Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-06-30

Unofficial estimates by members
of the ways and means committee,
however, placed the expected re-
turn as high as seven hundred
million dollars a year. The Payne
Aldrich law in the normal pre-war
wears produced q little more than
three hundred million dollars
year.
Rates Raised and Lowered.
Examination of the bill shows
that in some cases the rates pro-
posed are higher than correspond
ing raise of the Payne-Aldrich
law, while others are correspond
ingly lower.
An estimate Of how the whole
bill compares with the Payne
Aldrich law would be possible
only through detailed study by
tariff experts, because the sched-
ules of the new bill are in many
cases not framed in parallel with
the schedules of the Payne law.
In comparison with the Under
wood tariff law of the Wilson ad-
ministration, the new bill removes
many articles from the free list.
although it leaves a large list Tree
of duty, including print paper,
wood pulp, leather and harness
and agricultural implements. it
raises the duties on the great bulk
III imports. afreaay being. taxed
1t has made no notable additions
TO the free list.
Reduction in Wool Schedule.
Comparison of the wool sched-
ule with schedule K of the Payne
Aldrich bill, over which a bitter
fight was waged in congress, show
ed material reductions in a num-
ber of instances. In the items or
hose and gloves the duty fixed by
the committee was thirty cents a
pound and twenty-five per cent
ad valorem duty in addition, While
in the Payne bill the rate was ~
cents a pound and sixty per cent
ad vh1orem. Clothing, as Fixed IN
the hill, carries twenty cents @
bound am. rs per cent, rs ac''1nst
A. cents a pound and so per cent
In the Payne 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 republican rate of 80
to "A cents a pound and SO to 30
per cent ad valorem.
Democrats Checking Up.
Republican members Of the
committee declared today that the
rates on wool were much below the
Payne -Aldrich schedule. Demo-
cratic members of the committee
did not have access to the bill un-
til 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 change, it was said, by a repuo-
lican caucus.
The most important change maze
at today's meeting was a turn
about on the question of oil. After
voting down last week proposal
to tax crude petroleum, the COM
mittee, at the eleventh hour, put a
tax of thirty-five cents barrel on
crude and 20 cents a barrel on fuel
oil.
te LuIHDcr SCne0uic SiaAneu.
The lumber schedule, as origin
ally drawn, was cut to pieces last
night by the committee which fin
ally Needed the appeal of republi-
cans to have finished lumber kept
on the free list. Shingles. however,
were taxed in the lumber schedule.
but many other items were not.
In deciding to drop the retalia-
tory tariff proposal the committee
provided that If any country i'm
posed a duty on any of the free list
lumber exported from the United
States, the president might enter
into negotiations with 1t to obtain
removal of the tax, and falling
would be empowered to declare
equal rates on the product imported
from such country.
To Adjust Differences.
The leaders in the fight to have
lumber remain on the free list In
> ~ dfffarnnnnc