The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-10-22
No WAR TAX
ON GASOLINE
BILL REDUCED
REVENUES HAVE BEEN REDUCED
TO NEARLY FORTY MILLIONS
UNDER ORIGINAL ESTIMATE.
AGREEMENT ON WAR TAX BILL

Washington, D. C., Oct. 2L-Agree-
ment on the war revenue bill was
reached late Wednesday BY senate
and house conferees, at sacrifice OF
from sl5OOO,O 900 10 100000 900 in the
revenue proposed to be derived.
At the last moment the conferees
eliminated the proposed amendments
to the liquor taxes. rejecting the tax Oh
beer from $3.50 to sl.75 barrel, and
10 impose a tax Of cents gallon on
rectifed spirits.
In sacrificing these amendments the
conferees made no substitution, Repre-
sentative Underwood's proposal to re-
store the tax Of 2 cents gallon on
gasoline as contained in the house bill
having been rejected by the senate
conferees. This action fixed the esti-
mated annual revenue at approximate
Is $50, 600, 900 instead OF s150,000.00O
as contemplated in the senate bill
Early Adjournment Possible.
Throughout the day the conferees
fought over the liquor tax and gaso-
line amendment the compromise pro
posals having been carried to the pres
ident by Senator Simmons and Repre-
sentative Underwood. Final agree
ment, however paved the way for ear
ly adjournment Of congress, and lead
ers in both houses Wednesday night
planned to expedite adoption of the
report so that the session might be
ended Thursday night.
The agreement will be reported to
the house at 10 o'clock Thursday
morning and will be taken up in the
senate Immediately after the house
acts.
Cotton Legislation Defeated.
Cotton legislation met defeat in the
house while the war revenue confer
ence was in progress, the measure to
provide for a quarter of million ad-
ditional currency through the issu'
ance of United States notes or Pana'
ma canal bonds being rejected by a
vote of 1913 to 81. Lack of a quorum
delayed action on the proposal to
issue circulating notes based on com
mercial paper up to 100 per cent OF
unimpaired capital and surplus and
also on the measure to license cotton
ware houses. Indications tonight were
both of the measures would be "pock-
eted" in the rush for adjournment to-
morrow.
The was revenue agreement fixed
the tax on beer at $3.50 a barrel with
the senate amendment for a per cent
rebate for prompt payment eliminated.
The senate amendment reducing the
proposed tax on bank capital and sur
plus from 81 to 81 a thousand, was re-
tanned The senate proposal to tax
domestic sweet and dry wines cents
gallon, with a tax of 50 cents a gal
lon on brandies used on the fortfica-
tions of wines also was retained. The
senate amendment increasing the tax
on tobacco manufacturers and dealers
was agreed to with few exceptions and
the stamp taxes were not disturbed.
Stock brokers will be taxed $50 a year
instead of $50. The graduated tax on
| theaters also was changed slightly the
final rates being as follows:
Theaters Taxed.
Theaters with seating capacity of
25O or less, will pay $25 a year; 500
capacity, $50; 500 capacity, $75; more
than 500 capacity, 800 a year.
Southern members of the house
fought strenuously but in vain for the
| bill which would have authorized de-
posit I'm national and state banks in
| cotton and tobacco states, of $3.50 000,-
600 in government funds.
| Chairman Glass OF the banking ana
currency committee, republican leader
Mann, and others in opposition on
both sides, declared the cotton plan
was utterly unsound" and would con
tract the credit of the south rather
than expand it. The cotton belt mem.
bers, led by Representatives Henry
and Hardwick, insisted that the plan
followed past treasury policies and
that the treasury often made large de.
posits of government funds to avert
financial stress in the various sections
of the country.
| II vOur child starts IN Js sfaau