Milford chronicle., 1883-03-16
THE INTERNAL REVENUE.
Provisions OF the New law Which Has
Been signed by the President.

The reductions Of special interest are
those on tobacco, and it is on the ques-
tion of rebate that possible confusion may
hereafter arise The conference COM
mitlee changed the law as it passed the
Senate in only three particulars. the
most important being the change of date
when the reduction of the tobacco tax
goes into effect from July /, 1888 to
May L:
SgcrIoN l. That the taxes herein
specified, imposed by the laws now in
force, lie, and the same are, hereby re-
pealed, as hereinafter provided, namely:
On capital and deposits of banks and
bankers and national banking associa-
tions, except such taxes as are now due
and payable, and on and after the first
day of July, 1888, the stamp tax ON
bank checks, drafts, orders and vouch-
ers, aud the tax on matches, perfumery,
medicinal preparations and other articles
imposed by schedule A, following sec
tion 3, 437 of the Revised Statutes pro-
| yi9ed that no drawback shall be allowed
upon articles embraced in said schedule
4 that shall be exported on and after the
/ first day of July, 1883 provided further
+ that ON and after May 10, 1888, matches
may be removed by manufacturers
thereof from the place of manufacture to
warehouses within the United States
, without attaching thereto the stamps re-
quired by law, under such regulations as
may be prescribed by the Commissioner
of Internal Revenue.
SEC. 2. That on ard after the 1st day
Of May, 1888. dealears in leaf tobacco
shall annually pay Sl2; dealers in manu-
faetured tobacco shall pay S240; all
manufacturers Of tobacco shall pay So;
manufacturers Of cigars shall pay So.
Peddlers of tobacco, snuff, and cigars
shall pay special taxes, as follows:
Peddlers of the first class, as now defined
by law, shall pay $50, peddlers Of the
second class shall pay Sl5, peddlers Of
the third class shall pay S720, and
peddlers of the fourth class shall pay
$500. Retail dealers in leaf tobacco
shall p~y $3.50, and 30 cents for each
dollar on the amount of their monthly
sales in excess of the rate of $500 per
annum; provided that farmers and pro- |
ducers of tobacco may sell at the place |
of production tobacco of their own
growth and raising at retail directly to |
consumers, to an amount not exceeding /
500 annually.
SEC. 3. That hereafter the special tax /
of a dealer in manufactured tobacco shall /
not be required from any farmer, planter
or lumberman who furnishes such tobacco
only as rations or supplies to his laborers
or employees, in the same manner as
other supplies are furnished by him to
them provided, that the aggregate Of
the supplies of tobacco so furnished by
him shall not exceed in quantity one
hundred pounds in any one special tax
wear, that is, from the first day of May
in any year until the thirtieth day Of
April in the next year; and provided
further, that such farmer, planter or
lumberman shall not be, at the time he is
furnishing such supplies. engaged in the
general business OF selling dry goods,
or other similar supplies, in
the manner Of a merchant or stOrekeeper,
to others than his own employees or la
borers.
SEC. 4. That on and after May 1, 1888,
the internal taxes ON snuff, smoking aud
tobacco shall be so cents
per pound, and on cigars which shall be
and sold or removed for {
or sale on and after the 1st {
lay of July, 1888, there shall be assessed
md collected the following taxes, to be
paid by the manufacturer thereof On
cigars of all descriptions, made Of to-
)acco or any substitute therefor, SO per
900; ON cigarettes, weighing not more (
han three pounds per l,000 so cents +
Der 1000; on cigarettes weighing more /,
han three pounds per thousand, S3 per
housand; provided that on all original s
nd unbroken factory packages Of smok- v
1g and manufactured tobacco and snuff, il
igars, cheroots, and cigarettes, held by
or dealers at the time
uch reduction shall go into effect, on u
rhich the tax has been paid, there shall "
70 allowed a drawback or rebate of the O
MI amount of reduction. But the same
hall not apply in any case where the 81
laim has not been presented within sixty
avs following the date Of the reduction,
nd such rebate to manufacturers may be G
aid in stamps at a reduced rate, and no G.
aim be allowed or drawback paid for a v
IS amount than $40. NJ
SEC. s. That on and after the passage !,
this act every manufacturer Of tobac-
o or snuff shall. in addition to all other
aquirtments Of law, pint ON each pack b
&c, or securely aflix 10y pasting on each r.
ackace containing tobacco or snuff z
by OF for him, label, on
'hich shall be printed the number of
be mauufaclory, the district and State 8
! which it is situated, and these words; lo
Notice.-The manufacturer of this to- ol
acco has complied with all the require &c
tents of law. Every person is cautioned, 8.
nder penalties of law, not to use this
ackage for tobacco again" 81
III
STocK BRoKERs. "A New York paper "a
speaking of the call for new Stock b,
xchange in that city says there is no pi
IL for such an institution. On the n,
.ry day on which that circular was IN
sued, it says, there were forty-fye A
-olers playing chess and dominoes in
e room adjoining the Exchange and II.
yeral hundred eating their heads off i
Offices near by, not to mention The i
rye contingent who were supporting !,
e different gin-mills in the neighbor. ~
lod Of Wall street. bl
He EXPLAINED. DIR. Sterns is the n,
dcst and most sedate physician in J,
rand Rapids He was seen to chase a fe
RI through the streets, seize her by the M
roat, force her into a close carriage, h,
d whirl away with her. A scandal L