Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-06-27

OF over hve hundred Thousand ana HOT OveI
one million of dollars, fifty per centum there
of; over one million and not over one million
and half of dollars, forty per centum there
of; over one million and half, and not over
two millions of dollars, thirty per centum
thereof; over two millions of dolors, twenty
fv. per centum thereof. In the case Of thanks
with branches, the duty herein provided for
shall be imposed upon the circulation of the
notes or bills Of such branches severally md
not upon the aggregate circulation Of all;- and
the amount of capital of each branch shall be
considered to be the amount allotted to or
used by such branch; and all such banks,
associations, corporations, and individuals
shall also be subject to and pay duty Of
one-half of one per centum each half year
from and after April first, eighteen hundred
and sixty.three, upon the average amount OF
notes or bills not otherwise herein taxed and
outstanding as currency during the six months
next preceding the return hereinafter provi
ded for; and the rates cf tax or duty imposed
OH the circulation of associations which may
be organized under the act "to provide ma
tional currency, secured by pledge of United
tion and redemption thereof" approved Feb
ruary twenty fifth, eighteen hundred and six
ty-three, shall be the same as that hereby i'm
posed on the circulation and deposits Of all
banks, associations, corporations, OF individu-
ais, but shall be assessed and collected rs re-
quired by this act all banks, associations, or
corporations and individuals issuing or reis-
suing notes or bills for circulation as currency
after April first, eighteen hundred and sixty
three. in sums representing any fractional part
of a dollar, shall be subject to and pay u duty
of five per centum each half year thereafter
upon the amount of such fractional notes or
bills SO issued And all banks, associations
corporations and individuals receiving depos.
its or money subject to payment on check or
draft, except savings institutions shall be SUBJ
.jcct to duty of one-eighth of one per crutum
ench half year from and after April first, eigh-
teen hundred ana sixty lree, upon the aver
age amount Of such deposits beyond the aver.
age amount of their circulating notes or bills
lawfully issued and outstanding as currency.
And list or return shall b. made and rem
dcred within thirty days after the first day Of
October, eighteen hundred and sixtv-three
and each six months thereafter, to the Com
missioner OF Internal Revenue, which shall
contain true and faithful account of the
amount of duties accrued, or which should ac-
cruc on the full amount Of the fractional note
circulation and on the average amount of all
other circulation and of oil such deposits for
the six months next preceding. And there
shall be annexed to every such list or return
declaration, under oath or ofirmation. to be
made in form and manner as shall be pre-
scribed by the Commissioner Of Internal Rev
enue, of the president, or some other proper
officer of said bank, association, corporation or
individual, respectively, that the same con-
tains true and faithful account of the duties
which have accrued, or which should accrue,
and not accounted for; and for any default in
| the delivery Of such list or return, with such
declaration annexed, the bank, association in
corporation, or individual making such default,
shall forfeit. as penalty, the sum of FIVE hum
dred dollars. And such bank, association,
corporation or individual shall, rpon rendering
the list or return as aforesaid, pay to the Com.
| missioner of Internal Revenue the amount Of
the duties due Oh such list or return, aud in
default thereof shall forfeit. as penalty, the
sum of five hundred dollars; and in case of
| neglect or refusal to make such list or return
as aforesaid, for the space of thirty days after
| the time when said list should have been made
| or rendered, or when said duties shall have
become due old payable. the assessment aud
collection shall be made according to the gen.
eral provisions prescribed in an act entitled
AN net to provide internal revenue to sup
port tho Government and to pay interest on
the public debt" approved July one. eighteen
hundred and sixty-,wo.
Sec. s. And be II further enacted, That
| in order to prevent and punish counterfeitiug
J,l., IL = IL,
aud fractional currency authorized to be is.
sued by this pct, all the provisions Of the
sixth and seventh sections Of the act entitled
An act to authorize the issue Of United
States notes, and for the redemption or fund.
ing thereof and for funding the floating debt
of tho United States" approved February
twenty fifth, eighteen hundred and sixty-two,
shall, so far as applicable. apply to the bonds,
notes md fractional currency hereby author
lied to BE- issued, in like manner as II the said
sixth and seventh sections were hereby
adopted as additional sections of this act
And the provisions and penalties Of said sixth
and seventh sections shall extend and apply
to all persons who shall initiate counterfeit,
make or sell any paper such as that used, or
provided to be used, for the fractional notes
prepared, or to be prepared, in the Treasury
Department building, aud to all official, Of the
Treasury Department engaged in engraving
and preparing the bonds, notes, and fractional
currency hereby authorized to be issued. and
to all official and unofficial persons in any
manner employed under the provisions Of
this act. And the sum of six hundred thou
sand dollars is hereby appropriated. out Of
any money in the Treasury not otherwise an.
nronriaf.d In snal,1sa tha Sacrat ar;, ~ ti,,
Treasury to carry this act into effect.