The silver star., 1898-06-16

RrOSf uulOuut iCNNiHtT sA1 CANCoU
OF that sum. Returns to be made
monthly. The penalty is nne Of
from $1,000 to $4,000.
A stamp tax of one cent Is to be col
lected ON every seat sold In palace
and a parlor car and on every berth
sold in a sleeping car, the stamp to be
affixed to the ticket and paid by the
company issuing It.
Section Z provides that II any person
or persons shall make. sign or issue
any instrument or paper Of any de-
scription whatever without its being
stamped, he shall be guilty of a mis-
demeanor. the penalty being 800 al
the discretion OF the court.
Section provides a penalty Of q
fine not exceeding $1,000 or imprison-
ment for a term not exceeding five
years, or both, for counterfeiting the
stamps, and the penalty Is made to ap.
ply to nll persons having any connec-
ton with the couuterfeiting.
Section 1S provides for tax stamp
on telegraph messages, and exempts
messages Of officers and employees Of
the government on official business
and also the messages Of telegraph
and railroad companies over their own
lines.
Uncompounded medicines or those
having been put up and sold Mt retail
as prescriptions are not included in the
taxable articles, leaving 1t to apply
particularly to proprietary articles.
Section "a adds the tax on proprie-
tary articles to the duty on them, re-
Quiring the affixlng of the internal rev.
enue stamp before withdrawal for con-
sumption.
Inheritance Tax.
A tax on inheritances md legaciee
exceeding $4,000 is provided as fol-
lows:
On sums between $4,000 and $685.
OOO-First on benefits to the lineal is-
sue or lineal ancestors brother or sis
ter Of the deceased, Mt the rate Of sev-
enty-five cents for every 800.
Second-TO the descendant Of
brother or sister at the rate Of 81 80 for
every 500.
Third-To the brother or sister OF
the father or mother. or a descendant
Of brother or sister of the father or
mother, ut the rate of 50 for every
800.
Fourth-To the brother or sister of
the grandfather or grandmother, or a
descendant Of the brother or sister of
II,
every 800.
Fifth-To those Of any other degree
of collateral cOnsinguinity or strangers
in blood or n body polite or corporate.
at the rate Of s. for every 800. All
legacies or property passing by will or
by the laws Of any state or territory, to
husband or wife are exempted from
tax or duty. On sums ranging be-
tween $4,000 and 100000 the rates
of tax are to he multiplied by one and
one half; on those ranging from $780,
600 to &5OO.OOO. the rates are to be null
tplied by two; OH those ranging from
100000 to $1.WO.0OO. the rates are to
be multip3icd by two and one-half;
and on those above $1.OOO.OOO the rates
are to he multiplied by three.
The tax is made lien upon the
property until paid, and II Is required
that the tax shall be satisfied before the
legatee is paid.
bonds and Certificates
Certificates Of indebtedness The sec.
retary Of the treasury IL authorized to
borrow from time to time, mt a rate OF
interest not exceeding three per cent.
such sums as In his judgment may he
necessary to meet public expenditures
and to issue certificates of Indebtedness
In denominations OF $50 or some multi.
pie OF that sum. Each certificate Ia
made payable at such time not eN.eetl.
Ing one year from the date Of its issue,
as the secretary of the treasury NAV
prescribe. provided thar the amount OF
such certificates obtained shall ut no
time exceed $1OO,OOO.OOO.
The secretary Of the treasury ia au.
thorized TO borrow on the credit Of the
United States from time to time as the
proceeds may he required, to defray
expenditures authorized on account OF
the existing war tsnch proceeds when
received to be used only for the pur-
pose OF meeting such war expendI-
tures), the sum Of 100000. 600, or so
much thereof rs may Ike necessary,
and to prepare and issue therefor,
coupon or registered bonds OF the Unit
cd States In denominations OF so or
some multiple OF that sum, redeem.
able In coin mt the pleasure Of the
United States after ten years from the
date OF their Issue. and payable twen-
" years from such date, and bearing
interest payable quarterly In coin at
the rate OF three per cent. per annum.
The bonds are to be first offered at par
as a popular loan.
Inc conference ADDED the Following
proviso:
Provided. further. that any portion
OF any Issue OF said bonds not sub
scribed for as above provided, may be
disposed OF by the secretary Of the
treasury mt not less than par. and un-
der such regulations ms he may pre-
scribe. but no commissions shall he
allowed or paid thereon, and sum
nnf AYaan1tnU
centum Of the amount Of the bonds
and certificates herein authorized In
hereby appropriated out Of any
money In the treasury not otherwise
appropriated TO the expense Of pre-.
pairing, advertising and Issuing the
same.
Coinage os Silver Buiisou.
That the secretary Of the treasury ID
hereby authorized and directed to coin
into silver dollars m rapidly az the
public interests may require, to an
amount, however. OF not less than ~
million dollnrs n month. OF silver hui.