Evening journal., 1898-07-27
WEDNESDAY. JULY 27. 1898
MORE IMPORTANT RULINGS.

anOlNL OlNlkAINl nIlAlNlfS.
For the edification and guidance OF
our readers I'M their daily business
transactions we have endeavored to
place before them, as rapidly ais they
are made, decisions and rulings under
the war revenue law. Hence the fol-
lowing:
Bankers, brokers, tobacconists and
others have only until noon on Satur-
day next to comply with the law re-
quiring them to pay special taxes upon
their business. The penalty for non
payment within the month is an in |
crease OF so per cent.
Commissioner Scott has announced |
series OF decisions in Interpretation
OF the war revenue act. Among them |
are the following:
The person who signs and issues a
bank check without affixing the proper |
stamp becomes involved in liability to !
penalties. unless II is shown that he
had no design to evade the payment Of
the stamp tax, and that the requisite
stamp was affixed and cancelled by the
bank or person upon whom it was
drawn before payment
Where an unstamped check Is pre-
sented at bank the bank, on payment,
becomes liable unless Il affixes and
cancels the stamp.
Bonds given with q guaranty COM
pany as surety require the usual fifty
cent stamp, and in addition thereto a
stamp denoting one-half Of one cent on
each dollar or fraction thereof paid as
premium.
Bonds required in legal proceedings
either civil or criminal, such as ap-
peals, injunctions. etc, are exempt
from tax.
Checks drawn by United States dis
bursting officers against public funds
standing to their credit in performance
Of duties required by law do not re-
quire 2-cent internal revenue stamp.
All checks drawn by officers Of states,
counties and municipalities for the dis
charge Of their obligations are also ex-
empt
No stamp is required on ordinary re-
celpts.
When certificate OF stock is sold and
stamp tax is paid on memorandum
thereof, upon transfer OF this certin-
cake to purchasers name, no additional
tax for transfer is required. Where
one certificate represents several shares
OF stock, however large the number OF
shares, on transfer OF this certificate
the stamp tax is 20 be reckoned on its
face value, and not on the face value of
each separate share OF stock il repre-
sents.
Where a tax of 10 cents is paid on
bill of lading for goods exported, Il is
held that no stamp tax is required to
be paid on copies Of such bills OF lad
ing. On inland bills OF lading each du-
plicate requires a 1-cent stamp.
Baggage forwarded by railroad or ex-
press, subject to extra charges. comes
within the law requiring a stamp on
the bill OF lading or other evidence Of
receipt and forwarding.
Il Is the duty OF carriers TO issue a
bill of lading on receipts for goods ac-
cepted by them for shipment, and to
affix the stamp, and a penalty is pre-
scribed for failure to do so.
II live stock is sold at an exchange
or board OF trade, or other similar
place, for either present or future de-
livery, the sale or agreement to sell
must be evidenced by a bill, memo.
randum or agreement to be delvere,
by the seller to the buyer. and this evi.
dence should have the stamp affixet
as required in the act, viz: One cent OF
each 500, and on each 800 or fraction
thereof additional / cent.
Where telephone companies hav,
lines extending into more than one col
lection district, the return may bi
made TO the collector OF that district il
which the principal business office o
the company is located. Contracts ant
agreements between subscribers ant
telephone companies for the placing o
a telephone and payment therefor, ar
not subject to stamp tax
10-cent stamp is required upon
proxy for use in voting at an election
OF Officers OF an incorporated company
without regard to the number Of sigma
lures.
In regard to the cancellation OF in
ternal revenue adhesive stamps, whic
the law requires by writing or STAMP
ing the initials OF the persons usin
the same and the date upon which tn
stamp shall be attached or used. it
held that the initials and the yea
alone will be sufficient. This cancels
tlon may be by writing or imprintin
with a hard stamp
Oid stamps issued under repeale
acts cannot be used in lieu OF stamI
required by the present law.
A decision has been received froi
the commissioner Of internal revenu
TO the effect that no stamps are r
quired on any papers necessary to I
used for the collection Of claims n o.
the United States for pensions, baC
pay, bounty or for property lost in Il
military or naval service.
Between the City Republican Con