The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1872-07-04
The Abolition of Stamps.

Business men Will not regret to learn That
the use of revenue stamps in many instan-
ces has been abolished by a recent act OF
Congress. The new law reads:
SEC. SO. That on and after the first day OF
October, 1872, all the taxes imposed by
stamps under and by virtue of schedule Il,
of section 170, of the act approved June 80,
1864, and the Severa al acts amendatory there
of, be an the same are hereby repeated, eX-
cepting only the tax of two cents on bank
checks, drafts or orders: Provided, that
where any mortgage has been executed and
recorded, or may be executed and recorded,
before the first day of October, Ammo Dom
mi 1872, to secure the payment of bonds or
obligations that may be made and
issued from time to time, and such mort
gage not being stamped, all such bonds or
obligations so made and issued on or after
said first day OF October, Ammo Domlnl
1872, shall not be subject to any stamp duty
but only such of their bonds or obligations
as may have been made and issued before
the day last aforesaid: And, provided fur
ther, that in the meantime the holder OF any
instrument of writing of whatever KIM
and description which has been made ana
issued without being duly stamped, or with
a defunct stamp, may make application to
any collector of internal revenue, ana that
upon such application such collector shall
thereupon affiX the stamp proviC ed by such
holder upon such instrument of writing as
required by law to be put upon the same,
and subject to the prov isions of section los,
of the Internal revenue laws.
According to the internal revenue cireu
| lar, soon to be issued, this means abolition
| in respect of the following instruments thai
| now require stamps, and the reader inter
ested may accept this careful epitome as
! final:
TO BE ABOLISHED.
Contracts for insurance against accident
al injuries.
Ailidavts.
yaI :
| of the same.
| Advertisements. of value or damage, OF
| for any other purpose.
Assignments, of u lease, mortgage, policy
of insurance, or anything else.
Bills of Exchange, foreign, inland, letter.
of credit, or anything OF that klhd nov
! taxed by stamps.
Bills of lading, and receipts, in the Unite,
States or tor anywhere else.
Bills of sale of any kind.
Bonds of decentralization, of any KIND.
Bond-administrator or guardian, or any
thing that has the name of bond IN 1t, ant
now taxed by stamp.
Brokers' notes.
Certificates of measurement of anything
| Certificates OF stock, profits. damage, de
post, or any other KIND OF cerIlhcAte NOV
taxed by stamp.
Charter, or its renewal, or a charter part
of any kind.
All contracts or agreements.
conveyance. duH pdII VI 1lC WIN VI 80
/ veying.
Endorsement of any negotiable or no
negotiable instrument.
Entry, for consumption, warehousing,
: withdrawal.
Gaugers' returns.
Insurance policies, contracts. tlckets' n
I newals, &c. 0ife, marine, inland and hre.)
! Lease.-All through the lease list is aOo
} ished.
Legal Documents.-Writ or other process
f confession of judgment, cognoVit' appear
= warrants, &c.
Manifests at custom house, or anywhel
' else, or for any purpose.
q Mortgage, OF any kind.
\ Passage ticket, to any place in the world
: Pawner's checks.
4 Power of Attorney tor any purpose.
: Probate of will, OF any kind.
= Promissory note for anything.
# Protest of anything.
h Quit claim deed.
h Receipt-Now generally exempt, ana
V included in present law ia any case, VIII
II hereafter exempt.
d Sherilrs return.
d Trust Deed.
: Warehouse receipt.
d Warrant Of Attorney.
e Weighers return, OF any character
RETAINED.
n The tax of two cents on checks, drafts
e orders, is all Ofschedule b, that is retain'