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To Mr. Wheeler, who interrunted him
to inquire TO whom the credit for the in
auguration- of the new navy was due.
Mr.. Cannon replied rather impatientlv
that the country at large did not care
three hurrahs in a hot place" to whom
the credit belonged. He was interested
i'll results. daughter and applause.)
Mr.. Cannon said he did not think con-
gTess had appropriated too much for the
navy, but he did not think the United
States needed the largest navy in the
world. We would not be called upon to
fight England Her American posse ssions
along our northern border Constituted
! pond of peace. But we needed a strong
navy. We have the Philippines and we
are going to keep them. We could not
get rid of them If we desired to. But we
did not want a larger navy than was
needed and after the ships now author
lzed and to be authorized by this bill
mad been completed, he thought the time
to stop would have arrived
With M53,060,909 of appropriations, in
Guiding provision for the sinking fund,
now III slght Tor the coming fiscal year."
sSlld ne, in conclusion, land as we are to
reduce taxation, we should inquire dill
gently into all these matters and not go
beyond that which is necessary for the
protection, glory and honor of the coun-
try" (Applause.)
Mr. ross, chairman of the naval COM
mittee, defended the act Of tie com.
nlttee. The naval construction bureau
had estimated for the authorization OF
thlrty-two ships and the secretary Of
the navy eleven. He admitted the
action of the committee in Recommending.
the authorization of four vessels wa
both moderate and just
After completing the bill with the ex-
cept1on of single paragraph, the house
at $3.50 p. m. adjourned
REDUCTION OF $4,000. 900.
Senator Aldrich, CHAPMAN of the SEN
ate committee on finances, today report
ed the war revenue reduction bill back
to the senate. The committee reports a
complete substitute for the bill as it pass
ed the house. Senator Aldrlch made a
statement explaining the changes, which
are as follows:
Stamp taxes repealed: Promlssory
notes, mortgages, bills OF lading for ex-
port, power of attorney, protest charter
party, certificates of all kinds leases.
warehouse receipts, teIegraphic dispatch
es, telephoniC messages, passage tickets.
costing less than $50; express receipts.
iirelght receipts, bonds, except bonds Of
INGENUITY; legac1eSi to religious, Charit-
able, literary or educational Institutions
brokers.
Taxes reduced: Conyeyanccs. insur-
c-hes' cigars, tobacco and beer.
The statement says that having al
ways in view the revenue requirements
OF the government, the purpose Of the
committee has been to repeal such of the
taxes imposed by the war revenue act
OIL 1898 as are most annoying and bur
oensome to taxpayers, to retain such as
would be kept as a permanent part OF
our revenue system, or, at least, retained
until all war taxes can be repealed, and
10 reduce others as fairy and eQuitably
as possible by some general plan OF reduc-
tiCn.
Taking the statement Of the treasury
as a basis the Reduction of revenue CT
1ected by the bill will pc nearly $4OOOO,-
OeU reduction somewhat less tnan was
produced by the bill as it passed the
house of representatives.
The committees substitute provisions
in regard to cigars, tobacco, beer, ETC..
are as follows:
That on and afteft July l. 1901, there
shall be allowed a discount of % per
Centum on all sales by collectors to, brew
ers and manufacturers of tobacco and
snuff upon the stamps provided fOr the
payment of internal revenue tax and
upon beer and manufactured tobacco and
snuff. Provided, that the discount al
lowed to brewers upon beer stamps shall
be in lieu of discount of TX per centum
allowed by the act of June 10, 1888.
The effect is to reduce the beer tax
to $3.50 per barrel and on snuff 8 cents
pound.
There is general reduction of the tax
on insurance policies and renewals.
The rate on conveyances, including
deeds to land, is materially reduced.
The tax on bankers is fixed at the rate
of 81 on each LOCO of capital and surplus
used by them
on
ing to proprietary articles, including
drugs, perfumeries, etc, is practically
rewritten
Most OF the articles upon which the
existing tax is repealed were included in
the house list, the difference being that
the senate committees list is not so long
or numerous as that of the house. Among
the taxes the house removed entirely, but
upon which the senate committee did not
act, and which therefore remain, are the
following: Custom house brokers, prop
rietors of theaters, circuses and other
places of amusement bank checks
drafts or bills of exchange, both inland
and foreign money orders, brokers' con-
tracts and manifests for custom house
entry. All these taxes are left as in the
existing law.
THE NEW ARMY BILL.
Chairman Hull, of the house military
affairs committee, thus sums up the es-
sential points of the army reorganiza ton
bill upon which an agreement was reach
ed yesterday by the conferees of the
two houses:
The artillery organization is adopted,
with chief OF artillery, who will serva
on the staff of the general commanding
the army the battery becomes the unit
of artillery organization. The strength
of the staff corps is left as the two
houses provided, except the quarternas-
Continued on Third Page.