Las Vegas optic. (East Las Vegas, N.M.) 1908-1921, 1913-10-04
COMPETITION IS ASSURED
DEMOCRATIC LEADERS SAY THE
BUSINESS OF COUNTRY
WILL IMPROVE
AMPLE REVENUE EXPECTED
BUT AN EARLY LOSS OF $1o,ooo,-
900 ON IMPORTS is PRE-
DlcTED

Washington, Oct. 4.-With the
democratic tariff law consummated
activity today was transferred from
the halls Of congress TO the treasury
department where Secretary McAdoo
and Assistant Secretary Hamlin be-
gan the development of plan of en-
forcement.
Treasury officials declared that the
new act will be the lowest tariff law
in the history of the country, with
the possible exception Of the Walker
tariff of 1916 and its amendatory
tariff Of 1857.
With President Wilson and the
congressional trainers of the law
they declared it was competitive
tariff" and freely expressed the con-
viction that business would be IN
vigorated and sustained through its
operation. Officials were equally
confident that it would afford the
government ample revenue.
1t is roughly estimated that $780,
100000 worth of merchandise, held in
bond, soon will be withdrawn and
payment Of duty made under the law.
'Gompared with the Payne-Aldrich
act this viii mean a loss of $1O,OUO,-
0OGsto the government Treasury Of
ficials maintained tnat these with
drawals would have no perceptible
effect on the business OF the country.
The most difficulty administrative
feature of the new act is the income
tax provision. This entirely new ven
ture win require the work of experts
to draft a workable plan that will
insure the government receiving its
lawful dues from every taxable cit
izen
Wilson Is Pleased
President Wilson went to the golf
links early today, according to his
Saturday custom, and when he re-
turned to the White House shortly
before noon, found many kilograms
congratulating him on the signing of
the new tariff bill. With the con
gratulations came, in many cases, the
sentiment, now for currency legis-
lation."
s. In tits spirit the president took up
the task Of accomplishing the second
big measure of his administration.
At the White House and legislative
quarters generally there is conf
dence that the currency bill, already
passed by the house, will be passed
by the senate and signed by the pres
ident before many weeks. The opin-
ion prevails that if the work is not
completed before the December ses-
sion Of congress begins, it surely will
be by January l.
Bryan Also Beams
Secretary Bryan today endorsed
the new tariff law as the best tariff
measure since the civil war and pre-
dicted the early passage Of the cur
rency bill. Mr. Bryan issued this
statement:
'aThe tariff law that went into force
last night is the best tariff measure
since the war, and all who have
taken part in preparing and passing
it are entitled to great credit. It is
better bill than we were able to
pass 20 years ago, and rejoice that
political conditions are such as tC
make the present law possible
"The Wilson bill was compelled K
carry a burden that will not fall on
the present law ard ought not tc
have fallen on that law. The Wilson
law provided for an income tax
which was held unconstitutional b!
a divided vote. the one majority
having been secured by change 0
opinion on the part Of one judge be
tween the two hearings Of the case
@The notification OF the income taz
portion Of the Wilson law reduced
the governments income until II