Little Falls weekly transcript. (Little Falls, Morrison Co., Minn.) 1894-19??, 1898-06-28
THE STAMP TAX.
Circular Regarding the Stamp
Tax on Checks and
Drafts.

To OUR CUSTOMERS AND COR
RESPONDENTS:
The following important features
OF the revenue bill (Which becomes
opera tive ON the first Of July, next
are respectfully called to your at
tentiOn:
Any person signing a check, draft
or instrument Of like nature, which
does not bear a 2 cent stamp, shall
he subject to a fine Of not more than
500, and such document or in
strument shall not he competent
evidence in court. (See Section 7,
quoted below.) nl,... -r 4
Section . provides that revenue
stamps shall bear the initials Of the
pers0n using the same together with
the date of use. Failure to do so
shall render the person subject to a
fine Oi not less than $50 nor more
than $5tW, or imprisonment for not
more than six months, or both, at
the discretion OF the cOmrt. .,..
Section ~ imposes fine not ex-
ceeding $2O0, at the discretion OF the
upon persons using any
instrument covered by the act which
does not bear the required stamp.
A revenue stamp of cents is re.
qnired on all bank checks, drafts or
certificates of deposit not drawing
interest, or orders for payment OF
any sums Of money, drawn upon or
Issued by any bank, trust company
Or any person or persons, companies
Dr corporations, at sight or on de.
lnand.
Bills OF exchange. drafts, certif1ca ties
Of deposit drawing interest. or order
Tor the payment Of any sum OF
otherwise than at sight or on
or any promissory note
and each renewal of the same, for a
sum not exceeding 800, require a
revenue stamp Of 2 cents; and for
Zach additional 800 Or fractional
part thereof, in excess of $40, 2
:ents. ....,
Banks paying checks Or any in
referred to In the act,
which do not bear the required
'tamp, are subject to severe penalty.
You are therefore respectfully re-
luested to see that they are In order
before presentation, to avoid the in
of their dishonor. !
Little Falls. MIMI, June q, 1888.
FIRST NATIONAL BANK. (
GERMAN AMERICAN NATIONAL BANK.
EXTRACTS FROM
An act to- provide ways and
means to meet war expenditures: I
Section VII. That II any person
" persons shall make, Sign or issue,
n cause to be made. signed or is.
ued. any instrument, document or
'aper of any kind Of description
Via tsOever, without the same b ing
July stamped for denotiDg the tax
ereby imposed thereon, or without
aving there's pom an adhesivestamp
q denote said tax. such person or
ersons shall be deemed guilty OF a
and upon conviction
hereof shall pay q i1ne Of not more
han one hundred dollars. at the dis
retion Of the court, and such In.
trument. document or paper. as
ioresaid, shall be competent evid.
nee in any court. !
Section TX. That In any and all
asses where an adhesive stamp shall
70 used for denoting any tax i'm
'osed by this act, except as hertin-
iter provided, the person using or
fixing the same shall write or
tamp thereup0n the initials Of his
ame and the date upon which the
anne shall be attached or used, 40
hat the same may not again be
lsed. And II any person shall
make use of an adhesive
lamp to denote any tax imposed by
his act without 80 effectually can.
cling and obliterating such stamp,
kept as before mentioned, he, she.
IF they shall be deemed guilty of
nisdemeanor, and upon conviction
hereof shall pay a fine OF not less
han fifty nor more than FIVE hund-
ed dollars, or be Imprisoned not
nore than six months, or both, at
he discretion Oi the court.
Section x. That II any person or
PERSONS shall make, sign. Or Issue, or
ause to be made. signed, or issued,
n shall accept or pay. or cause tn
q accepted or paid, with design to
wade the8payment Of any stamp tar,
my bill OF exchange, draft or order,
II prOmissory note for the payment
Il money, liable to any Ot the taxes
by this act. without the1