Cameron County press. (Emporium, Cameron County, Pa.) 1866-1922, August 05, 1909, Page 2, Image 2

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    2
CAMEROH COUNTY PRESS.
H. H. MULLIN. Editor.
Published Every Thursday.
TERMS OF SUBSCRIPTION.
trjear •* 2
pal* la advance 1 S"*
ADVERTISING RATES:
AJT»r»l»emcnts are published at the rate oi
•me dollar per square for one Insertion and flfty
beats per square for each subsequent insertipa
Rates by the year, or for six or three niontha,
fcre low and uniform, and will be furnished on
fcanllcatton.
Xetal and Official Advertlelnc per square.
f>ree times or less, 12: each subsequent mwer
ilea ;0 cents per square.
Local notloea 10 cents per line for one Inser
•ertlon: 6 cenu per line for each subsequent
eenVecutlve Insertion.
Obituary notices over fire line*. 10 cents per
Mae. Simple announcements of births, mar'
tlafes and deaths will be Inserted free.
Business cards, Ave lines or less, 15 per year;
•Ter five lines, at the rejular rates of adver
" No' local inserted for lesa than 75 cenu per
Issue.
JOB PRINTING.
The Job department of the PRIM Is complete
*od affords facilities for doing the best class of
Work. PAK'IIC'LLAH ATTENTION PAIDTO LAW
raiNTINO.
No paper will be discontinued until arrear
ages are paid, except at the option of the pub
lisher.
Papers sent out of the county must be paid
A BILLION-DOLLAR ERA.
The incorporation in the T'nited
6t ates during May of railroad, indus
trial -and other companies having a
capital stock of $258,459,901) gives an
Idea of the wonderful commercial ex
pansion of the country, says the New
York World. Incidental testimony to
the same effect is furnished by the
speedy absorption by investors of the
$10,000,000 issue of preferred stock put
out by a new dry goods combination.
E. H. Harriman said to the newspaper
men who asked him about the report
that he was going abroad to dispose of
$150,000,000 of bonds, "I wouldn't have
togo out of this house to do that in
half an hour." This is truly a billion
dollar era. Where the last generation
figured in millions, the common multi
ple of the present-day business world
is $100,000,000. To what lengths is the
multiplication of millions togo? Es
tates of $1,000,000 have dwindled by
comparison to modest competencies.
At the present rate of increase the
"swollen fortunes'" of to-day may to
morrow excite no public concern, be
ing dwarfed by the greater hoards
heaped up and reduced to negligible
consequence in the light of the graver
problems i l the regulation of capital
which may then be expected to de
mand attention.
Thomas Jones, who owns a big
ranch on San Juan island, lost a collie
dog last fall for nearly a month, and
for several days searched the woods
about his place zealously for the ani
mal, without success. One day he
tossed a bone to another collie. In
stead of gnawing it, he picked it up
and started for the woods. He kept
turning his head, apparently to see if
he was followed, and Joues concluded
to follow him. The dog trotted along
for about a mile and stopped at the
edge of an abandoned well. He drop
ped the bone over the edge of the well.
Jones got a ladder, climbed down and
found the dog that had been lost, says
the London Telegraph. There was
only about two inches of water in the
well, but the animal would have
starved to death had it not been for
the other. The lost dog was in good
rondition, and as it had been missing
24 days the other animal must have
kept it supplied with food for nearly o
month.
Is the college cheer togo? The con
ference of 19 New England colleges
held in Boston adopted a resolution af
firming that "organized cheering at
Intercollegiate contests, in so far as it
Is obviously intended to disconcert the
opposing team, should be discouraged
as being unsportsmanlike and there
fore unworthy of the spirit of fair play
among college men." This looks like
"a counsel of perfection"—an ideal
"too pure and good for human na
ture's daily food." If the boys will
stop slugging there are many who will
be content that they shall continue to
cheer and yell.
The increase in immigration is an
other sure indication of widespread be
lief that the improvement in industrial
conditions has come to stay and is
bound to furnish widening opportuni
ties for employment. Accompanied by
greater restrictions as to the charac
ter of the persons admitted, this new
rush should assure the country a
large supply of desirable labor.
A Philadelphia girl lias had her
heart sewed up. If the operation
proves entirely successful, some sort
of a surgical sewing machine will
have to be invented without delay.
The present question of the times is
geographical, as well as political and
historical. It is evident that the map
of Europe is on the point of being
much altered.
An Illinois boy is a king in one of
the Fiji islands, but it is doubtful if he
has ever been abie to develop a taste
for fricasseed missonary.
"The ex-sultan hates women." Ho
you blame him? Girls that work in
candy factories can't bear caramels.
An Amherst professor will study
Mars from a balloon. It helps so much
to*get a few hundred feet closer.
INCREASES AND
DECREASES IN
NEWTARIFF BILL
Schedules as Compared with the
Rates Under the Existing
Diiigley Measure.
HIDES CN THE FREE LIST
Marked Reduction In Wood Pulp and
Print Paper—Rough Lumber Down
from $2 to $1.25 Per Thousand Feet
—Wool Schedule Shows Little
Change—Corporation Tax Law Pro
vided For—Bonds to Build Panama
Canal.
Washington.—The schedules of the
new tariff bill, with comparisons with
rates under the Dingley measure, are
as follows:
Rough lumber goes down from $2
to $1.25 per thousand feet, with cor
responding reduction in the differen
tial on dressed lumber.
The wool schedule underwent no
change of consequence, but the en
tire cotton schedule was reconstructed
'
Screno E. Payne.
Republican House j>i«li r.
and the phraseology greatly changed
in the hope of preventing reductions
through decisions by the courts such
as have characterized the administra
tion of the Dingley law during latter
years. In many instances the rates
intended to be imposed by the Ding
ley law were cut by the decisions, the
reductions in some instances being
from 60 per cent, to eight per cent, ad
valorem. It is estimated that the
rates fixed by the bill are about three
per cent, higher upon an average than
those collected on cotton last year.
Probably the most marked reduc
tions throughout any schedule in the
bill as a result of the action of the
two houses and of the conference com
mittee are found in the metal sched
ule. beginning with a decrease in the
rate of iron ore from 40 to 15 cents
per ton, there is a general reduction
throughout tnat portion of the bill,
pig iron going down from $4 to $2.50
per ton. and scrap iron from $4 to sl.
The reduction on many of the items in
this schedule amounts to about 50 per
cent., and this reduction includes
steel rails. There is an increase on
structural steel ready for use and also
a slight increase on razors, nippers
and pliers, and on such new metals
as tungsten.
Rates on Hosiery Increased.
The rates on hosiery are generally
increased. In the much contested mat
ter of the rate on gloves the high pro
tectionists fail to score. They sought,
through an increase made by the
house, to raise the duty materially
above the Dingley figures, but were
antagonized by the senate, and the
senate won, the only change made in
the entire schedule being one slight
reduction.
The silk schedule was reconstructed
with a view of imposing specific rath
er than ad valorem duties, with the re
sult that the average duty will be
somewhat higher under the new law
than under the present statute.
Oil clothe and lineoleum are heavi
ly cut, but otherwise the changes in
the flax, hemp and jute provision
were not material. A slightly in
creased duty is provided for
hemp, both crude and hackled, and
also on certain high-grade laces. On
linen yarns and mattings there is a
reduction.
Sugar and tobacco duties remain
substantially as they are under the
Dingley law. The free importation of
considerable quantities of both of
these articles from the Philippine is
lands is permitted, and a material
change was made in the intern* 1 reve
nue law by an amendment taking the
tax off the sale of tobacco in the hand.
There is a uniform increase on spir
its, wines and liquors of 15 per cent.
Raise Rate on Hops.
In the agricultural schedule hops
are increased from 12 to 16 cents a
pound and there is also an increase
on lemons, figs, almonds and pine
apples.
The publishers win their fight for
lower wood pulp and print paper, the
rate on the ordinary newspaper print
paper being fixed at $3.75 per ton in
stead of $6 as under the Dingley law.
and on the higher grades of print pa
per at $3.75 instead of SB. .Mechanic
ally ground wood pulp is to come in
CAMERON COUNTY PRESS, THURSDAY, AUGUST 5, 1909.
free of duty instead of paying on»-
twelfth of a cent a pound as under
the Dingley law, but provision is
made for a countervailing duty in
case it becomes necessary to protect
this country against Canada's Inhibi
tions upon the exportation of woods
to the United .States.
Hides of cattle come in free and
there is a corresponding reduction on
leather and leather goods. The free
hide provision is based on the condi
tion that on and after October 1,
1909, sole leather from the hides that
are to be admitted free will pay a
duty of five per cent.; grain, buff and
split leather 7% per cent.; boots and
shoes, the upper leather of which is
made from such hides, 10 per cent.,
and harness and saddlery, 20 per
cent. This schedule of rates will re
sult inn reduction of 15 per cent, on
boots and shoes, 20 per cent, on har
ness and saddlery, 15 per cent, on sole
leather and 12% per cent, on leather
for uppers, if made of the hides that
are put on the free list by the pro
vision.
Bituminous coal is reduced from 67
cents per ton to 45 cents, and there
is also a reduction on gunpowder,
matches and cartridges. Agricultural
Implements go off from 20 per cent,
ad valorem to 15 per cent, and the
older works of art are placed upon
the free list. Petroleum, which re
ceived much attention in both
houses, slips through without any
duty, countervailing or otherwise, and
most of its products come in under
the same terms.
Increases in the chemical schedules
are as follows:
Liquid anhydrous ammonia, from 25
per cent, ad valorem to five cents per
pound.
Manufactures of collodion, increased
five per cent.
Coca leaves increased five cents per
pound.
Fancy soaps increased from 15 cents
per pound to 50 per centum ad va
lorem.
The list of decreases in this sched
ule was much longer, the principal
items being as follows:
Horaclc acid from five to two cents
per pound.
Chromic acid and lactic acid from
three to two cents per pound.
Salicylic acid from ten to seven
cents per pound.
Tannic acid, or tannin, from 50 to
35 cents per pound.
Sulphate of ammonia from three
tenth? cent per pound to free list.
Borax from five to two cents per
pound.
liorate of lime and other borate ma
terial from four to two cents per
pound.
Chloroform from 20 to 10 cents per
pound.
Copperas from one-fourth cent to fif
teen hundredths of one cent per
pound.
lodoform from $1 to 75 cents per
pound.
Licorice from 4Vi to 2% cents per
pound.
-Cottonseed Oil on Free List.
Cottonseed oil and cotton oil from
the dutiable to the free list.
Flaxseed, linseed and poppy seed
oil from 20 to 15 cents per gallon.
Peppermint oil from 50 to 25 cents
per gallon.
Ocher and ochery earths, sienna and
sienna earths, and umbar and umber
earths, if ground in oil or water, from
IV2 to one cent per pound.
Varnishes from 35 per cent, to 25
per cent, ad valorem.
Methylated and spirit varnishes
from $1.32 per gallon and 35 per cent,
ad valorem to 35 cents per gallon and
35 per cent, ad valorem; white lead,
acetate of lead, and a number of other
lead products, from one-fourth to one
eighth of a cent a pound.
Bichromate and chromate of potEfsh
from three to 2*4 cents per pound.
Chlorate of potash from 2% to two
cents per pound.
Crystal carbonate of soda from
three-tenths to one-fourth of one cent
per pound; chlorate of soda from two
to cents per pound.
Hydrate of, or caustic soda, from
three-fourths to one-half of one cent
per pound; nitrate of soda from 2%
to two cents per pound.
Sulphate of soda, or salt cake, or
miter cake, from $1.25 to $1 per ton.
Strychnia, or strychnine, from 30 to
15 cents per ounce.
Sulphur, refined or sublimated, or
flowers of, from $8 to $6 per ton.
In earthenware and glassware
there is but one increase. This is slight
and is made on the srnaller sizes of
plate g'.ass. The decreases in this
schedule include:
Fire brick, g'azed, enameled, and so
forth, from 45 per cent, to 35 per cent,
ad valorem: brick, other than fire
brick, if glazed, from 45 per cent, to
35 per cent, ad valorem.
Plaster rock, or gypsum, crude, from
50 to 30 cents per ton; if ground or
calcined, from $2.25 to $1.25.
Unpolished, cylinder, crown and
common window g'.ass, smaller glass
and cheaper values, reduced one-eighth
of a cent per pound.
Onyx in block, from $1.50 per cubic
foot to 05 cents per cubic foot.
Duty Lowered on Marble.
Marble, sawed or dressed, over two
inches in thickness, from sl.lO to $1
per cubic foot, with other reductions
on the entire marble paragraph and
on other stone.
There is a general reduction in mica
to 30 per cent, ad valorem. There
was before a mixed specific and ad
valorem system.
Structural steel, fitted for use. falls
in the basket clause at 45 per cent, ad
valorem.
There also is an increase on razors,
and upon nippers and pliers.
Lithogralipic plates are increased
from 25 to 50 per cent, ad valorem.
Chrome metal, ferrosilicon, tungsten,
and other new metals used in the
manufacture of steels, are made duti-
able at not more than 15 per cent, ad
valorem. Tungsten ore 1b made duti
able at ten per cent.
The duty on watches was read
justed, remaining at about the same
as the Dingley law.
A duty of one cent per pound was
put upon the zinc in the ore where It
contains more than 20 per cent, of
zinc. On zinc with less than 20 per
cent, there is a lower rate of duty.
Zinc now has a duty of 20 per cent.
There was an added duty of one
half of one cent per pound upon plain
bottle caps, and on decorated bottle
caps the duty was increased from 45
to 55 per cent.
The reductions in the metal sched
ure are more numerous and generally
more marked than in most of the
others.. Heading the list is iron ore,
which was decreased from 40 to 15
cents per ton. Pig iron, iron kent
ledge, and Spiegeleisen, were lowered
from $4 to $2.50 per ton.
Scrap iron and steel from four to
one dollar per ton.
Reductions were made on bar iron,
round iron, slabs and blooms, structu
ral steel not fabricated, anchors, iron
and steel forgings, hoop, band, or
scroll iron or steel, steel bands or
strips.
Railway Bars and Steel Rails.
The reduction on cotton ties is from
five-tenths to three-tenths of one cent
per pound, and railway bars and steel
rails from seven-twentieths of one
cent per pound to seven-fortieths.
Iron or steel sheets were also re
duced, and the duty on charcoal iron
is made six dollars a ton, instead
of sl2.
Other reductions in the metal sched
ule affect polished sheets, rolled
sheets of iron, steel, copper, or nickel,
steel ingots, cogged ingots, blooms
and slabs; round iron or steel wire;
steel bars or rods, cold rolled, cold
drawn, or cold hammered, or pol
ished; anvils, axles; blacksmith's
hammers and sledges, track tools,
wedges and crowbars; bolts; cast iron
pipes; cast hollow ware; chains; lap
welded or jointed iron or steel boier
tubes; cut nails and spikes; horse
shoe nails; wire nails; spikes, nuts
and washers; cut tacks; steel plates
engraved; rivets; cross-cut saws, mill
saws, circular saws, pit and drag
saws, steel band saws and all other
saws; screws; wheels for railway pur
poses; aluminum; momazite sand and
thorite.
Tin plates reduced from one and
one-half to one and two-tenths cents
per pound.
Duties on table and carving knives
reduced and the minimum limit of the
Nelson W. Aid rich.
Republican Senate Leader.
rates on these knives is made 40 per
cent, ad valorem, instead of 45. Ma
terial reductions are made in the rates
on files and the duty on cash regis
ters, jute manufacturing machinery,
typesetting machines, machine tools,
printing presses, sewing machines,
typewriters, and all steam engines, is
reduced to 30 per cent, ad valorem
from the existing rate of 45 per cent.
Until January 1, 1912, embroidery and
certain lacemaking machines, and ma
chines used for the manufacture of
linen cloth, and tar and oil spread
ing machines used in the construc
tion of roads, are to be admitted
free.
Lumber Schedule.
In the lumber schedule the only in
creases were those on shingles from
30 cents to 50 cents per 1,000, and on
briar wood and laurel wood for the
use of pipe makers from the free list
to 15 per cent, ad valorem. The rate
on sawed lumber was decreased from
$2 per 1,000 to $1.25 per 1,000. There
was also a diminution on timber from
one cent, per cubic foot to one-half
cent, and on sawed boards of white
wood and kindred woods from $1 per
1,000 to 50 cents per 1,000. The re
duction in the differential rates' in
favor of dressed lumber averaged
about one-third of the Dingley rate.
Paving posts, railroad ties and tele
phone poles are reduced from 20 to
10 per cent, ad valorem; clapboards
from $1.50 per 1,000 to $1.25; laths
Irom 25 cents to 20 cents per 1,000,
while fence posts and kindling wood
were taken from the dutiable list and
placed on the free list.
The only change in the sugar sched
ule consisted a reduction of five
hundredths of a cent in the differen
tial on refined sugar.
In agricultural products broom corn
was taken from the free list and made
dutiable at three dollars per ton.
Hops are increased from 12 to 16
cents per pound. There are also in
creases on lemons, figs, almonds, pine
apples and chicory root. The reduc
tions in the agricultural schedule cov
ered bacon and hams from live to four
cents per pound, lard from two to
one and one-half cents, fresh meats
froia two to one and one-half cents,
and starch from one and one-half to
one cent per pound. Tallow, wool
grease, dextrin, peas, sugar beets,
cabbages and salt were also lowered.
The wine and liquor schedule was
increased throughout to 15 per cent,
over the Dingley rates.
The cotton schedule was recon
structed and readjusted to bring the
duties up to those collected during the
first four years of the operation of the
Dingley law and to the rate then col
lected under that law. Since that
time the rates have been lowered, in
some cases from 60 to 6 per cent, by
court decisions. These new rates are
equivalent to an addition, on the
whole, of three per cent, ad valorem
increase over that collected under the
present law for last year.
Cotton Hosiery.
Cotton hosiery, valued at not more
than $1 per dozen is Increased from
50 to 70 cents per dozen pairs; more
than $1 and less than $1.50 per dozen
pairs, from 60 cents to 85 cents per
dozen pairs; more than $1.50 and not
more than $2, from 70 cents to 90
cents per dozen pairs.
The remaining rates on stockings
are the same as under the present
law.
Hemp is increased from S2O to
$22.50 per ton and hackle hemp from
S4O to $45 per ton. The cheaper laces
remain as in the present law. but
there is an increase from 60 to 70 per
cent. 011 some of the higher priced
laces. In this schedule single coarse
yams are reduced from seven cents
to six cents per pound and gill net
tings from 25 to 20 per cent, ad va
lorem.
There was a general reduction in
carpets and mats.
A reduction from 20 cents to 15
cents fs made in hydraulic liose. Oil
cloth, including linoleum, was re
duced about one-third.
There was practically no change In
the wool schedule from the rates of
the Dingley law, but there was a re
adjustment between tops and yarns
and a small decrease on cloths with a
cotton warp.
Mechanically ground wood pulp was
exempted from duty and placed on
the free list with a provision for a
countervailing duty against Canada.
The lower grade of printing paper
was reduced from $6 to $3.75 per ton
and the higher grade from $8 to $3.75.
There is an increase on surface coat
ed paper and lithographing prints, in
cluding postcards and cigar labels.
Common window glass of the lower
sizes, in which the imports are heavy,
is given a reduction, and where
changes were made in the chemical
schedule there was a general de
crease, except upon such articles as
fancy soaps and perfumes, which
were increased.
Other Reductions.
Bituminous coal goes down from 67
cents to 45 cents per ton, and there
are reductions on gunpowder, matches
and cartridges. Agricultural imple
ments are cut from 20 to 15 per cent,
ad valorem.
Hides were placed on the free list,
while the rate on band and sole leath
er is reduced from 20 per cent, to
five per cent, ad valorem, on dressed
leather from 20 per cent, to 10 per
cent.; boots and shoes from 25 per
cent, to 10 per cent.
Fireworks are increased from 20
per cent, ad valorem to 12 cents per
pound; wearing apparel made of fur
from 35 to 50 per cent, and the higher
class jewerly from 60 per cent, to 85
per cent, ad valorem; pencil lead is
given specific rates instead of ad va
lorem rates with a slight increase.
For the first time moving picture
films are named specifically in a tar
iff law. The bill gives them a positive
rate of 1M: cents per foot.
Petroleum, crude and refined, in
cluding kerosene, gasoline, naphtha,
benzine and similar petroleum pro
ducts are made free of duty and are
left even without a countervailing
duty.
The Dingley rates on women's and
children's gloves are allowed to stand.
The only change is a reduction on
"schmaschen" gloves not over 14
inches in length on which the rate is
made $1.25 a dozen pairs instead of
$1.75.
Miscellaneous Provisions.
A provision is included in the bill
which levies on all articles upon
which any foreign country pays a
bounty or grant upon its exportation,
an additional duty equal to the
amount of such bounty.
It is required that all imported ar
ticles capable of being marked with
out impairment of their value shall be
stamped with the name of the manu
facturer and the country of origin.
A very elaborate provision for the
administration of the customs laws
was adopted by the conferees. It is
practically the same as that adopted
by the senate. It is intended to pre
vent undervaluation of articles on
which there is no foreign market by
which true values may be ascer
tained.
Provision is made for the estab
lishment of a customs court of ap
peals, with headquarters in Washing
ton. It will comprise a presiding
judge and four associate judges, at
salaries of SIO,OOO a year. There are
to be appointed to conduct govern
ment cases before this court a special
assistant attorney general at SIO,OOO,
a deputy assistant attorney general at
$7,500, and four attorneys at $5,000
each.
The internal revenue tax on tobacco
is amended, making the rates on chewy'
ing an<i smoking tobacco eight cent*,
a pound. No change was made In
the tax on cigars, except those wash
ing under three pounds per XoOO,
which were increased from 54yio 75
cents per 1,000. The rates of cigar
ettes were increased to ty2s per
1,000. A prohibition against the use
of coupons or special gift pledges is
incorporated in the new law.
/
The provision granting farmer the
free sale of leaf tobacco placet a
restriction on the retail dealer which
requires him to record every sale
amounting to two pounds or more to
one person in one day. A number of
other ironclad requirements are in
cluded in the redraft of this section
adopted by the conference committee,
by which it was intended to prevent
any frauds upon the internal rev
enues, and at the same time give as
much of a local market as possible to
the tobacco grower. The grower had
contended for unrestricted sale of
amounts up to ten pounds.
Foreign-built yachts are subject to
an excise tax of seven dollars per
gross ton, which is to be collected an
nually on the first day of September.
In lieu of the excise tax the owner
of a foreign built yacht or pleasure
boat may pay a duty of 35 per cent,
ad valorem on his yacht. This will
entitle him to American registry. The
excise tax provision was adopted be
cause of the fact that some question
has been raised about the ability of
the government to enforce collection
of import duties.
Corporation Tax.
Every corporation, joint stock com
pany or association organized for
profit, and every insurance company
is required to -pay annually an excise
tax of one per cent, upon its entire
net income over and above $5,000.
This feature was put into the bill to
raise additional revenues to apply on
the treasury deficit. The section was
prepared by Attorney General Wicker
sham, assisted by other able lawyers
in the administrative circle, and great
care was taken to guard against
double taxation. It provides a form
of publicity which will enable the gov
ernment to exercise supervision over
corporations. The form of returnß
which must be made by corporation.!,
and other features of the corporation
tax law were made public in detail
during its consideration in the senate.
It is estimated that from $20,000,000
to $30,000,000 a year will be collected
under this form of federal taxation.
The secretary of the treasury is
authorized tfl issue Panama canal
bonds to the amount of $290,569,000,
which sum, together with that already
expended, equals the estimated cost
of the Panama canal. It is not intend
ed that the bonds shall be issued ex
cept as needed to provide money to>
carry on the work of canal construc
tion. The bonds are to be payable 50 1
years from the date of issue, and will
bear interest at a rate not exceeding
three per cent. When the bonds are
sold the secretary of the treasury will
restore to the working balance the
$50,000,000 paid originally for the
canal property and the canal zone.
The re-enactment of the provision
authorizing the issuance of treasury
certificates for money borrowed to
meet public expenditures, increases
the amount of the authorization from
$100,000,000 to $200,000,000. A large
number of other provisions that are
in force under the existing tariff law
are included in the conference bill,
with a few changes in phraseology in
several cases.
The drawback provision of the Ding
ley law is incorporated in the confer
ence bill in lieu of the drawback of
the house bill which intended to per
mit the substitution of domestic ma
terial in the manufactured article for
export to the same quantity that the
imported material, upon which a
drawback was obtainable, was used in
the manufacture of similar articles
for domestic consumption. An addi
tional provision was adopted entitling
users of domestic alcohol in the man
ufacture of perfumery and cosmetics
to secure a drawback of internal rev
enue tax to the amount of alcohol
used in an exported article.
Senate Ideas Accepted.
Practically all the administrative
features of the bill which were adopt
ed in the senate were accepted by the
conferees. They include a new maxi
mum and minimum feature, a corpo
ration tax law instead of the inheri
tance tax adopted by the house, au
thorization for a bond issue to raise
money to build the Panama canal, as
well as numerous other features.
The maximum and minimum provi
sion prescribes duties in accordance
with the rates named in the dutiable
list until March 31, 1910, when 25
per cent, ad valorem is to be added
automatically as the maximum duty.
The president is authorized to apply
the minimum rates, however, to im
ports from a country which gives its
best rates to the products of the
United States and is made t<pe judge
as to whether a foreign country ac
cords to the United States treatment !■,
which is reciprocal and equivalent. |
When he finds that this condition ex- 112
ists he is to issue a proclamation put
ting in effect the minimum rates and
until the time of the proclamation the
maximum rates will apply.
The president is empowered to em
ploy such persons as may be required
to secure information to assist the
president in the discharge of the du
ties imposed upon him and informa
tion which will be useful to the offi
cers of the government in the admin
istration of the customs laws. The
reciprocity treaty with Cuba is not af
fected by the maximum and minimum
provision.
The president is empowered also, to
abrogate those reciprocity treaties
which can be terminated by diplomat
ic action. It is made his duty to give
10 days' notice after the bill becomes
a law of his intention to bring those
treaties to an end. All other treaties
which contain no stipulation in regard,
to their termination by diplomatic ac
tion shall be abrogated by a notice of
six months from the president to
those countries, the notice dating
from April 30, 1909, on which dato
Secretary Knox notified foreign gov-'
ernments that the United States
would soon ask them to enter into
new tariff relations.