The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1898-07-07

The stamps so urgently, needed by
Collector Penman had not reached
here up TO a late hour yesterday after
noon nor had he received at that time
any information indicating when they
would be received. The last lot of
stamps for this district arrived last
week Thursday. During that day and
Friday all of the desirable smaller de-
nominations were sold Stamps of
larger denominations, for which there
is not much demand, remained and
many of them are on hand now.
Meanwhile the clamor for both pro-
pretary and documentary stamps has
in no wise ceased. A vast correspond
ence, too large to be filled until 1t is
attended to and much of 1t accom-
| panied by remittances for stamps. lies
In the vaults ready to receive atten-
| tlon as soon as stamps are received.
Much extra clerical work is required
in the partial filling of orders from
certain denominations on hand. The
extra work keeps the office force on
| duty until late each night.
1t was thought the railroad and tele-
graph offices had purchased a suffic-
| lent amount to tide them over the first
rush but the Erie and Wyoming VAL
| ley railroad has filed an urgent order
| for nearly all the lesser denominations,
| the Delaware, Lackawanna and West
| ern company has applied for supply
| and the Western Union Telegraph
company has also made known its need
| of stamps.
The First and 'Chird National and
Scranton Savings banks yesterday re-
ceived consignments of check stamps
from New York city. Each Of these
| institutions observed some days ago
that their first purchases OF stamps
would not last Ions, but new supplies
| could not be obtained here. Urgent
orders by telegraph and letter were
sent 10 the banks respective exchanges
| in New York city with the result that
enough stamps were received yester-
| day To tide them over several weeks.
STAMPED CHECKS.
| Banks and individuals can save them
selves the trouble of affixing and cam
| ceiling bank stamps by purchasing
check books printed in ten designated
government printing houses in as
many cities. Each check contains an
engraved revenue 2-cent stamp. These
checks may be purchased through Col
| lector Penman.
Collector Penman has received copies
| of about a score of opinions of n. b.
| Scott commissioner of internal reve-
nue., bearing upon certain provisions OF
the war revenue act. Some OF these
are of sufficient import to bear the
signed approval, of Lyman j. Gage,
secretary of the Treasury department,
| of which the internal revenue bureau
is a part. Many of the following opin-
ions will give useful information to
merchants, bankers and others in this
city:
Checks issued prior to July ! do not
have to be STAMPED, though cashed sun
sequent to that date.
| Manufacturing companies having on
hand cash surplus awaiting use in pay
mcnt of dividends. which surplus mean
while is loaned upon collaterals, are re-
quired to pay special tax as banks uhuer
act of June l3, 1898.
Where a check Is presented for pay
ment without the requisite stamp, the
the stamp itself, if this is done before
payment.
Certificates of deposit bearing inter-
est are subject to a tax of cents when
for a sum not exceeding 800, and also to
same tax for every additional 500 OF
fraction thereof,
In reckoning the amount of special tan
required to be paid by banks, the surplus
cd profits.