Evening journal., 1898-06-10
WAR REVENUE BILL.
Conference Committee Makes
It's Report.
ADOPTED By THE HOUSE LAST NIGHT
senate VIII Act Today-Compromise ON
Coinage aud seignioraee Provisions.
Inheritance Tax Imposed other
Features of the Measure.

WASHINGTON, June 1O.-The con-
ferees on the disagreeing votes of the
two houses Of congress on the war rev.
enue bill reached an agreement yester-
day and the report was adopted by the
house Of representatives last night. II
viii be taken up by the senate today.
The compromise for the coinage Of the
silver bullion and seigniorage in the
treasury provides for coining 81. 500, OOO
per month instead Of $4,000 0O0, as pro-
vided In the senate bill.
The silver is to be coined under the
existing law, and It is estimated that at
the rate provided it Will require about
five years to coin the silver in the treas
ury.
The amount OF bonds was also com
promised. beirAg placed at $500, 900, 900.
The house accepts these senate pro-
visions
Allowing rebate Of 75k per cent on the
sale Of stamps for fermented liquors In
stead Of 5 per cent. as provided by the
house.
Imposing special taxes, etc. with an
amendment striking out insurance
agents and also making the tax as 10
theaters apply only to cities exceeding
$1,000 population.
The amendment striking out the house
provision imposing special tax on re-
tail tobacco dealers.
The provision relating to stamp taxes
on life insurance policies but reduced to
cents for each 800 OF insurance. to be
paid only once, at the inception of the
policy, and corresponding reduction on
weekly payment insurance.
The proprietary medicine and per-
fumery amendments Of the senate with
reduction Of the tax of about one
third.
The senate amendment providing that
stamps may be affixed on medicinal ar
ticles held in stock, as when such arti-
cles are sold by the retailer.
The senate amendments imposing an
excise tax Of one-fourth Of 1 per cent on
corporations refining sugar or petrole-
um, measured by their gross receipts
exceeding $780, 900.
Also the senate amendment imposing
a stamp tax of per cent on the sale Of
each sleeping ana parlor car ticket sold
BY the company issuing the same.
The senate legacy and inheritance tax.
The house recedes from its tonnage
tax provision.
The senate amendments imposing a
duty OF 10 cents a pound on imported
tea, with an amendment providing that
the duty shall take effect on the pas
sage Of the act.
The senate amendment relating u
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 au-
thorizing and directing the coinage OF
not less than 81. 800 900 in silver pei
lsonth from the silver bullion held II
the treasury, such silver dollars to be
applied as provided by tho act OF July
ls 1890.
The senate accepts these house pro
Visions: Placing the increased tax OF
fer1nented liquors stored in warehouses
The certificate OF Indebtedness and loar
provisions OF the house. with a reduc.
tion Of the amount OF bonds authorized
o s4OO. 900, 900.
The house accepts the senate rates or
cigars and cigarettes. and the senate
accepts the house provision imposine
an additional tax on stocks on hand
hut reducing the tax on such stocks
one-half, and excepting from tts opera
lion stocks not exceeding 1000 pounds
Of tobacco, 10000 cigars and cigarettes.
The house accepts the senate amend
inent imposing a stamp tax on all spec
ulative sales on stock and produce ex
changes
The senate accepts the house exemp
tion OF receipts from stamp taxes.
The senate recedes from it's amend
ment imposing stamp taxes on article,
sold under a trade mark or any nam,
Of designation not open to general use