Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1898-06-23
PAYING THE WAR TAXES.

Greater New York VIII Contribrte an
Enormous Proportion Under the New
Revenue BnI.
New York, June lG. Tho contribu-
tions from Greater New York to tho
war fund under the Few War Revenue
bill, will he about twice as much as
that of any other city in the country.
There is very little to base calculations
on, but it has been roughly estimated
that this city will spend $40, 600, 600
annually on war taxes.
Tine tax on beer is nominaliy 81 a
barrel. Ii will be 81 under the new
law. IL is expected that something
like $1,000, 600 a year viii lie realized
on beor in this city. The brewers have
refused to puy or even share tho addi-
tional expense, They say TINT the re-.
taller must stand il. Tho retailers ure
not satisfied with this plan at all.
They proposed Enme time ago that the
government quadrupie its pressnt eS.
else charge, which IL $50, and lei them
oil with that This, however, did not
meet with the approval Of the ways aud
means conn ittee, and they rejected ii.
Nav the retailer must get even on the
consumer. lie can do it 10 one OF two
ways, other raise the price glass or
make the glaes smaller. Tho bottlers of
beer decideh soine titno ago to charge 5
cents more dozen for bottled beer, but
thu mau who soils IL over the har 10 still
thinking it over.
Many Of the retailers are growing at
the refusal of the brewers to ebare the
! tax They say that the brewers are
really gamers by the new law. a5 the
government allows them rebate of ~
cents IN their stamps. by charging
retailorH the full amount they will be
| getting Just that much more barrel
than they aver did befors,
TEA AND srAMr TAN.
From the 10. conts a pound tax on tea,
the government expects to reaIizp
about $50, 600, 600 annually 10 the couu-
try. Tea will simply jump up III cents
pound Rfter July LIST and tbs public
will have to pay that much more for
it or 90 without.
Stamps will have to be affixed to all
papers relating to real estate transac
tons -conveyances, deeds, leases, agree
ments, or contracts, mortgages, trust
deeds and powers of attorney.
From real estate transactions in this
city the government will probably de-
rivs about halt million dollars aunu,
ally. The revenue from tho country
from this item of the hill will probably
ba between sl5, coo, 900 ami $50, 600, COO.
WALL STREET REVENUE.
A very large part Of the war tax will
come out of Wall street. Tne tax Of
two cents on each 500 OF stock ant
bouds sales iH heavy one, but the
brokers are not kicking. business or
the Stock Exchange has averaged 100,
600 shares day lately, and if it con
tinues ut that rate the daily assessme1
will be $1,000 On the total sales o
stock last year the revenue would hayI
heen a million and half dollars, apC
there is no reason to believe that it viii
be any less than thst after the fevenu
bill gets in working order. The figure
of the Consolidated Exchange last yea
! would bring it's revenue un to within
5000, 900 Of the Stock Exchange assess
: ment The Produce ami Cotton Elk
changes are let off with a tax of an
cent for 500. This would hiring tn
former's contribution 10 tho war funt
to about $3.50, COO, and the latter'a T.
about $50 600 year.
About the biggest item downtown
. however, will be the tax on hRuk chacks
9 In 1871 the revenue from this sourc
0 was So 3lS, i55 in the country. Tn
tax on bank checks in this city alon
I will probably run up to IS, coo, 600
! year under the War Rovenue law
! From the bank capital tax, this tax O
i foreign bills of exchange, tile tax O
7 the capital stock and funded deht OF u
+ corporations, ami from other taxes i
the financial centre, it is estimated thH
Q 81, 600, 0O0 year will In Ieali2ud. Altt
U gether Wall street will contribute some
g thing like Sl3, 600. 600 year To tine wa
. fund.
Z CIGARS AND IGARETTEs.
!. The tax on tobacco has been raised |
a u cents pound. Some dealers hay
n decided to keep up the sizu OF the mach
= ages and increass tho price. Other
have concluded that it will be a bett,
Il game 10 let the price stay where it il
!. and make the packages smaller. III
a cigar tax Ia not a heavy one, and III
% only difference it will make will /
q that you don't get as good a cigar Il
!, the price as you used to.
i, The cigarette tax lie il thouran
Il and the public will either have to Or
n cents for J-cent box of 10 cigarette
or take box with fewer Cigarettes
- the old price, There ara over 3, OO0 900
"a GOO cigarettes made annually in th
country, aud the war revenue on ths
4 will be about 49, 900, COO Tho annu
n production of tobacco is about 400, 600
- 900 pounds The increased revenue {
/, this amour. would be about sal, 600, 90