The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1898-06-29


more a barrel than they ever did be-
fore.
From the 10-cents-a-pound tax on
tea, the Government expects to realize
about s2O,OOO,O 900 annually in the
country. New York's share of this,
based on the importations of past
years, will be about s., ,OOO,O 900. There
will be no tax on tea imported before
July l, Of course, and by that time
importers hope to get in some 10000,
600 pounds. This, however, will
only be about one-6fth of the amount
usually imported each year. The i'm
porters and retailers will never stand
the tax themselves. Tea will simply
jump up 10 cents pound after July
the 1st, and the public will have to
pay that much more for it or 60 with
out.
Stamps will have to be affixed to all
papers relating to real estate transac-
tions-conveyances. deeds, leases,
agreements, or contracts. mortgages,
trust deeds and powers of attorney.
Real estate men in this city, who are
familiar with the revenue bill, are
wondering what the effect of the Sec
tion which imposes tax of 80 cents
per $500 or fraction thereof on deeds
and conveyances where the considera-
ton or value exceeds 500 is going to
be. For years it has been the practice
to insert nominal considerations, gen.
orally 81. in deeds, the object being to
keep secret the amount of money in
yolved in transaction. Hereafter a
nominal consideration mentioned in a
deed will not release the parties inter-
ested from stamping the deed at the
rate Of so cents for every $500 Of value
Of the property involved over 500,
which will, Of course reveal the real
consideration.
From real estate transactions in this
city the Government will probably
derive about half million dollars an
nually. The revenue from the country
from this item of the bill will prob
ably be between SIS, 900, 900 aDd $780,
100000.
A very large part Of the war tax
will come out of Wall Street. The
tax Of, 2 cents on each 800 Of stock
and bond sales is heavy one, but
the brokers are not kicking. Busi-
ness on the Stock Exchange has
averaged 100000 shares day lately,
and if it continues at that rate this
daily assessment will be $4,000. On
the total sales Of stock last year the
revenue uould have been million
and half dollars, and there is no
reason to believe that it will be any
less than that after the revenue bill
gets in working order. The figures OF
the Consolidated Exchange last year
would bring its revenue up to within
100000 of the Stock Exchange
assessment. The Produce and Cot
ton Exchanges are let off with tax of
1 cent for 500. This would bring
the formers contribution to the war
fund to about $150,0OO, and the lat
ter's to about $4,000 year.
About the biggest item down town,
however, will be the tax on bank
checks. In 1871 the revenue from
this source was $2,318,455 in the
country. The tax on bank checks in
this city alone will probably run up to
5000, 600 year under the war reve-
nue. law. From the bank capital tax,
the tax on foreign bills of exchange.
the tax on the capital stock and funded
debt of all corporations and from other
taxes in the financial centre, it is
estimated that 81, 100000 year will
be realized. Altogether Wall Street
will contribute something like $l3,-
900, 900 year to the war fund.
The tax Of cent on telephone mes
sages costing more than Is cents is
put on pay messages, of which there
were 100000 sent in this city last
year. The telegraph companies have
planned to get even on the tax on
messages by compelling senders to put
one-cent stamp on all messages.
The telephone companies are casting
around for some means of making the
public share the added expense, but
they haven't devised any scheme
yet.
The tax on tobacco has been raised
to II cents a pound. Some dealers
have decided to keep up the size Of
the packages and increase the price
Others have concluded that it will bt
better game to let the price stay
where it is. aud make the packages
smaller. The cigar tax is not heavy
one, and the only difference it vii
make will be chat you won't get al