El Paso herald. (El Paso, Tex.) 1901-1931, 1913-10-03
RAW WOOL WILL
Be FREE ON DEC. |

Bt fRtt UH UtI. |
Continued From Page II
and income taxes old law sS7.Oo0,OOo;
new law s122.00O,00O.
Altogether. consumers in the United
States probably will receive from
abroad free of all tariff, more than ST.
GOO 900 600 worth of merchandise dur
ing the next year During 1912 the
amount of free imports" was more
than sSSO,OOO.OOO, and when the tariff
is entirely removed from wool sugar,
iron ore and cheap iron. and other i'm
portant items. the total is expected to
increase notably Under the old law
more than So per cent of all goods
brought to the United States from all
parts of the world paid no tariff and
that proportion Will be increased oy
the new law
The free wool provision OF the new
law takes effect December 1, 1913; the
free sugar provision MAY !, 1915
Nine Months Work.
The new tariff law, passed four
wears after president Taft signed the
existing Payne-Aldrtch law. IS the re-
sult of more than nine months Of work
in congress. Hearings were started
January 6, by the house way and means
committed Chairman Underwood IN
PRODUCED the tariff bill April 4, i'm
r,e1iate1v after president Wilson had
convened the new congress It passed
A., the house May and the senate Sep
TENDER 9.
Raw Wool Free.
In the opinion of its makers, the
Democratic leaders Of congress, the
most important features Of the new
! tariff are:
the average tariff on foodstuffs and
farm products
The placing Of raw wool on the free
/ list. and a reduction of nearly 2-3 IN
[ the tariff on wooden clothing especial
/ " Of the cheaper grades
A reduction of one-third (average)
I on cotton clothing.
Reduction of the sugar tariff and its
ultimate adjustment in 1916
A reduction of one-third (ayeragel
/ in the tariff on earthenware and
( glassware.
Abolish Tariff on Meats.
Adjustment of all tariff on meats,
! fish. dairy products. flour, potatoes
coal iron ore, lumber and many
/ classes of farm and office machinery
| General tariff REDUCTION on all i'm
portant articles in general use
! Throughout the long fight over the
, bill. the Republicans attack on the
measure has been directed against
/ those rates which the Republicans de-
clared were so low as to threaten de-
Z
I through the competition Of foreign
1 manufactures The Democratic sup
porters Of the new law have insisted
that except in those cases where pup
lie welfare demanded radical changes
1 the tariff has been reduced only to a
| point where il will stimulate compe-
! tition,T without turning American
1 markets over to foreigners
| Work for Collectors.
A great amount of work will fall
eI-wl- nv~W
! expected. in working out the details OF
I the new income tax and the methods OF
/ collecting the direct taxes from 1ndl-
| viduaI citizens of the United States
! The tax upon corporations. now fixed
at one per cent Of their income, re-
/ mains the same, and becomes part OF
| the general income tax law A stair
/ of special deputies, collectors, ana
/ agents will be employed to organize
1 and conduct the work of income tax
( collection
Delay Currency Bill.
The situation confronting the ad-
I ministration currency bill in the SEN
I ate has become a matter Of deep con-
] Germ to president Wilson and members
of the senate who favor early action
I on the bill.
! -Four members of the senate banking
I and currency committee had tried 10
4 devise a plan for fastening action on
/ the bill. but they have not decided I'm
1 ally .WnaL course 10 IOllOWs II the AuAA
i committee refuses to report the Dill
! back TO the senate
| Chairman owen and senators Pome-
/ rene. Hollis and ShafrOth have par
/ ticipated in the conferences, which be-
! gan soon after the visit OF seniors
owen and Shafroth to the white house
/ early in the week. Tt is understood
! that senators Hitchcock, O'GOrman
/ and Reed, the three other Democratic
members Of the senate committee. have
/ thus far refused to agree to any plan
/ of immediate action on the bill.
May Try to Force Action
Several tentative plans for forcing
/ the measure on the attention Of the
| senate have been considered by admin
| istration leaders. These include a pro-
posaI to discharge the senate commit
| tee from further consideration OF the
| bill, thus bringing it before the full
I senate, and the alternate possibility OF
/ having a Democratic caucus take up
I the problem
| In both cases. however, the friends OF
/ the administration bill recognize that
| sentiment is divided on the Democratic
/ side over many provisions OF the meas
1 ure. 1t is believed that an exodus OF
| senators from Washington viii follow
the signing Of the tariff bill and that
! any contemplated action involving the
! full Democratic strength of the senate
/ will be withheld for several weeks
| W. F. NcCaleb, Of San Antonio, Tex
as, To-Day endorsed the general puF-
! poses of the bill. but suggested num-
Der of amendments to make the pro-
! posed system more attractive to small
4 country banks.
/ Representatives Of small banks IN the
/ south and middle west appeared before
/ the senate banking and currency COM
I mittee yesterday to criticise the admin
/ istration currency bill. Generally the
| small banks endorsed the purposes of
| the bill as framed, but in several cases
| amendments of importance, proposing
| changes that would offer advantages to
/ smaller banks, were suggested
| The principal objection voiced was
/ against the provision which would deny
4 the bankers of the charge collected on
( out Of town checks These collections,
I the bankers said, represented consider
! able profit and should not be taken
/ from the banks. Another general OBJ
! lection was entered to the scheme pro-
! posing u regional reserve banks The
! bankers recommended a smaller num-
/ Der or even a single bank to concentrate
} the reserves Of the country
| Propose Government Ownership.
! Government ownership of telegraph
| and telephone lines is to be proposed
I in bills representative Lewis, Of Mary
I L. IT, rrr4%sr