The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-05-13

and building and loan associations which
make loans only to their members shall be
exempt from tho tax herein provided for
In the section relating to telegraph mes
sages. which in the house bill were ca
emptod, and press messages, is ameGded
as TO include all messages.
Penalty for making, selling or remov-
ing for consumption or sale medicines,
preparations, etc, contrary to the provt-
sions OF schedule without aiiiXipg a stamp
Is increased from a fine of 500 to iiue
of $500 or Imprisonment for six months.
The penalties for all violation Of such rules
are made that strict.
The bill is also 10 amended as 10 pto-
vide for tax on prescriptions.
The commissioner of internal revenue IS
given authority 10 procure stamps from
private persons until January |, 1888, whel
they can be supplied by the bureau OF
printing and engraving.
The changes made IN schedule A relat-
ing to stamp taxes Indicate that the com
mittoe devoted very careful attention 10 1t
and as n consequence almost every line Is
changed.
After the first paragraph of this schcJ'
uls the following is inserted as a proylso:
THAT in cases where the evidence OF
transfer is shown only by the books OF the
company the stamps shall be placed on sueh
hooks: and where the change OF ownership
on tho certificate, and II transfer
by delivery of the certificate snail
be placed on such books, and where the
change of ownership is by transfer by GER
tiGcate II shall be on the certificate, ana
II transfer by delivery of the certificate as
signed In the blanket II shall be made and
delivered by the seller to the buyer by
bill or memorandum OF such sale, to when
the stamp shall be affixed and every bill
or memorandum OF sale before mentioned
shall show the date thereof, the name OF
the sellers. the date Of the sale and the
matter or thing to which II refers
ANY person or persons violating or seek
| ing 10 eyade this provision shall on con-
viction be fined not less than $500 or more
| than $1,000 or he imprisoned not more than
six months or both.
on each sale, contract. agreement or
other evidences of sale OF products or
merchandise at any exchange or board OF
| trade either for present or future delivery
for each 500 In value OF said sale cen.
ma for each additional 500 or fra7tionll
part thereof in excess OF 800 cent
| A proviso is added requiring that stamps
TO the necessary amount be affixed 10 tue
! bill. memorandum or other evidence o.
sale The penalty lis the same as the pro-
| visions for the other violation. Tho ex-
emption of hank checks under $50 in strict
on out, leaving all checks. drafts etc. sub
iact TO the stamp OF cents The rate on
/ domestic bills OF exchange for less than
500 IL reduced to 2 cents and cents ~
added TO this rate for each additional 500.
This provision is made applicable 10 post
office money orders. The rate OF foreign
bills Of exchange is made double the rate
levied on domestic exchange.
| A uniform rate OF ! cent liz reqnirei o1
all hills cf fading. NANTES oes receipts ct ,.
for packages issued by railroad. Steamboat.
express companies etc. tax of ! cent
Is also imposed upon conversations o.er
telephone wires where the charge exceeds
15c.
The rate on indemnifying bonds Is in
creased from 25 to 30 cents The provision
for taxing deeds OF conveyance Is changed
IN make tho rate 50 cents where the c1n-
slderation IL below $500 and adding SOC
for each $500 uniform rate OF | cent
IS made on telegraphic DISPATCHES. the Of
fetal dispatches Of telegraph and railroad
connanies and the government dispat'hes
being the only exemptions. The rate on
ordinary life policies is increased from 20
on the 500 10 10c.
on fire insursnces tho rate Is nc on each
dollar OF the premium, and the zane rate
Is made IN the premiums OF casualty, n
, deity and guarantee comnanic7.
THE tax on mortgages NJ less then $500
| ir amount IL fixed ~ pic and like sum
aSded for each additional 500,
The peragranh REQUIRING tax o, pow
ers of attorney Is so modified as TO ov-
empt those given by ex-soldiers In thu
collection OF pension and other claims
against the government. The REQUIREMENT
for FAY on probate and administrative
proceedings regarding Wills Is a'so el'm-
rated. On general receipts uniform rate
! % rent u made.
Trade marks are included IN tho faysb''
articles in the schedule relating largely Il
druggists nropriets-v articles. There ar
J slight changes In all the rates under Till