The Bridgeport evening farmer., 1917-01-27

II. of the act entitled "An act to in~ crease the revenue and for other purposes" approved Sept. 8, 1916, be and the same is hereby amended to read as follows: "Sec. 201. That a tax thereinafter in this title referred to as the tax equal to the following percentages of the value of the net estate, to be determined as provided in Section 203, is hereby imposed upon the transfer of the net estate of every decedent dying after the pas sage of this act, whether a resident or nonresident of the United States.
 One and one-half per centum of the amount of such net estate not in excess of $50,000;
 Three per centum of the amount by which such net estate exceeds $50,000 and does. not exceed $150,- 900;
 Four and one-half per centum of the amount by which such net estate exceeds $15O,O00 and does not exceed $25O,0OO;
 Nine per centum of the amount by which such net estate exceeds $250,- 900 and does not exceed $450,000;
 Sevbn and one-half per centum of the amount by which such net estate exceeds s450,00 and does not exceed s1,ooo,OOo;
 Nine per centum of theannount by which such net estate exceeds $1,000,000 and does not exceed $2, 000,00O and does not exceed $2,0OO,- 900;
 Ten and one-half per centum of the amount by which such net estate ex- ceeds $2,00O.O0O and does not exceed $3,000,O00;
 Twelve per cent of the amount by which such net exceeds S3,000,00e and does not exceed s4,O00,0O0
 Thirteen and one-half per cent of the amount by which such estate ex- ceeds $4,000,000 and does not exceed $5,O00,000, and
 Fifteen per cent of the amount by which such net estate exceed, $5, OOO,0O0.
 Sec. 301.-That the tax on the transfer of the net estate of decedents dying between Sept. 8, 1916, and the passage of this act shall be computed at the rates originally prescribed in the act approved Sept 8, 1916.
 
 Sec. 4Oo.-That the Secretary of the Treasurer is hereby authorized to bor- row on the credit of the United States from time to time such sums as in his Judgment may be required to meet public expenditures on account of the Mexican situation, the construction of the armor plate plant, the construc- tion of the Alaskan Railway, and the purchase of the Danish West Indies, or to reimburse the Treasury for such expenditures and to prepare and issue therefore bonds of the United States not exceeding in the aggregate $1O0,- 900, ,000, in such form as he may pre- scribe, bearing interest payable quar- terly at a rate not exceeding three per 'centum per annum; and such bonds shall be payable, principal and interest, in United States gold coin of the present standard Of value, and both principal and interest shall be exempt from all taxes or duties of the United States, as we'll as from taxation in any form by or under state muni- cipal, or local authority, and shall not be receivable by the Treasurer of the United States as security for the issue of circulating notes to national banks:
 Provided that such bonds may be disposed of by the. Secretary of the Treasury at not less than par under such regulations as he may prescribe, giving all citizens of the United States an equal opportunity therefor, but not exceeding one-tenth of 1 per cent. of the amount of the bonds herein au- thorized, is hereby appropriated out of any money in the Treasury not otf- erwise appropriated to pay the ex- penses of preparing, advertising and issuing the same.
 And provided further that in addi- ton to such issue of bonds, the Sec retary of the Treasury may prepare and issue for the purposes specified in this action any portion of the bonds of the United States now available for issue under authority of Section 39 of the act entitled "An act to provide revenue, equalize duties, and encour- age the industries of the United States and for other purposes" approved Aug. 5, 1909:
 Provided, further, that the issue of bonds under authority of this act: and any Panama Canal bonds hereafter is- sued under authority of Section 39 of the act entitled "An act to provide revenue, equalize duties and encour- age the industries of the United States and for other purposes approved Aug. 5, 1909, shall be made redeem able and payable at such times within fifty years after the date of their is- sue as the Secreary of the Treasury in his discretion may deem advisa- ble.
 Certificates of Indebtedness
 Section 4O1-That Section 32 of an act entitled An act providing ways and means to meet war expenditures and for other purposes" approved June 13, 1898, as amended by Sec tion 40 of an act entitled An act. to provide revenue, equalize duties, and encourage the industries of the United States, and for other purposes" ap- proved Aug. 5, 1909, be, and the same is hereby. amended to read as follows:
 "Sec. 32. That the Secretary of the Treasury is authorized to borrow from time to time, at a rate of interest not exceeding per centtum per annum, such sum or sums as, in his judgment, may be necessary to meet public ex- penditures, and to issue thefefor cer- tificates of indebtedness in such form and in such denominations as he may prescribe, and each certificate so is- sued shall be payable with the inter est accrued thereon at such time, not