Charles City intelligencer. [volume] (Charles City, Floyd County, Iowa) 1864-1866, 1864-11-24
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tiiue anu snail also pay 10 the COLLECTOR Tn
full amount of duties which have accrued oI
such receipts for the month aforesaid. An,
in case Of neglect or refusal to make said list
or return for the space of ten days after sucl
return should have been made AS aforesaid
the assessor or assistant assessor shall proceed
| to estimate the amount received and the du
ties payable thereon and shall aid theret,
ten per centum as hereinbefore provided il
other cases of delinquency to make return TO
purposes of assessment; and for the purpos
of making such assessment, or rascertaining tn
| correctness Of a. such return, the books o
any such person, firm, company. or corpora
ton shall be subject to the inspection of tn,
assessor or assistant assessor on his demand OF
| request therefor. And in case Of neglect OF
refusal to pay the duties, with the addition
aforesaid, when the same have been ascertain
ed, for the space Of ten days after the same
shall have become payable, the owner, posses
sor, or person having the management as
aforesaid shall pay. in addition, ten per cen.
tum on the amount Of such duties and addi-
ton; and for any attempt knowingly to
evade the payment of such duties, the said
owner. possessor, or person having the care or
management as aforesaid, shall be liable to
pay penalty OF one thousand dollars for eve.
ry such attempt, to be recovered as provided
for in this act for the recovery of penalties.
liens and collections by distraint. not incom-
patible herewith, shall apply to this section
and the objects therein embraced.
BANKS AND BANKING.
Sec no. And be it further enacted, That
there shall be levied, collected, and paid a du-
ty of one twenty fourth of one per centum
each month upon the average amount of the
deposits of money, subject to payment by
check or draft, or represented by certificates
of deposit or otherwise, whether payable on
demand or at some future day, with any per-
son, bank, association, company, or corpora
ton engaged in the business Of banking and
duty of one twenty fourth of one per ccntum
each month as aforesaid. upon the average
amount Of the capital Of any bank associa-
tion, company, or corporation, or person en-
gagged in the business Of banking beyond the
amount invested in United States bonds and
a duty of onetwelfth Of one per centum each
month, upon the average amount of circula-
tion issued by any bank, association, corpora
tion, company, or person, including as circula-
tion all certificate checks and all notes and 9TH
er obligations calculated or intended to circu-
late or to be used rs money, but not including
that In the vault of the bank, or redeemed
and on deposit for said bank; and an addi.
tional duty of ene-sixth OF one per centum,
such circulation. issued as aforesaid. beyond
the amount of ninety per centum Of the capi-
tai of any such bank association corporation.
company, OF person, and upon any amount of
such circulation, beyond the average amount
of the circulation that had been issued as
aforesaid 10y any such bank, association, COR.
poration, company, or person, for the six
months preceding the first day of July, eigh-
teen hundred and sixty-four. And ON the
first Monday of August next, and of each
month thereafter, true and accurate return
OF the amount of circulation, oi deposit, ana
or capital as aforesaid for the previous month
shall be made and rendered in duplicate by
each OF such banks, associations, corporations.
or persons OF the assessor OF the
district in which any such bank, association,
or company may be located, or
in which such person may reside, with dec
laration annexed thereto, and the oath or
of such person, or of the president
or cashier of such bank, association, corpora
ton, or company, in such form and manner
as may be prescribed by the Commissioner Of
Internal Revenue, that the same contains a
true and faithful statement of the amount of
circulation, deposits, and capital as aforesaid,
subject to duty as aforesaid, and shall trans
nit the duplicate of said return to the Com
missioner OF Internal Revenue, and within
twenty days thereafter shall pay to the said
Commissioner of Internal Revenue the duties
hereinbefore prescribed upon the said amount
of circulation, of deposits, and of capital as
aforesaid, and for any refusal or neglect to
make or to render such return and payment
as aforesaid, any such bank. association, cor
poration, company, or person SO in default
shall be subject to and pay a penalty of two
hundred dollars besides the additional penal
ty and torfeitures in other cases provided in
this act ; and the amount Of circulation, de-
posit and capital, as aforesaid, in default of
the proper return, shall lie estimated by the
rs SCISSOR or assistant assessor of the district as
aforesaid, upon the best information he can
obtain and every such penalty, together
with the duties us aforesaid, may be recovered
for the use of the United States in any court
Of competent jurisdiction. And i'm case of
hanks with branches, the duty herein proyi-
ded for shall be imposed upon the circulation
of each branch, seyerally. and the amount of
capital of each branch shall be considered to
be the amount allotted to such branch and
so much of an act entitled I" An act 10 provide
ways and means for the support Of tho Govern
ment, approved March three, eighteen hun
dred and sixty three. as imposes any tax on
banks, their circulation, capital, or deposits,
other than is herein provided, is hereby re-
pealed Proridod, That this section shall not
and by virtue of the act " to provide nation
al currency, secured by pledge Of United
States bonds, and to provide for the circula-
tion and redemption thereof nor to any
savings bank having no capital stock. and
whose business is confined to receiving depos-
its and loaning the same on interest for the
benefit of the depostors only, and which do
no other business of banking And proriied,
further, That any bank ceasing to issue notes
for circulation and which shall deposit in the
treasury Of the United States, in lawful mon
ey, the amount of its outstanding circulation,
to be redeemed mt par, under such regulations
rs the Secretary Of the Treasury may pre-
scribe, shall be exempt from any tax upon
such circulation.
... LOTTERIES. .s.ia
Sec Ill. And be ii further enacted, That
every individual partnership, firm, and associ-
alton, being proprictors, managers, or agents
of lotteries, shall pay tax of five per centum
on the gross amounts Of the receipts from the
said business and all persons making such
sales shall. within ten days after the first day
Of each and every month. make and render
a list OF return in duplicate to the assistant
assessor of the gross amount of such sales,
made as aforesaid, with the amount of duty
which has accrued or should accrue thereon
"niNH tist siistii iihNC " uecI;t-
ration, under oath on Affirmation, in such form
and signed by such officer. agent, or clerk. as
may be prescribed by the Commissioner of In
ternal Revenue, that the same is true and cor
rect, and that the said propnetors, managers.
and agents shall, on or before the twentieth
day Of each and every month. as aforesaid,
pay the collector or deputy collector Of the
proper district the amount of the duty or tax
as aforesaid. And in default OF making such
lists or returns, the said proprietors, manag.
ers and agents, and all other persons making
such sales. shall be subject to and pay a PEN
atty Of one thousand dollars. besides the al.
ditions penalties, and forfeitures in other Gu
SEES provided; and the said proprietors, man.
ayers, and agents shall, In default of paying
the said duty or tax at the time herein reauir.
ed, be subject to and pay penalty Of one
Thousand dollars, or be imprisoned not ex
ceeding one year. In all cases Of delinauenc,
in making said list, return, or payment, tht
assessments and collections shall be made in
the planner prescribed In the provisions OF
this act in relation to manufactures, articles
and products Proeided, That the managers
Of any sanitary fair, or Of any charitable, be
nevolent or religious association, may apply
to the collector of the district and present Il
him proof that the proceeds of any contem
plated lottery, rattle, or gift enterprise will b,
applied to the relief Of sick and wounded sol