The Yale expositor. (Yale, St. Clair County, Mich.) 1894-current, 1898-06-24
WAR REVENUE TAXES
PRINCIPAL ARTICLES WITH
TARIFF ON EACH.
Already the Money Derived Is Sufficient
to Pay the Daily Expenses of Our
Army and Navy-The People Generally
Glad to Pay.

to Pay the Daily Expenses of Our
Army and Navy-The People Generally
Glad to Pay.
The new war revenue bill is already In
affect and from Maine to Mexico the peo-
pie through direct taxes are paying the
expenses Of the war with Spain. The Sec
rotary Of the Treasury gives the following
dates when the various provisions OF the
new revenue law go into effect:
July adhesive stamp taxes
July ALI special taxes.
Aug. 12-Adulterated -four tax.
June 14-All other provisions Of the law.
The following is list of the articles on
which taxes must be paid: Beer. banks,
deposits, checks, certificates Of debt, bills
of exchange, bills of lading, receipts,
drafts, brokers, amusements, billiard ia
bles, bowling alleys, tobacco cigars, Gig
arettes, insurance policies, leases, custom
house manifests, mortgages, foreign pas
sage tickets, proxies, power of attorney,
protests of notes, etc, warehouse receipts,
medicines, chewing gum, wines, petroleum
and sugar rehneries, palace and parlor car
seats, sleeping car berths inheritances
and legacies, sales and transactions, tee-
phone messages. kilograms indemnifying
bonds, certificates OF stock, certificates OF
damage, charter parties, contracts and
brokers' notes, memorandums of sale,
custom house entries and Withdrawals,
mixed flour, tea.
The following list gives the principal
articles of consumption with the tax that
shall be paid by each. The revenue rails
ed from this source will approximate ST.
5OO0s0 a day:
Beer and Ale...............S5 a barrel
Tobacco. ...,.....12c a pound
cigars. ................. 50 per 1000
Cigarettes. $500 per 1000
Bank checks. .................2c stamp
Manifests of express package. lie stamp
Long distance telephone call. $500. lie
Telegraph message. ................. lie
IndemnIfyIng bond. ............... 500
Life-insurance policy, for each 500. Toe
Benefit Society Insurance-4O per cent.
of first weeks premium.
Fire Insurance One-haIf OF per cent.
on each dollar Insured.
Lease One year, 25c; 3 years, soc; over
years, 81.
Mortgage-Under 81, 300, a5c; for each
$500 over 1880, 25c.
Passage to Foreign Countries-Not ex-
ceeding $50, 81; not exceeding $50,
50, over $50, e5.
Patent Medicine-For each sc value, one
eighth OF 1 per cent.
Perfumery-For each &c value, one eighth
of per cent.
Wine. ..................1c a pint
oil and Sugar-Refiners are taxed one
fourth of 1 per cent. on gross receipts
exceeding S25O,OOO.
Mixed Flour. ...............4c a barrel
Tea ................. .1Oc "A pound
The additional tax on all fermented liq-
uors stored in warehouses and already
stamped is to be assessed and collected.
Brewers are allowed TX per cent discount
on stamps purchased Other taxes that
went into effect with the signing of tho
bill are an additional tax of cents a
pound on tobacco and snuff. an addition
al GO cents a thousand on cigars and
cigarettes weighing more than three
pounds TO the thousand and an addition
al 80 cents a thousand on cigarettes
weighing not more than three pounds to
the thousand. one ounce package OF
smoking tobacco. and one and two-thirds
ounce, two and one-half ounce and
three and one-third ounce packages
OF tobacco and SNUFF are author
lied in lieu of two, three and four
ounce packages. Dealers having a stock
on hand in excess Of 200 pounds OF tobac-
co. or 10000 cigars or cigarettes, stamps
affixed subsequent to April IA at the old
rate, must make returns to collectors
within thirty days for assessment OF a
tax equal to one-half the difference be-
tween the tax already paid at the time
rate. The excess on hand only is to be
returned, and the tax will be assessed on
the excess, which will be paid to collect
ors after notice. No additional stamps
are to be affixed to such stock on hand
Upon gross receipts OF persons firms.
companies and corporations engaged In
refining petroleum and sugar, or owning
or controlling any pipe line for trans
porting oil or other products In excess of
$3.50 600, tax OF one-quarter OF cent an
nually is imposed which is now I'm effect.
Returns are to be made monthly.An i'm
port tax OF 10 cents a pound is imposed
upon tea, which takes effect Immediately
The following special taxes take effect
on and after July 1: Bankers, gradual
ed $50: brokers, $50: pawnbrokers $50;
commercial brokers. $50; custom-house
brokers, $40; proprietors Of theaters, 500;
proprietors of circuses, 800; proprietors OF
shows for money, SO: proprietors of bowl
ing alleys and billiard rooms for each al
ley or table, S.; dealers in leaf tobacco
graduated minimum. Sc; dealers in tobac-
co whose sales exceed 1000 pounds, $12:
manufacturers OF tobacco, graduated
minimum, Sc: manufacturers of cigars
graduated minimum, So manufacturers
and packers OF mixed flour, $12 The last
tax is not imposed until sixty days after
the passage of the act, which would make
II effective Aug. ~. 1898. All persons en-
gagged in the business on that date are re-
quired to make returns before the end OF
August and pay the special tax, reckoned
from Aug. l. 1898, to the first day of July
following.
Wall Street Hit Hard.
1t Will delight the hearts OF many per-
sons TO know that the cigarette fiends"
must contribute very largely to the tax.
on the 1900, 000, 900 cigarettes which they
annually consume the tax will amount
to about $50 900 more than now. AL
ready the dealers are announcing their
new price lists. Packages OF six cigar
cites OF the standard cheap brands will
be sold for the same price as packages of
ten are now being sold for. Men OF money
who hold seats on the exchanges will
have to pay their share toward helping
Uncle Sam win his fight against Spain
also. The tax on the transactions of tho
New York stock exchange alone will
amount to s2,000,O00 a year and the other
exchanges will pay in proportion. Prob.
ably Sc. 600, 900 will be raised in that way in
that city alone. The government will get
about s2000.O0O more from the people on
Manhattan island alone through the doub-
1frer 80 Al fVh