Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-06-10
Abstract of the Agreement by the
Conferees.
AUTHORIZATION $4OO,oOO,0OO BONDS
Silver Coinage of $1,5oo,ooo a
Month.
SPECIAL TAXES FROM JULY

The war revenue bill as agreed upon by
the conferees of the House and Senate no
doubt will become law. The following Is
a complete abstract of the bill, and con-
tains everything save details of admins
trative features: 1t provides that the act
shall take effect on the day succeeding the
date of its passage. except as otherwise
specially provided for.
Fcrmented Liquors.
A tax of 81 on all beer. lager beer, ale,
porter. and other similar fermented liquors,
Erewed or manufactured and sold OF stored
in warehouse, or removed for consumption
sale, for every barrel containing not
more than thirty-Cne gallons: and at Il
Ike rate for any other quantity or frac-
tional rartS of u barrel, with discount of
71a per cent on all sales by collectors TO
brewers of the stamps provided for the
payment of the tax. An additional proviso
added as follows by the conference:
THAT the additional tax imposed in this
section on all fermented liquors stored in
warehouse TO which a stamp had been
affixed shall be assessed and collected in
the manner now provided by law for the
collection Of taxes not paid by stamps
Special Taxes From July 1.
1. Bankers employing a capital not ex-
exceeding $4,000. $780, employing a capital
exceeding $4,000, for every additional
thousand dollars, two dollars, surplus in
cluded in capital The amount of such an
nual tax to be computed on the basis of the
capital and surplus for the preceding fiscal
year.
Savings banks having no capital stock,
and whose business is confined to receiving
deposits and loaning or investing the same
for the benefit OF their deDositors, and
which do no other business of banking, are
not subject to this tax.
=. Brokers. fifty dollars. but any person
having paid the special tax as a banker
shall not be required to pay the SPECIAL
tax broker.
3. PawnDrokers, twenty dollars.
4. Commercial brokers. twenty dollars.
>. Custom house brokers, ten dollars
q. Proprietors of theaters museums and
population, 800. This does not include halls
rented or used occasionally for concerts or
theatrical representations.
I. Circuses, 500. 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. Proprletors or agents of all other public
exhibitions shows for money, NOS enuln-
Grated here, so.
.. Bowling alleys and billiard rooms, s.
for each alley or table.
Tobacco. Cigars, Cigarettes and Snuff
In lieu of the tax row imposed by law,
tax of Il cents per pound upon all tobac-
co ana snuff, however prepared manufac
tUred and sold, removed for consumption
or sale; upon cigars and cigarettes manu-
featured and sold, or removed for consump-
ton or sale the following taxes to be paid
by the manufactuI er: $3.50 per thousand on
cigars weighing more than three pounds
per thousand; one dollar per thousand on
cigars weighing not more than three
pounds per thousand; $3.50 per thousand on
cigarettes weighing more than three pounds
per thousand; and $50 per thousand on
cigarettes weighing not more than three
pounds per thousand Provided that in lieu
of the two. three and four-ounce packages
of tobacco and snuff now authorized by
law there may be packages thereof con-
tanning one and two-third ounces two and
one-half ounces, and three and one-third
ounces, respectively, and in addition to
packages now authorized by law there
may be packages containing one ounce of
smoking tobacco.
The compromise proviso in regard to the
taxation OF the stock on hand is as follows:
There shall be assessed and collected, with
the exceptions hereinafter in this section
provided Tor upon all the articles enumer
ated in this section which were manufac
tured, imported and removed from factory
or custom house before the passage of this
act bearing stamps affixed to such articles
for the payment of the taxes thereon, and
Cancelled subsequent to April II, 1898, and
which articles at the time of the pas
sage of this act held and intended for same
by any person, a tax equal to one-half the
difference between the tax already paid on
such articles at the time of removal from
the factory or custom house and the tax
levied in this act upon such articles. Deal
ers having on hand less than 1,0t0 pounds
of manufactured tobacco and 20GtJ cigars
or cigarettes on the day succeeding the
date of the passage of the bill are relieved
from the necessity of making returns, and
thus relieved from the necessity of paying
the tax.
sessment and collection of the tobacco
taxes there is appropriated 100000
The commissioner of internal revenue is
authorized to employ internal revenue
agents, in addition to the number now au-
thorZed.
Tobacco Dealers and Manufac turers.
Dealers in leaf tobacco whose annual
sales do not exceed $1,000 pounds each, Sc.
Those whose annual sales exceed $1,000 and
not 100000 pounds, s12, and if their annual
sales exceed 100000 pounds, $24. Dealers in
other tobacco whose annual sales exceed
$1,000 pounds, s12. Those selling their own
products at the place of manufacture are
exempted from this tax. Manufacturers of
tobacco whose annual sales do not exceed
.GOUo pounds, Sc. Manufacturers whose
sales exceed $1,000 and not 100000 pounds.
81. Manufacturers whose sales exceed
100000 pounds. s24. Manufacturers of eli
CARS whose annual sales do not exceed
sales exceed 100 90 and not 100000 cigars
ST.. Manufacturers whose sales exceed
10000 cigars. 81. ANY person who carries
on the business for which special taxes are
imposed by this act without having paid
the special tax is made guilty of INSIDE
meanor the penalty being a fine of from
800 to $500 or Imprisonment for not more
than six months, or both.
1t is provided that until appropriate
stamps are prepared and furnished the
stamps heretofore used to denote the pay
ment of the internal revenue tax on fer
mented liquors tobacco. snuff, cigars and
cigarettes may be imprinted with a suitable
device TO denote the new rate of tax. and
shall be affixed to all packages containing
such articles which the tax imposed by
this act is paid
Adhesive Stamps.
Section provides that II any person or
persons shall make. sign or issue any in
strument or paper of any description with
out its being stamped he shall be guilty
of a misdemeanor. the penalty being 800,
at the discretion of the court.
Section provides penalty of fine not
exceeding $1,000 or Imprisonment for a
term not exceeding five years, or BOTH for
counterfeiting the stamps, and the penalty
ia. do. .,nrlxy oil h,x