Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1901-03-06
WAR TAX REDUCED.
House and Senate conforees- Agree Upor
Compromise.


The conferees of the Senate and House
upon the war revenue reduction bill, on
Thursday, announced the result of their
deliberations on that measure. The
report shows compromise all along tho
line, making changes in the present law
as follows:
Tobacco 20 per cont discount of the
original tax Of IL cents per pound as
against 25 per cont reduction as fixed
by the Senate and mono as tho bill passed
tho House. The rate agreed upon will
make the tax 5000 per 100 pounds, as
stated in tho dispatches of Wednesday.
Cigars-On those weighing more than
three pounds per thousand the House
rate of 50 per 1000 was retained, as
against $3.50 as fixed by tho Senate and
80. 90 as in tho present law.
On those weighing less than three
pounds per thousand, tho Senate rate of
18 cents per pound was allowed to stand
as against 81 por 1000 as flxed by tho
existing law, which was not disturbed
by tho House.
Clgarottes-On these weighing not
moro than pounds per 1,O0O the Senate
action fixing tho ratio at lS conts per
pound prevailed. Tho House did not
change tho existing 'aw.
Beer--The House rate Of $1.0O per
barrel and repeating the u discount was
retained.
Bankers capital-Present law ro-
ta'ned, the Senate rccoding from its
amendment.
Tho stock brokers tax repealed by the
original action of both Houses.
Certificates of deposit transferred
Rate of conts for each 500 is retained
and the Senate amendment making tho
law include the transactions of bucket
shops was accepted by tho House con-
ferees.
Bank chtcks-Rol called in accordance
with the House action.
Certificates of dcposit-Tax repealed.
Promissory notes-Tax repealed.
Money orders-rax repealed.
Bills of exchangc-Tho ratio fixed at
cents for each 500 in accordance with
the Senate amendment.
Bills of lading for oxport-Rcpcaled
Telephone mcssagos-Repealcd.
Miscellaneous bonds-Tax repealed,
except upon tho bond of indemnity.
Certificates of damages and certificates
not otherwise specified Repealed.
Charter party-Rcpealcd.
Con- 1yanccs- Exempted below 50, 500:
above $4,000, 25 cents for each $500, in
accordance with the Senate action.
1nsurancc-Tax repealed on all kinds
of insurance in accordance with tho
action of the House, tho Senate con
fcrccs rcceding on all Senate amond-
mcnts.
Lcases-Tax repealed
Manifcsts-Tax repealed.
ortgages-Repcaled.
Steamer tickets-Tax repealed below
500 in value and tho rate fixed at SO
cents for each $50 in cost for that prico
and over.
Power Of attornoy-Tax repealed.
Protest-Tax repealed.
Warehouse rcccipts-Tax repealed.
Proprietary medicines tax repealed
IN accordance with the House action,
'i'o oou"Ic DciuS ulSdRFccu TO.
Perfumcry and osmetics-Tax re-
pealcd
Chewing gum-Tax repealed.
Legaccs-Law modified so as to ex-
cludc from taxation lcgaccs of charit-
able, religious, literary or educational
character.
The total reduction of the revenues
as made by the bill as agreed upon will
amount to about SAL 100000 AZ against
a reduction of 100000 as it passed
the House, and S45,O0O,0O0 IS amended
by the Senate. The bill will take effect
July |, next.