The age-herald., 1901-03-01
THE WAR REVENUE
 REDUCTION BILL
Conferees Have Agreed Upon
 List of Changes
SEVERAL IMPORTANT GU |
Reductions Were Made In the Tax 0 Tobacco, Cigars and Cigarettes. Law On Bank Checks and Con.
 veyances Repealed.

Washington, February 2S.-The confez ees of the Senate and House upon IL war revenue reduction bill today q nounced the result of their deliberatiot upon that measure. As already state. the report of the committee shows compromise all along the line of the bi the changes in the present laws bein as follows:
 Tobacco, 20 per cent discount of th original tax of 12 cents per pound, against 35 per cent reduction, as fixe0 by the Senate and none as the bill pass ed the House The rate agreed upon VI make the tax $9.60 per 100 pounds, as stated in these dispatches yesterday.
 Cigars-on those weighing more tha three pounds to the 1000 the House rat of $3 per 1000 was retained, as against s3s as fixed by the Senate and $360 in the present law. On those weighing less thar three pounds per 1000, the Senate rate O. IS cents per pound was allowed to stand as against the rate of q per 1000 as ike by the existing law. which was not dis turbed by the House.
 Cigarettes-On those weighing not moff than three pounds per 1000. the Senate a.. ton of fixing the rate at IS cents pe pound prevailed. The House did nc change the existing law.
 Beer-The House rate of a 60 per bar rel and repeating the 75a per cent dis count was retained.
 Bank Capital-Tho present law retained, the Senate recedins 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 Commercial Brokers Tax-Repealed In accordance with original action of both houses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 s10O is retained and the Senate amendment making the law include the transactions of bucket shops was accepted by the House con, ferees.
 Sales of Products at Exchanges-rhr Senate amendment exempting sales c; merchandise in actual course of trans portation was accepted, but the rate of 1 cent for each s1o0 as fixed by the pres ent law was retained. the Senate amend. ment making the rate $2 being disagreed to.
 Bank Checks-Repealed in accordance with the House action.
 Certificate of Deposit-Tax repealed
 Promissory Notes-Tax repealed.
 Money Order-Tax repealed.
 Bills of Exchange, Foreign-The rate fixed at cents for each $1o0 in accord ance with the Senate amendment.
 Bills of Lading for Export-Repealed
 ainka InA
 Telephone Messages-Repealed
 Miscellaneous Bonds-Tax repealed. ex- cept upon bonds of indemnity.
 Certificates of Damage and Certificates Not Otherwise Specifed-Repealed.
 Charter Parts-Repealed
 Conveyance-Exempt below $2,50O. above s2.5o0 25 cents for each 800 in ac- cordance with Senate action.
 Telegraph Messages-Tax Repealed
 1nsurnce-Tax repealed on all kinds of insurance In accordance with the action of the House. the Senate conferees re- ceding on all Senate amendments
 Leases-Tax repealed.
 Manifests-Tax repealed.
 Mortgages-Tax repealed
 Steamship Passage-Exemptedb below S59 in value, and the rate fixed at 50 cents for each $50 in cost for that price and over.
 Power of Attorney-Tax repealed.
 Protest-Tax repealed.
 Warehouse Receipts-Tax repealed
 Proprietary Medicines-Tax repealed in accordance with House action, the Senate being disagreed to.
 Perfumery and Cosmetics-Tax repealed
 Chewing Gum-Tax repealed.
 Legacies-Law modified so as to ex- clude from taxation legacies of charitable religious, literary or educational charac- ter.
 The total reduction of the revenues as made by the bill as agreed upon will amount to about $41 900 as against a reduction of s4OoOo. 600 as 1t passed the House and $45, 900, 900 as amended in the Senate.
 The Senate has agreed to the confer ence report on the war revenue reduc ton bill. There was no objection.
 Following are the detailed estimates of reductions made by Representative Payne, one of the House conferees;
 Commerc brokers. $13S, 900; certificates of deposit, $20O 000 promissory notes. s. 800, 900.
 Bills of lading for exports. s1oo 900: tee- graph dispatches. $500, GOO; telephone mes sages, $316. .0o0; bonds. other than indemni- ty, $25, 900: certificates not otherwise spec flied, $200. GOO: charter party. $10o0,000 con- veyances. $1.750.o00; insurance. $3,oO0,oo0: leases, $2o0.O00: mortgages, $50o.0o0; pas sage tickets. $100.000: power of attorney, s10O, 900; protests, s125. .00O warehouse re- ceipts, $25o, 900; express receipts. $500, 900. proprietary medicines cosmetics and chewing gum, $3950. .0OO cigars, $3,l O,oc0. tobacco, S7,000,00O; small cigars and cir garettes, $500. 900; beer. Ss80o.0oO; bank checks, $.000,0 foreign bills of ex change, $50 900; money orders, s602. 900; manifests for custom house. ssoOoo.