The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1898-07-01
HOW WE PAY
THE FREIGHT.
Synopsis ofthe War Reve-
nue. Bill.
1T GOES INTO EFFECT TODAY.
Pumping Shot and Shell at the Spaniards
is Costly, and the People Must Pay For
the Peppering.

WASHINGTON, June 2S.-July the
people will be made aware that an
war is in progress. A tax
more or less burdensOme will be i'm
posed upon nearly every business
no matter how neces-
sary or innocent its character. Every
bond or certificate of Indebtedness
issued by company or corporation
will be taxed cents on every 500
of face value, and every transfer of
stock can be accomplished only by
pasting on the evidences of these
transactions stamps amounting to 2
cents for each 500 face value. When
ever sale or agreement to sell any
products or merchandise for present
or future delivery is made, stamps
must be Cancelled | cent for every
500 in value of such sale. When a
bank check, draft of certificate of
deposit is presented for payment it
must bear 2-cent stamp.
Every bundle sent by express or
freight must have a l-cent stamp.
Telephone companies must keep ac-
counts of messages or conversations.
for which there is a charge Of 10
cents or over and must pay the Gov
ernment cent for each message. In
addition to fees of Notaries Public
signing bonds, guaranteeing faith
full performance of duty, the sigDers
must see that 90 cent stamp is at
tached. Whenever a ship is char
tered that charter must bear a SO
stamp for tonnage less than 300 tons,
a So stamp for 300 and 900 tons; $40
stamp over 600.
Nearly all kinds of contracts are
taxable. A brokers' note, or memo
randum of sale of goods must be or
namented with 10 cent stamp; any
deed whereby land or improvements
are sold or transferred is taxed at
the rate of 30 cents for each $500. A
telegram must have l cent stamp.
The entry of goods in Il warehouse
must be accompanied by a 25-cent
stamp if of a value of less than 800;
50.cent stamp between 500 and
$500 and 81 stamp if in excess of
$500.
When goods come out of bonded
warehouse they must bear another
stamp with face value of 30 cents.
All kinds of insurance will be sub
ject to taxation, except such insu-
rance concerns as are run on plan
If cooperation, which does not
yield a profit to those not insured.
For each 500 of life insurance
taken out there is tax Of s cents, so
that the tax on the usual $1,000
policy will be 80 cents; marine, in.
land, fire, casualty, fidelity and
guarantee insurance must pay tax
equal to One-half of | cent on each
dollar of the premium charged
Every lease for the rent of land or
houses il for one year will be
stamped with 25.cent stamp; if be-
tween one and three years. 30 cents
and over three years 81. Mortgages
a 20 cent stamp between $1,000 and
$1,000, and with another similar
stamp for each $500 additional.
1t has been estimated that $l00,000,.
600 is spent annually by Americans
travelling abroad. In the future
these travellers must have their pas
sage tickets stamped. 1t will take &
81 stamp if the ticket carrying then
from the shores of America costs
more than $50, SO If costing betw eel
$50 and $36, and So if costing more
than $50.
1t has been common for people tt
give proxies for voting at election
of officers of corporations or associa
tions. In the future such proxies
can be successfully challenged i
they do not have attached to them
l0.cent stamp. Exceptions are
made in the cases Vt proxies Tor vOt
ing for officers of religious, charit
able, literary societies and officer
of public cemeteries.
Powers of attorney for the sale o
renting of real estate, stocks, bonds
etc., are taxed at higher rate; i
such cases 25-cent stamp will b
necessary.
People do not like to have thei
notes protested. Such a proceedin
not only Injuries the credit of tn
party making the note, but it cost
: something; in the future it will cos
| still more, for Uncle Sam must &c
Z % cents whenever such action
! taken.
5 Proprietary medicines are taxed
l but physicians prescriptions are e>
} empt from taxation.
Perfumery, cosmetics and othe
similar articles are taxed accordin
/ to the retail price.
Chewing gum is taxed per cen
S on its retail price. Sparkling {
t other wine, when bottled, are take
= one cent per pint or less; two cent
f for bottle containing more than
r pint.
2 Corporations or individuals refl
2 ing sugar or petroleum, or runnin
J, pipe line, whose annual receipts al
}, over $250,000, will pay one-fourth
/ per cent on their gross receipts
) excess of $250,000
/. Every man riding in palace car
= occupying a berth in sleeping ca
/, will have his ticket Ornamente
s with one-cent stamp, which Il
s law states must be paiu by he con
). pany issuing it.
e Personal property, as legacies
o distributive shares arising from pc
l. sonal property transferred by a pc
son having il in trust ia taya