Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-06-14
NEW REVENUE LAW.
COLLECTOR BRADY NOTIFIED THAT
1T MUST DE ENFORCED TO-DAY
TOBACCO MEN GLAD IT'S SETTLED.
Various Provisions of the Act Touch
Ing Tobacco, Cigars, Cigarettes,
mond for Carrying Them Ont.

Colonel Brady Collector OF Internal
Revenue. was notified in a telegram from
the Treasury Department yesterday af-
ternoon that the revenue bill, which re-
Gently passed Congress. had been signed
by the president, and would go into
effect this morning. The hour from winch
the various provisions will be enforced
Is A. NJ, but on this point, Colonel
Brady was not inclined TO pass last eve
ming, though he did intimate that he
thought the new law would not become
operative at midnight, as was generally
supposed.
The tobacco merchants and manufac-
iurers are relieved that the matter has
been settled at last, and one OF the
largest dealers In the city said yester-
day that he was perfectly satisfied wan
the new tax for the rest OF his life. II
only the government would not make
any more alterations. The uncertainty
of the past few weeks has had a depress-
ing effect on business, and the reaction
Is now looked for. This seems 10 ne
the prevailing opinion among the tobacco
men, several of whom were interviewed
by a Dispatch reporter.
SEVERE PENALTIES IMPOSED.
Severe penalties are imposed under the
new law against manufacturers OF to-
bacco ana cigars who remove any to-
bacco, cigars, or cigarettes from the
factory after the law goes into effect.
uOless the tax has been paid at the new
rate.
Such dealers having stock on hand
with stamps affixed at the old rates, sub
sequent TO April II, 1898 I'm excess of one
thousand pounds of tobacco or twenty
thousand cigars or cigarettes, are re-
quired to make returns TO the Collector
within thirty days after the passage Of
tho act for assessment Of a tax equal to
one half the difference between the tax
already paid on such articles at the time
of their removal from the factory and
the new rate.
Manufacturers OF tobacco and cigars
are required to make an inventory OF
stamps on hand al the time the new
law goes into effect and to furnish the
same TO the Collector Of Internal Reve-
nue. for examination and veriiication,
after which they will be redeemed.
THE ALTERED TAXES.
The tax on manufactured tobacco I'M
der the new law is II cents a pound. Two,
three, and Gour-ounce tobacco and snuff
stamps have been abolished, and one and
twO-third ounces, two and a half ounces,
and three and third ounces are subsu-
tuted, respectively, therefor. Provision
has been made for one-ounce stamps for
smoking tobacco. The tax on cigars and
cigarettes will be increased from 50 10
$500 on those weighing more than three
pounds per thousand. Fer cigars less
than three pounds the tax will be $50.
Brewers will pay a tax OF & per bar
rel, at Z 1-2 per cent. discount. Brewers
are required to make an actual inventory
of all the stamps on hand at the COM
mencement of business to-day, and they
will also be required to give new bonds.
THE STAMPS ARE READY.
BY direction of the Commissioner OF
Internal Revenue, rubber stamps OF suit
able sizes have been prepared for the
Richmond office with which TO imprint In
red ink upon all beer, tobacco, cigars,
and snuff stamps the necessary changes
under the pending revenue act.
Colonel Brady sent out last night cir
cular containing instructions to tobacco
men. and notified all his deputies by wire
Of the changes.
Stamp-Deputies Smith and Talbot were
busy for several hours last night count
ing all the stamps on hand and making
provision for the alterations to be made
in time for to-day's business.