The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1914-09-17
WAR STAMP TAXES
WILL TOUCH NEARLY Y
ALL POCKET BOOKS.
Checks, Phone Bills,
Legal Papers and
Theatres to Pay.
DROP FREIGHT TAX
In Its Stead Multitude of As
sessments Will Be Made
by Congress.
DROP FREIGHT TAX

W. ngton, d. CAS- agreed up-
on by e Democratic caucus and the
admit tration leaders war revenue
bin W, be reframed to eliminate the
freigh tax and provide special levies
1t VIII tax banks with capital and
surplus not exceeding $4,000 dol
lars, $50 per year and SO for each
additional thousand; stock brokers
500; pawn brokers $50; commercial
brokers, $40; custom house brokers',
$40; proprietors of theaters, mus
Gums and concert halls 500; cir
cuses $1o0; public exhibitions $40
dollars. Bowling alleys, billiard halls
and. tobacco dealers are also includ-
ed at ! smaller rate This is in addi-
tion 7. the stamp tax.
st; Up tax, subject to probable re-
visio by the committee, in detail
will as follows:
'roposed Stamp Taxes.
b.. check, two cents; drafts and
bills of exchange, international, two
cents for each 500; promissory
notes two cents each $100; money
orders. 2 cents per 800; express re-
ceipts, one cent; freight receipts and
domestic bills of lading, one cent;
telephone message costing fifteen
cents or more, one cent; bonds, fifty
cents; certificates of deposit, two
lcents per 500 certificates of damage,
twenty-five cents; certificates not
otherwise specified, ten cents; char
ters, So to $40; brokers' contract
ten cents; Vconveyances, fifty cents
for each $500; telegraph messages,
lone cent; life assurances policies,
eight cents; each 500 of marine
International casualty fidelity and
guaranty insurance, one-half of one
per cent; leases, Twenty-Five cents to
one dollar; mortgages or conveyan-
ces in trust, twenty-five cents for
each $1,000; power of attorney, to
state, ten cents; power of attorney,
to sell, twenty-five cents; protests,
twenty-five cents; warehouse re-
ceipts, twenty-five cents.
Action of the Caucus.
Washington, d. C.--Abandoning
the proposed tax on freight transpor-
tation the democrats of the House
caucus last night agreed to war
revenue measure which will include
the Spanish war stamp tax on COM
mercial and legal papers, the Span
lish war taxes on bankers, brokers,
theatres and other amusement places
a tax of two cents a gallon on gaso-
Zine, a special tax on tobacco manu-
facturers and dealers in domestic
wines and beer.
The caucus adopted resolution
directing the ways and means COM
inittee 10 draft bill along these lines
President Wilson having approved
the plan at conference with Ma
iority Leader Underwood and Sen
ator Simmons late yesterday. The
!, committee was also given author-
ty to revise the details of the Span
ish war tax in it's discretion.
, Enthusiasm Marks Caucus.
: Enthusiasm marked the caucus
which was more generally attended
: than any democratic conference since
? the beginning of the present con-
! ,gress. The expected wide disagree
rnent. which threatened to embarrass
the administration, did not develop.
Representative Underwood pressing
upon the caucus the necessity for
5 emergency.
Mr.. Underwood announced that the
proposed bill would yield an esti-
e mated revenue of $105, ,0O0,000; the
. stamp tax to yield s35, 100000, spe-
\ cial taxes on bankers and brokers
u S5.S00,0O0, special tax on tobacco
:, dealers $4,000,00O, beer, an increas-
u ed tax of SO cents a barrel, $32,500.-
:, 900, gasoline S20,000,0 000 dry wines
y at IL cents gallon, and sweet wines
!, at 20 cents a gallon, .$S,000.000.
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