New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-12
HE EXPLANATION OF BANK CHECKS
KnorriNe Tenn, April Z, 1870.

COLLECTORS STILL HUNTING FOR UNsTAMPED CHECKS
RELIEF OF GOVERNMENT OFFICIALS THAT THEY
HAVE AMPLE POWER.
GFpoM A REGULAR CORRESPONDENT OF THE TEGBUNE'l
WASHINGTON, April 11.-CollectOrs are going
on with the work OF examining banks Tor the pun
Dose of discovering unstamped checks. The ohcers
of the Internal Rvenue Bureau do not anticipate an
opposition on the part OF the banks which VIII coH
pel the Supervisor Of Internal Revenue to bring
suits under the Law, which Dreseribes, 1t 10 sald'
penalty for refusing this examination Where the old
Law was evaded by bankers who accepted receipt from
the eposor in place OF check no claim made on ING
part of the Government for the samax, M the supreme
Court of the United States decided that this receipt was
not an evasion of the law governing bankcheek stamps
The new law however, is sufficiently explicit II IL
believed TO prevent similar effort to resist the tax ana
covers receipts offered place Of checks There are
considerable number Of cases where the neglect to stamp
checks was unntentiona and they are being COM
promised by the Bureau instead of the trouble Dehg
taken TO 90 into the courts.
The following statement may be accepted as empouy-
ing the views of the about the bank nspee-
ton: ,
The examination Of banks recently made by internal
revenue officers ascertain whether they have oDseryo1
tho fredericksburg tax checks drafts, orders &C. anu
providing penalty Tor paying as wen a. W.
afeG by both the former laws and the present Revised
etatues aof which in entire harmony on tiat SUI
Inc Revised statutes relating to internal revenue ID I'M
derstood to DC Of the most complete OF INC c''
The Internal act Of June 80, 1864 emraeea
all the objects Of internal taxation OF every Emu avs
Including besides other matters, spirits, tobacco,
iaaes for carving on business and stamp tax on
bank checks and other Instruments. Section 81 VI tho
sc collectors deputies &C. 10 enter for me
purpose Of examination, &C. not only any brewery d.
tery manufactory but any bmidg or Pd6e W ta1
under the provisions OF that act made prodeed
Kept section ~ o. tne * NJ econ ~ retaining
Simply words any building or place. as peils i in
of The revision to omit all redundant language Inc
examination OF disileries otherwise provile1 10.
3976 r. ST. and having thus taken out Of section
81 was properly omitted from Section 81 d. % -
NV Section 3i77 Supervisors Of Internal Revenue are
by section 3i63 r. reproducing Section Az OF hn s an
laws and regulations relating to the collection OF nteIn ma
taxes are faithfully executed ana asSment Of
any frauds relation thereto, and examine INTO me
CHENEY and conduct Of all officers OF Internal Reyenae;
and for such purposes shall have power 70 e1aine
all persons, books papers, accounts ana preils
hnaEs and papers or to appear aud testify under oath
before him, and TO compel compliance Win sucn vii
hus be- seen that full power possessed by the Internal
officers to make the examinations reiereI IDe
The proyision in the National Banking act al JuhG
1864 Section So reproduced in section 524i OF me re
viSed statutes that National banks sn no Sy hat act
was modified by the two sections ga and 4g ~, ~.
ferred both OF which were paSStu
National Banking act, and made no exception Oh 81,
banks. 1t Is further TO be observed In TINS
this view OF tho Law has always prevailed at the
banks They, well all other corporations, na.e
siways under the act of June 30. 1854 been subject
and experienced the visitOria powers Of the ,Is
revenue officers, not only 70 the stamping on
the full and correct payment OF the MEN, ~
enue upon their dividends &c The duties on -.
iners appointed undsr the National Banning ac e III
Sec $40, r. So to make An examination n.9 is
report the Controller OF the Currency OF tAe ans
and the condition Of the banks THIS nae Desa Of
relate the financial business and conuuon "a
han Ira RAT
IN see that the internal revenue thereon has been
paid The latter appears 20 he duty imposed on .no
Internal officers, upon whom the law hAS coh
ferred ample powers for that purpose