Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1863-03-07

,-57 TnE BANK Tax DIrEcULTY CoM-
rRoMlSED-Tho two Houses of congress
have compromised their differences on thc
bank duty section Of tnc Finance Lii, Us
follows:
All banks, nssocia;ion3, corporations and
individuals issuing notes or hills tor CirculI-
tion rs currency, shall he subject to and pay
a duty Of one per CcntWm each half year
from aud after April /, 1868, upon the
average amount Of the circulation Of notes
or bills, as currency, issued beyond the
amount hereinafter named; that is to say,
banks associations corporations or indiyid-
uals, having Il capital OF not over 100000.
so per Ccntum thereof: over 100000 and
not over 100000, so per ccutum thereof
over $500, 600 and not over 100000. 20
per ccntum thereof; over $500, 900 and not
! over S5OO,000 60 per ccntum thereof; over
! 5000 900 and not over $ 100000, 30 per
Ccntum thereof; over $l,COO,O0O and not
over $l,j00,O00; 40 per ccntum thereof;
over Tl,500,000 and not over S2,0OO,O0O,
30 per centum thereof; over $2,000,OOO,
% per ccntum thereof.
In the case of banks with branches, the
| duty herein provided toI shall be imposed
| upon the circulation Of the notes or bills OF
such branches scvcrally, and not upon the
aggregate circulation of all and the amount
of capital of each shall be considered to hc
/ the amount allotted or used 10y such branch.
| And all such banks, associations or corpora
/ tions, and individuals, shall also be subject
/ to pay duty of Il half of one per ccntum
each half year, from and after April I, 1868,
upon the average amount OF notes or bills
| not otherwise herein taxed, and outstanding
rs currency during the six months next
] la ut f,r
/ And the rates of tax duty imposed on the
/ circulation of associations organized under
| the act to provide national currency, dc,
| shall be the same rs are herein imposed on
| the circulation of all banks, associations,
! corporations and individuals, but shall be
assessed and collected as required 10y the
/ said act
! All banks, associations, corporations and
! individuals issuing or rcissuing notes or
| bills for circulation as currency, &c., after
! April lst 1868, in sums representing any
/ fractional part ota dollar, shall be subject
| to Il duty of five per centum each half year
| thereafter upon the amount of such llac
| tional notes or bill so issued Associations
| corporations, individuals and All banks re-
/ cciving deposits of money subject TO pay
mont In checks or drafts, except savings
I institutions, shall be subject 10 a duty of
| one eighth OF one per ccntum each half year
| from and after April lst, 1868, at the average
amount of such deposits beyond the average
/ amount of their circulating notes or hills
! lawfully issued and out standing as cur
I rcncy, and a list and return shall be made
aud rendered within thirty days after the
| llrst of October, 1868, aud each six months
/ thereafter to lhe Commissioner OF Internal
/ Revenue, which shall contain a true AMI
faithful account Of the amount OF duties
accrued, orNhich shall accrue ON the amount
OF the fractional note circulation, and on
| the average amount Of all other circulation
and deposits Ton the six months neat pre-
ceding