The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-06-10
|ROVISIONS OF THE WAR REVENUE BILL
Upon Every Sort of Business Directly ana upon
ntertances and 1t Provides for Bonds

ton on each 800 OF face value or fraction
thereof. 3 cents and on all sales agree
ments 10 sell or deliveries or transfers OF
shares or certificates of stock on each Sioo
of face value or fraction. cents
Upon each sale or agreement TO sell any
products of merchandise at any exchange
or board OF trade or other similar place,
either for present or future delivery Tor
each 500 In value OF such sale or traction
/ cent. and for each additional 500 or frac-
ton or part thereof in excess OF 800,
cent
Bank checks. drafts or certificates oil de-
post drawing interest or order for payment
of any sum of money drawing upon or Is
sued by any bank trust company or any
person or persons, company or corporation,
. cents.
Bills OF exchange, interest. drafts, Ger
tificates OF deposit drawing interest. or or
der for the payment OF any sum OF money
otherwise than sale or on demand, or any
promissory note except bank notes issued
for circulation. or for renewal OF same, for
a sum not exceeding $780, cents; and for
each additional 500 or fractional part
thereof in excess OF 800. cepts.
4 tax OF cent Is imposed for every tele-
phone message for which over 10 cents Is
charged any telegraphic message, / cent.
BONDS.
The secretary OF the treasury is author
lied TO borrow or the credit OF the United
States from time to tine as the proceeds
may be required 10 detray expenditures
authorized on account OF the existing wa,
(such proceeds when received To be used
Cny for the purpose OF meeting sudh war
e&penditures) the sum OF 500 600 900, or 80
much thereof as may be recesEary. aud u
prepare and issue therefor coupon or re2is-
tered bonds OF the United States Of the de-
Ia IT, 49,
sum, redeemable in coin at the pleasure
OF the United States after ten years after
date CT issue. and payable twenty years af-
ter such date. and bearing interest payable
quarterly in coin. at the rate OF per cent
per annum. The bonds are to be first Of
fered at par as popular loan.
Tho conference added the following pro-
viso:
That any portion OF an issue OF said bonds
not subscribed for as above provided may
be disposed Of by the secretary OF the treas
ury at not less than par under such regula-
lions as he may prescribe, but no commits
zion shall be allowed to be paid, and sum
not exceeding one-tenth OF per cent Of tbs
amount OF the bonds and certificates here
matter authorized shall be appropriated TO;
the carrying out OF this item.
COINAGE OF SILVER BULLION
Following Is the provision in regard to th'
coinage OF silver bullion:
The secretary OF the treasury Is author
lied and directed 10 coin into standard sill
yer dollars as rapidly as the public Interests
may require TO an amount however, OF no
less than 81, 900 each month, all Of thu
silver bullion now IN the treasury pur'
chased In accordance with the provision o
the act approved July IA. 1890 entitled "Ar
act prescribing the purchase Of Eiye
bulliop and the issue OF treasury nott'
thereon and for other purposes" and sait
dollars when so coined shall be used an'
! applied In the manner and for the purpofe
40 named in the act There shall be levied
collected and paid upon tfa when importe'
from foreign countries duty OF 10 cent
per pound.