The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-06-10
BILL TO RAISE WAR REVENUE.
PROVISIONS OF MEASURE AS SET
TIED BY CONFERENCE.

Cent. Bonds.
Washington, June 9.-The conference on
the war revenue bill concluded their work
at noon to-day and the report was sub
mitted to the House this afternoon. 1t
provides that the act shall take effect on
the day succeeding the date of It's pass
age. except as otherwise specially pro-
vided for
The tobacco schedule is as follows:
I'm lieu of the tax now imposed by law
a tax of u cents per pound on all tobacco
and snuff, prepared, manufactured and
sold, or removed for consumption or sale;
upon cigars and cigarettes manufactured
and sold, or removed for consumption or
sale, the following taxes to be paid by the
manufacturer: $3.50 per 1000 on cigars
weighing not more than three pounds per
1000 and $50 per 1000 on cigarettes weigh
ing not more than three pounds per 1000,
provided that in lieu of two, three and four
ounce packages of tobacco and snuff now
authorized by law there may be packages
thereof containing one and two-thirds
ounces, two and one-half ounces, one.
three and one-third ounces, respectively.
and in addition to packages now authorized
by law there may be packages contain
ing one ounce of smoking tobacco
The compromise provision regarding the
taxation of the stock on hand Is as fol-
lows: There shall be assessed and collect
ed, with the exceptions herinafter in this
section provided for, upon all the arti-
ces enumerated In this section which were
manufactured, imported and removed from
factory or custom house before the passage
of this act bearing stamps affixed to such
articles for the payment of the taxes there
on and cancelled subsequent to April Il,
1898, and which articles were at the time
of the passage of this act held and intend
ed for sale by any person. a tax equal to
one-half the difference between the tax al
ready paid on such articles at the time
of removal from the factory or custom
house to the tax levied in this act upon
such articles. Dealers having on hand less
than 1000 pounds of manufactured tobacco
and 10000 cigars and cigarettes on the day
succeeding the date of the passage of the
bill are relieved from the necessity of max
ing returns and thus relieved from the ne
cessity of paying the tax"
For the expense connected with the as
sessment and collection of the tobacco
taxes OISIe IS appropriated $lUU.OUO.
The commissioner of internal revenue is
authorized to employ internal revenue
agents in addition to the number now au-
thorized
Dealers in leaf tobacco, whose annual
sales do not exceed $4,000 pounds each. S.
Those whose annual sales exceed $4,000.
and not 100000 pounds, $12, and If their an
nual sales exceed 100000 pounds, S24
Dealers in other tobacco where annual
sales exceeded $4,000 pounds, $12.
Ihose selling their own products at the
place Of manufacture are exempted from
this tax
Manufacturers Of tobacco whose annual
sales do not exceed 30, 900 pounds, S.
Manufacturers whose sales exceed 80 900
pounds, and not 100000 pounds, $12
Manufacturers, whose sales exceed 100, 900
pounds $24.
Manufacturers of cigars whose sales do
not exceed 10000 cigars, SIG.
Manufacturers whose sales exceed 1000
and not 200 coo cigars, $12
Manufacturers whose sales exceed 200, 900
cigars, $24
Any person who carries on the business
Tor which special taxes are imposed by this
act without having paid the special tax. IS
made guilty of a misdemeanor. the penal
ty being fine of from 500 to $500 or i'm
prisonment, for not more than six months
or both
It is provided that until appropriate
stamps are prepared and furnished the
stamps heretofore used to denote the pay
ment Of the internal revenue tax on fer
mehted liquors, tobacco, snuff cigars and
cigarettes may be imprinted with suit
able device to denote the new rate of tax,
and shall be affixed to all packages con-
tanning such articles on which the tax
imposed by this act is paid
Bonds-The Secretary of the Treasury is
authorized TO borrow on the credit of the
States 10 ina
proceeds may be required, to defray ex-
pendltures authorized on account of the
existing war (such proceeds when received
TO be used only for the purpose of meet
ing such war expenditures the sum of
$4OO,OOOO0O, or so much thereof as NAV he
necessary, and to prepare and issue there
Tor, coupon or registered bonds of the,
United States in denominations of $40 or
some multiple of that sum, redeemable in
com at the pleasure of the United States
after ten years from the date of their
issue and payable twenty years from such
date, and bearing interest payable quar-
terry in coin at the rate of per cent.
per annum. The bonds are to be first Of
Tered at par as a popular loan
me conference added the following pro-
Wso; That any portion of any issue of
SAD bonds not subscribed for as above .
provided may be disposed of by the Sec
rotary 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 ex
ceeding one-tenth of one per cent of the
amount OF the bonds and certificates here
III authorlzed Is hereby appropriated out
OF the money In the treasury not other
wise appropriated to pay the expense of
advertising and issuing the same"
coinage of Silver Observation-Disclosures is
me provision in regard to the coinage
OF silver bullion: The Secretary of the
treasury is authorized and directed to
com INTO standard silver dollars as rapidly
as the public interests may require to an
amount, however, of not less than one
ana one-half million of dollars in each
month, all of the silver bullion now in the
treasury purchased in accordance with
provisions of the act approved July Il
$3.50 entitled: IAN act directing the nur-
chase of silver bullion and the issue Of
treasury notes thereon, and for other pur
poses, and said dollars, when so coined
shall be used and applied in the manner
LOT the purposes named in said act
lea-There shall be levied. collected and
paid upon tea, when imported from foreien
countries, duty of 10 cents per pound
Inc changes regarding tea makes tho
a