, 1864-11-07

list or return in duplicate, under oath or allil
nation Of the president or cashier, to the asse,
sor or assistant assessor Of the district in whic
it is located on the first day Of January an
July in each year, or within thirty days there
after, Of the amount Of profits which have az
crued or been earned and received by said BAN
during the six months next preceding said frs
days Of January and July and shall presen
one Of said lists or returns and lay to tie col
lector of the district a duty Of five per ccntun
on such profits; and in case Of default to max
such list or return and payment within the thirt,
days as aforesaid. shall be subject to the pfovi
sions Of the foregoing section Of this act Pro
rided, That when any dividend is made whcI
includes any part Of the surplus or contingen
fund of any bank trust company, savings insti
tuition, insurance or railroad company, which ha
been assessed and the duty paid thereon, tn
amount of duty 50 paid on that portion Of th,
surplus or contingent fund may be deducted from
the duty on such dividend.
Sec. 122. And be 10 further enacted, Tha
any railroad, canal, turnpike, canal navigation
or sackwater company indebted for any money
for which bonds or other evidence of indebted
ness have been issued payable in one or mort
years after date, upon which interest is stipulat
ell to he PAID, or coupons representing the in
ttrest, or any such company that may have de.
clared any dividend in scrip. or money due OF
payable to its stockholders, as part of the earn.
ings, profits, income, Or gains OF such company,
and oil profits Of such company carried TO the
account Of any fund, or used for construction,
shall be subject to and pay duty of five per
centum Oh the amount Of all such interest, or
coupons, dividends, or profits, whenever the
same shall be payable; and said companies ore
hereby authorized to deduct and Withhold from
oil payments, on account Of any interest, or
coupons and dividends due and payable as afore.
said, the duty Of five per centum and the pay.
ment Of the amount Of said duty SO deducted
from the interest, or coupons, or dividends, and
certified by the president or treasurer Of said
company, shall discharge said company from that
amount Of tho dividend, or interest, or coupon,
on the bonds or other evidences Of their indebt-
edness so held by any person or party Whatever,
except where said companies may have con-
tracted otherwise. And list or return shall
be made and rendered to the assessor or assistant
assessor in duplicate and one Of said lists or re-
turns shall be transmitted and the duty paid to
the commissioner Of internal revenue, within
thirty days after the time when said interest.
coupons, or dividends become due and payable,
and as often as every six months and said list
or return shall contain true and faithful ac-
count Of the amount Of the duty, and there
shall be annexed thereto q declaration Of the
president or treasurer Of the company, under
oath or affirmation, in form and manner US may
be prescribed by the commissioner Of internal
revenue, that the same contains true and faith
tul account Of said duty. And for any default
in making or rendering such list or return. with
the declaration annexed, or Of the payment Of
the duty as Aforesaid, the company making such
default shall forfeit us penalty the sum Of one
thousand dollars; and in case Of any default
in making or rendering said list or return, or Of
the payment Of the duty, or any part thereof, Us
the assessment and collection Of the
duty and pchalty shall be made according 10
the provisions Of law in other cases Of neglect
or refusal.
Sec. 1913. And be ii further enacted, That
there shall be levied, collected, and paid, on all
salaries Of officers, or payments for services to
persons in the civil. military, naval, or other
employment or service Of the United States, in.
cluding senator's and representatives and dele
gates in congress, when exceeding the rate Of
six hundred dollars per annum, duty OF five
per centum on the excess above the said six
hundred dollars and ii shall be the duty Of oil
paymasters, and all dsbursing officers, under the
government Of the United States, or in the en-
ploy thereof when making any payments TO OIL
ccrs and persons rs aforesaid, or upon settling
and adjusting tho accounts Of stlch officers anil
persons, to deduct aud withhold tiIr ufcrrNNid
iuty Of five per ccntun, and shall, at the same
limc, make certificate stating the name OF the
)ificcr or person from whom such deduction was
made, and the amount thereof, which shall be
to the Office Of tho commissioner Of
Internal revenue, and entered as part Of the in
ernal duties; and the payroll, receipts, or
account OF officers or persons paying such duty,
Is aforesaid, shall be made to exhibit the fact
II such payment. And II shall be the duty OF
he several auditors Of the Treasury Department,
when auditing the accouts Of any paymastcr or
officer, or when settling or adjust
ng the accounts Of any such officer, to require
.vidence that the duties or taxes mentioned in
his section have been deducted or paid over to
he commissioner Of internal revenue: Proriied,
That payment Of prize money shall be regarded
Is income from salaries, and the duty thereon
hall be adjusted and collected in like manner.
4EGAcIEs AND DIsrRIBUTNE SHARES OF PER-
4. soNAL PROPERTY.
Sec. 1874. ARd be t. further enacted, That
my person or persons having in charge OF
rust, as administrators, executors, Or trus-
lees, any legacies or distributive shares
.rising from personal property, where the
whole amount Of such personal property
Is aforesaid, shall exceed the sum Of one
thousand dollars in actual value, passing,
,fter the passage Of this act, from any per.
son possessed Of such property, either by
will Or by the intestate laws of any State
Dr. Territory, or any personal property or
interest therein, transferred by deed, grant,
bargain, sale, or gift, made or intended to
lake effect in possession or enjoyment after
ihe death Of the grantor or bargainor, to
my person or persons, or to any body or
bodies polite or corporate, in trust or
shall be, aud hereby are, made
subject to duty or tax, to be paid to the
United States, as follows, that is to say:
First. Where the person or persons On.
titled to any beneficial interest In such
shall be the lineal issue or lineal
brother, or sister, to the person
who died possessed Of such property, as
Aforesaid, ut the rate Of one dollar for each
md every hundred dollars Of the clear
value Of such interest in such property.
Second. Where the person or persons
entitled to any beneficial interest In such
property shall be descendant Of brother
Dr. sister Of tho person who died possessed,
rs Aforesaid, at the rate Of two dollars for
each and every hundred dollars Of the