The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-03-01
WAR REVENUE BILL.
Conference Report Makes a Reduction OF
S4t.0O0.ooo.

50 ,OOO.UOO.
Washington, February 2s.-The confer.
rccs Of the scnntc and house upon the war
revenue reduction bill today announced the
result OF their deliberations upon that
measure. As already stated the report OF
the committee shows compromise all
along the line OF the bill, the changes 10
the present law being az follows;
Tobacco. Twenty per cent discount of
the original tax Of y cents per pound,
as against - per cent reduction, as fixed
by the senate, and none MS the bin passed
the house. The rate agreed upon will make
the tax 5000 per hundred pounds.
tigars.-On those weighing more thar
three pounds per 1000 the house rute OF ~
per thousand was rotaiucd. as against $40
Us fix 81 by the seuatt ana $500 rs Ia
the present law. ON those Weighing less
than three pounds per 1000 the senate
tate OF is ceuts per round was allowed
10 Wnnd as against the rnte of 81 pcr
1000 as fixed by the existing law, which
WAS not disturbed 10y the house
Cigarettes. On those Weighing not more
than three pounds per 1000 the senate ac-
ti,n fixing The rate at is cents per pound
prevailed. The house lid not change tho
existing law.
Beer The house rate of 81 GO per bar
re aud repeating the IA per cent dis.
count was retained
Bankers Capital Present Law retained
the senate recoding from its amendment
Commercial Brokers Tax Repeated In
accordance with the original action Of both
housrs,
Certificates Of Stock Transfers The rate
ot cents for each 500 Is retained and
the senate amendment making the law in
cludc the transactions of bucket shops was
accepted 10y the house conferrces.
Sales of Products at Exchanges. The
senate amendment cNempting sales of iner
Chandisc In actunl course of transportation
was accepted. but the rate OF ! cent for
tach 500 as fixed by the present law,
was retained the senate amendment max
Ing the rate 81 being disagreed to,
Rank Checks Repealed In accordance
with the house action.
Certificates % Deposit Tax repealed.
promissory Notes Tax repealed.
Money orders, Tax repeated.
BUS of Exchange. Foreign The rate
fixed al cents Tor each St00, In accord.
nncc with the senate amendment.
Htlls OF lading for Export Repealed.
Express Receipts Repealed
Telephone Messages Repealed
Miscellaneous Bonds. Tax repealed ex-
cent upon bonds OF indemnity.
Certificates OF Damage and Certificates
MOI Otherwise Specified. Repealed.
Charter Party, Repealed
CONVEYANCE. Exempted below $500
above S25uO, - cents for each $500. in ac-
cordancc with the scnate's action.
Telegraph Messages. Tax repealed
Insurance, Tax repealed on all kinds of
insurance, In accordance With the action
of the house, the senate conferrccs rcced-
lng on all senate amendments.
Leases. Tax repealed
Munifcsts.-TaN repealed.
Mortgages. Tax repealed.
steamship Passage Tickets Exempted
below $50 In value and the rate fixed ut
! 80 CENTS for each $50 in cost tor that price
/ ana over.
Power of Attorney Tax repealed.
Protest, Tax repealed,
Warehouse Receipts. Tax repealed
Proprietary Medicines Tax repealed In
accordance with the house action the sen.
ate action being disagreed to,
PerfuuerN and Cosmetics Tax repealed.
Chewing Cum Tax repealed
lcgacicsLnw modified so ns to exclude
from taxation legacies OF charitable re.
ligious, literary and educational character.
The total reduction Of the revenues rs
made by the bill as agreed upon will
amount to about S4t.0aO,OO0 us against a
( reduction OF sl0O00O00 as II passed the
house and S45,00O,O00 as amended In the
sCnate.
The provisions OF the bill as agreed upon
/ viii take effect on the LIST of next July