The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-02-28
War REVIEW - REDUCTION
COnferees Reach an Agreement on
the Compromise Bill.
Practically All the Senate Amend
ments Except Those Affecting
Tobacco 1IeIded-The Tax on Some
of the More Important Items.

of the More Important Items.
The House and Senate conferees or.
reducing the taxes imposed by the War
Revenue act held a final meeting this
morning and ordered 4 report made on
the compromise bin. Later in the day the
report was agreed to by the Senate The
Senate conferees yielded to the
House practically all the amend
affecting the tobacco schedule AS
finally agreed upon manufactured tobacco
and snuff Will pay tax Of 8 and cents
a pound. instead of Z cents as at pres
ent. On cigars the tax viii be s. per 1000
instead Of $3.50 as at present and $3.50 pro-
posed by the Senate.
Cigars weighing less than three pounds
per 600, IS cents per pound instead Of 81
per 1000 under existing law Cigarettes
valued at less than s. per 1909. Is cents
per pound and over s., the tax wiz be Sc
cents per pound.
On beer the House rate Of $3.50 per bar
rel is retained This is a reduction Of Is
cents . barrel from existing rates while
the Senate rate was SLSa
The present tax of cents per 500
on transfers of stock is retained with ad-
ditional provision, making it apply to
bucket shop transactions The tax Of
cent per 500 on sales at produce ex-
changes and boards of trade is reduced to
One-half cent, with provision exempting
from taxation the sales of such products
which are in actual course OF transporta-
ton, when accompanied by buI of lading-
Foreign bills of exchange viii hereafter
pay 2 cents for each S1J9 which is a
reduction OF 50 per cent under existing
charges
The tax of cents per sIoc on drafts.
or inland bills Of exchange, which was
abolished by the House bill, mas been re-
stored by the conference bin.
The tax on passage tickets is made 90
Apply only to those costing more than $50.
and the rate is fixed at 80 cents for each
$50, the existing tax is from 81 to s., ac-
cording to value.
The House provision repeating the tax
on fire. life, indemnity. ana casualty in
surancc policies has been retained. The
Senate reduced the existing rates by -
per cent
on conveyances TIE present tax Of 50
cents on each 500 has been reduced TO .
cents, and all conyeyancess below s.. go
arc exempted.
The tax on legacies IS amended so as to
exempt Iegacies Of charita Bile literary
or euuCa,-OndI character ! ne taxes nave
been abonshed on the following:
Medicinal proprietary articles and prep
arations, chewing gum. bank Oh -cks.
promissory notes, money orders. export
biIis OF lading, express receipts, telephone
messages, telegraph messages, charter
parties. leases. custom house entry mani
tests, mort cages. powers Of attorney, pro
tests. warehouse receipts. certificates Of
deposit. bonds of indemnity, commercial
brokers.
The following taxes are retained: Bank
ers' capital = for each S1.19o, stock brok-
ers SOS, pawnbrokers 81. custom house
brokers so. theatres $i01; circuses $780,
other EXHIBITIONS $l4; bowling alleys and
billiard tables s.. dealers in tobacco and
manufactures OF tobacco and cigars, is
sues Of stock. bonds, etc, ; cents fer each
Stn5; freight receipts 1 cent; certificates of
profit cents for each 2l0G. brokers con-
tracts 10 cents; custom house entry for
consumption . cents 70 81, entry for
withdrawal 90 cents, sparkling or other
wines l cent a pint, excise tax on petro-
leum and sugar refners. sleeping and
parlor car tickets I cent. mixed -four and
its manufactures, tea import duty 10
cents a pound.
The net reduction in revenue under the
bill is estimated at 50 Ito