Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1872-10-04
HE DEFUNCT STAMP LAW.
NO MoRE STAMPS.
HE End OF Public Nui~ance-When
Stamps are Required and when
yOt-ATOw to Redeem Them.
IMPORTANT FACTS FOR MER-
CHANTS AND BUSINESS MEN.

into operation on the 15t October, is an |
event that will bring rejoicing over tbs en-
tire country. Everybody knows and re-
joices that the onerous and extremely trou- |
blesOme bette noir has been efaced from
the statute books of the land. Stamp du-
ties have always been obnoxious to the |
American people, and the fact of their hav-
ing submitted to it for such length oftime |
Is an evidence Of their patriotism and good !
nature that does credit to them. 1t is not /
our purpose to enquire into the reasons that |
induced the last Congress to repeal this OBJ |
noXiOuS law it is sufficient that it has !
been repealed-at least in many of its most !
obnoxious teaturcS-and for the informa-
ton of the readers Of the Courier, we pro-
pose to-day to give brief explanation of
the changed law, as well as the nlOduS OPP
erdndi of redeeming such stamps as may
be on hand after to-day, and for which
there is no further use.
+, THE REFEALING ACT. ..
Section 80 Of the late Act Of Congress
which Iepeals the Stamp Act, is as fol-
lows " -
oThat on and after the first day of DC
tober, eighteen hundred and seyenty-twc,
al The taxes inn osed by stamps under and
by virtue Of Schedule 3 of Section one
hundred and seventy of the Act approved
/ June thirtieth, eighteen hundred and sixty
four, and the several Acts amendatoly
thereof, DO, and the same are hereby, re-
pealed, excepting only the tax of two cents
I on bank checks, drafts, or orders: Pro
Uided, That where any mortgage has been
executed and recorded, or may be execut-
ed and recorded, before the first day Of
! October, Ammo DOmiDi eighteen hundred
I and seventy-two, to secure the payment of
! bonds Or obligations that may be made and
| issued from time to time, aud such mort
gage not being stamped, all such bonds or
obligations so made and issued on or after
the said first day of October, Ammo Domini
| eighteen hundred and seveny-twO, shall not
| be subject to any stamp duty, but only
such Of their bonds Or obligations as may
! have been made and isMled before the day
| last aforesaid 1n1 pTOUided 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 q defunct Tdeficientl stamp, may
make application to any Collector of III
ternal Revenue, and that upon SUCH appli-
cation such Collector shall thereupon affix
the stamp provided by such holder upon
such instrument Of writing as required by
| law to be put upon the same, and subject
to the provisions Of Section one hundred
and tifty-eight of the Internal Revenue
laws"
The stamp duties imposed in Schedule
! L, and which uider the new law are re-
| pealed, are as follows Stamps on agree
ments, appraisements, assignments, bill of
exchange, bill Of lading, bill of sale, bonds,
brokers' notes, certificates Of all kinds,
| charter, charter party contract, conveyance,
letter Of credit, custom house entry, deed,
endorsement, entry, insurance policies,
lease, legal documents, letters Of admins
I tratiOn, letters testanentary, manifeSts,
memoranda of sale, mortgages, orders,
passage tickets, pawnbrokers' checks,
| powers Of attorney, probate Of will, prom
issory notes, protest, jail claim, deed, re-
ceipts, &c.
Upon these instruments, therefore, there
| will be required no stamps OH and after
to-day, and any one of them may be
signed, sealed and delivered without the
usual stamp.
| ARTICLES UPON WHICH STAMPS MUST BE
PLACED. ..
! The stamp law, however, is not repealed
upon bank checks, drafts or orders, and
| upon all these the usual two cent stamp
must be placed.
/ The law does not repeal the stamp du-
/ ties upon the articles classed in Schedule
/ &C." So far as regards these the law con-
! tinues in force, and the usual stamps must
! be attached.
! The following list gives the articles to
which stamps must be attached as usual !:
proprietary medicines and preparations.
| For and upon every acket, box, bottle,
/ pot, phial, or other enclosure, containing
! any pills, powders, tinctures, troches,
/ IoZenaes, syrupS, cOrdials, bitters, ano-
/ dynes, tonics, plastels, liniments, salves,
ointments, pastes, drops, waters, essences,
| spirits, oils, or other medicinal preparations
I w off
or exposed for sale, or removed for con-
sumption and sale, by any person or per-
sons whatever, where such packet, box,
/ &c, with its contents, does not ecXeed, at
retail price or value, the sum Of twenty-five
cents, one cent; exceeding twenty-five and
not exceeding fifty cents, two cents; eX-
ceedinS fifty and not exceeding seventy
five cents, three cents; exceeding seventy
five cents and net exceeding one dollar
four cents; exceeding one dollar, for every
additional fifty cents, or fractional part
/ thereof i'll excess of one dollar, two cents
Otllclnal preparations and medicines
mixed or compounded specially for any
person according to the written recipe or
prescription OF any physician or surgeon,
exempt.
Pertume1y and cosmetics. For and upon
every packet, box, bottle, pot, phial, or
other enclosure containing any essence. ex-
IL,
made, hair dressing, hair restorative, hair
dye, tooth wash, dentifrice, tooth paste,
! aromatic cachOuS, or any similar articles,
by whatsoever name the same heretofore
nave been, now are, or may hereafter be
called, known OF distinguished, used or APP
Piled, or to be used or applied, as perfumes
or applications to the hair, mouth or skin
sold, offered for sale, or removed for con-
sumption and sale, the same rates per
package, &c, as for medicines and prepa-
tons
Friction matches. For and upon every
parcel or package of 100 or less, 1 cent;
more than 100 and not more than 200,
cents; for every additional 100 or frac-
tlonal part thereof, l cent. Wax tapers
double the rates for friction matches.
Negar lights, made in part of wood, wax,
gas, paper or other materials, in parcels
or packages, containing twenty-five lights
or less in each parcel or package 1 cent
when in parcels or packages containing
more than twenty-five and not more than
fifty lights, 2 cents for every additional
twenty-five lights, or fractional part of that
number, enc cent additional.
Playing cards. For and upon eyery
pack not exceeding fifty-two cards in num-
Der, irrespective of price or value, 5 cents.
HOW TO REDEEM STAMPS.
OF course there will still remain in cir
culation large quantity of stamps which
Will after to-day be useless.
Ihe Treasury Department of the United
states has made arrange ments for the re-
demptlon Of all such stamps, and has issued
circulars with tie necessary instruction to
the assessors and collec tors of Internal
Revenue.
ri will IL 4