The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-10-04
provisions Of law to complicate their

provisions of law to complicate their
activities
The Federal government has been
spending nearly billion dollars n
year, and the new tariff law will raise
less than one third OF that sum. Re-
cent estimates by tarifr experts in
Congress predict that the rates Will
raise $2is.ooo.00o year. and that the
income ard corporation taxes Will
raise $122.o00.e00. The remainder of
the governments great income is made
up principally OF internal revenue taxes
and postal receipts
The income tax probably will bring
;ho new tarin law most forcibly TO
the attention OF citizens. President
Wilson and Democratic leaders IN
Congress believe. however. that the re-
duction OF duties on clothing. food
s;ufrs and other necessaries OF life,
and the complete removal of tho duty
from many like articles VIII eventual
~ bring a reduction in the cost OF
living without materially affecting
business prosperity.
Summary of New Inv.
A brief summary of the new tarin
law as prepared for the Senate follows:
Average percentage OF tarin
rates as compared to the value of nil
imported merchandise: old law, 81 per
cent. new law. 81 per cent
Value Of annual imports added to
the free list, sl47.oQ0.0O0.
Estimated revenue from all import
rates, old law. o5,oOO,ooo new law,
S2i9.00o.O00
Estimated revenue from corporation
and income taxes: old law, $4,000, go:
new law, sl2e.000,o0o.
Altogether. consumers in the United
states probably will receive from
abroad. free OF all tariff more than
100000, 600 worth OF merchandise
during the next year. During 1912 the
amount of free imports" was more
than sSs0.000,o goo, and when the tnrin
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 20 the United states from all
parts OF the world paid no tariff and
that proportion VIII be increased by
the new law.
The free wool provision OF the new
law takes effect December !. 1918; the
free sugar provision. May i. 1916.
Nine Months of Work.
The new tariff law, passed four years
after President Taft signed the exist
ing Aldrich Payne law, is tho result Of
more than nine months OF work in
Congress. Hearings were started Jan
nary by the House WAYS and Means
0biNlllib'c chairman Inuer&GCd IN
tro iuced the tariff bin April =, ir,r- edi-
ately after President Wilson had con
Nened the new Congress. 1t passed
Tho House May and the Senate Sep
tcuber Q.
In the opinion of its makers. tho
Democratic leaders of Congress, the
most important features of the new
tariff are:
reduction OF nearly one-half in
the average tariff on foodstuffs and
farm products.
Tho placing of raw wool on the free
list and reduction of nearly two
thirds in the tariff WOODEN cloth
ing. especially OF tho cheaper grades
a reduction OF ono third (avcraEc)
on cotton clothing.
reduction OF the sugar tariff and
its ultimate adjustment in 1916
reduction of one-third taverage)
in the tariff on earthenware and
glassware.
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.
Republicans Make Attack.
Throughout the long fight over the
bin the Republican attack on the meas
ures has been directed against those
rates which the Republicans declared
were so low as 10 threaten destruction