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Show 'JO! BARLEYCORN' BEARS w mm Tax on Alcoholic Spirits Ex pected to Yield $105,-000 $105,-000 000 Annually TV ASHUsGTON Oct 7 Re is on of the adm n s rat on Tsar revenue bl 1 "was com , p eted by the caucus of senate Demo era s late today and preparat ons made to p ess the meaau e In the sna e Sena tor S mmons in cha ge of the b sa d the finance coram tee would present tt to the senate tomorrow and cons derat on wou d beg n at once He believed a week wou d d spose of the b and c ear the way for ad ou nmen As the b was comp eted b t e cau cus v h s added ev es on beer and rect fled sp ta and minus t e proposed taxes on gaso ne and automob es cena tor mmons e t mated hat it wou d y e d annua y about ?105 000 000 un ess a s urrip in beer production cuts down the es n ated re enue f om that source The inc eased tax on beer s expected to y e d f om $43 000 000 to $46 000 000 and he rec fled sp ri s tax of 6 cents a ga on is a cu ated to ra se $5 000 000 Stamp taxes on nego ab e nstruments stocks and bonds deeds and t ansfe s b s of ad ng Pu man car and s earn ship tickets and nsurance po c es are expected to y e d ?30 000 000 and a stamp tax on patent med c nes cosme cs and perfume es s expected to y e d $7 000 000 T e re na nde w 1 come f om gpe c al taxes on theate s and p aces of amusen ent on tobacco c gar and c ar ette manufactures and on domes c w nes Broker Ta. Eliminated The caucus e m nated toda a spec al tax of $40 on b oke s cut ng ou $300 000 of est ma ed e enue A v go ous contes bv Senator Leu s of I no s re su ted n a educ on of the tax on Pu man t eke s f om ce s to 1 cent eac It was e n a ed hat he 2 cent tax wou d ha e y e ded $500 000 revenue Ef fo ts to mpose a stamp tax on bank checks of 1 or 2 cents eac were vo ed down The caucus autho lzed the finance com ml tee to rev se the tax on c aaret es former y fixed by the comm ttee at $24 for eac manufacturer It will be gradu ated a ong the nes of the c gar manu factu e 6 tax v. ch charges dea ers f om $6 to 36 according to the olume of bus ness Contests over duties on domestic w nes wh ch engrossed the caucus yesterday and today th cent a s ates and Pac fie coast gro ers argu ng v go ous v on both s des of t e d spute were avo ded when the caucus eft t e ent re matter to he finance comm ttee May Compromise on Wines Suggest on was made toda hat Ca 1 forn a gro e s w ou d accept a tax of 6o cen s a ga on on grape b andy w t wh ch sweet w nes a e fort fled f the tax of 0 cents a ga on on sweet w nes and S cents a ga on on dr w nes was reduced by one half Sena or S mmons sa d ton ght tha the comm t ee undoubt ed y wou d comprom se the d spute He added that by eso ng o n g t se&s ons f necessarv the bil cou d be passed n about a week a.f e s presented The insurance tax agreed upon s ho house p ov s on for a evy on a p op erty Insurance, bu w th fe nsuranc e n nated Th s was done by the sena e finance comn ttee beto e the caucus was ca ed and was ef un hanged by t e caucus As it s ands n he b a a of one 1 a f of 1 cent pe $1 of prem un s e ed on a p ope y surance as o e or afloat co operat ve and nutua po c es be ng e en p ed a e e sued po c es T de y and ara lee insurance w ould pa a s n a ate |