Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1870-07-21
Tho Tax and Tarin Law.

cOHIultttt, Is cApcSOSO ~ ACuuSO ehS
burden of taxation about eighty million
dollars. 1t abolishes all taxes on gross
receipts, legacies SUGGESTIONS, watches,
gold and silver plate, billiard tables,
passports, salaries, banks and bankers
the whole system of special or license
taxes except those on brewers and dis
tillers, and all taxes on sales except those
on sales of leaf and manufactured to-
bacco, snuff, cigars, wines and liquors
1t also abolishes the stamp tax on all
receipts, transfers of mortgages, notes
for less than one hundred dollars, and
canned and preserved fish,. The taxes
that remain are those excepted as herein
noted, as we'll as the present taxes on
spirits, tobacco, gas, fermented liquors,
bank deposits, capital and circulation,
income tax, and stamp taxes except as
abolished. The special taxes do not
cease till next May, the taxes on sales
not till next October, and Others that
are abolished expire on the lst of August.
The income tax is to be collected but two
years more, and at the rate of two and
half per cent, while two thousand
dollars exemption. The tax on the sal
aries of government officials ceases on
the first of August, and the difference to
that date between five and two and q
half per cent. is to be deducted next
spring. In social or religious communi,
ties five persons are to be counted as a
family. The publication of income re-
turns is positively prohibited. Two and
o half per cent. tax is laid on dividends
of incorporated banks, trust companies,
savings institutions, and all insurance,
railroad, steamboat, canal, turnpike,
slackwater, gas, coal, mining, bridge and
manufacturing companies, whether pay
able to citizens or residents. In
terest allowed depositors in savings
banks is not to be called dividend
The consolidation of collection and su-
pervisorship districts and discharge of
needless officers is allowed to the Presi-
dent.
The new tariff rates go into effect on
the 3lst of next December. The prin-
cipal items are tea, fifteen cents rer
pound; coffee, three cents; substitutes
for coffee, five cents; molasses, five cents;
sugars, from one and three-uuarters to
four cents, being about twenty-five per
cent. below the present rates; corsets,
two dollars per dozen when valued at
six dollars per dozen, or less, and thirty
five per cent. dd vdlOrens when valued
at over six dollars; flax straw, five dol
lars per ton; undressed flax, twenty dol.
lars; dressed flax, forty dollars: hemp.
twenty-five dollars; jute, fifteen dollars:
jute butts, six dollars; cotton bagginp
two cents per pound; pig iron, seven
dollars per ton; cast scrap iron, six dol
lars; wrought scrap iron, nine dollars:
bessemer steel, one and quarter cents
per pound; railway bars, made in part
of steel, one cent; hair cloth for seating.
forty cents per square yard when eight
cen inches wide, and thirty cents when
less than that width; crinoline cloth.
thirty per cent, ad valorem; silk buttons
or dress ornaments, fifty per cent. od
vatoren;; nickel, thirty cents per pound;
nickel alloy thirty cents; German silver
and other mixed metals, forty-five per
cent. od Odtoren,;' live stock, twenty per
cent. al Odtoren1; oranges and lemons,
twenty per cent: pine apples, &C.. ten
per cent? meats foot oil and all animal.
whale, seal and fish oils, twenty per
cents; ilnseed, twenty cents per bushel;
iinseed oil, thirty cents per gallon; rape
SEED OIL, one half cent per pound; raw
opium, one dollar per pound; smoking
opium, SIX dollars per pound; morphia
and Its salts, one dollar per ounce; cot
ton thread, yarn, warps or warp, yarn
not wound upon spools, whether single
or advanced beyond the condition of
single by twisting two or more single
yarns together, whether on beams or in
bundles, skeins or cops, or in any otner
form, valued at not exceeding FORTY
cents per pound, ten 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 ad-
dition to said rates of duty twenty per
cent. dd UaLorens.
There is an increase of duty on yari.
Gus spices, and new classification. with
increased rates on foreign wines and
cordials of all kinds. The free list is
partly enlarged, and goes through about
as it originally come from Sche enck's
committee some weeks ago. Steam
plow machiney comes in free 1or two
years. tonnage duties on vessels owned
by our own citizens are abolished. as are
also duties on boats, barges and flats
The new port of entry provisions 90
into effect on the first of next October,
and extend TO Boston Providence, Phila-
delphia, Baltimore, Norfolk, Charleston,
New Orleans, Portland, Me-;
Portland. Oregon; Buffalo, Chicago,
waukee, Louisville, Cleveland, San
Memphis and Mobile. At
each of these ports where there is not
now one, an appraiser is to be appointed
at salary of three thousand dollars,
with such weighers, gaugers, inspectors,
&C., as are necessary.