The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1898-06-24

poration or company carrying on or doing
the business of refining petroleum, or re-
filming sugar, or owning or controlling any
pipe line for transporting oil or other
products, whose gross annual receipts ex-
coed $780, 600, shall be subject to pay an
nually a special excise tax equivalent to
one quarter of per centum on the gross
amount of all receipts of such persons
firms, corporations and companies in their
| respective business in excess of said sum
of $780, 900.
| And a true and accurate return of the
amount of gross receipts as aforesaid shall
be made and rendered monthly by each of
such associations, corporations, companies
or persons to the collector of the district
penalty, not less than 81, 900 and not ex-
ceeding $40, 600 for each failure or refusal
to make return.)
Sec %. That from and after the LIST
day of July, 1898, a stamp tax of l cent
shall be levied and collected on every seat
sold in palace or parlor car and on every
berth sold in sleeping car, the stamp to be,
affixed to the ticket and paid by the COM
pany issuing the same.
(Sections 80, 80 and 81 provide for an
inheritance tax ranging from rs cents tax
per 800 of bequest to lineal descendants
|
to strangers In blood or corporations.)
| Loans.
Sec. 81. That the secretary of the treasury
Is authorized to borrow from time to time
at rate OF interest not exceeding 8 per
centum per annum such sum or sums as,
in his judgment, may be necessary to meet
| public expenditures, and to issue therefor
certificates of Indebtedness In such form as
he may prescribe and in denominations of
$50 or some multiple of that sum, and
each certificate so issued shall be payable,
with the interest accrued thereon 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 outstanding shall at no
time exceed 800, 600, 900.
Sec. 33. That the secretary of the treas
ury is hereby authorized to borrow on the
credit of the United States from time to
time as the proceeds may be required to
defray expenditures authorized on account
of the existing war the sum of $500, OOO,-
600, or so much thereof as may be neces-
sary, and to prepare and issue therefor
coupon or registered bonds of the United
States in such form as he may prescribe,
and in denominations of 500 or some null
tiple of that sum, redeemable in coin at
the pleasure of the United States after ten
years from the date of their issue and pay
able 90 years from such date and bearing
interest payable quarterly in coin at the
rate of 3 per centum per annum, provided
that the bonds authorized by this section
shall be first offered at par as popular
loan under such regulations prescribed by
the secretary of the treasury as will give
opportunity to the citizens of the United
States to participate in the subscriptions
to such loan, and in allotting said bonds
the several subscriptions of individuals
| shall be first accepted and the subscrip-
| tions for the lowest amounts shall be first
| allotted provided further that any por-
| ton Of any issue of said bonds not sub
scribed for as above provided may be dis
posed of by the secretary of the treasury at
not less than par, under such regulations
as he may prescribe, but no commissions
shall be allowed or paid thereon, and a sum
not exceeding one-tenth of / per centum
of the amount of the bonds and certificates
herein authorized is hereby appropriated
out of any money in the treasury not 9th
erwise appropriated to pay the expense of
preparing, advertising and issuing the
| same.
Coinage of Silver Bullion.
Sec. 81. That the secretary of the treas
ury is hereby authorized and directed to
coin into standard silver dollars as rapidly
as the public interests may require, to an
amount, however, Of not less than 81, 800,
600 in each month, all of the silver bullion
now in the treasury purchased in accord
ance with the provisions of the act ap
proved July IA, 1890 entitled can act
directing the purchase of silver bullion
and the issue of treasury notes thereon,
and for other purposes, and said dollars,
when SO Coined shall be used and applied
In the manner and for the purposes named
in said act.
! Mixed Flour.
Sec. 35 That for the purposes of this
act the words 'mixed -four" shall be un-
derstood to mean the food product made
| from wheat mixed or blended in whole or
in part with any other grain or other ma
terial, or the manufactured product of
| any other grain or other material than
| wheat.
Sec. SO. That every person, firm or cor
poration, before engaging in the business
of making, packing or repacking mixed
-four, shall pay q special tax at the rate of
! $12 per annum, the same to be paid and
posted in accordance with the provisions
of sections 3242 and 1899 of the revised
statutes and subject to the fines and pen
alties therein imposed for any violation
thereof. (Sectiou 81 provides for the
method of sale under the brand mixed
-four" Penalty for failure to obey the
law is also prescribed.)
Sec. 3S. That all sales and consign-
ments of mixed -four shall be in packages
not before used for that purpose. penalty
or fine of not less than $3.50 and not more
than $500, or by imprisonment not less
than 80 days nor more than one year,
Sec. &c. That in addition to the brand
ing and marking of mixed -four as herein
provided, there shall be affixed to the
packages containing the same label in the
following words: ''Notice-The (manu-
facturer or packer, as the case may Beg of
the mixed flour herein contained has COM
piled with all the requirements of Law.
Every person is cautioned not to use this
package or label again or to remove the
contents without destroying the revenue
stamp thereon, under the penalty pre-
scribed by law in such cases." penalty,
| fine of 500
Sec. 40. That barrels or other packages
in which mixed flour may be packed shall
contain not to exceed 1876 pounds; that
upon the manufacture and sale of mixed
| flour there shall be levied tax of cents
| nor barrel containing 1Q6 roupdc or mora