The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1883-03-22

nue, is apparent, by about S11 100000 per an
num- 1t is claimed in some quarters that the re
mission dates back to the last semiannual bank
statements, but this Will hardly hold, nasmuch as
in the of the private banks for instance, the
| taxes, though paid semi-annually, are calculated
by the month. The Attorney General, however. has
been called to decide whether the exemption IS
retroactive or not.
1t further appears from section that on July l
'the stamp tax on bank checks drafts orders and
vouchers, and the tax on matches, perfumery, med
1clnal preparations and other articles in certain
schedule in the Revised Statutes will be thrown or
The 'other ARTICLES cosmetics of every kind as
we'll as perfumery, tapers, cigar lights and
playing cards. The receipts last year under these
heads follows:
Bank checks '........s9 8ls as
Patent medicines, cosmetics PERU uery,
1,97S,3e5
s7,569, los
Hero IS further outright remission Of 81, 10000
year-taxes which principle are the least OBJ
jectonable Of any and In practice are unexception
able, save In the of matches. The mp taxes
Cypress nobody and collect themselves. The match
tax even Is not burdensome, but has come to be
hated because 1t is the mainstay of gigantic mo
| nopoly.
The seco nd section reduces the special taxes I'm
posed on manufacturers and dealers in tobacco and
and tobacco products, to take effect May l. All
special taxes become due in advance May Of each
year, SO that the change of will apply to the
next payment. No tell to what extent these
reductions will affect the revenue. The new rates
are, in general about half high as those now In
| force.
| proviso of the second section ordains that
"farmers and producers of tobacco may sell at the
place production tobacco Of their growth and
raising retail directly to consumers, to amount
not exceeding 300 annually" Section authorizes
farmers and others furnish tobacco to the amount
of 100 pounds per to their laborers, they
furnish other supplies, without paying the special
tax required Of dealers in manufactured tobacco
provided they not general merchants as well as
farmers. These provisions quito likely TO play
| the mischief with the tobacco tax. The limits OF
800 and 100 pounds will not be Observed and can
not be enforced. Large quantities Of the weed are
sure to be consumed after home manufacture only,
without payment tax and the result Will be much
loss both to the revenue and to manufacturers and
dealers who pay another tax on this article
The law does not say plainly whether the grant of
these privileges takes effect Immediately, or not
| till May 1.
| The fourth section, which goes into operation
May 1, reduces the tax manufactured tobacco
| and snur from i6 cents to 8 cents per pound on
cigars from So to So per thousand on cigar cites
weighing over three pounds to the thousand the
same amount, and on lighter cigarettes from 81 rs
| to SO cents per thousand. This is reduction Of
just onehalf, save IN the last item Its effect on
the revenue problematical the loss viii certainly
| not be one-half. The following table shows the
amounts of revenue derived from the tobacco items
! Loaf