The times., 1898-06-10


first accepted. and the subscriptions for the low
est amounts shall be first allotted Provided
further, That any portion of any issue OF said
bonds not subscribed for as above provided may
be disposed of by the Secretary OF the Treasury
at not less than par under such regulations as he
may prescribe, but no commissions shall be al
lowed or paid thereon; and a sum not exceeding
one-tenth OF one per centum Of the amount of the
bonds and certificates herein authorized IS hereby
appropriated cut of any money in the Treasury
not otherwise appropriated to pay the expense OF
preparing, advertising and issuing the same.
In dealing with the beer tax the Senate
struck out the words which would in
clude beer that was stored but in con-
ference the words "or stored in ware
house" were added so that there can be
no ambiguity as to the intent of Con-
gress.
The increase of the rebate to the beer
brewers from ) TO 71-2 per cent remains
as fixed by the Senate.
The special taxes levied by the Senate
against bankers, brokers, Dawnbrokers,
etc. was agreed to by the House with an
amendment striking out altogether the
Sl2 tax against insurance agents and lin
fting the tax against theaters, etc. to
cities having population of more than
1900. according to he last census.
The tobacco schedule, which caused a
vast amount of trouble, resulted in a
compromise. In which Mr.. Dingley and
cessful. The Senate reduction from the
House. rate on cigars from 81 to $3.50 per
1000, stands. and a compromise, satisfac-
tory TO the manufacturers, antagoniZing
the trust was reached. The House pro-
vfded that all tobacco stocks on hand
should be taxed according to the in
creased rate. but the Senate struck out
this retroactive clause. Mr.. Dingley in
sisted that it should go in and the
Senate cd TO eli fo r. in
part. The compromise assesses an in
creased tax equal to half the difference
between the old and this law-or cents
pound-on all tobacco manufactured or
imported and removed from the factory
or Gus. us.om-house before the passage of
this act. The only exemption from this
increased tax is in cases where the
amount of tobacco is less than 1909
pounds and cigars or cigarettes in num-
bers less than 10000.
The Senate action increasing the spec
ial taxes on tobacco dealers on the
amount of goods sold instead of their
valuation, Is agreed to-
The conferees also agreed to permit the
use of private dies in printing stamps TO
be affixed to proprietary articles. the dies
TO be furnished without expense to the
Government. ProprietoTs are required to
purchase at one time not less than $2, 900
worth of stamps printed from such dies
The Senate'S action in taxing all evil
dences of sale and all memoranda in con-
nCction with stock speculations was
agreed to.
The Senate amendments taxing bills of
lading are agreed TO, with a proyiso that
but one bill of lading shall be required
on bundles or packages of newspapers
when lnelosed in one general bundle at
the time Of shipment.
The tax on life insurance companies
is reduced from 10 cents in each 800 of
policies 10 cents. The House fixed It
at cents. The tax on industrial COM
panies is reduced from the 50 per cent
of the first weekly premium provided
for by the Senate TO 10 per cent. The
Senate rates with respect to all other
forms of insurance are retained-l-2 cent
on each dollar of premium charged on
fire. marine and inland insurance. and all
casualty. fidelity and guarantee insur-
ance.
The tax imposed by the Senate on re-
ceipts of all kinds for the payment OF
sums OF money in excess of 50 is stricken
from the bill.
The. Senate classification of schedule
3, including patent medicines. perfumery
and cosmetics, has been agreed to, with
a reduction in rates averaging about one
third. The rates agreed upon are as
follows On packages selling a not
5 and 10 cents, Ia of a cent; between 10
and Is cents, 3-S of cent; between 10
and % cents. SIS of cent, and for each
additional Is cents OF retail value or
fractional part thereof. in excess of %
cents. 5-S of l cent. The Senate began
with tax OF Ii cent on a scent value.
and ran up TO l cent on % cents, and
cents on the dollar. In consideration of
this reduction. the Chiffon amendment
was withdrawn entirely, 10 the relief of
the thousands of manufacturers who
thought their patented and trademark
articles were TO be taxed. The Senate's
provision authorizing retail dealers hold
ing articles taxed TO afix the tax-paid
stamps ar the time such goods are sold
was likewise agreed to.
The excise tax of one-quarter Of l per
cent on the gross receipts of all persons.
firms or corporations refining petroleum
or sugar, or owning or controlling any
| pipe line for transporting oil or other
products. whose gross receipts shall eX-
I sceed $50. 600 stays in the bill. and also
the Senate tax of l per cent on each sleep
ing car berth ticket and each chair or
seat ticket sold for parlor or palace
car
The elimination of the tonnage tax by
| the Senate is agreed 10.
All of the Inheritance tax provisions
| inserted at the instance of Mr. Wolcott
We're agreed TO by the House, and this
| tax promises to be a permanent thing
| in the future.
| The Tawney bill which deals with the
subject of pura -four was substituted for
Mr.. Mason's provisian put in the bill by
| n vote of the Senate. This substitute
| defines mixed flour to be the food pro-
| duct made from wheat, mixed or blended,
| in whole or in part with any other grain
| or other material or the manufactured
| product Of any other grain or other ma
| terial than WHEAT Any person engaged in
| the business Of making, packing, re-
| packing mixed -four is required to pay
| tax at the rate OF $12 a year The prod
uct is to be plainly marked. and the
| names of the ingredients designated, the
| name OF the maker or packer. and the
| place where made or packed. An internal
| revenue tax-paid stamp is required to be
affixed to all packages CT mixed flour as
| follows:
Containing 1876 pounds or more than 95
| pounds, 4 cents; between 40 and 9S
| pounds, cents; between p IL and 49
| pounds, 1 cent; "a 1-2 pounds or less, 1-2
| cent.
| The duty of 10 cents pound is accepted
| by the House with the proviso that 1t
! goes inso effect at once. instead of July l.
| The whole war revenue measure, ex-
| cept as otherwise provided goes into ef-
| feet the day next succeeding the date of
| its passage.
CHARGES OF FRAUD.