The times. [volume] (Richmond, Va.) 1890-1903, 1894-03-09

existing law
cast-iron pipe Is reduced from % to ~ !
per cent Wood screws reduced from -
| 10 40 per cent. Potatoes are changed Ai'N'
ten cents per bushel specific 20 ~ pel !
cent ad valorem.
Fruits aud y getnbles.
Apples bananas, dates olives, and pine,
| apples are taken from the free list anu
| taxed - per cent ad yalorem. Pums'
! prunes, figs raisns and zante currents
all taxed 80 per cent. ad valorem Al
/ monds changed from five cents d pounu
| TO - per cent. filberts and walnutS
changed from specific duty to 25 per cent.
| ad valorem. Cocoanuts and Brazil nuts
taken from the free list and taxed % per
! cent. ad vaiorem. Peanuts changed from
| one cent a pound TO - per cent ad valO-
! rem. Nuts of all other kinds are made
! duuable at - per cent ad valorem. rreah
| beef mutton. and pork taken from the
| free list and taxed p per cent. al Nalo-
| rem. Poultry changed from two cents
| pound to 20 per cent. ad valorem. Cnlco-
| ry root from two cents per pound 10 -
| per cent ad valorem. Chocolate changed
| to 10 per cent ad valOrem Hemp burlaps
| Increased from 20 TO p x per cent ad
| valorem Flax nets and solnes Increased
| from 80 to 80 per cent.
| The Income Tax.
|
text and modification of some Of IT'S pro-
| visions the income tax remains as part OF
! the bill The language of the irst secnoh
is made clearer, and reads "a follows:
"That from and after January ], lolo'
| there shall he collected and paid annually
upon the gains. profits. and income re-
| ceiyed in the preceding calendar year Dy
| every citizen OF the United states, anu
| every person residing therein, whether sala
| lac derived from
any kind of property, rents, interest ul'l-
| dends or salaries. or from any profession
trade employment. or vocation carried on
in the United States or elsewhere, or IRON
any other source whatever, TAX OF
| per cent. on the amounts derived over
| and above 5000, and like tax shaH De
| levied. collected. and paid annualiy upon
the gains, profits. and incomes Oh an
| nropertv owned and OF any business
| trade. or profession carried on IN the
| United States by persons residlhs VIII
out the United States.
In estimating those things which go 10
make I'D an income, I'm addiuoh 70 tne
sales of live stock. sugar. WOOL, etc. lhe
committee adds cotton. Proceeding aiohs
the line Of the House BILL changes are
only made 20 make the text clear, ana
where a word is used capaDle OF neins
construed to give a discretionary power
the tense OF the Verp - c'""7'N ~ '''''''-
il mandatory
important Cause Added.
The requirement that accounting ofli-
GERS must send in their lists within thirty
davs after any dividends become que ana
pavable is changed TO read oh or Deioie
The lOih OF the month following that
i'm which such dividends become due ana
payable. ~, u.,.,ao..
,b.t dividends or interest accruing 10
states counties. or municipalities. ana
! dividends interest or annuities TO corpo-
ratjons or associations organized ana
conducted solely for charitable religious
or educational purposes, or To any uus-
tee or other judiciary, on stocks, shates'
| funds, or securities heid soieiy loI C"ai-
| liable purposes. or salaries due TO state
county. or municipal officers, shall not
be subjected TO such tax or deduction
The House bill made 1T obligatory upon
| all corporations paying amy employe a
! salary more than $4,000 TO pay the TAX
| and charge it to such employe. The SEN
ate bill directs the corporations 10 re-
| port the salary paid, but gives the en-
plOye the right 10 act as his own imam
ciaI agent in this transaction.
In expunging the tautology found in the
| House bin the Senate committee has cut
out number of sections, preserving
the essential points by Incorporating them
with sections which they have condensed
and rearranged
The Hawaiian Treaty.
Section lO5 Of the bill reads as toloWs'
That the President of the United states
shall Immediately upon the passage Oh
this act give notice 10 the HoNeii.ileI,
of the Hawaiian Islands that the United
states intends TO terminate the treaty
of Iune 8. 1875. made between the United
States and His Majesty, the King OF the
Hawaiian Islands as provided III thc
fifth article OF said treaty and II Is mere
bv further enacted that after the eNpia-
ton of twelve months from the time OF
| giving such notice the said treaty shah
be terminated and its provisions cease 10
be obligatory upon the contracting pariles
thereto. 49,,
In the administrative features OF the
tariff bin an important change Is maze
in one particular. If any non-ehumeI"'eu
| article enualv resembles two or more
enumerated articles in which dlheIeht
rates of duty are chargeable, the uu'S
10 he levied is that chargeable on the
article which it resembles that pays lhe
lowest rate Of duty and not the hlshes,'
as provided in he House bill. III TWO OF
more rates are applicable TO any imported
article ii must pay the lowest duly' III
regulating the invoice Of goods imported
the Senate requires the invoice TO specify
| in detail all charges thereon. instead
Of the House provision, that II Incl unes
all charges thereon
Among miscellaneous articles changed
by the bin unsized printing paper suita-
bic for books and newspapers, Is re-
duced from Il 10 10 per cent; parchment
papers are increased fOm . TO 80 per
cent The duty on imported playing cards
is reduced from ten TO two cents per
pack so as to correspond with the IN
ternal revenue tax. Fire crackers are
changed from eight cents a pound TO 80
per cent ad Valorem Gun powder IS
taxed ten cents ad valorem. Matches
are reduced from 20 TO 10 per cent. furs
on the skin, but not made up, are taxed
20 per cent. al vaOrom. Fur hats and
materials raised from 30 20 a5 per cent.
ad valorem. Floor and Chinese mating
3 made taxable al - per cent
Views Of Congressman
The bill seemed to be generally salts
factory to the Democrats of the House.
Mr.. Bynum. of Indiana, who is one of
, the members OF the WAYS and Means
Committee, said to-day. while q good
many changes have been made by the
committee only this placing coal. iron
, | ore and sugar on the dutabie list are
of any material interest. I don't think
these changes will destroy the symmetry
, or the harmony Of the bill I'm looking
4, over II IL seems 10 harmonize very well
| with the House bill. and / don't see why
there should be any difficulty I'm the
r way OF the two Houses reaching a salts
oh.