Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1898-05-19
WAR REVENUE BILL.
The Committee on Finance Reports
the Measure to the Senate.
The CHANGES MADE IN The BILL.
The senate Passed the Railway Arbitration
Bill Disabilities Removed from Rebels
Bill psssrd BY the House for
Coast Defense vessela

Coast Defense vessel@
WASHINGTON. May lathe senate
committee on finance yesterday con.
cluded its consideration OF the war
revenue bill after two weeks sitting,
and Senator Allison reported II to the
senate at four o'clock. The bill shows
that all the provisions in the house
bill for the issuance Of bonds and
certificates OF indebtedness were
stricken out. and Mr. Allison, In re-
porting the measure, made minority
report giving authority for the bond
issue. The amendment inserted at the
instance OF the democrats for the issu-
ance OF greenbacks Is as follows:
That the secretary Of the treasury Is hereby
authorized and directed for the purpose OF
meeting and detraying the expenditures made
necessary by reason Of the existing war against
Spain. to prepare and issue, on the credit OF the
United States Of America from time to time as
the same may be needed, during the next
fiscal year. United States legal tender
notes to the amount of l5)0OO,00O which
notes shall be Of like denominations and OF the
same legal tender quality and shall be payable
and redeemable and reasonable In the same
manner as the $4,000, % OF such notes now
outstanding as described and mentioned in the
act OF congress Of May |. 1875, said notes when
first issued to be expended only upon the war
account aforesaid, and said notes shall be ex.
empt from taxation by or under state or munic-
ipal authority
rhe provision for the coinage Of the
81 YER seigniorage is as follows:
That the secretary OF the treasury shall i'm
mediately cause to be coined. Us fast and as
soon us possible, into standard silver dollars.
which shall be Of like weight and fineness and
OF like legal tender quality as those provided
for under existing law, the silver bullion now
held in the treasury, being the amount OF the
gain or seigniorag, derived from the purchase
Of silver bullion b; the treasury under the act
Of July IA, 1890, amounting to the sum Of s42,-
OOOOO said moneys so coined to be immedi-
ately available for payment Of expenditures on
account OF the present war with Spain.
The secretary OF the treasury Is hereby au-
thorzed 10 Immediately issue, In advance Of
the coinage OF said seignlorage aforesaid, silver
certificates OF similar design and denomina-
lions and Of the same quantity, payable and
redeemable In like manner as those authorized
by law, In such sums as may, from time TO
time, be needed for said war expenditures, not
exceeding in all the total amount Of said seign-
forage SO held In the treasury.
The provision inserted at the in
stance of the democratic members of
the committee and which had during
the consideration Of the bill been
known as the corporation tax is much
broader in its scope. The house pro-
vision taxing tobacco on hand is
stricken out There is a reduction Of
the tax Of tobacco dealers, manufac.
turers, ETC., whose annual sales fall
below $1,000, to So, from the house
rate which was Sl2, and tobacco ped
oilers are exempted from the operations
of the act There are also similar re-
auctions on the licenses of cigar manu-
| facturers
The republicans decided to make q
minority report recommending the re.
tention Of the bond feature and also
the provision for time certificates, but
reducing the amount Of the bonds and
changing the language of both provi-
sions. The report says:
tha saorat NJ ho fro ot,ru 10 author.
lied to borrow from time to time, at rate Of
interest not exceeding three per cent per an
num- such sum, or sums, as In his judgment
may be necessary to meet public expenditures
and to issue therefor certificates Of indebted
ness in such form as he may prescribe and In
denominations Of a5O or some multiple Of that
sum; and each certificate so Issued shall be
payable with the interest accrued thereon at
such time not exceeding one year from the
date OF Its issue as the secretary Of the treas
ury may prescribe.
CONGRESSIONAL PROCEEDINGS.
! WASHINGTON, May 10. After pro-
| longed discussion the senate passed
the bill concerning carriers engaged
in interstate commerce and their en-
yes"-popularly known as the rail-
way arbitration bill.
A bill was offered by Senator Stewart
that AL disabilities imposed by the
fourteenth amendment to the consti-
tuition Of the United States upon per-
sons on account Of having engaged in
instruction or rebellion against the
United States, and on account OF hav'
ing given aid or comfort TO the enemies
thereof, are hereby removed" twas
passed without debate.
The house passed a measure provid-
ing for the organization of special
line of coast defense vessels and the
enlistment Of men adequate to man
them. The senate bill to establish a
volunteer signal corps was passed
without amendment.
A resolution was passed calling upon
the secretary Of war for information
relative to the construction Of ship
canal at Sabine Pass, Tex. and Its
probable effect upon the depth Of the
harbor at that point
The house voted to insist upon its
non concurrence in the senate amend
ment to the bill providing for feeding
and arming the Cuban people and the
speaker named as conferees Messrs
Marsh, of Illinois; Griffin, Of Wiscon
sin, and Cox, Of Tennessee.