Red Lodge picket. [volume] (Red Lodge, Mont.) 1889-1907, 1898-06-18
WAR REVENUE IS IN FORCE
BILL SIGNED BY PRESIDENT
Bankers. Brokers and Amusement
Places Expected TO Give u Large
AmOuntS-Nnny Stamps Will BE
Called For-Abstract OF the Meas
ure.

Washington, June l3.-The speaker and
vice president signed the war revenue
bill this morning and the president signed
it at 3 p. m.
Immediately upon receiving information
from the White house that the bill had
been signed by the president, Secretary
Gage issued a circular explaining to the
public the proposed bond issue. The cir
cular invites subscriptions for two hum
dred millions Of 3 per cent bonds. Sub
scriptions will be received at par for a
period of days from this date. Bonds
will be issued in the coupon and regis
tered form, coupon denominations rang
iny from $40 to $1,000. and registered
bonds from $40 to $4,000
The following is an abstract Of the
provisions of the bill
A tax Of 81 on all beer, ale porter, and
other similar felmented liquors for every
barrel containing not more than l3 gal
Ions; and at a like rate for any other
quantity or fractional part of 4 barrel.
Special Taxes From July /.
!. Bankers employing a capital moi
exceeding $4,000, $50; employing a capi
tai exceeding $4,000, for every addition
al $1,000, So; surplus included as capital
Savings banks having no capital stock
and whose business is confined to receiv-
ing deposits and loaning OF investing the
same for the benefit of their depositors
and which do 10 other business or bank
ing are not subject to this tax.
3 Brokers, $50: but any person having
paid the special tax as a bank shall not
be required to pay the special tax rs Il
broker.
3 Pawnbrokers. $50.
4. Commercial brokers, $40.
). Custom house brokers, $40.
6. Proprietors Of theaters, museums
and concert halls in cities Of more than
$4,000 population, 500. This does not in
for concerts or theatrical representations.
Z. Circrses, 500, to be paid in each
state in which exhibitions are given.
s. Proprietors or agents Of all public
exhibitions or shows for money not emu
merated here, $40.
o. Bowling alleys and billiard rooms.
S. for each table or alley.
Tobacco Tax.
Tobaccos. cigars, cigarettes and snuff
in lieu Of tax now imposed by law. Il
tax of lc per ounce upon all tobacco and
cigarettes manufactured and sold, the
following taxes to be paid by the man,i-
facturer: $500 per 1000 on cigars weigh
ing more than three pounds per 1000: 81
per 1000 cigars weighing not more than 3
pounds per 1000: $500 per 1000 on cigar
cites weighing not more than three
pounds per 1000, and Sl.3O per 1000 on
cigarettes weighing not more than three
pounds per 1000.
The compromise provisio in regard to
the tax on stock on hand provides for Il
tax equal to one-half the difference be-
tween the tax already paid on such al
ticles at the time of removal from the
factory or custom house and the tax ley
led in this act upon such articles. Deal
ers having on hand less than 1000 sounds
Of manufactured tobacco and 2JOOO cigar
cites or cigars on the day succeeding the
date of the passage of the bill are re-
licved from the necessity of making re-
turns and thus relieved from the neces-
sity of paying the tax
Tobacco Dealers and manufacturers.
Dealers in leaf tobacco whose annual
sales do n t exceed 10000 pounds each. Sc.
Those whose annual sales exceed 10000
and not 100000 pounds, Sl2. and if their
annual sales exceed 100000 pounds, $24.
Dealers in other tobacco, whose annual
selling their own products at the place
of manufacture are exempted from this
tax.
Manufacturers of tobacco whose an
nual -ales do not exceed 80 600 pounds. Sc.
Manufacturers whose sales exceed 10000
and not 100000 pounds. Sl2. Manufac-
t,mers whose sales exceed 100000 pounds,
S24 Manufacturers of cigars whose annu-
al sales do not exceed 100000 cigars, s.,
Manufacturers whose sales exceed 100000
and 100000 cigars, Sl2. Manufacturers
whose sales exceed 100000 cigars, S24
Insurance.
Life-On each policy for 800, Zoe on
the amount insured. On policies on the
industrial or weekly plan, 40 per cent of
the amount Of the first weekly premium
is charged. Fraternal, beneficiary socie
ties and purely local cooperative com
panies, employees relief associations, oper-
ated on the lodge system or local coop
crativc plan, "organized and conducted
solely by the members thereof for the
exclusive benefit of its members and not
for profit" are exempted.
Insurance (marine, inland, fre)-Each
policy, one-half of one per cent on each
dollar. Cooperative and mutual com
panies are exempted.
Insurance casualty, fidelity and guar
antee) Each poll y and each bond for the
performance of the duties of any Office or
position or other obligation Of the nature
of indemnity and each contract or obli-
cation guaranteeing the validity Of bonds
or other public body or guaranteeing titles
to real estate or mercantile credits guar
anteed by any surety company upon the
amount Of premium charged, half oi
cent on each dollar: on lease, land. or
tenement, not exceeding one year, 25
cents; exceeding one year and not exceed
ing three years, 30 cents; exceeding three
yars, 81.
Other Provisions.
Manifest for custom house entry or
clearance Of cargo for a foreign port, if
the registered tonnage of such ship, YES
sci or steamer does not exceed 300 tons,
ST.; exceeding 800 tons and not exceeding
600 tons, So; exceeding 600 tons, S..
Mortgage of real estate or personal
property; exceeding $1,000 and not exceed
ing $500, % cents, and on each $500 in
excess of $500, 25 cents.
Passage tickets to a foreign port, if
costing not exceeding $50, 81; costing
more than $50 and not exceeding $50, So;
costing more than $50, So.
Proxy for voting at any election for Of
ficerS of anV incOrnOrated cOmnany py-