The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1900-12-12
Reducing Stamp Tax.
Republicans Agree on Bill Re.
duCing the War Revenue.

duoisg the tsXstion under the var re-.
venue cot; sher the Republican mem.
bsts OF the committee he'd agreed on
ths form Of che measure and the
articles 10 receive tho reduction Of
ten The bin provides On aggregate
re1eotios estimated at 90, 600, ,848
The chief items Of THE reduction ere
ths ssAop taxes, smounting to 422..
coz. 900; teet. %. .S80 7l2 oigsrs.
3,lee.164; proprietary articles, omit
ti6g wines. %S. .9lS,&4s; The sssi.
uhtsd reductions in dstsil o given
otl1y NJ Psyss As6 q toilows: y
s1asss ta.sea aSia /; cigars. %. .ls9,
s4As etssisa thxse {secsiou H2} com.
usg6ial lsslussG, rtf8S, Sci; custoo
h6ess bsokdtGS t1iet ! icifcns, .>il,t
tAz'S sheseres. >4t;l16 : exhibitions
s6f'' otherwits provided. 1S4 2lS;
ssssc spsoisl ysi,, $2St.6S II
Nshsduls A.llDShk cAs6ks, 81 .o00I,
90 !; Oes1I lsS fdf 1spoSitS i20o,
0q4i 1yell1'3 31tSf3. 0&60; ;pUo5: tro
- e.yss 60 500. 900 !; = Ipo.sIl
o49 9Sft. 1oo2 900; foreign bills Of q.
dBSbge. 100000; export bill Of
lsdings. 800. 900; express receipts,
81. .2,O. 600 ); telephoue- messages, ,
$8l6 600 bouds Of indemnity, $3.50,
600; certificates other than Of pro-
h's. 5000 00v; charter party. >lOO,.
600; brokess' ooutrscss. 500. 900 /;
convey aooss, %. .000, 900; telegraph
dispatches. $500, 900; insurance,
$4,000. 900 :; lesses 5000. 900; mort
gsges. $500 000; pssssge tickets,
4200. 900; power Of attorney, etc !,
800 900; protests $25 000 !; ware
house receipss. $3.50. 900 Total Of
schedule A. So ,242. 900
Schedule B. $4.648, ,283-Less
wines. 100000 %. .s48. .28S; lega
c,es charitable. eto $500, 900
Grand totsl, $40. 600, ,34S
The bill provides . discount of 20
per cent 10 tho tax of $2 per barre,
on beer, IN leo of the present 7l2
per cent reduction. making tho new
rate 81 90 per barrel
The sections Of the wsr revenue
sct taxing commercial brokers Gus
tom bouse brokers. circuses. theatres
and other exhibitions are stricken
out
The rste on cigsrs 10 made S3 in
stesd Of $3 30 per 1000. weighing
more than three pounds per thousand
Schedule A retains the stamp tax
'oD corporate stock. bonds, etc sales.
etc st exchanges or board of trade.
freight receipts. certificates of pro
6ts eatry Of goods at custom house.
snd entry for Withdrawal of goods
from customs bonded warehouse
With these exceptions. the stamp
tsxes aoder schedule A are struck
out Ohsirman Psyne's s.a.ement
gives in detail the stamp taxes omit
ted under schedule A
Sched0le B, which required stamps
on proprietary medicines and physics.
perfenery and eosnetios, chewing
gum. etc. 10 anendsd 90 that spark
liog or other wines ere the only pro
duosa requiring stamps
Section 80 of the war revenue act.
relating to taxes on legscies 10
smeodsd BY sddisg It the end Of
said section the following:
provided. That nothing 10 this
section shAli ho construed TO apply
to bequests or legsoies for uses Of
religious. literary. charitable, or ed
ucational character, including works
Of srt "
Sectlon 80 Of the cot is smeaded
- TO administrative features and
sectioas 10. IL, l8. 10 and 20, are
'epesled. % they relate to admins
'rssive features no longer necessary
Seotiou 80. of the act 10 amended 10
reed % follows:
"Sectioo IS. That for the purpose
OF THE cot the words mixed -four
sbs'l be taken and construed to mean
the food product resulting from the
grinding or mixiug together of
whess. or whest 6our, 90 the princi.
pal constituent, with any other
grain, or the product Of any other
gram. or other material. except such
maeesisl, not tho product or suy
grain. % To commonly used for
baking purposes Provided. That
when the product resulting from the
grinding or mixing together OF wheat
hour with any other grain. or the
product OF sny other grsia, Of which
wness Hour is not the principal con
s''snen' 10 specified 10 the foregoing
definition 10 intended for sale, or 10
sold. or offered for sale az wheat
Hour. such product shall be held to
be mixed -four within the meaning Of
this sct 4"
The bill provides for redeeming
revenue at Am M horotofora ;.,..od -