The Bamberg herald. (Bamberg, S.C.) 1891-1972, August 08, 1918, Page 4, Image 4
LUXURIES TAXED.
Revenue Bill Covers Wide Range.
More Money to Come.
Washington, Aug. 3.?A 10 per
cent, tax on retail sales of a wide
variety of commonly classified luxuries,
from jewelry to meerschaum
pipes and from smoking jackets to
silken hosiery will be recommended
to the full house ways and means
committee Monday as to the result
of today's deliberations of the subcommittee
on luxuries. The semiluxuries,
goods which are in the class
vrrViA^a it ic HiffifMllt tn rtlSMllSTUish
TTU^l V AV vs.*?*4 vv%.w v w ? ^
between the real necessity and the
real luxury, such as clothing, will be
left to a more searching inquiry. <
A general revision of the whole ;
$8,000,000,000 bill being drafted by .
the committee will begin Monday,
to determine where increases may be
made to make up the present deficiency
of a billion and more in the
estimated revenue from excess prof- i
its and income as so far tentatively
agreed upon. Also some doubt is expressed
whether the luxury schedule '
can be made to produce all of the
$2,000,000,000 allotted to it.
"We have been considering tl^e so- 1
called luxuries schedule," said Chair- j
man Hull of the ways and means i
sub-committee on luxuries after to- 1
day's session. "This concerns a va- ,
riety of questions and articles. The
TT"-. V. ort/1 Pron pVi lllYlirV t.AV is
?iU5UOU auu 4 <vuvu ? J ?
based on two schedules of articles,
first articles that are luxuries by
reason of their nature, such as jewelry,
precious stones, goods mounted
with precious metals and so on; and
second, articles deemed luxuries by
reason of the price paid for them, as,
for instance, $75 paid for a suit of
clothes, instead of $40, where the
tax- would rest on the excess over
$40. This plan would extend
through wearing apparel generally
on different bases wrorked out according
to trade conditions."
The subcommittee today in its
& search for taxablte luxuries consider"
. ed all forms of jewelry, silk under- ,
wear, curios and antiques, liveries,
art, except where sold by the artists
% themselves, tapestry, hunting garments,
ladies' driving habits, license
} tax on riding academies, cut glass,
opera glasses, meershaum and amber
pipes, cigar holders and humidors,
smoking jackets and lounging robes,
furs, but not those merely an incidental
part of other clothing, ornamentals
lamps, umbrellas, parasols
and canes when mounted in precious
_ metals and stones, ana line articles.
-When the action is not final, a 10
per cent, tax on practically all of
these things was agreed upon for
ratification by the full committee. *
The tax will be put on the retailer
selling to the customer, the retailer
being expected- to charge enough to
cover the tax.
The committee in its investigation
of taxable luxuries today is understood
to have considered also prices j
on hotel rooms and meals, and hotel
price lists were scrutinized and efforts
made to establish definitions
separating the expensive from the
necessary.
War profits tax additional to the
excess profits and corporation taxes
and the alternative plan to apply
/ either the excess profits or a war
profits plan according to which
would yield the most revenue from
* each concern, will be again before
the full committee next week. President
Wilson let it be known informally
today that he favored a war
Drofits tax in the pending bill but
~ ~ t
jnembers of the committee say the
president has not communicated with
them on the subject.
Representative Moore, one of the
ranking Republicans on the committee
expressed this view tonight:
"The higher and larger incomes
and probably the excess profits could
stand little more than is now contemplated
in the pending bill."
Charleston to be Great Port.
Washington, D. C., Aug 3.?Charleston
will be the great port for all
the contiguous military area, according
to a statement made today by
Gen. Gervey, of the general staff of
the army, in course of a call at the
war department by Senator E. D.
Smith, to urge the advisability of expediting
the use of the South Carox
lina port to relieve the congestion
at New York and elsewhere in the
North.
Gen. Gervey said that Charleston
would be one of the bit supply de- |
. pots and would be used especially
during the winter months.
For reasons of a military nature
the congestion of the ports of New
York and New England has not been
corrected as rapidly as was intended.
Senator Smith said that he and GenGervey
agreed that by a simple process
a portion of this congested traffic
could be diverted to Norfolk and
Charleston, and the senator, who is
chairman of the senate Interstate
Commerce commission, called this
process to the attention of the railroad
administration, whose cooperation
in the plan would be essential.
SUDStaniiai results iu uie near iuture
are expected in the way of increased
oversea traffic at Charleston.
Send it Care of Pershing.
- s
We see that Berlin triumphantly
reports the capture of a number of
American wagons, and if we'd known
that would be so pleasing we would
have sent a cute little red express
wagon for the crown prince to take
singlehanded.?Grand Rapids Press.
LITTLETON COLLEGE.
Hot water heat, electric lights and
other modern improvements. The
37th annual session will begin Sep4.
O Z4-U
IC1UUC1 ^Ulll.
Write for new illustrated catalogue;
also for particulars concerning
our special offer to a few girls
who can not pay cmr catalogue rate.
Address J. M. Rhodes, Littleton, N.
C.
Dr. THOMAS BLACK, JR.
DENTAL SURGEON.
Graduate Dental Department University
of Maryland. Member S. C.
State Dental Association.
Office opposite new post office and
over office of H. M. Graham. Office
hours, 8:30 a. m. to 5:30 p. m.
BAMBERG, S. C.
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Debt is a hard master. >
The way not to have ? debt you cannot pay
is not to make it.
c The "careful" man never makes a debt unless
by doing so he could safely see a bigger "income"
than "out-go."
This is how he grows a fortune.
Are you not going to put your money in our bank
and also grow a fortune?
BANK WITH US.
We p&y four per cent, interest, compounded
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Farmers & Merchants Bank
BHRHARDT, S. C.
/ A
"Over the top"
and "Kere?s looking at you"
is the toast c: u:e troops today
m n I II
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Is "over the top" and here's
to its uniformity, purity
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HI "There's none so good"
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