The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-04-24
THE REVENUE BILL
1t Will Raise Between Ninety
and a Hundred Mil
lion Dollars.
TOBACCO STRUCK HARD
TAX ON SNUFF AND TOBACCO
TWELVE CENTS PERPOUND.
CHEWING GUM IS ALSO TAXED
Beer Drinkers viii Have TO Pay TO Garry
on the War--Patent Medicines are
also in tha Tax lisf.
also in tha Tax List.

also IN tn1 ! ak LlSt,
Washington, April 23.-Chairman
Dingley. Of the Ways and Means Com
mittee, this afternoon introduced in the
House the war revenue measure which
the Republican members of the Ways
and Means Committee have prepared.
1t is the intention of Chairman Dingley
to press the bill on Monday and he
hopes to have it through the House be-
fore adjournment Tuesday. 1t is prob
able that this program will meet with
opposition from the Democrats who
have not been consulted in its prepara-
ton and who will not have an oppor-
tunity to see it until it is presented to
the full committee ON Monday morning
at 10 o'clock. They are inclined to
think that they have been unfairly
treated As it is distinctly war meas
ure in which they are expected to .ac-
quiesce without opposition they believe
they should have been consulted in
its preparation. The Democrats have
already decided to offer an income tax
amendment Chairman Dingley esti-
mates that the measure. as framed, will
raise between S90,000,000 and $780,
100000. Tea and coffee, railroad tick
cts and petroleum, all of which were
considered ut different times as subjects
for taxation are not touched in the bill.
The revenue to he derived is distributed
as follows:
Fcrmented liquors $35, 900, 600; cigars
$5000,00O; tobacco licenses S5,000.000;
stamp tax on documents, kilograms,
ETC., $30000.000; tonnage tax $4,000
900
The amount to be raised by the stamp
tax on wines, mineral waters, chewing
gum, etc, has not been estimated
The tax on beer. ale and fermented
liquors is increased from 81 to So a bar
rel but no rebate for unused beer or
destroyed stamps is allowed The tax
on tobacco and snuff is increased to ~
cents per pound, upon cigars to 81 per
thousand weighing more than pounds
per thousand, and 50 on cigars weighing
less than 3 pounds per thousand: S4
upon cigarettes weighing more than
three pounds per thousand. and 81 on
cigarettes weighing less than three
pounds.
y compensating tax of half that
amount (which is the amount of the in
creasel uyon The stock of cigars and
cigarettes on hand. The following
licenses are placed on tobacco dealers:
Dealers in leaf tobacco. whose sales do
not exceed $4,000, shall pay a $24 Ii
ccnse; those whose sales eXcepcd $4,000
S4S; dealers in tobacco whose sales do
not exceed $4,000, $3.50: in excess of
that amount S12.
1t is also provided that in addition to
the quantity of tobacco and snuff. in
packages, now authorized by law, there
may be package of smoking tobacco,
containing one and three-fourths ounces:
and in addition to the number au-
thorized by law in packages of cigar
cites there may be packages containing
eight and sixteen cigarettes each
The provision Of the stamp tax pro-
prietary medicine and similar prepara-
tions, tax of one cent on all packets.
boxes bottles. etc, which retail at %
cents or less. two cents between - and
Do cents, three cents between fifty and
seventy-four cents between ~ cents and
81, and for each 80 cents or fraction
thereof above that amount an additional
cents
The same schedule applies to perfum-
cry and cosmetics. Chewing gum is to
pay one cent for packets retailing Mt five
cents each and two cents for packets
exceeding five cents. Ginger ale and
mineral waters are to pay | cent per
pint and wines two cents per mint.
Bonds, debtentures or other certificates
OF indebtedness after June first issued
by any association. corporation, etc, are
TO pay hye cents on each 500 or frac-
tion of stock two cents on each 500 of
face. On bank checks and rafts exceed
ing $50 two cents. Bills of exchange
drafts, sight or promissory notes for cir
cuiatlon not exceeding $100, five cents
between SlO0 and 5000 ten cents: be-
tween SZOo and $500 fifteen cents: be-
tween S3oO and 5000, twenty cents: $500
ana 300, thirty cents: $3.50 and 81. 600.
forty cents $1,000 and $500, one dol
lar; $500 and $1,000 and for each
5000 in excess of 5000. one dollar.
Foreign bills of exchange, letters of cred
1t, including express money orders to
pay the same rate as bills of excbonge
or promissory notes except where drawn
IN sets of three or more when for oocb
bill of each set where the sum novobln
does not exceed $3.50, three cents Above
that there is Il graduated scale runnin,
81 for $500. i"'iiiihs
ApoVe that there is graduated scale
running 81 for $500 and thirty canto
TOT each $1,000 additional RIM of
iadlng, receipts for goods marohor
dlSe, etc, for export ten cents ooch. -,
press packages, one cent unop all snnb
aS pay nor TO exceed twenty-five cents;
"e'"eeii twenty-five cents and 81, two