The Hazel Green herald. [volume] (Hazel Green, Wolfe County, Ky.) 1885-19??, 1913-05-29
is WISE LEGISLATION
WORKING OF UNDERWOOD TAR
iFF WILL BENEFIT COUNTRY.
American Manufacturers. Second to
None. Are Sure to Rise to the o.
easion and Maintain the Ma
tons Supremaes.

That the American manufacturer.
spurred by q competitive tariff TO
greater activity to retain control Of
his home market. will Increase his
efficiency 10 such an extent that he
will make new trade conquests abroad.
Is the prediction OF the Democratic
members OF the house ways and
means committee who framed the In
derwood tariff bill
The report signed by the fourteen
Democratic members OF the committee
has been presented to the house.
hey estimate that for ths first dscc.
year following the passage of the bill
ihe receipts OF the government will
be less than the disbursements by
So. 1000. To meet this deficit the
income tax has been framed and II Ia
estimated the revenue from this tax
vii. be s70.l25.00O
According TO the committees esti-
macs. the customs revenue from the
[ ndeT wood bill will be S37 $4,000 less
than the customs receipts from the
Payne law in 1912
II is estimated that the chemical
>cHeII!e OF the new bill will produce
81 $500 as against Sl2.239. 742 in
the PAYNE law. the earthenware SEIZED
ale. $'.491 600 as against Sll,l56.22l;
metal schedule. SIS. 549. 900 as against
$iI.3!6.22l. wood schedule. $S9S.OOo
a. AGAINST s3.042.S34: sugar schedule,
$40. - 1n0 as against $50 95l 900. to-
baccO schedule. $26.002. 900 as against
525.51l 900: agricultural schedule. $2l.-
II 900 as against S34.l+6.0 900; spirits.
S2I.%N, 200 AS against 81. 400. 900: cot
ton. 81 l.251 900 as against Sl1.0s5. 900;
FAX. hemp and iute. Sl5.977. 900 as
against $40 062. 900: wool, l2744 900 as
against s21.072.000: silk. Sl6.2l2 900 as
against SI3.695. 900: pulp and paper.
s2.957.oo0 as against s4.ss6 900; sun
dries. sJ9952 900 as against s26.-
% 900
The average reductions in duties
from the present Payne law TO the
Underwood bill by schedules are as
follows
chemicals from IS to 10 per cent;
earIhenware. 50 to 80. metals. "a to
20. Wood. - to 3; sugar. IS TO 80:
agricultural. 20 to 10. spirits. S3.S &c
y: 80. COTTON 40 to 30, fax - to ga.
wool - 10 is. silks, 81 TO a: pulp
and paper. y 70 IL Increases: To
bacco. - to 50: sundries. "a to 80.
IL is estimated the amount OF duti
abb Inportations under the bill would
Increase in value from $759.209.9l5 10
S19S. 5000. The average duty under
,he Payne Law Is 4O.l2 per cent. as
against an estimated average duty IN
DER the Underwood bill OF 20 90 per
cent.
uder the income tax Law it is esti-
mated that 425 900 incomes. including
corporations as well as individuals.
Of revenue. according 10 the calcula
lions will be derived from incomes
within the range from $4,000 TO 500.
$40 over 100 incomes taxable at l
pr cent. as well as |. and per
cent surfaces. are included in the
-"ChoEiug
The income from the tax on these
immense incomes will bring In all
told. $3.S26. 000. The committee esti
mates that $4,000 incomes between
81 Ooo aud $1,000 will be subject TO
The per cent tax. yielding $3.50 O00.
According to the estimates. however.
the greatest number OF taxable in
comes will be In the range OF $4,000
TO $4,000. These will yield TO the
government. il the expectations OF the
committees calculators are borne out
BY experience. $5340.000.