Newspapers / The Roanoke Beacon and … / Oct. 10, 1913, edition 1 / Page 3
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NEW TARIFF LAV SYNOPSIS OF THE UNDERWOOD .', , SIMMONS BILL.. FREE WOOL ON DECEMBER 1 Measure Expected to' Yield Surplus the Flrt Year Free List En- -. larged by" the Senate. WASHINGTON. The twenty years' tanii war readied its tmai stage in Con gress, when Chairman Underwood of the Ways 'and Means Committee laid before the House'the report of the con ferees and announced that the differ ences between the - Senate and House J ills had been compromised. 4 It is ; the second low tariff measure that has been passed in more than C3 years. . - : . The average ad valorem rate of the present bill is; very much lower, than that of the Wilson-Gorman act. The average rate of the latter was 39.45 per cent., while the estimated rate of the present bill ranges from -27 to 29 . per ent.v-.-The average for the present Payne-Aldrich law is. 40.12 per cent Senator Simmons said, after a report from the Treasury experts, that for the iirst. full fiscal, year the measure would yield a surplus of $18,000,000. Among the 675 amendments made in the Senate, many related merely to ver biage. The House yielded on 427 and the Senate abandoned 151. Compro mises were effected on 97. The -general trend of the - Senate amendments was in the direction of re duced duties. Expressed in percentage the Senate bill when reported reduced iuties 27.64 below the existing law and 4.22 per cent, below the House bill as it had come to the Senate. The result of the conference report has-been a slight increase of the ad valorem rate of duty carried by the. bill, luit the net result is below the average ad valorem rate of theJ louse bill. Thus for the first time in the history of tariff legislation the Senate has gone on rec ord in favor of lower duties in a tariff bill than those adopted by the House. The most important features of the new bill are those which led to the greatest struggle in both the Senate and House Democratic caucuses. They re lated to the free listing- of wool and of sugar. . Except for the strong . in si?tence"of President Wilson it is likely tliat the Senate would have restored a revenue duty on both wool and sugar. Raw wool will go on the free list De cember 1 and sugar will be free after May 1, 1916. . The existing duties on sugar under the Payne-Aldrich law will continue un til March 1, 1914, then the .lower rates carried by the new law will become ef fective and continue until May 1, 1910, a i ter which date sugar will go on the free list automatically. . All other rates in thf hill will trn inrn effect as soon as it is signed. . . " " ' In restoring to the free "list alizarin, lead or creosote oil, anthracine and an ihracine oil, the Senate followed the existing law, which gives to the manu facturers of certain textiles the benefits of free dyes used in the industry. The House had - made them dutiable for, revenue purposes. . The Senate made them free on the theory that the textile products had been made to pay less duty and that the manufacturers should have the raw material free. The cyanides were transferred to the free list because they are used largely in mining and are raw material fcr iiher American industries. Both the Senate and House agreed that tanning materials, such as extracts, should go upon the free list because the products of the tanneries, sole leather and other leathers of the. coarser kind that enter into the manufacture of boots and shoes, harness and saddles were all free lifted. . The Democrats put cements and other building material, including lumber and shingles upon the free list. Pig iron and ferromanganese, billets and ingot's for railway wheels, together with antimony ore, were put on the free list. T Automobiles will pay about 30 per cent., wnicn was a reduction oi one third from the House rate. Cattle, sheep and all domestic animals suitable fnr fnnH anrl wheat, flour and eeffs were put on the free list. This was to con- ZOIIll Willi UC laitU JKJlJf U. AVIAMWSS. the cost of living. The five per cent, rebate in tariff made in the House bill on goods brought in American ships was retained in the conference, with the added pro visions that it would not "be so con strued as to abrogate or in any man tier impair or affect the . provisions of nv treatv" the United States now has. The administrative features as em bodied in the House bill emerged from conference but little changed. The conference adopted a substitute for the Senaate amendment to check fraudulent invoices. This provides that . u nrlfViin tli tprritnrinl limits LUC diiivai "iLinn --- - - of the United. States of any merchan dise consigned for sale and remaining the property of the shipper, ahd the ac- consignee or agent of the consignor shall be deemed an attempt to enter such merchandise whether or not actual en trv is made or offered. "The Senate amendment requiring statements of cost on merchandise con tracted for, as well as on that actually 1 purchased, was stricken out. The conference agreed to the Senate amendment authorizing the Secretary of the Treasury and the Secretary of Commerce to require importers to fur nish more detailed information on ship ments for statistical purposes. Undervaluation Penalty. The Senate receded from the amend ment allowing a margin of 5 per cent, undervaluation without penalty and lim iting forfeiture of the particular' goods undervalued. The bill imposes an addi tional duty of 1 per cent , on under valued goods. ' Offsetting this, the conference adopted the Senate amendment author ising the Secretary of the Treasury to aess the duty on less than the en ured value when satisfied that the im pcrtf r has in good faith at the time of the entry certified the entered value above the market value. - The conference restored the House t rovUion authorizing the Board of Gen eral Appraisers to exercise both judi cial ana inquisitorial functions in cus toms examinations, and struc out of the Senate amendment the provision ex cluding hearsay; evidence. Senate amend ments were agreed to-' prohibiting con tingent fees in customs cases and strik ing out the provision of the House bill, limiting protests to ,a single article and issue. ., : ' .' ' .' , fY': The- House provision, to authorize collectors of, customs summarily to 'fine intrs for' failure to produce books a n't "records was stricken out. . The House provision placing the bur den of proof on the defendant in suits for; the recovery of the value of mer chandise fraudulently imported wis re stored after having been stricken out by the Senate House provision requiring shippers and importers to produce their books to authorized agents of the government adopted with an amendment authorizing the Secretary of the Treasury to impose additional duties in case of refusal, in stead of the, House provision authoriz ing him to exclude the merchandise from entry. The Senate amendment authorizing the -. President to impose countervailing duties was stricken, out. , Reciprocity Feature. The President is authorized to nego tiate trade treaties with foreign coun tries subject to approval by Congress. IW a pnnfprpnpp suhstitutp 'Section eight of the treaty with Cuba, dealing with the preferential on sugar, is spe cifically abrogated. With this excep tion,, the reciprocal trade treaty with Cuba stands. Free importation of articles from the Philinninea was limited bv the confer ence to such as contain not more than 20 per cent, of foreign, material, the ini nmnflfnprit limiting free entrv to such Philippine goods as are shipped un der a through bill ot lading Deing re jected.: The Senate, through its conferees, re ceded from its amendment prohibiting the importation of goods manufactured principally by children under fourteen years of age. Other conference cnanges were as follows: ' ,' Importations of models of women s wearing apparel for use of manufac turers in their own establishments is permitted. . . Foreign material for the construction of repair of naval vessels of the United States may be imported free. - ; Cigars may be . manufactured in a UnnAA warehouse and withdrawn for consumption in the United States upon payment of the duty on the tobacco used in its imported condition ana me liuci nal revenue cigar tax. Farmers and fruit growers may man ufacture afcohol free, of tax for dena turizing. " . . The Steel Trust was the combina tion hardest hit by the conferees. Iron ore was placed on the free list, in the hope of inviting Cuban and South American competition. The Steel Trust and its subsidiaries now hold virtually all the marketable ore in the country. The removal of duty is expected to make it possible for independents to enter the steel busi ness with some, hope of overcoming the trust's handicap. Blow at the Beef Trust. The Beef Trust fared in the same manner. As a result of the placing of cattle on the free list, South American nations are expected to de velop a cattle raising business for the purpose of helping to feed North Americans. The entry of South American beef is expected to cut the price of meats, notwithstanding the prophecies of the beef barons that the price will "continue to soar. . The Woolen Trust was sheared of the protection which has enabled it to keep foreign-made gotrds out of the country; while the sheep raisers of the West f111 have to meet the wool from Australia and other coun tries that will enter on a free-trade basis. , , . ,. The system of maintaining high prices on eggs through the opera tion of a nation-wide cold storage system will be compelled to change its plan or meet the importation of eggs free of duty. The most, vital changes made by the conferees are given in the fol lowing recapitulation: ; House rates on photographic, sur veying, opera glasses and similar in struments were reduced. Cement, asphalt and limestone were placed on the free list. Pig iron, scrap iron and ferro manganese, used in making high priced steel, were free listed. Steel products rates were generally re duced. House-rates on zinc were in creased. ... t Postponement of the placing of sugar on the free list was agreed upon. , Food Animals Made Free. - All duty was removed from cattle, sheep and other food animals," wheat and its products and eggs. House duties on oats, butter, beets, peas, currants, chocolate, and cocoa were cut. , The Senate receded from its duty on bananas and flaxseed. vBy changing classification,- rates on fancy weaves and novelty cloths of cotton were slightly reduced. Cotton yarns were increased. Cheap stockings were reduced and lace cur tains were increased. Wool rates were greatly decreased, including flannels, blankets and cheaper stockings. Duties on higher priced stockings were increased. An gora wool and its products were giv en a higher duty. The decreased wool schedules are not made effec tive until Jan. 1, 1914. Wool becomes free on Dec. 1, 1913. Silk ribbons, bands and narrow fabrics were in creased 40 to 45 per cent. Among the sundries, fur skins, gun-powder and harness were made free of duty. The following impor tant additians to the free list were made: , Sugar- machinery, school textbooks and unused moving picture films. Countervailing duties were placed on potatoes, wheat and its products. The Chemical Schedule. Reductions in the House rates in the chemical schedule covered per fumed and -medicinal soaps, crude "chicle, linseed oil and chlorate of potash, while the House rates were increased on many kinds of acids, and on some classes of paints. The tariff on automobiles, fixed by the House at 45'per cent., and radi cally cut by the Senate, was finally compromised by making a new clas sification of automobiles valued bc 16wr$2,O0O, for; which a ' rate of U0 per cent, was fixed. The 5 per, cent. rcbate";in' tariff made by. the. House bill on goods brought in American ships was re tained with the adddd provision that it should notV "be so construjtd as to abrogate or. in any manner impair or affect " the provisions of any treaty" the United States now has. To Reduce Cost of Living. As compared with the original House bill these specific reductions were made by the conferees on food and food-stuffs: - All meat animals free; wheat, taxed 10 cents a bushel in the House, free; sugar and molasses, free within a short time; oats, from 10 to 6 cents a bushel; butter, from 3 to 2JA cents a pound; beets, from 10 to 5 per cent; eggs, free instead of 2 cents a dozen; storage- eggs, from 2'A to 2 cents a pound; peas, from 15 to 10 cents a bushel; seeds, from 10 to 5 cents a pound; bananas," f ree ; choc colate and cocoa from 25 -per cent, ad valorem, to 2 cents a pound. To Save $1,000,000,000 a Year. In preparing estimates on the bill, Mr. Underwood figured that it will save consumers approximately $l,r 000,000,000 annually. The free list alone should save approximately $500,000,000 annually, he estimated. ADMINISTRATIVE FEATURES. General Provisions Governing the Levying of the New Rates. WASHINGTON The administra tive features of the bill are very comprehensive. In their preparation the Ways and Means .Committee-and the Finance Committee' studied . the reports of two Government commis sions," and another report from the General Board of Customs Apprais ers. Under the new legal regulations all merchandise imported into the United States is held to be the prop erty of the person to whom it is con signed or who holds the bill of lad ing. . Invoices shall be made out in the currency of the country where the merchandise is made or purchased, or agreed to be purchased, and shall contain a description of the merchan dise. It is -required that a statement shall be made in the invoice of the purchase price agreed upon, and that transactions that are actual pur chases and sales shall be entered as such. Invoices shall have entered thereon a statement signed by the purchaser or owner setting forth that the invoice is correct. .If it is a bill of sale the price agreed upon shall be stated. When obtained in any other manner than by purchase the wholesale price in the markets of the country of export shall be stated. This paragraph follows, in large measure, provision of Section- 3 of the Payne law,- except for the inser tion - of the words, "or when pur chases are made in several places in the Consular district, where the mer chandise is assembled for shipment," and makes changes with reference to agreements to purchase. The conferees rewrote a provision in this section. It provides that when merchandise arrives in the United States and remains the prop erty of the shipper, or consignor, the acceptance of a fraudulent or false invoice thereof by the consignee or hi9 agent or the existence of any other facts constituting an attempted fraud shall be deemed an attempt to enter such merchandise, notwith standing no actual entry has been made or offered. - Sub-section 4 of Section 28 of the Payne law is re-enacted. It requires all imports to be accompanied by an invoice under oath. The invoice must state the cost of the merchandise or the market value. - Whenever merchandise is import ed into the United States a declara tion shall be filed with the Collector of the Port. Criminal and civil liability for mak ing false statements in regard to an invoice are separated in the adminis trative sections of the new Tariff act. , This is a change from the Payne law.'. The new law changes the provision of the Payne law that the invoice shall be sworn to before a notary public designated by the Secretary of the Treasury. Hereafter the invoice may be sworn to before any notary public. Should the notary public be guilty of attesting a statement with out the personal . appearance of the importer, the Treasury Department, according to the framers of the law, could go before the State official ap pointing the notary and have his cer tificate revoked. REDUCTIONS ON ESSENTIALS. . Sundries. Wearing apparel for .which cattle, dog or goat skins are used, from 50 to 15 per cent. Bags, sachels, pocketbooks, etc., from 47.23 to 30 per cent. India rubber and manufactures thereof, known as druggists' sundries, from 40 per cent, to 15 per cent. Cotton Manufactures. Spool thread cotton, from 36 cents a dozen spools to 15 per cent, ad valorem. . Handkerchiefs . or mufflers, not hemmed, from 45 per cent, to 25 per cent; hemmed, from 55 per cent, to 30 per cent. Silks and Silk Goods. . , - Silk partly manufactured and not further advanced than carded or combed, from 35 cents a pound, to 20 cents a pound. . . . : Wool Manufacturers. Blankets and flannels from 72.C9 per cent, to 25 per cent. Carpets of every description from 58.10 per cent, to 50 per cent. Clothing. Gloves, from 44 per cent, ad va lorem to $2 a dozen. Woolen goods, from 11 cents a pound to free list. Hats and bonnets of fur, from 51 per cent, to 45 per cent Bags, satchels and pocketbooks, from 47.33 per cent, to 30 per cent. Children's gloves, from 44.15 per cent, to $2 per dozen. Pearl buttons, from 48 per cent, to 25 per cent. Collar and cuff buttons, from 43 per cent, to 40 per cent. f ASM PRODUCTS, LIVE S i OCK, Etc. . " ' OU'Tariff Horses end mules Valued at $150 or less each.. $30.10 ca ; 'valued over $150 each...,,. ....25 ' valued $200 or ltss each. ... -:J..... . ! valued over $200 each......;.. v Li Animals, live, all other not provided for '. 20 i Uarley, pr bushel of 48 lb..... .......30c f mali, per bushel of 34 lb,. ,'.... ,-. . 45c pearled, patent, or hulled... , ....2c lb Buckwheat, per bushel of 4 lb '. ... 15c Macaroni, vermicelli, and similar preparations I'lc lb Oats, per bushel of 32 lb , , ...15c '.oatmeal and rolled oats.. ,...lc lb' oat hulls ..10c per 100 lbs Rice, cleaned 2c lb uncleaned y$c lb . i. !iour, meal, and broken '. !4c lb paddy ........ j. f.fjclb Rye lQc bu ilitcuits, bread, wafers, cakes, and baked articles; and , - puddings, containing chocolate, nuts, truits, or conlec- tionery, valued 15c or less per lb ' valued over 15c lb.. Butter and substitutes Cheese and substitutes ..i Ueans, per bushel of 60 lb. Lentils, per bushel of 60 lb lleets of all kinds. 3c lb and 15 S0c . 6c lb 6c lb ..45c ; 25! .....25' ieans, peas, prepared or preserved, or conuincu in uus, jars, bottles, or similar packages..'.....-.....' 2yic lb Mushrooms and truffles (as above for peas)...; 2j4c lb . cut, sliced or dried pkgs not less than 5 lbs......... 2y2c lb Vegetables, cut, sliced, reduced in size, parched, roasted, pickled, packed in salt, brine, oil, or prepared in any way i 40& Bean stick, bean cake, miso, and similar prod iters 40 Pickles, pickled nuts, sauces, tish paste or sauce 40& Cider 5c gal Eggs, frozen or prepared or preserved .....5c Aot . Egg albumen, frozen or liquid 3c lb dried 15c lb yolk ...25 Hay $4.00 ton Honey 20c gat Hops . . .- .. . ' 16c lb - X Hop extract and lupulin 50 Garlic 1 c lb Onions, bushel of 57 lb 40c bu Peas, green or dried, in bulk or in barrels, sacks, or similar packages, per bushel of 60 lb 25c' split, per bushel of 60 lb ...45c in cartons,, papers, or similar packages lc lb Orchids, palms, azalea indica, and cut flowers, preserved or fresh 25 Lily of the Valley pips, tulips, narcissus, begonia, and $1.00 per 1000 gloxinia bulbs Hyacinth, astilbe, dielytra, and lily of the valley clumps $2.50 per 1000 Lily or talla bulbs or corms $5.00 per 1000 Peony herbaceons. Iris Kaempferri or Germanica, canna, dahlia, and amaryllis bulbs $10.00 per 1000 Bulbs, roots, root stocks, corms, ana tuoers, an omer, cultivated for flowers or foliage 50c per 1000 Stocks, cuttings, or seedlings, of Myrobolan plum, Ma haleb or Mazzard cherry, Manetti multiflora and brinr Tose, Rosa Rugosa,. 3 years old or less $1.00 per 1000 Stocks, cuttings or seedlings, of pear, apple, quince, and St. Julien plum, 3 years old or less $2.00 per 1000 Rose plants, budded, grafted, or grown on their own roots 4c each Stocks, cuttings and seedlings, of all fruit and -ornamental trees, deciduous and evergreen shrubs and vines 25 Trees, shrubs, plants, and vines commonly known, as nursery or greenhouse stock, not provided for 25 , Seeds: Castor beans or seeds, per bushel 50 lbs 2Sc flax, linseed, and other oil seeds not provided for, per bushel 56 lb 25c poppy, per bushel 4, lb. 15c mushroom spawn .....lclb spinach lclb ' canary i free caraway free anise free beet (e-xcept sugar beet) . 4c lb carrot, orn, salad, parsley, parsnip, radish, turnip, ' and rutabaga 4c lb cabbage, collard, kale, and kohl-rabi. 8c lb egg plant and pepper 20c lb all not provided for 10c lb Straw $1.50 ton Teazels 3" Vegetables, natural state, not provided for 25 Fish (except shell fish), by whatever name known ; packed in oil or in oil and other substance?, m bot tles, jars, kegs, tin boxes, or cans, of: llA cuuic inches or less l'Sc each over 7Vi, and not over 21 2c each over 21, and not over 33 5c each over 33, and not over 70 .-. - 10c each . all other, except shell fish, in tin. packages 30 caviar and other preserved roe ....30 skinned or boned : . ; 1 VJ- lt in packages less 4 barrel, not provided for 30 freshwater 4c lb herrings, pickled or salted, smoked or kippered He lb. herrings, fresh J4c lb eels and smelts, fresh or frozen 4c lb fresh, smoked, dried, salted, pickled, frozen, packed in ice or otherwise prepared for preservation, not pro vided for - c lb mackerel, halibut, or salmon, fresh, pickletU or salted, lc lb Apples, peaches, quinces, cherries, plums, and pears, green or ripe, per bushel 50 lb 25c -- Berries, edible, natural condition lc qt Cranberries .. .25 Fruits, edible, and berries; dried, dedicated, evaporated, prepared in any manner, not provided for ......... 2c lb Comfits, sweetmeats, fruits of all kinds, preserved or. packed in fugar, molasses, spirits, or in their own juices, or having sugar added thereto, containing not :- over 10 alcohol lft lb and 3S - over 10 alcohol, not provided for $2.50 gal on alchl over 10 and3jy,. New Tariff 10 10 10 10 .10. . ' : ' 15c ' 25c f lc lb free lc lb 6c 30c per 100 lb 8c per 100 lb lc lb He lb . ' 'Ac lb ,ic lb free 25 25 VU lb '10 . 25c 25 . 5 lc lb 2e lb 2c li 2S 25 - 25, 2c gal ' 2c lb lc lb . 10c lb 10 $2.00 tan 10c gal 16c lb 50 lc lb 20c bu 10c - 20c l3c lb 25 $1.00 per 1000 $2.50 per 1000 $5.00 per 1000 $10.00 per 1000 50c per 1000 $1.00 per 1000 $1.00 per 1000 4c each 13 15' 15c 20c 15c lc lb lc lb Vic lb lc lb 2c lb 3c lb 3c lb 6c lb 10c lb 5c lb 50c ton 15 15 Tellies Pineapples preserved in own juice. 35 25 2'a lb , 25c gal , 15c gal , "25c cu . lc lb lc lb ft Ilf-s 2c lb Raisins and other dried grapes , A?u r... lc lb r,rnii 7int. or other 2c lb Olives, in less 5 gallon packages otherwise Grapes in packages Lemons j r cronfrint- shaddocks or pomelos. . . F. Lemons,' limes) oranges, grapefruit, shaddocks and po melos : , ' in packages of 1 V cub. ft. capacity or less over Wa, not over2Vi cub. ft over 2'i, not over 5 cub. ft over 5 cub. ft , Orange peel or lemon peel... preserved, candied, or dried. .....c iu Cocoanut meat or copra desiccated, shredded or cut or similarly prepared iu Citron or citron peel, preserved, candied or dried 2c lb Pine apnles, in barrels or other packages ..Rc cu f t : in bulk v T Almonds, not shelled clear, shelled . " ? Aoricot and peach kernels. . . . . y- Filberts and walnuts, not shelled c in Peanuts or ground beans, unshelled i (M M . . snoiicu ;' i 11 twv;,W for. lc lb NUtS Ot ail KinOS, SI1CI1CU UI unai.t.itv., -. Venison and other game tVre Game birds, dressed y V ' Y5c ib Meat, extract of, not provided for ? extract of, fluid 'J0 Poultry, live dead, or prepared in any manner, including the weight of the immediate coverings or containers Chicory root; raw. dried or vmdried. but uiiground. ltfc lb burnt or roasted, ground or eranulated, or in rolls, or otherwise prepared, not provided for........ ..... -c in Chocolate and cocoa, prepared or manufactured, not spe cially provided for. unsweetened 2'c 1H sweetenea. vaiuc - ,u , ,,r 'I'".'!!"! ft- lb and 10' . . . VS lb - lc lb 50 value over 20c, not over 24c lb. value over 24c, not over 3sc lb. i... IK The weight and value of the immediate coverings, other than the outer packing case or other covering, shaft be included in the dutiable weight and value. Cocoa butter, or btitterine, refined deodorized cocoanut oil. nnd all substitutes for cocoa butter....... 3tfc lb Dandelion roots and acorns, prepared, and article used as coffee, or as substitutes for coffee, not Pwld for 2 c 1H alfother,' Jc lb Spices: unground cassia buds, cassia, and cassia vera... free cinnamon and cinnamon chips a' SVL ginger root, unground and not preserved or canned .. free - nutmegs f pepper, black or white ! ! free ciove aicms f Cloves, uiigi uu"" . capsicum or red repper, or cayenne, unground. pimento, ungrounu 2S 25 25 25 15 30 y4c ib free free free free free free free 10c yC qt 10 lc !b 20 $2.50gl on alchl over 10 and 20 20 20 2c lb lc lb 2c lb lc lb Hi lb 15c gal 15c pal 25c cu ft tSc pkg 3Sc pkg 70c pkg lie lb lc lb 2c lb 2c lb 6c cu ft $5 per 1000 3c lb 4c lb 3c lb 2c lb 4c lb He lb ytc lb lc lb lc lb 30 10c lb Sc Ib lc lb 2c lb lc lb 2c lb 8 2f lh 25 Bombay "or wild inace, urfground. spices, ground . .. 2Y,c lb . . . free ...1c lb . . . frc . . . 3c lb rrmstard, ground or nrepared, in bottles or otherwise 11 other, not proviien Vinegar, ner firoot gallon 10c !b lb aU otner, not p, ,.,-.. . 3Jc Tb 2c lb 1c lb lb lc 1b lc lb lc lb 1c lb !c lb lc lb 2c lb 1c lb lie lb e lb le lb Sc Ib 20 additional to rate on unground 6c lb 20 . 4e ca'. WILL FILL MARKETBASKET WITH FREE LIST EDIBLES As compromised from the Senate Tlnuse orovisions, the final du ties adopted are as follows: House. Cttl ; MP- Hoc and mulea val ued at IMS man n each Sheep Ric dour and mI... Whet - Butter rhma .................. kks !e ! Frown eggs Peas, green or drird. . . Ranknas f'hoceUU aad cocoa. $13 1A p.C. He lb. lie. bu. lc. lb. Senate. Free 10 p.c. Free iio. lb. Free 2'4e. Ib. !!,c. lb. Free 2ic lb. So. lb. ba. 10c. bu. Confer ence. Free 18 p.c. . Free lie. lb. Free 2 '4 c. lb. 20 p.c. Free to.Jb. 10c. ba. Krs 1-lOc. Ib. Free swwtened S3 p.c. Clothing, etc., tf cot ton, in combination with flax, etc 20 p.c. Shirt collars, cuffs, cot ton 15 B-C. Cotton stockings, hose and haif-hose 40 p.c. Do., valued 70c- to $1.50 50 p.c. Wool stocking 35 p.c. Wool flannel (over 50c. lb.) 55 p.C. Book for children's use 12 P C Booklets 12 P.O. Text books for schools IS p.c. Paint! ng and statuary less than 50 years o!d Free Wool cr cottton blan kets, valued less than 40c. lb 25 p.c. Automobiles, value tl,- m to 12,006 43 p.C. An'omoblles less than 1 ,000 43 p.c. 2c. lb. 2c. lb. 35 p.c. 39 p.c. 30 p.c. 30 p.c. 20 p.O. 30 p.c. 30 p.c. 30 J.c. 40 p.c. 20 p.C. 25 p.C. SO p.C. 4c. lb. 7c. lb. Free 25 p.c. Free 30 p.c. c. lb. 7e. In. Frr Free 23 p.C. : p.c. IK TAX IS ES GOP Every, Person JYitli Net Income Exceeding $3,080 a' Year i :U Taxable ! ;: DODGERS TO BE PUNISHED 15 p.c. - 10 p.. ! Washington. In. a statement de- signed for the layman and intended j to strip the income tax section of the tariff bill of - Its technical language, j Representative Cordell Hull, who i drafted the section, makes plain how Ithe new tax will apply to the 435,000 citizens of the United States who, I the Treasury Department estimates, must make returns under it. : All disputes may be carried to, the Commissioner of Internal Revenue, whose decision is final. .. JUST WHAT IS INCLUDED IN WORD "INCOME." , Under the terms of the bill in its final form the net income of each in dividual taxpayer Is to include the following items: All gains, profits and incomes de rived from salaries, wages or com pensation for .personal services of any 'kind, professioos or vocations, business, trade or commerce, sales or dealings in property, real or personal, interest, rent, dividends and secur ities. Also the gains and profits from any transactions of lawful business and the income of property acquired by gift or bequests. Neither the re turn nor any part of the principal in vested in life insurance to the assured not the proceeds of policies paid upon death, are included as income. From these items of income the fol lowing deductions are allowed: ,' 1. Necessary expense actually in curred in carrying on any business. J 2. All interest accrued and pay 'able within the year on indebtedness. 3. All national, State, county, school and municipal taxes, f 4. Losses actually sustained dur ing the year in business, not compen sated by insurance or otherwise, aris ing from fire, storm or shipwreck. 5. Debts actually ascertained to bo worthless and charged off during the year. 6. A reasonable allowance for the exhaustion or wear and tear on prop erty, not to" exceed, in the. case of mines, five per cent, of tlie gross value at the mine of the output for the year. 7. All income, the tax upon which has been paid at the source. 8. Amounts received as dividend3 upon the stock of any corporation, which Is taxed upon its net income, hut such dividends shall not be de- 'ducted unless included in the return as a part of the gross income. The following items will not be al lowed as deductions: ! 1. All personal living or family ex penses. . 2. Taxes assessed . against , local benefits. 3. All expense of restoring prop- i erty or making good exhaustion tnere- of, for which an allowance has been ! made. 4. Accounts paid for new build- iings, permanent improvements made to increase uie value oi any propenjr or estate. ' In computing the net incomes th following exemptions are allowed: 1. Interests upon the obligations .'of an estate or any political subdi- , vision thereof. 2. Interest UDon the obligations of the United States, or its possessions. J, The President is exempt trom tne 'tax as are also the judges of the Su- nreme and inferior courts of the (United States and all officers and em- nlnves of a State or any political sub- ' division of a State. Senators and .Representatives are Troliged to pay the tax. Besides all taxable persons of law ful age, guardians trustees and ex ecutors are obliged to make return to ! the Internal Revenue Bureau. These are the items on -which in ftnmft will be withheld at the source ; whether or not it amounts to $3,000. 1. Income derived from bonds, 'mortgages and other Indebtedness of corporations and joint- stock com panies. .' 2. Incomes composed of coupons, checks, or bill of exchange for or in part payment of interest or dividends on stock or obligations of foreign cor porations. ' i 3. Interest upon bonds of foreign companies. 4. Foreign mortgages or like obli gations not payable in the United States. The incomes from -dividends on the capital stock or from net earnings of a corporation which itself is sub ject to the tax of 1 per cent, are not to be included In the return. for the normal tax that is, on incomes up to $20,000. Incomes from such source however, are to be included in the returns for the surtaxes. The rates provided in the law are 1 per cent, on the net Incomes over $3,000, or $4,000 in the c&ss of a mar ried person, up to $20,000 and the following surtaxes: From $20,000 to $50,000, 1 per cent.; from $50,000 to $75,000, 2 per cent.; from $75,000 to $100,000, 3 per cent.; from $100,000 to $250,000, 4 per cent.; from $250,000 to $500,000, 5 per cenL; over $500,000, 6 per cent
The Roanoke Beacon and Washington County News (Plymouth, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Oct. 10, 1913, edition 1
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