Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1898-05-05
FOR WAR REVENUE.
Emergency Taxation Measure Is Ap-
proved by the House.

proved by the House.
The war revenue bill passed the House
Friday afternoon at 6 o'clock by a vote
Of Isl to 129. The affirmative vote was
cast by the Republicans and Messrs.
Cummings, briggs and Mcclellan of New
York, Fitzgerald of Massachusetts,, Nc
Aleer of Pennsylvania and Wheeler of
Alabama, Democrats. The negative votes
were cast by the Democrats, Populists
and Silver men and Messrs. Tierney of
North Carolina and Thorpe of Virginia,
Republicans. The point at difference was
the proposed issue of $500.000,000 Of
bonds, with the proceeds Of which to OBJ
tain funds to carry on the war with Spain
as fast, and whenever, it should be nee
essary.
The bill as finally passed contained i'm
portant changes as follows:
Making the increased tax on beer apply
to stocks placed in cold storage pending
the passage of the bill; authorizing the
sale of packages of fine-cut chewing, as
we'll as of smoking, tobacco Of two and
two-thir,1s ounces: reducing the tax on
tobacco dealers from S24 and $4S per
annum to So and $24 respectively; ex-
empting telegraph messages sent under
franks from tax; taxing promlssory
notes secured by mortgage on real estate
70 cents; making all telephone MESA ges
upon which a toll is charged taxable at
from to cents. according to the charge;
taxing life insurance policies issued upon
the industrial or weekly payment plan
cent for each unit of cents of weekly
payment; exempting cooperative assess
ment companies.
A new schedule of taxes on premiums
paid for property insurance, which was
also made to include policies of reinsur-
ance and those issued upon profits and
titles, was inserted-1O cents on all pre-
miums between 500 and $500, and 81
Oh all exceeding $500.
Warehouse receipts given for agricul-
tural products deposited by the actual
grower thereof in the usual course of
business for sale are exempt.
The tax On proprietary medicines, arti-
cles or preparations selling at from 10 to
70 cents, was made one-half cent; the tax
Oh each dollar package of chewing gum.
or part thereof, 5 cents. Mineral waters
We're taxed One-Quarter of q cent pint.
The appropriation out of the tonnage
tax receipt for the marine hospital SER
vice was reduced to $55OOOO, and the
minimum bond to be sold by the Secre-
tary of the Treasury was reduced from
$50 to $25, to bring the bonds within the
reach Of as many people as practice BILE.
Amendments rejected We're offered by
Mr.. Handy of Delaware and others, re-
ducing the amount of bonds authorized to
be sold from 100000, 900; by Mr.. Lewis
of Washington, making the bonds paya-
BILE in standard gold or silver coin-10S
to 1876; by Mr.. Brucker of Michigan, max
ing the bonds payable at the option Of the
Government in either gold or silver at the
present legal ratio of 16 to 1-111 to 1876;
by Mr.. Shafroth of Colorado, making
them payable one-half in silver and one
half in gold; by Mr.. Vincent of Kansas,
making the rate of interest 1 per cent;
by Mr.. Barlow of California, making the
bonds redeemable in lawful money in
stead of coin.
Mr.. McMillin's income tax substitute
for the bond issue was rejected-123 to
143.
The debate was participated in by
Messrs. Dingley, Hopkins, Newlands,
Shafroth, Walker, McMillin, Grosvenor
and Berry