The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1870-07-30

came from the Conference Com.
mittee, passed both Houses oi
Congress on Wednesday last. II
is expected to reduce the burden
Of taxation about eighty million
dollars. 1t abolishes all taxes on
gross receipts, legacies. success
sions, watches, gold and silver
plate. billiard tables, passports
salaries, banks and bankers, the
whole system of special or licen sc
taxes except those on brewers and
distillers, and all taxes on sale
except those now paid by stamps
aud those on sales of leaf and
manufactured tobacco, snuff,
cigars. wines and liquors. II
also abolishes the stamp tax on
all receipts, transfers Of mort
cages notes for less than one
hundred dollars, and canned and
preserved fish. The taxes that
remain are those excepted as here
in noted, as we'll as the present
taxes on spirits, tobacco, gas, fer
ment' 4 liquors. bank deposits,
capital ami circulation, income
tax, and stamp taxes except as
abolished. The special taxes do
not cease till next May, the taxes
on sales not til next October, and
others that are abolished expire on
the first Of August The income
tax is to be collected but two years
more. and at the rate of two and a
half per cent, with two thousand
dollars exemption. The tax on
the salaries Of government officials
ceases on the first of August, and
tue difference to that date hetwe cen
five and two and a half per cent
is to be deducted next spring. In
social or religious communities
five persons are to be counted as
family. The publication of in
come returns is positively prohibit.
ted. Two ar d half per cent. tax
is laid on dividends of incorpor-
ated banks, trust companies. saw
ings ins s'itutions, and all insurance.
railroad, steamboat, canal, turn
pike, siackwater, gas, coal, mining
bridge and manufacturing compa-
MES, whether payable to citizens
or non-residents. Interest allowed
depositors in savings banks Is not
10 be called dividend. The con-
solidation of collection and super
visorship districts and discharge
of needless officers is allowed to
the Preside:t.
The new tariff rates go into eff
feet on the 3lst of next December.
The principal items are tea, fifteen
cents per pound; coffee, three cents;
substitutes for coffee, five cents;
moiasses, five cents; sugars, from
one and three quarters to four
cents, being about twenty-five per
cent, below the present rates, cor
sets, two dollars per dozen when
valued at six dollars per dozen, or
less, and thirty five per cent. ad
Uofo1ena when valued at over six
dollars; flax straw. five dollars per
ton; undressed flax, twenty dollars;
dressed flax forty dollars; hemp,
twenty-five dollars jute, fifteen
dollars; jute butts, six dollars; cot
ton bagging, two cents per pound;
pig iron, seven dollars per ton;
cast scrap iron, six dollars;
wrought scrap iron, nine dollars,
Bessemer steel, one aud a quar-
ter cents per pound; railway bars,
made in part of steel, one cent;
hair cloth for seating, forty cents
per square yard when eighteen
inches wide, and thirty cents when
less than that width: crinoline cloth,
thirty per cent. od eatorem;. silk
buttons or dress ornaments, fifty
per cent. od valorem, nickel, thirty
cents per pound +; nickel alloy,
thirty cents; German silver and
other mixed metals, forty-five per
cent. ad ualOrem, oranges and lem
ons, twenty per cent; live stock,
twenty per cent. dd Valorem; pine
apples, &c, ten per GEN.; meats
foot oil and all animal, whale. seal
and fish oils, twenty per cent; lin
seed, twenty cents per bushel; lin
seed oil. thirty cents per gallon;
rape seed oil, one half cent per
pound, raw opium, one dollar per
pound; morphia and its salts, one
dollar per ounce; cotton thread,
yarn, warps or warp, yarn not
wound upon spools, VIII ether single
or advanced beyond the condition
Of single by twisting two or more
single arms together, whether on
beams or ir bundles, skeins or
cops, or in any other form, valued
at net exceeding forty cents per
pound; valued at over forty cents
per pound and not exceeding sixty
cents Per pound, twenty cents per
pound, valued at over sixty cents
per pound and not exceeding
eighty cents per pound, thirty
cents per pound; valued at over
eighty cents per pound, forty cents
per pound, and in addition to said
rates OF duty twenty per cent. ad
Uolorena.
There is an increase Of duty on
various spices. and new classifica-
ton, with increased rates on for
eign wines and cordials of all
k nds. The free list is partly en-
larged, and goes through about as
it originally come from Sc .enck's
committee some weeks ago. Steam
plow machinery comes in free for
two years. Tonnage duties on
vessels owned by our own citi-
zens are abolished, as are also du-
ties on boats. barges and fats The
new port of entry provisions go