The Dickinson press., 1898-07-02
Law.

| Revenue Law.
Following will be found a summary of
the new revenue law which went into
effect July l. The war with Spain has
made it necessary that a few extra mil
lions be raised and the members of Uncle
Sans family will contribute cheerfully
according to the provisions of this law.
Bankers are required to pay special
taxes of $50 and upwards according to
their capital, brokers $50, pawnbrokers
$40. pool and billiard room proprietors
S. for each table.
A special tax of IL cents per pound is
levied on manufactured tobacco in what
ever form sold and from $3.50 to $3.50 on
cigars and cigarettes.
BANK CHECKS, ETC.
Any person signing a check, draft or
instrument of like nature, which does
not bear a 2-cent stamp shall be subject
to a fine of not more than 500 and such
document or instrument shall moi be COM
petent evidence in court.
Section 9 provides that revenue stamps
shall bear the initials of the person using
the same, together with the date of use.
Failure to do SO shall render the person
subject to a fine of not less than $50 nor
more than $500, or imprisonment for not
more than six months, or both, at the dis
erection of the court.
Section 10 imposes a fine not exceed
$500, at the discretion of the court, upon
persons using any instrument covered by
the act which does not bear the required
stamp.
A revenue stamp of 2 cents is required
upon all bank checks, drafts or certif-
Gates of deposit not drawing interest, or
orders for payment of any sums of mon
ey, drawn uponor issued by any bank,
trust company or person or persons, COM
panies or corporations, at sight or on de-
mand.
Bills of exchange, drafts, certificates
OF Ideposit drawing interest. or order for
the payment of any sum of money other
wise than at sight or On demand, or any
promissory note and each renewal Of the
same, for a sum not exceeding 500, re-
quire a revenue stamp OF 2 cents; and
for each additional s1ooor fractional part
thereof, in excess of 500, 2 cents.
Banks paying checks or any instru-
ments referred to in the act, which do
not bear the required stamp, are subject
to severe penalty.
OPTION DEALS.
Board of trade sales, wheat or other
options, ETC., require a I cent stamp for
every 500 in value of article bought or
H sold.
CONvEYANCING.
Deeds, instrument, or writing, whereby
any lands, tenements, or other realty sold
shall be granted, assigned, transferred,
or otherwise conveyed to, or vested in,
the purchaser or purchasers, or any other
person or persons, by his, her, or their
direction, when the consideration or value
exceeds 500 and does not exceed $500,
50 cents; and for each additional $500 OF
fractional part thereof in excess of $500,
50 cents.
MORTGAGES.
Mortgages or their equivalent where
the amount exceeds $1,000 require a q
cent stamp and for each $500, above
$1,000 IS cents, assignments of such
: mortgages require the same amount ad,
ditional.
{ For indemnifying any person or per
: sons, firm, or corporation who shall have
become bound or engaged as surety 70,
% the payment of any sum of money, or fol
> the due execution or performance of tn.
" duties of any Office or position, and to &C
count for money received by virtue there
!" of, and all other bonds of any description
except such as may be required in lega
- proceedings, lot otherwise provided TO
- in this schedule, 50 cents.
=, POWER OF ATTORNEY
= or proxy for voting at any election Of off
GERS of any Incorporated company or az
~. ISOLATION, except religious. charitable o
= literary societies, or public cemeteries
10 cents,
>, POWER OF ATTORNEY TO SELL
and convey real estate, or to rent or leas
the same, to receive or collect rent, t
sell or transfer any stock, bonds, SCRIP
or for the collection of any dividends o
interest thereon, ETC., IS cents.
PROTEST.
st Upon the protest of every note, bill c
lie exchange, acceptance, check or draft, q
any marine protest, whether protested b
a notary public or by any other Office
who may be authorized by the law of an
state or states to make such protest, Is,
WAREHOUSE RECEIPTS
70 for any goods, merchandise, or propert
ty of any kind held On storage in any publ
or private warehouse or yard, except re
r. ceipts for agricultural products deposi,
ed by the actual grower thereof in til
regular course of trade for sale, IS cent!
= PASSAGE TICKET,
by any vessel from a port in the Unite
States to IA foreign port, if costing nc
exceeding $50, 81; costing more than 50
{ and not exceeding SO, 50; costing NOR
J than $50, S..
kilograms require cent stamp.
INSURANCE POLICIES.
Life insurance policies require 8 cen,
for each 500 in value.
Fire and tornado insurance policie
( pay Y of 1 cent on each 81; also plat
{ glass and casualty and fidelity inswanc
. the same mount.
MEDICINES, ETC.
J Schedule 2 provides that all package.
bottles, boxes. ETC., of patent medicine
tonics, spring waters, essences, oils, tol
- Ice cosuna&icc choInn rr,,a oko aha