Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1878-04-04

lo'o.' 631, 7oI, S92
The reduction of debt for March and
since July l, 1877, includes 50, sos, 800
Geneva award bonds cancelled.
REVENUE RECEIPTS.
The internal revenue receipts for
March show falling off from the cor
responding month of 1877 of over 81
100000. The receipts for the past eight
months show reduction of $54, 500, 900.
SILVER DOLLARS.
To the close of March one million
dollars had been coined. Arrange
ments are completed under which dur
ing April the Philadelphia mint will
turn out $1,750,000.
MEXICO.
The Mexican recognition questions
are likely to come before both houses
of congress in the course of few days.
THE TAX ON WHISKY.
Associated press telegrams from
Washington under date of March 29th,
say the president on the recommenda-
ton of Commissioner Raum, has ap-
proved the joint resolution providing
that the tax on all distilled spirits here
after entered for deposit in distillery
warehouses shall be due and payable
before and at the time the same are
withdrawn therefrom, and within three
years from the date of entry for deposit
therein. In case of non-rayment of the
tax on any distilled spirits within one
year from the date of the original ware
housing bond for such spirits, interest
shall accrue upon said tax at the rate
of per centum per annum from and
after the expiration of said year until
the tax shall be paid.
THE TOBACCO TAX.
The cOmmitte on ways and means
had under consideration to-day the in
ternal revenue tax bill, and agreed to
the clause fixing the lax on tobacco at
16 cents per pound. This action is
liable to be changed The committee
also agreed to reduce the tax on cigars
from $6 to S. per thousand, and the
rate on cigarettes weighing less than
three and a half pounds was fixed at
$1.25, and upon those weighing over
three and half pounds at S. per box.
NO INCOME TAX.
The ways and means committee dis
cussed to-day the proposition to re-en-
act the income tax. The committee
has a bare majority against the propo-
sition. The following members are
against the tax Messrs. Wood, Kelly,
Garfield, Sayler, Banks and Phelps.
The remaining members, being from
the south and west, are in favor of the
tax, namely: Messrs. Tucker, Robins,
Harris, Gibson, and Blanchard.
TO INCREASE THE U. S. SUPREME COTRT.
A Washington dispatch of March
2Sth states that Alexander III. Stephens
has introduced a bill providing for an
increase of the supreme court of the
United States from nine members, as at
present constituted, to fifteen members,
who are to be divided into five sections,
Of three each, and shall divide the bust
ness of the court among the several
sections as follows: One taking all
cases involving commercial law, bank
ing, and conflict of laws; the next tax
ing cases of admiralty, criminal cases,
claims upon foreign governm ents, and
insolvent laws; number three taking
all cases involving patents, wills, es-
tates, copyrights, ejectments, public
lands; number five taking all cases in
volving taxes, chancery, federal duties,
and revenues, uses and trusts, manda-
mus practice. Under Mr.. Stephens
bill, all cases exceeding $500 involved
can be brought to the supreme court;
all cases of riginaljurisdiction, of trea-
ties under the laws and authority of the
United States. in which the United
States or any of the states may be a
party, er any appeals from state courts
on constitutional questions shall be ar
gued before the entire bench of the
fifteen judges: as at present. Mr.. Ste
phens has submitted his bill to the JUS
tices of the supreme court and they
have promised an opinion upon it.
.