Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1863-03-10
THE FINANCE BILL.
COMPROMISE on THE sANK DUTY SECTION.

COMPROMISE on THE BANK DUTY SECTION.
WAsHINGroN, Feb %. The two House
have compromised their differences on th
bank duty section Of the Finance bill as fol
lows
All banks, associations, corporations sr indi
viduals issuing notes or bills for circulation Al
currency shall be subject to pay duty Of on'
per ceDtum each half year, from aud after Apr
lst, 1863, upon the average amount Of circula
ton OF bills as currency issued beyond tbs
amount hereafter named, that is to say, banks
associations corporations or individuals having
a capital OF not over $l00,OO0 20 per centu n
thereof, over 500 600 and no. over 5000 900
80 per centum thereof over 100000 and not
over $3OO,000, 70 per centum thereof over
$500 900 and not over $500 900, 60 per centum
thereof over $500,0U0 and not over 5 900 000
30 per centum thereof over 81 900 900 and
not over 81 800 600, 40 per centum thereof ;
over 5 500 900 and not over $4,000 600 30
per centum thereot and not over 81, 500, 900,
70 per centum thereof.
In tho case of banks with branches, the duty
herein provided for shall bo imposed upon the
circulation Of tho notes or bills Of such branches
seVoraly, and not upon the aggregate crcula-
Iion OF all, and the amount OF capital oil each
branch shall b. considered to be tho amount al
Iotted or used by such branch, and all such
banks, associations, corporations or individuals
shall also be subject to a duty Of IL per Gene.
each half year from and after the lst of April
1868, upon the average amount Of notes or
bills not otherwise herein taxed and outstand.
ing as currency during sI months preceding
the return herein provided for.
The rate Of tax duty imposed @ n the circuIs-
ton VI associations organized, and tie act to
provide national currency, etc, shall be the
same as is here imposed on the circulation of
all banks, associations, corporations, and ndI-
ylduas, but snail be assessed and collected as
required by said act.
AL banks, associations, corporations or indl-
Viduss issuing or reissuing notes or bills for
culation or currency, ETC., after April |,
1868, IN sums representing any fractional part
OF dollar, shall be subject to and pay duty
Of five por eentum each half year thereafter up
on tho amount Of such fractional notes or bills
50 issued Associations corporations and in
dlylduals and all banks receiving deposits of
money subject to payment IN checks or drafts,
except savings institutions, shall be subject to
duty Of one eli nth of one per centum each half
year from and after April |, 1868, on the aver
age amount Of such deposits beyond tho average
amount OF their circulating notes or bills law
fully issued and outstand ng as currency, and
list or return shall be made and rendered with
thirty days after the lst day Of October 1868,
and each six months thereafter, to the commis-
sioner Of internal revenue, which shall contain
true and faithful account Of the amount OF
duties accrued or which should accrue on the
amount Of fractional notes in circulation and an
average amount OF all other circulation and de.
posts for the SIX months next preceding,