The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-01
To REDUCE WAR TAX
SENATE AND HOUSE AGREE ON A
COMPROMISE.
A REDUCTION OF S41,ooo,ooO.
MANY OF THE VEXATIoUs TAXES
REMOVED.

Among the Estimated Reductions
Are beer, $4,000, 900, Bank Checks,
$7,0OO,OOO, Tobacco, $1,000, 900,
Proprietary Medicines, $3,9SO, 900,
Cigars, $3,1OO,OOO, PromissOry
Notes, $3,5OO,0OO, Insurance PoIi-
cies, $3,OOO,0O0, Telegraph Dis
patches, $500, zoos Express Re
ceipts, $SOO,OOO, Money Orders,
$6O2,OO0, Mortgages, S5OO,O0O, and
Telephone Messages, $3I5,OOO.
Washington, Feb. 2S--The conferees OF
the Senate and House upon the war rev.
enue reduction bill to-day, announced the
result of their deliberations upon that
measure. 1t shows a compromise all along
the Zines 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 % 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 100 pounds as stated
in these dispatches yesterday.
Cigars: on those weighing more than
8 pounds per 1000 the House rate or 50
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 thousand, the Senate
rate of IS cents per pound was allowed 10
stand as against the rate of 81 per thous-
| and, 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 SEN
ate action fixing the rate at IS cents per
pound prevailed. The House did not
change the existing law
Beer: The House rate of s160 per bar
rel and repeating the 7is per cent. dis
count was retained.
Banking Capital: Present law retained,
the Senate receding from its amendment.
Commercial Brokers Tax: Repealed in
accordance with original action of both
Houses.
Bucket shop Deals Included.
Certificates OF Stock Transfers: The
rate OF cents for each 500 is retained
and the Senate amendment making the
law include the transactions of bucket
shops was accepted by she House confer
| ees.
Sales of products at exchanges: The
Senate amendment 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
the present law was retained, the Senate
amendment making the rate 50 being dis
agreed to.
Bank checks: Repealed IN accordance
with the House action. On certificates of
deposit, telegraph and telephone messages,
express receipts. money orders. promisso-
ry notes. charter party, bills of lading for
export, leases, manifests, mortgages, pow
er Of attorney, protests, warehouse re-
ceipts, perfumery and cosmetics, and
chewing gum, the tax is repealed
Bills of exchange. foreign: The rate
fixed at cents for each 500 in accord
ance with the Senate amendment. Mis-
cellaneous bonds tax repealed except upon
bonds for indemnity
Certificates of damage and certificates
not otherwise specified, repealed.
Conveyance. exempted below $500;
above $500. 25 cents for each $500, IN ac-
cordauce with Senate action.
Insurance tax repealed on all kinds of
insurance in accordance with the action
of the House. the Senate conferees re-
ceding on all Senate amendments.
Steamship passage tickets exempted be-
low $50 in value and the rate fixed at so
cents for each so in cost for that price
and over
Proprietary medicines tax repealed in
accordance with House action, the Sen
ate amendment being agreed to.
Legacies law modified so as to exclude
from taxation legacies Of charitable, re-
ligious, literary or educational character.
The Total Reduction $41 ,OOO, 900.
The total reduction of the revenues as
agreed upon aggregates about $41,000, 600,
as against $40, 10000 as IL passed the
House, and S45000OO0 as amended in the
Senate.
The provisions Of the bill as agreed up
on will take effect on the first of next
July.
The following are detailed estimates of
reductions made by Representative Payne,
one Of the House conferees:
Commercial brokers' $lSs.0O0; certificates
Of deposits. $4,000; promissory notes, 49,
500 900; bills of lading for export, s10O 600;
telegraph dispatches, $4,000; telephone
messages, $4,000; bonds other than in
demnity, 5000; certificates not otherwise
specified, $4,000; charter party, 800. 600;
conveyances, $1,7j0O00: insurance, $1,000
600; leases, $4,000; mortgages. $500, 900;
protests, $4,000; warehouse receipts, $3.50
200; express receipts sSOO,OOO proprietary
medicines, cosmetics and chewing gum,
So $50. 900; legacies, 900; cigars, 50 100.-
900: tobacco, 100000; small cigars ami
cigarettes, $4,000; beer, s9,S00O00 bank
checks, 1900 900; foreign bills OF exchange,
$50. .OOO money orders, $500 900; manifest for
custom house, $4,000.
The Democratic :, conferees (Senator
Jones of Arkansas and Mr.. Richardson of
Tennessee) signed the report