Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1898-06-02
THE WAR REVENUE BILL.

The German amendment to the wa
revenue bill, imposing a tax on the re
ceipts of corporations in excess of $3.50.
900, was defeated in the Senate yester
day evening by vote % to "a.
Mr.. Pettigrew then offered the origi
nal German amendment. with the
| $3.50, 900 exemption stricken out, as an
additional section of the bill. 1t wa:
amended so as to reduce the tax from
| one-half to one-fourth of one per cent
1t was defeated-25 to 81.
Mr.. White democrat, of California
offered as q substitute for the commit
tee amendment levying a tax on cor
porations, the German amendment
with all corporations eliminated, except
those engaged in the refining of sugar
and petroleum, the amount of the tax
being one.quarter of one per cent. Mr.
White expressed his desire to lay tax
upon the Standard Oil Company and
the sugar trust. The amendment was
agreed to-33 to 26.
When consideration of the committee
amendments to the bill was resumed
the proviso allowing discount OF u
per cent. on sale OF beer stamps was
modified by inserting the words "by
collectors to brewers" The special
taxes were made to take effect ION and
after July 1, 1885,"
The paragraph relating to tax on
bankers was so changed rs to reduce
the tax from $50 to $25 on banks en-
ploying capital not exceeding S25, 900;
when using or employing capital ex
ceeding 5000, for every additional
thousand dollars in excess of $25 900 81,
and in estimating capital surplus shall
be included. The amount of such cap
ital tag shall be computed on the basis
of capital and surplus of the preceding
fiscal year."
The paragraph relating to the tax on
insurance agents was amended to read
as follows:
"Insurance agents shall pay S12.
Every person, firm or corporation hav
ing an Office or place of business and
acting as agent, etc, shall pc regarded
as an insurance agent"
The tobacco taxes were modified, as
heretofore announced TO have been
agreed upon by the committee. The
proviso OF the paragraph levying taxes
on tobacco was changed so as to read:
"That in addition to the quantity of
tobacco and snuff in packages now au-
thorized by law, there may be- pack
ages thereof containing II ounces and
81 ounces"
For the paragraph placing a tax
upon dealers 10 leaf tobacco the com.
mittee offered this substitute:
!"Dsalers in leaf tobacco, whose an
nual sales shall not exceed $4,000
hounds, shall each pay s.; where the
annual sales exceed so 900 pounds and
and do not exceed 100000, S12; over
100, 900 pounds, $24." The substitute
was adopted.
In the remaining paragraphs relating
to the tobacco tax, the tax was
levied upon the number of pounds
handled, instead of upon the ag-
cresate price of the tobacco, aud
1pon the number of cigars manufac-
tured instead OF on the cost Of the cigars.
The change was made, 1t was explain
ed in order to facilitate the work OF
collection of the tax.
Section Il OF the bill providing for
the cancellation of stamps WIS elimi.
mated. The provision requiring q stamp
e be placed or certain medicines was
amended so es to exempt recipes or
prescriptions written by practicing ply
sicians and surgeons, Cor which may be
put up OF compounded by druggist or
pharmacist.
The tax on money orders was re-
stricted to original domestic money or
ders issued by the government,