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 (PercentagesAd Valorem Rates)
Automobiles 25% 25% 10% Beans (lbs.) ½¢ 3½¢ ½¢ Bibles 15% 15% 15% Blackstrap (gal.) 1/6¢ .03¢ .03¢ Boots and Shoes Free 20% 20% Butter (lb.) 8¢...