Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-07-04
0Rlo Stattsr1a1,
PRINTED AND PUBLISHED BY
The Ohio Statesman Company
MONDAY MORNING, go JULY A
The Internal Revenue BiII.

The following are "a few of the principal
features of the internal revenue bill, as just
passed by both Houses Of Congress: .
In addition to the duties to be paid for
licenses, there Is to be paid on oil spirits
that may be distilled or sold, or distilled
first proof, on and after the first of July
next and prior to the first day of February,
1866, 81 so per gallon, and on and after the
1st of February, So; all spirits which may
be in the possession of the distiller, or In
the public stores or bonded warehouses, on
either the 1st of July or February aforesaid,
duty having been paid, shall be held and
treated as II distilled on those days respect
lively. Brandy distilled from grapes is to
pay a tax of % cents per gallon. On beer
the tax is one dollar per barrel. On illu-
minating gas, when the product shall be
not above 100000 cubic feet per month, the
duty is 10 cents per 1000 cubic feet; when
above 100000 and not exceeding 100000,
10 cents; above 100000 and not exceeding
100000, 20 cents, and above 100000, %
cents per 1000 cubic feet. The general av-
erage of the monthly product for the year
preceding the return required by this act is
to regulate the rate of duty imposed.
On the hulls as launched of all ships,
barks, brigs, schooners, sloops, sailboats,
steamboats,, canal boats, and all othor ves-
rigging hereafter built, made, constructed,
or finished, duty of per centum ad va
lorem is. imposed.
On cavendish, plug. twist, and all other
kinds ofmanufactured tobaooO, from which
the stem has been taken out in Whole OF 70
part, or which is sweetened, 30 cents per
pound; on smoking tobacco of different
kinds, Is and % cents; on tine-cut 80 cents;
cigarettes enclosed in paper wrappers, val
hu
each containing not more than 20 cigar
cites, 81 per hundred packages; those val
ued at over $5 are to pay the same duties as
are provided for cigars of like value; on ci-
garettes made wholly of tobacco and also
on cigars known as cheroots. or short SKIES,
valued in each case at not over $5per 1,0U,
SO per 1000; on cigars valued at over So,
and not over $l5, IS per 1000; over SIS and
not over $50, Sl5; valued at over $50 and
not over $45, $25 per 1000; at over $i5 per
1000, $40 per 1000. The valuation will in
all cases be by the value of the cigars eX-
elusive of the box.
On bullion in the lump, in the bar, or
otherwise, a duty of q of per centum ad
valorem.
All sales, transfers, exchanges, transpor-
tation and expectation of gold and silver as
sayed at any mint or by any private assay
er, unless stamped as prescribed by general
regulation, are declared unlawful.
A duty of 1-24th of one per centum each
month is required to be paid upon the aver
age amount of the deposits of money sub
ject to the payment by check or draft with
any person, bank association, or corpora
ton engaged in the business of banking,
and similar amount upon the average
capital stock invested in such business be-
yond the amount invested in United States
bonds, and duty of 18th each month up
/ on the average amount of such circulation
issued beyond the amount of 80 per cent.
of the capitalize average amount of the
| circulation for the SIX months preceding the
first of July next. Incomes in excess over
5000, not exceeding $4,000, pay duty of 8
per centum; in excess over $5.000 and not
exceeding $4,000, ~ per cent; and in ex-
cess over $l0,0 900, 10 per cent.
The points settled by the committee of
conference were many, perhaps three hum
dred in number, and each House concurred
| in the report after brief explanation of
several of the prominent features only.
| Among the changes in the bill, as original
| ly reported, blooms, slabs, or loops made
| directly from the ore are SO per ton, which
| is the same as railroad iron.
Iron castings used for bridges or other
| permanent structures, and stoves and hol-
low-ware and castings of iron, exceeding
ten pounds in weight for each casting, So
per ton. Cut nails, spikes and rivets, of
certain sizes, So per ton.