Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1872-07-17
Stamps Abolished and Retained.

As it has been disputed question
whether certain stamps were abolish
ed by the revenue law passed at th,
close OF the last session of Congress
the correspondent of the New Yorl
Journal Of Commerce has taken especi
al pains to ascertain Just how far th,
abolition extends. The new law il
this respect reads as follows:
SECTION 30. That on and after th,
first day Of October, 1872, all the taxe,
imposed by stamps under and by vir
tue of schedule b of section 10 of The
act approved June 80, 1864, and tn,
several acts amendatory thereto bC
and the Same are hereby repealed ez
cepting only the tax of two cents on
bank checks, drafts or orders. Pro
vided that whore any mortgage has
been executed and recorded, or may
be executed and recorded before the
first day of October, 1879, 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 obi.
cations so made and issued on or after
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 be.
fore the day last aforesaid. And pro.
vided further that in the meantime
the holder Of any instrument of writ
ing of what ever kind and description
which has been made or issued with.
out being duly stamped or with a do.
iunct stamp, may make application to
any collector Of internal revenue, and
that upon such application such col.
lec,or shall thereupon anix the stamp
provided by such holder upon such in.
strument of writing as required by law
to bo put upon the same, and subject
to the provisions Of section l5S of the
internal revenue laws.
According TO tho internal revenue
circular, soon TO be issued, this means
abolition in respect of tho following
instruments that now require stamps,
and the reader Interested may accept
this careful epitomo as final:
STAMPS ARE TO BE ABOLISHED on
Contracts for insurance against ac.
cidental injuries.
Ailidayits.
All agreements on contracts, or re
newals 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,
letters of credit, or anything of that
kind now taxed by stamps.
Bills of exchange, foreign, inland,
letters 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 indemnificalion of any
kind.
Bond of administrator or guardian,
or anything that has the name Of bond
in it, and now taxed by stamp.
Brokers notes.
Certificates of measurement Of any.
thing
Certificates of stock, profits, damage,
deposit, or any other kind OF ccrtiii.
cate now taxed by stamp.
Charter, or its renewal, or q 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, warchous,
ing, or withdrawal.
Gaugers' returns.
Insurance policies, contracts, tickets,
renewals, &c, (lifc, marine, inland, and
fire
Lease. All through the lease list is
abolished.
Legal documents. Writ or other
process, confession Of judgment, cog
novit, appeals, warrants, &C., letters
of administration, testamentary, &c
Manilests at custom house, or any
wherc else, or for any purpose.
Mortgage, of any kind.
Passage ticket, to any part Of the
world.
Pawner's checks.
Power Of attorney for any purpose.
Probate of will, of any kind.
Promissary note for any thing.
Protest of any kind.
Quit claim deed.
Receipt. Now generally exempt,
and if included in present law in any
case, viii be hereafter exempt.
Sherifl's return.
Trust deed.
Warrant Of attorney.
Weighcr's return, of any character,
STAMPS RETAINED.
The tax Of two cents on checks,
drafts, and orders, is all of schedule
b that is retained
And this is the detail of the stamp
additions 10 the law of Juno G, 1872.
CIERdYMES AND CnuRcn FINANCES
In tho Diocesan Convention of the
Episcopal Church for Ohio, in session
lately at Cincinnati, the question of
parish assessments for the support of