The times. [volume] (Richmond, Va.) 1890-1903, 1898-06-15
THE REVENUE
LAW IN EFFECT.
Certain Provisions Of Il Became 0p-
erative Yesterday,
NEW SUBJECTS OF TAXATION.
Many Articles Formerly Free Now
Have to Pay 10 Aid in the Support
of the Government-The Col
lector's Force Kept Busy.

The War Revenue bin went into effect
yesterday-that is. certain provisions of It
did; other provisions become operative
on the first Of July.
Collector James ID. Brady and his as
sistants are about the busiest people In
the city. Their work Is increased many
fold. Colonel Brady will. no doubt. have
to increase his force. bui he has not as
yet added to IL.
In anticipation OF the passage OF the
act business has been very brisk at tho
Internal Revenue Department for several
days. Stamps have sold like hot cakes.
But yesterday the slump came. There
were very few purchasers OF stamps.
Business will not pick up very much for
a month. In the meantime the tax-gath-
erers will have all the work they can 10
in getting things In shape for the execu-
ton OF the provisions Of the act
THE STAMPS ON HAND.
The stamps have arrived and are being
assorted tor use. An Inventory Is being
taken OF the old stamps.
The new law provides many new sub
1ects OF taxation. There Is a special tax
on bankers. brokers, pewn-br0kers. in
surance agents, prOprietors OF theatres.
IuuSeuul1. concert nhllhf UNNunk hllCft.
billiard-rooms and circuses. This tax goes
into effect on the fret OF July. The tax
OF l0-cents per hundred on tea goes into
effect on the same date.
The tax on manufactured tobacco is In
creased from 10 II cents per pOlno.
Dealers having on hand to-day manuiac-
tured tobacco, cigars ana cigarettes
which were removed from the factory or
imported after April H. 1895. viii have 10
pay half OF the difference between the
old and new rate. For Instance retail
dealers having such stocks taxed az
cents will have 10 pay 5 cents extra. But
dealers having on HAND 900 pounds OF
manufactured tobacco, or 1000 cigars or
cigarettes are relieved from he payment
OF the extra tax.
TAKING INVENTORIES.
The dealers were required 70 take in
ventories OF the stocks they had en-
hand yesterday This'w'ill be verified by a
revenue officer. The assessment must be
paid within thirty days
The tax on beer goes I'D from y 10 -
per barrel On stocks on hand to-day
discount Of ~ per cent VIII De made
or, IN other words, the tax on such OAR.
rels will be yls5
A tax is to be paid on bonds, csrtif-
Gates OF stock. certain documents. banf
checks, bills OF exchange, express and
freight receipts telegraph and telephone
messages. deeds. Insurance pouclss. pas
senger tickets from the United states u
foreign countries, powers OF attorney
protests OF notes, and warehouse re-
cslpts. This tax went into effect yestsr-
day.
Taxes are 10 be paid on proprietary ar.
ticles, chewing gum. inherltances, les9
cles effective to-day; also speciai IAN
OF $40 on manufacturers OF mixed houfs
THE PRICE OF BEER.
The increased tax on beer will not az
feet the price OF that arficle-that Is.
beer will continue 10 be sold at 5-cents
per glass. Dealers cannot anord 70 in
crease the price 70 l0-cents, but II
likely that smaller glasses VIII Pe usea;
Cigars will continue 10 be sold at tns
old nr.ces. but the quality will not %
a. good. as q rule. as those sold ~ tho
same price under the old rate OF taxa
ton. -, 49,. a..
new law gets into good working shape.