New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-04-17
WAR TAX BILL DRAFTED.
REPUBLICANS AGREE ON MOST OF
IT'S PROVISIONS.
TOTAL OF FROM 500 900 900 TO sico 900 mn TO BE
RAISED FROM BEER TOBACCO. TEA. coFfEh'
BANK STAMPS. PATENT MEDICINES. TEL
EGRApH MESSAGES AND EXPRESS
PACKAGES BOND ISSUES.


PACKAGES BOND ISSUES.
Ivy TELEGRAPH To THE TRIBrNE.l
Washington April 16--The Republican men-
l,ers of the House Committee on ways anu
Means were in conference nearly all day. ana
made so much progress with the draft OF a reVe-
nue. measure that It Is expected to be ready ior
the consideration Of the full committee on Mon
dav together with provisions authorizing the
issue Of Treasury certificates OF Indebtedness
and also Of bonds 10 obtain money to carry on
the war which now seems To he inevitapie' Inv
report Of the WAYS and Means Committee will
be a sharp reminder 10 Congress and the couh-
try that while a war may he provoked or de-
clarcd by mere FONT resolution. the cost or
carrying IT on both in treasure and In BLOOD
must be borne by the people Of the country.
The new war legislation. IT is estimated VIII
Weld 500 600 600 10 S120 OOo 600 year when in
full operation.
The bill will provide for an additional tax or ~
n barrel on beer from which il is believed S'p'-
600 900 IL year will be raised. On manufactured
tobacco and snuff the internal revenue TAX VIII
be increased from six to twelve cents po'hu'
and this is expected 10 raise Slj.ooo.o"" oi
revenue The Increase on cigars and cigarettes
has not been absolutely fixed. but from ms
source SiO00O0O is expected. The proposition
which the Senate placed IN the Dingley lar'i
bill. but which went out III conference I" IAN
ali stocks and transfers 81 corporations. is en-
bodied in the measlIr" together with practically
ali the scheme - internal revenue taxation "l Inv
act Of lSti. which includes q stamp tax on an
checks drafts mortgages. loans and bonds
tax patent and proprietary medicines ana
tax on telegraph messages and express pax
ages is also incorporated in the bill Inc
revenue from these articles Is estimated AZ Sob
0N0m The proprietary and patent
medicines Will he two cents on packages or 30.
ties retailing at - cents under. and fou: cents
or those retailing above that price. The tax on
telegraph messages will b" on" cent on all mes
saCes which cost -, cents or less. ana tW" cents
on all above - cents.
A duty Of ~ cents pound Is To be placed On
tea ana three cents n pound on cofre. Wlth an
internal revenue tax on stocks % tea and core"
on hand. This latter will he In the FORM OF a
tax on the sales Of stock on hand to avoid the
constitutional inhibition against n direct tax.
From tea and coffee SOS .o0n0tN is estimated
Bottled waters are To bear q tax slnlIdr I"
patent medicines.
For the pressing needs Of the Government the
Secretary Of tho Treasury Is 10 have general
power to issue certificates OF Indebtedness pay
able I'm one year to bear not TO exceed - per cent
interest The Secretary Of the Treasury ia also
authorized to borrow on the credit ~ the Gov
eminent by popular subscription SIVto"Ooo
This loan Ia 10 he placed through the postoiiic"s
Of the country. the Sub Treasures and Govern
ment repositories In low-ratc bonds. which are
10 he sold AT par. They are to hear 3 per cent
interest. and to be relcemahlc after five years
AT the option Of the Government. and arc 10 he
come due in twenty years. The principal ana
interest are To he payable In coin.
The measure VIII hc presented 10 tho fuil
committee probably IN Monday. and II viii he
brought into tho House as soon ms tho war reso-
lutions are signed by the President.