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sale by any person, a tax equal to onehalf the difference between the tax already paid on such articles at the time of the removal from the factory or custom-house, and the tax levied in this act upon such articles. Dealers must report their stock within thirty days from the passage of the law. Dealers having on hand less than 1.000 pounds of manufactured tobacco and 20,000 cigars or cigarettes on the day succeeding the date of the passage of the bill, are relieved from the necessity of making returns, and thus relieved from the necessity of paying the tax.
The Commissioner of Internal Revenue is authorized to employ ten internal revenue agents in addition to the number now authorized.
DEALERS AND MANUFACTURERS.
After July 1, 1898, dealers in leaf tobacco whose annual sales do not exceed 50,000 pounds, each $6. Those whose annual sales exceed 50,000 and not 100,000, $12, and if their annual sales exceed 100,000 pounds, $24. Dealers in other tobacco whose annual sales exceed 50,000 pounds, $12.
Those selling their own products at the place of manufacture are exempted from this tax. Manufacturers of tobacco whose annual sales do not exceed 50,000 pounds, $6. Manufacturers whose sales exceed 50,000 and not 100,000 pounds, $12; manufacturers whose sales exceed 100,000 pounds, $24. Manufacturers of cigars whose annual sales do not exceed 100,000 cigars, $6; manufacturers whose sales exceed 100,000 and not 200,000 cigars, $12; manufacturers whose sales exceed 200,000 cigars, $24. Any person who carries on the business for which special taxes are imposed by this act without having paid the special tax is made guilty of a misdemeanor, the penalty being a fine of from $100 to $500, or imprisonment for not more than six months, or both.
It is provided that until appropriate stamps are prepared and furnished, the stamps heretofore used to denote the payment of the internal revenue tax on fermented liquors, tobacco, snuff, cigars and cigarettes may be imprinted with a suitable device to denote the new rate of tax, and shall be affixed to all packages containing such articies on which the tax imposed by this act is paid.
ADHESIVE REVENUE STAMPS. The use of revenue stamps, hereinafter prescribed, dates from July
1. These stamps may be supplied by postmasters where revenue collectors are not accessible. When selling amounts to the value of $100 or more, collectors may make a discount of 1 per cent.
The penalty for not affixing stamps to all written instruments or documents not otherwise specified, when signed or issued, is $100. In the case of bills of exchange, $200. Every such document is invalid unless duly stamped. They must not be recorded unless stamped.
A penalty of a fine not exceeding $1,000 or imprisonment for a term not exceeding five years, or both, is imposed for counterfeiting the stamps, and the penalty is made to apply to all persons having any connection with the counterfeiting.
Proprietors of proprietary articles have the privilege of furnishing their own dies or designs for stamps, a failure to perform which act is made a misdemeanor, punishable by a fine of not less than $50 nor more than $500, or by imprisonment of not to exceed six months, or both.
Evasion of the provisions of Schedule B, relative to drugs, medicines, perfumery, etc., is punishable by a fine not to exceed $500 or imprisonment not to exceed six months, or both. The internal revenue tax on these articles is additional to any tariff imposed.
EXEMPTIONS. Government, State, county and municipal bonds are exempt from the operation of the law, and also the stock and bonds issued by co-operative building and loan associations whose capital stock does not exceed $10,000, and building and loan associations or companies that make loans only to their shareholders.
Messages of officers and employes of "he Government on official business, and also the
messages of telegraph and railroad companies over their own lines, are exempt from the tax on telegraph messages.
Uncompounded medicines, or those put up and sold at retail on prescriptions, are not included in the taxable articles, leaving it to apply particularly to proprietary articles,
SCHEDULE A-STAMP TAXES. Bonds, debentures or certificates of indebtedness (issued after July 1) by any association, company or corporation, on each $100 of face value or fraction thereof, five cents, and on each original issue, whether on organization or reorganization, of certificates of stock by any such association, company or corporation, on each $100 of face value or fraction thereof, five cents, and on all sales, or agreements to sell, or memoranda of sales, or deliveries or transfers of shares or certificates of stock, on each $100 of face value or fraction, two cents; in case of sale where the evidence of transfer is shown only by the books of the company, the stamp shall be placed upon such books, and where the change of ownership is by transfer certificate, the stamp shall be placed upon the certificate, and in cases of an agreement to sell or where the transfer is by delivery of the certificate assigned in blank, there shall be made and delivered by the seller to the buyer a bill or memorandum of such sale, to which the stamp shall be affixed. Penalty: A fine of from $500 to $1,000 and imprisonment for six months or both.
Upon each sale or agreement to sell any products or merchandise at any exchange or Board of Trade or other similar place, either for present or future de ivery, for each $100 in value of said sale or agreement of sale or agreement to sell, one cent, and for each additional $100 or fractional part thereof in excess of $100, one cent; provided, that on every
or agreement of sale or agreement to sell there shall be made and delivered by the seller to the buyer a bill, memorandum of such sale, to which there shall be affixed a jawful stamp or stamps in value equal to the amount of the tax on such sale.
Bank check, draft or certificate of deposit not drawing interest, or order for the pay
50 cents; exceeding $500 in value, $1. Entry for the withdrawal of goods from customs bonded warehouse, 50 cents.
INSURANCE. Life-On each policy for each $100, 8 cents on the amount insured. On policies on the industrial or weekly plan, 40 per cent of the amount of the first weekly premium is charged. Monthly returns of first weekly premiums, under oath, are required. Fraternal beneficiary societies and orders, farmers' purely local co-operative companies, employes' relief associations operated on the lodge system or local co-operative plan, “organized and conducted solely by the members thereof for the exclusive benefit of its members and not for profit," are exempted.
Marine, Inland Fire-Each policy onehalf of one cent on each dollar. Co-operative and mutual companies are exempted,
Casualty, Fidelity and Guarantee Each policy and each bund for the performance of the duties of any office or position or other obligation of the nature of indemnity, and each contract obligation guaranteeing the validity of bonds or other obligations issued by any State, county, municipal or other public body, or guaranteeing titles to real estate or mercantile credits executed or guaranteed by any surety company, upon the amount of premium charged one-half of one cent on each dollar,
ment of any sum of money drawn upon or issued by any b-ink, trust company or any person or persons, companies or corporations, two cents.
Bills of exchange (inland), drafts, certificate of deposit drawing interest, or order for the payment of any sum of money otherwise than at sight or on demand, or any promissory note except bank notes issued for circulation, and for each renewal of the same, for a sum not exceeding $100, two cents, and for each additional $100 or fractional part thereof in excess of $100, two cents.
Bills of exchange (foreign) or letters of credit, it drawn singly, for a sum not exceeding $100, four cents, and for each $100 or fractional part thereof in excess of $100, four cents. It drawn in sets of two or more, for every bill of each set, where the sum does not exceed $100, in any foreign currency. two cents, and for each $100 or fractional part in excess of $100, two cents.
Bills of lading or receipt (other than charter party) for any goods or merchandise to be exported to any foreign port or place, 10 cents.
EXPRESS AND FREIGHT. It is made the duty of every rai road or steamboat company, carrier, express company or corporation, or person whose occupation is to act as such, to issue to the shipper or consignor a bill of lading manifest, or other evidence of receipt and forwarding for each shipment received, whether in bulk or in boxes, bales, packages, bundles or not so inclosed or included; and there is to be attached and cancelled to each of said bills of lading, etc., a stamp of the value of one cent. Provided. that but one bill of lading shall be required on bundles or packages of newspapers when inclosed in one genera: bundle at the time of shipment. Penalty, $50.
A tax of one cent is imposed for every telephone message for which over 15 cents is charged. Any telegraphic message one cent.
Indemnifying bonds, 50 cents. CERTIFICATES, DEEDS AND ENTRIES.
Certificates of profits of any association and on all transfers thereof, on each $100 of face value, two cents.
Certificate of damage or otherwise issued by any port warden or marine surveyor, 25 cents. Certificate of any other description, 10 cents. Charter party, if the registered tonnage of the vessel does not exceed 300 tons, $3. Exceeding 300 tons and not exceeding 600 tons, $5. Exceeding 600 tons, $10.
Contract, broker's note, or memorandum of sale of
any goods or merchandise, stocks, bonds exchange, notes of hand, real estate or property of any description issued by brokers or persons acting as such, for each note
or memorandum of sale, 10 cents.
Conveyance or deed for real estate in which the consideration exceeds $100 and does not exceed $500, 50 cents, and for each additional $500, 50 cents.
Entry of goods at any custom house not exceeding $100 in value, 25 cents; exceeding $100 and not exceeding $500 in value,
LEASES AND MORTGAGES. Lease, land or tenement, not exceeding one year, 25 cents; exceeding one year and not exceeding three years, 50 cents; exceeding three years, $i. Manifest for Custom House entry or clearance of cargo for a foreign port, if the registered tonnage of such ship, vessel or steamer does not exceed 300 tons, $1; exceeding 300 tons and not exceeding 600 tons, $3; exceeding 600 tons, $5.
Mortgage of real estate or personal property exceeding $1,000 and not exceeding $1,500, 25 cents, and on each $500 in excess of $1,500, 25 cents. Passage tickets from а port in
the United States to a foreign port, if costing not exceeding $30. $1; costing more than $30 and not exceeding $60, $3; costing more than $60, $5.
Proxy for voting at any election for officers of any incorporated company, except religious, charitable or literary SOcieties or public cemeteries, 10 cents.
Power of attorney, 25 cents. Not to apply to the collection ot ex-soldiers' claims against the Government on account of the military or naval service.
Protest of notes, bills of exchange, acceptance, check or draft or any marine protest, 25 cents. Warehouse receipts, 25 cents. The stamp duties on manifests, bills of lading and passage tickets do not apply to steamboats or other vessels plying between ports of the United States and ports in British North America. SCHEDULE B-PROPRIETARY MEDI
CINES. Upon every packet, box, bottle, pot or phial or other inclosure containing any
pills, powders, tinctures, troches or lozenges, syrups, cordials, bitters, anodynes, tonics, plasters, liniments, salves, ointments, pastes, drops, waters (except natural spring waters and carbonated natural spring waters), essences, spirits, oils and all medicinal preparations or compositions whatsoever, made and sold, or removed for sale by any person, wherein the person making or preparing the same has, or claims to have, any private formula, or any exclusive right, where such packet does not exceed at the retail price 5 cents, one-eighth of one cent tax; when the retail price is between 5 and 10 cents, one-fourth of one. cent; between 10 and 15 Cents, three-eighths of one cent; between 15 and 25 cents, five-eighths of a cent, and, for each additional 25 cents in value, five-eighths of a cent tax.
Perfumery and cosmetics and other similar articles used as applications to the hair, mouth
otherwise used, where the packet, box bottle does not exceed at the retail price 5 cents, one-eighth of one cent tax; when the price is between 5 and 10 cents, onequarter of one cent; between 10 and 15 cents, three-eighths of a cent; between 15 and 25 cents, five-eighths of a cent, and, for each additional 25 cents in value, fiveeighths of one cent
Chewing-gum, each package of not more than $1 retail value, 4 cents, and for each additional dollar 4 cents.
Sparkling or other wines, when bottled for sale, upon each bottle containing one pint or less, one cent; more than one pint, two cents. The stamp is only to be affixed when the article in this schedule is sold.
ant of the brother or sister of the grandfather or grandmother, $4 for every $100.
Fifth-To those of any other degree of collateral consanguinity, ur strangers in blood, or a body politic or corporate, at the rate of $5 for every $100.
Ail legacies or property passing ty will or by the laws of any State or Territory to husband or wife are exempted from tax or duty.
On sums ranging between $25,000 and $100,000 the rates of tax are to be multilied by one and one-halt; on those langing from $100,000 to $500,000 are to be multiplied by iwy; on those ranging from $500,000 to $1,000.000 the rates are to be multiplied by two and onehalf, and on those above $1,000,000 the rates are to be niultiplied by three.
Tlie tax is made a lien upon the property until paid, and it is required that the tax shall he satisfied before the legatee is paid.
CERTIFICATES OF INDEBTEDNESS.
The Secretary of the Treasury is authorized to borrnty from time to time, at a raie of interest not exceeding 3 per cent, such sums as in his judgment may be necessary to meet public expenditures, and to issue certificates of indebtedness in denominations of $50 or some multiple of that sum. Each certificate is made payable at such time, not exceeding one
from the date of its issue, as the Secretary of the Treasury may prescrib:, provided that the amount of such certificates cutstanding shall at no time exceed $100,00,000.
PETROLEUM AND SUGAR.
Every person, firm, corporation or company carrying on or doing the business of refining petroleum or refining sugar, or owning or controlling any pipe line for transporting oil or other products, whose gross annual receipts exceed $250,000, is made subject to pay annually a special excise tax equivalent to one-quarter of one per ceat on the gross amount of all receipts in excess of that sum. Returns must be made monthly. The penalty is a fine of from $1,000 to $10,000.
A stamp tax of 1 cent is to be collected on every seat sold in a palace or parlor car, and on every berth sold in a sleeping-car, the stamp to be affixed to the ticket and paid by the company issuing it.
The Secretary of the Treasury is authorized to borrow on the credit of the Unit:d States from time to time, as the proceeds may be
required to defray expenditures authorized on account of the existing war (such proceeds when received to be used only for the purpose of meeting such war expenditures). the sum of $100,000,000, or so much thereof as may be necessary, and to prepare and issue therefor coupon registered bonds of the United States in denominations of $20 or some multiple of that sum, redeemable in coin at the pleasure of the United States after ten years from the date of their issue, and payable twenty years from such date, and bearing interest payabie quarterly in coin at the rate of 3 per cent per annum. The bonds are to be first offered at par as a popular Ioan. ,
Any portion of any issue of said bonds not subscribed for as above provided may be disposed of by the Secretary of the Treasury at not less than par, under such regulations as he may prescribe, but no commissions shall
pail thereon; and a sum not exceeding onetenth of 1 per cent of the amount of the bonds and certificates herein authorized is hereby appropriated out of any money in the Treasury not otherwise appropriated to pay the expenses of preparing, advertising and issuing the same.
INHERITANCE TAX. A tax on inheritances and legacies exceeding $10,000 on personal property is provided as fo lows:
On sums between $10,000 and $25,000: First-On berefits to the lineal issue or lineal ancestor, brother or sister of the deceased, at the rate of 75 cents for every $100.
Second-To the descendant of a brother or sister, at the rate of $1 50 for every $100.
Third-To the brother or sister of the father or mother, or a descendant of a brother or sister of the father or mother, at the rate of $3 for every 100.
Fourth-To the brother or sister of the grandfather or grandmother, or a descend
COINAGE OF SILVER.
The Secretary of the Treasury is authorized and directed to coin into standard silver dollars, as rapidly as the public interests may require, to an antount, however, of not less than one and one-half millions of dollars in each month, all of the silver bullion now in the Treasury pur-chased in accordance with the provisions of the act approved July 14, 1890, entitled "An Act Directing the Purchase of Silver Bullion and the issue of Treasury Notes Thereon, and for Other Purposes,' and said dollars, when so coined, shall be used and applied in the manner and for the purposes named in said act.
By "mixed fiour" is meant the food product made from wheat, blended with any other grain or material. Persons engaged in making, packing or repacking mixed flour shall pay a special tax at the rate of $12 per annum, and the licenses granted are to be posted in accordance with the provisions of Sections 3,242 and 3,239 of the Revised Statutes, the fines and penalties to be the same as imposed in those sections. They are required to mark each package as mixed flour, and it is to be put up only in original packages. In addition to the annual license, a tax of four cents per barrel is levied upon all mixed flour manufactured, sold or removed for sale. The same rate proportionally is levied on half-barrels. and smaller packages. These provisions take effect sixty days from the passage of the law.
denominations and also for $5,000 and $10,000. They will all be dated August 1, 1898, and draw interest from that date, payable quarterly. They are offered at their par value.
Investors are invited to send in subscriptions to the Secretary of the Treasury, Division of Loan. Washington, D. C. Those who ask for $500 or less will be served immediately; those who want over $500 must wait until after July 14, 1898. At present only $200,000,000 (half of the total issue) are offered for sale.
To make any subscription binding, 2 per cent of the amount must be paid in advance; and the full face value must be paid before the bonds will be delivered. It is recommended that those who want large amounts take their bonds in instalments of only 20 per cent at a time, and not all at once. Suitab.e blanks for making applications are to be provided through National banks and sub-treasuries.
In payment for bonds the Government will accept postal money orders, made payable in Washington, or express company orders payable in New-York, Boston, Philadelphia, Baltimore, Washington, Cincinnati, Chicago. St. Louis, New Orleans or San Francisco. But all orders or drafts must be made payable to the Treasurer of the United States.
There shall be levied, collected and paid upon
tea when imported from foreign countries a duty of 10 cents per pound.
LENDING MONEY TO UNCLE SAM.
It is intended that the common people shall have a chance to lend money to Uncle Sam to help carry on the war. Therefore, some of the new bonds wil: be of very low denominations; and those who subscribe for small amounts will be served first.
There will be two styles of bonds, coupon and registered. Of the former kind the denominations will be $20, $100, $500 and $1,000. of the latter kind will be bonds of
CABINET CHANGES. James A. Gary, of Maryland, having resigned the office of Postmaster-General, he
succeeded April 21 by Charles Emory Smith, of Philadelphia.
John Sherman, of Ohio, resigned the post of Secretary of State on April 25. he was succeeded by William R. Day, from the same State, who, up to that time, had been Assistant Secretary of State under the new Administration. Professor John B. Moore, of Columbia University, NewYork City, was thereupon appointed Assistant Secretary of State.
Theodore Roosevelt, of New-York, resigned the office of Assistant Secretary of the Navy on May 7, and was succeeded by Charles H. Allen, formerly Congressman from the Lowell District of Massachusetts.
.244 Democrats: National Party platform. 30
.185 Diplomatic service of U. S......184 et seq.
256 Divorce laws in States..
42 Elections in various States.. .257 et seq.
235 Erie Canal: Opening and closing dates.330
43 Financial statistics: 132, 133, 134, 135,
138 136, 137. Also see "Gold," "Money"
.172 et seg.
..342 Florida: Area.
.125 et seq.
Guld: Certificates issued.
Greater N. Y. election.
324 et seq.
Indian Territory: Area, etc.