The record-union., 1898-07-16

SCSliOII Id IIldkeS IL UNLAWFUL 10 TSC-
ord or register any document subject
to the tax without having been prop
erly stamped. In schedule A it is pro
vided that conveyance, deed, instru-
ment or writing, whereby any lands,
tenementS or other realty sold shall be
granted, assigned, transferred or other
wise conveyed to or vested in the pur-
chaser or purchasers or any other per-
son or persons, by his, her or their di-
rectlon, when the consideration of value
exceeds 500 and does not exceed 500,
Do cents, and for each additional $500
or fractional part thereof in excess Of
$500, 80 cents'
So far as the Recorder is concerned
he will record any and all deeds pre-
sented to him. The law makes no men
ton of his rejection of any document
presented to him for record
THE LAW IN BRIEF.
Following is a digest of the law,
which will be found of great convent
ence to all persons engaged in business:
The Act To provide ways and means
to meet war expenditures, and for
other purposes" makes the following
provisions:
The tax on beer manufactured or sold
or stored in warehouses, or removed for
consumption or sale, within the United
! States, is increased from one dollar to
two dollars on every barrel containing
| not more than thirty-one gallons, and
at like rate for fractional parts of
barrel.
A discount of ~ per cent. is to be
| allowed by collectors to brewers on sales
Of stamps.
SPECIAL TAXES.
Bankers, with capital not exceeding 90
Bankers. Banker with capital above SIS, 600,
for each additional $1,000. w
| (Note-Savings banks with no cap
| ltal stock are eXempted.)
| pawnhrokers - 20 10
| Commercial brokers .......... 20 90
| Custom house brokers ............. 10 00
PrOprietOrS of places of amusement
| in places of more than 25,00O pop
| Circuses ACKNOWLEDGEMENTS. 100 90
Pl oprietors or agents of all other
shows ......................... 10 %
(Note-Tax must be paid once in
| every State or Territory Where
Bowling alleys and billiard rooms
| each alley or table............... 8 90
| Tobacco, Cigars, Cigarettes and
| All tobacco and snuff, per pound. u
Cigars and cigarettes weighing more
than three pounds per thousand,
| per l,OOU Observation-Disclosures. w
Cigars weighing not more than
three pounds per thousand, per
Cigarettes weighing not more than
three pounds per thousand, per
1,UuV .....--.-.....-.......... 0p
| Dealers in leaf tobacco and tobacco,
annual sales not exceeding $1,000
Dealers in leaf tobacco and tobacco.
annual sales exceeding $4,000 and
not more than 100000 pounds. -. u 90
annual sales exceeding 10000 lbs. "a %
| Manufacturers of tobacco, annual
sales not exceeding $4,000 lbs. ...... 90
| Manufacturers of tobacco, annual
! sales exceeding $4,000 and not eX-
ceeding 100000 fbs................. u 90
/ Manufacturers of tobacco annual
sales exceeding 100000 TBS. "a 90
Manufacturers OF cigars, annual
sales not exceeding 100000 cigars. 6 90
Manufacturers Of cigars. annual
sales exceeding 100000 but not
100000 cigars ......................... u 90
Manufacturers Of cigars. annual
sales exceeding 10000 Cigars. 2i %
/ (Note-Any person liable to these
taxes who shall not have paid
them shall be deemed guilty. of
| misdemeanor, and upon conviction
thereof shall pay a fine of not
more than $500, or be imprisoned
not more than six months, or
both, at the discretion of the
| court.)
ADHESIVE STAMPS.
After the 1st of July, 1898, there shall
be paid the following stamp taxes. The
penalty for not paying them shall be
a fine of not more than 500, and the
| unstamped instruments shall not be
competent evidence in any court. Prop
er provisions are made against forgery
and evasion Of the law, While a penalty
| is provided for non-cancellation of the
stamps. Public bonds, debentures, and
certificates of Indebtedness are exempt
ed from the payment of the tax.
This exemption includes stocks and
bonds issued by cooperative building
and loan associations, capital stock not
exceeding $4,000, and building and
loan associa tions making loans only to
| their members.
Foreign bonds are required to pay the
same taxes as domestic bonds when
sold in the United States.
SCHEDULE A.
Ponds, debentures, or certificates
| OF Indebtedness issued after the
first day of July, 1888, by any asso-
citation, company, or corporation,
on each 800 Of face value or frac-
And on each original issue of certi. 70
ncates CT stock, on each 800 of
face value, or fraction thereof. 05
On all sales, or agreements to sell.
or memoranda Of sales, or deliver
les or transfers Of shares or certifi-
Gates Of stock, on each $780, or
fraction thereof .............. OF
On each sale, agreement of sale or
agreement to sell any products or
merchandise at any exchange or
Board of Trade, other similar
place, either for present future
delivery, for each 500 in value of
said sale, or agreement of sale, or
agreement to sell ................. CT
And for each additional $780, or
fractional part thereof in excess
ol SlUU ............-...-........... 01
On checks, drafts, or certificates of
deposit not drawing interest, or
| order for the payment OF any sum
OF money drawn upon or issued by
any bank, trust company, or any
| person or persons, companies or
| corporations, at sight on de-
mana .-----.-.... O2
Inland bills of exchange drafts or
certificates of deposit drawing in
| terest, or order for the payment of
| any sum of money otherwise than
at sight or on demand or any
| prCmissory note, except bank
| notes issued for circulation. and
| for each renewal of the same for
sum not exceeding $100.. ......... OF
And for each additional $780, or frac-
uonal part thereof in excess of
(Note-Ths applies to domestic
| money-orders issued by the United
States.)
Foreign bills of exchange and let
ters of credit, including orders is
| sued by express or other COM
panies, drawn in but payable out