The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1898-06-10

I
Other sections following relate to the
administration of theelaw.
| Section Is exep1pts Government,
State, county and municipal bonds from
the operation of the law and also the
stocks and bonds issued by cooperative
Building and Loan Associations whose
capital stock does not exceed $4,000,
and Building and Loan Associations or
lccmpanies that make loans only to their
shareholders
| Section Is provides for a stamp tax
on telegraph messages and exempts
messages of officers and employees of
| the Government on official business
and also the messages of telegraph and
| railroad companies over their own
| lines.
Incorporated medicines or those
| having been put up and sold at retail
as prescriptions are not included in the
taxable articles, leaving it to apply
particularly to proprietary articles.
Section "a adds the tax on proprietary
articles to the duty on them.
SCHEDULE A, STAMP TAXES
Bonds, debentures or certificates of
Indebtedness by any association, COM
pany or corporation, on each hundred
dollars of face value or fraction there
| of, cents, and on each original issue,
whether on organization or reorgani-
cation or certificates of stock by any
| such association, company or corpora
ton, on each 500 of face value or frac-
ton thereof, 5 cents, and on all sales,
or agreements to sell, memoranda of
| sales, or deliveries or transfers of
shares or certificates of stock, on each
500 or face value or fraction, cents
Penalty: A fine Of from $500 to 81, 900
and Imprisonment for six months. or
| both.
| Upon each sale or agreement to sell
any products or merchandise at any
exchange or board of trade, or other
similar place, either for present or
future delivery, for each 500 in value
for said sale or agreement of sale or
agreement to SELL one cent, and for
each additional or fractional part
thereof in excess of 800, one cent.
/ Bank 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 per-
sons, companies or corporations, two
cents.
| Bills of exchange Internationally
draft, certificate of deposit drawing in
terest, or order for the payment of any
sum of money. otherwise than at sight
| or on demand, or any promissory note
| except bank notes issued for circua-
ton, and for each renewal of the same,
for a sum not exceeding 500, two
cents; and for each additional 500 or
fractional part thereof in excess Of
| 500, two cents.
Bills Of exchange (foreign) or letters
of credit, if drawn singly for sum not
exceeding 500, four cents; and for
each 500 or fractional part thereof in
excess of 500, four cents If drawn in
sets Of two or more: For every bill Of
every set, where the sum does not ex-
coed 500 in any foreign currency, two
cents, and for each 500 or fractional
part in excess of 800, two cents.
| Bills of lading or receipt (other than
charter party for any goods or mer-
chandise to be exported to any foreign
port or place, 10 cents.
EXPRESS OR FREIGHT.
| 1t is made the duty of every railroad
or steamboat carrier, express company
or corporation or person whose occupa-
ton is to act as such, to issue the ship
per or consignor a bsl of lading, mani
| fest or other evidence of receipt and
forwarding for each Shipment received,
whether in bulk or ia boxes, bales,
| packages, bundles, or not so inclosed or
| included, and there is to be attached
and Cancelled to each of said bills Of
lading, ETC., stamp of the value
of one cent; provided, that but one bill
of lading shall be required on bundles
or packages of newspapers when in
closed in one general bundle at the
time Of shipment. Penalty, $50.
tax of one cent is imposed for
every telephone message for which
over 10 cents is charged. Any tele-
graphic message, one cent.
Indemnifying bonds, 80 cents.
| Certificate Of profits Of any assoca-
ton and on all transfers thereof, on
each 500 of face value, two cents.
Certificates Of damage, or otherwise.
issued by any port warden or marine
surveyor, % cents; certificates of any
other description, 10 cents Charter
party, if the registered tonnage of the
vessel does not exceed 800 tons, So; ex-
ceeding 300 tons and not exceeding
600 tons, 50; exceeding 600 tons, SO.
Contract brokers' note or memoran-
dunn of sale of any goods or merchan-
disc, stocks, bonds, exchange, notes Of
hand, real estate or property of any
description issued by brokers or per-
sons acting as such, for each note or
memorandum of sale, 10 cents.
Conveyance or deed for real estate on
which consideration exceeds 500 and
does not exceed $500, 30 cents, and for
each additional $500, 80 cents
Entry of bonds at any custom house
not exceeding 500 in value, % cents;
exceeding 800 and not exceeding $500
in value, so cents; exceeding $500 in
value, 81. Entry for the withdrawal of
goods from customs bonded warehouse,
so cents.
BONDS.
The Secretary of the Treasury is au-
thorized to borrow on the credit Of the
United States from time to time as the
proceeds may be required, to defray
expenditures authorized on account of
the existing war (such proceeds when
received to be used only for the pur-
pose of meeting such war expenditures
the sum Of $500. 100000, or so much
thereof as may be necessary, and to
prepare and issue therefor coupon or
registered bonds of the United States
in denominations Of $40, or some null
tiple of that sum, redeemable in coin
at the pleasure of the United States
after ten years from the date of their
issue, and payable twenty years from
such date, and bearing interest payable
quarterly in coin at the rate Of per
cent. per annum. The bonds are to be
first offered at par as a popular loan.