Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1901-02-28
THE REVENUE
REDUCTION BILL
Considerable Changes Will Be Made
in the Internal Revenue Taxa
ton After July l.
THE ST. LOUIS EXPOSITION
The Oonferees Of CONGRESS- Agree to the
Sunday Closing Amendment, But Dis
agreed on the Appropriation for the
Exposition at Charleston.
SENATE.


rich interrupted the consideration o.
the river and harbor bill to present tht
conference report on the war revenue
reduction bill.
The senate agreed . a conferens2 r.
port on the war revenue reduction bill
There was no objection. The resolution
offered by Mr.. Allen Of Nebraska, call
ing upon the secretary of the navy fol
COPIES of Gunner Charles Msrgan's let
ter to Rear Admiral Sampson, seeking
his promotion, and the admiraPs in
dorsements thereon. together with all
the correspondence bearing upon the
matter was adopted. The conference
reports on the military academy appro-
priation bill, the agricultural appropri-
alton bill, and the bill creating COM
mission for the adjudication Of the
Spanish war claims, was agreed to. The
river and harbor bill was takenup.
HOUSE.
Washington, February 2S.-The con-
ference report on the postoffice appro-
priation bill was rejected by the house
anu sent UdCh " CUuIcIClCC'
INTERNAL REVENUE CHANGES
Washington, February 28.-The con-
ferees of the senate and house upon the
war revenue reduction bill to-day an
nounced the result of their delibera-
tions. The report shows compromise all
along the lines off the bill, the changes
of the present law being as follows To-
bacco, 20 per cent discount of original
tax of IL cents pound. Cigars, on
those Weighing more than pounds per
1000, the rate of SO per 1000 is fixed, as
against $3.50 in the present law. On
those weighing less than 3 pounds per
1000, a rate of IS cents a pound, as
against 81 per 1000, as in the existing
law. Cigarettes, on those weighing not
more than 3 pounds per 1000, a rate of
IS cents pound prevailed. Beer-The
house rate Of s1.60 per barrel and re-
pealng the Z 1-2 per cent discount, re-
taned. Commercial brokers' tax, re-
pealed.
Certificates Of stock transfers, rate 2
cents for each $100, was retained, and
transactions of the bucket shops in
cuded. The sales of the products at
exchanges, senate amendment exempt
ing sales of merchandise in actual
course of transportation, was accepted,
but the rate Of cent for each s1OO, as
fixed by the present law, was retained.
Bank checks, certificates, promissory
notes and money orders, tax repealed.
Bills of exchange, foreign rate fixed at
cents for each 500. Bills of lading for
export, express receipts and telegraph
messages, repealed Miscellaneous
bonds repealed, except upon bonds Of
indemnity. Certificates of damage and
certificates not otherwise specified, re-
pealed. Charter party, repealed. Con-
veyances, exempted below $500; above
$2,50O, 25 cents for each $500, in accord
ance with senate action. Telephone
messages, Repealed. Insurance, repeal
ed. Leases repealed. Manifests, re-
pealed. Mortgages, repealed. Steam
ship passage tickets, exempted below
$50. and rete fixed at so cents for each
$50 and over. Power attorney, protest,
warehouse receipts, proprietary medi-
cines, pertumery, cosmetics and chew
ing gum, repealed. Legacies, law mod
ified so as to exclude from taxation
legacies q charitable, religious, liter
ary or educational character. The to-
tai reduction of revenues, as made by
the bill as agreed upon. will amount to
about $4,000, 900, as against reduction
Of $40,O0eooo as it passed the house, and
$45,000,OW as amended in the senate.
The provision of the bill as agreed up
on will take effect on the 1st of next
July.