Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1864-03-23
Internal Revenue Matters.

NJ. BLAIR, Postmaster-General.
Internal Revenue Matters.
The following, which was compiled for
the Portage County Democrat, by Horace
Y. Beebe, Assessor of this 18th District,
will be of fuse to the public, and will IN
form them as to some disputed points,
especially in regard to the amount of
stamp duty upon promissory notes:
a promissory note, or memorandum
check, receipt, or other written or print
e | evidence of any amount of money to be
paid on demand, or at a time designated,
given for twenty dollars, or any less
amount, is by the act of March 5, 1868,
subject TO stamp duty, under head of
finland bills of exchange"
The stamp duty required upon a de-
mand note is the same as upon q note for
thirty days.
Promissory notes made payable nomin-
ally on demand, and stamped as demand
notes. lat the rate of one per cen for eE-
cry $500, or n fractional part thereof
but given and received with an under
standing between the parties that demand
of payment will not be made within
thirty-three days from date, are in fraud
of the law, are not appropriately stamp
ed, and when issued on or after the LIST
of June, 1868, and not paid within thirty
three days from date, viii be invalid ard
cfuo effect
Notes made payable on demand, or one
day after date, should be stamped appro-
priately TO the time that they shall, or
may run.
A note stamped for any period less
than six months, and which b. agree
ment is 10 run 8 longer period, becomes
void useless re-stamped-
A renewal of 8 promissory note sub
jects it to the same amount of stamp as
an original note.
A promissory pote which was executed
prior to the passage of the excise law, and
the payment of which, has been subse-
quently TO the passage of that law, ex
tended by agreement, is subject to stamp
duty.
BONDS.
The official bonds of sherifs, c~onstables,
executors, administrators, trustees and
guardians, are each subject to a stamp
duty of fifty cents.
The bonds of all township officers, such
as t~reasurers. supervisors, treasurers of
school districts, and collectors of taxes,
are subject TO like duty.
PERFUyERY, COSMETICS, &c.
All perfumery, cosmetics, hair oil,
pomade, hair dressing, hair restorative,
hair dye, tooth wash, dentri6ce, tooth
paste, aromatic cachous or any similar
articles, used or applied as perfumes, OF
to the hair, mouth or skin,
are subject to stamp duty, whether man
ufactured with or without a private form
ula. They are also equally subject to
stamp duty when sold in irregular pack
ages and quantities, or when sold in reg
ular packages; and also when put up in
to and sold in bottles or packages, fur
by the purchasers. Cologne water
is subject to stamp.
CERTIFICATES AND AGREEMENTS.
The jurat of an affidavit taken before a
other officer authorized to take affidavivts,
is a certificate, and a stamp denoting q
duty of five cents must be affixed by the
party before whom the affidavit is made.
Papers relating to applications for boun-
ties, arrearages of pay, or pensions, made
in pursuance of law, are exempt.
Certificates of election, certificates to
school teachers, certificates of tax sales,
and a certificate of a Justice of the Peace
certifying a transcript, are each subject
to a stamp duty of five cents.
Agreements or contracts between teach
ers and boards of directors to teach.
Agreements or contracts to build or re-
pair school houses.
Description lists, for any purpose, in
the form of an agreement, and appraise-
ments of properly made by a sheriff, are
each subject to a STAN duty of FIVE cents
for each piece or sheet of paper.
The actual value OF an estate conveyed
is the measure of the stamp duty required
upon a deed conveying it.
1t is the duty of the maker of an in
strument to afix and cancel the stamp
required thereon. 1.-The neglects to do SO,
the party to whose use it is made may
stamp before it is used but in no ease
can it be legally used without a stamp
and if issued after the LIST of June: 1868,
and without a stamp, it cannot be after
wards efectually stamped. Any failure
upon the part of the maker of an instru-
ment to properly stamp it, subjects him
to a penalty of fifty dollars.
The time when an instrument is used
may become a question for the courts to
determine /; the safe course will be, for
the party for whose use the instrument is
made (if the maker neglects to afix the
stamp) to afix the proper stamp on the
day the defect in the instrument is dis
covered