The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1898-04-18
TO CARRY ON THE war
New Revenue Measure Is Practi-
calIy Completed.
1T WILL RAISE MANY MILLIONS,

Republican Members of the Ways and
Means Committee Propose That the Pres
ent Generation Shall Bear the Burden OF
the War, and for This Purpose the Tax il
Raised on Certain Articles of Consump-
tion, Mainly Beer aud Tobacco.
Washington. April 1S.-The Republics
an members of the ways and means
committee of the house have practical
ly completed the preparation of the
revenue measure which will be passed
to raise revenue sufficient to prosecute
the war. The members propose that
the present generation shall bear the
burdens of the war, and proceeding up
on that theory they have prepared a
Dill that will raise between 500, 000 900
or $l2O, 900 additional revenue per
annum. The bill will provide for an
additional tax of 81 per barrel upon
beer, from which $50, 200, 900 will be
raised, on manufactured tobacco and
snuff the internal revenue tax will be
increased from to IL cents. This is
expected to raise SIS, ,0OO, 900 of revenue.
The increase on cigars and cigarettes
mas not been absolutely fixed, but 1t
probably will be 81 on all classes. From
this $15.000,0O0 is expected
stocks and Instruments of Business.
The proposition which the senate
placed on the tariff bill but which went
out in conference TO tax all stocks and
transfers of corporations is embodied in
the measure together with practically
all the scheme of internal revenue tax
alton of the act of 1866 which includes
stamp tax on all checks, drafts, and
all instruments of business-(mort-
cages, loans and bonds)-a tax on pat
ent and propriety medicines and a tax
on telegraph messages and express
packages is also incorporated in the
BILL This scheme of taxation is esti-
mated to raise $35 000,0 600. The tax on
proprietary and patent medicines will
be cents on packages or bottles re-
tailed at 20 cents or under, and cents
on those retailing above that price. The
tax on telegraph messages will be
cent on all messages which cost % cents
or less. and cents on all above 20
cents. A duty of 10 cents per pound
is placed on tea and cents per pound
upon coffee with a countervailing in
ternal revenue tax on stock on hand
This latter will be i'm the form OF a
tax on the sales of stock on hand to
avoid the constitutional inhibition
against a direct tax.
From Tea and Coffee.
From tea and coffee SIS, 600 600 are es-
timated. Bottled waters are to bear a
tax similar to patent medicines. For
the pressing needs of the government
the secretary of the treasury is given
the general power TO issue certificates
of indebtedness payable in one year and
to bear not to exceed per cent. inter-
est The secretary of TIE treasury is
also authorized to borrow on the credit
of the government by popular subscrip-
ton loan OF $500, 600, 000 This loan
is to be placed through the postoffices
of the country, the sub-treasuries and
government repositories in low rate
bonds, which are to be sold at par
They are to ear per cent. interest and
to be redeemable after five years at the
option of the government and to be due
in twenty years. The principal and in
terest to be payable in coin.
The measure will be presented to the
full committee, probably and 1t will be
brought into the house as soon as the
war resolutions are signed by the presi-
dent