The times., 1898-05-13
REPORTED To THE SENATE
The War Revenue Bill Ready
for Formal Consideration.
DETAIIS OF THE MEASURE
The Senate Committee Constructs q
Sweeping Measure, which Covers
Everything i'm Sight-The New Re-
publican Bond Scheme, Which
VIII Probably BE Adopted.

Late yesterday afternoon the war reve-
nue. bill was reported to the Senate.
Numerous changes have been made in
the provisions of the House bill. but the
material amendments have been published
/ from day to day in The Times.
The first amendment In the bill fayors
/ the combination of capital throughout the
country engaged in the beer brewing bus
mess by increasing the discount allowed
| upon the sale of stamps from to 71-2
per cent.
/ Special taxes are provided for as fol-
lows: Bankers employing a capital not
exceeding $4,000. $i0O for each license;
when exceeding $4,000. an additional sum
! of 81 for every additional s., 900 of capital
! A bank is held to be every person. firm or
company and every incorporated or other
/ bank having a place of business where
credits opened by the deposit or col
| lection of money subject To be paid upon
draft, check, or order, where money Is
loaned. stocks. bonds or promissory notes,
etc, received for discount or sale. An ex-
ception is made in the case of any saw
1
! whose business is confined to receiving
deposits and loaning or investing the same
| for the benefit of its depositors, and
| which does no other business of banking.
Brokers are taxed $40; pawnbrokers. 50;
| commercial brokers. so; custom house
/ brokers' SO; foreign insurance agents, SoD,
| propriet0rs of theaters, museums, ana
concert halls, Sl09 the tax TO be paid by
! the Jesse unless otherwise stipulated be-
| tween the parties to the lease; proprietors
| of circuses. 800; proprie,ors or agents OF
all other public exhibitions or shows for
! money not enumerated in this section.
SO; proprietors of bowling alleys and bill
| Hard rooms, 50 for each alley or table.
The tax on manufactured tobacco Is
/ fixed at sixteen cents a pound; cigars
| $3.50 a thousand, when weighing more
| than three pounds per thousand and 3
| per thousand If weighing less than three
| pounds; cigarettes, weighing more thar
three pounds per thousand, $3.50. weighing
less. sl59.
The tax on dealers in leaf tobacco has
/ been changed 80 as to make IL Sc ia sales
/ not exceeding 5000: between 5000 and
! $4,000, Sl2 and exceeding Si0,6Ol, $24. This
i exempts small retail dealers in all kinds
| Of tobacco. The tax on manufacturers of
tobacco and manufacturers OF cigars is 5
| for sales not exceeding s.. 0ge; s12 on saies
| between $3.50 and sl0,0e0; above $1,000
| $24. The tax on peddlers of tobacco is
| stricken out.
Penalty for violations.
A general provision. covering adhesive
stamps, provides punishment for violations
Of the law. and makes any instrument not
covered by the stamp required, ineompe-
tent as evidence in any court.
| The new provision for stamp tax
| on all memoranda of sale by bro
kers is particularly stringent Ii
provides for a tax-paid stamp on
| every bin or memorandum and levies
a tax on each sale contract. agree
ment. and other evidence of a sale of any
product ar any exchange, either for pres
| ent or future delivery. of / cent for each
Si0o and a like amount for the fractional
] part of each $780,
The House plan of a graduated tax on
I bills Of exchange Gnland). etc, has been
| changed 10 a straight cent tax on sums
not exceeding $100. and q like amount for
| each additional si0o. On foreign bills OF
/ exchange the rate is fixed at ; cents on
each S1O9
Express and Freight
The provision taxing express and freight
bills of lading. one Of the most important
| in the bill is as follows:
| 1t shall be the duty OF every railroad or
| steamboat company, carrier, express company,
| corporation person whose occupation Is TO act
/ as such, hy rail water, by both rail and
/ water, TO issue to the shipper or consignor. or
1 his agent, person rendering goods Tor trans
portation, a bill OF lading, manifest. receipt.
| or other evidence OF receipt and forwarding
! for each shipment received for carriage and
transportation. whittier in bulk in boXss, bales,
/ packages, bundles, or not 50 inelcsed or In
4 clnded; and there shall be duly attached and
/ Cancelled in this act provided. to each OF
said bills OF lading maniTests, receipts. or other
/ M duplicate thereof, a
stamp of the value of l cent. Any fallurc to
1 issue such hill OF ladng, manifest, receipt or
4 other memorandum shall subject such railroad
! company, carrier, express company. or corpora
ton OF person to a penalty OF $50 for each Of
! fense and no such bili OF iadng, manifest, re-
ceipt. or other memorandum shall be Used In
| evidence unless II shall be duly stamped as
/ aforesaid.
Telephone Messages-It shall also be the duty
under like conditions and penalties, OF every per
/ son, firm or corporation owning or operating
/ any telephone line lines to give receipt feT
4 every message conversation transmitted over
/ the said line or lines from any public pay
4 station thereon. for which charge OF i cents
or more is imposed. TO which receipt shall he
attached adhesive stamp OF the Falne OF
cent.
1t shall also be the duty OF the said person,
/ firm OF corporation to make within the first ff
teen DAYS OF any month a sworn statement to
| the collector of internal in each Of
their respective districts of the number of toll
line or long-distance messages conversations
transmitted during the preceding month over
their respective lines from ether than pubic paw
1 stations. from such stations where mechanical
! devices are used for the reception OF moneys
| and for each Of such messages conversations
| for which charge of Is cents or more Is I'M
| posed the said person, firm corporation
shall pay a tax of / cent: Provided, That only
one stamp or one payment of the tax shall be
required when the lines OF one
| persons. firm O corporation used for the
| transmission of each OF the messages con-
1 rersatio-ss.
The tax on conveyances Is amended so
| as TO exempt all below $780, and to impose
| a tax of 81 cents or each $500 of value con-
veyed.
Insurance Taxes.
In the tax bn Iif+. insurance, in place OF
the House tax Of cents on each S150 of
insurance the Senate makes it 10 cents,
and instead OF | cent on each unit of 5
cents of weekly premium in the industrial
plan, the Senate Ipakes it 6 cents on each
| 500 of insurance Fire insurance compi-
nies are taxed 2 cent on each dollar of
premium. Casualty, fidelity and guaran-
tee insurance companies are taxed 10
cent on each dollar of premium.
| Mortgages for under $1,000 are exempt,
| and above that sl,E are taxed p cents on
each $500 instead OF the heavier siding
scale in the House ;aili.
The tax on ordinary powers of attorney
| is reduced troni s to % cents, but II" lax
4