The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1898-06-24
EHE WAR REVENUE BILL
Where Uncle Sans Fighting
Money Is Raised.
Kings SUBJECT TO STAMP TAX.

and Sugar-The Bond and seigniorage
Features
In Act to Provide Ways and Means TO
Meet War Expenditures and For Other
Purposes.
Be it enacted by the senate and house of
representatives of the United States of
america in congress assembled, That there
hall be paid, in lieu of the tax of 81 now
imposed by law, a tax of 50 on all beer,
sger beer, ale, porter and other similar
srmented liquors, brewed or manufac-
ured and sold or stored in warehouse, or
Rmoved for consumption or sale within
ne United States by whatever name such
liquors may be called, for every barrel
pntaining not more than 81 gallons, and
a like rate for any other quantity or
DR. the fractional parts of barrel author
Eed and defined by law. And section $3.50
the revised statutes is hereby amended
accordingly, provided, that a discount of
- per centum shall be allowed upon all
nles by collectors to brewers of the stamps
rovided for the payment of said tax.
Special Taxes.
Sec 2. That from and after July l,
89S, special taxes shall be and hereby are
imposed annually as follows-that is to
ny:
l. Bankers using or employing capital
sot exceeding the sum of $685. 900 shall
say $50. When using or employing a capt.
al exceeding S25, 900, for every additional
1900 in excess of $50, 900, 50, and in esti
mating capital surplus shall be included.
The amount of such annual tax shall in
81 cases be computed on the basis of the
Rpital and surplus for the preceding fiscal
rear. Any savings bank having no CAPT
al stock and whose business is confined
% receiving deposits and loaning or in
resting the same for the benefit of its de-
eositors, and which does no other business
4 banking shall not be subject to this
AK.
e Brokers shall pay $50. Every person,
arm or company whose business it is to
negotiate purchases or sales of stocks,
sonds, exchange bullion, coined money,
sank notes. promissory notes or other Sc
urities for themselves or others shall be
egarded as a broker, provided that any
serson having paid the special tax as
aanker shall not be required to pay the
pecial tax as broker.
8. Pawnbrokers shall pay 500.
4. Commercial brokers shall pay $40.
s. Custom house brokers shall pay $40.
6. Proprietors of theaters, museums and
oncert halls in cities having more than
5000 population as shown by the last
receding United States census shall pay
400.
z. The proprietor or proprietors of cir
uses shall pay 500.
8. Proprietors or agents of all other
public exhibitions or shows for money
hall pay SO, and but one special tax shall
De- required for exhibitions within any one
tate, territory or the District of Columbia.
9. Proprietors of bowling alleys and
billiard rooms shall pay SIS for each alley
" table.
Tobacco, Cigars, Cigarettes and Snuff.
Sec 8. That there shall, in lieu of the
AK now imposed by law, be levied and
collected tax of ~ cents per pound upon
Ill tobacco and snuff, however prepared,
manufactured and sold or removed for
consumption or sale, and upon cigars and
cigarettes which shall be manufactured
md sold or removed for consumption or
sale there shall be levied and collected the
following taxes, to be paid by the manu-
acturer thereof-namely, tax of 81. go
per thousand on cigars of all descriptions
made of tobacco or any substitute there
ior and weighing more than three pounds
per thousand, and of 81 per thousand on
dgars made of tobacco or any substitute
therefor and weighing not more than
lhree pounds per thousand, and a tax OF
b. 90 per thousand on cigarettes made OF
tobacco or any substitute therefor and
weighing more than three pounds per
thousand and 81. so cents per thousand on
cigarettes made of tobacco or any substi-
suite therefor and weighing not more than
three pounds per thousand. The law also
provides for smaller packages and tobacco
Rmoyed from the factory or custom house
before the passage of this act bearing tax
Stamps must pay tax equal to one-hal1
she difference. between the tax already
paid and the tax levied in this act upon
such articles
Sec. 4. That from and after July l.
fS96, special taxes on tobacco dealers and
manufacturers shall be and hereby are i'm
posed annually as follows, the amount Of
such annual taxes to be computed in al
cases on the basis of the annual sales fol
HE preceding fiscal year: Dealers in lea1
tobacco whose annual sales do not exceed
$4,000 pounds shall each pay Sc. Dealers
in leaf tobacco whose annual sales exceed
sc, ZOO and do not exceed 100, 900 pounds
ahall pay S12 and if their annual sales ex
Cot0 1OO,OOO pOuhuo ollll4 pay SSf- hSdi
airs in tobacco whose annual sales exceed
$4,000 pounds shall each pay $12. Manu-
faoturers,of tobacco whose annual sales de
not exceed 80, 900 pounds shall each pay
Be. Manufacturers of tobacco whose an
nual sales exceed sc, 900 and do not exceed
400, 900 pounds shall each pay $12. Man
ufacturers of tobacco whose annual sale
axceed 100, 900 pounds shall each pay $24
Manufacturers of cigars whose annua
sales do not exceed 100, 900 cigars shall
each pay Sc Manufacturers of cigar
whose annual sales exceed 100, 900 and d.
not exceed 200,0 900 cigars shall each pa.
s12. Manufacturers of cigars whose an
nual sales exceed 200, 900 cigars shall eacl
pay $24
And every person who carries on an.
business or occupation for which specia
taxes are imposed by this act, withou
having paid the special tax herein provid
ed, shall, besides being liable to the pay
ment of such special tax, be deemed guilt.
Of misdemeanor and upon conviction
thereof shall pay fine of not more thai
$500 or be imprisoned not more than 81:
months, or both at the discretion of tn
court
Sec. 5. Until appropriate stamps ar
prepared and furnished the stamps hereto
fore used to denote the payment of the in
bernal revenue tax on fermented liquors