The western recorder., 1898-06-23
wan strcct .Hit Hard.


1t will delight the hearts OF many per-
sons to know that the Cigarette fiends"
must contribute very largely to the tax.
On the 400, 900. 900 cigarettes which they
annually consume the tax viii amount
to about 81 900. 900 more than now. AL
ready the dealers are announcing their
new price lists. Packages of six cigar
cites of the standard cheap brands will
be sold for the same price as packages Of
ten are now being sold for. Men OF money
who hold seats on the exchanges will
have to pay their share toward helping
Uncle Sam win his fight against Spain
also. The tax on the transactions of tho
New York stock exchange alone will
amount to 1000 600 a year and the other
exchanges Will pay In proportion. Prob
ably IS. .O00. 900 will be raised In that way in
that city alone. The government will get
about 81. .0000 900 more from the people on
Manhattan island alone through the doub-
ling OF the Inheritance tax. which ranges
from / per cent on what you inherit
from your lineal ancestors or descendants
to per cent on the fortune Ieft you by
your wife's uncle's brothers aunt or other
distant relative.
Then there is the tax on the big corpora
tions and trusts to be collected. but they
say they VIII not pay It. and will fight
the matter In the courts An attempt to
embarrass Uncle Sam In war time Is a
serious matter. The trusts had better so
slow and pay their way. The people gen
orally, however. seem quite willing to help
Uncle Sam to raise money.
The tax stamp OF eighty cents OH every
s, 600 of life insurance Is expected to draw
SIC, 600 900 year from the life Insurance
companies. but the fire and marine insur-
snce companies will not contribute more
than SIS. 600 year.
Every vessel OF over 900 tons entering
or clearing from any port VIII have to
pay a tax OF s.. and this with graduated
charges on the merchandise carried will
yield about si15.ooo a year
Landlords will have to give up some
thing, too. unless they add to the rents
of their flats and houses the fifty cents
year which must be put on each lease
in the form OF n stamp to make II valid.
ON 81 900 mortga6e twenty-five cent
stamp must be placed. and another stamp
cs the same amount must be affixed for
sech additional 800. On the basis of last
sear's mortgages on Manhattan island
tEe average tax on a mortgage VIII be
ss;B and The total amount raised will be
y1Ol. .ss4 75 in New York city alone.
The telegraph and telephone companies
yrql pay about f50.0oo0oO a year through
having TO pay one-cent stamp on every
r.enpage the number OF telegraph mes
sages sent last year being about 600. ZOO. 900
and the number OF paid telephone mes
Sages ABOUT 100000.
Outside of the tax upon the brokers
the Wall street district Will pay the bulk
Of 81 o00. 600 OF annual tax on bank checks.
more than 100000 on railroad securities
and ssocks: about $4,000 on the capital
stock OF outside corporations. $4,000 on
bank stock. and $4,000 on foreign ex-
change bills
The following stamp duties take effect
July /. 1888:
Schedule A-DocumeIts and instru-
ments. passage tickets, telegraphic dis
patches. Insurance policies. etc: returns
10 be made monthly of telephone mes
sages costing Is cents or more
schedule B-Propris:ary articles. chew
ing gums, wines. etc. y:amp tax on seats
in parIor or palace ca,s and tickets In
sleeping cars.