The commonwealth. (Scotland Neck, N.C.) 1896-1929, 1898-07-07
THE. new WAR TAX LAW.
Summary Of the Different Taxes
Levied.
THE BILL A SWEEPING ONE.
COMMERCIAL PAPER OF ALL KINDS.TAX-
ED. THE Provisions OF THE LAW
WENT INTO EFFECT JULY lst.

The new war tax law went into eff.
iect July 1st. Among the articles Of
of taxation OF interest are the follow.
ing:
Bankers with $3.50 capital, $50
with more capital 81 per thousand
capital and surplus included. Savings
| banks with no capital stock, doing on.
| ly savings and loan business for the
benefit of deposltors, are exempt.
Brokers in stocks, bonds, exchanges
cotton, notes and securities, $50. Per.
sons having paid the special tax as
bankers are not required to pay an ad,
ditlonal tax as brokers.
Pawnbrokers, $50.
Commercial brokers, $50.
Custom house brokers, $40.
Proprietors OF theatres, museums and
concert halls in cities of not over 25 200
population, 500.
Proprietors of circuses, 300 for each
State where there Is an exhibition.
Proprletors Of All other shows or ex-
hlbitions for money, $40.
Proprletors OF bowling alleys and
billiard rooms, 50.
On ali tobacco and snuff, - cents
per pound.
On cigars and cigarettes, $500 per
thousand, on cigars weighing over
three pounds per 1000, and 81 per
1000 On cigars weighing not more
than three pounds per 1000. On ci-
garettes, S1.50 per 1000 for goods
weighing less than three pounds, and
$500 per 1000 for goods weighing over
three pounds.
In lieu of 2, 5 and 4-ounce packages
of tobacco and snuff now authorized by
law, there may be packages weighing
| 1872 IL and Is ounces, and smok-
ing tob eco welghinging ! ounce.
Articles of tobacco or snuff on hand
April IA, 1898, pay half the difference
between the new tax and the old tax
already paid.
Stocks Of tobacco, cigars and snuff
on hand July | must be returned to
the revenue department it exceeding
i,0OG pounds of tobacco or 10000 cigars
or cigarettes.
On bonds, debentures Or certificates
OF indebtedness, 5 cents for each $ioO,
state, equity and municipal bonds are
excepted.
On each issue OF stock, whether OF
organization Or reorganization, by a
company, association Or corporation, 3
cents per $500, face value, or traction
thereof. On transfers Of stock, whether
on the banks or not, and On sales.
agree ments to sell and transfers in
blank, 9 cents per 500 face value.
For each sale Or agreement to sell,
products Or merchandise at any ex-
change or board of trade, or other
similar place, one cent tor each 800.
On each bank check. draft, or GER
tlfcate Of deposit not drawing interest,
Or order for the payment OF any sum OF
money, drawn upon Or raised by any
bank, trust company, Or any person or
persons, companies or corporations at
sight or in demand, two cents.
On each bill of exchange [inland] /,
draft, certificate of deposit drawing in
terest, or order for the payment OF any
sum of money, otherwise than at sight
OF on demand, OF on any promlssory
note, except bank notes issued for cir
cu!atlon, and for each renewal OF the
same. cents for 500 or fraction there
of. This applies to domestic postal
money orders.
On foreign bills of exchange, letters
of credit, including order by telegraph
or otherwise, for the payment ofmoney
by express or other companies, cents
per SlOO or fractions thereof. If drawn
in sets OF two Or more cents per TlOO
for every bill of each set.
On export bills Of lading 10 cents
each.
On express and freight, for each bill
of lading, manifest Or evidence o. re-
ceipt, l cent for each original or dupli-
cate. The issuance Of bills Of lading
is made compulsory.
On each telephone message for which
a toll of Is cents Or more Is charged, l
cent.
On each indemnifying or surety
bond. and all other bonds not other
wise specified, except such as one re-
quired in legal proceedings, 50 cents
each.
On certificates of profit or interest
and transfers, 2 cents per 500.
On certificates of damage, Or port
wardens or marine surveyors certi-
fcates, 25 cents each.
On all certificates Of any description,
required by law and not otherwise
specified, 10 cents each.
On each contract, brokers' note, or
memorandum of sale of any goods or
merchandise, stock, bonds, exchange,
notes OF hand, real estate or property
of any kind Issued by brokers Or per-
sons acting as such, 10 cents.
On each conveyance, deed, instru-
ment in writing, whereby lands, tene-
ments or other realty sold shall be
granted, assigned, transferred Or other
wise conveyed, when the consideration
or value exceeds 500 ard does not ex-
ceed $500, so cents, and for each addi-
tional $500, SO cents.
On each te1egraphic dispatch or mes
sage, l cent.
Insurance, llfe: For each policy,
cents for each 800 insured. On in
dustrial insurance, 40 per cent. of the
first weekly premium. This does not