New-York tribune., 1901-03-01
REDUCING WAR TAXES.
BILL. PASSED AND READY FOR THE
PRESIDENTS SIGNATURE
REVENUES CUT ABOUT ST 900 ooo-CHANGEs
IN THE PRESENT LAW.

Washington Feb 2s-Both houses of Con-
gress to-day adopted the conference report on
the War Revenue Reduction bill. thus finally
passing the bill. which will probably be signed
by the President tomorrow. No objection was
made to the adoption of the report in either
house. The total reduction of the revenues will
amount to about S41.000,Ooo, against a reduc-
tion of S40.00o0O0 as the bill passed the House
and S45,000,000 amended in the Senate. The
reductions will take effect July l.
The changes in the present law are as follows:
Tobaeco-Twenty per cent discount on the original
ton as fixed by the senate and none as the bill
passed the House. The rate agreed upon viii make
Cigars-On those weighing more than three pounds
per thousand the iomse rate 90 per l'Vs wa was re
Sc as in the present on those weighing less
than three pounds per thousand the Sc ens
against the rate per thousand III Nfd t E onss tne
Cigarettee-On these Weighing not more than
three pounds per thousand. the Senate action TX Mx-
i'5 H6uee did not change the existing law.A
Beer-The House rate of 81 90 per barre and re-
BanEers capifai-Present law retained, tho SEN
ate rlins from its amendmsn5 RsaasIea in accordance
with tho original action of both houses
Certificates Of stock IN sanste i amend
making the law include the transactions , SO .
bucket shops" was accepted by the House co"
sales of products exehangesmIbhss ,1isl Senass +
amendment eXemptinS safes or mercnts ~,
actual course Of transportation was accepted. pu
tba rate of cent each S0a fixed oY the lreSsiL
law mas retained the Senate amendment Hlahihs
The rate g being dsa greed TO. .,o ,.,
Bank Checks-TaN repealed IN acCoi"9''7 "'
'ns se7fiSates 4dfiSa S' q y; dsp%ssrax repealed
Promissory notes-TaX repeated
Money orders-Tax repealed: . .uo
PilIs OF exchange, foreeIi-The rate nHeu 80 .. ~
cents for each sloN In accordance win me Seha'e
amendment. .....,os
Express recepts-Tax repeated
Telcphoue lneSsages-TaX repedle0 -.
miscellaneous Bonds-Tax repealed except on
bonds of Indemnity. --.,e... ~. other
Certificates Of damage anu Ceruica'eo i0' ~
wis, spaciied-TaE repealed
Charter party-rsX repealed. ,1 49, - shn
t.ouvevances- Exempted below s2otV. ano's S-'ooV
% cents for each $500, In accordance WIN '"e a.
tion OF the Senate. .,.s
Inslrs nce-Tax repealed on all kinds OF ,a. 1nsuI
ance in accordance with the action ot .ns m samntc
tho Senate couferrees recsdinE on ~ ""'
amendments.
T.eases-Tax repealed.
Manifests-TaX repealed.
Mort seS-TaN repealed ,.n
q, ii'a and the rate liked at 30 cents for each s"
in cost for that price and over;
Power of atrorney-TaX repealed.
Protest-Tax repealed ,.
Warehouse receiptS-TaX repeated -,
Ioronrietary nne,icnes-TaX repealed, IN ascoro.
ance with House action, the senate a'he"''"N''
being disagreed to ...,.a
Perfumery and cosmetics-IaN repeaiea
Chewing guTil--TaX repealed
Ieg"riHs s1Taw modified as 20 exclude from
,avafion lesacies of charitable. religious h'erarE
or >duca tional character
The following are detailed estimates ~ reduc-
tions made by Chairman Payne. Of the ways