The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-09-09
TARIFF BILL VICTORY

| setting machines, lumber, hair of the
angora goat.
! The senate has placed in the bill
a tax on cotton futures. aimed 10
prevent gam bling. 1t provides for a
tax of one-tenth OF / per cent per
pound on all sales of cotton futures,
with a refund when actual delivery
/ is made. 1t Is believed that this will
be stricken out in conference between
| the two houses.
! The senate amended the house bill
| by striking out the anti dumping
clause. which would prevent foreign
manufacturers from dumping into the
American market a surplus of their
goods at lower prices than are charged
! for the same goods abroad. The sem
ate also struck out of the bill the pro-
! vision which would give a reduction OF
8 per cent in all the duties charged
upon goods imported In American bot
toms.
1t inserted a provision which pro-
hibits lawyers from taking customs
appeals cases on the contingent fee
plan in an effort to reduce the amount
of litigation over the customs.
Makes Many Changes.
In the chemical schedule the sem
ate has made a great number of
amendments. the reductions and in
creases being about equally divided.
In the glass and earthenware sched-
ule, cement. upon which the house
placed duty of per cent ad valorem,
was placed on the free list. The SEN
ate adopted a new classification for
mica, making the duties specific in
stead of ad valoren, and slightly in
creasing the rates
| The window glass schedule was
! finally left as in the house, though an
J n
on the smaller sizes. The senate made
| a number of reductions in the glass
/ schedule. including a reduction on sur
/ veying instruments. microscopes, pho
1 tographic lenses and frames, from 80
I per cent ad valorem TO % per cent.
- The hnnSfa-had- a. duty of percent
on pig iron, and the senate put 1t on
the free list. The house also had
| duty of per cent on iron slabs,
| blooms, etc, and the senate added
them to the free list. The senate re-
duced the duties on automobiles
valued at less than $500. 1t also
| reduced the duty on motorcycles from
40 per cent al valorem to 25 per cent.
Slight increases in the duties on zinc
ores were made by the senate.
/ The same provisions for reducing
| the duty on sugar and for making
sugar free a. the end Of three years as
In the house bill were retained by the
senate. But an amendment was made
providing that the new reduced duties
shall not go into effect until March !,
1914.
In the agricultural schedule, the SEN
ate free listed cattle and sheep. which
the house taxed at 10 per cent ad
valorem. 1t reduced the duty on oats
from ten cents per bushel. the house
rate to six cents. 1t reduced the duty
on beets from o per cent to . per cent
ad valorem; II reduced the duty on peas
from fifteen cents per bushel to ten
cents per bushei, and II placed wheat,
which the house had taxed at ten cents
per bushei on the free list. The SEN
ate reduced the duty on Zante currants
from two cents per pound TO one cent
The senate has placed duty of one
tenth of i per cent per pound on ba-
nanas. They have always been free In
the past
The liquor schedule remained about
the same, though the senate placed a
tax of s1.10 per gallon on brandies used
in the manufacture of wines.
The senate has made slight increase
in cotton yarns and tops. It has re-
duced the rates somewhat on cotton
stockings. Many large reductions were
made in the fax. hemp and Jute sche-
dule, including the free listing of fax,
hemp and jute. In the wool schedule
the senate reduced the duty on tops
from Is per cent ad valorem to per
cent, and on yarns from 90 per cent to
Is per cent. Wooden blankets valued
at less than 40 cents per pound were
put the free list
proviso was adopted by the senate
that the new duties ON the manufac-
lures of wool should not go into effect
until January /. 1914. 1t also adopted
a proviso that the free listing of raw
wool should not take effect until De-
cember /. 1913.
The Silk Schedule.
In the silk schedule the senate
changed almost entirely to specific rates
from ad valorem rates of the house
for the purpose of administration Ev-
cry effort was made not to increase the
rates in this change.
The income tax section of the bill
provides for an exemption of $4,000.
with an additional 81 900 If man or
woman be married and $500 additional
for each minor child up to two. The
| rates are to be l per cent on all in
come from IS, 900 to $4,000. per cent
on all income from 10000 to 10000; 3
per cent on all income from $4,000 to
! SIS, 0000: per cent on all income from
/ SIS, 600 to 800, 900: S per cent on all
1 income from 100000 to s25o.o0o: 6 per
/ cent on all income from $4,000 to
! $500 600, and on all income in excess
! OF 100000 per cent.