The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-06-30

unless he can persuade his customer to
SMOKE the class o. goods / have nler-
tione-i
While we are on the subject, 4 word
might be said with regard 70 the future
OF real Havana tobacco. II IS gloomy.
In fact, II the war continues. its future
IS exceedingly dark For two years
past scarcely airy Havana goods have
come into this country. and the supply
then on hand is now almost exhausted
The laying waste OF Ctaaa has practically
destroyed the tobacco industry on the ISL
and. ard. II any event, IL Will be TWO
years before the conditions which for
merry existed can De restored and an
adequate y.e3d assured
One principal effect OF this destruction
The Cuban industry has been to turn the
eyes OF tobacco growers to Florida. where
already the growing OF the weed has as
sumei some proportions. In the opinion
o, authorities there IS no reason why the
Everglade state should not prove field
as excellent for the growth of tobacco as
Cuba. Il natural resources alone are 10
be considered. The bar 20 success has
been with the growers They do not
possess the patience effort and care which
have been 80 largely responsible for the
famous products of the Pearl OF the An
TILES.
The attention OF retail dealers should
BE called 10 the fact that. according 30
the provision OF law. dealers whose stock
on hand subsequent TO April IA does not
amount to more than aztec cigars or
cigarettes. or 90 pounds of manufactured
tobacco, are no, required TO pay tax upon
IL. and consequently need not take ac-
count OF stock or make returns to the
collector OF revenues.
Tax on Tee and Flour.
The books Of the United States custom
house show that 25o.o0 pounds OF tea. con-
signed to Seattle. enter this city as foreign
imports yearly TIE tax is made 10 cents
on each pound and the war revenue de-
rived thus Is $4,000.
Flour il taxed at cents per barrel.
The yearly product OF the milling inter
ests OF Seattle Ia about 3S4,v00 barrels, or
$3.50 In tax.
The Banks VIII Give 100000.
The total capital stock of the city's nine
banks is sI734,2eo Taking the tax at
SO ON each capital stock not exceeding
a5.oso. and 81 on each $1,000 in excess.
they will contribute to the war within
irihe Of $3.50. But this is a mere baga-
telle when one considers the amount TO
accrue from the tax on checks and drafts
5000 yearly. The law provides that
post. not drawing interest, one 2-cent
stamp shall be attached. Bank officials
have estimated roughly that about 1850
checks, draft and certificates are made
on the city's banks during the year. At
cents each this foots up TO the re-
markedly neat sum OF $4,000.
1t is the opinion in bank circles that
this new law will have the effect OF do
ing away to a great extent with the
nuisance OF small checks. and they are
not sorry over the prospect. for, though
IL may reduce slightly the volume of their
deposits, this will be more than recon-
pensei by the saving In office labor and
annoyance. The bookkeepers and the
teliers will he the gamers. II is the opin-
ion also that the stamp tax on stocks viii
operate benefcially by dsterring to some
extent the formation and harmful action
OF wildcat" companies. who, with only
p!ttance OF real stock. float millions OF
spurious shares on gullihie individuals
far and wide, raking in their har,i-earned
money and then going up like a bubble.
leaving their dupes their unwilling credit
ors. With the going into effect OF the new
law their ill-ga.ned profits will materially
decline.
Insurance Bears Its Share.
AS nearly as can be estimated, the stamp
tax of 10 cents on each policy issued. to-