New-York tribune., 1901-06-30
figure viii reach a total Of considerably more thar
100000 for the year Just closing.
GREAT GROWTH OF RECEIPTS.

figure viii reach total Of considerably more than
100000 for the year Just closing
GREAT GROWTH OF RECEIPTS.
The War Revenue act transformed the local IN
ternal revenue collectors office for the Second Dis
trict into q veritabe house. Previous TO
this law the receipts s. 23p0ooo They have
now Increased 10 $1,000 90. making this Office only
second to that Of Peoria. III which is the centre
OF tho great distilling district Of the country Al
that Office the receipts viii probably be from ST.
O0lOoJ TO SIS $1,000
Greater New-York has been heavily taxed under
the War Revenue act. There is collected from
its three offices. namely. the flrst district Brook
lyL, second district. Collector Treats known
the Wall Street District. extending from the Bat
tery Fourteenth-st- the third district under
Collector Eidman. extending from Fourteenth st.
TO the Bron1. about $3S 10000 II IS safe 70 say
that SZO.J000O0 IS collected under the War
Revenue act, or over one-afth the entire amount
OF revenue tax collected In tbe country.
The Law modifying the War Revenue act viii
go into effect tomorrow. and it is expected that
the receipts in the Ncw-York ard Brooklyn dis
trcts Will show a decrease Of nearly slo""co.
WALL STREET PAYS A LOT.
The most notable collections from Collector
Treats Office are those from tie sae Of what Is
known documentary stamps. and OF tho denom-
nations mainly used Wall street transaction
q cent. 50 cent. 81 and especially s. stamps g. IS,
SO 10 ;52 sl00, 500 and 5000 denominations The
receipts foc documentary stamps for the last
twelve raontGs, with June estimated have aSgrc-
gated 8? 81 o5s s. and from proprietary stamps
used IL connection with medicinal articles. $685.
t65 n: from beer stamps and cigar stamps,
ssll 81 e. bankers and brokers licenses known as
This shows that the business in Wall Street fur
nshes about two-thirds Of the revenue OF the
Second District othce; The stamp tax connected
the main tax of 50 per 500 on the sale of stocks
and for the issuance Of stock by new corpora
uon at cents per 500 Is yet retained
The Prouuce Exchange taxes small In COM
parison The tax Of $50 for commercial broker.
which applies TO all members Of the Produce.
ished under the War Revenue act. and this has
caused some jealousy among the stock brokers
month of July. for all special licenses OF brokers
and bankers are taken out July l, which means
month There is great rusn to pay these taxes
be forfeited If not paid before August /
MANY SCHEMES TO DEFRAUD.
Collector Treat says that the propensity the
part Of many persons 10 defraud the government by
the OF washed internal stamps is
Just strong By using chemicals
the ink used in cancelling the engraved stamp and
then regumming ii. the offender is able almost to
defy the governments detectives.
II Is said that the loss TO the government by the
use OF washed documentary stamps has been not
kept this work all the time, and while the
amount used of these stamps has been a great
cause stamps of large denomination manipulated
anord a tremendous temptation for excessive ga
The $1,000 $500 and 800 documentary stamps are
Kept In a vault They come in thin books, and are
machine numbered. The stamps are torn off the
END OF the leaf. leaving long stub, which is
tuily nlled out, giving the purchasers and
the stamp except by the right person. Collector
Treat sold 726 of these $1,000 stamps in the month
the organization OF the United States Steel Cor
poration.