Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1913-09-12
FFb|LLASPASSED
FREE LIST ADDS s44, ooo,o 900 COST,
BUT SENATE LEADERS SAY
REVENUES WILL OFFSET.
HAVE FREE SUGAR IN YEAR 1916
AID vaIorem Rate Shows Big Cut on
Existing Tax-Many Changes
Made-Large Number Added
to Free List.

Washington.-The tariff bill as it
passed the senate retained the princi-
pal house provisions, including free
sugar and free raw wool, but revised
other rates still further downward.
The average ad valorem rate in the
bill now is approximately 26 per cent,
a decrease of % per cent from exist
ing rates and 4 per cent lower than
the rates of the house bill.
The Senate's additions to the house
free list, with 1912 as basis, will cost
the government more than $44,00O,OOO,
but by adding a tax of one-tenth of one
cent a pound on cotton sold for future
delivery, tax of one-tenth of one cent
a pound on bananas, requiring full
internal revenue tax of $1.10 a gallon
on brandies used to fortify wines and
by increasing the surtax rates on large
incomes Senate leaders believe. they
have provided an actual increase
That is a point disputed by Majority
Leader Underwood of the House.
important Changes.
The Senate made these other impor
tant changes: Lowered the normal
exemption from the one per cent in
come tax from $4,000 to $4,000 for sin
gle persons, with exemptions for wives
and dependent children; exempted the
incomes of mutual life insurance com
panies which revert to the benefit Of
stockholders; increased the graduated
surtax on large incomes to maximum
of 6 per cent on those more than 5000,
600; exempted incomes of municipal
ties derived from operation of public
utilities, and changed the date iron
which the tax shall be computed fol
the first year from January l to Marcel
/, 1913.
Free listed cattle and other liv'
stock, wheat, hair of the angora goa
and some other agricultural products
restored oatmeal and rolled oats to thu
dutiable list, and provided an elabo
rate inspection of meat imports.
Reduced house rates on wooden man
ufactures to become effective Januar.
1, 1914.
Provided in the sugar schedule TO
immediate adjustment of the dutie
standard test; postponed operation o
proposed reduced rates until March
1914, leaving the provision unchange
for free sugar in May, 1916.
Slightly increased rates on finer col
ton goods, reclassifying the whole col
ton schedule and changing the sill
schedule from an ad valorem to spt
cific basis.
Many Jobs Provided.
Provided for an administrative fore
to handle income tax collections will
out regard to requirements of the civ
service.
Struck out a countervailing duty o
n, wood pulp.
w treaty. reduced rates of the metz
.eaule-
MStruck out many reform provision
Vn administrative section; rejected tn
Apti-dumping clause; the per cent r
dX,tion on imports in American We
sels and their requirement for inspe
tim of books of foreign manufacturer
in differentiation cases, but added
provision giving the president autho
itv to retaliate against matt ms whio
discriminate ageinst American goot
by proclaiming increased rates on ce
tain goods; adopted provision exclu
ing goods manufactured chiefly
child labor and provided for the ere
ton of a commission to revise the Gu
toms laws.
Additions to Free List.
Important additions to the free Ii
included:
Anthony ore, limestone, aspha
asphaltum and bitumen, fabrics Of ju
warns. blankets valued at less than
cents a pound, text books, sugar m
chinery, cast iron pipe, surgical CT
gut. cement, creosote oil, denatured
cohol, flax and hemp, fur and I
skins, gunpowder, pig iron, spiege
sen. ferro-manganese, wrought ir'
slabs and blooms, Photographic me
ing picture films, steel ingots, bloor
and slabs, cattle and other live stoc
wheat, angora goats and alpaca wo
paper Irvine for binding wool.
THAW SAFE YET.