Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1865-08-17
LAWS OF THE UNITED STATES,
Passed al ne Jirsl Ssg,ion efths ihIrly-tlgNW
Congress,

| IPUBIe-No. ISL
| AN ACT to provide internal revenue to sup
port the government, TO pay interest on the
! public debt and for other purposes,
BE IL resolved bg me Senate and H0H'e Qf Repre-
sentatiUes Of The United States Of Ameriea IN Con
| gress assembled,
CONTINUED.
| to!l-road or bridge, as enumerated and desert.
| bed in section one hundred and tlgo, lthrecl Of
| this act or carrying on or doing az express bu
siness; or engaged in the business OF insurance,
| rs herein before described OF owning OF having
the care and management OF any telegraph line,
or owning, possessing, leasing, or having the
| control or management Of any circus theatre,
opera, or museum, shall within twenty days after
! the end of each and every month, make list or
| return in duplicate to the assistant assessor Of
the district, stating the gross amount Of their re-
ceipts, respectively for the month next preceding
which return shall be verified by the oath OF
| Affirmation of such owner, possessor, manager,
agent, or other proper officer, in the manner and
form to be prescribed from time to time by the
| Commissioner Of Internal Revenue; and shall
also pay to the collector the full amount of duties
| which have accrued ON such receipts for the
| month aforesaid. And in case of neglect or re.
fusal TO make said lists or return for the.space OF
| ten days after such return should have been
made as aforesaid, the assessor or assistant asses
| or shall proceed TO estimate the amount Tecei-
we'd and the duties payable thereon, and shall
| add thereto ten per Centum as hereinbefoTe pro-
turn for purposes OF assessmnt; and for the pur.
| pose of making such assessment or of ascertain.
ing the correctness OF any such return, the
books OF any such person, firm, company, or cor
poration shall be sub ject II the inspection of the
assessor or assistant assessor his demand or
request thereof And in case of neglect or re-
fusal to pay the duties, with the addition afore-
said, when the same have been ascertained, for
the space Of ten days after the same shall have
become payable, the owner, possessor, or per.
son having the management as aforesaid, shall
pay, in addition, ten per Centum on the amount
of such duties and addition; 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
every saeh attempt, TO be recovered as provided
in this act for the recovery of penalties And
all provisions of this act in relation to liens and
collections by distraint, not incompatible here
with, shall appEt to this section and the obi cts
therein embraced,
BANKS AND BANKING.
SEC. no And be 1t further enacted, That there
shall be levied, collected, and paid a duty 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 other
wise, whether payable on demand or at some flu
ture day, with any person, bank, association
company or corporation en gagged in the bus mess
OF banking and duty of one twenty-fourth of
one per eentum each month as aforesaid, upon
the average amount of the capital of any bank
ASSOCIATION, company, or corporation, or person
engaged in the business of banking beyond the
amount invested ia United States bonds; and
duty OF one-tweltth Of one per centum each
month, upon the average amount Of circulation
nsued by any bank, association, corporation,
company, or person, including as circulation
all certified checks and all notes and other obi
cations calculated or intended to circulate or to
be nse1sas money, but not including that in the
vault OF the bank, or redeemed and on deposit
for said bank; and an additional duty of one
sixth Of one per centum, each month, upon the
average amount of su h circulation, issued as
aforesaid, beyond the amount of ninety per CEN
tum Of the capital Of any such bank, assoc iation
corporation, company, or person, and upon any
amount of such circulation, beyond the ayeraGs
amount OF the circulation that had been Issued
as aforesaid by any such bank. association,
poratien, company. or person, for the six month
preceding the first day OF July, eighteen hun
dred and sixty four. And on the first Monday
of August next, aud of each month thereafter a
true and accurate return of the amount of cir.
culation, OF deposit and OF capital as aforesaid
for the previous month shall be made and rem
dered in duplicate by each of such banks associ-
atoms, corporations, companies, persons TO
the assessor of the district In which any such
bank, association, corporation, or company NAV
be located, or in which such person may reside,
with declaration annexed thereto, and the
oath affirmation of such person, or OF the pre-
sldent or cashier of such bank association, cor
poratlon or company, in such form and manner
as may be prescribed BY the Commission OF
and faithful statement of the amount of circula-
ton, deposits, and capital aforesaid, subject
to duty as aforesaid, and shall transmit the du-
plicate ofsaid return to the Commissioner of In
tsrnal Revenue, and within twenty days there
after. shall ray to the said Commissioner of In
ternal Revenue the duties herein before prescribed
upon the said amount Of circulation, of deposits
and of capital aforesaid, and for any refusal or
| neglect to make or to render such return and
payment as aforesaid, any snch bank, association
| corporation, COMPANY, or person 50 in default
| shall be subject Wv pay a penalty Of two hun.
dred dollars, besides the additional penalty and
forfeitures in other cases provided in this act {:
| and the amount of circulation, deposit and cap.
ita, as aforesaid, in efaut of the proper return
shall be estimated by the or assistant as
SCISSOR OF the district as aforesaid, upon the best
| reformation he can obtain; and every such pen
| atty, together with the duties as aforesaid, may
| be recovered for the use of the United States in
any court of competent jurisdiction. And in case
| of banks with branches, The duty herein provi-
| ded for shall be imposed upon the circulation of
| each branch, severally, and the amount of cap
ital OF each branch shall be considered to be 1.-THE
| amount allottei to such branch; and 50 much of
| an act entitled AN act to provide ways and
means for the support of the government" ap-
| proved March three, eighteen hundred and sixty
three, as imposes any tax on banks, their cir
culaion, capital, or deposits, other than is here
IN provided, is hereby repealed: Provided, That
this section shall not apply to associations which
taxed under and by virtue of the act f'to pro-
vide national currency, secured by pledge of
United States bonds, and to provide for the cir
culation and redemption thereof nor to any
savings bank having capita stock and whose
| business is confined to receiving deposits and
| loanng the same interest for the benefit of
the depositors only, and which do no other
business of banking: And provided, farther,
That any bank ceasing 10 issue notes for circu-
alton, and whichTshall deposit in the treasury
Of the United States, in lawful money, the
amount of its outstanding circulation, to be re-
deemed at par, under such regulations as the
Secretary of the Treasury may prescribe, shall be
exempt from any tax upon such circulation.
LOTTERIES.
| SIC. Ill. And be ii further enacted, That
every individual partnership, firm, and associ-
alton, being propristors,i managers, or agents of
lotteries, shall pay a tax Of FIVE per centnm on
the gross amount of the receipts from the said
business; and all person making such sales shall
within ten days after the first day of each and
| every month, make and render list or 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; which list shall have annexed
thereto declaration, under oath or affirmation
IN such form and signed by such officer agent,
or clerk, as may be prescribed by the Commiss
Toner OF internal Revenue, that the same is true
and correct, and that the said propretors man.
ayers, and agents shall, on or before the tventi-
eth day OF each any every month, as aforesaid
pay the collector or deputy collector of the pro.
/, 4 Nor Iistri ~ oF =