The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1864-07-23
BURLINGTON WEEKLY HAWK-EYE'

Tho Commissioner Of Internal Revenu
has promulgated the following explanator.
Of the new Revenue law, which goes int
effect on the LIST Of August next:
Postage stamps cannot be used in pay
ment Of the duty chargeable on instru
menta,
Il 4 the duty Of the maker Of an instru
ment to affx and cancel thestamp requires
FOR Whose use It is made may stamp It be
fore It il used but In no case can 1t be le
8ally used without any stamp; and if is
sued after the 30th day Of june, 1854, anC
used without . stamp, it cannot be after
ward effectually stamped. Any failure up.
on the part of the maker Of an instrument
70 appropriately stamp It, renders him liza;
BILE 70 . penalty Of 800.
Suits are commenced in many cases by
other process than writ, viz: summons,
warrant, publication, petition, ETC., in
which cases these, a. the original process.
-, severally require stamps.
Writs OF scire IdciGs are subject to stamp
duty as original processes.
The jurat OF an AFFIDAVIT, taken before a
justice Of the Peace, Notary Public, OF
other officer duly authorised to take afii-
davits. is held 70 be certificate, and sub.
Ject to stamp duty Of five cents, except
when taken In suits oflegal proceedings.
Certificates Of loan, in which there shall
appear any written or printed evidence Of
an amount Of money to be paid on de-
mand, or ct q time designated, are subject
to stamp duty ~ "Promissory Notes."
: The assignment Of mortgage IL subject
to the the Same stamp duty a. that imposed
upon the original instrument. that Is tosay,
part thereof OF the amount secured by the
mortgage at the time of its assignment,
there must be affixed . stamp or stamps
denoting duty OF nfty cents.
When two or more persons join In the ex-
ecution Of an instrument, the stamp to
which the instrument is liable under the
law may be affixed and cancelled by any
one of the parties.
In conveyances of real estate, the law
provides that the stamp affixed must an
swer to the value of the estate or interests
conveyed.
No stamp is required on any warrant of
attorney accompanying . bond or note,
when such bondOr note has affixed thereto
tho stamp or stamps denoting the duty re-
Quired; and whenever any bond or note Is
secured by mortgage, but one stamp duty
is required on such papers, such stamp du-
~ being the highest rate required by such
instruments, or either of them. In such
case note or memorandum of the value
or denomination of the stamp affixed
should be made upon the margin or in the
acknowledgment of the instrument which
is not stamped.
What's the matter with the spectators?
Why do their efforts to put their money
into something valuable cease so sudden
lyf Why don't they keep on borrowing
all the currency they can get hold OF, no
matter what the interest, and have that
money in something that won't deprecated
There 10 no use stopping for the simple
York money market. They all pretend to
have good reasons for fancy Investments,
based upon. sound commercial laws Why
do they change their course 20 soOnf Pro-
baby 1t has been discovered that the hold
ing of an hundred millions Of dollars or
more in pork, whisky, -four, grain, &C., un-
III consumers want them, is q practical
sort Of busidess; that il is hard to force in
to use an excess Of the necessaries OF life,
even with the unavoidable waists Of large
army 70 assist, particularly 80 at extrava-
gautly high prices. Possibly the fact that
these commodities are actually perishable,
and Just as likely to become valueless as
the credit Of the Government-K not moro
so-has dawned upon the moro reflective,
after the bull operators In Gold had spent
their force in assailing that credit. 81
A day or tw0's calm in the speculative
storm has probably brought some to the
knowledge that we are just passing
through a splendid harvest season that
plenty Of wheat te ready for the thresher !;
that oats never offered better yield that
corn is giving heavy promise Of sufaciency
FOR all the distillers will want, and all the
hogs can consume that dilapidated army
horses will be made to rejoice over the
best hay they have ever seen; that no
scarcity of barley need alarm the beer
that the fecundity Of female
swine never fails when prices are high. If
it has not their cases are hopeless they
will have to take the consequences OF their
persistent unbelief in the stability of their
and want Of faith In generous
bounties Of an indulgent Providence. We
see and hear II frequently stated that the
collapse Of the speculative bubbles, that
have floated 80 thickly in the financial and
atmosphere, would involve the
Of our National credit but
hiS sort Of clamor only emanates from
hose who are suspendedin these bubbles,
md need not be needed. II these aero.
nauts can't get down to solid earth from
heir financial flights without being hurt,
hey need not imagine that their fall will
,ause = financial earthquake that will en-
yulph the Government war and all, The
Iame material wealth will still exist after
{ shall have slipped from their grasp, and
much more shall have been added BY the
industry Of the people in seeding,
and harvesting.-Cn. Com.
The SERMoN MARKEr.-The sale of SER
mons is very common in England, and q
,ase in point has just been decided in favor
If . plaintiff who had supplied preachers
with their weekly discourses. The case IL
- 49, o. .-,u, r,~A r>-l ~