Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-02-01
Buck ct ; hop Provision in Full.
Washington, Feb. i. The senate com

Bucket ShoI,slsrovtsion IN Full.
Washington, Feb. l.. The senate corn
nlittee on finance trrday reported a
numbered amendments 10 the Mar rev
cilue reduction act Tfe following is q
new section:
Stock TRANSACTIONS. Section !. That
from and after The pa ssage Of thus act
very person, assosiation, eos partner
ship or corporation who OF which snall
III his, ITS or their own behalf or as
gent. engage IN the business Of making
OF notifying TO make contracts, agree
lsnents. trades or transactions respecting
the purchase or sale or purchase and
sale OF any grain. provisions, raw or
rrnanufactnred stock. bonds or other
securities wherein both parties thereto
Or such person. association, co partner
Ship or corporation above named CON
template or intend that such contracts,
agreements trades or transactions shall
tic or may be closed, adjusted or settled
according OF Nit reference 10 the public
jiT illkets quotations of prices inaGssoll amy
beard of trade or axehanse upon Which
the commodities or securities referred
to in said contracts. agreements, lradss5
3t,r transactior.s a'ie dealt i'll, and With
cut q bora dtlA transaction on such
loard Of trade or exchange or wherein
these parties on such person, associa
lion. co-partners or corporation above
nained, shall cont nlplate Or intend that
siseh contracts, agreements, trades OF
transactions shall b. or may be deemed
dsSipsed or terminated When the public
,,9s,,,,t f,,,ntaS,tf,ns ff 5,,,i,sfs made IN
s,,esf, l,.,at.,a ef trad.
g, so,,rit3.s Il, st,.sh con.
+ tracts ayree,re,,ts trades of tratls;.,-
fms sf1;1I reach q sc,rsi,jsrat,la t,aar,.s
ana every r,esss,i,s. s3a,s,,fs -na,.t-
4, and i,,1 i, nan or svyhi,.i,
SHAH IN his. ,ts Or tt,sir behalf Or III
;.p.nt conduct VIVA, is commonly known
as a bucket shop shall pay a stamp tax
Isl cent on each 800 value Of tn. tner-
ehanelise covered or I5rs.tsIsiesl to ,t. e.ty-
cred and also "a tax So s. cents on ea "a
i 500 on the face value of All stocks.
4 bonds or Other securities covered OF pre-
Etepaed to be covered by .e.atst 1T and an al
siit.h contracts. agreen,er1ts trades 81
Isfransactions, provided. however. that
1.-The payment Of any tax FUSED nv his
section shail1lot he held ,y,s cons tr,,el 10
Eseyenlpt any st,eh person s,ssot,ia, ION
timers hin OF corporal io, fror,, AMY
i renalty or punishment provided by the
Il laws OF any state for carving ~ s,,sl
a business. dr. the making az s,,af, COM
tracts. agreement. trades or tral1sac
tso,,s5 within s11ch statstsn, "a am. ,,,.I,,.
ner to authorize the commencement a..
8 eor,tin,,anre nj such bI,siness a.. TIE
making of any such contracts agree
Hrnents. trades or administrations cont 'rary
4 10 The. laws If s,ich STATE a., n amy
place prohibited BIZ nlunicipal law nor
i shall the ma yrnent Of any s,,eh FAY h..
sfels TO 4prohil,it any stare from sn,,c,ne,
"a duty or tax on the sa rna trade ar bl,si-
aIsress for state or other purposes. ane,
every such person associsfinr, ca-nar,-
8 nsrsil3p or CORPORATION as affresais, ahall
s ,ay nn,,;,l s1,,.,sisl ~ $50 a,,d snr
leach branch of such. wherever 5.sst,,h-
l,shee. an animal snecial fax in a.s,ition
81 of $50 which said tax shall he naid
4 within thirty DAYS after the IA sss,p.s II
This act by every prison association on.
Y1.rs hin or ce,rr,o,at !, !,
r such sb,,siness and from, s5an nd .fter ~
isYas sape af this act nv every st,cb ,,,.r.
son. association. co-partnerhip or CDR.
81 toration promising tn engage in tis
business aforesaid before commentsins
such business,
Provision is made 8comnel,ing ali ner.
j sons or associations doing business nm.
:. Ger this section to file notice unae,
oath with collector. giving the name,
isof persons or members and officers b
2 the CORPORATION. their residence am
Z place where the business is CARRIED ~
Books must be keut by such firms
showing all transactions subject to a.
spection by collectors. Penalties ar.
provided making it a misdcmeanor Y
] any. Of the provisions OF the act Is mo