The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-06-30
JINGLE SAN Is RICH
NOT ONLY THAT, BUT HE IS FAST
GETTING TO BE MUCH
RICHER
END OF THE FISCAL YEAR
SHOWS SEVENTY-STX MILLIONS EX-
CESS OF RECEIPTS OVER
DISBURSEMENTS
REV REVENUE LAW MONDAY

NEW KEW EN UE LAW MUNDAY 7
WASHINGTON, June 29.-The COM
parative statement Of the government
receipts and expenditures for the fiscal
year ended today, will show an excess
of receipts over disbursements of ap-
proXimately $I6,00,00O.
This is only about S4,GO0,O0O below the
estimate made by congress at the begin
ming Of the last session in December,
19OO, at which time the secretary esti-
mated the revenue from customs
would be about $245, 100000. the
fnal figures, which will be is
sued next Monday, will probably fall
short of this amount by about $5,0O0,O10.
The receipts from internal revenue
sources were estimated last December
at $3C0000.00O, while the final figures will
show over 1901, coo. The receipts from
miscellaneous sources were estimated at
S34 600,0t0. These will also snow a con-
siderable increase. The expenditures for
the year will be $7,O0O,O0O in excess of the
estimate During the fiscal year 1900,
the surplus revenues amounted to nearly
k24 O00, 900, while the surplus of the
present year will reach $76,OGOCOO and
possibly a still higher figure.
NEW REVENUE LAW.
In view of the fact that the revenue
reduction bill passed at the last ses-
sion OF congress will go into operation
at the beginning of the fiscal year, next
Monday, treasury officials estimate that
the loss from this source will be about
$40000,000. 1t is not expected, however,
that the net reduction from this source
Will reach that amount as the officials
look forward to a year of even greater
prosperity than the one just closed. If
this expectation is realized, the officials
believe that the revenues from internal
sources alone will be not greater than
t30, ,00j, GOO below the figures Of the present
year. 1t is also confidently expected
that the receipts from customs will ma
terially increase during the coming
twelve months, so that notwithstanding
the reduction in the last revenue bill,
the total receipts from all sources may
even reach or exceed those Of the fiscal
year of 1901.
WHERE TAXPAYER SAVES.
These are the taxes that will not be
sxacted after next Sunday:
TwO-cent tax on bank checks
one cent tax on telegraph and tele-
phone messages.
Ten cents on export bills of lading.
Twenty-Five cents on warehouse re-
ceipts.
Two cents on each 500 domestic money
order.
One-half Of per cent on bond by guar
Rntee company.
One-eighth on each cents worth of
Thicty-five cents on certificates of dam
age.
Two cents on certificates OF deposit.
Ten cents on certificates not otherwise
specified.
All charter party taxes.
-Four cents on each 81 worth OF chew
ing gum.
Twenty dollars for commercial brokers.
Two cents on sight drafts.
Twenty-Five cents to Yi on leases.
One cent on express receipts
One dollar to S. on manifests for Gus
tom house entry.
Twenty five Gems on each $3.50 on
trust mortgages and conveyances
One-eighth of a cent on each cents
worth of cosmetics and perfumery.
Ten cents on power of attorney.
Two cents on each 500 promissory
note.
NOTIFICATIONS OF THE LAW.
The law has been modified in these
respects:
On tobacco and snuff, discount of %
per cent, changed to IL cents a pound.
On c-gars weighing not more than three
pounds per LOCO the tax of 81 per 1905
4S changed to Is cents a pound.
On cigars weighing more than three
pounds thousand, $500 is changed to
IS a thousand
The tax of $3.50 a thousand on cigar
cites weighing three pounds a thousa nd
Is changed to Is cents a pound on cigar
cites worth 81 per thousand, and IS
cents pound on those valued at more
than 81 per thousand.
On conveyances q tax OF so cents each
Will be imposed by the law At presf Mt
all less than $500 are exempt, and all
more than $3.50 pay 25 cents for each
tao0.
On beer a fiat rate of $3.50 Internal
revenue will be charged. The present
tax is 81 a barrel, with IA per cent re-
bate. This rebate is repealed. Under
the new law brewers will have Is cents
a barrel.
On foreign exchange the rate will be
changed from 4 cents to q cents per
hundred.
An amendment excluding from taxa
ton legacies Of a charitable, religious,
literary or educational nature went into
effect on March /
Foreign money orders by express or
telegraph are reduced from cents to
g cents per $1O0.
On steamship tickets, on which the tax
now ranges from 81 to IS there Is an ex-
S1upIAO4l VA ltChSIS ClOSIInS less tnaQ
$50.
The tax on sales of merchandise In
actual transit has been repealed.
The tax Of 1 cent for each 500 sold
at exchanges is retained
New taxes imposed, and which have
been inforce since April l, are: $50 spe-
ctal tax on brokers and cents per
500 on bucket shop transactions.
All of the other taxes imposed in the
original revenue act of 1898 are re-
tained.
STAMPS TO BE REDEEMED.
Many persons will have large ouanti-
ties of stamps In their possession after
the legal requirement for their use has
ceased. Any person having stamps for
redemption is instructed to deposit them
with the internal revenue collector fol
the district in which he resides or does
business and to make a claim for the
amount they represent. This claim will
be forwarded to the bureau of internal
revenue, where it will go through Tho
usual red tape and will finally he
audited. A warrant for each claim will
be sent to the collector of the district in
which it originated and he will refund
the money to the claimant. There viii
be hundreds of thousands Of these
claims and much time will necessaril,
elapse before the American public get:
It's money back.