The New York herald., 1866-01-29

whole number Of national banks authorized is le2s,
with aggregate capital Of s4o7 9os The amount
Of circulation issued the national banks during the
week is given g. sos 200 Previously, s24o eio
Total, $2ls, 1884, no
bill is before the Senate OF this State giving more
power to the Superintendent OF the Insurance Depart
ment In investigating tho affairs Of marine insurance
companies
The Atlantic and Great Western Railroad Company,
under the of their agreement with the Morris and
Essex Railroad Company, Of New Jersey have already
contracted for the grading Of the whole Of the branch
road from Denvlle 10 Bloomfield This line will pass
through Boonton, Little Falls and the Great Notch In
First Mountain, and will be some twenty-thrce miles
long corps OF engineers are now engaged between
Bloomfield and Paterson in stalking out the proposed
new road, preparatory TO commencing work. the grad
ing this part of the route To be finished during the
present year. and also that portion between Denve ana
Boonton. At the same time the work. on the entire line
or the road Is to be pushed forward with all possible de-
spach aud the contractors hope to have the whole COM
pleted within twelve months
The tranc receipts OF railways in the United Kingdom
Of Great Britain amounted for tho week ending the 0th
Of January on H. 307 miles, TO f6129l0, and for the
corresponding we Z Of last year. on 1887 miles, TO
E57l,l5a, showing an increase Of 40 miles and Of
f4l 75S.
The following circular, having reference TO the
collation. Of adhesive internal stamps is Of
public Interest,"
TREASURY DEPARTMENT,
OFfI0E OF INTERNAL REvExUR, ?
WASHINGTON, Jan 10, 1884 }
In the seth section OF the act Of June So 1884. il is
enacted that IN any and all cases where an adhesive
stamp shall be ID for Genotng any duty imposed by
said act except as hereinafter provided the porson
using or affixng ths same shall write thereupon the
Initials Of his and the date upon which the same Is
attached or used, 50 that the same may not again be
t.atf lhnll.r
Of adhesive stamp TO denote any duty imposed by
said act without eectualy cancolling and obliteratng
the same, except AZ hereinafter provided, he she or
they shall forfeit tho Of fifty dollars
In subsequent part Of the same section II 10 provided
thai the proprietor or proprieors OF any proprietary artce
o. articles subject stamp duty under schedule c,
may in certa designated manner furnish his or their
dies OIL designs for stamps, aud that In all cases
where such stamps are used instead OF his or their
writing the date thereon, the sad stamps shall be so
aix on the boxes bottles packages that In opening
tho same using the contents thereof the stamps shall
b. oectuay Destroyed that In default thereof such
proprietor or proprietors shall forfeit tho sum oi hf
dollars.
offer expose for sale any OF the articles mentioned
schedule shall be deemed the manufacturer thereof,
and subject TO the same penalties aud liabilities
In section l57 the Commissioner of Internal Revenue
Is authorized prescribe such method for the can
collation. Of stamps as he may deem expedient and ef
fectual.
Under the power thus conferred, authority has been
give imprint the initials and date upon stamps In ink
instead of writing them. The imprint must be distinct
II proprietary stamps be 80 affixed to the boxes,
bottles packages, that in opening the same, or In
using the contents thereof they shall and must be
voidaby and ecctualy destroyed they should be can
celled in the ordinary by writing or'imprnting
thereon the initials and date.
Cancellation by writing imprinting the Initials and
date in ink whor by the stamp is made TO correspond In
these particulars with the instrument TO which 1t Is
Affixed Is only the legal but also the most cectua
method against fraud and must be adopted except In the
Of proprietary articles where is otherwise especially
provided for.
FREQ ent reports have reached this Office showing the
law upon this subject very often dsregarded In some
instances stamps used without being obliterated or
destroyed any manner whatever; In others a cross
simply, generally with ink, but sometimes with
pencil Is used hole Is punched through the stamp.
These and similar methods OF cancellation afford little
protection against the Of the stamps second
time. Great frauds nay be and investigation shows,
have been prActsed upon the public revonue in this
manner. Collectors, assessors, inspectors and other
officers OF this bureau arc therefore, instructed TO give
this subject their ,oal attention. 10 bring 10 the
notice Of persons using stamps, and 70 require strict
conformity 10 the law.
II persons after having been fully noticed Of the
quirements Of the sate respecting the canceat OF
stamps and Of their liability for Noncompliance there
with wiruy persist In their fraudulent without
eYcciualy cancelling and obi teratng them In the
ner required BY law legal proceedings should at be
instituted for the recovery OF the pr scrb ID penalty
4. A. ROLLINS, Commissioners.