The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1872-10-03
The End OF a Public Nussance-wh.n
StamPs arc REQUIRED q nd xYhen NOT

The repeal Of tho Stamp Act, which
went into operation on the 1st. il an
event. that will bring rejoicing over The
entire country. Everybody knows and
re]oices that the onerous and extremely
troublesome 6ete moir has been effaced
from the statute books Of the land.
Stamp duties have always been obuox.
lous to the American people, and the
fact OF their having submitted to it for
such length of time il an evidence of
their patriotism and good nature that
does credit to them. II is not our pur
pose to inquire into the reasons that in
duced the last Congress to repeal this
obnoxious law; it is sufficient that it has
been repealed-at least in many of it's
most obnoxious features-and for the
information of the readers of the Cou.
rier. we propose to-day to give brief
explanation of the changed law, US we'll
as the modus Operdndi of redeeming such
stamps as may be- on hand after to. day,
and for which there is no further use.
Section 80 of the late Act OF Congress
which repeals the Stamp Act is as fol.
lows:
THAT on and after the first day OF
October, 1872. all the taxes imposed by
stamps under and by virtue of Schedule
3 OF Section ITO of the Act approved
June ~, 1864, and tho several Acts
amendntory thereof, be, and the same
are hereby, repealed. excepting only the
tax OF two cents on bank checks, drafts,
or orders: Prouided. That where any
mortgage has been executed and record
ed, or may be executed and recorded.
before the first day of October, A. D.
lo!2, to secure the payment of bonds or
ooilgatlons that may be- made and issued
from time to time, and such mortgage
not being stamped, all such bonds or
oDhgatlons so made and Issued on or
atte- the said first day of October, A. D.
!ol2. shall not be subject to any stamp
duty, but only such of their bonds or
obligatlons rs may have been made and
issued before the day last aforesaid: And
prooide4 further, That in the meantime
the holder Of any instrument Of writing,
OF whatever kind and description, which
has been made or issued without being
duly stamped, or with lefunct [de-
hclentl stamp, may make application to
any collector of internal revenue, and
that upon such application such collector
shall thereupon aflix the stamp provided
oy such holder upon such instrument Of
writing rs required by law to be put
upon the sane, and subject to the pro-
Visions of Section 15S of the internal
revenue laws"
The stamp duties imposed in Schedule
Is, aud which under tho new low arc re-
pealed, are as follows. viz: Stamps on
agreements, appralsements, assignments,
Dill OF exchange. bill Of ladipg, bill of
sale. bonds, brokers' notes. certificates
OF all Kinds, charter, charter party con-
tract, conveyance, letter of credit, Gus
tom house entry, deed, endorsement,
entry, insurance policies, lease, legal
docu letters of administration, let
ters testamentary, manifests. memoranda
OF sale, mortgages, orders, passage tick
cts, pawn-brokers' checks, powers of at
torney' probate of will, promissory
notes, protest. jail claim, deed, receipts,
&c. Upon these instruments, therefore,
there will be required no stamps on and
after to-day, and any one OF them may
oe signed, sealed and delivered without
tue usual stamp.
The stamp law, however. is not re-
pealed upon bank checks, drafts or or
ders, and upon all these the usual two.
cent stamp must be placed. The law
does not repeal the stamp duties upon
the articles classed in Schedule G. So
to1 40 ACSuAoS LutSc, Cuo law COQG10ueE III
force, and tho usual stsmps must be at
tuched.
The following list gives the articles to
which stamps must be attached as usual:
Proprietary medicines and preparations.
For and upon every packet, box, bottle,
pot, phial. or other enclosure, contain.
ing any pills, powders, tinctures. troches,
lozenges, syrups, cordials. bittcrs, nno-
dynes, tonics, plasters, liniments, salyes,
ointments. pastes, drops, waters, es-
sencss, spirits, oils, or other medicinal
preparations or compositions whatso-
ever, sold, offered or exposed for sale, or
removed for consumption and sale, by
any person or persons whatever, where
such packet. box. &C., with its contents,
does not exceed, at retail price or value,
the sum of 25 cents, cent; exceeding
25 and not exceeding so cents, Q cents; !;
exceeding so and not exceeding rs cents,
3 cents; exceeding IS cents und not ex.
ceeding 81. 4 cents; exceeding 81, for
every additional so cents, or fractional
part thereof in excess of 81, 2 cents.
OIicinal pi parations and medicines
mixed or compounded specially for any
person, according to tho written recipe
or prescription of any physician or sur
geon, exempt.
perfumnrv on1 coop,ot;n. IT,. 1