Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1901-03-01
WAR REVENUE BILL.
Compromise Agreed Upon by Ser
ate and House.

Washington, March 1.-The war
revenue reduction bill as passed by
congress shows a compromise be-
tween the senate and house all along
the lines of the bill, the changes III
the present law being as follows:
Tobacco, 20 per cent discount Of the
original tax OF II cents per pound, as
egainst IS per cent reduction as fixed
by the senate and none as the bill
PASSED the house. The rate agreed
upon will make the tax $500 per hun
cred pounds.
Cigars-On those weighing more
than three pounds per 1000, the house
tate of So per thousand was retained,
al against $3.50 as fixed by the senate
and $500 as in the present law. On
those weighing less than three
pounds per 1000 the senate rate Of
Is cents per pound was allowed to
stand, as against the rate of 81 per
thousand as fixed by the existing law,
which was not disturbed by the house.
Ggarettes-On those weighing not
more than three pounds per thousand
the senate's action fixing the rate Mt
Is cents per pound prevailed. The
house did not change the existing
law.
Beer-The house rate of SLIGO per
barrel and repeating the TX per cent
discount was retained.
Bankers capital---Present law re-
tanned, the senate receding from the
amendment.
Commercial brokers' tax-Repealed
ia accordance with original action Of
10th houses.
Certificates of stock transfers.
Rate Q cents for each $500 is retained
and the senate amendment making
The law include the transactions Of
bucket shops was accepted by the
house conferees.
Sales of products at exchanges
| The senate amendment eXempting
sales of merchandise in actual course
Of transportation was accepted, but
the rate of 1 cent for each $500 as
fixed by the present law was retained,
| the senate amendment making the
rate 81 being disagreed to.
Bank checks--Repealed in accord
ancc with the house action.
Certificates of deposit-Tax lie.
pcaled.
Promissory notes.-Tax repealed.
Money orders--TaX repealed.
Bills of exchange, foreign--Thc
rate fixed at cents for each $500, in
accordance with the senate amend
n1ent.
Bills of lading for export--Rc-
pealed.
Express receipts-Repealed.
Telegraph messages-Repealed.
Miscellaneous bonds-Tax repealed
except upon bonds of indemnity.
Certificates of damage and certifi-
Gates not otherwise specifed-Re-
pealed.
Charter party-Repealcd.
OBSERVATION-DISCLOSURES below ST.
500 above $4,000, rs cents for each $500
III accordance with senate.
Telephone messages-TaX repealed.
lnsurance-Tax repealed on all
kinds of insurance in accordance with
the action, the senate conferees re.
ccding on all senate amendments.
Leases-TaN repealed.
Manifests-TaX repealed.
Mortgages-TaN repealed.
Steamship passage ticllcts---Ex-
elnpted below $50 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-IaX repealed.
Proprietary nedicinea-Tax re-
pealed in accordance with house. ac-
ton, the senate amendment being dis.
agreed to. ,l.5 ... - .1.i >5> a}E
Perfumery and cosmetics--Tax re
pealea. 5-'' "A aat,9..
Chewing gum-Tax repealed.
Legacies-Law modified so as to
exclude from taxation legacies of
charitable, religious, literary or edu
cational character. s.ta1..z.>
The total reduction of the revenues
as made by the bill as agreed upon
will amount to about Sal 100000, as
against a reduction of $4O,oCO.0oo as it
passed the house and $45,O00,00O as
amended in the senate.
The provisions in the bin as agreed
upon will take effect on tie first of
next July. ~. 80
When a criminal is sentenced to
death in Greece, he must wait two