New-York tribune., 1902-07-02
QUIETM COL. TREATS OFFICE
REPEAL OF TAX WILL LESSEN RE-
CEIPTs OF LOCAL OFFICE
BY S15.ooO.0oo.

For the first time in many months there was conn
parative quiet yesterday In the Office of Colonel
Treat Collector Of Internal Revenue for the Second
District of New-York. The clerks did not have such
long columns of figures to add such large rolls Of
money TO count The cashiers window where
usually a long line OF clerks waited documentary
stamps was practically deserted. and that over
worked official enjoyed well earned rest
Through the repeal Of the war taxes the govern
ment relinquishes yearly income OF s730ooOoo In
the district over which Colonel Treat presides the
most important in the United States. the receipts
will fall from s1s5Oo.Oo0 yearly to about ss5O0Ooo
Wall Street alone has used since the tax was
instituted $4,000 of documentary stamps daily. the
law requiring 81 hundred shares on all stock
transactions
THE special taxes which ended to-day" said
Colonel Treat Included a tax of $50 on banking
concerns and 81 each $1,000 of it's capital The
special tax is removed from brokers. dealers in
grain, securities. pawnbrokers, custom house brok-
ers theatres. public exhibitions circuses. bowling
alleys. billiard and dealers and manufactur-
ers OF tobacco. The stamp taxes also repealed
on instruments. papers or documents. deliveries
transfers of stocks and sales and agreements OF
sales or agreements to sell stocks. products or mer
chandise. seats in parlor cars. wines. and excise
tax persons. firms. companies or corporations
gagged in refining petroleum and sugar
"Of course. there is general rejoicing that the
stamp tax has been repealed" continued Colonel
Treat. but nowhere is the joy as real as in wan
Street. Such members OF the Stock Exchange who
deal only on their own account have felt the tax
heavily. 1t has meant much as $4,000 yearly to
some of them Then the general specializing and in
vestng public will rejoice, the tax was always
charged up to them by their brokers. and TO those
compelled TO pay was by no means small one
While the clerical work in Colonel Treats once
will be materially lessened there will not be cor
responding reduction Of employees This Is due 70 the
fact that the collector anticipated the repeal OF the
tax and thought IL best to increase the WORK OF the
slightly than TO employ additional men, only 70
discharge them later. While there will be slight
reduction IN the number or clerks. the IOrce re-
manning will be considerably larger than in 1883 be-
fore the tax was established. the business OF
the Office having increased in the mean time IN
other directions It is said that despite the present
reduction the government Will receive about
SIS 00o, coo annually than IL did IN 1888.
The law passed by Congress last spring taxing
oleomargarine and various classes Of butter oecae
operative yesterday. Under this law oleOmargarine.
If colored, Is taxed the OF 10 cents pound.
and IL uncOlOred, one-Quarter or cent pound.
Renovated process butter IS TO pay tax or one
quarter of a cent pound. and adulterated butter.
or butter into which any acid alkau OF other
foreign substance is introduced whether for the
purpose of removing rancdity or odor or or causing
the absorption of abnormal quantities or water or
other fluids, pay 10 cents pound tax Special
license to be levied as follows: On manu-
facturers OF adulterated butter, 5000 year; manu-
facturers Of process renovated butter $50; whole
sale dealers in aduterated butter, $3.50; retail deal
in adulterated butter. S+S year; wholesale and
retail dealers vending no other oleomargarire or
quarter of cent pound IS imposed, 800 and S.
respectively. ANY who sells in quantities less
than ten pounds at one time will be considered r
retail dealer.