The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1898-08-28
LATE WAR STAMP RULINGS.
DECISION OF INTEREST TO ALL
CITIZENS.
A Number Of Points Not Hereto
fore Understood Made
Clearer.

The following new decisions for the
instruction of revenue officers were is
sued yesterday:
Stamps are required for letters of ad-
ministration of estates or guardian
ships. Petitions for appointments to
those positions require no stamp. NO
stamp is required on affidavits.
Bonds of brewers, manufacturers OF
tobacco, oleomargarine, cigars, dlstll-
lerS' annual, distillerS' Warehouselng,
transportation and export bonds require
stamps. When bonds are required
triphcate each must be stamped Cop
les Of distillers' bonds do not require
the stamps. When a surety company is
surety on these bonds the tax is one
half of one cent on each dollar OF pre-
MUM and the 50-cent bond tax. A bond
filed by order of court to obtain de-
cree of sale Of real estate escapes the
tax
A bond is promise to pay and should
be treated as promissory note. This
applies to bond to a mortgage. Bonds
given by public officers require stamp.
Bonds issued by companies in Canada
do not require stamp unless they bear
the signature of local agents.
The certificate of a clerk of court as
to the qualifications of Notary, Justice,
etc, requires a stamp.
A certificate of acknowledgment to a
deed less than 500 or a mortgage less
than 81 900 does not require stamp.
Court summonses are not required to
be stamped
Where draft duly stamped is drawn
by one bank on another bank, the bank
receiving and paying is not required to
affix any stamp thereto.
When a bank charges a customer s
account with the amount of note, at
its maturity, which he has given and
which is made payable at that bank, no
liability to stamp occurs thereby, I'M
less some written direction is given by
the maker of the note to the bank
which is in effect an order to the bank
to pay the amount of the note to the
holder out Of the funds of the maker
of the note. Such an order will require
a 2-cent stamp.
Checks drawn by the manager of the
Clearing House, to settle balances be-
tween banks, are subject to stamp as
checks
Orders for the payment of money on
sight or on demand are subject to the
stamp tax imposed on checks by the
third paragraph of schedule A; but on
orders for the payment of money 9th
erwise than at sight or on demand, the
stamp tax must be paid as on promis-
sorry notes.
An order payable or redeemable in
merchandise only (and not in money!
does not require the 2-cent stamp.
Rebate checks issued by conductors
of the value of 10 cents. being the ex-
cess on fare collected on trains, which
are redeemable by the company's agent
on presentation, are subject to tax.
Tickets received at a bank and paid
the same as checks are regarded as in
effect orders for the payment of money
Orders for the payment of money
drawn by the Secretary Of an order or
beneficiary society on its Treasurer, in
favor of a third party, require 2-cent
stamp.
The second provision in the para
graph relating to life insurance in
schedule A, that the provisions of this
section shall not apply to any fraternal.
beneficiary society or order" relates
only to policies of insurance referred to
in that paragraph.
A check drawn by the cashier or
some OIneE OIIlcGT VI Il DdIlh utjOu Tic
bank of which he is such officer, made
payable to some person not connected
with the bank, requires a stamp.
Any receipt or memorandum given by
a warehouseman or any signing by a
warehouSeman of any express COM
pany's book or other receipt evidencing
the fact that goods have been placed on
storage is such a receipt requiring a
stamp tax of p cents, whether the
same is negotiable or Unacceptable.
In regard to who shall pay for stamps
required on documents, the Treasury
Department cannot dictate. 1t is the
duty of the person, firm or corporation
issuing the instrument to see that it is
duly stamped, and penalty is provided
for neglect in so doing, and the infer
ence is drawn that the person, firm or
corporation issuing the instrument
shall pay for the stamp required.
Proprietary stamps cannot be used
on documents.