Newspapers / The Asheville Times (Asheville, … / April 7, 1913, edition 1 / Page 1
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FULL ASSOCIATED PRESS SE2YIC3 BY LEASED W1BX A ,J flrf:.. LAST EDITION 4:00 P.M. Weather Forecast F.UR; LIGHT FROST. ' OL. XVIII, NO. v . ASHEVILLE, N. 0, MONDAY AFTERNOON, APRIL 7, 1913. PRICE THREE CENTS 3 WEEimiG: TARIFF REVISION PLANNED EXTRA SESSION IS Democratic Measure s Provisions Placed Before Congress MR. WILSON FAVORS AN OMNIBUS BILL But Schedule ' by Schedule Revision Is Advised By Senators. ( By Associated Frass. ':. Washington, : April 7.- President Wilson said today he . was " "on the fence," as to whether the tariff should he revised schedule by sclirdule or In a single bill. Seven democratic mem hers of the senate finance committee argued unanimously with the presi dent for a seliedule by schedule re vision, but at Its conclusion the presi dent said he would still furtlu'r eon-J Miler tlie matter before .reaching de cision. . ' ' The president had fntrly made up his mlurt that tlie single Mil Idea was the more effective and believed , that such measure could pav. - He told the senators that lie did not think any senators by voting against the Mil would venture to bear the burden of responsibility for defeating the- party " program. It. was suggested that the Louisiana senators would oppose the bill, but the prerideM, Jt was said, toofc aeconnt of lut loss, but figured, t that the measure still would have : enough vote to pass. ? . iThe senators went away with the i Impression that while .the president : was still open to conviction, he was in ; cllned somewhat to the Blngle tariff bill. t ' ; ' ' i The entire question must be decided ' as far as. the president's wishes, are !: concerned before the democratic 'cau . cue meets tomoiTOW. ...Representative A. Mitchell Palmer ' of Pennsylvania, chairman of the , caucus, sought the president's opinion i as to whether the caucus tomorrow ' should be open. ' ' "I have always been in favor of the . open caucus," said the president Washington, April 7. Removal of " all tariff from many articles of food , and clothing j broad reductions in the rates of duty on all necessities or life: r an Increase of tariff on many luxuries: and a new Income tax that would touch the pocket of every . Amerl- : can cltlien whose net. Income '.exceeds $4000, are the striking fea- , lures of the new democratic tariff bill presented today to the house. Hugar will be free of duty In 11. : the ibHI proposing an Immediate 3A per cent reduction and the removal of ' the remaining duty In 191. Raw wool would be made free at once, with a correspondingly heavy ; reduction In tlie tariff on all woolen goods All these other articles are put on the free list, namely: Meats, flour, . bread, boots and shoes, lumber,-coal, fyarnesa, saddlery. Iron ore, milk and cream, potatoes, salt, swine, corn, corn meal, cotton, bagging, agricultural Im plements, leather, wood pulp. Bibles, printing paper not worth more than 2 H centt per pound, typewriters, sew ing machines, type- setting machines, cash registers, stesl rails, fenee wire. cotton ties, nails, hoop and band Iron, filth, sulphur, soda, tanning materials, aretle and sulphuric acids, borax, - lumber - products. Including broom handles, clap boards, hubs for wheel, post-, lath, pickets, staves, shingles. Items Takro from Free List. These principal Item are taken from the free list and tsxed: noughand uncut diamonsarid prec ious stones, furs, coal tar products, , 10 per cent; volatile oils, 10 per cent: spice .pom 1 cent to..! esnte , per pound.),. . ,,. . ,.-.. , Chairman Underwood, of the ways and . means committee. In his , stale- ' ment accompanying the new tariff bill, . gave-the following comparative tdlils, 4o show reductions In . tariff duties, made upon necessaries. , In each Item, both the present tariff and the proposed tariff had been reduced . to an ad vajorurn hast: , ' .. .. -. . Present Macaroni, etc .34.25 23.81 Rice, cleaned ...-.. .54.05 . ... 33.83 Eggs ..t , . ....36.38 , 14.29 Stocks, etc., of fruit - trees .......... .54.44 27.68 30.00 . 15.00 25.69 30.00 50.00 35.00 ; 25.00 . 30.00 25.00 30.00 35.00 36.00 - 15.00 25.00 : 15.00. -'T15.60 14.00 20.00 10.00 25.00 Mineral water ...... 43.66 Spool thread '. ... . ... 22.95 , Cotton cloth . . . , . . . .42.74 Cotton clothing ..... 60.00 Stocking hor and half hose, selvedged. 75.38 Men's and boys' cot ton work gloves. ..89.17 Knit shirts, drawers, etc., and under wear .'.60.27 Collars and cuffs.. . .49.10 Blankets ..i,.. 72.69' Flannel . . . . ..93.29 Clothing ready made. 79.56 Women's and child ren's dress goods. .99.7,0 Sewing atlk - 1 . . . , . 25.08 Wrapping paper . , v. 35,00 Books .. A, ,i.v,.....t.0 Brooms ,tf ..v.--.-. 0.00 Matches ... ....... .27.59 Harness and sadderly,. '. other than leather. 35.00 India rubber, manu ¬ factures of .......35.00 Lead pencils 39.00 ; The new rates are estimated to re duce the customs revenue approxl mately 380,000,000 a year. This Is expected to be made up by the Income tax. Endorsed by President Wilson, the measure represents the efforts of the president and the house tariff makers to carry into -effect democratic pledges of downward revision and of conces sions to the American consumer. Proposed .. Law. ,17.86 Article., - Law. Cream of tartar ;...2M5 Medicinal .prepara tions.. ....69.08 31.11 Cnstor oil ........... 3. 19 , 16.00 Wash blue 13.69 16.00 Palt peter 9.17 1.87 Common soap ..I... 20. 00 6.00'. ftalrrstus, or blear. nonets of soda ...21.64- 1.59 Hal soils, i washing soda . .. ,20.91 18.26 t'nrax. refined .... .21.22 1.11 Lime 9.17 6.00 Chins and crockery, ; not decorated .... ,66.00 26.00,, Grindstone 1.21 1.8.1 m-vcl 46.00 2.ftf Packet knives. ., ...... 77.48 3K.00.IM" Tlnsors ,'...v.7J 3(.OO.6fV.0 fk'btoirs nd shear. .63.77 30.00 Knlve H nil fork. .... .4l.!i ... 27 00 . ;;tm Sr.110 , 15 00 Culilo 57 07 10.00 . Protection to Farmer Cut. Protection to the farmer would be cut throughout by more than 50 per cent In an effort to reduce the cost of food. v ' Protection to the steel and Imple ment manufacture would In turn be cut by fully as-wide a margin. Heaviest reductions fail upon food stuffs, agricultural products, woolen and cotton clothing. The free wool proposal, backed by President Wilson and accepted by the house committee. Is expected to pro voke a, severe fight within the demo cratic ranks of both houses. It had not became clear today whether the democratic opponents of free wool and free sugar In the senate would be able to force a compromise on one or both those provktons. The decision to make a gradual re duction In the sugar tariff was reached by the president and the house com mittee after Louisiana can growers declined to accept a compromise that would have established a one per cent per pound tariff for three years with free sugar In 1916. - The Income tax, which will transfer indirect taxes levied through the tariff Into a direct tax upon the Income of Individual citizens and corporations. exempts all sums below 34000. In comes In exress of that amount will pay one per cent tax up to ,920,000, two per cent from 820,000 to 350,000; three per cent from 350,000 to 1100,- 00 and four per cent anove mat figure. . ' The present corporation tax, levy ing one ner rent on corporation In comes above 15000 would be retained s part, of the Income tax. Reclproolty Treaties Authorised. To 'encourage trade with foreign countries, the bill Would reverse the maximum snd minimum provision of the present tariff law. The new tariff rates would be the maximum tarm and the president would be given au thority to negotiate reciprocity treaties and make concessions to countries that grant favors to American exports. -In a statement accompanying the bill Chairman Underwood said ths meature would, In the opinion of Its makers, revise the tariff "to a basis of lettlllmat competition., auch as will afford a wholesome Influent on our commerce, bring relief to th people In the matter of the high cost of liv ing and at the same time work no detriment to properly conducted man ufacturing Industries." , "fn Its tariff revision work th com mittee ha kept In mind," he said, "the dKtinetlon between th necessi ties to the lowest points commensur ate with revenue requli ements and making the luxuries of It;' bear their proper portion of the tariff responM hlllt.ii Mnny Item of manufacture iH.ntrollBil hy monopolies have been pliK'fMl on the free lint." t'hcnileiils Sharply Cut. Chnlrtiuin t'li'lorwiimrs stntement giving the changes in detail continues as follows: In the chemical schenule the rates on certain commodities show heavy reductions. For Instance boraclc acid is cut from 78.70 per cent to 21.43 per cent, glue from 35.06 per cem; to 14.29 per cent and red lead from 80.35 per cent to 25.00 per cent.' Moderate, re ductions have been made on medicinal preparations, which are cut from 2 J per cent to 15 per cent, blacking from 25 per cent to 16 per cent, drugs from 12.65 per cent to 10 per cent and olive oil from 35.18 per cent to 21.05 Der cent. The schedule contains a number of articles on which either no reduction , has been made or an . ad vance provided for. Rates on all brick have been cut on the average from 30.23 per cent to 10.28 per cent, tile from 47.84 per cent to 23.36 per cent, asphalt from 37.05 per cent to 9.62 per cent. Ordi nary earthenware, which was already relatively low, being subject to an average duty of 24,67 per cent, has now bean cut to 15 per cent, while window glass has been given an average reduction ' on all glasses of from 46. K8 per cent to 28.31 per cent. Plate glass, which may be considered a luxury, still retains a duty of nearly 40 per cent, the average being 3H.46 per cent. In place of the duty or J.& per cent Jn the law. "Pig Iron and slabs, which were 16.35 per cent, and 17.79 per cent have heen cut to 8 per cent in each case; beams from 23.20 per cent to 12 per cent and forglngs from 30 per cent to 15 per cent. On the other hand, bicycles, a much more highly manufactured product, are dutiable at 35 per cent, as against 45 per cent and razors at 3 5. per cent, as against 77.68 per cent,' ... v. .The Lumber Rates, '.'The Idea of the large extension of the free list for the manufactured products has been the fundamental conceDtion. while the efforts has been made to Improve the status of the manufactured lumber. Thus sawed boards, other than cabinet wood, have been carried to the free list, while sawed cabinet woods which were 12.75 ner cent In 1912 are now 10.00 per. cent: casks, barrels,, etc, which were 35.00 per cent, are now 14.77 per cent, nu-Jiuug-XurnUra,. which was 35.00 Der cent Is now 15.00 per cent. "Tobacco and spirits have been found to be good producers of reve nue and have, therefore, been left at the same rates as in the present law. Agricultural Products Schedule, ; '"In the efforts to relieve the con sumer and to mitigate the high and rlsino- cost of living, schedule O. which deals with agricultural prod ucts, has been thoroughly revised and important reductions have been matte. For Instance, the duty on horsos has been reduced from 25.000 to 10.00 per cent; cattle to 10.00 per cent; barley from 43.05 per cent to 23.07 per cent macaroni from 84.25 per cent to 23.81 ner cent: hay from 43.21 per cent; flgs from 61.53 per cent to 42.10 per cent lemons from 68.85 per Cent to 24.03 per cent: live poultry from 13.10 per cent 'to 6.67 per cent; and vinegar from 33.03 per cent to 17.30 per cent Other changes are In proportion and the general effect has been to reduce in a. very material proportion the heavy taxes on Imported foodstuffs. "In schedule I., dealing with cotton comparisons of the principal items show reductions "on cotton thread from 31.64 ner cent to T9.29 per cent on spool thread from 22,95 to 15.00 per cent; on cotton ciom irom n.n per cent to 26.69 per cent; on water nrnof cloth from 60.56 per cent to 25.00 per cent: on reaay-maae cioui ing from 50.00 per cent to 30.00 per nent: on plushes from 61.40 per cent to 40.00 per cent; on hanaKercnieis from 59.27 per cent to 30.00 per cent on handkerchiefs from 69.27 per cent to 20.00 per cent; on stockings from 76.88 Per cent to 50.00 per cent; on gloves from 88.17 per cent to 35.00 per cent: on underwear from 60.27 per pent to 26.00 per cent: ana on cotton damask from 40.00 per cent to '. Der cent "Flax, hemp and their products have been similarly dealt with. Raw flax and raw hemp have been reduced from 22.40 and $22.60 per ton, re epectlvely, to 111.20 each, jute yarns have been cut from 28.90 per cent to 15.00 per cent: cable and cordage from 8.43 per cent to 4.85 per cent nil cloths for floors from 44.29 per eent to 15.00 per cent: handkerchiefs from 50.00 per cent to 85.00 per cent "Schedule K, dealing with wools and wool manufactures has been the center of criticism for many years and the committee has given it very care ful study. The result has been make raw wool free of duty, to reduce yarns from 79.34 per cent to 20.00 per cent: blankets from 72.69 per cent to 25.00 per cent; flannels from 53.Z per cent to 26.00 ' and 35.00 per cent; dress goods from 99.70 35.00 per cent; dress goods from 99.70 per cent to 85.00 per cent; clothing from 79.66 per cent to 35.00 per cent webbings, etc., from 82.70 per cent to 36.00 per cent and carpets from rates ranging from 60.00 per cent, to 8Z.0Q per cent o rates ranging from 20 to 36 "per cent. "Inasmuch as silk and silk goods are distinctly to be classed as luxurlos, It has been deemed wis to make out) very moderate reduction in the rate of duty. Partially manufactured goods' h been cut from 21.01 per cent to 1 5.00 per cent; spun silk ysrr from 37.18 per cent to 36.00 per cent; .lewlng silk from 35.00 per cent 15.00 per cent; silk goods from 52.8 per cent to 60.00 per cent; silk hand kerchief (plain) from 60.00 per cent to 40.00 per cent; ribbons from 60.00 to 40.00 per cent: artificial silk yarn from 41.78 per cent to 35.00 per cen ami hrnlils, embroideries and the Ilk Continued on pngo four. Scores of Familiar Faces Ab- sent as Congress Convenes to Enact Democratic Policies. DEMOCRATS CONTROL SENATE AND HOUSE HI Congress Is Amazed at Mr. Wilson's Determination to Read His Message to Extra Session. LEADERS CONSULTED THE PRESIDENT SAYS ariff, Currency, Philippine Independence and Canal Bill Among Measures for Consideration. Underwood and Kern Assured Him His Action Would be ; Agreeable to Congress Members. By Associated Press. . Washington. April 7. The house of the sixty-third congress this afternoon re-elected Speaker (Clark. He received 71 votes. James R. M.-mn of Illinois, republican, - received 111 votes - and Victor Murdock of Kansas, progres sive, received 18 voltes. Four progres sive republicans voted for Representa tive Cooper of Wisconsin. , Mr. Cooper voted for Representative Nelson of Minnesota. . Washington, April T.-A complete re vision of the tariff tyiw, modification of the nation's currency system; propos als for Philippines Independence, for repeal ef the Panama canal free-toll proWslon, and for the immediate con structlon of government-owned rail ways In Alaska, are the chief prob lems confronting the first session of the sixty-third congress, beginning at noon today. ' f Summoned by President Wilson for the express purpose of revising- the tariff, the new congress faces extreme pressure from many quarters for early action on thv other subjects named. Whether any-of these other than the tariff, will be taken up during the special session' depends upon the pro gress made with the tariff revision, and the success that may attend pre llmlnary work' -upon a general cur rency retornr-ffTfl.' ' ,V"r',. For the first time In 18 years, con gress assembled With both Its branches under control of the democrats, and with a democratic president - to co operate in shaping its policies, and to approve its acts. The tariff law to be passed by the special session that opens today will be the first general democratic revision-of the revenue laws since the act of August 27, 1894 known to history as the "Wilson-Gorman law," and which President Cleve land allowed to become a law without his signature. Scores of familiar faces were absent in both house In the house, the complete change In the seating ar rangements had made even old mem bera stranger to the scene. In place of the mahogany desks and swivel chairs to which member had clung for many years, stiff rows of leather upholstered benches, arranged In seml-clrcles, filled the house cham ber. The new bench system, some what similar to that of the British house of commons, gives no desk space at which members can write or work while In the house chamber. New members dominate the larger house In the new congress. The in crease of the membership of the house from 396 to 436, which became effective March 4, brought In a larger proportion of new members than have appeared In any congrest of recent years; and made more conspicuous the absence of old-time leader, such as former Speaker Cannon, John Dalzell of Pennsylvania, Nicholas Longworth of Ohio. Samuel W. McCall of Massa chusetts, E. J. Hill of Connecticut, and William B. McKlnley of Illinois. The work before congress today con slsted chiefly of organisation business. The senate had completed Its organ! xation early In March, during the spec lal session called to act on President WUron' appointments, Vic Presl dent Marshall served hi early appren tlceshlp a a presiding officer, and the democratic leaders took charge of the senate, elected officers and chose com mlttees at that session, and were pre. pared for general legislative work to- lay. The organization of the houee was expected to consume all of today session of that body. President Wilson' message will be read to both houses shortly after the beginning of the semon tomorrow, I his call summoning the extraordinary session of congress, the president did not specify the purpose for which was to be convened. Members of con gress who had talked with th execu Ive expected that the meMage, pre pared to greet the new congress would urge action upon the tariff as the first duty of the democratic majorities In the two houses; but would leave the way open for action on the currency and other pressing matters. If it la de cided later to take them up. Democratic majorities In both house and ' senat are considered strong enough to carry through the program of tariff revision determined upon by recent conferences, In which the pres ident ha consulted with Represcnta Ive Underwood and Senator Simmons, the tariff leader of the two bod I The democrats have a majority of over 140 In the house, their membership of 188 being double the combined '.trength of the republicans and pro n-esslve. In the seWte th democratic 'trength Is 61, and th combined re- -tuMlran and progressive strength '5. .This margin Is counted 6n erin-e favorable action on the tariff unless sectional lntrta of demo. ratlc senators should bring shout omblnntlon SRnlniit certain features (Continued en pfK 8.) RESIDENT SET T HOWJNCOMES MAYBE TAXED VESSEL CAPSIZES German Bark Turns Turtle Near Bay City, Ore., in Violent Storm. By Associated Press. Washington, April 7. President Wilson's determination to read his own message to congress tomorrow has completely displaced the tariff and the income tax as subjects of chief popular interest, No president since John Adams has availed himself of the right Congress was amazed when it heard of the president's plan. Some of the old-line leaders refused to be lieve It until Secretary Tumulty per. sonalty confirmed the news. , Arrangements for the extraordinary event got under way today. It was planned that the president should first go to Speaker Clark's room and later to go lo-the hall of the house of representatives, where both branches of congress will be assembled. . Legislative preliminaries to get the house and senate together were being laid out today. : Under ordinary cir cumstances the two bodies meet in joint session only once every four years and then for the . perfunctory ceremony of can vassing . the electoral ote. ;.;.'.. , President Wilson Intends to . slip quietly away . from .the Whit. House with his message fn iris perfcot, attend ed probably hy one secret service man, and ride to his office almost immedi ately. Some of the president's friends say he may be expected to deliver all his principal messages to congress in the same way as his term goes on. though he would not do so with every communication he sends. The president regards that method as one dignified way to keep in touch with congress. He already has let It be known that he Intends to make fre quent use of the president's room dur ing sessions of congress to keep In close touch with the legislative situa tlon. Most other presidents have used the room for an hour or two during the closing hours of each session of congress. . The president explained that he In tended to make his visit as simple as possible. He said he had atked Sena,- tor Kern and Leader Underwood of the house If It would be agreeable for him to come and they both said that it would and that In this way they represented the feeling of their col leagues. . . A concurrent resolution was Intro duced In the house today by Mr. Un derwood and later called upon the senate to provide for the Joint session In the hotm.. chamber tomorrow. The president will arrive at the capltol about 1 o'clock tomorrow aft ernoon. He will be escorted to Speak er Clark's office and there will be re ceived by the vice president, speaker and other officers of both house. An escort of two memgers will be appoint ed from the senate and house to escort the president to the speaker' rostrum In the house. Speaker Clark probably will Intro duce the president to the joint ses sion. Vice President Marshall will git on the rostrum. . The president was asked if he would take his cabinet with him tomorrow a President John Adams did. Mr. Wilson laughingly remarked that there were then only three cabl net member and that he would not renew that precedent He said he had not decided what fessage hereafter he would read to congress. He would he guided, he aald, by their Impor tance. President Wilson was asked today what motive Impelled him to renew the custom of a century ago. "The reasons are very simple," he said. I think that that Is the only dignified way for the president to address the house at the opening of the session. Instead of sending the ad dress up by messenger and letting the clerk read it perfunctorily In the fa miliar clerk's tone of voice. I thought that the dignified and natural thing was -to read It It la a precedent which, It is. true, ha been dtscon tlnued a long time, but which I a very respectable precedent." By Associated Press. Bay City, April 7. Eighteen men were- drowned by the capsizing yester day of the German bark Mlml, which had Just been hauled off the beach at North Spit, Nehalem Bay, where she had been since February 13 when she went ashore. . After futile efforts for nearly 24 hours against a heavy wind and sea the life-saving crew from Garibaldi station succeeded at 5 o'clock this morning In saving Capt. Chas. Fisher of Portland, president of the fisher engineering corporation; Capt. J. Westphal, master of the Miml and two sailors. Russell Blackman, secretary of the Fisher' Engineering Corporation, W. E. Koen, a contracting plumber of Portland, and J. E. Holyfield superin tendent of the Brighton mill at Brigh ton. Ore., are among those drowned. They were aboard the Mimi directing the efforts to haul her off the spit. The survivors said that only seven men were left on board the Mlml after she turned turtle. . A cabin boy and a sailor lashed themselves to the mast where their bodies now hang. HARD GOAL CASE DEGREE AMENDED By Associated Press. Washington, April 7. The supreme oourt .today dlrectuJ. that its decree- in the hard coal case be amendea to give the federal district court In east ern Pennsylvania ' power to decide whether four certain "sixty-five per cent contracts' should be exceptea from the recent decision that such contracts were void. The supreme court has held that the contracts whereby the railroad companies bought the output of "In dependent operators at 65 per cent or the prices of coal at ttde.iter, sup pressed competition and violated tlje Sherman anti-trust law. EJECT CAROLINIAN . FROM THE SENATE George B. Clemmer of Monroe, Claim ing to Be) "Prince of react," Is Arrested. Gaxette-Newt Bureau, Wyatt Building, Washington. April 7. Claiming to b the "Prince of Peace" and demanding that he be re cognized by the vice-president, George B. Clemmer of Monro caused con sldersble excitement In the senate gal lery today when he attempted to make a speech. Clemmer arrested and hustled from the senate by the ergesnt-at rmi. .', Provisions of Section of Reve nue Bill Aiming to Raise 100 Million Annually , Public. ' THE AIM IS TO SHIFT BURDEN OF TAXATION By Sur-Tax Devise It Is Plan ' ned to Have Larger In comes Bear the Chief ,( Burden.' OVER MINIMUM WAGE By Associated Press. -Chicago, April 7. Thirty-eight of Chicago's biggest retail merchants met In executive session here today with members of the Illinois senate vice commission. Lieutenant Governor O'Hara said he hoped the merchants would be able voluntarily to announce a standard minimum wage for female employes. COMMISSION CLOSES BANK OF CLAREMONT Knoiigh Bloney in Vault to Pay off De positors In States Trut Coin- . panjr Project. (By Associated Press) Raleigh, N. C. April 7. Th bank of Claremont at Claremont,- Catawba county, was closed today by the cor poration commission, which will psy off depositors, there being sufficient money In the vaults for that pur pose. This Is the third bank promoted by the) States Trust company of Wil mington to close Its doors. The trust company was chartered last Novem ber, having for Its object the estab- llshment of rural banks. According to its report to the commission. It has paid In capital of 30,000. Among Its officers are Ector H. Smith of (tlrmlngton, Ala. DATES SELECTED FOR STATE ENCAMPMENT By Associated Press. . Washington, April 7. included . In , the democratic tariff revision bill in troduced in congress today is an in come tax section which, would require every resident of the United States who ", earns more than 34O0Q a year to pay a tax of 1 per cent on his earnings In excess of the exemption. ' i v This would not require the man who earns 3-4000 a year to pay a tax, but It would demand that th lndlyidual whoy earned 34100, for. example pay into the government treasury an annual tox of one per cant on $100, .or $1. " The bill also would provide higher; rate of taxation ' for . person with .. larger Incomes, adding a 'sur-tax of 1.-, per cent additional on earnings In ex cess of $20,000; 2 per cent . additional on earnings In excess of $50,000 and per cent additional on earnings iu excess of $100,000. t' ' ' '! ... , Under - the Bur-tax provision tn man who earns only $20,000 would pay t6 the government each year at th rate of 1 per cent on $16,000 ($400 exempt); if he earns $30,000 he Would pay 1 per cent on $l;e00 still, and 1 per cent-on -$10,1)00, thus making hi annual tax J$360; - Hi 'person WW) a ., $50,000 income weuld pay 1. per cent on $16,000 and-3 percent. op.-W0.0.0t . total tax of $760. The man. with an income ef " -l,-Md,,bB' r-1 -i quired to pay 1 per cent on $ J 1,0ft 3 ; -pert cent on $M,60 and per cent . - on $50,000, which, "ould b. 61500', bringing his total Income tat to $226. The individual with a net inoome of a million would) pay $2260 on his Brut $100,000 and In addition he would pity 4 per cent on $900,000, whlf h would , , bring hte total tax to $23,160. t Corporation Tag Retained. ','' The bill also would .re-enact': the present corporation tax law. imposfng , a 1 per cent tax on the earnings of cor porations, stock companies,: insurance companies and the like, but It would exempt partnerships. This Is flat tax, there being no graduated scale as the earnings Increase. The few changes from the present corporation tax act concern chiefly the time of making returns and the time, for collection. The bill also include undet It pro visions the property and- earnings In this country of person ' who, live abroad. . ' ' It 1 estimated by member of th ways and means commute that ap proximately $100,000,000 Ih revenue may be derived from this new tag; in cluding the corporation v tax, that amount making up lot th deficit In revenue to be derived from Import by virtue of the greatly reduced tariff rate and the transfer to the "free list , of articles that are flossed as neces saries of living. ' : - . Incomes of taxable persons shall In' elude gains, profits and' Income de rived from salaries. ' wages er com pensation for personal service of what ever kind and In whatever form paid, or from profession, -vocations, busi nesses, trade, commerce, or sale or dealing In proportion; also, from In terest, rent, dividends, securities, In cluding lncom from property,, lncom from but not th value of property ac quired by bequest, devts or descent and also proceed of 11 f ; Insurance policies paid upon death., Of persona Injured. " - - ' , ' The bill allow ' a deductions In computing net lncom' all 'necessary expense actually Incurred In carrying on any business, not ' Including per sonal living or family expense, inter est accrued and payable within ,ths year hy a taxable person en Indebted ness; all national, state, county, school and municipal taxe. not Including lo cal benefit tax; losses Incurred in trades or from Urea, storm of 'ship wreck not compensated hy . Insurance Special to The Gasette-NeW. Raleigh, April 7. Mr. Rale was elected warden of the atate' prison advisory board today. The national guard this afternoon selected Camp Glenn and the following dates for the encampment of the three regiment: First, July 21-30; Second, July 7-16; Third, August 6-14. MOVE TO CHANGE DATE OF THE INAUGURATION By Associated Press. Washington, April 7 Constitutional amendment changing Inauguration day from March 4 to th last Thurs day In April waa proposed In a resolu tion re-Introduced In the house todsy by Representative Henry. It failed on the last congress, Psmoo Jurist Dead. (By Associated Press) London. April 7. Rebert H. Bul lock MHmhnll, magistrate for the pnst 34 years at How Htreet court, where he decided htindrcls of Amerlrun ex trnillllipn ruses, illcil todny, um-it 0. or otherwise; debt, actually aarefVk talned a worthies snd charged off1, also reasonable allowance for wear and tear on property, but He deduc tion will be allowed for expense of re storation or improvement mad to In crease property value: - '' '.' It excepts also. In eemputlng In come, ' amounts received as dividend upon th stock of any corporation, joint stork company, ' association r Insurance company which is UxuM-j upon It net Income undef the eor noratlon tax provision of th bill. Income of Public Officials Exclude. Th Mil excludes th compensation of the president of th United States during hi term. Judge of th Supreme and Inferior courts of th United fltate and compensation ef all officer and employe of a stats or any pltl i esl sub-division thereof. 'v.J It establishes a system of collection of h UX t M source, renblrlng all persons, firms, ro-psrttiemhlps, eofn panlfe, corporations. Joint stoeK; ';B PHnle. orintlou fr3e .mh panles and all trnste,' enecntor. i1- mlnlntrniors. receivers. -ers anil empk'v,- of U hvlnir Hie con ' I it t rtes, In' ''" ' r, -I
The Asheville Times (Asheville, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 7, 1913, edition 1
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