, 1865-03-01

Amendments Proposed By the Senate
Finance Committee.

IFrom the Washington Chronicle, Feb. 81
The uouee amendatory internal revenue bill
was reported hack TO the Senate last night from
viii sunfiry nn,cndmears; ] 4 aa,oas them no. oae . 10
strike out exemption from daty or tx Bibles snd
Teetnmcnsf, or volnucf conss>ttue only OF parts
books. geosraphics, grammars. and school booKs
of the kinds usea In common and prinarT Tschoo{R.
md oil hooks printed exclusively for tho use Of
Sunday s, schoola; bnt ths they exemption proposed by
at morc than two do1tnrs
The scnnte Flnance Committee report the fol-
snua, ,nanutac .nred tobacco any eutstitute for
tobacco ground, dsy or damp, picked scented:
or otherwise. Of nll dcecEiptious-whcn prepared
for use, forty ccntG per pound.
The committee propose to strike oat the tax OF
foTts cents pound on c3ysnai5h, plag, twist ana
all other kinds Of N ,nufacturcd tobacco no: here
in or utherstise proridea Ior.
They propose th!rty.fve Instead Of forty Cents
= pound IN Hcecni Chewing iobacro, whether
manufactured with she stems IN Or not, o. how
rolls. paiHrs> Wrappers nr boxes.
un cigarettes made Of tnhacc0, enclosed IN a
aper wraPpsf and put up ~ p,sasss CO. sontanng
at not more than fire dollars per hundred pack
aeee, five cents per package.
dhs Gommtef Prorn. to suS,1si t. tSs the
cheroote md cigarettes, duty Of i've duliArs a
Thousand on cheFoote, shorts sizes, md all cigsra
valued nj less than fifteen dollars a thousand.
The Committee leave the principle Of the H.
come >1ar untouched, namely: duty q tl.e pr
ccntum on the excess oser ei1 nundIea dosiars.
and not exceeding five thousand dollars, and d
duty Of ten i.er ccntum on the excess over hve
thousand dollars, bxt propose to strike out the
following proriso: That net proa.s realized hy
1864 ehall be chaseca6lc as incomc, and Losses on
eales Of real estate purchased since January /,
1864, and sold within the year for which the 1u-
come Is estimated, shall be deducted Eom the in
come Of euch year.
The commt,ee propose to strike on, the section
providing that: from and after the tst Of April,
ISIS there eh I'll be paid In lien or the duty now
provided l,y lsw, o. IL cotton upoa winch duty
1ss bceh paid. and which il NOT exempted By law,
q duty Of str Cents per pound, until the 1st OF
July. 1906 and, on and after that dasc duty o' five
The commsttee aleo propose 70 exempt coal
from tue dutr Of twenty per centun additional On
the rutes proposed to be increased TO taat e1>
tent near all the articles IL the ninety
RccnDn Of the present Law.
And they report in favor Of striking out the
State bunk, Or stsse hanSine as.ociation shall pay
tax VI ten per ccntum on the amount of notes ol
nfy State hank or State baukinc essocaation paid
They propose to reduce the duty on crude petro~
1eum from ftx 10 two reuts On a gallon
Tbs committee propose several new sections,
Taxing eales one twenty fourth Of one Der
centum.
Provadinc the PseeidGnt ehsIl appoint an addt-
nal tsercnue, With the requisite number Of clerk
Auth 3s1zlug the 5ecrctsty Of tAa Treasury to
nppo!nt commission Of three members 1t thrcp
hundred dollars wonth, to take iata consldesa
ION and report on raising By taxation such Fevc-
nue A. may be necessary 70 supply the ~aats Of
Government
Repcalne or suspendIug the boanties on the
cod fehcrics, from and after the drft OF Aprtf
next and during the present wsE and one se7s
thereafter.
Tbe present rates Of rostsse On letters 70 he
1pcreahed from three to 1vu cents nfsef the LIT o
July pcIt.
scnotor Sherman has given notice Of an amend
lieu Of the present duty, there ahati be collected
on ana nftcr July 1st next oncfourth PET cent PEI
month. mud after January ncxt. one-ha!s per cent
Or the average amount Of National Bank clrcn'