Jasper Republican, Volume 1, Number 26, Rensselaer, Jasper County, 12 March 1875 — The New Revenue Bill. [ARTICLE]

The New Revenue Bill.

Th® new Tax and Tariff bill passed by Congress provides as follows: Section f. That from and after the date of passage of thia act there shall he levied and collection all distilled spirits thereafter produced in the United States a tax of ninety cento on each proof gallon, or wine gallon when below proof to be paid by the distiller, owner, or person having possession thereof before removal from the distillery or bonded warehouse, and so rnuch crf Sec. 3,251 of the Revised Statutes of the United States as is inconsistent herewith is repealed. . . Sac. 2. That Bec. 8,368 of the Revised Statues be, and the same is hereby, amended by striking out the words “ twenty cento a pound” and inserting in lien thereof the words “ twenty-four cents a pound:” Providtd. That Sec. 3.394 of the Revised Statues be, and the same is hereby, amended by striking out the word “ five” wherever it occurs therein, and inserting in lien thereof the word “six,” and by Mriking ont the word “ sixty” and inserting seventy-five," increasing the duty on cigars from $5 to «a a thousand and cigarettes from >2.50 to $2.75: Provided, That ’the increase of tax herein provided for shall not apply to tobacco, cigars or cigarettes on which the tax nnder the existing law shall have been paid when this act lakes effect. Sac. 8. That on all molasses, concentrated molasses, tank-bottoms, sirup of sugar, cane-inice, melada. and on sugar according to the Dutch standard color, imported from foreign countries, there shall be levied, collected and paid, in addition to duties now imposed in Schedule G, Sec. 2,504 of the Revised Statutes, an amount equal to 25 per cent, of said duties as levied upon the several articles and grades herein designated: Provided, That concentrated melada or concrete shall hereafter be classed as sugar, dutiable according to the color of the Dutch standard, and melada shall be known and defined as an article made in the process of sugar making, being the cane-inice boiled down to the sugar point, and containing all the sugar and molasses resulting from the boiling process without any process of purging or clarification, and any and all production of sugar-cane imported in bags, mats, baskets or other than light packages shall be considered sugar and dutiable as such: Provided, further, That of the drawback on refined sugar exported, allowed -by Sec. 3.019 of the Revised Statutes of the United States, only 1 per cent, of the amount so Wlowed shall be retained by the United States. Sxo. 4. That so much of Sec. 2,4)3 of the Revised Statutes as provides that only 90 per centum of the several duties and rates of duty imposed on certain articles therein enumerated by Sec. 2,504 shall be levied, collected an* paid be, and the same is hereby, repealed, and the several duties and rates of duty prescribed in said Sec. 2,504 shall be and remain as by that section levied without abatement of 10 per cent., provided in Sec. 2.503. Sxc. 5. That the increase of duties provided by this act shall not apply to any goods, wares or merchandise actually on shipboard or bound to the United States on or before the 10th day cf February. 1875, nor on any such goods, wares or merchandise on deposit in warehouses or public stores at the date of the passage of this act. Sec. 6 provides that nothing in the act of Feb. 8, 1875 (the Little Tariff act), shall be construed to impose any duty on bolting cloths heretofore admilted free of duty, or to require the use of stamps on entries or receipts in of savings banks.