The watchman and southron. (Sumter, S.C.) 1881-1930, April 26, 1913, Image 7
1 DEMCmnt TUFF.
1!
COMMITTEE HEPOIIT ON I'NHEIL
WOOD HILL.
Arguuieut lu Pa%nt of Tarif/ for Hc?
enue Rather than tariff fur l?rotcv
iJoie?1People as a Whofe Will
ba Bettctlttcd by Democratic by*
teta Whereas Trust? Now Fatten on
Prot? -lion System.
Washington, April 22.?Presenting
the completed Democratic tariff re?
vision bill to the houae today the Dem?
ocrats of the ways and means commit?
tee recommended radical regdju
mtm ?if the oi.itri fiscal pell? . of tho'
spy ->v The) pr^o|shaei| t., rr ?c? an I; -
? ?fn? lax the Sieans ot ac(jurate|j ad-;
jusilng the funds to be raitud by tux- \
m ou to i >rrcapoud with necessities'
(-r pad.. mi. it ? ,, i
The report, submit td ?
I'nderwood, after OltNglgs; the .
tlons of the pr posed in em.
said:
' The revenue from til in?., up
readily respond to changes of ratwa
and the latter can be raised or lowered
\ithin a few da; j' time without busl
tartff changes occasion, it is believed
falsa disturbances such a ?en? ral
that a budget i>r other effe-tive sys-'
tem by which congrers may be able
closely to rab'ulat i and determine in
advance forthcoming expenditures wdl
Soon be devised. In which event it i
should become easy to maintain a 1
close balance between expenses und \
revenues *o?-h as Is practiced in most
other civilised countries. With other
Sources of revenue revised to an hon?
est and Axed basis and the income tax
a permanent part of our revenue sys?
tem and at all times sffording a sub?
stantial amount of revenue, congress
could, and if necessary should, an?
nually raise or lower the income tax
rates In tuch manner as would prevent
either s deflelt or a surplus In the
treasury. This combined tax system
would afford Justice In taxation, flexi?
bility and stability of revenue and
rigid economy In expenditures."
The Democrats, outlining their
policy In the preparation of the bill,
announced sn absolute disregard for
the coat of production theory aa regu?
latory of tariff rates and declared that
la the pending* bill they had attempted
to eliminate protection of profits and
to cut off duties which enable manu
fecturera to exact a bonus for which
no equivalent la rendered.
"To introduce In every line of indus?
try a competitive tariff basis providing
I mbstantlat amount of importa?
tion to the end that no concern shall
be gala to feel that it has a monoply
of the home market gained other than
through the fact that It Is able to
furnish better goods at lower prices
than othera
"Which Is.the wiser course for our
government to take,'' the report ask?
ed, "the one', that demands the pro?
tection of profits, the continued policy
of hot house growth for our Indus?
trie* the stagnation of development
that follows where competl' >n ceases
?or. on the other hand, the gradual
and Insistent^ reduction of our tariff
laws to a basis where the American
mmnufecturer must meet honest com?
petition, where he must develop his
bustneee along the best and most eco- I
nomlcal lines; where, when he fights j
? hnmf to control his market, he Is
lorgiri?* tli? wa> U< the /i? \? b-pment I
id his baasaeat t.. ?atend h.> trad? u.
IBs markets of the rVo'td? in out
ludgruent tie future gruretb, of our'
fc.r..i.t Indttstriei Iks beyoncl |he
A detailed tai l ??? ai prerentedjl
?hawing, * \ schedules, the lutal reve
? ...? secured under lh< Payne tt*r
Iflj and tie . ? ui t'- <i u enu? undi i
?. nea Mil tor t ? nonilt period
Th? pablf shoared thai la I iff, I7&9.?
|?a\itl Worih of .u?i.
69 ?.C S ? in duties, at an r?|U ?
average ad N.tlorem, rate f t" i- |
cent. It estimated that under the new
bill, tl 0u0.9fJU.uuu wo?th of imports
v ..uld pay IJ6H.701.000 in duties at an
avarage ad valorem rate of It.ft peri
( tut Thus the new bill would raise
$37.?91.000 less than the present law
'The saving thus made In revenue
collections.' said the report, is oat)
suggestive of the immense!) groatei
saving secured to toe ptlblV by the
probable change In tilers resulting
m the removal of the eat ?
rat^s of the present lue.
it In n striking fa f." Ihs report
declared, that during the | ib
sequent to the renew il of the policy
of high protection in H97 there has
l.een u radical trnn iformatl.m el
American economic life !n many di?
re. Hons and that in most cases a Coli?
ne? tlon between the ratea of iloduc
Heg mit! the de\e|. pment ?t unfair
or eads tiopttt.i.adiiioaa ha* been
fully established
The Increased e..Ht of living was
mentioned as the most striking eco?
nomic (hange needing adjustment
through 'he tariff and a table waa
submitted showing the percentage of
increase in wholesale prleea al maa)
articles in the period from ||f$ to
1110. The table gaVe ib ? pSr< entagt
of tncrase aln'e H97 I 0 in farffl
product! aa 9:i 'i pe d. i?; :
per cent; clotbln'
Implements. M 11 ?*? Sj|
cal*. 23 9: house' furnishings. fTIf
miscellaneous, 4 4.5 kn average In
naani in Hvn-h commodities ol per
. cent.
In close conjunction with the high
t <?Mt of living the report suggested
the development of trustH und Indue*
trial combinations during the same
period ami |HV4| a liat of Iff such
controlling thousands of plants and
one having an aggregate Capital of
many billions. It also referred to
the rapid exhaustion of natural re
sources and said "that the protective
system has been greatly influential in
maintaining a too rapid rate of de
;> t on <?f natural resources in order
t.? .??..? ist- the constantly Increasing
demands of a rising population la un ?
unsj?stasable fact."
Discussing ihS Democratic theory
of loritt revision, the report declared
for lha establishment of duties d< -
signed primarily to produce revenue
without thought of protection, and I
for its attainment of Mrs end bj leg-]
isla t Ion, thai would Pol injure oi de-J
stroi legitimati industry. In this
< onnec t ion i he re|?on in id;
To protect profits, uf necessity I
m^egjpl tu proteet inetncjicncy, it does
not stimulate industry escausi u
manufacturer, standing behind a tariff!
wall that is protecting his prolits, is
not driven to develop his business'
along the llnea of graatesl emclency,
and greatatt economy. Thin is clear?
ly illustrated m a comparison of th
S'Ojpl and iron and sttel Industrie*
Wool has had a specific duty tha<
when worked show-, an ad valorem
basis amounting to a tai ol DO per
cent on average value of all woolen
goods Imported into the United States,
and the duties imposed have remained
practically unchanged for 40 years
During that time the wool industry
has made comparatively little prog?
ress In cheapening the cost of Its pro?
duction and improving its busi
ness methods.
'On the other hand, In the iron and
steel industry the tariff rate has been
cut every time a tariff bill has been
written. Yet the Iron and steel in?
dustry has not languished."
In a series of tables the report
showed that the articles dutiable un?
der the Payne law and placed on the
free list by th Underwood bill in
the last year yielded a revenue of
$24,698.226 on Imports of $102.402,
57$. The committee took from the
present free list and levied duties
against articles which. It Is estimated,
will yield $4.647,055 revenue on $4 2,
595,510 during a 12 months' period
under the Underwood bill. A com?
putation by treasury experts present?
ed In the report shows that the gov?
ernment revenue, from all sources,
in 1912 was IISMSS.IS] and the gov
ernment expenditures $001.297,9 f>9.
leaving n surplus of $37.224,502. The
estimated revenue front all SOUr< M
for the first year under the Under?
wood bill Is $920,000,000 and the esti?
mated expenditures $901,790,000.
With a treasury surplus of $1,111,000
this would leave a deficit to be raised
by the income tax amounting to $68,
790,000. The earning power of the
income tax the first year of its op?
erations is fixed by the report at $70,
125.000.
In its estimate of the amount to be
raised by the income tax the com?
mittee presents a table showing that
126,000 Incomes between $4,000 and
if n M pgy 16*0.00A ras; i7?.onn
income! betweep *"'.""" and $1.
will pn) |6,H40,0OQ; 5,3.000 Incomes j
...aw...., $10.04)?; nog* ft5,0o0 will pay
fi 240,00?: Jl 50*0 incomes between
t! 5,004) iind * -" W i.'1 pa? 'v
000; l 0,|0o incomes between jf2O,0 M
and 125,000 v.l1 pa) |2,lO0,0O0j ill,-!
As Incomes between $Hf?,o00 and
$.'10,1)00 m l J 1; * ?? ?,?...,?., i .,.??'? HI !
eomes bi tWeetfl $50,000 und $100,000
\? ill {..?.. 11! ...?,e ???<?< j ;.?? > 11- one 1
b>.iwe??n tJSO.aOO upd $25o,ou0 will
p.i s $! ? O.OOO: ' 50 im onu ??' I ?v ???
|2??o,ni'i?j and ?.".?'??,Oimoi w A\ uu\
?1.5,sog, ?.*?o Incomes bciwot n t*#oo -
?00 and $1,004),000 wdl pa;
000, and 100 Incomes of over $1.000,
000 will pay $1,110,000, a tots) ol
121,000 inconu-5; to bo taxed $70,115,-1
? M'O.
The report n - that the uvune '
tax Is Included "'.n response tu the
ceneral demu'v1 IT c ? Id tax?
lion and to the long standing need "t
an ?la*ti<* and productive e^&teni of
revenue."
in connection with our legislative
work of readjusting lbs old snd
adapting a new necal policy," the re?
port continues. "congrsas should
eliminate the Iniquities and abusei
of the existing system of tariff taxa
lion, reduce the customs rstes lo ?
sound revenue basis snd levy an In?
come tax in equalise lue tariff bur?
den and t.. give elasticity snd pro
duetlveneai lo otir revenue system."
The report characterises ihe pres?
ent tat iff system iS "fluctuating, in?
flexible, unstsbl? and often times un?
productive, thus exposing the k^>v
ernment In defb leni les or excesses
with all their attendant embsrrs
msata
The repoit declared Ihe maximum
and minimum ?lause of the Payne
law giving the president the power
lo impose additional duties ?>n the
goods of Countries declining to In
elude Ihe Lfn!tt4 States as "a most
TIE VETERANS* MEETING.
soLIHKltS OF FOHMlit VK.MtH
(.M ill It IN HI I NION AT
AIKEN.
Man) Interesting Invents und Stirring
Nin'ocIics Dining the Day Arouse
KnlirrisMin or AML
Alken, April 23.?in the Theetone
theatre this morning, with a stags
profusely decorated with tattered ban?
ners and battle-scarred relics of the
?lO'a, the annual reunion of Souil
Carolinu <. vision, rnlted Confcderab
\' rai . ortl< inII) op< here.
"he trains of last nigh! bn? ?';-(>( into
Aikcii vast oueouraes of people, while1
fh..^.' ;bi; morning ineroas? ! the
streain id comer**. Hundi.i ad-'
dltlonul arrivals are exi.????! during]
thu remainder ol in., uftcrnoon .if:-!'
throughout He- night. Numl>ers
vet.?ran- ure coming in from v tgust?,
ami other parts et' Richmond county,
Georgia, to mis and mingle with theii
old comrader
Seated on the stage of the theatre
when the literary exercises be this!
morning were numbers of official In
dies and the Daughters ol th< local
chapter, in addition tu a number ol
distinguished men, including Gen. U.
R. Brooke, historian and orator; Gen
C. Irvine Walker, honorary comman
der-in-chief of all tin surviving fort i
of the Confederacy A Col. i'. Hen?
derson, ex-Gov. John C, Shcppard,
Maj. Gen. B. Hammett Teague, who is
commander of the South Carolina di
\ ision, and ol hi??.
The uphers were unavoidably slow
in seating the 1,500 or more people
who hied into the theatre, and it was j
not until 10.30 o'clock?30 minutes
late?that the curtain went up and the '
exercises began, with Capt. C. K. Hen?
derson, commander of the Harnard E.
Bee camp of Aiken county veterans,
presiding at the preliminary opening.
As the curtain rolled up the band
was playing a medley of old Southern
airs and war tunes, merging into 'The
Bonnie Blue Flag" as the curtain was
raised. This brought forth shout af?
ter shout but the demonstration was
not in the least degree comparable
with that which burst forth from a
thousand throats when the band
struck up "Dixie."
The presiding officer then sounded
his gavel for older and an invocation
was ordered by n chap?
lain, Lieut Col. F is, I>. 1)..
of Walterbore.
The first speak i bert B.
Gyles, mayor of J lellvered
a general gddreei *ome to j
Aiken, assuring the it Aiken
deemed It a signal td a pe?
culiar pleasure to n hi re,
lie expressed, tot?, t.ie nope that the)
would remain longer in Aiken than
did Col. Kllpatrick when he sncdunt- i
ered here, in lSt>5. the fighting men
Of Joe Wheeler. This brought ap?
plause of appreciation and an under?
standing laugh.
Weloomin ; the veterans was Col.
Daniel S .Henderson of this city. IDs
introduction?or rather his presenta?
tion, for he is known all over the
State?orought forth shouts and
cheers. Filled with the appeal of his
irresistible eloquence, the welcome of
Col. Henderson was signally imprcs
ive When he had finished his re
marl I 0< n I R, Brook ? introdu? ed
: resolution thanking Qen. Bennett
it Young, commander-iu i i*.I? I ,,r tin
Confederacy, tor his'selection ??! Col.
Iletidi 11 oi to deli er th? annual oi.- ?
tloi <\' the CliattU4ioogM reunion Th<
i, ol tit ion contlfiUed by eos^unvnding
tin wisjdom ol (Jen. Young's ?! i
Tiie resoluti??ti received '?> prompt sec?
ond, and, *,v i rating vote, was unani
i. i ? usl j adopted,
Tl ? addri as uf a el< oi to Ire Sons
of v? . in ?? ,? nd ? iv p lud) atti ndui h
v as di IB red b) Haddon Johnson.
Then u ?mmumh r of ?i,. dB n
t;. !.. T< iitfi v. was tendered the u ?^
?f the further ? slon of 1 li< ? -t ?
lion.
Responding to the .several addrcas?
of welcome was Col. W. H. Edwards
of Chester He thanked Aiken for in
? it ng them here: ' When everywhere
else we Aerc neglected." He *>aid lhat
the) had :t11 heard of the cliarmti of
Aiken, hul that she was truly more
rhurmiiiu than had ever been depicted
to the outside world, concluding with
profuse assurances to the effect that:
"In the future this will be a green I
?pot iti the hearts of us nil.'
bTe annual orator of the occasion
was John C, Bheppard of ECdgetield, ?
former governor of South Carolina,
and still actively Identified with the
affairs of ihe commonwealth. 11 i^* In?
troduction elicited vkiferous ap?
plause.
Mr. fthcppnrd spoke without any
manuscript AI nil times n speaker
of most distinctive ability, he sur?
passed himself today, is the mit
favored tuition' In commercial ad
iustments has been a failure, The
new tail strikes that provision from
the law and gives the president the
power to negotiate trade agreement;
containing "mutual concessions'1 with
foreign countries to be approved b)
congress.
spoken opinion all who ever heard
him apeak, it teemed with the win
? loin ot the HtiiteMinen "i "id who
m?de South Carolina'? liiatory u rec?
ord ??f successive glorious achieve
in?ms. it burned with the Hres of
patriotism, throbbed with veneration
and reverence, love and care for the
survivors of the Confederacy, and was
aflame with the fires and traditions
of the old South.
Many times was the Speaker in
terrupted with applause provoked by '
his utterances, and as he mentioned
the leaders of the War Between the.
lions th resultant cheers were
that, tlieij deed* and Lheii a/ortl at
still fresh in f.h* memoi t of tl ii
The mention ol Kol ?er 1 l. 1 ?>'-::::??. ?
referent ??? Wadi Hampton Mai ha >
Iii dford rorrc-st and othe ??? o.< t< d
like magic upon the assembled peu ;
pie, and . |p . i : Vi' i t Ueei mount< d
whirlwind ??! prolonged applau !
a hie a was followed i ? 11 .? in
duet ion ol Ucn C*. > ??. ii W ? I
who ?. i most cordially and heartily
received by his comrades,
The gov< rnoi ol South Carol I
made ? * short ppevi 11
This afternoon the et? ru
the Bone Of Veterans are holding gep
arate conventions .'lo- veterans In the
theatre and the Sons of Veterans in!
the Titaniun hall.
Tiie la die.", are heing tendered a
reception at tho homo ol' iJr. and
Mrs, Hastings Wyman, sr.
At ihe theatre Ililts evening Iber?
occurred the formal presentation ol
the sponsors and maids of honor, a
number of musical selections, Includ?
ing solos, chorus work and instru?
mental, followed by a dramatic en?
tertainment given by local amateur
talent.
The veterans will hold their elec
tons tomorrow morning.
The grand parade is scheduled for
(.30 o'clock tomorrow afternoon,
while the grand hall, which Is the
last official function or gathering of
the reunion, will be held in the Tita
nian hall tomorrow evening. This last
Is In compliment to the reunion's of?
ficial ladies, sponsors, etc.
So far but one accident has marred
the occaalon. .lohn Boatwrlght, a
citlsen of Ridge Spring, was run down
by an automobile and received pain?
ful injuries. Assistance was quickly
produced, and he was rushed 11? one
of the several emergency hospitals
that have been fixed about the city
The physicians do not think his in?
juries likely to result fatally, though
they are very painful. It is not be?
lieved that he was internally injured.
Teachers* Examination.
The regular spring teachers' exam
nation will be held at the Court
House, Friday, May 2nd, beginning ;it
o o'clock A. M.
The questions will he based on the
State adopted text books.
J HERBERT HAYNSWORTH,
County Superintendent of Education.
Cut6 Cut?, f For man and
Galls, / btast
So?. ^J?{?
Gives immediate relief. Heal
t w nnoney bade tk \___|.
It f.d.." . . %
f I - %W
C ? Pratt ProfiVrilSIUSj
Booklet,
1913 Almanac FREE.
W. v *?? - don llrogdon,
Geo. H. Hurst,
CNDKRTAROt WO EMBACH] .11
Prompt attention to duj or night
I ?Um
AT CM&D .j. i>. i R \IG STAND, S.
Sfuln Strt et.
IISJ IMiomo 539. *,'t.lit Phoni 201,
!flBs?W:
I i
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tonsorlal work?.
Its right opposite the Post
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learn about our excellent
service.
The Sumter Shaving
Parlors,
Dan P. Mosely, Prop.
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i i ' > 11 iilia;; |?)< !? i i i o .. ||k< ;;? . ?? *n t,
it. i..mI(- ii unil dm I *. farm talucs stuitifis or houlilci
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Writ* roll |mi ?< t. !?
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e- work i" be. lioiir
4? nrniinr
Mr.
Land
Owner
The Biggest Problem in the South is Drainage.
I l AI j LH I 1 IV! i il IJ I l\#\ml IL
i
i E. J. Schabelitz,
I P. O. Box lb6. Su niter. S. C. 1
?
There's Music
in the Air
Music of the kind that makes the heart glad,
when someone plays a "WINTER."
Here it is, the Piano you really want, the one
you can own by reason of our liberal terms.
The Pringle Piano Co.
AT SIMPSON FURNITURE CO.
8 EAST LIBERTY ST SUMTER. S.C.
1 ?
As a Lei ter ?: R<. I e ? ence
rATT CAN.M A iUA
Accouor
? We offer you our servit i? always prepared
pi[>te< ( - i -ii? intf i v"Nt.
?
IF IT WAS
Only to ?lo over again rd liavo more sonne*1 I* the rrj ??f inn] a
man who has passed llio larger earning prrual of Mm life in ha\
ii\? a "good time" Instead of |hv|iarliig for ??l?i age.
However, life is a one-wa\ Mail?ii- "Do it Now" or reget it
later.
It i- our earnest desire lo otnhlhdl rrlnticNII of mutual useful?
ness with more of the yoUltg men of i Iii- community, tome in
ami let u- demonstrate to you our nlillitji i>? amdsl you in >our en?
deavor* to gel nliend in the world, not mil) demonstrate our
ability hut our willingness t?? luijt poll in an> wa> consistent wl'.li
safe, sound hnnklllg.
Fir^t National Bank
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