Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1898-06-18
THE war REVENUE BILL
Which Has Just Passed Both Houses
Of Congress.
THE oOMINe ISSUE OF BONDS,


Secretary OF the Treasury Author
ized to Borrow $500. OOO. oOO-siI-
Coinage OF at Least $1,000. 900 |
Monthly-Ou,s sugar ana Tea Taxed.
Washington. June 1.-THE war rev. |
enue bill which has Just passed both |
branches provides that the act shall |
take effect on the date OF its passage.
except as otherwise specially provided
for.
Tho following is an abstract OF the
measure:
A tax Of 81 on all beer. lager beer,
ale, porter and other similar fermented
liquors. brewed or manufactured and
sold or stored In warehouse or re-
moved for consumption or sale. for
every barrel containing not more than
81 gallons. and at like rate for any
other quantity or fractional parts OF e
barrel. with a discount of IA per cent
on all sales by collectors TO brewers OF
the stamps provided for the payment
OF the tax.
An additional prOvfso was added. as
follows. by the conferences; THAT the
additional tax imposed In this section
on all fermentea liquors stored In ware
house. to which q stamp had been az
fixed. shall be assessed and collected
In the manner now provided by law for
the collection OF taxes not paid by
stamps"
The following special taxes. 90 be-
come effective July 1. were agreed
upon:
Bankers employing q capital not ex-
Ital. Brokers. $50; pawnbrokers. $40;
commercial brokers. $40; custom house
| brokers, $40; proprietors Of theaters,
museums and concert halls. in cities OF
more than $4,000 population, 800; cir
cuses. 800; all other public exhibitions
/ or shows for money NOT enumerated
| here. S10I bowling alleys and billiard
rooms. IS for each alley or table
In lieu OF the tax now imposed By
law, a tax Of IL cents per pound upon
| oil tobacco and snufI. however pre-
| pared. manufactured sold or removed
| fer consumption or salag upon cigars
and cigarettes manufactured and sold.
or removed for consumption or sale.
the following ta9es. e - paid By the
manufacturer; taeO pSR thousand on
cigars weiEhtn9 mare than three
pounds per Thousand; q per thousand
on cigars Weighing not more than three
pounds per thousand; $3.50 per thou
sand on cigarettes Weighing more than
three pounds per thousand. and $3.50
per thousand on cigarettes weighing
/
| Eand. There is q compromise proviso
In regard TO the taxation Of the stock
on hand. which exernpts less than LOCO
pounds of manufactured tobacco and
2oo.0 cigars or cigarettes.
Dealers in leaf tobacco, whose actual
sales do not exceed $4,000 pounds each
Sc. Those whose annual sales exceed
$4,000 and not 100. 900 pounds. $12. and Il
their annual sales exceed 1oo.o0opounds
S24- Dealers In other tobacco whose an
nual sales exceed $4,000 pounds, s12
. Those selling their own product at The
place OF manufacture are exempted
from this tax. Manufacturers of to-
! bacco whose annual sales do not ex
coed 10000, SO. Manufacturers who's
| sales exceed $4,000 and not 100. 90
, pounda s12. Manufacturers who's
sales exceed 100000 pounds s2i
b Manufacturers OF cigars who's
: annual sales do not sxcee'
:. leo 900 cigars Sc Manufacturers who's
sales exceed 100000 and not 1000 CT
| gars, S12. Mann lecturers whose sale
!. exceed 100000 eli ars. SPA.
= Sections ane provide for the is
: suance OF tax stamps and penalties 70
violations. Section 16 exempts govern
ment. state. county and municipal bond
from the operation Of the law, and ais
the stock and bonds issued by cooper
alive building and loan association
:, whose capital stock does not excee
, 1000, aud building and loan associa
= tons or companies that make loan
> only TO their shareholders.
Bonds, debenturss or certificates c
Indebtedness by any association. com
l. pany OF corporation on each hundre
IS dollars OF face value or fraction there
y OF, 5 cents. or on each original issu
= whether on organization or certificate
NC of stock by any such association, con
il pany or corporation on each 800 OF FAC
q value or fraction thereof. cents; an
o. on all sales or agreements TO sell
. memorandum Of sales, or deliveries
n transfers OF shares or certificates
! stock, on each 800 OF face value
fraction, cents. In case OF sale. whel
n the evidence OF transfer is shown on
a. by the books of the company. the star
. shall be placed upon such books, ar
r. where the change of ownership Is
ar transfer certificate. the stamp shall |
placed upon the certificates; and in cas-
tv OF an agreement to sell. or where Il
ne transfer Is by delivery of the certii
az cate assigned in blank. there shall
- ! made and delivered by the seller to Il
. buyer a bill or memorandum OF su,
r sale. to which the stamp shall be ankle
Upon each sale or agreement 20 81
no any products OF merchandise at any e
o5 changes board OF trade OF other sir
ne liar place. either for present or frtu
r. delivery, for each 900 In value Of ga
sale or agreement of sale or agreeme
no to sell, cent and for each addition
500 or fractional part thereof in exec
of 500, ! cent
Bank check. draft or certificate
deposit not drawing interest, or ord
for the payment of any sum Of mon
drawn upon or issued by any bar
!. trust company OF any person sr D,
sons. companies OF ccRporations.a cen
nd Bills Of exchange (inland). draft, CO
ttficats Of doposit drawing interest,
ed order for tAs payment Of any sum
money otherwise than at sight or
ne demand, or any promissory note exec
nd bank notes, issued for circulation. a
N for each renewal Of the same for 81
not exceeding 500. 2 cents. and for ca
IN additional 800 or fractional part the
no OK in excess OF 500. 2 cents.
ne Bills OF exchange (foreign) or let
ne OF credit If drawn singly for sum
ID exceeding 500, cents. and for ca
en- 500 or fractional part thereof In
~: cess OF 500. cents. II drawn I'm 81
ed Of two or more: For every bin OF ca
;es set where the sum does not exceed
ne in any foreign currency, cents, q
for each 800 or fractional part in
,ut cess OF 500. 2 cents.
MS Bills OF lading or receipt (other til
Aharter party) for any goods or m
;. chandise to be exported 10 any forei
T. port or place, 10 cents. 4
1t is made the duty Of Every railro
a. or steamboat company, carrier,
press company or corporation or .,
800, son whose occupation IS to act as SUI
s. to Sssue to che shipper or censignoH
bill OF lading, manifest or other e
p dence Of receipt and forwarding
v each shipment received, whether in b.
or in boxes, bales. packages. bundl
70 or not so Enclosed or included; and tn
~ is to be attached and cancelled to ca
M OF said bills OF lading, etc., = stamp
=. the uaIrA Of cant. r,r.orrlHaA 49, ]