The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1901-03-16
STAMP WAR TAX.
Almost Entirely Repealed by Con-
gress, to Take Effect July l.

Almost Entirely Repealed by Com
gress, to Take Effect July /.
Congress deserves credit for the
great reduction of the odious
stamp tax, it for nothing else.
The total reduction of the reye-
nues AZ made by the bill amounts
10 about 81 900 200, as il passed
the House and $45. .000,0 900 as
amended in the Senate. The bill
will take effect July /, next, and
the changes In the present law are
as follows:
Tobacco--20 per cent discount
OF the original tax of IL cents per
pound as against rs per cent re-
duction as liked by the Senate and
none as the bill passed the House.
The rate agreed upon will make
the tax $3.50 per 100 pounds.
Cigars - On those weighing
more than three pounds per 1000
the House rate of 50 per 1000 was
retained, as against $3.50 as fixed
l,y the Senate and $500 as is the
present law. On those weighing
less than three pounds per thous-
and Senate rate of 18 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.
Cigarettes--On those weighing
not more than three pounds per
thousand the Senate action fixing
the rate at Is cents per pound pre-
vailed. The House did not
change the existing law.
Beer--The House rate Of $1.06
per barrel and repeating III per
cent discount was retained.
Bankers Capital--Present law re-
tanned; the Senate receding from
its amendment.
Commercial Brokers' Tax-Re-
pealcd in accordance with origi-
nal action of both houses
Certificates of Stock Transfers
The rate of 2 cents for each 800
| is retained and the Senate amend.
ment making the law include the
transactions of bucket shops was
accepted by the House conferees.
Sales of Products at Exchanges
- The Senate amendment exempt
ling sales of merchandise in actual
course of transportation was ac-
cepted, but the rate of l cent for
500 as fixed by the present law
was retained, the Senate amend
ment making the rate 81 being
disagreed to.
Bank Checks Repeated in ac-
co.dance with the House action.
Certificates of Deposit-Tax re-
pealed.
Promissory Notes--Tax repeal
ed.
Money Orders--Tax repealed.
Bills of Exchange, Foreign =
The rate fixed at 2 cents for each
800 in accordance with the Se-
nate amendment.
Bills of Lading for Export
Repealed.
Express Receipts-Repealed.
Telephone Messages-Repealed
Miscellaneous Bonds-Tax re-
pealed, except upon bonds of in
demnity.
Certificates of Damage and Ger
tificates Not Otherwise Specified
Repealed.
Charter Party-Repealed.
Conveyancc-E Exempted below
$2500; above $25O0, 25 cents for
each 500 in accordance with the
, Senate action.
Telegraph Messages-Tax re-
pealed.
Insurance--Tax repealed on all
kinds of insurance in accordance
with the action of the House, the
Senate amendments.
Leases-Tax repealed.
Manifests-Tax repealed.
Mortgages-Tax repealed.
Steamship Passage Tickets
Exempted below $50 in value and
the rate fixed at 30 cents for each
$50 in cost for that price and over
Power of Attorney-Tax re-
lpealed.
Protest-Tax repealed (
| Warehouse Receipts-Tax re-
pcaled.
| Proprietary Medicines-Tax re-
peaied in accordance with House
action.
Perfumery and Cosmetics-TaS
repealed.
Chewing Gum-Tax repealed
Legacies--Law modified so as
to exclude from taxation legacies
of, charitable, religious, literary OF
educational character.
| CASTORIA