Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1870-08-02
SEXES GaR Vol. %, NO. 20.
NATIONAL TAX BILL.
FinaI Passage OF the Tax and Tariff Bill by
Congress--Important Changes and Provisions.
From the Chicago Evening Journal.

NAohiNVfoh, July 10.
Both Houses to-day passed the
long discussed Tax an Tariff bill. 1t
is expected to reduce the burden OF
taxation about S90,000,000. 1t abol-
ishes all taxes on gross receipts, leg
acies, SUGGESTIONS, watches carriages,
gold and silver plate, billiard tables,
passports, salaries, banks aud bank
ers the whole system of special or
license taxes; except those paid by
stamps, and those on sales of leaf and
manufactured tobacco, snuff, cigars,
wines and liquors. 1t also abolishes
the stamp tax on all receipts, trans
fers of mortgages, notes for less than
one hundred dollars, and canned and
preserved fish The taxes that re-
main 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, Special
taxes do not cease till next May,
taxes on sales not till next October,
and the others that are abolished ex-
pire on the LIST of August. The in
come tax is TO be collected, but two
years more and at the rate of - per
cent with $4,000 exemption the
tax on the salaries Of Government
officials ceases the LIST of August, and
the difference, to that date between
. and y per cent. is to be deducted
next spring. In social or religious
communities, five persons are to be
counted as a family. The publica-
ton of income returns is positively
prohibited. A q per cent. tax is laid
on dividends of incorporated banks,
trust companies, savings institutions,
and all insurance, railroad, steam
boat, canal, turnpike. slackwater,
gas, coal, mining, bridge and manu-
featuring companies, whether paya-
Bile to citizens or non-residents. In-
terest allowed to depositors in savings
banks is not to be called dividends.
The consolidation of collectorship
and apprenticeship districts, and the
discharge Of needless officers is allow
ed to the President.
The new tariff rates go into effect
on December l. The principal items
are tea, 10 cents per pound coffee, 3
cents substitutes for coffee, 5 cents !;
molasses, 5 cents; sugar, from II
cent to cents, being % per cent.
below present rates; corsets 50 per
dozen, or less, and 80 per cent. ad
UaLorem when valued over Sc; flax
straw, 50 per ton undressed flax,
$40; dressed flax, $40; hemp, $40 ;
iutes SIS; jute butts, Sc; cotton bag
ging, 2 cents per pound pig iron,
81 per ton; cast scrap iron, Sc /;
wrought scrap iron, 80; Bessemer
steel, 1t cents per pound railroad
bars made in part Of steel, ct. hair
cloth for seating, 10 cents per square
yard when eighteen inches wide
80 cents when less than that width 4;
crinolino cloth, 30 per cent. ad Ualo-
rem hair pins, so per cent. dd palo-
rem silk buttons, dress ornaments,
so per cent. adj vaI0rem; nickle, 80
cents per pound; nickle alloy, 20
cents German silver and other mix
ed metals, 10 per cent. ad UaIOrem /;
live stock, 20 per cent. ad rdlorem /;
oranges and lemons, 20 per cent. /;
pineapples, 10 per cent. neatsfoot
oil, and all animal, whale, seal and
fish oils, 20 per cent. linseed, 20
cents per bushcl linseed oil, 80 cents
per gallon rape seed oil, one-half
cent per pound ; raw opium, 81 per
pound smoking opium, Sc per
pound nnorphia salts, 81 per ounce ;
cotton thread, yarn, warps, or warp
yarn, not wound upon spools, wheth-
or single or advanced beyond the
condition Of single, by twisting two
or more single yarns together
whether in beams or in bundles,
skeins or caps, or in any other form,
valued 40 not exceeding 40 cents
per pound, 10 cents per pound, and
not exceeding 60 cents per pound,
90 cents per pound valued at over
GO cents per pound, and not exceed
ing SO cents per pound, 40 cents pei
pound and in addition to said rates
of duty 20 per centum ad cdlOren,
There is an increase Of duty on vari
GUS spices, and new classifcations
with increased rates on foreign
wines and cordials of all kinds. Tn,
free list is greatly enlarged, and goes
through about as it originally came
from Schenk's Committee som,
weeks ago. Steam pillow machinery
comes in free for two years. Ton
mage duties on vessels owned by GU
own citizens are abolished, as are al
so duties on boats. barges and flats