Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1870-07-21
The National Tax Rill.

The NatlOnNt INK MILL
The long discussed Tax and Tariff bin
has finally passed both Houses of Cons
gress, and become law, While there
may be, and doubtless are many poin $
where it might be improved, it is on the
whole a sautary measure and will un>
dou6tedly prove of great benefit in nbol-
ishing and lcssening much GurdcnSome
taxation The reduction expected to be
reached by this act is estimated at $50
000,0O0 per annum The following is II
comprehensive text OF the bill
1t abol shes all taxes on gross receipts,
| legaGirs, succession, watches, carriages,
gold and silver plates, billiard tables, pass
/ ports, salaries, banks and bankers the
| whole sy stem OF special or license taxes;
except those PAID 10y stamps, and those
on sales OF leaf and manufactured tobuc.
/ co, snuff cigars, wines and liquors Ii
also abollshes the stamp tax on all re-
celpts, transfers of mortgages, notes for
less than one hundred dollars, and can.
ned and preserved fish The taxes that
remain are those excepted rs herein
noted, as well as the present taxes on
/ spirits, tobacco, gas lermented liquors,
| bank deposits, capital and circulation, in.
come tax, ana stamp taxes, except As u
! polished, Special taxes do not cease till
next May, taxes on sales not Till next Dc
tob,r, aud the others that are abolished
expire on the LIST, of August The ia
come tax is to be collected, but two years
omre and at the rate Of = per cent with
4 -, 900 exemption the tax on the salaries
! of Government officials ceased the lst, of
August, and the difference to that date
between and 2! per cent Is to be de-
Quoted next spring, In social or Ielig,
ious communities, five persons are to be
counted as a family The publication
ofincome returns is positively prohibited
| a - per cent tax is laid on dividends of
incorporated banks, trust companies,
savings institutions, and all insurance,
railroad, steamboat, canal turnpike, slack
uiacturlng companies, whether pavab Q
to citizens or non residents. Interest al
lowed ddpositors in savings banks is not
to be called dividends. The consolidation
OF collectorshlp and superyisorship dis
trlcts, and the discharge OF needless OIL
GERS is allowed to the President
The new tariff rates 20 into effect on
December l. The principal items are,
tea, 10 cents per pound; coffee, cents
substitutes fO. cotee,5 cents; nolrsses, D
4. cents; sugar from cent to cents, be-
Ing about 20 per cent below present
rates; corSets, - per dozen, or less, and
80 per cent at UatOrem when valued
over S. flax straw, 50 per ton undress.
ed flax, $40; hemp, $50 jute SD; jute
butts, So, cotton bagglng, : cents per
pound; pig iron, 81 per ton; cast scrap
iron, So wrought scrap iron, ~, Bes
semer steel, 4 cents per pound ) railroad
bars made in part Of Steel cent hairs
cloth Tor seating, 40 cents per square
yard when eighteen inches wIde-3U cts.
Wien less that than width crinoline cloth
=. 80 per cent ad ralorem hair pins, 80 per
cent at UdlOrem silk buttons, dress or
naments, % per cent. ad raiorem nickle,
80 cents per pound nckle alloy, ~
cents German silver and other mixed
metals, 40 per cent dd raiorem live
stock, 20 per cent ad calOrem oranges
and lemons, 20 per cent pine apples,
~ per cent ; neaIsfOot oil, and all ami
anal, whale, seal and fish oils, 20 per
cent llnseed, 20 cents per bushel In,
seed oil 80 cents per gallon; rape seed
OIL, one-haif cent per pound raw opium,
81 per pound sInoking opium, 50 per
pound; morphia salts, 81 per ounce
cotton thread, yarn, warps, or warp
yarn, not wound upon spools, whether
single or advanced beyond the condition
OF single twisting two or more yards to-
gether; whether in beams or bundles,
skeins or caps, or in any other form,
valued at not exceeding forty cents per
pound, 10 cents per pound--and not ex,
ceeding 60 cents per pound, - cents per
pound valued at 60 cents per pound,
and not exceeding 80 cents per pound,
80 cents valued lat over 50 cents per
pound, 40 cents per pound and in ad-
dition to said rates of duty ~ per cent
al ralorem There is an increase of
duty on various spices, and new classl'
flea ions, at increased rates on foreign
wines aud cordias of all kinds. The
fs, list Is greatly enlarged, and gees
through about as it originally came from
Schneck's Committee some weeks ago
Steam pillow machinery comes in free for
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 lst Of next October and
September, at Boston, Providence, Phil
adelphia, Baltimore, New Orleans, Nor
folk, Savannah Charleston, Portland, Me !
Portland, Oregon Buffalo, Chicago, Gin
cinuai 1T Iouis Evansville Cleveland,