People's Pilot, Volume 4, Number 10, Rensselaer, Jasper County, 24 August 1894 — THE NEW TARIFF. [ARTICLE]

THE NEW TARIFF.

Provisions of the Measure Which the House Indorsed. Washington, Aug. 14.—The senate bill which the caucus action (barring the presidential veto) insures as the law of the land in place of the McKinley act, provides the following rates of duty upon the great staples which have been the bones of contention: All raw sugars, 40 per cent, ad valorem; sugars above No. 16 (refined) % per cent, additional; sugars produced in bounty-paying countries, 1-10 per cent, additional to these rates. Hawaiian sugar is still free under the reciprocity treaty. Iron ore, 40 per cent, per ton; pigs, $4 per ton; iron or steel rails, 7-20 of 1 per cent, per pound. Lead ore and dross, 4£ of 1 per cent, per pound; silver lead bearing ore, the same duty on the lead contained therein. Tobacco for wrappers, $1.50 per pound unstemmed, $2 25 per pound stemmed; cigars and cigarettes, $4 per pound and 25 per cent, ad valorem. Coal, bituminous and large slack, 15 cents per ton. Precious stones, cut and unset, 25 per cent, ad valorem; set, 30 per cent; uncut, 10 per cent; glaziers and miners’ diamonds free Logs and sawed lumber and timber (save tropical woods) and wool are free. Tin plate. 1-15 cents per pound after October 1. Marble, rough, 50 cents; dressed, 85 cento per foot (cubic). White and red lead, 1)4 cents per pound. Under the internal revenue sections of the bill, playing-cards are taxed 2 cents a package. An income tax of 2 per cent, on incomes above $4,000 is provided for; also a tax on corporations of 2 per cent. Whisky Is taxed at sl.lO per gallon and the bonded period is fixed at eight years.