The Hattiesburg news. (Hattiesburg, Miss.) 1908-1917, 1913-06-12
SENATE INCREASES
TARIFF FREE
list
ESTIMATED ANNUAL Loss FROM
REDUCTIONS MILLION AND
HALF DOLLARS.
SLIGHT INCREASE ON COTTON
Average Raise of About Five Per Cent.
Over House Schedule on Yarns-Me-
tion Of Committee Will Be Guarded
Until Caucus Passes on eiIi. f.

Washington. June 12.-Changa m.
the Underwood tariR bill By the Sen
ate Finance sub-committees transfsring
proposed dutiable articles to the frss
list win aggregate an estimated annual
loss in revenue to the government e
nearly million and q half dollsr&
This curtailment Of the total estt
mated revenue under the House bill b
based only on the articles known 10
have been transferred to the free List
thus far on the subcommittee recon-
mendations and does not take into 40
count decreases in duties which will be
proposed on many articles. Added 10
the s25.000.000 estimated loss In reve
nue. under the House bill free list, this
would aggregate $26,500.000.
Included in the Senate list are the
revenues that would be derived from
hemp, which the Underwood bill makes
dutiable, but which the Senate sub
lcommittee today decided should be
transferred to the free list. Hemp win
be sent to the caucus on the free list ON
the ground that it belong there IL other
products of the farms. such as cattle
and wheat are to be free listed as It
would result in cheaper twine to tho
farmers and compensate them some
what by reducing their harvest expen-
ditures. Hemp, both plain and hack
led, the subcommittee proposes to re-
move from the dutiable list, the former
from $11.20 a ton and the latter from
one cent a pound in the Underwood
bill
, Some Of this loss in revenue maye Do
y made up by countervailing duties on
5 certain agricultural products, but this
q amount 1t is estimated will not be
l. large.
/. Among the articles which the Senate
e subcommittee had added to the FREQ
Q list and the estimated revenues cut on
a are:
T. Pig iron, 100000: ferro-manganese
j. and spiegeleisen, $126. 500; hemp. s7ss
n 400; live stock. $3.50. 900; wheat. $780,
Il 900; Photographic films. $4,000; CO
g. dar wood, $4,000; coal tar dyes, $50.
600; total of $1.417,s00.
IS The majority members of the Fl
nance Committee opposed publication
at this time of detailed changes In thu
Underwood bill approved by them OF
subcommittee recommendation
=, The committee Wednesday had un
n der consideration the changes in tn
cotton schedule proposed by Senate
Johnson's subcommittee. Most Of then
he were approved, but ore or two matter
nv were referred back to the subcommit
In tee for further consideration. In thi
I'M schedule the net result of the altere
rates will increase the average cotto
A. rates in the Underwood bill about
"a per cent, the principal changes affec
80 ing cotton yarns. This is probably th
ms only scneouie ih mnion 0o""'' '
4. will result In an increase.
The majority members OF the col
mittee decided their action should
guarded as much as possible until q
caucus can have chance to act D
cause the caucus might In some ms
ters reverse or otherwise alter q
cisions.
'lic The metal and earthenware sche
nus ules were considered for time we
''ii nesday, but discussion on them "
tne continued until Thursday.
OF Senator Williams subcommittee
'ro- still working on the income tax ana
Ohm ministrative provisions Of the bill.
day expects to report today. 1t has Dc
Test decided to eliminate the antidump'
clause and the per cent tarin disco'
the ON imports on American ships
rag some modification will be reached
hich the provisions directing foreign ma
arm facturers to submit their books WI
rgot- valuations are in dispute. The incc
the tax also will be modified to give mu'
have life insurance companies an opport
.ases ty to claim exemption by proving :
are not conducted for proht.