The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1894-03-17

ing law.
SILK Schedule.
In the silk schedule, carded silk /!
changed from 25 cents per pound I'd u
per centum ad volorem; thrown ant
spun silk from 20 to IS per centum az
valorem. Silk laoes are reduced from
so to IS per centum.
GLAss SCHEDULE.
There are only four changes in the
glass and glassware products:
Plain green and colored. nodded or pressed
and Hint and lime glassware including bottles
walls and so forth are raised from 30 to 40 pei
centum ad valorem. AL articles of glass, cut
engraved. painted. colored. printed. stained
decorated. silvered or gilded. not including
plate glass silyered, or looking glass plates,
are raised from IS to 40 per centum ad valorem
All glass bottles, decanters. when cut, en-
graved. painted, colored. and otherwise deco
rated. or raised from IS to ~ per cent.
Unpublished cylinder, crown and common
window glass. not exceeding lax2I inches
square one ard Uie-eighth cents per pound
above that and not exceeding sIx3D inches
square. one and one-fourth cents per pound
above that and not exceeding 2lx35 inches
square. from one and three-e.ghths 10 one and
one-half cents per pound: all above that from
one and one-hllf TO one and five-eighths cents
per pound
TOBACCO SCHEDULE.
The schedule of the Wilson bill levy
ing Il tax of 81 per thousand on cigar.
cites wrapped in paper is stricken out,
and there is substituted n tax on cigars
of all descriptions, including cigarettes
weighing more than three pounds per
thousand, s5 per thousand; on cigar
cites wrapped in paper, 81 per thou
sand: and on cigarettes IN tobacco so
cents per thousand.
WHISKY SCHEDULE
Sections s.. So and 81 of house bill re-
lating to the whisky tau are stricken out
altogether and new provisions inserted.
On the frs; day OF the second month after
the passage OF the act there shall he collected
on all distilled spirits in bond at that time. or
that may he then or thereafter produced in the
United States on which the tax is not paid be-
fore that day. sl10 a proof gallon, or wine gal.
Ion when below proof. but in computing the tax
all fractional parts OF gallons less than
one tenth shall not be counted. Unless new
stamps can be ma lie the present issue is au-
thoriZed to be uscl That the tax herein i'm
posed shall be paid by the distiller Of the
spirits. on or before their removal from the
distillery or place of storage, except in case
the removal thcrefrOm without payment Of
tax is authorized hy law: and upon
spirits lawfully deposited in any dis
tillcry warehouse. or other bonded ware
housr. established under internal reve-
nue. laws within eight years from the date
of the original entry for deposit in any distil-
lcry warehouse. or from the date OF original
gauge OF fruit brandy deposited in special
bonded warehouse. except in case OF with
Grawal therefrom without payment OF tax as
authorized 10y law.
WarchOusing and transportation
bonds are required as under the pres
ent law. conditioned, however, for the
payment of taxes at the new rate and
before removal from warehouse and
within eight years.
Provision is made for collecting the
tax when any failure or refusal to give
warehouse bonds on original entry oc-
ours. Distillcrs are permitted, prior
to the expiration of four years of the
date of the original gauge as to fruit
brandy. or original entry as to all
other spirits, to have the same re-
gagged.
The commissioner of interval revenue
is authorized. upon the execution of
proper bond. to establish one or more
warehouses;. not exceeding ten in any
one district. TO he known as general
bonded warehouses. to he used ex-
clusively for the storage of spirits dis
titled from material other than fruit.
Provision is made for removal of
liquors from the distilling warehouse
to the general bonded warehouse, and
spirits can be withdrawn from transfer
from one general bonded warehouse TO
another but once. Distillcrs who have
given bond and only distilled spirits of
their own production in the original
packages with tax-paid stamps at
tached. are exempted from the pay
ment of the special tax of n wholesale
liquor dealer. The remaining proyis-
ions relate to detail, conviction and
punishment for violations of the law
THE INCOME TAN.
With the exception of changes in the
text and modification Of some of its
provisions, the income tax remains as
part of the bill. The language of the
first section is made clearer, and reads
as follows:
That from AMI after January /. 1895, there
shall he collected and paid annually upon the
gains. profits and income received in the pre-
ccdinS calendar year hy every citizen OF the
United States and every person residing there
in. whether said gains, profits or income lie
derived from any kind of property,
rents. interest. dividends. or sala,
ries, or from any profession, trade,
employment or vocation carried on in the
United States or elsewhere. or from any other 1
source whatever, Il tax OF > per cent. on the
amount so derived over and above Si.Oo0. and a |
like tax shall he levied. collected and paid an.
EuaIly upon the gains. profits and incomes Of
all property owned and OF any business. trade |
or profession carried on in the United States |
10y persons residing without the United States. |
In estimating those things which go to make
up an income in addition to the sales |
Of live stock. sugar. wool. etc, the commit
tee adds cotton. Proceeding along the line |
Of the house bill changes are only made TO
make the text clear and where 4 word is used
Of being construed to give 4 discretion
airy power, the tense of the verb is changed to |
make IL mandatory. |
In section 80, which says there shall
levied and collected a tax of = per |
on all dividends, etc. the commit
ltc SlIlhtS but tiC OWL ny. |
On all dividends. annuities and interest. |
paid by corporations or associations. organized |
for profit by virtue OF the laws of the Unitcd
or Of any states by means of
the individual stakeholder is in
any wise limited. in cash. scrip
or otherwise; and the net income Of all such
corporations in excess OF such dividends. an
nuities and interests, or from any other sources
whltever."
The requirement that accounting Off
ersmustsend in their lists withinthirty
days after any dividends become due
and payable is changed to read:
ON or before the 10th OF the month following
hat in ~e!cs s.ch dividends become due and
payable"
The provision of section 50, that
act shall not apply to the income
Or dividends received or paid by such
building and loan associations as are
organized under the laws of any state
Dr. territory, and which do not make
except to shareholders within the
state where such associations have been
organized, for the purpose of this
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