Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1901-07-04

stamps-not all. it is true, but the
many that have proved so vexatious
since the exigencies of the Spanish
war made large revenues necessary.
So far as the general public is con-
cerned the repeal law viii be chiefly
grateful because it abolishes the
stamp taxes on bank checks, tele-
grams, express receipts and money
orders. These are the little taxes,
small in amount but annoying to the
individual. What the people as a
whole will save money on will be the
stamps on conveyances, mortgages,
leases, and bonds.
The full list Of the taxes which is re-
pealed is a fouows: Bank checks, 2
cents; bins of lading for export, 20
cents; bond of obligation by guarantee
company, u of one cent on each
dollar; certificates of damage, Is
cents; certificates of deposit, 2 cents;
certificates not otherwise secified, 10
cents; charter party, So to $40; chew
ing gum, cents each 81; commercial
brokers, $50; drafts, sight, cents;
express receipts, l cent; insurance,
life, 8 cents on each 800; marine, in
land, fire, Il cent on each 81; casualty,
fidelity and guaranty, y cent on each
81; lease, rs cents to 81; manifest for
custom house entry, 81 to S.; mort
gage or conveyance in trust, Is cents
for each $1,000; order for payment Of
money Oh sight or demand perfumery
and cosmetics. Is cent for each 5
cents; power of attorney to vote, 10
cents; power of attorney to sell, rs
cents; promissory notes, cents for
each cents; protest, cents; tele-
graph message, l cent; telephone
message, cent; United States money
orders, cents for each 500; ware
house receipts. 25 cents.
Some of the war taxes have been
modified and will now be collected in
less onerous form, the changes being
as follows: Beer, 81 per barrel and 712
per cent discount, changed to $1.60
per barrel and rs per cent discount
repealed. Bills of exchange, foreign,
cents for each 500, changed to
cents for each $100. Cigars weighing
more than three pounds per 1000,
So go per 1000, changed to So per
| 1000.
| Cigaretts weighing not more than
three pounds per 1000, $3.50 per 1000,
! changed to valued at not more than 81
per 900, Is cents per pound; valued
at more than 81 per 900, SO cents
per pound Cigars weighing not more
than three pounds per 1000, 81 per
| 1000 changed to Is cents per pound.
| Conveyance, so cents for each $500;
now exempted below $4,000; above
| $500, cents for each $500.
| Legacies-Law modified SO as to
exclude from taxation legacies of
charitable, religious, literary, or ed
ucationaI character after March l,
| 1901. Orders for payment of money
by telegraph, etc., drawn in but pay
able out of United States, 2 cents for
each 500. Passage tickes, 81 to S.;
now exempted below $50 in value; for
each $50, so cents; exceeding 500, IN
addition thereto SO cents.
| Sales of products at exchanges:
One cent for each 500 retained, but
sales of merchandise in actual course
of transportation exempted from tax.
Tobacco and snuff. II cents per
! pound; now discount of 20 per cent
allowed.
These reductions and repeats Will
cost the government $40,OO0OO0
wear. but there will still be left nest
egg providing about $60,000,000 more.
The theory of congress was to leave
the taxes on the weather. classes.
| The war revenue taxes retained with
out change include bankers capital
and surplus, so for $4,000 and 81 for
each additional $1,000; bonds, de-
bentures, certificates of Indebtedness,
etc., five cents for each 500; bonds for
indemnity or for due execution or
performance of duties Of any office or
position, so cents; broker, SOU;
brokers' contract, 10 cents; certlncateS
of profits, two cents for each $lOO;
certificates of stock, original issue,
five cents for each 800; certificates or
stock transfer, two cents for eacn
800 (amended to include sales at
bucket shops; cigaretts weighing
more than three pounds per 1000, $3.50
per 1000; custom-house brokers, $lO'
dealers in leaf tobacco, So to S24, &C
cording to sales; dealers in TOBACCO,
s12 when salts exceed 10000 pounds;
drafts. time, or bills Of exchange,
inland, two cents for each SlOJ;
entry of goods at custom-house for
consumption, % cents to 81; entry for
withdrawal, SO cents; freight receipts
or domestic bills of lading, one cent;
manufacturers of cigars, S6 to $24;
mixed flour, four cents per barrel;
paWn-brokers, $40; petroleum anu
sugar refineries, Il per cent gross
receipts in excess. of s250,00O; propr1e- d.
tors of bowling alleys or billiard
rooms. S. for each alley or table;
proprietors of circuses. 500; proprle-
tors of other public exhibitions, $40;
nroprietors of theaters, museums, and
concert halls, 800; sleeping and
parIor car tickets, one cent; sparkling
or other wines, one pint, one cent;
more than one pint, two cents; tea
custome, duty of 100 cents per pound.
Besides these changes in the law
there are two entirely new taxes i'm
posed by the repeal law, which went
into effect on April 1. They are:
Broker, class 2, special tax in adj
ditional to all other special taxes, $50.
Bucket shop transactions, two cents
for each 500. These taxes, OF course,
remain in force after July /, being in
addition to the list of retained taxes