Hutchinson gazette., 1898-04-28
REVENUE MEASURE READY
The House Ways and Means Com
mittee Complete a Bill to Raise
Money for War.
THE ARTICLES THAT WILL Be TAXED,

TIL Secretary Authorized to Raise n Loan OF
100000, 900 by Popular SubscriptiOn-
Intense Interest Felt at Washington In
Regard to tbs Character of the Cuban
Resolution That Will he Passed.
WASHINGTON, April l7.-The repub-
lican me-bers of the ways and meant
committee - the house have practical
ly completed >he preparation OF the
revenue measun which will be passes
to raise revenues sufficient to prosecute
the war. The members propose that
the present generation shall bear the
burdens of the war and proceeding
upon that theory they have prepared
bill that will raise between 500, OOO.-
900 to S12O, 900, 900 additional revenue
per annum The bill will pro-
vide for an additional tax OF
81 per barrel upon beer from
which $50, 1000, 900 will be raised On
manufactured tobacco and snuff the
revenue tax will be increased from six
TO II cents. This is expected to raise
Sl5, 900, 900 of revenue. The increase
Or cigars and cigarettes has not been
at. .lutely fixed, but it probably will
be 81 on all classes. From this S., 0O0,-
600 is expected. The proposition
which the senate placed on the tariff
bill. but which went out in con-
ference, to tax all stocks and
transfers of corporations is elAbodied
in the measure, together with practi-
cally all the scheme of internal reve'
nue. taxation Of the act of 1866, whic .
includes a stamp tax on all check.
drafts and all Instruments of business
mortgages, loans and bonds); a tax
on patent and proprietary medi'
cines and a tax on telegraph mes
sages and express packages is
also Incorporated in the bill. This
scheme of taxation is estimated to raise
$50, 1000, 900. The tax on proprietary and
patent medicines will be two eel. is on
packages or bottles retailing at q
cents or under, and four cents on th.. y
retailing above that price. The IT,
on telegraph messages will be one cen:
on all messages which cost % cents or
less and two cents on all above
% cents. A duty of ten cents per
pound is placed on tea and three cents
per pound upon coffee, with a counter
vailing internal revenue tax on stcck
on hand. This latter will he in ;he
form of a tax on the sales of stock on
hand to avoid constitutional inhibi-
tion against a direct tax From tea
and coffee, S2S,OOO, 900 are estimated.
Bottled waters are to bear tax sim
liar to patent medicines
For the pressing needs of the govern
ment the secretary of the treasury Is
given the general pOweral to issue GER
tifcates of indie btedness payable in
one year and to bear not to exceed
three per cent. interest. The secretary
of the treasury is also authorized to boz
row on the credit of the government by
popular subscription loan of $500, 00O,
900 This loan is to be placed through
the post Offices of the country, the sub
treasures and government deposito
ries in low rate bonds which are to be
SOlu dJ pdI' 1hCg dlC W Dpdt thlNS
per cent and to be rtdeemable afte.
five years at the option of the goveri.
ment and To be due in 20 years. The
principal and interest are to be pay
able in coin. The measure will b.
presented to the full committee proba-
bly, Monday and it will be brought
into the house as soon as the war reso
lutions are signed 10y the president.
Intens Inf, r-st in ubtn Resolution.
WAsHINGTON, April l7.-Members OF
the administration are watching with
much interest the progress of events
at the capitol. No one, so far, has any
clear idea of the exact character OF the
resolution which will finally be
adopted and sent to the president
Aside from the interest which natu-
rally would be excited in the out.
come of the debate upon resolu-
tions of such grave Importance
as those now pending before the two
houses of congress, there is additional
interest caused by the fact that there
appears to be a chance. at least, that
the resolution as it comes from the
conference committee may contain
clause recognizing the independence
of the Cuban republic. What action
would be taken by the president in
that event cannot be stated with any
degree of certainty, bat the indica.
tions are that the resolution might be
returned to congress without executive
approval or allowed to become law
without his signature. The right to
recognize the independence Of any
p,,wer, it is contended, under the con-
s'jtution. is clearly an indefeasible
light and the exclusive privilege of
the executive. In the event Of the
resident allowing the resolution to
Iecome a law without his signature,
the opinion is expressed in official cir
eles that the objectional part would |
be imperative, because it is unlawful |
Under the constitution.
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