The San Francisco call., 1898-05-13
TAXES FOR TIE
 WAR REVENUE Finance Committee Re- ports the Bill to the
 Senate. All House Provisions for Bonds and Certificates Are
 Stricken Out.
Special Dispatch to The Call.
Call Office, Riggs House,

Call O1nce, hlSSS 1ouSe,
 Washington, May 12.
 The Senate Committee on Finance to-day finished it's consideration or the war revenue bill, after two weeks sitting, and Senator Allison reported It to the Senate at o'clock. The Dill shows that all the provisions in the House bill for the issuance of bonds and certificates of indebtedness were stricken out, and Allison, in reporting the measure made minority report giving authority for the bond issue.
 The amendment inserted at the in- stance of the Democrats for the issu- ance of greenbacks is as follows:
 That the Secretary of the Treasury Is hereby authorized and directed, TOT lne purpose of meeting and defraylng the eX. penditureS made necessary py redSoH oi the existing war against Spain, 10 PIes pare and issue on the credit or the Ohlteo States of America, from tlme 10 liiHe, as the same may be needed, during the next fiscal year United States legal tender notes to the amount of $50 0OO,U0O, Whlcn notes shall be Of like denonlnaliolis Sai anu of the same legal tender quality and snail be payable and redeemaDle ana re-lssu- able in the same manner as the SS4o ooVo,VoV of such notes now outstanding dS ue- scribed and mentioned in the act or Con gress of May l. 1878, said notes when frst issued to be expended only upon the war account aforesaid. and said notes shal be exempt from taxation Dy or unuer State or municipal authority
 The provision for the coinage of the silver seigniorage is as follows:
 That the Secretary of the Treasury shall immediately cause to be coined as fast and soon as possible into stanoaLo silver dollars, which shall De or uke der quality as those provided for under existing law, the silver bullion now held in the Treasury being the amount or the gain or seigniorage derived from the pur- chases of silver bullion by the Treasury under the act of July IA, lSSO. amounting to the sum of s42, 900 900; said moneys so coined to be imemidately available Tor payment of expenditures on account or the present war with Spain. The Secre- tary of the Treasury is hereby further au- thorized to immediately issue. m aoVance said silver certificates of similar design and denominations and of the same quan- tity, payable and redeemabie m hke man, nan, sums as may be from time to time need ed for public expenditures, not exceeding in the total amount of sald seignlorage so held in the Treasury.
 The provision inserted at the in stance of the Democratic members of the committee. and which has been known as the corporation tax, is much broader in it's scope than this descrip- ton would lead one to believe. The first paragraph of this provision is as follows:
 Every person, firm. company or cor poration. owning or possessing, or nay ing the care or management of any rail- road street railroad, sleeping car, canal, steamboat, ship, barge, canalboat or other vessel, stage coach or any other vehicle, except hacks or carriages not running on continuous routes, engaged or employed in the business of transporting passengers or freight for hire, or in transporting the mails of the United States, shall be sub feet and pay special annual excise tax equivalent to one-fourth of one per cent unn of the gross receipts from passengers, mails, shippers or freighters or any such railroad, street railway, sleeping car, canal steamboat, ship, barge, canalboat, or other vessel, or such stage coach, or other vehicle provided that the assess ment hereby made shall not include any amount for the receipts of the trans portation of persons, freight or mails be- tween the United states ana any foreign the transportation of persons. freight or mails from a port within the United ate nort within thio ghe united States & and sRai h be assessed upon and collected from per- sons. firms, companies or corporations within the United States receiving hire or pay for such transportation of persons, freight or mails.
 A like tax Of one-fourth of 1 per cent of the gross receipts is imposed on "any person, firm, company or corpor- ation carrying on or doing an express business; also on any person, etc, owning or having the care or manage ment of any telegraphic or telephone line; also on life, fire, marine or acci- dent insurance companies for the se- curity and assurance of employers against losses by employees, all of which are to pay on the basis of premiums and assessments collected and the du- ties accruing, like taxes to be paid by foreign companies doing business in the United States; also on persons, etc, furnishing gas or electric light, electric power, steam heat, steamboat steam power, refining sugar or petro- leum.
 The act is made to take effect on the day next preceding it's passage.
 The Republicans decided to make a minority report recommending the re- tention of the bond feature and also the provision for the time certificates, but reducing the amount of the bonds to $500, 100000. and changing the lan- OTTO ~, i,, r<,th r,rOuicfons