Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-03-09
OF all other kinds are made dutiable at
on nor cent a1 valorem

| ccyed In the preceding calendar year by
! every citizen Of the United States and
/ every person residing therein. Whether
said gains, profits. or income be derived
/ from any kind OF property. rents. inter-
est. dividends. or salaries, or from any
! profession. trade employment. or voca-
/ ton carried on In the United States or
/ elsewhere or from any other source what
/ ever. a tax Of per cent. on the amounts
/ so derived over and above 5000 and a like
/ tax Shall be levied, collected. and paid
/ annually upon the gains. profits and in
/ comes OF all property owned, and Of any
/ business trade or profession carried on
! IN the United States by persons residing
without the United States
in estimating those things which so TO
/ make up an income. in addition to the
I sales OF live stock. sugar, wool. etc, the
/ committee names cotton.
Proceeding along the line OF the House
| bin. changes are only made TO make the
| text clearer. and where "a word is'used
! capable Of leing construed to give dis
| cfetiouary power. the tense or the VeTD
Is changed to nuke it mandatory.
The requirement that accounting officers
must send In their lists within thirty days
/ after any dividends have become due ana
payable. is changed TO read 'On or before
the 10Th OF the month following that in
which sIch dividends become due ana
payable"
An important clause added provides
| that dividends or interest accruing 10
! States, or counties, or municipalities. ana
/ dividends. interest or annuities accrunS
to corporations or associations organ
3zed ana conducted solely for charitable
religious or educational purposes, or 10
any trustee or other iiduciary. on STOCKS
shares. funds. or securities held solely ior
charitable purposes. or salaries que 10
state. county. or municipal officers shail
not be subjected TO such tax or deduc-
ton.
The House bin made It obligatory upon
all corporations paying any employee
salary OF more than 5000 TO pay the
tax and charge ii 10 such employee Inc
S.nofe bin directs the corporations to
raport the salary paid. but gives the en-
plovee the right 10 act as his own IMAM
clal agent in this transaction.
In oxpunging the tautology found IN
tho House bin the Senate committee has
cut ont n number Of sections preserving
the essential points by Incorporating then
with sections which they have con1ehsed
and reaTranged.
HAWAII.
Section
| "rh,t the President Of ihe United
states shall. Immediately upon the pas
e,pe Of this act. give notice to the Gov
,rc,.nt Of the Hawaiian Islands that
tho United states intends TO terminate
I ,he treaty Of June g. 1873. made between
,b. t-n,tod states and his Majesty, the
KIM, If the Hawaiian Islands. as pro-
/ ,tt,1 I'm the nth article Cf said treaty.
and il is hereby further enacted 'ha'
,rcr the expiration Of twelve months
I from the time Of giving such nouce 'he
/ ,oiJ treaty shall he terminated, ana us
,rovisions cease TO be obligatory upon the
! contracting parties thereto.
In tho administrative features OF the
| tariff hil an important change IS ma'e
! I'm one particular. If any non-enuinera'ei
: article equally resembles two or more
enumerated articles I'm which dinerent
rates OF duty are chargeable, the uuty
10 he levied is that chargeable on inc
article which II resembles that paws
the lowest rate OF duty. ard not me
highest. as provided In the House blll'
II two or more rates are applicable 10 any
imported article, II must pay 'he lowest
duty. In regulating the invoice OF soods
imported. the Senate requires the inVolce
10 spccifv I'm detail all charges 'nere"ii,
instead Of the House provision, that II
"ircludcs al charges thereon.
Among miscellaneous articles changed
hv the bill unsiZed printing paper SUIT
able for books and newspapers Is re-
duced from l. to 10 per cent, ana ptrCn-
mont papers are increased from % 10 oV
nor cent The duty on imported playing
cards is reduced from 10 TO cents per
uock so as to correspond with the H.
ternal revenue tax. FIRE crackers arc
changed from s cents a pound 10 30 per
cent nd valorem. Gunpowder Is taNeu
n cor,s ad valorcn Matches are reduced
from o1 TO 10 pcr cent. Furs on the SKIN
lint not made up. are taxed ~ per cent
oJ yalorem. Fur hats and materials
ara raised from 20 - - per cent al
valorsm. Floor and Chinese mattln' are
made taxable at 20 per cent
HOUSE DEMOCRATIC OPINION.
The bin seemed to H. generally satis-
factory 20 the Democrats OF the house'
Mr.. Bynum. Of Indiana, VINO IS one Vi 'ne
members OF the Ways and Means COM
nitt..e said to-day: while a good many
changes have been made by the COM
mittee. only the placing OF coal lron-ore'
and sugar on the dutiable list are OF any
material interest l don't thihk tneSe
changes destroy the symmetry or the bar
monv OF the bill. In looking over 1t II
seems TO harmonize very well with the
House bill and | don't see why there
should be any difficulty in the way or
the two houses reaching a satisfactory
agreement | object 10 coal ana lroh-orc
being placed on the dutiable list, ana l
think that the duty on sugar Is higher
than IL ought to be. However. l am very
well satisfied with the bill, and l would
rather have it in its present shape than
no bill at all"
Representative MontG merry, Of Ken
tuckv. another of the Democratic MEM
bers OF the Ways and Means Commit
tee. said: Outside of the duties on sugar,
coal. and iron-Ore, | think II Is "A good
bill. although | have only had time To
Give il a cursory examination. How sver.
these items which | speak Of are better
than / expected they would be.
What will the House do with the bill?''
"If 1t passes through the Senate the
committee will be able TO reconcile what
ever differences may arise.
'sThe restoration In part OF the duty on
coal and iron-ore does not make so much
differences. The sugar duty ought 10 yield
Slj.OOO.OoO year. counting the SOOW,OOJ
which is saved on the bounty. What do
! think Of the bill? oh. | don't care, so
long as they pass IL quickly EVen II II
were worse than it is, and we had
speedy action on 1t, | would be better
satisfied with it than more complete
bill upon which actlOn was ucldyfu
lie thought a good many concessions
would have been made by both sides be-
fore the bill was agreed 10, but that in
the end 1t would be generally satisfac-
tory.
Representative Breckenridge. OF Arkan-
sas also one of the Democratic members
OF the Ways and Means Committee, ex-
pressed his regret that the duty had been
restored 10 some extent on sugar, COAL
and irOn-ore II would rather" he con-
tinuod. "the duty had remained as We
put II. instead OF being increased. l see
that the duty has been increased on col
lars and cuffs. We put the duty where II
was IN the act of 1885, and reduced the
duty on linen. on the whole, however
the Senate has performed It's work IN
very satisfactory manner. and 1 think
when The bill gets into conference that
some of the changes that are not entirely
satisfactory TO the Democrats OF uie
House may be -emedied.'
Representative Springer OF Illinois. said:
Il think IL unfortunate that coal ana
iron-ore should have been taken from the
free list. / strongly favor free raw ma
terlals at all times. l think. too. the
woOllen schedule ought not to have been
changed. IL was not satisfactory 10 me
as IL stood In the House bill. but the po-
ftt