Clearwater Republican. [volume] (Orofino, Idaho) 1912-1922, 1913-10-10
TARIFF BILLS SIGNED
PRESIDENT WILSON, ENCIRCLED
BY PROMINENT LEGISLATORS.
ATTACHES HIS NAME.
SHORT RESUME OF new LAW GIVEN
Purport Of New Tariff Bill Is to Reduce
Cost Of Living, But Consumers
Must Not Expect Prices to Go
Down for Some Time,


Down for Some Time.
Washington.-President Wilson at.
tached his signature to the tariff bin
October 3. Some little ceremony ex-
listed in connection with the tariff, the
president being surrounded by promi.
nent legislators Of the nation. Wilson
made short speech in which he de.
clared great work had been accom-.
plished for the nation.
Following Is resume which indi-
Gates how the consumer will be at
fected:
First-It won't reduce the cost of
living perceptibly at first. A good
many other things 60 to make up your
cost of living.
Second-The new tariff does untax
a lot OF things you use. A small frac-
ton of cent was added by the old
tariff to nearly everything you eat,
wear and use. This new law takes off
this small fraction of a cent.
Third-You share the benefit of this
fact: That eighty millions of dollars,
formerly paid by you and other con.
sumers, will be raised by tax on in
comes Of $4,000 and upward.
Fourth-Your principal necessities
have been put on the free list. They
are, therefore, exempt from any fur.
ther tariff tax. These articles are
meat, cattle, sheep. hogs. eggs. lard,
white flour. buckwheat, potatoes,
shrimps, Holsters, fish, lumber, raw
wool, tea, coal, herbs for drugs, sole
leather, all manufactures of leather,
including boots and shoes, harness and
saddles, rough furs, pig iron, typewriI-
ers, cement, cocoa, books, cheap en-.
cravings and cheap pictures. cash reg.
listers, nails. print paper, moving pic
ture films, tanning materials, barbed
wire and all agricultural implements.
Benefit the Farmer.
Fve-For the benefit Of the farmer
who loses his protection on wheat,
eggs, flour, etc., the new law removes
the duty on all articles used by him,
including wagons. plows. harrows.
discs, fencing, cotton bagging, etc. By
making farming less expensive food
will, it is hoped, eventually be made
less costly.
Sixth-Sugar will be on the free list
in three years. It pays the present
tariff duties until next March and then
it begins paying cent pound until
1916, when it becomes free Of duty.
Seventh-Other articles will have
the tax reduced on them nearly one
half. At present they are taxed on the
basis Of twenty to fifty per cent of
their valuation at the customs houses.
The present bill reduces this to rs per
cent.
Eighth-For the benefit Of mother
and the home the duty on hosiery has
been reduced to Is per cent; blankets
should be somewhat cheaper. They
we're not put on the free list, but the
duty has been materially reduced on
them. A cut in cotton goods amounts
to about 25 per cent. From the con.
sumers point Of view this will mean
more importations from France, Aus.
tria. Germany and England of the high
er grade cotton materials used in max
ing children's clothes and stockings,
cotton and wooden.
Ninth-The amount Of revenue which
It is estimated the new tariff will pro-
duce is $247.78O,000. The income tax
provision is expected to add to this
$8O,000,000.
The reduction in the cost Of living
resulting from this tariff will be ten
dency rather than anything showing
itself in immediate change Of prices.
There should be marked downward
tendency of price and marked check
on trust control OF the necessities Of
ufa