The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1862-11-01
CNt this Out.

later battles of Corinth and Fukaa
CNt this Out.
The following is q list of duties agreed o.
an legal between Commissioner Boutwell, an,
q committee of the New York banks. 1t viii
ba found useful, in the business Of every
man who draws check or signs q note
preserve il:
!. Agreements or contracts other than thos
hereafter named, for such sh yet or piece q
paper upon which the same shall be writ
ten, five cents. o.
2. Checks, drafs or orders for She pay
mant ofmoney, payable at sight or on
| demand, fox epY sum exceeding $40,
each two cents. O:
8. Inland bills Of exchange, drafts,
| checks or orders drawn upon places
other than the place Of issue, If nav.
ble at sight or on demand, or subject
to the same rate OF tox, viz two cts. 0:
4. Irland bills of exchange, drafts or
orders for the payment of money 9th.
erwise than at sight or on demand,
and al promissory notes on demand
or on time (exeeptins bank notes,
Exceeding $40 and not exceeding 500 Os
Exceeding 100 and not exceeding goo 10
Exceeding 200 and not exceeding $50 10
Exceeding $50 and not exceeding 500 20
Exceeding 500 and not exceeding $50 &c
Exceeding Es0 and not exceeding 1000 40
Exceeding 1000 and not exceeding 1900 &C
Exceeding 1900 and not exceeding
2.500 OC
Exceeding $500 and not exceeding
5000 / so
And for every additiopal $500, or
q part Of 2, $500, one dollar. 90
8. Foreign bills ofexchange drawn out
of but payable in the United States,
and all such bills drawn in, but pay
able out Of the United States "when
drawn singiy or otherwise than in
set cf three or more,n and oil letters
Of credit pay the same rates of duty
rs in the preceding schedule.
6. Bills of exchange drawn in. but pay.
able out Of the United States, ''if
drawn in . set Of three Or more," for
every bill Of each set, not exceeding
$50. or its equivalent, three cents. 03
Exceeding $3.50 and not ex ,eed;ng $3.50 O5
Exceeding $50 and not exceeding 500 Is
Exceeding 500 and not exceeding 1000 Is
Exceeding 1000 and not exceeding 1900 90
Exceeding 1900 and not exceeding $500 80
Exceeding $500 and not exceeding $500 SO
Exceeding $500 and not exceeding 5000 20
Axceeding 5000 and not exceeding 1000 90
And for every additional $500, or part
thereof 40
Z. Bonds of Indemnity, fifty cents. 80
8. Certificates Of stock in any in
corporated company, each twenty
flve cents. 25
9. Certificates of deposit Of bank trust
company, banker or person acting as
such, not exceeding $l00, two cents. %
Exceeding 800, five cents, 05
10. Power Of Attorney
For sale or transfer Of stock or bonds,
or for thecollection Of dividends or
interest, twenty-five cents, 25
Or proxy for voting at an election, ten
cents, 10
For receiving or collecting rents, 25
General Powers
For all purposes other than those above
specified, 90
NorE-General powers win not be valid
for the specified object above named, with
out the addition Of the stamp required there
for,
II. Protests, each, twenty GENTS, 90
II. Tax on oil dividends, and on all
sums added in surplus or contingent
funds, Three per cent.
13. Stamps issued for specific instru-
ments cannot be used for any other,
AA \
IA. The person using or afflxing stamp
must write thereupon the initials of
his name, and the date when used.
(Section 99)
The penalty for making, signing. or issu-
ing any instrument, document, or paper Of
any kind, without the same having thereon
a stamp to DENOTE che duty. is 6itY dollars,
and such paper win be invalid and Of no
effect (Section 95.)
The certificate Of che ecks, already duly
stamped, win require no additional stamp
ioF such certifcatiap,
The stamp tax upon protests should be
sdded TO the expense thereof
All dividends Of coupons, payable prior to
or on Sept. l, 1859, although paid after that
day, are exempt from the operations Of the
law.
Checks dated, or payable ahead, are SUBJ
ject to taxation as promlssorv notes.
Stamps are not required upon documents
made prior to October LIST, 1862, excepting
upon foreign bills Of exchange, which must
be stamped on acceptance.
The committee recommends, as q simple
and conyenient method, that the three cents
per cent tax required upon dividends and
surplus profits, be deducted by banks, in
gross from the net earnings before the dec
laration Of fdiv;dends. Dividends then de-
clared would be Zee from tax. The three
per cent thus withheld must be paid 10 the
United States within thirty days from the
date on which such dividends are payable,
under penalty of Eve hundred dollars for
default. [Sec. s9.l
Stamps must be affixed to all documents
BY the party issuing the same, baicre pre-
sentation at banks: and oil documents issued
by bank must be stamped by it before de-
livery, As required by resolution unanimous.
y passed at meeting Of bank officers,
Sept. 1.
Stamps in amounts of fifty dollars and
over, can be obtained Of the Commissioners
IF Internal Revenue, as per scheduld here
unto annexed, for which commission Of not
Eve per cent, 10 stamps, will be
.lloueI