The Calhoun chronicle. [volume] (Grantsville, W. Va.) 1883-1984, 1913-10-09

After being under consideration in
congress- for nearly six months the
new tar1n bll u q law, and for the
nrst tims In nearly a quarter of a cen
bury the country has a tariff law orig
mated by the Democratic party. The
blu viii dOubtiess be known as the
Underwood Simmons bill, taking the
dtie from Chairman Underwood OF tho
ways ana means committee Of the
house and Chairman simmons OF tho
AnAnee eornmit4se OF the senate.
The sDoAssEs for the bill soy that 1t
VIII raise angie revenue Chairman
blmInonS has bean advised that 1t Will
yield a suEplus OF at least $4,000, 900
rear above current expenses. II it
Lees not meet the expenses OF running
me government the expenses Will be
reduced.
One remarkable thing about the pres
emit tarin bill, a precedent, in fact, is
that the senate cut the average rate
OF duty carried by the bill below that
fixed by the house. Heretofore in the
making OF q tariff bill the house has
slashed the rates, while the senate has
then taken up the bill and readjusted
The rates Ga Q higher general average
The house bill carried a general av-
erage rata snghty below 30 per cent
1Ais the senate cut a little over per
rent Tia conference committee has
raised the general average duty but
1igAtly. NO average I'D valorem duty
carried ~ the bill as perfected is
about n per cent. The average under
ne present law is about 30 per cent.
Many Changes Considered.
The conference committee had to
deal with 0Te paragraphs on which
there were disagreements. Some OF
Ahese involved only tho change OF
vsrd or a question OF punctuation, but
majority Of them represented diff
rsrences IN rates and a few were fun
damental.
Hhe house conferees also accepted
th@ senate amendment fixing dates
when thu wool duties shall go into eff
feet. which was one of the final STUN
bling blocks.
1aw wool will go on the free list on
Dec. 4, and the reduced duties car.
rioA BY tie present bill will become et-
bOcttve on Jan. 1. The house bill pro
posed to mako the wool duties effective
Immediately on the bill being signed
81 tAe president The final action was
sa important concession TO the manu-
lecturers
The senate won over the house also
On controverted paragraphs I'm the
schedule relating t0 cotton cloths and
yarns. By this agreement slightly
higher dates are given to certain
coarser EEnAes of cotton cloths and
yarns By changing the classification.
Fur hat1 and frames, forms and 9TH
or parts for the manufacture OF such
bats received a rate OF - per cent
TAis matter Affects the hat industry i'm
Connecticut. The house fixed the rate
at 40 per cent. the senate made It s..
The silk schedule also was reOpcned.
snd the rate on silk partially manufac-
tuFed from cocoons or wastes. not fur
ther advanced I'm manufacture than
carded or cambed silk, and sih noils
was reduced from - to 20 ceAtg Der
poand
Yhs hstai Schedule.
Probably no single industry covered
~ the tariff bill suffered such rcduc-
hons In dutses AZ did the iron and steel
Industry. The house cut duties un-
Eparingly, ana then the senate follow
ID By making still further reductions
and incFsasing the free list
Ths housa fer example. placed a
anI Of 8 30 cent on pig iron. splegel-
An, seEhp Hea and scrap steel and
Rks Brsapsts ana made ferro.maganese
Suitable at - per cent The senate
tFse listed both Of them. and the con