Jasper County Democrat, Volume 17, Number 1, Rensselaer, Jasper County, 8 April 1914 — GENERAL AND STATE NEWS [ARTICLE]

GENERAL AND STATE NEWS

Telegraphic Reports Front Many Parts of the Country. SHORT DITS OF THE UNUSUAL Happenings in Distant and Nearby Cities and Towns.—Matters of Minor Mention From Many Places.

Tariff Is Six Months Old and Customs Not Reduced. Washington, April —The Under-wood-Simmons tariff act went into effect six months ago today and present indications are that it will not reduce customs revenue any more than was estimated in congress at ther time of passage.

According to the treasury’s March statement customs revenues amounted to about $26,000,000’ which is about $1,500,000 less than the Payne-Aidrich law produced in March, 1913. That was a marked increase over February when revenues fell over $10,000,000 compared to the same month of 1913. The average decrease in customs revenue for the six months the Un-derwood-Simmons act has been in operation is placed at about $4,000,000, but officials were confident today that would he reduced in the coming six months. The annual reduction wal estimated iat about $45,000,000 a year. Despite reports of an unexpected failure of income tax returns to provide the revenue necessary to offset the difference in customs, officials were inclined today to believe that the government would find its original expectations realized.