New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-06-12
LOOKED UPON AS FAIR.
,1.r1r1-DE, OF BUSINESS MEN TOWARD
THE WAR REVENUE BILL
HOW THE TAX WILL. BE RMsED-EFFEci o'''
VARIOUS ENTERPRISES


while no taxation measure ever VI 4, saors
so,sfoc,orv 10 all the interests taxed 'e. - ,,,.
., ~ o,.o, among the business men OF TINS ci'S
that the War Revenue bill now a"a.'"e ,ole
49, ,a.,ro 70 ber,me n law is as a who'e'
! ,o,r and eouitabIe and perhaps less one'o"'
! tbev had feared the Populistic eleine'.' - ~ "a,
| might have Insisted upon MAKING II. >. - u,s
! general solicitor of the Standard VII cor.
! ouo,el n cew days ago as saying '' ouo,a,
! noration might attack in the courts, y" VIZ. ,,on .
! ground Of its unconstitutionality' 'he p, .,,o
,h W. Revenue bill imposing a speciai oAO'S
/ ,ax of one-fourth Of per cent upo' -" "a,
| over 500 900 a year In the gross receiP's ,r,.
! ers of petroleum. the compan! po' nos
! ,.-.oo, 20 ho that the tax is, IN enect, anu wa"
,a,o,o, 20 no a tax affecting practtcahy Only ~
! Standard OH Company. and, as iar az snood
| c,o,dord,s attitude toward the tax Is uhc"'"s
l. ia not impossible that the American "'e'
an,ng Company which IL llaD'e u VI" -, 49,
| as the Standard Oil Company, may ''o
49,. ,,o ,ho courts But the business men gem
orally are concerned just now with es '',"''."s
! what extent the war tax VIII aiiect '"e. ,, ,,,h
o,.o-rr.es and I'm some cases are wres''i"e WV"
tie problem of ultimate payment e"'e
decide whether a given tax is 10 IAN "f r., ,ha
ufacturer the middlcman or the consume " 49,,
..to, ,r,de for instance. 1t Is believed that inc
consumers Will have to pay the taA upon - nI
made tobaccos while the tax uPo" ,r, .x.nu-
,aro,,.s will fall upon the retailers Inc manu-
,ac,urers had TO pay the increased TAX 'e'' ~
cigarettes under the Dngley law o"' ). - t,
thu, the condition Of their business Is suoi. ''"N
.,,o,. cannot hear this additional burden. 80 as
tho proylson allowing the sale OF c'sa' 80
~ 80 -, o,ght and sixteen was finally taken out
"a 40 var Revenue bill. IL seems that t"c'c ID
no escape for the retailers OF this cohinou''' =,
,ow tax on cigars, too, VIII increase '"' P'
each cigar by only fraction OF a cent anu ~
retailer Will probably submit to eur'aiimen' U, n''
tapNtit
cigars. x,,o,o that the
rho dealers I'm tea are inclined TO believe una. Wv,
tax OF 10 cents pound on their cohmou''s W." VIZ, -,
unon the growers. although many 'hlhN II wan "
distributed among the growers re'ai'eis anu ~
sumers Some members Of the tea trade are no'
- 90 having the tax imposed. their opinion De-
,,g that II will have beneficial erect on '''o
market by shutting out the poor e'au's Vi
This tax II H. estimated, VIII yield so''p"" ''"'
.,.,uo The express companies. from the TAX
| u,o, tho orcrations Of which yearly revenue
estimated az nearly $4,000 Ia expected " We W
r,,cd fc- that the shippers should pay part OF the
tax but are not yet agreed as TO the ihethol y,
which their ideas can best be cartieu Jul "'''
estate is TO contribute Its share OF the WAL revenue
| "a -. real estate men are entirely willing 10
bear their proportion although. OF course most Vi
! the tax will fall upon their clients one feature
| Of the bill" said broker yesterday VIII prop
/ ably cause much annoyance-that imposing stamp
tax Of cents per $50 or traction tnereoi on "''"9
and other convey ances whereor the 'ohsl"rl'''''
or vo.ue exceeds 800 as II will do away with ne
! practice Of Inserting nominal CONSIDERATIONS ~
such Instruments. the result being that ny an exam
ination az III. number OF i0-cent stamps aniXed 20
a deed any one may learn the value OF the property
! transferred for such nominal consideration II l.
| roughly estimated that the total real estate war
taxes FOR tho country VIII aggregate oe'"ee" f''-
az i.. aud S9'o"1 year.
! Tho r,e Insurance companies arc not complaining
Of the taxation 20 be ievied upon them The hre IN
surauce companies think that the tax on mat DUST
! ness VII eventually be paid by the insured PROV
/ ably In the form Of adding the tax to the amount
! Of the premium and the marine insurance com
/ panies take the sam. view Of the matter and are
| likely 70 follow the same course
A lnrge part Of the total tax will be paid by
Wall Street The stock Exchange alone. II Is said.
Will return s. year In taxation upon it, aggre-
| OF IN. other exchanges whether the broker or the
customer viii have pay the tax. The total reve-
+ nue. from licenses Of stock and commercial brokers
IN this city Is likely 10 he about $1,000 yea A.,
The local banks must pay about $500 a ycaT r IN
war taxes The TAX on hank checks wh,c ~ WIZ grea
tota. Of 10000 "A year. but this IL not objected 10
BY Snyes" o Of the War Revenue
measure will AFFECT he patrons OF the teiesrapn
and tc.ophone companies does not yet appear Inc
ter under consderation but until they take iormai
action the public will not know whether II VIII
than heretofore or not The telephone companies
VIII be less affected BY the War Revenue act than
largo proportion Of the telephone messages are sent
crai Manager Webb Of the Ncw-York and New
Jersey Telephone company SAID yesterday tnai
| hy the company every month would be subject to
the tax He unable 10 say what the company
possible that the long-distance messages would he
made to cost NE sendsrs more ne ditsctprs OF
General Manager W. u. Baker, OF the Postal
Telegraph Company. said that the effect Of the
War Revenue measure would he TO Increase the
psny by an amount nearly equal TO HI5.m Mr
Baker unable 10 say whether tho company
order to make the public pay the tax. That point
he said. must be decided by tho directors OF the
An Official Of the Western Union Telegraph Com
pany said that the directors OF that company would
have decide what effect the would have
on the prices paid by the public for the transmits
The steamship companies carrying passengers
fecied BY the now revenue measure are about ~
teen In all Under the provisions Of the bill they
under on go tickets a tax OF g. and on ali costing
more than 81. tax Of s. According TO the report
for 1887. the outgoing passengers for the year were
iS oG6 s,sera e., ,9r each % whom The companies
class. who would come under the 81 tax and 5000
Of the nrst cabin class for each OF whom Sc he
Tor 1897, tho companies would pay total tax Of
$500. but as the business has fallen on owing 20
ably be much less An agent for one Of the steam
ship lines. In speaking OF the tax. said: I'VE con
/
levied OF the commodities but OF course
must bow TO the Inevitable"
VOLUNTEERS TEST CONDENSED FOODS.
Colonel Frank Mayer. OF the Blues and Cirays
the LIST Regiment OF the Lafayette Post Volunt GERS
and several Of his officers. conducted an exhaustive
test OF condensed foods for military uses at the
headquarters OF the regiment In the Central Opera
House. at East Sixty -seventh-st. and Third-ave
yesterday afternoon. Soups meats vegetables OF