SCHEDULE OF STAMP DUTIES. REVISED AND CORRECTED TO DATE. STAMP DUTIES UNDER SCHEDULE B. Stamp Duty. BANK CHECK, draft, order, or voucher for the payment of any sum of money whatever drawn upon any bank, banker, or trust company, at sight or on demand.... BILL OF EXCHANGE (foreign), or letter of credit If drawn in sets of three or more, for every bill of And for every additional $100, or fractional part CANCELLATION. In all cases where adhesive stamps are used for denoting the tax upon an instrument, the person or party using or affixing them must so affix them that the entire surface of each and every stamp shall be exposed to view, and must cancel them by writing or imprinting upon each stamp with ink the initials of his name, and the date (year, month, and day) on which the same is attached or used, or by cutting and canceling the same by a machine which shall affix the date, and so cut and deface the stamp as to render it manifestly unfit for re-use, and at the same time shall not so deface the stamp as to prevent its denomination and genuineness from being readily determined. When the stamps are printed upon checks, etc., so that in filling up the instrument the face of the stamp is, and must necessarily be, written across, no other cancellation will be required. PENALTIES. A penalty of $50 is imposed upon every person who makes, signs, or issues, or who causes to be made, signed, or issued, any paper of any kind or description whatever, or who accepts, negotiates, or pays, or who causes to be accepted, negotiated, or paid, any check, draft, order, or voucher drawn upon any bank, banker, or bank company for the payment of any sum of money whatever, without the same being duly stamped, or having thereupon an adhesive stamp for denoting the tax chargeable thereon, canceled in the manner required by law, with intent to evade the provisions of the revenue act. (Sec. 3422 R. S.) A penalty of $50 is imposed upon every person who fraudently makes use of an adhesive stamp to denote the duty required by the revenue act, without effectually canceling and obliterating the same in the manner required by law. (Sec. 3422 R. S.) No bank check, draft, or order required by law to be stamped, which is issued without being stamped, shall be admitted or used in evidence in any court until a legal stamp denoting the amount of tax is applied thereto, as provided by law. It is not lawful to record any instrument, document, or paper, required by law to be stamped, or any copy thereof. unless a stamp or stamps of the proper amount have been affixed and canceled in the manner required by law; and such instrument or copy and the record thereof are utterly null and void, and can not be used or admitted as evidence in any court until the defect has been cured, as provided in section 3422 R. S. GENERAL REMARKS REFERRING TO SCHEDULE B. Revenue stamps may be used indiscriminately upon any of the matters or things enumerated in Schedule B, except proprietary and playing card stamps, for which a special use has been provided. Postage stamps can not be used in payment of the duty chargeable on instruments. The law does not designate which of the parties to an instrument shall furnish the necessary stamp, nor does the commissioner of internal revenue assume to determine that it shall be supplied by one party rather than by another; but if an instrument subject to stamp duty is issued without having the necessary stamp affixed thereto, it can not be recorded, or admitted, or used as evidence in any court, until a legal stamp or stamps, denoting the amount of tax, shall have been affixed as prescribed by law, and the person who thus issues it is liable to a penalty if he omits the stamps with an attempt to evade the provisions of the internal revenue act. STAMP DUTIES UPON ARTICLES IN SCHEDULE C. PROPRIETARY MEDICINES AND PREPARA- Exceeding twenty-five and not exceeding fifty cents Exceeding one dollar, for every additional fifty Officinal preparations, and medicines mixed or FRICTION MATCHES. For and upon every parcel or package of 100 or less........ More than 100 and not more than 200..... For every additional 100 or fractional part thereof. Stamp Duty. Stamp Duty. WAX TAPERS, double the rates for friction matches. CIGAR LIGHTS, made in part of wood, wax, glass, paper, or other materials, in parcels or packages, containing twenty-five lights or less in each parcel or package........ When in parcels or packages containing more than twenty-five and not more than fifty lights.. For every additional twenty-five lights, or frac tional part of that number, one cent additional. PLAYING CARDS. For and upon every pack not exceeding fifty-two cards in number, irrespective of price or value......................... GENERAL REMARKS ON SCHEDULE C. 01 02 05 Perfumery and cosmetics are liable to stamp duty whether sold with the bottle or other enclosure containing them, or in bottles, etc., furnished by the purchaser. Stamps appropriated to denote the duty charged upon articles named in Schedule C, and in the amendments thereto, can not be used for any other purpose, nor can stamps appropriated to denote the duty upon instruments to be used in payment of the duties upon articles enumerated in this schedule. Any person who offers or exposes for sale any of the articles named in Schedule C, or in any of the amendments thereto, whether they are imported or of foreign or domestic manufacture, is to be deemed the manufacturer thereof and subject to all the duties, liabilities, and penalties imposed by law in regard to the sale of domestic articles without the use of the proper stamp or stamps for denoting the tax paid thereon. The stamp tax upon such articles imported or of foreign manufacture is in addition to the import duties. HISTORY OF THE NATIONAL BANKS. DIGEST OF THE LAW, ETC. Be it enacted by the Senate and House of Representatives of the Unitea States of America in Congress assembled, That there shall be established in the Treasury Department a separate Bureau, the chief officer of which shall be denominated the Comptroller of the Currency, who shall be under the general direction of the Secretary of the Treasury. SEC. 5. That associations for carrying on the business of banking may be formed by any number of persons, not less in any case than five, who shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with the provisions of this act, which the association may see fit to adopt for the regulation of the business of the association and the conduct of its affairs, which said articles shall be signed by the persons uniting to form the association, and a copy of them forwarded to the Comptroller of the Currency, to be filed and preserved in his office. SEC. 6. That the persons uniting to form such an association shall, under their hands, make an organization certificate, which shall specify First. The name assumed by such association, which name shall be subject to the approval of the Comptroller. Second. The place where its operations of discount and deposit are to be carried on, designating the State, Territory, or District, and also the particular county and city, town or village. Third. The amount of its capital stock, and the number of shares into which the same shall be divided. Fourth. The names and places of residence of the shareholders, and the number of shares held by each of them. Fifth. A declaration that said certificate is made to enable such persons to avail themselves of the advantages of this act. The said certificate shall be acknowledged before a judge of some court of record or a notary public, and such certificate, with the acknowledgment thereof authenticated by the seal of such court or notary, shall be transmitted to the Comptroller of the Currency, who shall record and carefully preserve the same in his office. Copies of such certificate, duly certified by the Comptroller |