Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1921-06-30
ZOO MILLION
REVENUE SEEN
SAY BOOSTERS
Measure RemovesM Many
Articles From Under
wood Law Free List.
Finished Lumber Free,
Shingles, Crude and
Fuel Oil Are Taxed.

Washington, June 29.-CBy
The Associated Press) s).-The
administrations permanent
tariff bill was introduced Wed
nesday in the house Of repre-.
sentatives and for the first
time was made public. Nc
explanatory statements ac-
companied the introduction of
the measure as has heretofore
been customary and no offic-
ial estimate was made of the
revenue it is expected to re-
turn. u.-
Unofficially estimated by members of
the ways and means committee, how
ever, placed the expected return as
high as $7OO,OO0,OOO year. The
Payne-Aldrich law in the normal pre-
war years produced little more than
$500, ,OOO, 600 year.
Examination of the bill, which COW
ers 346 printed pages, shows that in
some cases the rates proposed are
higher than corresponding rates of
the Payne -Aldrich law while others are
correspondingly lower.
5t Job for Experts. ~.
An estimate of how the whole bill
compares with the Payne Aldrieh law
would only be possible by tariff ex-
perts making q detailed statement be-
cause the schedules of the new bill are
in many cases not framed in parallel
with the schedules of the Payne law,
but are differently construed.
In comparison with the Underwood
tariff law of the Wilson administration.
the new bill removes many articles
from the free list, although it leaves
a large list free of duty, including
print paper, wood pulp, leather and
1t raises the duties on the great bulk
of imports already being taxed. 1t has
made no notable additions to the free
list.
Compared to Schedule K.
Comparison of the wool schedule
with Schedule X of the Payne-Aldrich
bill over which bitter fight was wag
ed in congress, showed material reduc-
tions in a number Of instances. In the
items of hose and gloves and the duty
fixed by the committee was 30 cents
pound and 25 per cent ad va
lorem duty in addition, while in the
Payne -Aldrich bill the rate was A
cents a pound and 60 per cent ad va
loren. Clothing, as fixed in the bill,
carries 20 cents pound and 70 per
per cent in the Payne-Aldrich measure.
The same degree Of shading was
made by the committee in knit fabrics,
at 25 cents pound and 20 per cent
ad valorem against the former Repub-
lican rate Of 80 to Al cents pound
and so to IS per cent ad valorem.
Defend Wool Rates.
Republican members of the commit
tee. refusing heretofore to give any
intimation as to the exact provision
of the measure, declared that the rates
on wool were much below the Payne
Aldrich schedule. Democratic mem
bers of the committee did not have
access to the bill until late today and
they were at work tonight in an effort
to find out just how it compared.
In the rush to get the bill to the
house, the committee had no time to
submit a report, but it is subject to
changes, 1T was said, by Republican
CAUCUS.
After voting down last week pro-
posal to tax crude petroleum, the COM
mittee, at the eleventh hour, put tag
of IS cents a barrel on crude and 70
cents a barrel on fuel Oil.
Finished Lumber Free.
The lumber schedule, as originally
drawn, was cut to pieces by the COM
mittee, which finally needed the ap-
peal of Republicans to have finished
lumber kept. On the free list. Shin
giles, however, were taxed in the lum-
Der schedule, but many other items
were not. There was no lumber sched
ule by name, the numerical system be-
ing followed.
In deciding to drop the retaliatory
tariff proposal, the committee provid-
ed in the bill that if any other coun-
try imposed duty on any of the free
list lumber exported from the United
States, the president might enter into
negotiations with it to obtain removal
of the tax, and, failing in his efforts. |
would be empowered to declare equal
rates on the product imported from
such country.
Most Of the talk around the capitol |!
in the last week has been over Ium-
her, which was expected to be the real
bone Of contention at the first party |
caucus.
Complaint on Shingles.
But although the leaders in the fight |
to have it remain on the free list in |
dicated that such other differences as !
might exist on the subject would be |
adjusted, the tax of so cents thous-
md on shingles brought some COM
tCoySthued on Page Nine.)