Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1913-10-04
TARIFF Law is
ON STATUTE
BOOKS
TREASURY DEPARTMENT NOW FACES
THE PROBLEM OF ENFORCING
MEASURE. INCOME TAX FEA.
IuRE PROMISES TO Be HARDEST
TO SOLVE.
STEEL PRODUCTS ARE
TO Be QUOTED LOWER

ed warehouses;, Jalllllleu W eaPaei's
with imports roughly valued at $7O,'
600 600 began today to dlsgorge them
selves as importers released their pro-
ducts under the reduced rates OF the
new tariff law. The New York GUS
toms house opened an hour before the
usual time and with fifteen addition
al clerks pressed into service was TO
remain open till midnight. Duties
will be assessed on the basis OF the
Payne-Aldrich act, but refunds, where
necessary will be made when oihclal
comics of the new laws are received.
The condition confronting the i'm
porters today was the reverse OF what
it was four years ago when the Payne
Aldrich law became effective. Then,
instead of holding goods in bonds and
releasing them at reduced rates,
steamships raced to port with commo'
dities on which higher duty was to he
charged. Several vast consignments
came in just in the nick of time,
the Democratic tariff law consummat-
ed, activity today was transferred
from the halls of congress to the
treasury department. where Secretary
McAdoo and assistant secretaries be-
Gan the development of plan OF en-
forcement. Treasury officials declar-
ed that the new act will be the lowest
tariff law in the history of the coun-
try with the possible exception of the
Walker tariff of 1876 and its amneda-
tory tariff of 1857. With President
Wilson and the congressional trainers
of the law, they declared it was a
competitive tariff and freely expressed
the convict ton that business would
be invigorated and sustained thEolIlgtl
its operation.
Officials were equally confident that
il would a,old the government ample
revenue.
It is roughly estimated that $780,
100000 worth of merchandise, held in
bond. soon will be withdrawn and
payment of duty made under the new
law, Compared with the Payne-Al-
drich act this will mean a loss OF
S1OOOO,000 to the government. Treas
,lry officials maintained that these
Withdrawals would have no percep-
tible effect on the business of the
country.
The most difficult administrative
feature of the new act is the income
tax provision. This entirely new ven
ture will require the work of experts
to draft a workable plan that will in
sure the government receiving its
lawful dues from every taxable citi-
zen.
Under advice from the state depart
uent 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 special
treaty arrangements to the contrary
al the full rates, laid down in the
Underwood tariff act, unless they
were imported into the United States
in ships of American registry, IL
which case they will be entitled to
differential of per cent.
The maximum duties will not apply
to goods from Prussia, because OF the
continuance in force Of the old treaty
with that country, but goods from al
other parts of Germany would have u
nay the additional per cent. Like
wise. the Canadian shipping on tht
Lakes will be charged full rates TO-
their cargoes imported into the unltef
States, while similar goods brough
across the Lakes in American ship
viii enjoy the per cent remission.
The officials are now seeking al
answer to the question as to whethe
the new rates will apply to tn
enormous store of goods now held il
bond in New York for entry under tn
new tariff law.
The immediate effect of this stan
OF. the part of the government is eS
pected to be hasty application fron
the countries adversely affected for
revision of their existing treaties wit
the United States. Russia will ais
be obliged to negotiate completed
new treaty to replace that denounce'
last year, if she wishes to secure tn
favored treatment for her exports l
Russian ships.
Those who expect to find America
stores Immediately cutting prices pt
cause the new tariff bill is now Law
will be disappointed, in the opinion
Representative Underwood. one OF IL
authors. 1t will be many months. Nj
Underwood believes, before the effet
OF the new tariff bill becomes a
parent to the consumer.
"It is only competition caused b
the new law that is going to redu,
prices" said Mr.. Underwood. 1T wi
be several months before the effect I
the new tariff on commodities is fe
and in many cases it may be yea
The effect on wool probably will nj
show until next spring, the full effo
OF sugar not for several years.
Mr.. Underwood left Washington t