The Holly chieftain., 1913-04-11
NEW TARIFF BILL Is TO BE VERY
SWEEPING IN REGARD TO
REDUCTIONS.
CLARK HOUSE SPEAKER
REVENUE FROM INCOME TAX Is
EXPECTED TO OFFSET RE-
pUcTloNs IN TARIFF.

Western Newspaper Union News Service.
Opening Day Events In Congress.
sixty-third Congress convened In
Washington at noon Monday.
Champ Clark elected speaker of
Lower House by big majority.
President Wilson announced he
would read his own message to law
Goff of West Virginia and Sherman
Of Illinois sworn In as new senator's.
Tariff revision bill presented to
One Of provisions calls for free su-
from customs revenue.
Income tax bill introduced In Con-
gress.
Measure is expected to yield $780,
100000 and offset tariff reduction.
opening in extraordinary session Mon
day under Democratic domination,
was enlivened by the activities of the
Progressive organization IN the House
and an invasion of pctition-bearing
suffragettcs. But even these novelties
were evershadowed by the prepara-
tions for the precedent-breaking event
of President Wilson delivering his tar
tff message by word of mouth to the
nations lawmakers.
Organization OF both houses of Con-
Eress was partly CONCLUDED. Speaker
Clark was reelected over James r.
Mann (Rep), and Murdoch and other
officers of the House also were re-
elected.
Bills and resolutions to reform the
nation'a currency system. to prevent
floods in the Mississippi river, to pro-
vide for relief Of flood sufferers. o
build government railroads in Alaska,
and for host of other purposes, haze
been introduced in both houses of
Congress.
Washtngton.-Removal of all tariff
from many articles of food and cloth
ing; broad reductions in the rates of
duty on all necessaries of life; an in
crease of tariff on many luxuries and
a new income tax that would touch
the pocket of every American citizen
whose net income exceeds $4,000. are
the striking features of the new Demo
cratic tariff revision bill presented to
the House.
Sugar would be free of duty in 1916,
the bill proposing an immediate twen-
ty-five per cent reduction and the re-
moval Of the remaining duty in 1916.
Raw wool would be made free at
once with a correspondingly heavy re-
duction in the tariff on all wooden
goods.
All these other articles are put on
the free list, namely: Meats, flour,
bread, boots and shoes, lumber, coal,
harness, saddlery, iron ore, milk aud
cream, potatoes, salt, swine, corn,
corn meal, cotton bagging, agricultu-
raj implements, leather, wood pulp,
Bibles, printing paper not worth more
than 214c per pound, typewriters,
sewing machines, typesctting ma
chimes, cash registers, steel rails,
fence wire, cotton ties. nails, hoop and
band iron, fish, sulphur, soda, tanning
materials, acetic and sulphuric acids,
borax, lumber products, including
broom handles; clapboards, hubs for
wheels, posts, laths. pickets, stoves
and shingles.
These principal items were taken
from the free list and taxed: Rough
and uncut diamonds and precious
stones, furs, coal tar products, ten
per cent; volatile oils, twenty per
cent; spices from 1c to &c per pound.
The new rates are estimated to re-
duce the customs revenue approxi
mately $SO,0O0,O00 year. This is ex-
pected to be made up by the income
tax.
Protection to the steel and imple-
ment manufacturer would be cut by
fully as wide margin.
In state nent accompanying the
bill, Chairman Underwood said tha.
the measure, in the opinion of its
makers, would revise the tariff ito a
basis of legitimate competition, such
as will afford wholesome influence
on our commerce, bring relief to the
people in the matter of the high cost
of living, and at the same time work
no detriment to properly conducted
manufacturing Industries"