Red Lodge picket. [volume] (Red Lodge, Mont.) 1889-1907, 1898-06-18

I Al
after 10 years from the date of their issue
and payable 20 years from such date
and bearing interest payable quarterly
in coin at the rate OF per cent per an
mum. The bonds are to be first offered at
par as a popular loan.
Patent Medicines.
I Schedule B-NIedicinal proprietary ar
ticles and preparations-upon every pack
ct, box, bottle, pot or phial or other in
closure, except natural spring waters and
carbonated natural spring waters, whele
such packet etc, does not exceed at the
retail price ) cents, one-eighth of | cent
tax; when the retail price is between )
and 10 cents, one-fourth of | cent; be
tween 10 and Is cents. three-eiehths Of |
cent; between Is and 25 cents, fve-eighths
Of a cent, and for each additional p
cents in value. fvee eighths of cent tax.
The same tax applies to perfumery and
cosmetics and other similar articles used
as applications to the hair, mouth or
skin. Chewing gum, each package Of not
more than 81 retail value, cents, and
for each additional 81, 4 cents.
Sparkling on other wines when bottled
for sale upon each bottle containing one
pint or less. | cent: more than one pint,
cents. The stamp is only to be affixed
when the article in this schedule is sold.
Petroleum and Sugar.
Petroleum and Sugar Retiners-Every
person, firm, corporation or company car
rying on the business Of refining petrol
cum or refining sugar or owning or CON
trolling any pipe line for transporting
oil on other products whose gross annual
receipts exceed S250,OOO, is made subject
to pay annually a special excise tax equiv
alent to one parter of | per cent on the
gross amount Of all receipts in excess OF
that sum Returns are to be made month
ly. The penalty is fine Of from $1,000
to $4,000.
A stamp tax of ] cent is to be collected
on every seat sold in palace and parlor
car and on every berth sold in a sleeping
car, and the stamp to be affixed to lie
ticket and paid by the company issu
ing it.
Inheritance Tax.
A tax on Inheritance and legacies eN
ceeding $4,000 is provided as follows: On
sums between $4,000 and $25O 900, first
on benefits to the lineal issue or lineal an
cestors brother or sister of the deceased
a the rate of - cents for every SlCo.
Second. to the descendant of brother ~
sister at the rate of l.5O for every 500.
| Third to the brother or sister of the faith
Ell OF mother OF a descendant of broth
er or sister of the father or mother at the
rate Of 50 for every 500. Fourth, to the
brother or sister of the grandfather on
grandmother or descendant of a brother
or sister Of the grandfather or grand
mother, 81 for every Sl00. Fifth, to those
of any other degree of collateral con
sanguity or strangers in blood OF body
polite OF corporate, at the rate of s. ion
every 500.
All legacies or property passing by will
or by law of any state or territory TO
husband or wife are exempted from tax
on duty. On sums ranging between S25,
600 and 100000, the rates of tax are to
be multiplied by one and one-half; on
those ranging from 100000 to 100000
the rates are to be multiplied by two: Oh
| those rangin. from S50OO00 to 81 900, 900.
the rates are to be multiplied by two and
half. and on those above ST 100000
the rates are to be multiplied by three.
The tax is to be made lien upon the
property until paid and it is required that
| the tax shall be sati-fird before the le9atee
is paid.
Certificates of Indebtedness.
The secretary of the treasury is auth
orizcd to borrow from time to time, at
rate Of interest not exceeding 3 per cent:
such sums as in his Judgment may be
necessary to meet the public expenditures
and to issue certificates of Indebtedness
in denominations of $50 or some multiple
of that sum- Each certificate is made pay
able 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 OBJ
tanned shall at no time exceed SlOO,OOO.-
| 0OO
| Adhesion Stamps.
Adhesion stamps: Section I provides
| that if any person shall make, sign or
issue any instrument or paper Of any de
scription without its being stamped, he
shall be guilty Of a misdemeanor, the
penalty being 500 at the discretion of
the court.
Section s provides. "a penalty of fine
not exceeding $1,000 or imprisonment for
a term not exceeding five years or bo:h,
for counterfeiting the stamps and the pen
atty is made to apply to all persons hay
ing any connection with the counterfeit
ing.
prorretors of proprietary articles are
given the privilege of furnishing their
own dies OF designs for stamps, failure
to perform which act is made misde
meanor punishable by q fine Of not less
than $50, nor more than $500, or by i'm
plisonmcnt Of not to exceed six months
or both
1t is also made a misdemeanor by sec
tion 10 to evade the provisions of the
| stamp law, punishable by fine not eN
cecding 5000.
Exemptions.
'oeclloil ~ eAeillptS SoNelHlileHt, Sttte'
county and municipal bonds from the op
GRAFTON of the law and also the stocks
and bonds issued by cooperative build
ing and loan associations. whose capital
stock does not exceed $4,000 and building
and loan associations or companies that
make loans only to their shareholders.
Section IS provides for tax stamp on
telegraph messages and eNempts mes
sages of officers and employees of the gov
ernment and official business and also the
messages Of the telegraph or railroad com
panies over their own lines.
Section 20 makes it a misdemeanor to
evade the plans of schedule B, relative
to drugs, medicines, perfumery, etc. pun
! iShable by fine not to exceed $500 or
imprisonment to not exceed six months
or both.