South Bend news-times. (South Bend, Ind.) 1913-1938, 1913-07-19
COMMITTEE FAVORS FURTHER
REDUCT ION Of THE TARIFF

$4,000, and the highest possible ex-
emption 10 any one person $4,000.
While the amendment may make no
wide difference in the volume of reve
nue. deriVable from the tax. IL is
deemed equitable as recognizing the
added obligations on account OF mar
rage and children and salutary as
emphasizing the family as the unit in
our social structure"
Changes Dealt With.
The changes in all the schedules
are dealt with at length in the report.
OF agricultural products. many Of
which were transferred 10 the free
list in addition 10 those put there by
the house. the committee has this TO
say:
The house bill and amendments
made by the committee on finance
| fully recognizing the paramount in
/ terests OF our agricultural population
! by placing agricultural implements Of
1 every kinds and description, fence and
/ baling wire, cotton bagging and ties,
/ low priced blankets. boots and shoes,
| cement, nails, lumber, coal, harness,
| saddles, cotton gins, wagons. carts,
/ bagging for grain, wool and other
! bags, sewing machines and many
/ other products of daily utility on the
free list. In common with the rest OF
I our people our agricultural popula-
ton Will share in the benefits brought
| about by the reduction of the duties
on sugar and its eventful elimination.
| The substantial reductions made all
| along the line on cotton and wooden
goods, wearing apparel Of every de-
| scriptiOn, on crockery. household
furnishings and utensils, hardware
and similar products Of our factories,
will remove a considerable part Of the
burden of tariff taxation now borne
by the farmer as we'll as the dweller
in the city and the laborer in the fac
tory, fields and mines"
Are Left Unchanged.
The sugar and wool schedules are
left unchanged as to free sugar and
free raw wool, but reductions by the
senate committee in wool tops and
yarns are explained, and sweeping re-
auctions in the metal schedule are
!, treated in the report with consider
able comment Pig iron, ferro mag
anese and other products were placed
on the free list by the committee, and
; the report says:
The house bill places iron ore up
on the free list mainly because il was
found that the domestic supply of
iron ore was largely controlled by the
: United States Steel corporation and
for the purpose of aiding the indepen-
dent iron and steel manufacturers in
For similar reasons the committee
: on finance thought that ferro mag
: anese should also be placed upon the
free list The u. S. Steel corporation
, largely controls the domestic ore ou
Of which ferrO Manganese, which i!
a necessary material in the manufac
!, ture Of steel, is procured. This cor
poration is the only producer of ferrC
Manganese in this country, but pro
duces il only for its own use anC
: consumption. ! was thought under
: these conditions just that the indie
: pendent competitors of this monopol!
5 should be permitted 10 import thi
$ high priced alloy free of duty, anC
: that with iron ore and ferro maya
2 nese on the free list domestic compe
z tition would be strengthened and tn,
I. price of the finished products of irol
s and steel would be eventually lower
i ed"
r Concerning the general revision tn,
= senate committee says that follOwin.
: the lead of the house, IL has sough
= in the amendments il proposes to tn
e house bill TO further carry out am
: perfect the theory of establishing
y revenue producing tariff upon tn,
e basis OF competitive rates, as a Jus
/ and fair Interpretation in the light O
: existing conditions Of the latest au
! thoritative utterances of the party i
| pOWtT upon I0dt subject, and nov
Z submits the results of it's labOrs wit
l. the confident belief that the enact
e ment into law of the house bill q
II amended will result in NOR
equitable distribution Of the burden
: and Incidental benefits Of our svster
OF customs taxation that it will ten
TO dlslntegrate the nonopolies bull
! up under the presen, ystem; that
:, will enlarge opportunity through in
- dividual effort, reduce the cost of liz
ing and relieve the people from tn
= burdens Of the protective syster
~ strikingly exemplified in the so-calle
Payne-Aldrich bill which this measur
>. is intended TO supersede"