The Opelousas journal. [volume] (Opelousas, La.) 1868-1878, 1868-02-01

same must write or imprint thereon in ink
the initials Of his name, and the date (the
year, month, and day. on which the same
is attached or used. Each stamp should be
separately Cancelled. When stamps are
printed upou checks, etc, SO tina, in filling
up The instrument the face Of the stamp is
and must necessarily be written across, no
other cam" llation Will be required.
All cancellation must be distinct and
lcyiblc, and except in the case of prop'ic-
tary STAMPS from private dies, no method Of
cancellation which differs from that above
described can be recognized as legal and
sufficient.
Stamping of Instruments by Collectors
ANY person having an instrument about
to b' issued, may present it to the collector,
WHO, under the authority conferred upon
him by section 1862, will 50 stamp it a. to
place tn sutiiciency of that particular i'll
>trumeIt beyond all questions SO tar as
stamp duties are concerncu. The prOE1S-
J iolS of the section can in no case be applied
to an instrument after it has been issued or
} used. The collector SHOULD decline to stamp
} or impress an instrument, under this sec
ton, Ii It'll the stamp duty with which he
thinks it chnryeahlc has been paid. In cases
} Of reasonable doubt he is recommended to
obtain the opinion of this office before atllX-
J ing his stamp, unless immediate action is
essential to the interests, Of the parties con
cerneu.
Penalties.
A penalty of fifty dollars is imposed upon
every person who makes, signs, Or issues,
J or who cals. to be made, signed, or is
sued, any paper of any kind or Il Scription
whatever, or who accepts, neg0tiateS, or
pays, OF causes to be accepted, negotiated,
} or paid, any bill of exchange, draft, or Or
der, or promissory note, for the payment of
money, without the same being duly stamp
ed, or having therenpon an adhesive stamp
fer drnoting the tax chargeablc thereon,
~cancclr't IN the manner require by law,
with intent to evadc the provisions of the
revenue act.
4. penalty of two hundred dollars is i'm
. posed upon every person who pays, nego-
t~latcS, or oilers in payment, or receives Or
takes in payment. any bill of exchange or
order inr the payment of any sum of money,
drawn or purporting to be drawn in a for
eign country, but payable in the United
!, States, unit the proper stamp has been
affixed thereto.
4. penalty of fifty dollars fine is imposed
upon e cry person who traudently makes
use of an adhesive stamp to denote the duty
required by the revenue act, without effect
uaiiy canceling and celebrating the same
in the manner required py law.
n General Remarks.
Revenue STAN IS may be used indi>crim-
inatcly upon any of the matters Or things
d enumerated in schedule B, except proprie-
tiry and playing card stamps, for which a
special us, has been provided.
Postage stamps can not be used in pay
ment Of the duty chargeable on instru-
mcntS.
The law does not designate which of the
parties to an instrument shall furnish the
necessary STAMP, nor does the Commissinn-
err Of Internal Revenue assume to determine
that 1t Shall be supplied by one party rath-
er than by authority but if an instrument
subject to stamp duty is issued without
having the necessary stamps affixed thereto,
D it can not be recorded, or admitted, Or 1sed
as evidence IN any court, until a legal stamp
= Or stamps, denotlng the amount of tx, shall
have been aft xed as prescribed by law, aud
n the person who thus issues it is liable to a
penalty, if he omits the stamps with an in
tent to cvadc the provisions Of the internal
revenue act.