The Sentinel=record. (Hot Springs, Ark.) 1900-current, 1914-10-22
AGREEMENT ON
WAR TAX BILL
SACRIFICE OF ABOUT TWENTY
MILLION DOLLARS is NEcEs-
sARY TO COMPLETE 1T.
The Agreement Marks Another Step
in the Proposed Early Adjournment
Of Congress.

Washington, d. c., Oct. 21.-Agree-
ment on the war revenue bill was
reached late today by senate and
house conferees, at sacrifice of
from fifteen to twenty million dollars
in revsue proposed to be derived.
AT the last moment the conferees
eliminated the proposed amendments
to the liquor taxes, rejecting the sen
ate amendments to increase the tax
on beer from $3.50 to $1.75 a barrel,
and to impose a tax of five cents a
gallon on rectified spirits.
In sacrificing these amendments
the conferees made no substitution,
Representative Underwood's proposal
to restore a tax of two cents a gallon
on gasoline as contained in the house
bill having been rejected by the SEN
ate conferees. This action fixed the
estimated annual revenue at ap-
proximately S90,000,000 instead OF
S105, 100000 as contemplated in the
senate bill.
Throughout the day the conferees
fought over the liquor tax and gaso
line amendments the compromise
proposals having been carried to the
president by Senator Simmons and
Representative Underwood. Final
agreement, however, paved the way
for cary adjournment of congress and
leaders in both houses tonight plan
ned to expedite adoption of the report
so that the session might be ended
tomorrow night.
The agreement will be reported tC
the house at 10 o'clock tomorrow
morning and viii be taken up in the
senate Immediately after the houst
acts.
The cotton legislation met defea
conference was in progress, the meas
ure to provide for a quarter of mi,
lion additional currency through tn,
| issuance OF United States notes o
Panama canal bonds being rejecteI
by a vote of 1913 to 81. Lack of
quorum delayed action on the pro
Iposal to issue circulating notes base
on commercial paper up to 100 pc
cent of unimpaired capital and SUI
plus and also on the measure to i
cense cotton warehouses. Indication
tonight were both of the measure
would be "pocketed" in the rush TO
adjournment tomorrow.
The war revenue agreement fixe
the tax on beer at $3.50 a barrel wit
the senate amendment for a five pc
cent rebate for prompt payment elm
mated The senate amendment n
ducing the proposed tax on ban
capital and surplus from 81 to 81
thousand was retained. The senat
, proposal to tax domestic sweet an
dry wines eight cents a gallon wit
tax Of flfty-fiye cents a gallon o
( brandies used in the Notifications {
r wines also was retained The senat
/ amendment increasing the tax O
q tobacco manufacturers and dealer
S was agreed to with few exception
? and the stamp taxes were not di.
I turbed. Stock brokers will be take
$50 a year instead of $50. The grad
: ated tax on theatres also was change
slightly, the final rates being as TO
lows:
Theatres with a seating capacity {
$50 or less. will pay $25 a year; So
capacity, $50; 500 capacity. SIS
more than 500 capacity, 500 yea
Southern members of the hous
fought strenuously but in vain for tn
I bill which would have authorized
deposit in national and state bank
in cotton and tobacco states of $3.50
100000 in government funds.
Chairman Glass of the banking an
. currency committee, republican leaC
cr Mann and others on the opposite