Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1898-06-10


one-quarter of / one cent of the gross
amount of all receipts in excess of that
sum- Returns to be made monthly
The penalty is a fine of from 1000 to
100000 A stamp tax of / cent is to be
collected on every seat sold in palace
or parlor car and ON every berth sold in
a sleeping car, the stamp to be affixed
to the ticket and paid by the company
issuing it.
inheritance Tax.
A tax ON inheritances and legacies
not exceeding $4,000, on personal prop
erty, is provided as follows:
On sums between $4,000 and 1926, 900,
first, on benefits to the lineal issue or
1ineal ancestor, brother, or sister of the
deceased. at Il rate of 70 cents for
every 500.
Second, to the descendant of brother,
or sister, at the rate of $1.50 for every
500.
Third, to the brother or sister of the
father or mother or descendant of a
brother or sister of the father or mother
at the rate of So for every 800.
Fourth, to the brother or sister of the
grandfather or grandmother, or a de-
scendant of the brother or sister Of the
grandfather or grandmother, $4 for
every 800.
Fifth, to those of any other degree of
collateral consanguinity or strangers in
blood or body, polite or incorporate,
at the rate of IS for every 800.
All legaeies or property passing by
will, at or by the laws of any state or
territory to husband or wife, are ex-
empted from tax or duty. On sums
ranging between $50, 900 and 100000
the rates Of tax are to be multiplied by
one and one half; on those ranging from
500, 900 to 100000 the rates are to be
multiplied by two; ON those ranging
from 100000 to 81 900, 900 the rates are
to be multiplied by two aud one-half,
and ON those above $1,000,000 the rates
are to be multiplied by three.
The tax is made a lien upon the prop
erty until paid, and it is required that
the tax shall be satisfied before the lega-
tee is paid.
Certificates of Indebtedness.
The secretary of the treasury is au-
thorized to borrow from time to time at
rate of interest not exceeding 3 per
cent such sums as in his Judgment may
be necessary to meet public expendi-
lures, and to issue certificates of in
uCDbSQuC6c III ACKNOWLEDGEMENTS VI tpoO VI
some multiple of that sum, each certifi-
cate is made payable at such time, not
exceeding one year from the date of it's
issue, as the secretary of the treasury
may prescribe; provided that the amount
of such certificates outstanding shall at
no time exceed $100,000,000.
Adhesive Stamps.
Sec. provides that if any person or
persons shall make, sign or issue any
instrument or paper of any description
without it's being stamped he shall be
guilty of a misdemeanor, the penalty
being 500, at the discretion of the
court.
Sec. provides a penalty of a fine not
exceeding 81 900 or Imprisonment for
term not exceeding five years or both
for counterfeiting the stamps, and the
penalty is made to apply to all persons
having any connection with the coun-
terfeiting.
Proprietors of proprietary articles are
given the privilege of furnishing their
own dies or designs for stamps, a fail
ure to perform which act is made
misdemeanor, punishable by fine Of
not less than $50 nor more than $500, or
by imprisonment of not to exceed six
months or both. 1t is also made mis-
demeanor by section 10 to evade the
provisions of the stamp law, punishable
by a fine not exceeding 5000.
Schedule A-stamp Taxes.
Bonds, debentures, or certificates of
indebtedness by any association, COM
pany or corporation, on each 500 of
face value or fraction thereof, 5 cents,
and on each original issue, whether on
organization or reorganization, of GER
tifcates of stock by any such associa-
ton, company, or corporation, on each
500 of face value or fraction thereof, 5
cents, and ON all sales, or agreements to
sell, or memorandum of sales, or de-
liveries or transfers of shares or certlfi-
Gates of stock, on each 500 of face
value or fraction, 2 ents.
Upon each sale or agreement to sell
any products or merchandise at any ex-
change or board of trade, or other SINH
lar place, either for present or future
delivery, for each 500 in value of said
sale. or agreement of sale, or agreement
to SELL cent, and for each additional
cess of 800, cent; provided, that on
every sale or agreement of sale or agree
ment to sell there shall be made and de-
hvered by the seller to the buyer bill.
memorandum of such sale, to which
/ there shall be affixed lawful stamp OF
! stamps in value equal to the amount of
! the tax on such sale.
Bank check, draft or certificate OF de-
/ posit not drawing interest, Or order for
/ the PAYMENT of any sum of money