The Holly chieftain., 1913-04-18
Congressman Underwood Ex-
plains What II Means to
the Country.
REDUCE REVENUE $50, 600, 900
Places Raw Wool on the Free List.
and Heavily Reduces the Sugar
Duty-Raises Rates on Sew
eraI Items.

clothing, broad reductions In the rates
Of duty on all necessartes Of life. an
increase 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 Dem
ocratic tariff revision bill.
Sugar would be free Of duty in 1915.
the bill proposing an immediate z6 per
cent. reduction and the removal of the
remaining duty in 1916.
Raw wool would be made FREQ At
once. with a corresponding heavy re-
duction In the tariff on all woolen
goods.
Placed on the Free List.
Other articles are put on the free
list as follows: Meats. flour. bread.
boots and shoes. lumber, coal, harness.
saddlery, iron ore. milk and cream, po-
tatoes, salt, swine, corn, cornmeal,
cotton bagging, agricultural imple-
ments. leather, wood pulp. Bibles.
printing paper not worth more than
2h cents pound. typewriters, sewing
machines, typesetting machines. cash
registers. steel rails, fence wire. cot
ton ties, nails, hoop and band iron,
nsh, sulphur, soda. tanning materials.
acetic and sulphuric acids, borax, lum-
Der products, including broom handles,
clapboards, hubs for wheels. posts,
laths pickets, slaves, shingles.
These principal items are taken
from the free list and taxed: Rough
and uncut diamonds and precious
stones. furs, coal tar products. 10 per
cent; volatile oils. 20 per cent;
spices, from cent to Q cents per
pound.
chalrman's Comparative Table.
Chairman Underwood of the ways
and means committee, in his state
ment accompanying the new bill. gave
a comparative table to show reduc-
tions In tariff duties made upon neces-
earies. In each item both the pres
ent tariff and the proposed tariff had
been reduced to an advalorem basis.
The new rates are estimated to re-
duce the customs revenue approx
mately $S0,000,000 year. This is ex-
pected to be made up by the income
tax.
Indorsed by President Wilson, the
measure represents the efforts of the
president and house tariff makers to
carry into effect Democratic pledges
of downward revision and of conces-
sions to the American consumer.
Protection to the farmer would be
cit throughout by more than so per
of food. Protection to the steel and
implement manufacturer would in
turn be cut by fully as wide a margin
Heaviest reductions fall upon food
stuffs, agricultural products. wooden
and cotton clothing.
Free Wool and Free Sugar.
The free wool proposal, backed by
President Wilson and accepted by the
house committee. is expected to pro-
woke severe fight within the Demo-
cratic ranks OF both houses. 1t had
not bec6me clear whether the Demo-
cratic opponents of free wool and free
sugar in the senate would be able to
force a compromise on one or both
these provisions.
The decision to make gradual re-
duction In the sugar tariff was reach
Su Wy tuo " icoiuShl nuu tho uOubo
committee after Louisiana cane grow
ers declined compromise that would
have established a one-cent per pound
tariff for three years, with free sugar
in 1916.
Duty Cuts In Detail.
Chairman UnderWood's statement
giving the changes in detail continues
as follows:
".In the chemical schedule the rates
on certain commodities show heavy
reductions. For instance. boracic acid
is cut from 1870 per cent. to 21.43 per
cent, glue from 35.O6 per cent. to
14.29 per cent. and red lead from 60.35
per cent. to Is per cent. Moderate re-
.ductions have been made on medicinal
preparations, which IRE cut from 25
per cent to Is per cent, backing from
rs per cent. to 15 per cent, drugs
from 1855 per cent. to 10 per cent,
and olive oil from 35.1s per cent to
.21.05 per cent. The schedule contains
a number of articles on which either
mo reduction has been made or an ad-
vance provided for.
Rates on all brick have been cut
on the average from 1923 per cent.
to 1923 per cent, tile from 47.S4 per
cent to 1886 per cent. asphalt from
27.o5 per cent. to s.62 per cent Or