New Ulm review., 1900-12-19
The " ays and leans Coommit ittee
Adopts the Measure Making
q 100000, 900 Cut.
SIGNED BY AL REPuBLlcAN MEMBERS.
Excess Of Thnt suRgested BY sec-
retary Gase-Grout OleomarEarineE
Bill PASSES the Ho rs ----sIore Battle
ships Wanted. s 355s a


reducing the war revenue taxes about
$4,000, 900. The report says in part:
War Revenue Still Needed.
While our war, for which these addition
al taxes were levied, is ended. the train OF
extraordinary expenditures has not ter
minated with the close of actual hOStilities.
We find it still necessary to maintain IN
army of 100000 men until law and order is
fully restored in all our possessions We
lind 1t also necessary to provide troops to
man the Notifications which we have been
building the past few years, and alsostO pro-
vide a sufficient force in the navy to man
the vessels we have recently added. The in
creasing navy, too, brings new necessities,
all of which call for greater drain upon
our resources. .E&s j.
According to the report of the secretary
of the treasury, the receipts from all
sources for the fiscal year ended June 80.
1900, were 1868, ,595, ,4s1, while the total ex-
penditures were $500, ,O6S, 81, showing a SUR
plus of $79, ,527, ,O60. He also estimates the
receipts for the fiscal year ending June 80,
1901, upon the basis of existing laws at
$6S7. 1882 and the expenditures at $6O7 773,-
255, which would leave an estimated surplus
OF $50, OOO 900. For the fiscal year ending
June 80, 1902 the secretary of the treas
ury estimates the revenues at SIG, $685. ,042
and the expenditures at $500, ,374 ,S04, leaving
an estimated surplus of only $26 25S, ,2S7. 2@' =
Will Stand Reduction.
''It will be seen that for 1902 there is an
estimated increase in the revenue of $29,-
600 over the previous year. and an in
crease of expenditures of nearly $S3 600, ,O0O
The committee are inclined to take more
conservative view of the amount of ex-
penditures necessary for the year ending
June 80, 1902; at the same time, they are
anxious to avoid any deficiency in the fu-
ture. They deem it safe to make a reduc-
80 xxl.:l ~{o
of the treasury in his report suggests a re-
duction of only $50, ,000 900 in the revenue. =
'In making the reductions in the bill re-
ported, the committee have sought to re-
move the more annoying taxes in the war
revenue act by the entire abolition or those
which were most veXatiOns and by re-
duction of those which seemed to have
proved a great burden upon the several
branches of trade to which they are ap-
piled.
Relief for Brewers.
''On beer war tax of S5 cents barrel
was added to the tax of one dollar barrel
previously imposed. The committee recog-
nize that the manufacturers of beer have
some claim in the general reduction of the
war revenue, and they believe that the
amendment proposed in section l of the
bill making a net reduction Of 25 cents per
barrel gives them all the relief to which
they are entitled in view of the reduction
carried by the bill
On Cigars.
"In the war revenue act the tax upon
cigars, averaging more than three pounds
in weight to the thousand, was made $3.50
This 60 cents per thousand was very oner-
Gus to the manufacturers, especially those
engaged in a small way, and making the
| cheaper grade of cigars. 1t has been i'm
possible to distribute any of this 60 cents in
making price to the consumer, and the
factories have had to bear the entire tax of
over So 900, 900 last year. The committee
have therefore reported an amendment re-
! ducing this tax at the rate of GO cents per
| thousand
Other Changes.
The report then gives the changes In de-
| tail, with estimated amount of reduction,
which has heretofore appeared. 1t contin-
ues:s 1.-THE two-cent stamps on bank
checks, certificates of deposit, drafts, pos
tai money orders, etc., are very annoying
to large class of people, and much COM
plant has been made to the committee,
especially from the smaller towns and from
| farmers. Another source of annoyance has
| been the; tax of one cent on express re-
ceipts and telegraph messages. There is no
doubt but that this taxation has caused
more widespread annoyance and trouble
| than anything else in the act. The com
| mittee therefore have stricken these taxes
| from the law. The tax upon deeds and
COnVeydnCeS mas Deen quite OurQenSOme IN
numerous instances, as well as the tax upon
insurance and leases. The tax upon prom
| issory notes and mortgages has been very
onerous upon the debtor class. 1t has
| seemed to them that it was enough to pay
| interest without paying a tribute to the
government upon every transaction of this
| kind. These are the principal items in
amount that are stricken from the sched-
ule. While the other taxes of like charac-
! ter are small in amount and present an OBJ
| vious reason for their repeal. zs
! 'The committee have repealed all of
schedule b, excepting the tax upon wines.
! This includes the tax upon proprietary
medicines and articles of a similar ma
| ture. There has; been greater protest
Eagainst the enforcement OF this tax than
any other in the whole law. 1t would ap-
/ pear that the tax was much greater in Sc
| verify than congress anticipated when the
| law was enacted. While the per cent. of
| taxation is small upon the retail price of
the article sold.. it has fallen upon the
1 manufacturer to large degree, and has
| been in the aggregate a large percentage of
taxation upon the wholesale price. E.#
| After giving the re ductions in detail, ag-
| gregating $40,0O ,346, the report says: "In
| making the foregoing reductions your com
mittee believe that the bill goes as far as ii
| is safe to go in reducing the revenue. They
| also believe that they have made the reduc-
l4tions so as to do away with the most an
.#noying and vexatious taxes under the act
| and also to relieve such business assis most
] entitled to relief under all the circum.
stances. While regretting that they2can.
| not at this time make asreport finally dis.
! posing Of the war taxes, except such as con.
! gress may deem it wise hereaft fter to keer
Eupon; the statute book, yet they congratu