Omaha daily bee., 1898-06-10
AGREE ON THE REVENUE BILL
Conference Committees Report the New
Measure to Congress,
HOUSE ADOPTS IT BY VOTE OF l54 TO iO7
~! II Almost Sure to Become n LAW
as Most OF the Important Sem
ste Amendments Are
Retained.

ste Amendments Are
Retained.
WASHINGTON, June 9.-The war revenue
bill. as agreed upon by the conferees of the
house and senate and which passed the
house today. will no doubt become a law.
The following is a complete abstract of the
bill, giving every item and rate, and con-
talns everything save details of administra-
tive features. Summarized the bill is as
follows.
1t provides that the act shall take effect
on the day succeeding the date of its pas
sage, except as otherwise specially provided
for.
A tax of 50 on all beer, lager beer, ale,
porter ana other similar fermented liquors,
brewed and manufactured and sold, or stored
in warehouse, or removed for consumption
or sale, for every barrel containing not
more than thirty-one gallons, and at a like
or fractional parts of u bar
rel, with a discount of y per cent
on all sales by collectors to brewers of the
stamps provided for the payment of the tax.
An additional proviso was adopted as fol-
lows by the conference: That the addi-
tional tax imposed in this section on all
fermented liquors stored in warehouse, to
which a stamp had been affixed, shall be
assessed and collected in the manner now
provided by law for the collection of taxes
not paid by stamps.
Special taxes from July 1: Bankers en-
ploying a capital not exceeding S25, 900, $50;
employing a capital exceeding $685. 900, for
every additional 81, 900, 50, surplus included
in capital, the amount of such annual tax
to be computed on the basis of capital and
surplus for the preceding fiscal year. Saw
ings banks having no capital stock and
yyhnen hNIgfnnGC iy confined 10 rDnpiNtno ID
posits and loaning or investing the same for
the benefit of their depositors and which do
no other business of banking are not sub
ject to this tax.
Brokers, $50, but any person having paid
the special tax as a bank shall not be re-
CURED TO pay the special tax as a broker;
pawn brokers, $40; commercial brokers', $40;
custom house brokers', $40; proprietors of
theaters, museums and concert halls, in cit
les of more than 81, 900 population, 500. This
does not include halls rented or used oc-
casionally for concerts or theatrical repre-
sensations.
Circuses, 500, Nc special tax paid in one
state is to exempt exhibitions from the tax
In another state, though but one special
tax is to be imposed for exhibitions within
any one state. Proprietors or agents of all
other public exhibitions or shows for money,
not enumerated here, SO. Bowling alleys
and billiard rooms, S. for each alley or ia
BILE.
Tobacco, Cigars and snuT.
In lieu of the tax now imposed by law a
tax of II cents per pound upon all tobacco
and snuh, however prepared, manufactured
ana SOLD or removed for consumption or sale.
Upon cigarettes manufactured or sold or re-
moved for consumption or sale the following
taxes are to be paid by the manufacturer:
$3.50 per 1000 on cigars weighing more than
three poundssper 1000; 81 per 1000 on cigars
weighing not more than three pounds per
1000; $3.50 per 1000 on cigarettes weighing
more than three pounds per 1000 and $3.50
per 1000 ON cigarettes weighing not more
than three pounds per /, 900.
Provided, that In lieu of the two, three and
-FOUR ounce packages of tobacco and .snutf
now authorized by law there may be pack
ages thereof containing one and stwo-thirds
ounces. two and one-half. ounces and three
and one-third ounces. respectively, and in
addition to packages now authorized by law
there may be packages containing one ounce
OF smoking tobacco.
The compromise proviso in regard to the
taxation of the stock on hand is as follows:
There shall be assessed and collected with
the exceptions hereinafter in this section
provided for upon all the articles enumer-
ated in this section which were manufac-
tured, imported and removed from factory
or custom house before the passage of this
act, bearing stamps affixed to such articles
for the payment of the taxes thereon and
cancelled subsequent to April IA, 1898, and
which articles were at the time of the pas
sage of this act held and intended for sale by
any person, a tax equal to one-half the diff
ference between the tax already paid on
such articles at the time of. removal from
the factory or custom house and the tax
levied in this act upon such articles.
Dealers having on hand less than 1000
pounds of manufactured tobacco and $500
cigarettes on the day succeeding the date
Of the passage of the bill are relieved from
the necessity of making returns and thus
are relieved from the necessity of paying
the tax.
For the expenses connected with the as
sessment and collection of the tobacco tax
there is appropriated 800, 900. The com
missioner of internal revenue Is authorized
to employ internal revenue agents in addition
to the number now authorized.
Insurance Policies.
Life lnsurance-On each policy for each
500, 10 cents on the amount insured. Poll
cies on the Industrial or weekly plan, 40 per
cent OF the amount of the first weekly pre-
MUM is charged. Fraternal, beneficiary So
cieties and orders, farmers and purely local
cooperative companies. employees relief as
sociatlonS operated on the lodge system or
local cooperative plan, organized and con-
Quoted solely by the members thereof, for the
exclusive benefit of its members and not for
prOft,' are exempted.
Marine, Inland and Fire lnsuTance-Gach
policy, one-half of ! cent on each dollar.
'o-oPeiallNe anu mutual companies are ex-
empted.
Fidelity and Guarantee lnsurance-Each
policy and each bond for the performance
of the duties of any office or position or
other obligation of the nature of indemnity,
and each contract or obligation guarantee
ing the validity of bonds or other obliga-
lions issued by any state, county, municipal
or other public body, or guaranteeing titles
to real estate or mercantile credits, executed
or guaranteed by any surety company upon
the amount OF premium charged, one-haIf
of ] cent on each dollar.
Lease-Land or tenement, not exceeding
one year, 20 cents; exceeding one year and
not exceeding three years, so cents; exceed
ing three years, 81.
Manifest for custom house entry or
clearance OF cargo for a foreign port, II the
registered tonnage of such ship, vessel or
steamer does not exceed 800 tons. 81; ex-
ceeding 300 tons and not exceeding 900 tons,
81: exceeding 900 tons, S..
Mortgage of real estate or personal prop
erty, exceeding 81 900 and not exceeding
81, 500, 25 cents: and on each $500 in excess
of 81 500, % cents.
Passage ticket from a port in the United
States to a foreign port, IL costing not ex-