The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1898-06-18
BOTH HOUSES AGREE.
The War Revenue Measure Passed
by Congress.
n. Abstract OF It's Most Important
Features of Taxation-The Bond
Issue - The silver
Clause.

enue bill Vote, ia 10 l1. The following
On an abstract of the most important pro-
visions OF the bin. 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 Its passage, ex-
cept as otherwise specially provided for;
A 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 gal
Ions. and at like rate for any other guam
atty or fractional parts OF barrel. with
discount OF Th per cent on all sales by col
tectors TO brewers OF the stamps provided
for the payment OF the tax.
Special Taxes from July 4.
1. Bankers employing a capital not ex-
'oeeding $4,000. $50; employing a capital ex-
ceeding $4,000. for every additional thou
sand dollars. 81. surplus included in capt.
cal. The amount or such annual tax TO be
, pomputed on the basis OF the capital and
: surplus for the preceding fiscal year Saw
fngs banks having no capital stock, and
whose business In confined 10 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.
o Brokers' $50. but any person having
paid the special taxes as a banker shall not
be required TO pay the special tax as
broker.
q Pawnbrokers, $50.
a. Commercial brokers. $40.
O. Custom house brokers, SO
O. Proprietors OF theaters museums and
concert halls In cities OF more than $1,000
population. 800.
2. Circuses, 500. No special tax paid in
enc state Ia to exempt exhibitions from
the tax In another state, though but one
special tax is TO be imposed for exhibitions
within any one state.
g. Proprietors or agents OF all other public
exhibitions or shows for money, not emu
unerated here, $40.
O. Bowling alleys and billiard rooms. IS
for each alley or table.
Eobacco, Cigars, Cigarettes and Snuf.
In lieu OF the tax now imposed by law. a
OAK OF ~ cents per pound upon all tobacco
and snuff, however prepared. manufac-
tured and sold, or removed for consump-
ftion sale upon cigars and cigarettes
manufactured and sold or removed for
consumption or sale, the following taxes TO
be paid by the manufacturer: 50 60 per thou
sand on cigars Weighing more than three
pounds per thousand; 81 per thousand on
cigars weighing not more than pounds
per thousand: $500 per thousand on Gig
arettes weighing more than pounds per
thousand and sl.60 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
~ ounces. 2h ounces and l-s ounces re-
Gpectively, and In addition 20 packages now
authorized by law there may be packages
containing one ounce OF smoking tobacco.
Insurance.
IIFE-On each policy for each 800. 10
cents on the amount Insured. Policies on
the Industrial or weekly plan, 20 per cent.
of the amount OF the first weekly premium
ts charged. Fraternal beneficiary societies
and orders, farmers purely local cooper
alive companies, employees relief associa-
lions operated on the lodge system or local
cooperative plan, organized and conducted
solely by the members thereof. for the ex
elusive benefit OF It's members and not for
profit" are exempted
MARINE, INLAND FIRT-On each poll
rcT one-balf or one cent on each dollar.
Cooperative and mutual companies are ex-
3mpted.
CASUALTY. FIDELITY. GUARANTEE
---Icach policy and each bond for the per-
Torrance OF the duties OF any Office or posi-
tion or other obligation OF the nature OF In
IDENTITY, and each contract or obligation
SyEsra ntccing the validity OF bonds or other
obligations issued by any state, county.
municipal or other public body, or guar
anteeing titles to real estate or mercan-
-tfie credits executed or guaranteed by any
surety company upon the amount OF pre-
miUm charged, one-half OF one cent on each
dollar.
Proprietary Articles.
Medicinal proprietary articles and prep
erutIons: Upon every packet. box. bottle,
any pills. powders, tincturee, troches or
1ozenges, sirups, cordials. bitters, ano-
dynes, tonics. plasters. llniments, salves.
ointments, pastes, drops. waters Except
natural spring waters and carbonated nat
ural spring waters). essences. spirits. oils
III a o. .V.a
eitIons 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 Ave
cents. one-eighth OF one cent tax: when the
retail price Is between and 10 cents one
fourth OF one cent; between 10 and Is cents.
fhree-eighths or n cert; between is and rs
cents, hve-eighths OF n cent, and for each
additional 20 cents in value. nve-eighths
OF cent tax Perf1mery and cosmetics
and other similar articles used as appllca-
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 onn cent tax; when the
price II between and ID cents. one-quarter
OF a cent; between 10 and 10 cents. three
sighths OF a cent between 10 and Is cents,
nve-cighths OF a cent: each additional rs
cents In value. hve-eighths OF a cent tax.
Chewing gum. each package OF not more
than 81 retail value. cents. and for each
additional dollar 4 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-
ceeding $4,000 I'm personal property Is pro-
vided az follows; On sums between &c.,
600 and s25.Ooo-first, on benefits TO the llneal
ISSUE or ineal ancestor. brother or sister OF
the deceased, at the rate OF rs cents for
every $780, second, 20 the descendant OF
brother or sister. at the rate OF $50 for
every 500; third. 90 the brother or sister OF
the father or mother. or n Descendant OF a
brother or sister OF the father or mother.
at the rate OF 81 for every 800; fourth. 20 the
brother or sister OF the grandfather or
grandmother, or descendant Of tho broth
err or sister OF the grandfather or grand
smother, 81 for every 500. NTH, 20 those OF
any other degree OF collateral consanguln-
fty or strangers In blood or n body polite
or corporate. at the rate OF 81 Tor every
tIo1- All legacies or property passing by