Rocky Ford enterprise., 1898-06-16

Of that sum. Returns to be made
monthly. The penalty Is fine Of
from $1,000 to $4,000.
A stamp tax of one cent is to be COL
lected on every seat sold in palace
and parlor car and on every berth
sold In n sleeping car, the stamp to be
affixed to the ticket and paid by the
company issuing it.
Section provides that If any person
or persons shall make, sign or issue
any instrument or paper Of any de-
scription whatever without its being
stamped, he shall be guilty of a mis-
demeanOr, the penalty being 500 at
the discretion of the court.
Section s provides n penalty of a
fine not exceeding $1,000 or imprison-
ment for q term not exceeding five
years, or both, for counterfeiting the
stamps, and the penalty is made to ap-
ply to all persons having any connec-
tlon with the counterfeiting.
Section IS provides for tax stamp
on telegraph messages, and eXempts
messages Of officers and employees of
the government on official business,
and also the messages of telegraph
and railroad companies over their own
lines.
Incorporated medicines or those
rs prescriptions are not included in the
taxable articles, leaving it to apply
particularly to proprietary articles.
Section "a adds the tax on proprie-
tary articles to the duty on them, re-
quirlng the afliXing of the internal rev.
enue stamp before withdrawal for con-
sumption.
Inheritance Tax.
A tax on inhcritanccs and legacies
exceeding $4,000 is provided as fol-
lows:
On sums between $4,000 and S25.-
OOO-First on benefits to the lineal is
sue or lincal ancestors, brother or Sis
ter Of the deceased, at the rate of sew
enty-five cents for every 500.
Second-To the descendant of n
brother or sister ut the rate Of $1.5O for
every 800.
Third-To the brother or sister of
tho father or mother, or n descendant
Of brother or sister of the father or
mother, ut the rate of So for every
500.
Fourth-To the brother or sister of
the grandfather or grandmother, or n
descendant Of the brother or sister of
the grandfather or grandmother, 81 for
every S1OO
Fifth-To those OF any other degree
of collateral conslnguinity or strangers
in blood or n body polite or corporate.
at the rate OF 50 for every 500. All
legacies or property passing by will or
by the laws Of any state or territory, to
husband or wife are exempted from
tax or duty. On sums ranging be-
tween $4,000 and 100000, the rates
of tax are to he multiplied by one and
one-half: on those ranging from $780,
GOO to 100000, the rates are to be null
tiplied by two; on those ranging from
S50OOCs to S1,O00.0O0. the rates are to
be multiplied by two and one-half:
and on those above Sl.OOO.OOO the rates
are to be multiplied by three.
The tax is made lien upon the
property until paid. and 1t Is required
that the tax shall be satisfied before the
lcgatee is paid.
Bonds and Certificates
Certificates OF 1ndebtcdness-The Sec
retary OF the treasury is authorized to
borrow from time to time, Mt n rate OF
interest not exceeding three per cent.
such sums rs In his judgment may be
necessary to meet public expenditures
and to issue certificates OF Indebtedness
In denominations OF $50 or some multi
pie Of that sum. Each certificate Is
made payable at such time not exceed
ing one year from the date OF Its issue,
rs the secretary of the treasury nay
prescribe. provided that the amount OF
such certificates obtained shall 4: no
time exceed SlO0.0O0,O00.
The secretary OF the treasury Is nu-
thoriZcd TO borrow on the credit Of the
United States from time to time rs the
proceeds may bc required. to defray
expenditures authorized on account OF
the existing war tslich proceeds when
received to be used only for the pur-
pose of meeting such war eSpcndl-
turcs), the sum OF SiOO0o0.O00. or so
much thereof rs may he necessary,
and to prepare and issue therefor,
cd States In denominations OF $50 or
some multiple OF that sum. redeem
able in coin Mt the pleasure of the
United States after ten years from the
date OF their issue. and payable TWEEN.
ty years from such date, and bearing
interest payable quarterly in coin ut
the rate OF three per cent. per annum.
The bonds are to be first offered Mt par
as popular loan.
The conference added the following
provlso:
Provided. further. that any portion
of any issue of said bonds not sub
scribcd for ms above provided. may be
disposed OF by the secretary of the
treasury Mt not less than par, and I'M
der such regulations as he may pre-
scribe. but no commissions shall be
allowed or paid thereon, and sum
not exceeding onc-tcnth of the per
ccntum OF the amount of the bonds
and certificates herein authorized is
hereby appropriated out OF any
money In the treasury not otherwise
appropriated TO the expense of pre-
pairing, advertising and issuing the
same.
Coinage of silver Huiiion.
That the secretary OF the treasury is
hereby authorized and directed to coin
into silver dollars ns rapidly as the
public interests may require. to an