Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1873-01-31


eighteen hundred and sixty-four, as
amended by the act Of July thirteenth,
eighteen hundred and sixty-four,
by striking out the proviso at the end
thereof. --
Sec. 81. That so much of section ninety
four of the act entitled can act to provide
internal revenue to support the govern
ment, to pay interest on the public debt
and for other purposes" approved June
! thirtieth, eighteen hundred and sixty
| four, and all acts and parts of acts amen
| datory of said section, as imposes tax on
gas made of coal wholly or in part, or OF
any other material, be, and the same is
hereby, repealed.
Sec. SO. That on and after the first day
of October, eigh cen hundred and seventy
| two, all the taxes imposed by stamps I'M
| der and by virtue of Schedule B of Sec
| ton one hundred and seventy of the act
approved June thirtieth, eighteen hun
| dred and sixty-four, and the several acts
| amendatory thereof, be, and the same are
| hereby, repealed, excepting only the tax
| of two cents on bank checks, drafts, or Or
| ders ProUided That where any mort
gage has been executed and recorded, or
| may be executed or recorded, before the
| first day of October, ammo Domini eigh-
! teen hunnred and seventy-twO, to secure
| the payment of bonds or obligations that
| may be made and issued from time to time,
such mortgage not being stamped, all
such bonds or obligations so made or is
sued on or after the first day of October,
ammo Domini eighteen hundred and sew
enty-two, 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 last day aforesaid: And
provided further, That in the mean time
the holder of any instrument of writing of
whatever kind and description which has
been made or issued without being duly
stamped, or with defunct stamp, may
make application to any collector OF inter
nal revenue, and that upon such applica-
ton 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 fifty eight of the internal revenue
laws"
Sec. 81. That the taxes imposed by Sec
ton one hundred and ten of the act emit
tied can act to provide internal revenue
to support the government, to pay inter-
est on the public debt, and for other pur-
poses," approved June thirtieth, eighteen
hundred and sixty-four, as amended 10y
section nine of the act of July thirteenth,
eighteen hundred and siXty-siX, to reduce
illISIuUl luAttIOl anu W dilcuu tuS dCt
aforesaid and acts amendatory thereof,
upon the deposits, capital, and circulation
of thanks, or person, associations, companies,
or cOrpaations engaged in the business
of thanking, shall hereafter be paid semi-an-
nualy, on the first day of January and the first
day of July; but the same shall be calculated
at the rate per month as prescribed by said sec
ton, so that the tax for six months shall not be
Ilo,, h. IL I1n
taxes were collected monthly, as prescribed by
said section. And the words capital employ
ed in said section, shall not include money
borrowed or received from day to day, in the
usual course of business, from any person not q
partner of or interested in the said bank, asso-
citation, or firm. And the exemption from tax,
authorized by said section, of deposits of less
than five hundred dollars made in the name of
one person, in associations or companies known
as proVident institutions, savings banks, savings
funds, savings institutions, is hereby extend d
to deposits so made of not exceeding two thou
sand dollars.
Sec. SO. That the purposes of charitable
character mentioned in section twenty seven of
the act of July fourteenth, eighteen hundred
and seventy, are intended, and are hereby con-
strued, to include all devises and legaces to as
sociations, trustees, societies, and corporations
established or carried on for any benevolent
religious, or charitable object without view to
pecuniary profit.
Sec. SO. That so much OF section one
hundred and seventy-nine of the act of
July thirteenth, eighteen hundred and
siXty-siX, as provides for moieties to in
formers, be- and the same is hereby, re-
pealed; and the Commissioner of Internal
Revenue, with the approval of the secre-
tary of the Treasury, is hereby authorized
to pay such sums, not exceeding in the ag-
gregate the amount appropriated therefor,
as may, in his judgment, be deemed Aec-
esSary for detecting and bringing to trial
and punishment persons guilty of viOlat-
ing tue internal revenue laws, or conniv-
ing at the same, in cases where such ex-
penses are not otherwise provided for by
law; and for this purpo~e there is hereby
appropriated one hundred thousand dol
lars, or so much thereof as may be neces-
tGry, out of any money in the treasury
not otherwise appropriated.
Sec. 40. That section siXty-three of the
act approved July thirteenth, eighteen
hundred and sixty-siX, entitled IAN act to
reduce internal taxation, and to amend an
act entitled can act to reduce internal rev.
enue to support the government, to pay
interest on the public debt, and for other
purposes approved June thirtieth, eigh-
teen hundred and siXty-four, and acts
amendatory thereof" be amended by
striking out the words ''three hundred"
wherever they occur therein. and insert
ing in lieu thereof the words ''five hun
dred;" and by striking out the words sun
der any of the provisions of this act, OF of
any act to which this is an amendment"
and inserting in lieu thereof the words
''under the provisions of any internal rev.
enue act.
Sec. 81. That section one hundred and
siXty-One of the act entitled "An act to
DPOVida informal ravanua tO SI1ppOrt the
government, to pay interest on the public
debt, and for other purposes" approved
June thirteenth eighteen hundred and
sixty-four, be amended by striking out the
WORDS "this act" occurring after the
words "stamps issued under the provis-
ions OF" and inserting in lieu thereof the
words "any internal revenue act"
Sec. AZ. That all internal taxes now as
sessed or liable to be assessed against, but
not collected from, shipbuilders as manu-
facturers, under section four of the act of
March thirtv-firSt eiohfaen hundred and