The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1913-06-12

kNOuIluuSQ ITO" x III
bill is based only on articles known
tc have been transferred to tho free
list thus far upon subcommittee e
concentrations and does not take into
account the decreases in duties which
will be proposed on many articles in
the various schedules. Added to thc
$4,000. 900 estimated loss in revenue
under the house bill free list, this
would aggregate $26,500,000.
Included in the senate list are the
hemp which the Underwood bill
makes dutiable. but which the senate
committee today decided should be
transferred to the free list. Hemp
will be sent to the aucus on free list
on the ground that IT belongs there
If other products of the farms such
as cattle and wheat are to be free
listed. az 1t would result in cheaper
Irvine to the farmers and compensate
harvesting expenditures. Hemp. both
plain and hacked, the subcommittee
proposes to remove from the dutiable
list, the former from $11.20 q ton
and the latter from one cent a pound
in the Underwood bill.
Some Of this loss in revenue may be
made up by countervailing duties on
certain agricultural products but this
amount, it Is estimated, would not be
large.
Revenue Out on.
Among the articles which the SEN
at subcommittee have added to the
free list and the estimated revenues
cut of are:
Pig iron 100000, ferro manganese
and spiegeleisen $12,600, hemp $751;
400. live stock $5S3,000. wheat $780,
cedar wood $4,000, coal tar dyes
$4,000, a total Of $l,417, 00O.
When all the subcommittee have
completed their recommendations thu
amount probably will be Increased.
Today the majority members Of the
finance committee went on record as
opposing publication at this time of
the detailed changes in the Under
wood bill approved by them by the
sub : committee recommendations.
Senator Simmons, chairman Of the
committee. said that the majority had
instructed him to make general an
nouncements only regarding the COM
mittee's action.
Grafton the changes In the cotton
schedule proposed by Senator john
sons subcommittee. Most Of them
were approved but one or two mat
tiers were referred back to the COM
mittee for further consideration In
this schedule the net result Of the
altered rates will increase the sched-
ule over the average cotton rates in
the Underwood bill about 5 per cent,
the principal changes affecting Gotten
" rms.
Is Only Increase.
This Is the only schedule in which
the senate action will result in an
increase. The committee decided that
its action should be guarded as much
as possible until the caucus can have
a chance to act because the caucus
might in some matter e or 9TH
elwise alter the decision Of the COM
mittee majority.
The metal and eartheu ware sched-
ules was considered FOR a time yes
t.rday but discussion delsyel until
today.
Senator Williams subcommittee IL
still working on the income tax and
administrative provisions Of the bill
but hopes to report tomorrow. It
has been decided to eliminate the
anti-dumping clause and the s per
cent tariff discount on imports on
American ships and some modifica-
: on will be reported Of the provi:ions
directing foreign manufacturers to
submit their books when valuations
are in dispute. The income tax also
will be modified to give mutual life In
surance companies ar opportunity to
claim exemption by proving they ar,
not conducted for profit.