the
house rates on high power lenses. sur
NeSlnS instruments, telescopes and the
like
Most of the senate changes reducing
the rates on iron and steel products
were approved by the conference COM
mittee making the rates lower on the