The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1898-06-10
Conference Report ON the Reve-
nue. Bill Adopted.
Senate Tax on Sugar and Oil
Trusts Accepted.
ALSO THE TAX ON TEA.
Bond Issue of S4OO,OOO,OOO
Agreed To.
Senatess Silver Clause Rendered
of Little Moment.
ALSO THE TAX ON TEA.

finally passed by the house last night,
provides that the act shall take effect
on the day succeeding the date of its
passage except as otherwise specially
provided for. The following is an alb
stract Of the provisions of the bill:
The house accepts these senate pro-
visions: Allowing rebate of IA cents
on the sale Of stamps for fermented
liquors instead of 8 per cent provided
by the house. Imposing special taxes,
with an amendment striking out in
ssurance amendments.
Fl The provision relating to stamp taxes
on life insurance policies, but reduced
to 8 cents for each 800 Of insurance to
be paid at once at the inception of the
policy and corresponding reduction
on weekly payment insurance $3.50
Inc proprietary medicine and per-
fumery amendments of the senate with
a reduction of the tax about one-third.
The senate amendment providing that
stamps may be affixed on medicinal ar
ucIes held in stock, as when articles are
sold by the retailer.
The senate amendments imposing an
excise tax of one-fourth of one per
cent on corporations refining sugar, or
petroleum, measured by their gross re-
ceipts exceeding S250,O0O and also the
senate amendment imposing a stamp
tax Of one cent on the sale of each
sleeping and parlor car ticket sold by
the company issuing the same and also
the senate legacy and Inheritance tax
The house receded from its tonnage
tax provision
The senate amendment imposing
duty of 10 cents per pound on importer
tea, with an amendment providing that
the duty shall take effect on the pass
age of the act.
The senate amendment relating to
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
authorizing and directing the coinage
of not less than one and one-half mil
lions silver dollars per month, from the
silver bullion held in the treasury, such
silver dollars to be applied as provided
by the act of July II, 1890.
The senate accepts these house pro-
visions:
Placing increased tax on fermented
liquors stored in warehouses.
The certificate of Indebtedness and
loan provisions of the house with a re-
ductiOn of the amount of bonds au-
thorized to $4OO. 0OO, 600.
The house accepts the senate rates
on cigars and cigarettes; and the SEN
ate accepts the house proposition i'm
posing an additional tax on stocks on
hand. but reducing the tax such
stocks One-half and excepting from its
operations stocks not exceeding one
thousand pounds of tobacco, twenty
thousand cigars and cigarettes.
The house accepts the senate amend
ment imposing stamp tax on all spec
ulative sales on stock and produce ex-
changes
The senate accepts the house exemp-
ton of receipts from stamp taxes
The senate recedes from its amend
ment imposing stamp taxes on articles
sold under a trade mark or any name
or design. not open to general use.
Section provides that if any person
or persons shall make, sign or issue any
10
without it's being stamped, he shall be
guilty of a misdemeanOr, the penalty
being 500 at the discretion of the court.
Section 8. provides a penalty of a fine
not exceeding 81. 600 or Imprisonment
for term not exceeding five years, or
both. for cOunterfeiting the stamps,
and the penalty is made to apply to all
persons having any connection with
the counterfeiting.
Proprietors of proprietary articles are
given the small privilege of furnishing
their own dies or designs for stamps,
failure TO perform which act is made
misdemeanOr punishable by a fine
of not less than $50 nor more than $500
or by Imprisonment of not to exceed
six months, or both. 1t is also made
a misdemeanor by section 10 to evade
the provisions of the stamp law. punish
able by a fine not exceeding 5000 Other
sections following relate to the admin
istration of the law.
Section y provides for the distribu-
ton of stamps.
Section 10 exempts government. state,
county and municipal bonds from the
operation of the law. and also stocks
and bonds issued by cooperative build
ing and loan associations whose capital
does not exceed $4,000. and building
and loan associations or companies that
make loans only TO their shareholders.
Section IS provides for a stamp tax
on telegraph messages. and eXempts
messages of officers and employees of
the government on official business and
also the messages of telegraph and rail-
way companies over their own lines.
Section 20 makes it a misdemeanor
to evade the plans of schedule 3, rela-
tive to drugs. medicines, perfumery.
etc, punishable by a fine not to exceed
$500 OF imprisonment not to exceed six
months or both
Incorporated medicines or those
having been put up and sold at retail
as prescriptions are not included in the
taxable articles. leaving it to apply
particularly to proprietary articles.
Section "a adds the tax on proprietary
articles to the duty on them requiring
the aff1xing of the internal revenue
stamp before withdrawal for consump-
ton
Indebtedness by any association, COM
pany or corporation, on each 500 of
face value or fraction thereof. cents.
and on each original issue, Wnether on
organization or reorganization or GER
tificates of stock by any such associa-
ton, company or corporation, on each
sAVV OF lace Na1uS OF traction Luereul'
cents, and on all sales, or agreements
to sell. a memorandum of sales, or de-
ltveries or transfers of shares or certif-
1cates OF stock, on each 800 of face val
ne thereof or fraction. = cents; in case
OF sale where the evidence of transfer
IS shown only by the books of the COM
pany the stamp shall be placed upon
such books. and where the change of
ownership is by transference the stamp
snail be placed upon the certificates
and In cases OF an agreement to sell or