The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-02-07
BUCKET SHOPS MUST PAY
Amendment Modifying Tax on Cigars
and Tobacco Stands.
AN INCOME TAX SUBSTITUTE Killed
Il Was Offered by Senator Morgan and Re-
ected by Party Vote q to 38. Pro-
visions Against Hszing ot West
Point Sirengtbpned.
Point Strengthened.

Washington, Feb. 6--Two important
measures were disposed of by the Senate
today. the Military Academy Appropria-
tlon Bill and the War Revenue Reduction
Measure The former was under consid-
GRAFTON less than an hour The only change
made ia it was the strengthening of the
provision against hazing at West Point.
During the remainder of the afternoon
session, the War Revenue Reduction Bill
was before the Senate A determined but
unsuccessful effort was made to reduce the
tax on bank checks and TO provide that
telegraph and express companies should
bear the burden of the tax on messages
and packages sent. The Finance Com
mittee's amendment levying a tax on
transactions in so-caled bucket shops
modifying the tax upon cigars and cigar
cites and providing for a rebate on un-
broken packages of tobacco. in addition
TO severel others OF minor character,
were adopted
An amendment substituting an income
tax for the War Revenue Measure offered
by SIR Morgan. Of Alabama, was rejected
by party vote p to IS.
Mr.. Allen (Neb), offered some amend
ments making stronger the phraseology
Of the committees amendment relating
70 hazing
As agreed TO the hazing paragraph reads
as follows
THAT the superintendent Of the Mill
tary Academy shall make such rules. to
be approved by the Secretary of War. as
viii effeetually prevent the practice of
hazng and any cadet found guilty of par
ticipating in or encouraging or counten-
'ancng such practice shall be summarily
dismissed from the academy and shall not
thereafter be reappointed to the corps
of cadets or be eligible for appointment
a. command officer in the army or
navy.
The bill as amended then was passed.
Mr. Aldrich, (R ID, called up the Rev
enuc Reduction Bill, and it was read.
The first amendment added to the words
"prcmissory notes" providing for the re-
peal of the stamp tax on such instru-
mentsl. the words land any renewals
thereof
The second modified the paragraph re-
moving the stamp tax on bonds making it
read as follows:
Bonds Of every description not includ-
ing, however the bonds provided for in
the FIRST paragraph of schedule "A of
said act. or bonds for indemnifying any
person OF persons, firm or corporation who
shall have become Bound or engaged as
surety for the payment of any sum OF
money or for the due execution or per-
formance OF the duties of any office or
position and to account for money receiv-
ed hy virtue thereof
The amendments were agreed to-
The next amendment included "perfum-
cry aud cosmetics" in the section proyid-
ing penalty for failure to affix stamps
TO medicinal and proprietary preparations.
II was agreed to.
Other amendments were offered and
agreed to as follows:
Providing Nor rebate upon unbro1en
packages Of cigars and tobacco authoriz-
ing the cancellation Of stamps on fer
nented liquors BY perforation; reducing
by one half the tax on foreign bills Of
exchange: for the appointment of com
csent aerson to secure the enforce
ment of the tax imposed upon legacies
and distributive shares Of personal prop
crty: providing that the purchaser Of an
unccmpoundsd medicinal drug on which
the tax already has been paid shall not
be required to pay further tax
The amendment of the committee fixing
the tax upon transaction in stocks through
sc-called "bucketshops was agreed TO.
with IN amendment offered by Mr. Mason
providing that a tax of two cents (instead
Of one cent? ION each one hundred dol
lars IN value Of the merchandise covered
or pretended to be covered"
4 committee amendment modifying the
fax On cigars and cigarettes in accord
anee with the proposition made previous
~ hy Mr. Platt (Conn.). was agreed to-
Mr. Allison offered an amendment eX-
emeting from the tax levied upon life
insurance companies amy post mortenl
assessment association organized and
conducted solely for the members there
of"
lie explained that the amendment
would not apply to any CT the recognized
life insurance companies mutual or
otherwise After much discussion II was
agreed 10.
Mr. Aldrich explained that the reduc-
tcns Of the revenues made by the bill
would amount TO $500 00O. exclusive
of the effect of The new amendment for
taxing hucketshops, II efoh Of f'n
90 bucketshops in The United States
shouted pay $500. the Government would
derive 10000 600 from that source.
An amendment was agreed to providing
that the tax Gu new banks shall be COM