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.

Payne Of the ways and means com
mit,ee today introduced the bill re
ducing the ta1stion Under the war re-
venue act, sitter the Republican men,
bers of the committee bsd agreed on
the form Of the measure and the
articles to receive the reduction OF
tax The bin provides an aggregate
reduction estimated at SO, ,O0O.348
The chief items Of this reduction are
the ssAup taxes, amounting to $22,.
600. 900; tee.. 1882 7l2; cigars.
3.l89. 1854; proprietary articles. omit
ting wines. $3.s4s.283 The essi-
mated reductions in detail as given
oat by Mr. Psyne are ss follows:
Beer, $9,s32.5l2; cigars. $3.l89,
76A; specisa taxes fsection q COM
msrciai brokers', 1882 custom
house brokets; $8,l67 :; circus, 9ll,.
144-;; theatres. $47;l18; exhibitions
not otherwise provided. $s4 2lS;
tetal, special tax; $287. $50
Schedule A-Bsnk checks, 81 .o0O.;
600; certiiadosses of deposits, $20o.
o0o; arsits' inland, $500,O0o; pro
msssory as aoees. So 50U.o00 postal
orders. $500 900; foreign bills of ex.
change, 100000; export bill of
ladings. $4,000 express receipts,
81 2,O, 600; telephone messages,
| 1915 600; bonds of indemnity, $3.50,
600; certificates other than of pro-
fits. 5000 0ov; charter party. $780,
| GOO; brokers' contracts. 100000;
| conveyauces, $4,000, 900; telegraph
dispatches. 100000; insurance.
So, ,0o0, 900; leases 5000. 900; mort
| gsges, $500 0oo; passage tickets,
5000. 600; power of attorney, etc I,
sloo 900 protests $25 oe0; ware
house receipts, $250.OOo Total of
schedule A. $:2,242,0o0
Schedule B. S4.54e. e.2S3-Less
| wines, 100000 $3s48 2S3; lega
c,es charitable. etc $500, 900
| Grand total, $40. .000.3 .348
The bill provides discount of 20
per cent in the tax of 81 per barrel
| on beer, in lieu of the present I l 2
per cent reduction, making the new
| rate 81 so per barrel
The sections of the war revenue
! act taxing commercial brokers Gus
tom bouse brokers, circuses. theatres
| and other exhibitions are stricken
out
Tie rate on cigars ls made So in
stead of So 80 per 1,ooo. weighing
more than three pounds per thousand
Schedule A retains the stamp tax
on corporate stock. bonds, etc sales,
etc at exchanges or board of trade,
freight receipts. certificates of pro
Cts entry of goods at custom house.
and eatry for Withdrawal of goods
from customs bonded warehouse
With these exceptions. the stamp
taxes under schedule A are struck
out Chairman Payne's statement
gives in detail the stamp taxes omit
ted under schedule A
Schedule B, which required stamps
on proprietary medicines and physics,
perfamery and cosmetics. chewing
gum, etc. is amended 80 that spark
ling or other wines are the only pro-
ducts requiring stamps
/ Section 20 of the war revenue act,
relating to taxes on legacies is
amended by adding ut the end OF
said section the following
provided, That nothing in this
section sball be construed to apply
to bequests or legacies for uses Of
religions, literary, charitable, or ed
ucational character, including works
of art :"
Section 80 of the act is amended
as 20 administrative features and
sections 10, IL, l8. l9 and 20, are
repealed. as they relate to admins
trative features no logger necessary
Section IS. of the act is amended to
read ss follows:
Section 35, That for the purpose
of this act tue words mixed -four
shall be takeo aud construed to mean
the food product resulting from the
grinding or mixing together of
wheat. or wheat -four, as the princi-
pal constituent, with any other
grain, OF the product of any other
grain, or other material. except such
material, not the product or any
grain, as is commonly used for
baking purposes Provided, That
when the product resulting from the
grinding or mixing together OF wheat
-four with any other grain. or the
product of any other graia, of which
wheat -four is not the principal con
stituent as specified in the foregoing
definition is intended for eale, or is
sold, or offered for sale as wheat
-four, such product shall be held to
be mixed -four within the meen'pg of