Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1865-04-22
[PUBLlc-NO. 1871

PUBL,c-No. 173.
An ACT to provide Internal Revenue TO-
support the Government, to pay Inter
est on the Public Debt, and for other
Purposes.
(Continmed.)
Sec. l21. 1nd he 1t further enactcd, That
any bank legally authorized to issue notes
as circulation, which shall neglect or omit
to make dividends or additions to its sur
plus or contingent fund as often as once
in six months, shall make list or return
in duplicate, under oath or affirmation of
the president or cashier, to the assessor
or assistant assessor of the district in which
it is located, on the first day of January
and July in each year, or within thirty
days thereafter, Of the amount of profits
(which have accrued or been earned and
received by said bank during the six
months next preceding said first days of
January and July; and shall present one
of said lists Or returns and pay TO the COL
lector of the district duty of five per
centum on such profits; and in case Of
default to make such list o.. return and,
payment within the thirty days as aforo-.
said, shall be subject to the provisions of
the foregoing section of this act.
Sec. 1872. AndbcH further enacted, That
any railroad, canal, turnpike. canal naviga-'
tion, or slackwatcr company indebted for,
any money for which bond. or other evil
dence Of indebtedness have been issued,l
payable in one or more years after date
upon which interests is stipulated to be-
paid, or coupons representing the interest,
or any such company that may have de-,
clared any dividend in scrip, or money due
or payable to its stockholders. as part of
the earnings, profits, income, or gains of
such company, and all profits. income, or,
gains Of such company, and all 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 on the amount of all such intercst, !
or coupons, dividends, or profits, whcnvsrI
the amount of all such interest, or coupons
dividends, or profits, whenever the same
shall be payable; and said companies are
hereby authorized to deduct and with
hold from all payments. on account of ary,
interest, or coupons and dividends due aud
payable as aforesaid, the duty of five per-
centum; and the payment 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 the dividends, or interest, or,
coupon, on the bonds or other indebted
ness 20 held by any peson or party what
ever, except where said companies may
have contracted otherwise.
Sec. l23. And he It further enacted, That
there shall be levied. collected, and paid, :,
oa oil salaries of officers, or payments for
services to persons in the civil. military,
naval, or other employment or service Of
The United States, including senators and
representatives and delegates in congress,
when exceeding the rate of six hundred,
dollars per anuum. a duty Of five per cen,
Ana on the excess above the said six bun
dsed dollars and it shall be the duty Of
IL Payna.ters. and all disbursing officers,
sndes the government Of the United States,
- II the employ thereof, when making
aay payments to officers and persons as,
s6sresaid. OF upon settling and adjusting
the accounts of such officers and persaos.l
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