The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-03-01

Following are the changes from the pres
ent law as agreed to by the conferees:
Tobacco-Twenty per cent discount of the
original tax OF IL cents per pound. as
against 70 per cent. reduction as fixed by
the Senate and none as the bill psssed the
House. The rate agreed upon will make
the tax SEQ per one hundred pounds. as
stated In these dispatches yesterday
Cigars-On those weighing more than
three pounds per 1.00o the House rate OF SO
per Loo was retained, as against $3.50 as
fixed by the Senate and $500 as in the pres
ent law. On those weighing less than three
pounds per 900 the Senate rate of Is cents
per pound was allowed 20 stand as against
the rate of 81 per 1000 as fixed by the ex-
listing law which was not disturbed by the
House.
Cigarettes-On those weighing not more
than three pOunos per 900 the Senate
action fixing the rate at Is cents per pound
prevailed. The House did not change the
existing law.
Bcer-The House rate OF $i.60 per barrel
and repeating the 71A per cent. discount was
retained.
Bankers Capital-Present law retained.
the Senate receding from its amendment.
Commercial Brokers' TaX-Repealed in
accordance with original action of both
houses.
Certificates OF Stock Transfers-The rate
OF cents for each 500 Is retained and the
Senate amendment making the law include
the transactions OF bucket shops was ac-
. ceptod by the House conferees.
Sales OF Products at Exchanges-The Sem
ate amendment exempting sales of mcr-
chandise In actual course or transportation
was accepted, but the rate OF one cent for
each 500 fixed by the present law was
retained the Senate amendment making
the rate 81 being disagreed TO.
Bank Checks-Rcpealed I'm accordance
with the House action.
Certificates OF Deposit-Tax repealed.
Promlssory Notes-Tax repealed.
Money Orders-Tax repealed.
Bills OF Exchange (Foreign)-The rate
fixed az cents for each Sl00 I'm accordance
with the Senate amendment.
l. ~ a ~ fxnn ri Pc Ia1
Express Recepts-Repealed.
Telephone Messages-Repealed.
Miscellaneous Bonds-Tax repealed except
upon bonds OF indemnity
Certificates not Otherwise Specited-Re-
pealcd.
Charter Party-Repealed.
nveyances-exempted below $2bOO
above s.. 500 Is cents for each $500 I'm accord
ance with Senate action.
Telegraph Messages-Tax repealed.
1nsurnncc-Tax repealed on all kinds of
Insurance In accordance with the action
of the House. the Senate cCnferees reced-
ing ON all Senate amendments.
IeascS-Tax repealed.
Manifests-Tax repealed.
Mortgages-Tax repealed.
Steamship Passage Tickets-Exempted
below $50 In value and the rate fixed az 90
cents for each $50 I'm cost for that price and
over.
Protest-Tax repealed.
Warehouse Receipts-Tax repealed
Proprietary Medicines-TaX repealed in
accordance with House action, the Senate
amendment being disagreed TO.
Perfumery and COsmetics-Tax repealed.
Chewing Gum--Tax repealed.
Jegacies-Law modified so as 20 exclude
from taxation leEacies OF charity, religious
literary or educational character.
The total reduction or revenues made by
the bill agreed upon will amount to
about sii. 100000. as against reduction of
$s0.ooo.ooo as II passed the House and sf5.-
10000 as amended In the Senate. The pro-
visions of the bill as agreed upon will take
effect on the lst of next July.