People's Pilot, Volume 3, Number 39, Rensselaer, Jasper County, 23 March 1894 — MADE ITS REPORT. [ARTICLE]

MADE ITS REPORT.

The Senate Tariff Committee Completes Its Work. The Measure Reported to the Senate and Its Consideration to Begin April 2 Principal Changes from the Wilson Bill. IN THE BENATE’S HANDS. Washington, March 22.—Senator Voorhees, chairman of tne finance committee, reported the tariff bill to the senate soon after the reading of the journal Tuesday. Senator Morrill,one of the republican members of the committee, stated that so far as the republican members of the committee were concerned they did not object to the reporting of the bill, but were opposed to the income tax feature in it and the change from specific to ad valorem duties. Senator Voorhees gave notice that he would call up the bill for consideration April 2. The most important change made in the bill is in the sugar schedule, a change being made by which an additional duty of % of 1 per cent, per pound is given on all sugars testing above 98 degrees by the polariscope test, or which are above No. 16 Duch standard in color. The provisions abrogating the Hawaiian reciprocity treaty are struck from the revision bill. The reciprocity sections of the McKinley act, sections 3, 15 and 16, are repealed and all agreements or arrangements made or proclaimed between the United States and foreign governments under the provisions of said sections are hereby abrogated, of which the president shall give such notice to the authorities of said foreign governments as may be required by the terms of such agreements or arrangements.

A very important amendment is made in the section governing the manufacture of tobacco, which is intended to prevent the sale of leaf tobacco by dealers from competing with the sale of manufactured tobacco, but is so worded as to protect the farmer and grower of tobacco in his right to sell his own product without the payment of a tax. The lead and lead-ore duties are left unchanged from the senate subcommittee rates, as are the iron-ore and coal duties. So also are whisky and opium. There have been added to the free list pineapples, bananas, cocoanuts, |horn strips and tips. No articles were taken from the free list Collars and cuffs are left unchanged from the senate subcommittee rate, but shirts and all other articles of every description not especially provided for, composed wholly or in part of linen, 50 per cent, ad valorem instead of 35 per cent., the Wilson bill rate; oatmeal 15 per cent, ad valorem instead of 20 per cent., the Wilson bill rate; castor beans are restored to the Wilson rate of 25 cents per bushel; playing cards are restored to the Wilson of 10 cents per pack, instead of 2 cents per pack as fixed by the senate subcommittee.

In the internal revenue schedule the committee strikes out the provision which the senate subcommittee inserted first taxing cigars and cigarettes weighing more than three pounds $5 per thousand, and cigarettes in paper weighing not more than three pounds, $1 per thousand; and wrapped in tobacco, 50 cents per thousand, thus leaving the taxes on these articles unchanged from the present law. The provision in the income tax amendment relating to a tax on building and loan associations, which was exempted by the house and stricken out when the senate subcommittee reported the bill, has been restored with the proviso that the tax shall not be levied upon those institutions who make no loans except to shareholders for the purpose of enabling them to build homes.