The tri-weekly standard. [volume] (Raleigh, N.C.) 1866-1868, 1866-10-25
OCTOBER 25, 1866.

should accrue, and remaining unaccounted
for; and there shall be annexed to every
such list or return a declaration under oath
or affirmation, in manner and form as may
be prescribed by the Commissioner of Inter
nal Revenue, of the president, treasurer, or
some proper officer OF said railroad company
or railroad corporation, that the same con-
tains true and faithful account of the du-
ties so withheld and received during the
time when such duties have accrued or
should accrue, and not accounted for and
for any default iu the making or rendering
of such list or return, with the declaration
annexed, as aforesaid, the person or persons
owning, possessing or having the care or
management of such railroad company or
railroad corporation, making such default
shall forfeit as penalty the sum of five hun
dred dollars; and in case of any default in
making or rendering said list, or of any de-
fault in the payment of the duty, or any
part thereof, accruing or which should ac-
crue, the assessment and collection shall be
made according to the general provisions of
this act.
BANKS, TRUST COMPANIES. SAVINGS
INSTITUTIONS, AND INSURANCE
COMPANIES.
Sec. 80. And he it further enacted, That
on and after the first day of July, eighteen
hundred and sixty-two, there shall be levied
collected and paid, by all banks, trust COM
panies and savings institutions, and by all
fire, marine, life inland, stock, and mutual
insurance companies, under whatever style
or name known or called, of the United
States or Territories, specially incorporated
or existing under general laws, or which
may hereafter be Incorporated or exist as
aforesaid, on all dividends in scrip or money
thereafter declared due or paid to stockhold-
ers, to policy holders, or to depositors, as
part OF the earnings profits, or gains of the
said banks, trust companies, savings institu-
tlons, or insurance companies, and on all
sums added to their surplus or contingen
funds, duty of three per centum: Provi-
ded, That the duties upon the dividends of
life insurance companies shall not be deemed
due, or to be collected until such dividends
shall be payable by such companies. And
said banks, trust companies, savings insti-
tutions, and insurance companies are hereby
authorized and required to deduct and
withhold from all payments made to any
person, persons or party, on account of any
dividends sums of money that may be
due and payable, as aforesaid after the first
day of July, eighteen hundred and siXty-two,
the said duty of three per centum. And a
list or return shall he made and rendered
within thirty days after the time fixed when
such dividends or sums of money shall be
declared due and payable, and often as
every six months to the Commissioner of
Internal Revenue, which shall contain true
and faithful account of the amount of duties
accrued or which should accrue from time
to time, as aforesaid, during the time when
such duties remain unaccounted for, and
there shall be annexed to every such list or
return declaration, under oath or affirma-
tion, to be made in form and manner as
shall be prescribed by the Commissioner of
Internal Revenue, of the president, or some
other proper officer of said bank, trust COM
pany. savings institution, insurance COM
pany respectively, that the same contains a
true and faithful account of the duties which
have accrued or should accrue, and not ac-
counted for, and for any default in the de-
livery of such list or return, with such Clecla-
ration annexed, the bank, trust company,
savings institution, or insurance company
making such default shall forfeit as penal
ty the sum of five hundred dollars.
Sec. 49, And be it further enacted That
any person or persons owning or possessing,
or having the care or management of any
railroad company or railroad corporation,
bank, trust company, savings institution, or
insurance company, as heretofore mentioned
required under this act to make and render
any list or return to the Commissioner of
Internal Revenue, shall, upon rendering the
same, paw to the said Commissioner of In
ternal Revenue the amount of the duties due
on such list or return, and in default thereof
shall forfeit as a penalty the sum of five hun
dred dollars; and in case of neglect or refu-
sal to make such list or return as aforesaid,
or to paw the duties as aforesaid, for the
space of thirty days after the time when
said list should have been made and rem
dered. or when said duties shall have be-
come due and payable, the assessment and
collection shall be made according to the
haro+oforo il,ol in,
this act.
Sec. S4 And be it further enacted, That
on the first day of October, ammo Domini
eighteen hundred and sixty-two and on the
first day of each quarter of year thereafter,
there shall be paid by each insurance COM
pany, whether inland or marine, and by each
individual or association engaged in the
business of insurance from loss or damage
by fire, or by the perils of the sea, the duty
of one per centum upon the gross receipts
for premiums and assessments by such indi
vidual, association, or company during the
quarter then preceding; and like duty shall
be paid by the agent of any foreign insu-
rance company having an Office or doing
business within the United States.
Sec. S5. And be it further enacted, That
on the first day of October next, and on the
first day of each quarter thereafter, an ac-
count shall be made and rendered to the
Commissioner OF Internal revenue Dy all IN
surance companies Or their agents or asso-
Citations, or individuals making insurance,
except life insurance, including agents of all
foreign insurance companies which shall
contain true and faithful account of the
insurance made, renewed, or continued, or
indorsed upon any open policy by said COM
panies or their agents, or associations, or in
dividuals, during the preceding quarter, set
ting forth the amount insured, and the gross
amount received, and the duties accruing
thereon under this act; and there shall be
annexed to and delivered with every such
quarterly account an affidavit, in the form
to be prescribed by the Commissioner of In
ternal Revenue, made by one of the officers
of said company or association or individ-
ual, or by the agent in the case of foreign
company, that the statements in said ac-
counts are in every respect just and true
and such quarterly accounts shall be rem
dered to the Commissioner of Internal Reve-
nue. within thirty days after the expiration
of the quarter for which they shall be made
up, and upon rendering such account, with
such affidavit as aforesaid, thereto annexed,
the amount of the duties due by such quar-
terly accounts shall be paid to the Commls-
sionet of Internal Revenue and for every