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The Patowmac Guardian, And Berkeley Advertiser
Martinsburg, Shepherdstown, Berkeley County, Jefferson County, West Virginia
What is this article about?
US House of Representatives passes resolutions in committee of the whole: tax on public stock transfers (53-aye), on bank stocks (unanimous), and duties on tobacco (4 cents) and snuff (8 cents/lb) (59-34), estimated $100,000 revenue.
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In the House of Representatives of the United States, on the 1st inst. in committee of the whole, on the ways and means, Mr. Sherburne in the chair, two resolutions were read; one, that a tax of 5 cents per 100 dollars be laid on every transfer of stock in the public funds: the second, that a similar tax be laid on transfers of stock in any of the other banks of the United States. The 1st, after a long debate, was carried in the affirmative, 53 rising in favor of the motion. The 2d was unanimously agreed to.
A resolution was then read, for laying a duty of 4 cents on all Tobacco, and 8 cents per pound on all Snuff, manufactured in the United States. This resolution, after a long discussion, was also, next day, decided in the affirmative; Yeas 59. Nays 34. The product of this duty, in the report of the select committee, is estimated at 100,000 dollars.
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Where did it happen?
Domestic News Details
Primary Location
United States
Event Date
May 1
Key Persons
Outcome
first resolution passed 53 in favor; second unanimously agreed to; third resolution passed yeas 59, nays 34; estimated product 100,000 dollars
Event Details
In the House of Representatives, in committee of the whole on ways and means, two resolutions on taxes for stock transfers were read and passed; a resolution for duties on tobacco and snuff was discussed and passed the next day