Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1862-09-29

W5bdbish this morning on our first and
fourth pages that portion Of the Tax Law
referring to the imposition of stamp duties
on commercial papers and legal dOou-
ments.
The stamps for this purpose have not
been issued, but it is expected they will be
issued to-day by the Treasury Department.
As soon as received, they viii be kept for
sale at the POstOfice in this city.
The N. z. Tribune says 'In the now
possible event that all the necessary stamps
for Bills Of Exchange, Bills Payable, In
surance Policies &C., may not be prepared
and distributed by the Government in sea-
son for the 1st of October, the following
section to the amendatory act becomes i'm
portant. The object of the section is to
remove the legal disability from all such
instruments, dated within the present year,
which may not be stamped without releas-
ing the penalty for issuing them without
the stamp, when the stamps can be had !"
SEC. .. And be Il further enacted, That
the 95th section Of the act entitled Gan
act to provide internal revenue to support
the Government and pay interest on the
public debt" approved July l, 1862, be so
amended that no instrument, document,
or paper, made, signed, or issued, prior 10
the fret day Of January, 1868, without being
duly stamped, or having thereon an adhe-
sive stamp to denote the duty imposed
thereon, shall for that cause be deemed in
valid and of no effect: ProVidtd, hoUeUer,
that no such instrument, document, or pa
per, shall be admitted or used as evidence
in any court until the same shall have
been duly stamped, nor until the holder
thereof shall have proved to the satisfac-
ton of the Court that he has paid to the
Collector, or Deputy-Collector Of the Dis
trict within which such Court may be
held, the sum Of five dollars for the use of
the United States.
From what the Tribune says, all doeu-
ments required to have stamps on do not
become null and void on account of not
having the appropriate stamp on till the
1st of January next, but that the penalty
will remain in full force aDhen the stamps
can be had
There is a great variety of stamps, as
will be seen by reference to the schedule.
No stamp prepared for any one instru-
ment will answer for any other instrument
For instance-agreement checks, bills
inland, bills foreign, bills of lading, ex-
press, &C., &C., must each have their apprO-
pirate stamp.
There is a great variety Of denomina-
tiOns of stamps-see Bills of Exchange for
instance-but q ten and twenty-cent
stamp will answer in lieu Of a thirty-cent
stamp, and three fve-cent stamps will an
swer in lieu of ffteen-eent stamp, Sc,
provided the stamps are of the appropriate
kind for the instrument.
Stamps must be cancelled, when used, by
writing thereon the initials of the name Of
the person, firm or institution using them.
The absence of the appropriate stamp or
stamps imposes fine Of $50 on the maker
or signer of an instrument and any person
or paying any check, bill, or note
not properly stamped, forfeits 5000; and
all instruments in writing, requiring to
be stamped, and not properly stamped, are
declared null and void.
Every village in the United States must
have its retailer or vendor Of stamps.
All orders for stamps, accompanied by
the cash, viii be promptly filed, as soon as
they are received, which are expected
daily, by addressing
E. COWLES, P. H., Cleveland, Ohio.