Monday, Aug. 26, 1929
The Senate's Bill
Having disposed of last-minute details, the Senate Finance Committee last week completed its rate revision of the Hawley-Smoot tariff bill, made public its handiwork. Its Republican members then took up the administrative provisions of the measure, which, by the system of valuation determined upon, will point the entire legislation up or down.
Essentials of the Senate bill:
Commodity Present Rate House Proposal Senate Proposal (Percentages--Ad Valorem Rates)
Automobiles 25% 25% 10% Beans (lbs.) 1/2-c- 3 1/2-c- 1/2-c- Bibles 15% 15% 15% Blackstrap (gal.) 1/6-c- .03-c- .03-c- Boots and Shoes Free 20% 20% Butter (lb.) 8-c- 14-c- 14-c- Cattle (lb.) 2-c- 2 1/2-c- 2 1/2-c- Cement (cwt.) Free 8-c- 8-c- Corn (bush.) 15-c- 25-c- 25-c- Corsets 75% 75% 75% Cream (gal.) 20-c- 48-c- 56.6-c- Diamonds (cut) 20% 20% 10% Diamonds (uncut) 10% 10% Free Dolls 7% 90% 70% Dried Apricots (lb.) 1/2-c- 2-c- 6-c- Dried Cherries (lb.) Free 2-c- 6-c- Eggs (doz.) 8-c- 10-c- 10-c- Flaxseed (bush.) 40-c- 63-c- 56-c- Glassware (toilet) Free 50% 82% Gloves 40-75% 60% 30% Grapefruit (lb.) 1-c- 1 1/2-c- 1-c- Harness Leather Free 12 1/2% 14% Hay (ton) $4 $4 $5 Hides Free 10% 10% Lemons (lb.) 2-c- 2-c- 2 1/2-c- Logs (spruce, cedar) Free $1 Free Manganese Ore (lb.) 1-c- 1-c- Free Maple Sugar (lb.) 4-c- 7 1/2-c- 9-c- Matches (box) 8-c- 20-c- 20-c- Milk (gal.) 2 1/2-c- 5-c- 6 1/2-c- Peanuts on Shelled (lb.) 4-c- 7-c- 4-c- Pig Iron (ton) 75-c- $1.12 1/2 $1.50 Pork (lb.) 3/4-c- 2 1/2-c- 2 1/2-c- Potatoes (cwt.) 50-c- 75-c- 75-c- Poultry, dead (lb.) 6-c- 8-c- 10-c- Shingles Free 25% Free Sole Leather Free 12 1/2% 15% Sugar Cane (ton) $1 $3 $2 Sugar (Cuban, lb.) 1.76-c- 2.40-c- 2.20-c- Sugar (world, lb.) 2.20-c- 3-c- 2.75-c- Tomatoes (lb.) 1/2-c- 3-c- 2 1/2-c- Wheat (bush.) 30-c- 42-c- 42-c- Woolen Rags 7 1/2-c- 8-c- 24-c-