The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1872-06-27

STAMPS ABOLISHED AND RETAINED As
1t has been disputed question whether
certain stamps were abolished by the
revenue law passed at the close OF the
last session OF Congress, the correspond
ent OF the New York Journal of Com.
,aerce has taken especial pains to ascer-
tain Just how far the abolition extends.
The new law in this respect reads as fol-
lows:
SECTION 36. That on and after the
first dey OF October, 1872. all the taxes
imposed by stamps under and by virtue
of schedule B, of Section ITO, of the
Act approved June 80, 1864, and the
several Acts amendatory thereto, 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 repealed, excepting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 recorded, or may DO executed and
recorded before the first day of Octo-
Der, 1872, to secure the payment of
bonds or obligations that may be made
and issued from time to time, and such
mortgage not being stamped, all such
bonds or obligations 80 made and issued
on or alter said first day of October,
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
proDided, 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 stamp,
may make application to any collector of
Internal revenue, and that upon such ap-
pllcation such collector shall thereupon
afii1 the stamp provided by such holder
upon such Instrument of writing as re.
CURED by law to be put upon the same,
and subject to the provisions Of Section
l5S of the internal revenue laws.
According to the internal revenue cir
cular, soon to be issued, this means abo-
lltion In respect of the following instru-
ments that now require stamps, and the
reader interested may accept this careful
epitome Us final:
Contracts for insurance against acci-
dental injuries.
Affidavlts.
All agreements or contracts, or renew
ais of the same.
Appraisements. OF value or damage. or
for any other purpose.
Assignments, OF lease, mortgage,
policy of insurance, or anything else.
Bills OF exchange, foreign, inland, let
ters of credit, or anything of that kind
now taxed by stamps
Bills Of lading and receipts, in The
United States or for anywhere else.
Bills of sale of any kind.
Bonds OF naturalization of any kind.
Bond of administrator or guardian, or
anything that has tho name of bond in
1t, and now taxed by stamp.
Brokers' notes.
Certificates of measurement of anv.
thing.
Certificates of stock, profit, damage,
deposit, or any other kind OF certificate
now taxed by stamp.
Charter, or its renewal, or o charter
party of any kind.
All contracts or agreements.
Conveyance, any part of the work OF
conveying.
Endorsement Of any negotiable or not
negotiable instrument
Entry for consumption, warehousing
or withdrawal.
Gaugers' returns.
Insurance policies, contracts, tickets.
renewals, &C., Qife, marine, inland and
hre.)
Lease--All through the lease list is
abolished.
Legal documents-W of other pro-
cess, confession of judgment, cognovit,
appeals, warrants, &C., letters of adrni-
nistration, testamentary, &c.
Manlfests at custom house. or any
where else. or for any purpose.
Mortgage, OF any kind.
Passage ticket, to any place il the
world
Pawners' checks.
Power Of attorney for any purpose.
Probate of will, of any kind.
Promissory note for anything.
Protest OF any kind.
Quit claim deed
keceipt-Now generally exempt, and
If included in present law in any Gaze,
will be hereafter exempt.
Sheriffs' returns.
Trust deed.
Warehouse receipt.
Warrant of attorney.
Weighers' return, Of any kind.
The tax Of 2 cents on checks. drafts
and orders. is all of schedule B that is
retained.
And this is the detail of the stamp
additions in the law of June 6, 1872.
Tho Nau YorL Ga, l,o, ;ruo.4:-.l