The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1898-06-10
TEXT or MEASURE.
Special Taxes From July 10-The Tax
on Bankers.

ON Bankers.
Washington, June 9.--The war reve-
nue. bill as agreed upon by the con-
ferees of the house and senate no doubt
will become law, as having passed the
house it now only remains for the sem
ate to take favorable action. The fol-
lowing is a complete abstract of the
bill, giving every item and rate, and
contains everything save details of ad-
ministrative features. The act is to
take effect on the day succeeding the
date of its passage.
Except as otherwise specially proVid-
ed, a tax of 81 on all beer, lager beer,
ale, porter and other similar fermented
liquors, brewed or manufactured and
sold or stored in warehouses, or remov-
ed for consumption or sale, for every
barrel containing not more than thirty
one gallons; and at like rate for any
other quantity or fractional part of a
barrel, with discount of ~ per cent.
on all sales by collectors to brewers
and stamps provided for the payment
of the tax An additional provso was
added as follows: By the conference
That the additional tax imposed in this
section on all fermented liquors stored
in warehouses, to which a stamp had
been affixed, shall be assessed and col
lected in the manner now provided by
law for the collection of taxes not paid
by stamps.
Special Taxes From July 10.
1O-Bankers employing a capital not
exceeding $25,00O, $50; employing cap
ital exceeding $25,0O0, for every addi-
ton thousand lollars 50, surplus includ-
ed in capital. The amount of such an
nual tax is to be computed on the basis
of the capital and surplus for the pre-
ceding fiscal year. Savings banks hav-
ing no capital stock, and whose busi-
ness is confined to receiving deposits
and loaning or investing the same for
the benefit of their depositors and
which do no other business of banking,
are not subject to this tax.
(2)-Brokers, $50; but any person hav-
ing paid the special tax as a banker
shall not be required to pay the special
tax as broker.
(3)-Pawnbrokers, $40.
(4-Commerciai brokers, $40.
(5)-Custom house brokers. $40.
(6)-Proprietors of theaters, museums
and concert halls in cities of more than
$4,000 population, $100. This does not
include halls rented or used occasion
ally for concerts or theatrical presenta-
tion.
O-Circuses, $100.
(8)-Proprietors or agents of all other
public exhibitions or shows for money,
not enumerated here, $40.
(9)-Bowling alleys and billiard
rooms, SIS for each alley or table.
Tobacco, Cigars, Cigarettes, Snuff.
In lieu of the tax now imp osed by
law, tax of II cents per pound upon
all tobacco and snuff, however prepar-
ed, manufactured and sold or removed
for consumption or sale; upon cigars
and cigarettes manufacture and sold
or removed for consumption or sale, the
following tax is to be paid by the man
ufacturer, $3.50 per 1000 on cigars
weighing more than three pounds per
1000; 81 per pound on cigars weighing
not more than three pounds per 1000;
$3.50 per 1000 cigarettes weighing more
than three pounds per 1000, or s1.50 per
1000 on cigarettes weighing not more
than pounds per 1000. Provided that
in lieu of the two, three and four ounce
packages of tobacco and snuff now
used by law, there may be packages
containing one and one-thirds ounces,
two and one-half ounces and three and
one third ounces, respectively. and in
addition to packages now used by law
there may be packages containing one
ounce Of smoking tobacco.
The conference provision in regard
to the taxation of stock on hand is as
follows: There shall be assessed and
collected with the exception hereinafter
in this section provided for upon all the
articles enumerated in this section
which were manufactured, imported
and removed from factory or custom
house before the passage of this act
bearing stamps affixed to such articles
for the payment of the taxes thereon
an cancelled subsequent to April IA,
1896, and which articles were at the
time of the passage of this act held and
intended for sale by any person, a tax
equal to one-ha1f the difference be-
tween the tax already paid on such
articles at the time of removal from
the factory or custom house and the
taxlevied in this act upon such articles.
Dealers having on hand less than 1000
pounds of manufactured tobacco and
10000 cigars or cigarettes on the day
succeeding the date of the passage of
the bill are relieved from the necessity
of making returns and thus relieved
from the necessity of paying the tax
For the expense connected with the
assessment and collection of the tobac-
co taxes there is appropriated 100000.
The commissioner of internal revenue
is authorized to employ internal reve-
nue. agents in addition to the number
now authorized. Tobacco dealers and
manufacturers: Dealers in leaf tobac-
co whose annual sales do not exceed
so, 900 pounds each Sc. Those whose an
nual sales exceed $4,000 and not $1,000
pounds, S12; and if annual sales exceed
100000 pounds, $24. Dealers in other
tobacco whose annual sales exceed 50,-s