The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1898-06-21
BOTH HOUSES AGREE.
The War Revenue Measure Passed
by Congress.
An Abstract of It's Mos Important
Features of TaxatIOn-The Bond
Issue ~ The silver
Clause.

Is an abstract of the most important pro-
visions OF the bill, giving items and rates,
and contains nearly everything save de-
tails OF administrative features. 1t pro-
vides that the act shall take effect on the
day succeeding the date of it's passage, ex-
cept as otherwise specially provided for:
tax OF two dollars on all beer lager
beer, ale. porter, and other similar fer
mented liquors, brewed or manufactured
and sold or stored in warehouse. or re-
moved for consumption or sale, for every
barrel containing not more than 81 gall
Ions, and al like rate for any other guam
lity or fractional parts OF a barrel. with a
discount of TX per cent. on all sales by col
Iectors to brewers of the stamps provided
Tor the payment of the tax.
Special Taxes from July L.
1. Bankers employing a capital not ex-
ceeding $4,000. $50; employing a capital ex-
ceeding $4,000, for every additional thou
sand dollars. 81, surplus included in capt.
tai The amount of such annual tax to be
computed on the basis of the capital and
surplus for the preceding fiscal year. Saw
fngs banks having no capital stock, and
whose business Is confined to receiving
deposits and loaning or investing the same
for the benefit OF their depositors. and
which do no other business of banking, are
not subject to this tax.
2. Brokers. $50, but any person having
paid the special taxes as banker shall not
q
broker.
8. Pawnbrokers, so.
4. Commercial brokers, $50.
5. Custom house brokers, so.
S. Proprietors Of theaters, museums and
concert halls in cities OF more than $4,000
population, 500.
Z. Circuses. 800. No special tax paid in
one state Is to exempt exhibitions from
the tax in another state, though but one
special tax is to be imposed for exhibitions
within any one state.
8. Proprietors or agents Of all other public
exhibitions or shows for money, not emu
merated here, So
9. Bowling alleys and billiard rooms, IS
for each alley or table.
Tobacco, Cigars, Cigarettes and Snun.
In lieu Of the tax now imposed by law.
tax OF IL cents per pound upon all tobacco
and snuff. however prepared. manufac-
tured and sold, or removed for consump-
| ton or sale; upon cigars and cigarettes
manufactured and sold. or removed for
| consumption or sale, the following taxes to
| be paid by the manufacturer: $50 per thou
sand on cigars weighing more than three
pounds per thousand; 81 per thousand on
cigars Weighing not more than pounds
per thousand: $3.50 per thousand on Gig
arettes weighing more than pounds per
thousand. and $3.50 per thousand on Gig
arettes Weighing not more than pounds
per thousand; provided that in lieu OF the
two, three and four ounce packages Of to-
bacco and snuff now authorized by law,
there may be packages thereof. containing
1 2-3 ounces, 21a ounces and 8 1-3 ounces re-
spectively, and in addition to packages now
authorized by law there may be packages
containing one ounce Of smoking tobacco.
Insurance.
LIFE-On each policy for each 500. 10
cents on the amount insured. Policies on
the industrial or weekly plan, 40 per cent.
n IF ~ first
| is charged. Fraternal beneficiary societies
and orders, farmers purely local cooper
alive companies. employees relief associa
! tio-s operated on the lodge system or local
| cooperative plan. organized and conducted
| solely by the members thereof. for the eX-
| elusive benefit OF its members and not for
profit" are exempted.
MARINE, INLAND, FIRE-On each pol
fey one-half of one cent on each dollar.
Cooperative and mutual companies are ex-
empted.
CASUALTY, FIDELITY, GUARANTEE
Each policy and each bond for the per-
formance OF the duties OF any office or posi-
ton or other obligation Of the nature Of in
dennnity. and each contract or obligation
guaranteeing the validity of bonds or other
obligations issued by any state. county.
| municipal OF other public body, or guar
anteelng titles to real estate or mercan-
tile credits executed or guaranteed by any
surety company upon the amount OF pre-
MUM charged. one-half of one cent on each
dollar.
Proprietary Articles.
Medicinal proprietary articles and prep
arations: Upon every packet. box. bottle,
any pills. powders. tinctures. troches or
loZenges. sirups. cordials. btters. anO-
dyneS. tonicS, plasters, liniments, salves,
ointments, pastes, drops waters Except
natural spring waters and carbonated nat
ural spring waters), essences. spirits, oils
and all medicinal preparations or compo-
sitions whatsoever. made and sold. or re-
moved for sale by any person wherein the
person making or preparing the same has
or claims to have any private formula or
any exclusive right. where such packet.
etc. does not exceed at the retail price five
cents, one-eighth of one cent tax: when the
retail price is between and 10 cents, one
fourth OF one cent; between 10 and 10 cents,
three -eighths of a cent: between IS and 25
cents, flve-eighths of a cent. ard for each
additional % cents in value, five-eighths
of a cent tax. Perfumery and cosmetics
and other similar articles used as applIca-
lions to the hair. mouth or skin or other
wise used where the packet box, bottle,
etc, does not exceed at the retail price
cents, One-eighth of one cent tax; when the
price is between and 10 cents. one-quarter
OF a cent: between 10 and Is cents. three
eighths of a cent; between IS and 25 cents,
five-eighths of q cent; each additional 70
cents in value, five-eighths of a cent tax.
than 81 retail value, cents. and for each
additional dollar cents Sparkling or
other wines, when bottled for sale, upon
each bottle containing one pint or less.
cent; more than one pint, cents.
Inheritance Tax.
A tax on inheritances and legacies ex-
ceedng $4,000 in personal property is pro-
vided as follows: On sums between &c.
600 and $25, 000-frst. on benefits TO the lineal
issue or lineal ancestor, brother @: sister Of
the deceased, at the rate or IS cents for
every $loO; second. to the descendant Of a
brother or sister, at the rate of $3.50 for
every $1C0; third, TO the brother or sister OF
the father or mother, or descendant Of
brother or sister of the father or mother,
at the rate of So for every $100; fourth. TO the
brother or sister of the grandfather or
grandmother, or descendant Of the broth
err or sister of the grandfather or grand
mother. "a for every 500: fifth. to those OF
any other degree of collateral consanguin-
ity or strangers In blood or a body polite
or corporate. at the rate OF So for every
500. All legacies or property passing by
will, or by the laws Of any state or terri
tory, to husband or wife are exempted from
tax or duty. On sums ranging between
SIS, 900 and 100000. the rates OF tax are TO