Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1898-06-23

aTation OF circular letters to customs
and internal revenue collectors carry
ing into effect the provisions OF the
war revenue act signed by the presl-
dent. In the internal revenue bureau
the only schedules which go into I'M
mediate effect are those relating 70
tobacco, cigars, snuff, cigarettes ana
beer. =,
The entire war revenue law Will
not go into effect until July l. Inc
tax on legal papers, oeeupaIlons' pro-
nrietary medicines, etc, will not go
into effect until that date. A circular
has been sent to collectors of inter-
nal revenue stating that until new
stamps could be provided they could
make use of the old stamps, but re-
ouiring them to imprint, by use OF
rubber stencil, the words under the
act of 1885,
The only sections OF the new Dill
which relate to customs are those
leyving a tax of 10 cents a pound on
all teas imported into this country,
and the entry tax on imported goods.
| This last provision, however, does not
/ go into operation until July l next
Under this section the entry OF goods
of any character, either for consump-
ton or warehousing, not exceeding
! 500 in value, must pay a tax OF 20
cents. Entries of goods valued at
more than 800 and not in excess OF
$500. 50 cents. All amounts in excess
of $500 in value, ST. The tax on each
entry for withdrawal from customs
bonded warehouses is so cents.
Acting on the advice Of the sollcl-
for of the treasury, the ruling OF the
department holding that the new tax
on tea went INTO effect at 3:O5 p. m
Yesterday, the time the act was signed
by the president, has been modlhed'
Under a new ruling, issued today, the
tax of 10 cents a pound will be levied
upon teas which reached the port OF
first arrival after Monday, June -
AT midnight. The following is COM
plete abstract OF the new law:
$500, 100000 of Bonds.
The secretary of the treasury /:
authorized to borrow, on the credl
of the United States, from time tt
time. as the proceeds may be required
l to defray expenditures authorized OF
e account of the existing war (sucE
/ proceeds. when received, to be uset
only for the purpose Of meeting suci
k war expenditures, the sum Of S4Oo,
: 600 600. or so much thereof as ma.
r be necessary, and to prepare and lssu
therefor coupon or registered Dond
;, of the United States in denomination
y of $40 or some multiple of that sum
i redeemable in coin at the pleasure o
the United States after ten year
from the date of their issue, an
II payable twenty years from such date
. and bearing interest, payable quar-
= terIy. in coin, at the rate Of pc
Il cent per annum.
5 The bonds are to be first offere
" at par as a popular loan.
Certificates of Indebtedness.
The secretary of the treasury
: authorized to borrow from time t
time at a rate of interest not exceed
ing per cent, such sums as, IN NJ
u Judgment, may be necessary to NEE
II public expenditures and to issue eel
lie tifcates of Indebtedness in denom
II nations of $50 or some multiple {
that sum: each certificate is mad
L payable at such time, not exceedin
lie one year from the date Of its issu
n as the secretary Of the treasury ma
l. prescribe; provided that the amour
of such certificates outstanding sha
10 at no time exceed 500, 900, 900.
:. Silver Bullion.
10 The secretary of the treasury
a authorized and directed to coin int
n standard silver dollars, as rapidly g
the public interests may require,
an amount, however, of not less tina
1880, 900 in each month, all of tn
silver bullion now in the treasur
purchased in accordance with tn
a. provisions of the act approved Jul
c. IA. 1890, entitled can act directing th
at purchase of silver bullion and tn
ID issue of treasury notes thereon an
at for other purposes" and said do
w lars, when so coined, shall be use
and applied in the manner and for tn
purposes named in said act.
- Beer and Ale.
Of A tax of 81 on all beer, ale, porte
rs and other similar fermented liquor
i bTewed or manufactured and sol
h or stored in warehouse, Or remove
L. for consumption or sale, for ever
t barrel containing not more than
TT gallons; and at a like rate for an
ID other quantity or fractional parts {
lie a barrel, with a discount of ~ De
ID cent. on all sales by collectors
l. brewers of the stamps provided fc
10 the payment of the tax.
The additional tax imposed in thi
section on all fermented liquors store
. in warehouse to which a stamp IA
= been affixed, shall be assessed an
> collected in the manner now provide
=. by law for the collection Of take
- not paid by stamps"
II Tobacco, Cigars, Cigarettes.
In lieu Of the tax now imposed b
= law a tax Of u cents per pound upo
% all tobacco and snuff, however pre-
II pared, manufactured or sold, or re
It moved for consumption or sale; upo
u cigars and cigarettes manufacture
8 and sold, or removed for consumE
l. ton or sale, the following taxes to b
. paid by the manufacturer: Three dol
. lars and sixty cents per thousan
: on cigars weighing more than tire
1 no 1o,.- =, nj : hn1I