The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-06-10
REPORT OF THE CONFERENCE
Including Text of Provisions For
Bonds and Bullion.

Washington, June 9.-The conference
reort on the war revenue bill was submit
ted to the house this afternoon.
The house accepts these senate provis-
ions:
Allowing rebate of IA per cent on the
sale of stamps for fermented liquors, in
stead of per cent, as provided by the
house.
Imposing special taxes. etc, with an
amendment striking out insurance agents
and also making the tax on theatres ap-
ply TO cities exceeding %, 900 only.
The amendment striking out the house
provision imposing a special tax on re-
tail tobacco dealers.
The provision relating to stamp taxes
on life insurance policies but reduced to
cents for each hundred dollars of insur-
ance, to be paid only once, at the incep-
ton the policy; and a corresponding
reduction on weekly payment assurances.
The proprietary medicine and perfum-
cry amendments Of the senate with a re-
Juction of the tax about one-third
The senate amendment providing that
stamps may be affixed on medicinal arti-
Giles held in stock, as when such articles
are sold by the retailers.
The senate amendments imposing an ex-
else tax of one-fourth of l per cent on
corporations refining sugar or petroleum.
measured by their gross receipts exceed
Ing $250.0OO; and also the senate amend
ment Imposing stamp tax of l cent on
the sale of each sleeping and parlor car
ticket sold by the company issuing the
same; also the senate legacy and Inherit
ance tax.
The house recedes from its tonnage tax
provision.
The senate amendment imposing 10
cents a pound on tea. with an amendment
providing that the duty shall take effect
on the passage of the act.
The senate amendment relating To
mixed flour, with substitute embodying
the bill on the same subject as reported
by the committee on ways and means.
The senate recedes from its coinage of
silver seigniorage amendment and a sub
stiute is agreed to. simply authorizing
and directing the coinage of not less than
one and one-half million silver dollars .per
month from the silver bullion held I'm the
treasury; such silver dollars to be an
Piled as provided by the act of july Il
1890
The senate accepts these house provis-
ions:
Racing the increased tax on fermented
liquors stored in warehouses.
The certificate OF Indebtedness and loan
provisions Of the house, with a reduction
OF the amount of bonds authorized 70
four hundred millions.
Inc house accepts the senate rates on
cigars and cigarettes; and the senate ac-
'eplS the house proposition imposing an
ADDITIONAL tax on stocks on hand. but re-
ducIng the tax on such stocks ona-ba,f
ana excepting from its operations stocks
~ot exceeding 1000 pounds of tobacco
,1ld 10000 cigars and cigarettes.
Inc house accepts the senate amend
LLlent imposing a stamp tax on all spec
o'atlve sales on stock and produce ex-
changes.
me senate accepts the house exemn-
ton of receipts from stamp taxes.
Inc senate recedes from its amendment
Imposing stamp taxes on articles sold m
ger trade mark or any name or desiq-
nation not open 10 general use.
BONDS.
The secretary Of the treasury Is au+no-
lzed TO borrow on the credit Of the T-r,.oz
states from time to time as the nroca,,7,
may be required, TO defray exnandi,,,ras
authorized on account Of the existing v-or
'Such proceeds when received n he ,,so.5
only FOR the purpose Of meeting such war
expenditures the sum of $4,000 Ooo or q
inueh thereof es may be necessary ana -
prepare and issue. therefor. coupon NJ -a,-
istered bonds Of the United States in de-
nominations Of $50 or some multiple q, TIA.
sum redeemable in coin at the pleasure
or The United States after ten years from,
'he date OF their issue and payable twenty
years from such date, and bearing inter
est payable quarterly in coin al the rate
al per cent per annum. The bonds are
70 be first offered at par as a popular Ios,
The conference added the following NJ
viso:
Provided further, that anv po-rio, 90
any issue Of said bonds subscribed =.
as above may be disposed of by the sop
fetary or the treasury a. no, less than
par. under such regulations as he may
prescribe, but no commissions SHAH ha
allowed or paid thereon: and q sum no
exceeding one-tenth of l per cern,r, ~
The amount OF the bonds and certificates
herein authorized is hereby apnroprIs-a5
out OF any money IN the treasury M.
otherwise appropriated, 20 pay the expense
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