Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1901-07-04


since the exigencies of the Spanish
war made large revenues necessary.
So far as the general public is con-
cerned the reICa, law will be chiefly
grateful because ii 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-
Dealed is a fouows: Bank checks, 2
cents; bins of lading for export, 10
cents; bond of obligation by guarantee
company, u of one cent on each
dollar, certificates of damage, 25
cents; certificates Of deposit, cents;
certificates not otherwise secided, 10
cents; charter party, SO to $40; chew
ing gum cents each 81; commercial
brokers, $40; drafts, sight, 2 cents;
express receipts, / cent; insurance,
life, cents on each 500; marine, in
land, fire, II cent on each 81; casualty,
fidelity and guaranty, y cent on each
81; lease. 25 cents to ST. manifest for
custom house entry, 81 to So; mort
gage or conveyance in trust, rs cents
for each $1,000; order for payment OF
money on sight or demand; perfumery
and cosmetics. 1s cent for each 8
cents; power of attorney to vote, 10
cents; power of attorney to sell, 20
cents; promissory notes, cents for
each cents; protest, 5 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 IN
per cent discount, changed to $1.60
per barrel and rs per cent discount
repealed Bills of exchange, foreign,
cents for each 800, changed to 2
cents for each 800 Cigars weighing
more than three pounds per 1000,
$3.50 per 1000, changed to SO per
] 200
Cigaretts weighing not more than
three pounds per 1000, $3.50 per 1000,
changed to valued at not more than 81
per 1000, IS cents per pound; valued
at more than 81 per 1000, 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 $2,5O0 above
50, 500, cents for each $500
Legacies-Law modified so as to
exclude from taxation legacies of
char able, religious, literary, or ed
vocational 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 So;
now exempted below $50 in value; for
each $50, so cents; exceeding $50, in
addition thereto so cents.
Sales of products at exchanges:
One cent for each 800 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 $40,000,OOO a.
year, but there will still be left a nest
egg providing about $60,000,O00 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, 80 for $4,000 and 81 for
each additional $1,000; bonds, de.
bentuTes certificates of Indebtedness,
etc, five cents for each 800; bonds for
indemnity or for due execution or
performance of duties of any office or
position. so cents; broker $50,
brokers contract, 10 cents; certificates
of profits, two cents for each 800;
certificates of stock, original issue,
FIVE cents for each 500; certificates Of
stock transfer. two cents for each
800 (amended to include sales at
bucket shops; cigaretts weighing
more than three pounds per 1000, $3.50
per 1000; custom-house brokers, SO;
dealers in leaf tobacco, Sc to s24, &C
cording to sales; dealers in tobacco,
S12 when sales exceed $4,000 pounds;
drafts, time, or bills of exchange,
inland. two cents for each 800;
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, Sc to s24;
mixed -four. four cents per barrel:
pawn brokers, 500; petroleum and
sugar Tefneries, Il per cent gross
receipts in excess of $3.50 900; proprie-
tors Of bowling alleys or billiard
rooms. So for each alley or table
proprietors of circuses, 800; proprie-
tors Of other public exhibitions. $40;
proprietors Of theaters, museums. and
concert halls. 800: sleeping and
parlor car tickets, one cent; sparkling