Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1901-03-06
TAXES ABE CUT DOWN
War Revenue Measure Passed by
Senate and House.
Ihe conference Report Making Re
auction OF About $41, 100000
Will Become II law ON
July 1,

July 4.
Washington, March 1.-The confer
ees Of the senate and house upon the
war revenue reduction bill Thursday
announced the result Of their deEber-
ations upon that measure. The house
and senate adopted the report. AS al
ready stated, the report of the com
mittee shows a compromise all along
the lines of the bill. the changes in the
present law being as follows:
Tobacco-Twenty per cent. discount Of
the original tax Of II cents per pound as
against 25 per cent reduction as fixed b.
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 or
three dollars per 1000 was retained, as
against $50 as fixed by the senate anc
IS. go as in the present law. On those weigh
ing less than three pounds per 1000,
the senate rate of Is cents per pound was
allowed to stand as against the rate OF
one dollar per 1000 as fixed by the existing
law, which was not disturbed by the house.
Cigarettes-On those weighing not more
than three pounds per 1000, the senate ac-
ton fixing the rate Of Is cents per pound
prevailed. The house did not change the
existing law.
Berthe house rate Of SLIGO per barrel,
and repeating the 7b per cent. discount
was retained.
Bankers apital-Present law retained,
the senate receding from it's amendment.
Commercial brokers' taX-Repealed in &C
cordance with original action of both
houses.
Certificates of stock transfer s-The rate
Of two cents for each 500 is retained, and
the senate amendment making the law in
clude the transactions Of bucket-shops was
accepted by the house conferees.
Sales of products al exchanges-The sen
ate amendment eXempting sales OF mer-
ChanGise in actual course OF transporta-
tion was accepted, but the rate Of one cent
for each 500 as fixed by the present law
was retained, the senate amendment max
ing the rate two dollars being disagreed to.
/ Bank checks-Repealed in accordance
| with the house action.
Certificates Of deposit-Tax repealed.
Promissory notes-TaX repealed.
| Money orders-Tax repealed
Bills Of exchange, foreign-The rate fixed
at two cents for each 500, in accordance
! with the senate amendment.
| Bills of lading for export-Repealed.
Express receipts-Repealed.
Telephone messages-Repealed.
Miscellaneous hcnds-TaX repealed, eX-
cept upon bonds of indemnity.
Certificates of damage and certificates
not otherwise specified-Repealed.
Charter party-Repealed.
onveyance-Exempted below $500
above s., 500 p cents for each $500, in accord
ance with senate action,
Telegraph mesa ges-Tax repealed.
Jnsurance-TaX repealed on all kinds q
insurance, in accordance with the actor
of the house, the senate conferees recedlng
on all senate amendemnts.
Ieases-TaX repealed.
Manifests--TaX repealed.
Mortga ges-Tax repealed.
Steamship passage tickets-EXempt be-
low $50 in value, and the rate fixed at 50
cents for each $50 in cost for that price and
over.
Power of atrorney--Tax repealed.
Protest-Tax repealed.
Warehouse receipts-Tax repealed.
Proprietary medicines-Tax repealed in
accordance with house action, the senate
amendment being disagreed to.
Perfumery and cosmeticS-Tax repealed.
Chewing gun--Tax repealed.
Iegacies-Law modified so as to exclude
from taxation legacies of charitable, rel1-
gious, literary or educational character
The Total Reduction.
The total reduction Of the revenues
as made by the bill as agreed upon
Will amount to about 41,000,000, as
against reduction of $40, 900 as
IL passed. UHe mousse ana 9f0,UUO,OOO
as amended in the senate.
The provisions of the bill as agreed
upon will take effect on the 1st OF
next July.
The democratic conferees (Senator
Jones, of Arkansas, and Mr.. Richard
son, of Tennessee,) signed the report,
which is looked upon as removing
doubt on the passage of the bill.
Detailed Estimate.
The following are detailed estimates
Of reductions made by Representative
Payne, one of the house conferrees:
Commercial brokers, $13S, 900; certificates
of deposit, $500, 900; promissory notes, So, $780,,
900; bills Of lading for export, 100000; tele-
graph dispatches, $500 900; telephone mes
sages, S315, 600; bonds, other than indemnf-
ty. $25, 600; certificates not otherwise speci-
fed, 5000, 900; charter party, 500 coo; convey
ances, 81, $50 900; insurance, $1,000 000 leases,
5000, 0O0; mortgages, $500,000; passage tick
cts, 500, 600; power of attorney, 100000; pro-
tests, $25, 900; warehouse receipts, $1,000;
express receipts, 5000 proprietary medi-
Geo; legacies $500, 0G0; cigars, So, 100 600; to-
bacco 100000; small cigars and ciga-
rettes $500 900; beer, 50, 500, 900; bank checks,
600; money orders, $500, 600; manifest for
custom houses, 5000
Wants Another Term.
Toledo, O., Marcn 2.-Mayor Sam