Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-06-25
how Funds Will Be Raised by the
Government.
WHEN STAMPS MUST Be AFFIXED
Business Transactions to Share the
Expenses.
MEDICINES AND LIQUORS

Scores OF busiEess transactions are now
| to be contaminated only by applying a
stamp for the payment of the war revenue
| tax. Nearly all of the articles of consump-
| ton in factory and in the home will be
ficitly exchanged If they are not orna-
n:ented with one of Uncle Sans handsome
| ly engraved evidences that the vender or
purchaser has made contribution to help
carry on Americas war for the freedom of
Cuba
While the. war revenue bill was to take
effect. as a whole, upon the day after its
passage by Congress, there are exceptions
to this general rule, and various dates are
| fixed by the act for the several schemes of
taxation to become effective. Severe pen
alties are provided to be imposed on those
when called for and properly destroyed or
e1aced, or those who attempt to evade the
| payment of taxes by any method may have
| heavy fine or a long term of imprison-
ment or both Gtartng them in the face.
Then, too. commercial paper not properly
stamped will not be held as valid in the
courts.
After July every bond, dabenture or GER
t:fcate Of Indebtedness issued by COM
rany or corporation will be taxed at the
| rate of five cents every 500 of face
value. and every transfer of shares or GER
tiheates of stock can be accomplished only
tons with stamps amounting to two cents
fo= each $10O Of face value.
whenever a sale or agreement to sell any
products or merchandise for present or fu-
ture delivery Is made stamps must be can
celed, one cent for every 500 in the value
of such sale.
When a bank check draft or certificate
of deposit Is presented for payment it must
some controversy over the question of how
these stamps shall be provided. At a meet
Ing of bank presidents in this city it has
been decided that the customers must pro-
vide their own stamps.
Inland bills of exchange can be de
legal only by stamping them with 2-cent
stamp for each 800, while foreign bills of
exchange must be stamped double that
amount
bill of lading or receipt for any goods
to be exported must bear 1O-cent stamp.
Every bundle sent by express or freight
must have a 1-cent stamp stuck on 1t.
Under the new law telephone companies
must keep an account of the number of
messages or conversations carried on over
their lines. for which there has been a
charge of u cents over, and they must
pay the government at the rate Of / cent
for each of those messages.
In addition to the fees of notaries public
in the signing of bonds, guaranteeing a
faithful performance of any duty the sign
ers of such bonds must see that a 50-cent
stamp is attached to them.
Whenever a ship is chartered that charter
HluSl DedT Il So stamp II the vessel tonnage
is less than 300 tons, a $51stamp if between
800 and 600 tons, and $1O-stamp if over
600 tons.
Taxation of Contracts.
About all kinds of contracts are taxable
under the law A brokers' note, or memo
randum of sale OF any goods, must be orna-
mented with 10-cent stamp. Any deed
whereby land or improvements are sold or
tranferred is taxed at the rate of 80 cents
for each $500.
A telegram cannot be sent by an opera
tor If it does not have u cent stamp on it's
face.
The entry of goods in a warehouse must
be accompanied by canceling stamps, a
25-cent stamp II the value is less than 800,
a 5O-cent stamp if between 500 and $500
and a 81 stamp if in excess of $500.
When goods come out of a bonded ware
house they must bear another stamp with
face value Of 30 cents
All kinds OF insurance will be subject to
taxation except such insurance concerns as
are run on plan of cooperation which does
not yield profit to those not insured. For
each 800 of life insurance taken out there
is tax Of cents, SO that the tax of the
usual $1,000 policy will be 50 cents.
Marine, inland, fire and casualty, fidelity
and guarantee insurance must pay a tax
equal to one-half of one cent on each dollar
of the premium charged.
Stamping Leases and MOrtgages
Every lease for the rent of land or houses
IT for one year will be stamped with a %
cent stamp, if between one and three years
they must bear a 50-cent stamp and if over
three years 81 stamp.
Mortgages must be stamped with a o.
cent stamp If between 81 900 and 81 500, and
with another similar stamp for each 500
in the amount.
1t has been estimated that 500, 900 600
are spent annually by Americans travelling
abroad. In the future these travellers must
have their passage tickets stamped 1t will
take a 81 stamp If the ticket carrying them
from the shores Of America costs not more
than $50, 50 If costing between $50 and $50
and 50 If costing more than $50.
1t has been common for people to give
proxies for voting at elections Of officers
of corporations or associations. In the
future such proxies can be successfully
challenged If they do not have attached to
made in the cases of proxies for voting for
officers of religious, charitable. literary So
cieties and officers of public cemeteries.
Powers Of attorney for the sale or rent
Ing Of real estate, stocks. bonds. etc, are
taxed at higher rate. In such cases
25-cent stamp will be necessary.
People do not like to have their notes pro-
tested. Such proceeding not only Injuries
the credit Of the party making the note.
but 1t costs something. In the future it
Will cost still more, for Uncle Sam must get
70 cents whenever such action is taken.
Proprietary Medicines.
Proprietary medicines are taxed, but ply
siciansy prescriptions are exempt from tax
alton. The tax on medicinal proprietary
articles and preparations follows: Where
the retail price is five cents, one-eighth of
one cent; where the retail price is between
five and ten cents. two-eighths of one cent;
between ten and fifteen cents, three
eighths of one cent; between fifteen and
twenty-five cents, five-eighths of one cent.
For each additional twenty-five cents of
retail price. or fractional price thereof,
five-eighths Of one cent.
Perfumery. cosmetics and other similar
articles are taxed according to the retail
price at the same rate adopted for pro-
prietary medicines.
Chewing gum is taxed per cent on its
retail price.
Sparkling or other wines, when bottled,
are taxed one cent per pint or less; two
cents for bottles containing more than a
pint
Sugar and OIL Truats.
Corporations or individuals refining sug-