The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-06-10
FIGURES SHOWN
IN TARIFF TABLE
Comparison Made of Revenue
Under Payne-Aldrich and Pro-
posed Underwood Bills.
.LuxuRIEs ARE HIT HARD
They Will Make Up Largely for
Losses i'll Free Listed
Articles.
LuxURIEs ARE HIT HARD

Washington, June "a table pre-
tee showing comparative figures based
on the Underwood tariff bill and the
present tariff law. shows the average
ad valorem rate in the proposed law
to be 32.99 per cent as against 1854
per cent under the Payne -Aldrich bill
The estimated loss OF revenue
through the augmented free list in
the Underwood bill would be $24.7ls,-
329 on an import valuation Of $lOa.-
53i, ,466. Revenue under the proposed
bill. exclusive OF the income tax, Is
estimated at s266,7ol,l3o. as compared
with S30i.o1G,69i under the present
rates. With the income tax revenue
estimated at approximately $4,000, OOU
the total revenue under proposed bill
would aggregate about S3iI.00O,000.
Luxurics Show Increase.
In the sundries civil bill, wherein
the Democrats have added many ar
ticles not heretofore taxed or have in
creased rates on luXuries, the adj va
loren equivalent shows an increase
over the Payne Aldrich rates from
24.72 per cent, TO 1926. and the esti-
mated revenue from this schedule IS
raised from $4,000, 900 to approximate
ly $4,000. .0Oo
Wool revenue. ii is estimated. viii
decrease from s27,o00.0OO to s13,00O,
600. The sugar revenue would de-
crease from S60.000000 at the rate OF
$4,000 900 year Until sugCr goes OH
the free list in three years.
Majority members OF the Senate III
nance Committee will meet tomorrow
to prepare the measure for the Demo-
cratic caucus next week.
Senator simmons. chairman of the
committee, said two of the subcom-
ly for several days and each has seve-
raj propositions to submit to the ma
jorty members for advice. These
come Comet tax administrative features and
whether certain duties on the. silk
schedule should be made specific in
Gordstead of ad valorem.
The proposal OF the subcommittee
in charge of the agricultural schedule
to put a countervailing duty on live
stick grSns eatS bv and fogr also
members. With these products on the
free list, subject to countervailing
duty. cattle from Canada would be
dutiable at from 22l-2 to 20 per cent
adj valorem. a sum equal to the Cana
dian tax on cattle; meats would be
dutiable at 212 TO cents a pound !:
rye, 9 to 10 cents a bushel; flour, so
to 60 cents barrel; rye flour. 15 to so
cents barrel; oat meal, so to 90 cents
a barrel.
Consider 1t nj Least week.
Senator Simmons estimates that the
majority members will be at least a
week considering the BILL
To protect the city OF New York
against the operation OF the proposed
income tax, where 1t might fall upon
the city's interest in the earnings OF
the Interborough Rapid Transit Com
pany. Comptroller Mathewson and Act
ing Corporation Counsel Hohle. of New
York have suggested important
amendments to the income tax pro-
vision.
One amendment would make it clear
that incomes of states or municipali- :
ties cannot be taxed. The other would
exempt earnings of any private cor
Doration, when the operation of the
income tax would result in loss to a
State. county or city.