West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1898-07-07

A Synopsis or the Revenue Measure
That Went Into Eject July LIST.

in order to raise money to carry
on the war with Spain, "a bill has
been passed by Congress and signed
by the President taxing many ar
ticles OF general use and business
papers OF the ordinary kind. This
law went into effect July lst and
our people must look IL up and he
careful about violating it's provis-
ions. OF course we c,n pay the
war tax this way and hardly miss
it but it is very troublesome and
calculated to hamper business to a
very considerable extent and the
income tax would have been much
better way to raise this money.
We have always been in favor Of il
and believe that those who have the
most property and are therefore, most
pro ected by the Govern mcnt,
should pay the most taxes and be-
sides are most able to pay them.
The Klngwood Bank has been
designated as u Stamp Depository
for this county by the Revenue
Department and will supply stamps
to all who call for them. Later on
they will be placed on sale at all
the post Offices where they will be
easily accessible to the general
public.
Here is a synopsis Of the meas
ure, giving the principal features
concerning tho general public:
Beer-$2 on every barrel of beer
aud other fermented liquors.
Bankers--s50 when capital in
Guiding surplus does not exceed
s25, 900 for each addition al 81 900
OF capital including surplus. %.
Circuses for each State in
which exhibited.
Bowling alleys or billiard rooms
SO for each alley or table.
Tobacco--In lieu Of the preseu t
tax tax Of II cents a pound upon
all tobacco, cigars and cigarettes !:
on cigars from from 81 to $500 a
thousand from $3.50 to $500 a
thousand.
Insurance--0n each life insur-
ance policy 10 cents on 500 of the
amount insured 40 per cent of the
amount of the first premium on
policies paid on the weekly plan.
Fraternal lodge and cooperative
insurance exempted.
Insurance, fire, fidelity, marine,
one half Of one per cent on sach
dollar, mutual com panics exempt.
Lease-not exceeding one year,
20 cents exceeding three years,
400
Mortgages--exceeding 81 900 and
not exceeding 81. 500, % cents ON
each additional $3.50, % cents.
Proxy for voting in corporation
elections, except benevolent COM
panies. 10 cents.
Power OF attorney, 25 cents.
Protesting notes and drafts, rs
cents.
Warehouse receipts. % cents.
Patent medicines Of all kinds,
perfumery and cosmetics from I.s
to So Of one per cent.
Chewing gum--less than 81, A
cents, each additional dollar, A
cents.
Sleeping car tickets---oue cent.
Inheritances--from rs cents TO
IS on each 800, and larger rates In
proportion to amount of legacy.
Leaf tobacco dealers and manu-.
facturers Of tobacco and cigars
must pay 60 to s24 in proportion
TO thei. annual sales.
Bonds and certificates Of stock
8 cents on each 81.
Board Of trade operations
cent on each 81.
Bank check, certificate OF deposit
or draft not bearing witness--2
cents.
Bills Of exchange, deposit and
certificates Of deposits bearing
interest 2 cents for each 500.
Bills Of lading, one cent.
Telephone message for which
over 10 cents ia obarged-one cent.
Telegraph message-one cent.
Stringent penalties are provided
for non compliance with provisions.
The law also gives the secretary Of
the treasury power to issue not to