Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1913-10-03
H @ Il 1 II
RAW WOOL GOES ON FREE list
THE SUGAR TARIFF IS REDUCED
and FOODSTUFFS ARE FREE

toms, appraisers Of merchandise and
hundreds Of other employees of the
treasury department win plunge at
once into the task of collecting the
nations revenue on new basis, and
with hundreds Of new classificatons
and new provisions Of law to compli-
cate their activities
The federal government has been
spending nearly - billion dollars |
year and the new tariff law will |
raise less than one-thrd of that
sum Recent estimates by tariff ex.
perts in congress predict that the
rates win raise s249,0OOoO0 a year.
and that the income tax will raise
S1220O0OOO. The remainder of the
governments great income is made
up principally of internal revenue
taxes and postal receipts
The income tax probably will bring
the new tariff law most forcibly to
the attention Of citizens. President
Wilson and democratic leaders in
congress believe, however. that the
: reduction of duties on clothing, food
, stuffs and other necessaries Of life,
and the complete removal of the
duty from many like articles, will
= eventually bring reduction in the
/. cost of living" without materially
affecting business prosperity
A brief summary of the new tar
lift law as prepared for the senate
follows:
Average percentage Of tariff rates
as compared to the value OF all i'm.
ported merchandise Old law 81
per cent; new law n per cent
Value of annual imports added tc
the free list. $147.OOO0O0
Estimated revenues from all i'm
port rates: Old law $So5.ooo,oOO
new law S249,000,00O
Estimated revenue from corpora
tion and income taxes Old law
$37,000,000; new law s122, 100000
IS Altogether, consumers in the Uni
ed States probably win receive fror
abroad free of all tariff, more tha
10000 900 worth Of merchandis
- during the next year
- e During 1912 the amount Of FIRE
: imports" was more than $SS0,OO0,00i
:, and when the tariff is entirely r,
~ moved from wool, sugar. iron OF
:, and cheap iron, and other importar
items, the total is expected to i
crease notably Under the old la
more than SO per cent of all goot
brought to the United States from a
parts of the world paid no tarii
and that proportion will be increase
by the new law
The free wool provision of the ne
law takes effect December l. 1871
the free sugar porvision May 1, 191
The new tariff law passed 70
n years after President Taft signed Il
u existing Payne-Aldrich law, is 4
| result Of more than nine months
work in congress. Hearings we
started January 6, by the hou
TO ways and means committee. Cha
man Underwood introduced the t
ff bill April Z, Immediately aft
President Wilson had convened t
new congress. II passed the hou
oeai May 8, and the senate September
70 In the opinion of its makers
con democratic leaders Of congress,
scea most important features of the n
de- tariff are:
Wo- "a reduction. Of nearly one-half
was the average tariff on foodsuffs c
farm products.
The placing of raw wool on
ner free list and reduction Of nea
two-thirds in the tariff on wee
clothing, especially OF the chea
rho grades
Cling . reuuo''oh % one 'i'tu '''e'"
,o,rt on cotton clothing
cont Reduction Of the sugar tariff
=, - its ultimate adjustment in 1915.
Il l reduction Of one-third (avera
in the tariff on earthenware
glassware.
Adjustment of all TARIFF on me
.xAs fish dairy products flour potat
coal. iron ore, lumber and m
classes Of farm and office mac
cams cry.
after General tariff reduction on all
portant articles in general use,