The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-07-20

the Senate reciprocity plans are united and
ADOPTED with notifications. In the Senate
proved by Congress before ii goes into
erect, and in the House plan chfcld silk
aces sugar mineral waters and hides have
beans added The Senate provision Impos-
ing an equivalent countervailing duty on
imports from foreign countries which have
been paid an export duty is adopted
Inc reciprocity provision sets forth its
PS4 PosJ 70 De that OF "equaliz.ng the trade
OF the United States with foreign countries
exporting TO this country the following ar
ucIes: ARGOS, or rude tartars. or wine lees
crude; brandies or other spirits n1anufac-
tured or distilled from grain or other ma
terlals; champagne or all other sparkling
vines still wines and vermuth; paintings
ana Statuary. The President is authorized
to enter into negotiations or commerciaI
agreements in which reciprocal necotiations
may be secured in favor of the prodlcts
of the United States. He is empowered to
suspend by proclamation the duties on these
articles whenever equivalent concessions
may be obtained as follows: ARGOS. per
cent. ad yalorem; brandies or other grain
spirits, S-l5 per gallon; champagne, in bot
ties containing one quart So per dozen;
containing more than one quart In addition
TO the So rate, $l.O per gallon; still wines
and Vermuth, 50 cents per gallon, and other
rates in proportion where the goods are
bottled; paintings, etc., 10 per cent. ad va
loren.
The President is empowered to revoke the
concession when satisfied that the agree
ment is not adhered to in good faith by any
one country with which an agreement shall
have been made. What may be termed the
retaliatory clause of the provision is that
by proclamation the provisions of this act
providing for the free Introduction of
coffee, tea, tonquin, or tonka beans and
vanilla beans coming from any country
which imposes duties on products of the
United States which he may deem to be
reciprOcally unequal and unreasonable. The
rates which he is thus empowered to nix
are: On coffee. cents per pound; on tea,
10 cents per pound; on tonka beans, 90 cents
on cuts. ST.
The President is required to act within
two years in securing these reciprocal trade
treaties and they are to be submitted to the
Senate for its ratification. Articles are to
be reduced 10 the extent of 20 per cent.
in these treaties and the President is Spe-
officially authorized to enter into negotia-
tons which will place certain articles on
the free list for a specified period of i've
years.
Internal Revenue Provisions-The Senate
provision increasing the internal revenue
tax on cigarettes is agreed to, with an
amendment covering cigarettes wrapped In
tobacco and provisions to enforce the coll
lection of tax. The Senate provision chang
ing the law so as to allow no rebate on
the tax on beer is agreed TO. The Senate
provision for a stamp tax on the issue and
transfer of stock and on the bonds issued
by corporations is omitted from the bill.
The administrative sections added to the
bill by the Senate are substantially the
same as those passed by the House ia the
Fifty-fourth Congress, and are agreed to
with slight amendments.
Tax on Cigars-The internal revenue tax
amendment relating to cigars and cigar
cites made by the Senate was changed to
read as follows: "On cigars of all descrip-
tons weighing more than 3 pounds per
thousand So per thousand; on cigars made
of tobacco or any substitute weighing not
more than pounds per thousand, 81 per
thousand; on cigarettes made of tobacco
or any substitute weighing more than 3
pounds per thousand, 50 per thousand; on
cigarettes weighing not more than pounds
per thousand 81 per thousand"
The Senate amendment providing for a
tax on stocks and bonds was stricken out.