The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1898-06-10
Bond Issue Reduced TO -Four Hundred
Million Dollars.
A Substitute Agreed TO for Silver Seignlur-
age Amendment to Simply Authorize
and Direct Coinage Of Silver at
a Certain Rate Per Month.

N<aoI1IA~b oNy June S.-Ine war
revenue bill as agreed upon by the
conferrees of the House and Senate
will no doubt become a law. The bill
provides that the Act shall take effect
on the day succeeding the date of it's
passage except as otherwise specially
provided for.
The conference report on the bill as
submitted to the House this afternoon
was as follows:
The House accepts these Senate pro-
visions:
Allowing rebate of 10 cents on the
sale of fermented liquors instead of )
cents as provided by the House. I'm
posing special taxes, etc, with an
amendment striking out insurance
agents and also making the tax as to
| theaters apply to cities exceeding D.
GOO population only. The amendment
striking out House provision imposing
special tax on retail tobacco dealers.
The provisions relating to the stamp
taxes on life insurance policies, but re-
duced to cents for each hundred dol
lars of insurance to be paid only once
at the issuance of the policy; and a COR
responding reduction on weekly pay
ment insurance.
The proprietary medicine and per-
fumery amendments of the Senate.
with a reduction of the tax of about
one-third. The Senate amendment
providing that stamps may be affixed
on medicinal articles held in stock as
when such articles are sold by the re-
taller.
The Senate amendments imposing an
excise tax of one-fourth of one per
cent. on corporations refining sugar or
petroleum, measured by their gross
receipts exceeding $25O,OOO and also
the Senate amendment imposing a
stamp tax of one cent on the sale Of
each sleeping and parlor car ticket sold
by the company issuing the same and
also the Senate legacy and Inheritance
tax.
The House recedes from it's tonnage
tax provision.
The Senate amendment imposing
duty of 10 cents per pound on imported
tea with an amendment providing that
the duty shall take effect on the pass
age Of the Act.
The Senate amendment relating to
mixed flour with a substitute embody-
ing the bill on the same subject as re-
ported by the Committee on Ways and
Means.
The Senate recedes from its coinage
of the silver seigniorage amendment,
and a substitute is agreed to simply
authorizing and directing the coinage
of not less than 100000 silver dollars
per month from the silver bullion as
provided by the Act of July IA, 1890.
The Senate accepts these House pro-
Visions:
Placing the increased tax on fer
mented liquors stored in warehouses.
The certificate of Indebtedness and
loan provisions of the House, with a
reduction of the amount of bonds au-
thorized TO 500 100000.
The House accepts the Senate rates
on cigars and cigarettes, and the Sem
ate accepts the House proposition inn
posing an additional tax on stocks on
hand, but reducing the tax on such
stocks one-half and excepting from it's
operations stocks not exceeding 1000
pounds of tobacco, 10000 cigars and
cigarettes.
The House accepts the Senate amend
ment imposing a stamp tax on all spec
ulative sales on stock and produce ex-
changes.
The Senate accepts the House exernp-
ton of receipts from stamp taxes.
The Senate recedes from its amend
ment imposing stamp taxes on articles
sold under trade mark or any name
or designation not open to general use.
The following is an abstract of the pro-
visions of the bill:
A tax of 50 on all beer, ale, porter
and other similar fermented liquors, for
every barrel containing not more than
81 gallons, and a like rate for any
other quantity or fractional part of a
BARREL
SPECIAL TAXES FROM JULY 1ST.
1.-Bankers employing capital not
exceeding $4,000. $50; employing .
rConfinued on Seventh Pagel