Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-03-01
WAR REVENUE REDUCTION
BILL PASSED BY SENATE.
THE WORK OF THE CONFERENCE
COMMITTEE APPROVED BY
UPPER HOUSE.
SOME OF ITS PROVISIONS.
DOES NOT GO INTO EFFECT TIL
THE FIRST DAY OF
JULY NEXT.

WASHINGTON. February 2s.-The
Senate has agreed to the conference
report on the war revenue reduction
bill. There was no discussion.
The report of the committee shows
a compromise all along the lines of
the bill, the changes in the present
law being as follows:
Tobacco, 20 per cent. discount of
the original tax of II cents per pound,
as against rs per cent. reduction as
fixed by the Senate and none as the
bill passed the House. The rate
agreed upon will make the tax $3.50
per 100 pounds as stated in these dis
patches yesterday.
Cigars: On those weighing more
than three pounds per 1000 the House
rate of So per 1000 was retained, as
against $3.50 as fixed by the Senate and
$3.50 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 1,000, as fixed by the
existing law, which was not disturbed
by the House.
Cigarettes: On those weighing not
more than three pounds per thousand,
the Senate action fixing the rate at Is
cents per pound prevailed. The House
did not change the existing law.
Beer: The House rate of S1.60 per
barrel and repeating the 71a per cent
discount was retained.
Bankers capital: Present law re-
tanned, the Senate ~receding from It's
amendment.
Commercial brokers tax: Repealed
in accordance with original action OF
both houses.
Certificates of stock transfers: The
tanned, and the Senate amendment
making the law include the transac-
lions of bucket shops was accepted by
the House conferees.
Sales of products at exchanges: The
Senate amenQment eXempting sales of
merchandise in actual course of trans
portation was accepted, but the rate
of one cent for each 500, as fixed by
the present law, was retained, the Sen
ate amendment making the rate 81
being disagreed to.
Bank checks: Repealed in accord
nee with the House action.
Certificates of deposit: Tax re-
tpealed.
Promisory notes: Tax repealed.
Money orders: Tax repealed.
Bills of exchange, foreign: The rate
is fixed at 2 cents for each 500 in ac-
cordance with the Senate amend
ment.
Bills of lading for export: Repeal
ed.
Express receipts; Repealed.
Telephone messages: Repealed.
Miscellaneous bond tax repealed ex-
cept upon bonds of indemnity.
Certificates of damage and certiti-
Gates not otherwise specified re-
pealed.
Charter party: Repealed.
C~onveyance: Exempted below 81
500; above $500. twenty-five cents
for each $500, inaccordance with Sem
ate action.
Telegraph messages: Tax repealed.
Insurance: Tax repealed on all
kinds of insurance in accordance with
the action of the House, the Senate
conferees receding on all Senate
amendments.
Leases: Tax repealed.
Manifests: Tax repealed.
Mortgages: Tax repealed.
Steamship passage tickets: Ex-
empted below $50 in value and the
rate fixed at so cents for each $50 in
.D-+ F1. +hot ,,r;.a ,nl x,rar
Power of attorney: Tax repealed.
Protest: Tax repealed.
Warehouse receipts: Tax repealed
Proprietary medicines: TAX repeal
ed in accordance with House action,
the Senate amendment being disagreed
to.
Perfumery and cosmetics: Tax re-
pealed.
Chewing gum: Tax repealed.
Legacies: Law modified SO as 10 ex-
clude from taxation legacies 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, C3J. GOO, as against
a reduction of $40. 600. 0o0 as it passed
the House, and s45,O coo, coo as amended
in the Senate.
The provisions of the bill as agreed
upon will take effect on the first Of
next July.
The river and harbor bill, carrying
appropriations of more than $4,000
goo, was passed without a word of dis
cussion.
Final conference reports We're made
and agreed TO on the diplomatic and
consular and agricultural appropria-
ton bills and another conference on
the postoffice bill was ordered.
The House cleared the desks to-day
of a number of important conference
reports without much difficulty. The
conference report on the war revenue
reduction bill proved generally accept
able to both sides and was adopted
without division.
PRICES TO ADVANCE.