Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-06-10
CONFERREEs SUBMIT THEIR RE-
PORT TO THE HOUSE.
TOBACCO : TAX COMPROMISE.
Retroactive Clause ms IL Now
stands--The Bond IWue-Coinnge
OF silver BuIliOn-Tca Tax-Proprf-
etary Medicines-Etc.

specially provided Tor.
Tne TOBACCO scnedule IL as rollows:
''In lieu of the tax now imposed by law,
a tax of II cents per pound upon all to-
bacco and snuff, however prepared, man.
sumption or sale.
Upon. cigars and cigarettes, manu-
factured and sold, or removed for con-
sumption or sale, the following taxes to
be paid by the manufacturer:
Three dollars and sixty cents per
pounds per thousand.
"One dollar per thousand on cigars
Weighing not more than pounds per
thousand.
''Inree dollars and sixty cents per
thousand on cigarettes weighing more
than pounds per thousand.
zone dollar and fifty cents per thousand
on cigarettes weighing not more than
pounds per thousand.
provided. that in lieu of the 3, 3, and
4-ounce packages of tobacco and snufr
now authorized by law, there may be
packages thereof, containing l % ounces,
2l-2 ounces, 8 l-3 ounces, respectively;
thorized by law, there may be packages
containing l ounce of smoking tobacco
THE COMPROMISE.
The compromise proviso in regard TO
the taxation of stocks on hand is as fol-
lows:
There shall be assessed and collected,
with the exceptions hereinafter in this
section provided for, upon all the articles
enumerated this section which were
manufactured or imported and removed
from factory or custom-house before the
passage OF this act, bearing stamps affix-
ed 10 such articles for the payment of the
taxes thereon and cancelled subsequently
to April II. 1898 and which articles were
at the time of the passage Of this act
held and intended for sale by any per-
son. a tax equal TO oBe-half the difference
between the tax already paid on such ar
ticles at the time of removal from the
factory or custom-house, and the tax
levied I'm this act upon such articles"
Dealers having on hand less than 1000
pounds of manufactured tobacco, and 1900
cigars or cigarettes, on the day succeeding
the date OF the passage of the bill, are
relieved from the necessity of making re-
turns, and thus relieved from the neces-
sity of paying the tax.
For the expense connected with the
assessment and collection of the tobacco
taxes there is appropriated $4,000, and
the Commissioner Of Internal Revenue is
authorized 70 employ iRternal-revenue
agents i'm addition 10 the number now
authorized.
TAX ON DEALERS.
Dealers In leaf tobacco, whose annual
sales do not exceed 5000 pounds each are
TO pay IS; those whose annual sales ex-
ceed 5000 but not 100000 pounds, So; and
n their annual sales exceed 10000 pounds,
$2i. Dealers in other tobacco, whose an
nual sales exceed 5000 pounds, Sl2. Those
selling their own products at the place
OF manufacture are exempted from this
tax.
Manufacturers OF tobacco whose annual
sales do not exceed $1,000 pounds. So.
Manufacturers whose sales exceed So
600 and not 10000 pounds sl2.
Manufacturers whose sales exceed
100 O6D pounds S24.
Manufacturers OF cigars whose annual
sales do not exceed 10000 cigars, s..
Manufacturers whose sales exceed 1OO,-
900 and not 10000 cigars, Sl2.
Manufacturers whose sales exceed 2OO,-
Oo0 cigars. S24
ANY person who carries on the business
for which special taxes are imposed by
the act without having paid the special
tax Is made guilty of a misdemeanor, the
penalty being a fine OF from 500 TO 500,
or Imprisonment for not more than six
months, or both
II is provided that until appropriate
stamps are prepared and furnished the
stamps heretofore used to denote the pay
ment OF the internal revenue tax on fer
mented liquors. tobacco, SNUFF, cigars,
and cigarettes may be imprinted with a
suitable device to denote the new rate
of taxes. and shall be affixed to all pack
ages containing such articles on which
the tax imposed by the new act is paid.
BOND ISSUE.
The Secretary of the Treasury is au-
thOriZed 10 borrow on the credit Of the
United states, from time TO time, as the
proceeds may be required to defray eX-
penditures authorized on account of the
existing war (such proceeds when re-
ceived TO be used only for the purpose
of meeting such war eYpenditures), the
sum of SiO0,00o0O0 or so much thereof as
may be necessary, and 20 prepare and
issue therefor coupon or registered bonds
Of the United States. in denominations
of SO or some multiple Of that sum, re-
deemable in coin at the pleasure of the
United States, after ten years from the
date of their issue. payable twenty years
from such date, and bearing interest,
payable quarterly in coin, at the rate OF
3 rer cent. per annbm. The bonds are
to be first offered at par as popular
loan.
The conference added the following
proyiso: "That any portion OF any issue
of said bonds not subscribed for as above
provided may be disposed of by she Sec
retary of the Treasury at not less than
par under such regulations as ne may
prescribe, but no commissions shall be
allowed or paid thereon. and sum not
exceeding one-tenth OF per cent. OF the
amount of the bonds ana certificates here
in authorized s. hereby appropriated out
of any money in the Treasury not other
wise appropriated. TO pay the expense of
preparing, advertising, and issuing the
same"
COINAGE OF SILVER.
Following is the provision in regard to
the coinage of silver bullion:
The Secretary OF the Treasury Is au-
thorized and directed TO coin into stand
ard silver dollars, as rapidly as the public
interests may require, to an amount
however. of not lessI than one and one
| half millions of dollars in each month. ali
OF the silver bullion now I'm the Treasury,
purchased in connection with the provi-
| sions of the act approved July II. 1880, en-
| titled AN act directing the purchase OF
| silver bullion. and the issue OF Treasury
| notes thereon. and for other purposes ;
| and said dollars. when 80 coined, shall be
| used and applied In the manner and for
| the purposes named In said act.
TEA-TAX.
There shall be levied. collected. and paid
| unon tea. when imported from foreign
countries a duty of 10 cents per pound
| The changes regapding tea make the duty
operative with the act. instead OF July lst,
| as II passed the Senate.