The silver lance., 1898-06-17

rees OF the House and Senate will no
doubt become a law. The bill provides
that the act shall take effect on the
day succeeding the date Of Its passage,
except as otherwise specially provided
for. The following is an abstract Of
the provisions of the bill:
A tax of 81 on all beer, ale, porter
and other similar fermented liquors,
for every barrel containing not more
rate for any other quantity or frac-
tional part Of barrel.
Special Taxes From July 1.
First-Bankers employing a capital
not exceeding $25, 600 $50; employing q
capital exceeding $25,OOO, for every ad-
ditional $1,000, 81, surplus included in
capital. Savings banks, having no
capital stock and whose business Is
confined to receiving deposits and loan
ing or investing the same for the bene-
fit Of their depositors and which do no
other business of banking are not sub
ject to this tax.
Second-Brokers, $50, but any person
having paid the special tax as a bank
shall not be required to pay the spe-
cial tax as a broker.
Third-Pawnbrokers, $50.
Fourth-COmmercial brokers, 500.
Fifth-Custom house brokers, $40.
Sixth-ProprietOrs Of theaters, mu-
seums and concert halls in cities Of
more than 25,OOO population, 800. This
does not include halls rented or used
occasionally for concerts or theatrical
representations.
Seventh-Circuses, 800, to be paid in
each state in which exhibitions are
given.
Eighth-Proprietors or agents Of all
other public exhibitions or shows for
money, not enumerated here, $40.
Ninth-BOwling alleys and billiard
rooms, SIS for each alley or table.
Tobacco and Cigars.
In lieu of the tax now imposed by
law, a tax Of twelve cents per pound
upon all tobacco and snuff, however
prepared; upon cigars and cigarettes
taxes to be paid by the manufacturer:
One dollar per thousand on cigars
weighing not more than three pounds
per thousand; $3.50 per thousand on
cigarettes weighing more than three
pounds per thousand, and $1.5O per
thousand on cigarettes weighing not
more than three pounds per thousand.
The compromise proviso in regard to
the taxation Of the stock ON hand pro-
v1des for a tax equal to one half the
difference between the tax already paid
on such articles at the time Of removal
from the factory or custom house, and
the tax levied in this act upon such
articlsA Dealers having on hand less
than 1000 pounds OF manufactured to-
bacco and cigars or cigarettes on the
day succeeding the date Of the passage
Of the bill are relieved from the neces-
sity Of making returns and thus re-
lieved from the necessity Of paying the
tax.
Dealers in leaf tobacco whose an
nual sales do not exceed $4,000 pounds
each So; those whose annual sales ex-
ceed $4,000 and not 100000 pounds,
412, and, II their annual sales exceed
100000 pounds, $24.
Dealers in other tObaccos whose an
nual sales exceed $4,000 pounds, $12.
Those selling their own products at
the place Of manufacture are exempted
from this tax.
Manufacturers Of tobacco whose
mles do not exceed $4,000 pounds, SO.
Manufacturers whose sales exceed
$4,000 pounds and not 100000 pounds,
$12; manufacturers whose sales ex-
ceed 100000 pounds, $24. Manufac-
turers Of cigars whose sales do not ex-
coed 100000 cigars, So; manufacturers
whose sales exceed 100000 and not
100000 cigars, $12; manufacturers
whose sales exceed 100000 cigars, $24.
Insurance.
Life-On each policy, for each 500,
10 cents on the amounts insured. On
policies Of the Industrial or weekly
plan, 40 per cent. Of the amount Of
the first weekly premium is charged.
Fraternal, beneficiary societies and
purely local cooperative companies,
employees relief associations, operated
on the lodge system or local co-opera-
tive plan, organized and conducted
solely by the members thereof, for the
exclusive benefit of it's members and
not for profit" are exempted.
Insurance Marine, Inland, Fire)-
Each policy one-half of cent on each
dollar. Cooperative and mutual COM
panies are exempted.
Insurance Casualty, Fidelity and
Guarantee)-Each policy and each
bond for the performance of the duties
of any officer or position or other OBJ
legation of the nature of indemnity,
and each contract or obligation guar
anteeing the validity of bonds q 9TH
er Obligations issued by any state,
county, municipal or other public body
or guaranteeing titles to real estate or
mercantile credits, guaranteed by any
surety company upon the amount of
premium charged, one-half Of l cent
on each dollar.
Schedule a." Stamp Tax.
Bonds, deebentures or certificates of
by any association, COM
pany or corporation, on each hundred
dollars Of face valuation or fraction
8 cents, and on each original
issue, whether an organization or re-
or certificates of stock Of
any such association, company or cor
poration, on each 500 of face value or
thereof, cents, and on all
sales or agreements to sell, a memo
randa Of sales, or deliveries or trans
fers Of shares or certificates Of stock,