New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-05-13
lions which mako looms only to their members
shall be exempt from the tax herein provided.

/ messages.
empted free and press messages Is AMENDED 50
az to include these by making the provision
apply 10 all messages
Tho penaltv for making. selling or removing
for consunption or sale drugs. medicines. prep
arations etc contrary to the provisions OK
Schedule & without affixing e stamp is Increased
from a fine of 500 10 a fine Of 5000 or imprison-
rnent for six months. The penalties for all VIOLA
,ions Of SEIZED Ile B are made much pore strict
The bill is also so amended as TO provide lor
tax on prescriptions
The Commissioner Of Internal Revenue 10
authorized to procure stamps from private per-
sons until January. 1899. when they cannot be
supplied by the Bureau Of Engraving and Print
ing o urs
The changes made in Schedule A, relating to
stamp taxes indicate that the committee de-
voted very careful attention to 1t, and as
consequence almost every line ts changed AFTER
the first paragraph Of this schedule the foHo"-
ing is Inserted proviso
That in case Of sale whore the evidence OF trans
fer IS shown only by the books OF tne @ yhere
The change Of ownership Is by transfer cerilhcntc
ths TapseT is , by d b5 Se OF d6 ae
certificate assigned in blank there snaII n' iI'
and delivered by the seller 70 the buyer OH OF
memorandum Of such sale. TO which the stamp Snill
be affixed and every oil or netordo',h h y, rho
name Of he seller. the amount Of the sale and
tbn matter or hing 10 which it refers.
Any person persons violating or seeking 10
evade this provision shall on CONVICTION be hned
not less than 500 nor more than slo' or ne In
prisoned not more than six months. or BON ~,
Iron each sac contract agtse n pr A.
any exchange board of trade. either for present
S sre lu onr cen and for each additional 500 or
tional part thereof in excess Of 500. one cent
provlso is added requiring stamps to the
necessary amount to be affixed to the bill. mem
orandum or other evidence Of sale. The penalty
is the the previous proviso.
The House exemption OF bank checks under
$50 is stricken out. leaving all checks, drafts.
etc. subject 10 the stamp OF two cents. The
rate on domestic bills Of exchange of less than
500 is reduced 10 two cents. and two cents Is
added To this rate for each additional 800
This provision is made applicable to postofiice
money orders The rate on foreign bills Of ex-
change IL made double the rate levied on domes-
tic exchange. 4 uniform rate Of one cent is
required on all bills OF lading. manifests. re-
ceipts etc. for packages issued by railroad
steamboat. express companies, etc. tax OF
one cent is also imposed upon conversation over
telephone lines where the charge exceeds II
cents.
The rate on indemnifying bonds is increased
from - 10 80 cents. The proviso for taxing
deeds OF conversion is changed SO as to make the
$500 and adding 20 cents for each additional
$500
\ uniform rate Of one cent Is made tele
graphic dispatches the official dispatches Of
telegraph and railroad companies and official
Government dispatches being the only excep-
Of INSURANCE ToLICIEs
The rate on ordinary nfe insurance policies
is increased from = cents on the 500 10 10
cents on fire insurance companies the rate Is
hal Of on OF
premium. and tho same rate "a made on the
premiums f casualty. fidelity and guarantee
! companies Tho tax on mortgages - less than
81 40 I'm amount IS fixed AZ - cents and a
Ike sum added for each additional 5000
The paragraph requiring tax on powers OF
/ attorney BE- 80 modified as To exempt those given
/ bv ex-solo.-rs In the collection Of pension and
other claims against the Government Inc re-
| quircineut for n tax probate and admins
iratiye Proceedings regarding wills is also elimi.
mated on general receipts UNIFORM rate OF
ono cent IS made
Trademarks are Included IN the taxable arti-
cies in schedule y relating largely - druggists
/ uroprlctary articles. There are slight changes
in an the rates under this schedule Mineral
waters are entirely exempted from the opera
tious of tho act. as are all wines except those
/ bottled and on these the House rate Is reduced
one half being one Ceat On pint bottles and two
cents on quart bottles. Special provision is made
/ that on all the articles In this schedule II shal
only hc necessary to INK the stamp when they
are sold \ drawback equal to the internal
rcNruu" tax is 10 hc allowed on articles oi Nls
class which are exported.
The tax on legacics does not require payment
where the Request is loss than 10000 on ega-
cics between - 600 and $2JOO0 the rate OF tax
alton is scheduled. in accordance with the prox.
/ unity ~ relationship between the testator and
the heirs from - cents 10 81 on each 500. with
a provlso that legacies passing by VIII or by law
| to the husband or wife OF the person died pos
sessed shall be exempt from tax. 1900,
/ In cases where the Legacy Is more than $4,000
and less than $4,000 the above tax Is multi
/ plied by one and a half. between 100000 and
$500 600 multiplied by two. between So~ooo
and $4,000" mGltpedd by two ana hat Ian. ana
/ The act IS made TO take effect on the day
next preceding its passage.
THE MINORITY REPORT.
The Republicans decided 10 make minority
! report recommending the retention 81 the bond
/ feature. and also the provision for time certih-
Gates but reducing the amount Of the bonds
and changing the language OF both provisions.
| As offered they are as follows
That the Secretary Of the Treasury Is authorized
to borrow from time to time. a rate 81 interest
/ not exceeding per cent per annnm' such sum or
sums a. IN his Judgment may be necessary TO
| certificates Of indebtedness in such form he may
/ iirIe Of that sum. and each certificate so issued
shall be payable. with the interest accrued there
date Of It's issue az the Secretary Of the Treasury
may prescribe.
! 1t Is provided that the certificates OF indebt
edncss shall first be offered at popular subscrip
/ ton. that the amount OF such certificates out
standing shall not exceed Sl0O00oOoO and that
at least nifty millions Of certificates shall be
/ issued before bonds shall be issued
! The bond section authorizes the Secretary Of
the Treasury to borrow $500 900 900. or so much
thereof he may deem necessary 10 meet the
expenses Of the war and issue therefor coupon
| or registered bonds at not less than par, in
/ denominations OF SO or some multiple OF that
sum. redecmable In coin at any time after ten
years and payable in twenty years. and bearing
/ interest at > per cent. The bonds are not tax
able The bonds shall be offered as Il popular
] mi he