Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-01-31
BUCKET SHOP BROKERS'.
War Revenue Act Amendments Con-
Germ chem Intimately.

Washington Jan. 3l.-The Senate
committe on finance today reported d
number OF amendments 70 the war rev.
cnue reduction act. The following Is a
new section
STOCK TRANSACTIONS.
Section THAT from ana after the
passage Of this act. every person, as
ISOLATION. co.partnersnip, or corpora
ton, who OF which shall in his, its or
their own behalf, OF as agent, engage
In the making or Offering TO make con-
tracts, trades agreements or transactions
respecting the purchase or the sale Uf
any grain, provisions, raw or unmanu-
featured. stock, bonds or any other sc
curities wherein both parties thereto
or such person, association. co-partner-
ship or corporation above named con-
template or intend that such contracts,
agreements, trsSS or transactions,
shall be OF may be- closed adjusted. or
settled according or with reference TO
the public market quotations of prices
made on any board OF trade or eX-
change upon which the commodities or
securities referred 10 In said contracts.
agreements, trades. or transactions. are
dealt In. and without O bonahde trans.
action on such board Of trade OF ex.
change or wherein both parties. or
such person, association. co-partner-
ship or corporation above named, shall
contemplate or intend that such con.
tracts, agreements. trades or transac-
lions shall be or may be deemed closed
or terminated when the public market
quotations Of prices made on such
board Of trade or exchange for the ar
tcles as security named In such con-
tracts, agreements. trades or transac-
lions shall reach a certain figure and
every person, association, co-partner-
ship and corporation who or which shall
IN his or It's own behalf or
as agent conduct what Is commonly
known as a bucket shop" shall pay a
stamp tax Of one cent on each hundred
dollars IN value OF the merchandise COW
cred or pretended 20 be covered and
also a tax Of two cents on each on hun
dred dollars on the face value Of an
stocks. bonds or other securities COW
cred or pretended 90 be covered BY each
and all OF such contracts, agreements
trades or transactions
Provided. however. that the payment
Of any tax imposed by this section shall
not be held or construed 10 exempt any
such person association, c0-partnership
or corporation from any penalty or pun
ishment provided by the lays OF any
State for carrying on such business or
the making OF such contracts agree
ments. trades or transactions within
such State or In any manner 10 author
lie the commencement or continuance
OF such business or the making Of any
such contracts. agreements. trades or
transactions contrary TO the laws OF
such State or In any place prohibited by
municipal law nor shall the payment OF
any such tax be held 10 prohibit any
State from placing duty or tax on the
same trade or business for State OF
other purposes, and every such person.
association co-partnership or corpora
ton as aforesaid. shall pay an annual
special tax ~ fifty dollars. and for each
branch office. wherever established. an
annual special tax In addition OF flfty
dollars, which said tax shall be paid
within thirty days after the passage OF
this act by every person. association,
co-partnership or corporation now en-
gagged I'm such business and from and
after the passage OF the act by every
such person. association, partnership
or corporation proposing TO engage In
the business aforesaid before commenc.
ne such business