The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1898-05-17
OF REVENUE
BILL ENPECIER TO RAISE 800
900. 900 ANNUALLY.
AUTHORIZE ISSUE OF 3 PER CENT BONDS
Also to Authorize Secretary of the Treasury to
Issue Certificate of Indebtedness for
500, 600, 900 to Meet
ANY Deficit.

Washington, ID. c., May 16.-The de
bate upon the War Revenue measure
was begun in the Senate to-day. The
opening statement of the Committee on
Finance was made by Mr.. Allison, Iowa,
the ranking member in the absence of
Mr.. Morrill,. of Vermont. 1t was est
mated that the bill as it came from the
House of Representatives would raise
about 500. 100000 a year. As reported
from the Senate Committee Mr.. Allison
estimates that it will raise $151,497 ,O66.
Appended IS a recapitulatiOn of the
amount of revenue to be derived by the
government under the present law and
under the bill as it was reported from
the Senate Committee OF Enhance 1t
will be noted that the estimates include
the amounts raised under the present law
and the increases proposed in the pend
ing bill.
Fermented liquors S5S. 096, 100; tobac-
60 and snuff S43. $40. 800; cigars and ci-
earettes S16.3O2, 49,; tobacco manufac-
turers and dealers $780,, 100; bankers s.
39i. 600; exchange brokers and pawn
brokers ST. 900; commercial brokers
S2l3,094: theatres, circuSeS and other eX-
hibitions S1,S2O,447; bowling alleys, and
billiard table $166, 967; stocks, bonds.
merchandise. ETC.. $4,000. 900: bank
checks $I,OOO.OOO; international bills Of
exchange 81. 900. 900: foreign bills lad
ing $4,000, 600: life insurance S2.277. 900;
mortgages S2,O11. 800: all other articles
i'll schedule A., including tax on receipts
S2S.OOo.OOO proprietary preparations and
perfumeries $4,000, 600; chewing gum
81 .0OO.O0O; iegacies and succession
S9.273,475. Total. $214,O45.S29.
Add the revnue to be derived from ar
ticles not included in the pending bill
on the basis of receipts Of 1897 to this
$214.O45,S2 spirits $50. OOS. d.; brew
ers Especial tax $16O.921; retail dealers
in malt liquors S191.O71; wholesale deal
ers III malt liquors S27S.SO1: oleomarga-
rine 81 .O34. O29; filled cheese SIS 92:
miscellaneous receipts S315,4GS. Total
estimated revenues sos. 1869. Less
revenues for 1897. .S146,619.953. Reve-
nue. provided by Senate I'll S1o1. 494 O66.
Iii conclusion Mr.. Allison said it was
the purpose Of the Senate to authorize
the Secretary of the Treasury to borrow
from time to time $500, OOO. 900 or so
much thereof as might be needed for war
purpose exclusively. and to issue ; per
cent bonds therefor. 1t was also the
purpose to authorize the Secretary to is
sue certificates Of Indebtedness for $780,
100000 to meet any deficit in the run
ming expenses of the government.
At the conclusion of Mr.. AliiSOn'S
statement the bill was made the untinish-
ed business and it will be pressed to
passage rs soon as possible.
The Senate ut 2:4O p. m. went into
executive session and at $3.50 adjourned.
ROUSE DpOCEEnJN
Washington, ID. c., May 16.-The
House today received its first veto
from President Mckinley and voted
unanimously to sustain the Executive.
The veto was of Il bill comforting upon
the Court Of Claims jurisdiction to re-
try the case of the representatives of
Isaac T.. Tice. against the United States
brought in $50 to recover $4,000 the
alleged value of contain meters to meas
IRE the quality and strength of distilled
spirits.
The day was given to consideration of
bills under suspension of the rules. the
measure Of chief Importance being one
ratifying an agreement for the allotment
and opening to settlement COmman-
che. Kiowa and Apache lands in Okla
homa. The bill was passed.
Mr. Marsh. of Kansas, presented the
conference report upon the bill authorize
ing the army officers to furnish food
to the Cuban people and arms and equip
mentS to CubanS to increase their fight
ing effectiveness against Spain during
the present war. The report was adopt
ed without objection.
At 4:5S the House adjourned.