The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1898-06-24
BOTH HOUSES AGREE.
The War Revenus Measure Passed
by Congress.
An fbstrsct of Its Most Important
Features Of Tssation-Tbe Iond
Issue - The SILVER
Clause.

visions Of the biz. giving items ana rates.
and contains nearly everything save de-
talls OF administrative features II pro-
Nides that the act shall take erect on the
DAY succeeding the date OF iie passage, ex-
espt as Otherwise specially provided for;
tax OF two dollars on all beer. lager
beer. ale, porter And other similar fer
menied liquors brewtd or mAnuta ctured
and sold OF stored In warehouse. or re-
moved Tor consumption or sale. Tor every
barrel eontainirE not more than 81 Eal-
Ions, ana al a like rate Tor any other guam
tity or fractional parts % barrel with
discount % ~ per cent on all sales by coll
lsctors 70 brewers Of the stamps provided
for the payment OFT tax.
special Taxes from Juiy O.
1 Rsukers employing a capital not sS-
eoediug tts0o. SO: employing q capital sN.
seeding t.aooo. for every additional thou
sand dollars, s. surplus Aucludsd in capt
tal The amount % such annual tax TO be
computed on the basis o. the capital and
surplus Tor the preceding lscal year. Saw
iHFu banks having no capital stock. aud
whose business Is confined 20 receiving
deposits srd loaning o. Investing the same
Tor the benefit ~ their doposltors, and
which DO no other business Of banking are
not subject Ia this tax
hrnkCrs. 80, but airy person having
paid the special taxes a. a barker SAail not
De required TO gay The special tax a.
broker
pavrhroksrs. fao
Commercial brokers, go
Custom house brokers. $40
ftoprefors o. theaters. museums ard
concert halls 10 cities u more than 800
Population. $500
Z Clfrjsss. 100 No special tax paid IN
one stste 70 to exempt exhibitions from
the tax IN another state. though but one
special tar = to be imposed for exhibitions
within any one state.
rropretars or arcuis o. an other public
nH 80 F4w nj
msrated here. 90
? BoNlinF Aucyt snd billiard rooms. .
Tor each alley OF table
Tobacco, Cigars. Cigarettes snd snun. T.
n lieu % the tax row imposed hy law. O
'aN ~ y cents per pound upon all tobacco
and snun. hnNtysr prepared, mnrufhr- I
tursd ara SOLD or removed Tor cousump- 4
tiou or sale upon cigars and cigarettes .
manufactured ana sold. or removed Tor I
consumrtion ~ sale, the following taxes TO /
'be paid by the mauufa ciuror - ~ per thou I
ssfi on cigars weighing more than three /
pounds PER thousand. 81 per thousand on I
cigars Weighing not more than 2 pounds I
per thousand. Hen Per Thousand on riE-
nrette- weighing more than pounds psr 4
thousand and 81 % per thousand on ciW. I
Nrctt"s veir hing not more jhau pounds I
per Thousand. provided that a. leu Of The ]
two, three and four oUEcr packages % to- !
hacco ana snun now authorized by Law, {
there nay be packages thereof, conihirirg I
spcctytly. ard IN addition 20 packages nov I
authorized by Law there may be packages I
containing one ounce OIL mokinE tobacco
Insurance.
ItFE-On sach policy for each Nco. 10 .
cents on the amount insured. Policies on 4
the Industrial or weekly plan, 90 per cent. ]
% a. amount ~ Ihe nrsI weekly pssusiuni Z
y charssd rrat@nai hsneneiafy societies 1
and orders, farmers purely local cooper
stivc compa nles. employees relief assoria- :
A. sH an he Id "a - "a HF a
cooperative plan. "orgauissd and conducted .
solely by the members thereof for the ~ .
elusive hsneut % 80 mSmhsfs and not for 4
Ifo1i," are exempted
MARINE. INLAND. FlRE-Or each poll /
10y ons-haif 81 one cent on each dollar. /
Cooperative aud mutual companies are cS-
smptsd
CASUALTY. FiDELITY. GUARANTEE /
Zach policy and each bond for the per
forma nee % the duties % any once o. posi-
tion or other obligation % she nature Of tn
dsmHity, ard each contract OF obligation
guaranteeing the validity Of bonds or other
obligations issued ny any state, county.
municipal or other public body. or guar
antovinE titles 10 real estate or mtrcAn-
tile credits executed or guaranteed by any
surety company upon the amount 81 pre-
MUM charged. one hair o. one cent on each
dollar
Proprietary Articles. i
Medicinal proprietary articles and prep
STATIONS, Upon every packet. hos. bottle.
any pills. POWDER uncturcs. troches or
iozengrs sirups, cordlals, hlttcrs. nno-
dyncs. tonics, plastors, iiriments, sslyes.
cintments, pastCs, drops, waters tCScep,
natural sprlng waters ara cRrborated nat.
ural spring watsrsl, essences. spirits, oils
sud all medicinal preparations or comPo-
sitious Whatsoever. mad. and sold, or re-
moved Tor sale by any person wherein the
per making or preparing the same has
or claims to have any private formula or
any exclusive right, where such packet,
etc. docs not exceed at the retail price Ave
cents. one-olrhth u one cent tax; when the
FETAL price h between and 10 cents, one
fourth o. one cent: between 10 and 10 cents.
thrse.elghths Of n cent, between u ard q
cents. nvc-eighths OF cent, and for each
additional - cents IN value, nNc.clghihp
% cent tax. PcrfumsTy and cosmetics
and other simllar articles used as spplica-
tons TO the hair mouth or skin or other
wise used where the packet, box. bottle,
etc. does not exceed Al the retain price
cents. one.eghth Of one cent tax, when the
price " betwce 5 and 10 cents, ono-quarter
OF A. cent: between 10 and n cents three
,lghihs Of a cent. between 10 and q cents.
nNc-eiEhths OF cent; each additional %
cents IN value. fivo-eighths OF cent tax.
Chewing sum, each package OF not more
than 81 retail value, 4 cents, and for each
additional dollar cents. sparkling or
other wines, when bottled for sale, upon
zach bottle containing one pint or less,
cent. more than one pint, cents.
Inheritance TrN.
A tax on inhcrltRnces and legacies eS-
ceeding $4,000 in personal property Il pro-
yldsd ~ follow on Suns s'iw 81 , sly
Issue or liuCal ancestor, brother OF sister OF
the deceased, At the rate OF 70 cents for
every N0O second. 20 the descendant OF a
brother or sister, at the rate Of LOO for
every 800: third. to the brother or sister OF
the father or mother, or descendant OF .
brother or sister OF the father or mother.
at the rate OF 81 for every 500; fourth. to the
brother or sister OF the grandfather or
grandmother. or a descendant Of the broth
tr or sister OF the grandfather or grand
mother, 81 for every 500, NTH, to those OF
any other degree OF collateral consangutn-
Ivy or strangers IN blood OF a body polite
or corporate at the rate OF s. for every
800. Al hgacies or property passing by
will. or by the laws OF any state or terri
tory, to husband or wife are exempted from
tax or duty on sums ranging between
81, 600 and 100000. the rates OF tax are to
be multiplied by ~: on those ranging from
$780, 90 to $500 600. the rates are TO be null
liplied by 2; on those ranging from sloO,O0O
to N,OO0,O00 the rates are TO be multiplied
by 2h, and on those above N,OOO,OOo tho
rates are TO be multiplied by The tax Is
made a lien upon the property until paid.
and iti required that the tax shall be salts
ned before the legatee Is paid
Certificates OF Indebtedness.
The secretary OF the treasury Is au-
thoriged to borrow from time to time, at
a rate Of Interest not exceeding per cent,
such sums as, In hts Judgment, may be nee
essnry 20 meet public expenditures, ana
TO issue certificates OF Indebtedness In de-
nominations OF $50 or some multiple OF
that sum; each certificate is made payable
at such time, not exceeding one year from
the date Of its issue, as the secretary OF
the treasury may prescribe; provided that
the amount OF such certificates outstand-
ing shall at no time exceed 800 900, 600.
Bonds, debeptures or certificates OF In
debtedness by any association, company OF
corporation, on each 500 of face value or
fraction thereof, 8 cents, and on each orig
inal issue, whether on organization or re-
organization, OF certificates OF stock by
any such association. company or corpora
ton. N, each 500 OF face value or traction
thereof. q cents, and on all sales, or agree
r,ents 10 sell, or memorandum OF sales, or