The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1898-06-16
HOUSE AGR b IS TO I I
Adopts the Compromise War Rev
enue Measure.
The Bill Almost Certain to Become .
Lavv-An Abstract Of Its Most
Important Features OF
Taxation.

Law-An Abstract Of Its Most
Important Features OF
Taxation.
Washington, June 1O-The house agreed
enue bill. Vote. l54 to 1O7. The Republicans
who voted against the adoption Of the
conference report on the war revenue bill
are: Brewster. Henry (Conn), Hill. Lit
tauer, McIntire. The democrats who
voteo Tor the report were: Cummings
or1sss' fitzgerald, McAleer. Mcclellan
Abstract OF the Bill.
The war revenue bill as agreed upon by
the conferees Of the house and senate will
no doubt become law. The following is an
abstract of the most important provisions
OF the bill, giving items and rates, and con-
tains nearly everything save details of
th a ant shai features It provides that
cesalng the date OF Its passage except as
o'Aef tsx e, specially pee provided for:
mented liquors, brewed or manufactured
ana SOLD or stored in warehouse, or re-
ba uyep dor consumption or sale, for every
Ions and at a like rate for any other guam
S NY or FRACTIONAL parts of a barrel, with a
fH nsto OF ~ per cent on all sales by col
Aof the payment of the tax.
Special Taxes from July 1.
cesd Rank seE so employing capital not ex
sand dollars. 81, surplus included in CAPT
tai The amount of such annual tax to be
computed on the basis Of the capital and
ings banks having no capital stock. and
whose business IS confined to receiving
ao4p ha f beaa anag Or the
which do no other business of banking. are
not subject to- this tax.
2; Brokers. $50, but any, person having
paid the special taxes as banker shall not
b pc required to pay the special tax as =
4. Commercial brokers. $50.
% Sustaining house Sc brokers' So
population, $780, This does not tAA inc 1E;
halls rented or used for
one state IS to exempt exhibitions from m
the tax In another state. though but one
SPECIAL tax is to be imposed for exhibitions
within any one state.
s: Proprietors or agents of all other public
exhibitions or shows for money, not emu
8. Bowling alleys and billiard rooms. $
for each alley or table.
Tobacco, Cigars. Cigarettes and Snufr.
In lieu of the tax now imposed by law, a
tax Of ~ cents Poqnd aR9 all
tured and sold. or removed for consump-
ton or sale; upon cigars and cigarettes
or ss the Sf
be paid by the manufacturer, $3.50 per thou
sand on cigars weighing more than three
cigars weighing not more than pounds
per thousand; $3.50 per thousand on Gig
arettes weighing, more than 8 pounds per
arettes Weighing not more than pounds
per thousand; provided that in lieu Of the
fwo. three and four ounce packages Of TO-
there may be packages thereof, containing
2-S ounces, 212 ounces and 1-3 ounces re-
spectively, and in addition to packages now
authorized by law there may be packages
containing one ounce of smoking tobacco.
Insurance.
LIFE-On each policy for each 500, 10
cents on the amount insured Policies on
Of the amount of the first weekly premium
is charged. Fraternal beneficiary societies
and orders. farmers purely local cooper
lions operated on the lodge system or local
coopsra sti Plan 9rganzed and conducted
elusive benefit Of it's members and not for
MARINE, INLAND, FIRE-On each pol
Cooperative and mutual companies are
ef GP%lssduALrY, FIDELITY. GUARANTEE
Each policy. and each bond for the per-
formance Of the duties of any office or posi-
ton or other obligation of the nature Of in
aranteeing the validity of bonds or other
obligations issued by any state, county,
municipal or other public body, or guar
tile credits executed or guaranteed by any
surety company upon the amount of pre-
MUM charged. one-half Of one cent on each
Proprietary Articles.
Medicinal proprietary articles and prep
arations: Upon every packet, box, bottle,
any pills. powders, tinctures, troches or
lozenges, sirups, cordials, bitters, ano-
dynes. tonics, plasters, linaments salves,
natural spring waters and carbonated ma
tural spring waters), essences, spirits, oils
and ali medicinal preparations or compo-
sitiOnS whatsoever, made and sold, or re-
moved for sale by any person wherein the
person making or preparing the same has
any exclusive right where such packet Il.
ETC., does not exceed at the retail price five
cents, one eighth of one cent tax; when the
fourth Of one cent; between 10 and Is cents,
three-eighths Of cent; between Is and 25
cents, fve-eighths of cent, and for each
of a cent tax. Perfumery and cosmetics and
other similar articles used as applications
to the hair, mouth or skin or otherwise
does not exceed at the retail price 5 cents.
one-eighth Of one cent tax; when the price
cent; between 10 and Is cents, tlree-eighths
of a cent: between Is and Is cents. fives
eighths Of cent; each additional Is cents
ing gum. each package of not more than
81 retail value, four cents. and for each
afSef %nes do Mhen b eeHts
each bottle containing one pint or less.
cent; more than 1 pint. cents
Inheritance Tax.
A tax on inheritances and legacies ex
ceeding $1,000 in personal property is pro
cd follows. I'm
600 and s25 oO0irst on benefits to the itn sey
issue or lineal ancestor, brother or sister Of
the deceased, at the rate of Is cents for
or ssfer the qse NJ Of
every $780, third to the brother or sister io or
the father or mother, or descendant of a
at the rate Of s. for Every $780, Of fonrfb
the brother or sister of the grandfather or
grandmother, or descendant of the brotha
mother, 81 for every 500; fifth, to those Of
any other degree Of collateral consanguin-
ity or strangers in blood or body polite
500. All legacies or property passing BY
will. or by the laws Of any state or terri
tory. to husband or wife are exempted from
s25,ooo and $oo 900, the rates Of lax are to
be multiplsedd, by oy 11a; on those ranging from
$1o9ooe to the rates are to be mul
to 100000, the rates are to be multiplied
by "a. and en- these 10 =, above s1.o90,OOo, the
made a lien upon the property until paid'
and it is required that the tax shall be salts,
fed before the legatee is paid.
Certificates of Indebtedness.
The secretary Of the treasury is au-
thorized to borrow from time to time, at
a rate Of interest not exceeding per cent,
such sums as, in his judgment, may be nee
essary to meet public expenditures, and
n nc 1lsa of So or some Multiple of Of
that sum, each certificate Is made payable