The times. [volume] (Richmond, Va.) 1890-1903, 1898-06-26

nual sales do not exceed 5000 pounds.
SC: manufacturers whose sales exceed
5000 and not 10000 pounds $l2: manu-
facsurers whose sales exceed 10000
/ pounds. s24: mapufacturers Of cigars
! whose annual say do not exceed 1000"
cigars. Sc. manufacturers whose sales
I exceed 10000 and not 10000 cigars. Sl2;
manufacturers whose sales exceed 9Q,O0c
/ cigars. $2i
INHERITANCE AND LEGACIFzS.
: tax on inheritances and legacies ex-
ocedng $1,000 on personal property is
provided as follows:
on sums Between $4,000 and s25Ooo.-
Ffrst-On benefits 20 the lineal Issue or
lineal ancestor brother or sister. OF the
deceased. at the rate Of IS cents for ev-
/ cry 500.
second-To the descendant Of a brother
, or sister at the rate OF N.5O for every
800
Thlrd-To the brother or sister OF the
\ father or mother OF a descendant Of
brother or sister OF the father, or mo
Their. at the rate OF 50 for every 500.
Fourth-To the brother or sister OF the
| grandfather or grandmother or a de-
scendant Of the brother OF sister OF the
grandfather or grandmother. 81 for ev-
cry 800.
Fffth-To those OF any other degree
OF collateral consequently or strangers
in blood. a body polite or corporate. at
I the rate OF s. for every 800. All lcRa-
cies or property passing by will or by
/ the laws OF any State or territory 10
+ husband or wife are exempted from tax
or duty.
/ On sums ranging between $4,000 and
+ $4,000 the rates OF tax are 20 be multi
4 piled by one and one-half. on those
ranging from $4,000 to 500 900 the rates
are 10 be multiplied by two; on those
/ ranging from $4,000 10 Si.000000 the rates
/ are TO be multiplied by two and ono
/ half: and on those above $1,000 90 the
/ rates are 10 be multiplied by three. The
tax is made a lien upon the property
until paid and it is required that the
tax shall be satisfied before the legatee
IS paid.
PROPRIETARY MEDICINES.
& Upon every packet. box. bottle. pot or
& ihiat or other Enclosure containing any
pills. powders. tinctures. trOches or loz-
enges sirups. cordials bitters. anodyncs.
tonics. plasters. lniments, salves, oint-
ments pastes drops, waters, Except ma
tural spring waters and carbonate ma
tural spring waters.) essences spirits,
oils and all medicinal preparations or
compositions whatsoever made and sold,
r or removed for sale by any person
wherein the person making or preparing
Z the same has, or claims TO have any pri-
vate formula, or any exclusive right
where such packet, etc, does not exceed
/ at the retail price five cents one-eighth
/ OF one cent tax; when the retail price
/ IS between five and ten cents. one
| fourth Of a cent: between ten and hfteen
cents three-eignths of a cent; between fif-
3 teen and twenty-five cents. five-eighths
I OF n cent ana for each additional twenty
FIVE cents i'm value fve-eighths OF a cent
+ tax.
Perfumery and cosmetics and other
) similar articles used as applications 10
the hair mouth or skin. or otherwise
ueed. where the packet box. bottle etc,
I does not exceed at the retail price ilVe
I cents. one-eighth Of one cent tax; when
I the price is between five and ten cents,
I one-uuarter OF a cent, between ten ana
{ fifteen cents. three-eighths or cent
/ between fifteen and twenty-five cents.
4 nve-eighths of n cent; each additional
/ twenty-five cents i'm value, hve-eighths
OF cent tax.
Section % makes 81 a misdemeanor 20
! evade the provisions Of schedule rela-
/ tive 70 drugs medicines. perfumery' etc.
( punishable by a fine not 20 exceed $'N
/ or Imprisonment not to exceed six
months or both.
( Uncompounded medicines or those put
I'M and sold at retail on prescriptions
/ are not included in the taxable articles.
! Section q adds the tax on proprietary
| articles to the duty on them, requiring
! the affixing Of the internal revenue stamp
| before withdrawal for consumption.
BANK CHECKS DRAFTS, NOTES.
| Bank check. draft or certificate Of de-
| post not drawing interest or order tor
! the payment OF any sum OF money
| drawn upon or issued by any bank. trust
| company or any person or persons. COM
panies. or corporations, two cents.
| Bills of exchange Gnland) drafts. GER
\ udcates OF deposit drawing interest or
I order for the payment of any sum OF
/ money. otherwise than at sight or on de-
mand, or any promissory note, except
| bank notes issued for circulation ana
| for each renewal OF the same, for a sum
! not exceeding one hundred dollars. two
| cents; for each additional one hundred
dollars or fractional part thereof IN eN-
| cess Of 800. two cents.
! pills of exchange foreign) or letter or
! credit. If drawn singly for sum not
exceeding 800 four cents. and Tor each
| 800 or fractional part thereof IN excess
Of 500. four cents If drawn in sets or
two or more: For every bill Of each set,
/ where the sum does not exceed SluO in
/ any foreign currency two cents, and Tor
/ each 500 or fractional part in excess or
/ 500, two cents.
! Bills Of lading or receipt (other IMAM
! charter party) for any goods or mer-
/
/ port or place ten cents
TRANSACTIONS ON EXCHANGES.
Trpon each sale or agreement to sell
any products or merchandise at any cX-
! change. or board Of trade, or other SINH
/ lar place. either for present or future
! delivery. for each 500 In value or sald
! sale or agreement of sale or agreement
\ 10 sell one cent, and for each addiuonal
SlOO or fractional part thereof In excess
/ of 500 one cent: Provided. that on tN-
| erv sale or agreement OF sale or agree
| nent TO sell there shall be made ana
delivered by the seller to the buyer
bill memorandum Of such sale, 10 whlch
! there shall be affixed a lawful stamp
! or stamps in value equal 10 the amount
I Of the tax on such sale.
! TAX ON BONDS AND DEBENTURES.
! Bonds. debentures or certificates OF IN
/ debtedness issued after July j, lSN. by
/ any association company or corpora
ton. on each hundred dollars OF face
value or fraction thereof. five cents, ana
! on each original issue. whether on or
! ganization or representation OF GER
/ dictates Of stock ~ any such association.
f coynpanv or corporation, on each 500 o.
( face value or fraction thereof five cents
/ aud on an sales or agreements 10 sell
or memoranda Of sales. or deliveries or
/ transfers Of shares or certificates OF
stock on each 800 of face value or frac-
ton. two cents
In case of sale. whore the evidence or
Z transfer is shown only by the books or
the company. the stamp shall be placed
/ upon such books and where the change
| of ownership Is by transfer certificate
the stamp shalt be placed upon the GER