The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-03-04
FROM WASHINGTON.
The New Revenue Law.

SN.,n nr This act there shall be levied
Inc Fsn"n,od IN all distilled spirits there
an" oa,,ccd in the United States a tax OF
"N' .onte on each proof.gaon. or VINE
"'n,'. ,shcn below proof, TO be paid by the
Sa, ,,," n,yncr. or perSan having possession
..,aar before removs! from the dlsti'tcry
,rndod warehouse; and so much OF sectlon
.,:I NJ tho revised statutes of the Unlted
S.-,,.s nc is inconsistent herewith Is hereaS
section .. That section S.36S ell the re-
,;,ca statutes he, and the same Is HEREBY,
omended by striking out the words 'tWeh-
.r cnn,s q onupt." and inserting in teu
tLoreof the words "twenty-four cents 4
,tonnd. :, and that section 1894 OF the re-
USED statutes be, and the same Is here''y.
smcrded BY striking out the word " I'VE
where il occurs therein. and Inserting III
lion thereof the word "six," and By striking
oft the word fifty and inserting instead
thereof the words "seventy.hVc FRO
r,3cf That the increase oil tax herein profl-
dcd for shall not apply 10 tobacco on which
,hc fax under existing laws, shall have
l.rru Maid when this act lakes eject: ana
.>.[r;fcd f,,,ttcr. That whenever it shall be
shown 10 the satisfaction OF 'hc Secretar! oi
me Treasury, by testimony under oath, that
anN person IliDC " p'N thN ''N'~''
This section, had. prior 10 the 10th day OIL
Fn,ru,rv 1871. made contract for the fu-
ture delivery of Surh tobacco. cigars. ana
cigarettes. nj fixed price. which contract
was in writing prior 10 that date, such to-
hacco NAV be delivered TO the contracting
narty entitled thereto, under special permit
from the Commissioner Of Internal Revenue
provided therefor. without previous payment
Of such additional tax, but this said addi'
iionai tax shall be lien thereon and shall
nc paid by and collected from the purchaser
under such contract before the sale or re-
moyas thereof by him, and when demanded
nr the collector of internal revenue for the
district To which the same shili be removed
for delivery to the purchaser and any such
removal by such purchaser prior to the pay
,ucnt OF such tax shall subject him and such
,ohcco so sold or removed 10 all the penal
ties and processes of law provided in the
ease of manufacturers Of tobacco SO selling
or removing tobacco to avoid the payment
Of the tax.
Section 8. That all molaSSes, concentrated
mo!asses ttank- bottonS) syrup OF sugar. cane
iIice meada. and on sugars according to the
Dutch standard in color, imported from
foreign countries, there shall be LEVIED, COL
lected, aud paid. in addition to the duties
now imposed in schedule So section IOWA
of the revised statutes, an amount equal to %
per centum of SAID duties as levied upon the
several articles and grades therein designa-
ted Prorided, That concentrated melada or
concrete shall hereafter be cla>sed a sugar, du-
table according TO color By the Dutch stand
ard, and mcada shall be known as an article
made in the process Of sugar -makln", being
the cane Juice boiled down to the sugar
point, and containing all the sugar and mo.
iasscs resulting from the boiling process OF
purifying aud clartication, and any and all
products Of the Sugar-canc imported IN
bags shall be considered sugar and dutiablc
;,s such: And pr0uided further, That Of the
drawback on refined sugar allowed by sec
ton 3,0l9 of the revised statutes Of the Uni
led States only one per cent. of the amount
50 allowed shall be released by the United
States.
Section 4. That so much Of section 2,503
Of the revised statutes As provides that only
ninety per cent. of tie several duties and
rates of duty imposed on certain articles
therein enumerated by section 1904 shall be
levied, collected, and paid. be and the same
is hereby repealed; and the several duties
and rates Of duty prescribed i'll said section
2.jO4 shall be and remain as by that section
levied, without abatement OF per cent, Is
provided by section 2,503.
section 5. That the increase Of duties pro-
yided by this act shall not apply to any
goods, wares, or merchandise actually on
ship-board and bound to the United States
on the 10th day OF February, 1915, nor on
any such goods, wares, or merchandise on
deposit in warehouses o" public stores at the
date Of the passage Of this act.
Section 6. That nothing contained in the
act entitled an act to amend existing custom
and internal revenue laws, and for other
purposes, approved February s, 1875, shall
l." construed to impose any duties Oh boiling
cloths heretofore admitted free Of duty, nor
70 require the Use of stamp upon the re-
ceiPt in the rcccipt-book of saving bank or
institution for savings, having no capital
-t0ck and doing no other business than re-
cc,ving deposits to he loaned or invested for
the sole benefit of the parties making such
deposits without proper compensation 10
the association or company when money is
paid 10 dcpOstor on his PAST book.