The Portland daily press., 1870-07-21

The tax and tariff bill as passed by Con.
gress is expected to reduce the burden of tax
alton about $SOOOO,OOo It abolishes all taxes
on gross receipts, legacies, SUGGESTIONS, watch
es' carriages, gold and silver plate, billiard ia
bles, passports, salaries, banks and bankers;
the whole system of special or license taxes,
except those on brewers and distillers, and all
taxes on sales except those now paid by
stamps and those ON sales of leaf and manu-
featured tobacco, snuff, cigars, wines and lii-
uors. 1t also abolisbes the stamp tax on all
receipts, transfers of mortgage, notes for less
than 500, and canned and preserved fish,
The taxes that remain are those excepted as
herein noted as well 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 until next May, taxes on
sales not until October, and the others that
are abolished expire on tine first of Au, lst.
The income tax will be collected but two years
more, and at the rate of 2 IL per cent, with
$1,000 exemption. The tax on the salaries OF
government officials ceases the LIST of August,
and the difference to that date between ana
2 1-2 per cent. is to be deducted next spring.
In social or religious communities fve per-
sons are to be cor nted as family. The pub
LEGATION of income retui Is is positively pro-
hibited Two and one-half per cent. tax is
laid on dividends of incorporated banks, trust
companies, savings institutions, and all insur-
ance, railroad, steamboat canal, turnpike,
slackwater, gas, coal, mining, bridge and man
ufacturing companies, whether payable to cit
liens or non-residents. The interest allowed
deposltors in savings banks is not to be called
dividend. The consolidation of collection
and supervisorship districts and the discharge
OF needless officers is allowed to the Presi-
dent.
THE NEW TARIFF.
The new tariff rates 60 into effect on the
3lst of next December. The principal items
are tea Is cents pourd, coffee 8 cents, sub
stitutes for coffee cents, sugars from "a 10
cents, being about 25 per cent below pres
ent rates. Corsets 50 dozen when valued
at Sc dozen or less, and 80 per cent. al va
loren. Flax straw 81 ton. Undressed flax
500. dressed flax $40, hemp $55,jute SIS, iute
butts So, cotton baggng cents pound, pig
iron 81 ton; CIT scrap iron Sc; wrought
scrap iron SO; Bessemer steel / IA cent
pound; railway bars made in part of steel 1
cent; hair cloth for seating 40 cents a square
yard when eighteen inches wide, and 80 cents
when less than that width; Crinoline cloth 80
per cent ad valorem hair pms 80 per cent ad
NdlOiClu DIN UutlOIS VI uIcSS OTIldlleulS OU
per cent. ad valorem, nickle 30 cents pound,
nickel alloys 20 cents, German silver and 9TH
er mixed metals 45 per cent. ad valorem, live
stock 20 per cent ad valorem, oranges and
lemons 2Oper cent, pine apples, &C., 10 per
cent, neatsfoOt oil and all animal, whale, seal,
and fish oils 20 per cent, linseed 20 cents a
bushel, linseed oil 30 cents gallon, pe-seed
oil is cent apound, raw opium 81 a pound;
smoking opium So a pound morphia and its
salts, 81 an ounce; cotton thread, yarn, warps
or warp yarn, not wernd upon spools, wheth-
er single or advanced beyond the condition
OF single by twisting one or more single
yarns together, whether in beams or in bun
dies, skeirs or cops, or in any other form,
valued at not exceeding 40 cents pound, 10
cents pOund-valued at over 40 cents a
pound and not exceeding 60 cents pound,
20 cents a pound, valued at over go cents
pound and not exceeding so cents pound,
so cents pound,-valued at over so cents a
pound, 40 cents pound,-a in addition to
said rates of duly 20 per centum ad valorem.
There is an increase of duty on various
spices, and a new classification with increased
rates on foreign wines and cordials of all
kinds. The free list is greatly enlarged and
goes through about as it came from Mr.
Schenck's committee some weeks ago. Steam
plot gh 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 en-
try provisions go into effect the first of next
October, and extend to Boston, Providence,
Philadelphia, Baltimore, Norfolk, Charles
town, Savannah, New Orleans, Portland, Me-,
Portland, Oregon, Buffalo, Chicago. Cincin,
natti, st. Louis, Evansville, Milwaukee, Louis
vile, Cleveland, San Francisco, Memphis and
Mobile. AT each of these ports where there
is not now one, an appraiser is to be appoint-