Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-06-10
until paid and it is required that the tax
snail be satisfied before the legatee is paid.
Bonds and Certificates of Indebted

The Secretary of the Treasury is author
| lied to borrow from time to time, at a
rate of interest not exceeding 3 per cent,
| such sums as, in his judgement, may be
| necessary to meet public expenditures, and
to issue certificates of Indebtedness in de-
| nominations of $50 or some multiple of
that sum, each certificate Is made payable
at such time. not exceeding one year from
the date of its issue, as the Secretary of
the Treasury may prescribe: Provided that
the amount of such certificates outstand-
ing shall at no time exceed s100.Go0Goo.
BondS.-The Secretary of the Treasury is
authorized to borrow on the credit of the
United States from time TO time, the
proceeds may be required to defray eXpen-
ditures authorized on account Of the exist
ing war (suCh proceeds when received to
be used only for the purpose of meeting
such war expenditures the sum of $780,
100000, or so much thereof as may be
necessary, and to prepare and issue there
for coupon or registered bonds of the United
States in denomina tons of $40 some
multiple of that sum. redeemable in coin
at the pleasure of the United States, after
ten years from the date of their issue, and
payable twenty years from such date, AMI
bearing interest payable quarterly, in coin
at the rate of 3 per cent per annum The
bonds are to be first offered at par, as a
popular loan.
The conference added the following pro-
viso. That any portion of any issue of
said bonds not subscribed for as above pro-
vided may be disposed of by the Secretary
of the Treasury at not less than par under
such regulations he may prescribe, but
no commissions shall be allowed or paid
thereon; and a sum not exceeding one-tenth
OF one per cent of the amount OF the bonds
and certificates herein authorized is here
by appropriated out of any money in the
treasury not otherwise appropriated to paw
the expense of preparing, advertising and
issuing the same
Coinage of Silver Bullion.
Following is the provision in regard to
the coinage of silver bullion: The Secre-
tary of the Treasury is authorized and di-
rected to coin into standard silver dollars
as rapidly as the public interests may re-
quire to an amount however. of not less
than one and one-half millions of dollars
in each month, all of the silver bullion now
in the treasury purchased in accordance
with the provisions of the act approved
July IA, 1890, entitled An act directing the
purchase of silver bullion and the issue of
treasury notes thereon and for other pur-
poses and said dollars. when coined,
shall be used and applied in the manner
ana Tor the purposes named IN said act
Mixed Flour.
A substitute was adopted for the Senate
provision for a tax on mixed flour but the
material points were retained. The sub
stitute requires that persons engaged in
making, packing or repacking mixed flour
shall pay special tax at the rate of $l2
per annum, and the license granted is to
be posted in accordance with the provis-
ions of sections 1912 and 1899 of the Re
vised Statutes, the fines and penalties to
be the same as imposed in those sec
tons. They are required to mark each
package as mixed -four. and it is to be put
up only In original packages In addition
to the annual license tax of four cents
Fer barrel is levied upon all mixed flour
manufactured, sold removed for sale
Inc same rate proportionately is levied on
half barrels and smaller packages.
Tea.
There shall be levied. collected and paid
upon tea when imported from foreign coun-
tries duty Of ten cents per pound
The changes regarding tea make the duty
operative with the act instead Of July 1, as
It passed the Senate