The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-06-02
4 BLOW At THE TRUSTS
Continued from Page Two.)

issue any bond or interest bearing obli-
&ation unless specifically authorized TO
do so by congress-"
The pending question was upon the
amendment of Mr.. German, levying a
gross receipt tax on corporations, but
Mr.. German withdrew the amendment
temporarily. saying hat he desired to
OFFER ii later i'm such form as would in
sure a direct vote upon his PROPOSE
ton.
Consideration of the committee
amendments to the bill was then re-
sumed. The special taxes We're made
To take effect ION and after July l.,
1895" The paragraph relating to a tax
on bankers was so changed as to re-
duce the tax from $50 to s25 on banks
employing a capital not exceeding s25,-
900: when using or employing capital
exceeding S25. 900. for every additional
thousand dollars in excess of s25, 900.
81, and I'm estimating capital. tax shall
be computed on the basis of capital n
surplus of the preceding fiscal year.
The paragraph relating to the tax on
insurance agents was made to read:
Insurance agents shall pay S12. Every
person, firm or corporation having an
Office or place OF business and acting as
agent, etc, shall be regarded as ar in
surance agent"
The tobacco taxes were modified as
heretofore to a V been
agreed pon by the committee and sew
eral other minor amendments to his
scedule were agreed to. The provision
requiring a stamp to be placed on cer-
tain medicines was amended so as to
exempt receipts or prescriptions writ
ten by practicing physicians M sur
geons. ''cr which may be put up or
compounded by a druggist or pharma-
cist."
The tax on money orders was re-
tricted to original domestic money or
ders issued by the government. MIR.
German then offered his amendment
taxing corporations upon their gross
receipts as a substitute for the commit
tee amendment levying a tax upon ex-
press and freight packages upon
all telephone messages upon which toll
is paid. As finally proposed. Mr.. Cor
mans amendment provided that the
tax upon the gross receipts OF corpor-
atoms doing business exceeding $780,
900 a year should be u of per cent.
Mr.. Pettigrew. pop. :. D.. sharply
attacked the amendment, holding
that the exemption OF $3.50. coo ought not
e he made. The amendment was de-
feated. % to "a. as follows;
Yeas-Bacon. Bate. Berry, Butler.
Cannon. Cockrell. Daniel, Faulkner,
German, Gray. Harris, Jones of Ark
ansas. Kyle. McLaurirr Mallory. Mar
tin. Murphy. Nelson, Pascoe, Perkins.
Roach. Stewart. sullivan. Tillman. Tur-
ley, Turpin and White-21.
Nays-Aldrich, Allison. Baker. Bur-
rows. Caffery, Carter. Chandler, Clark,
Cullom. Davis. Deboe. Fairbanks. For
aker. Frye. Gallinger. Gear. Hale. Han
ma. Hansbrough. Hawley, Lindsay.
McEnerny. Mcmillan. Mantle, Mitchell,
P~cttigrcw. Plat OF Connecticut. Priich-
ards, Proctor. Sewell. Shoup. spooner,
Wctmorc. Wolcott-3i.
Mr.. Pettigrew then offered the orisl-
nat German amendment with the
100000 exemption out. as an additioAal
section OF the hill. It was ameaa"i -
as TO reduce the tax from one-1af 10
one-fourth OF one per cent. Ii was de-
fested. % Ia 81.
Mi. White. dem. Cal. offered as a
substitute for the m amend
merit levsing n tax upon corporations
the German amendment with all cor
porations eliminated except those EN-
gagged in the refining of sugar and pc
troleum. the amount of the tax being
o~ne-quarter of one per cent. MIR. White
expressed his desire to lay a tax upon
the Standard OIL company and the
sugar trust.