The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1898-06-29
EXEMPT FROM
PENALTY
Banks viii Not Buy the
Stamps Necessary as
a War Measure.

From Washington, In response to In
qnires from collectors OF ihlernal revenue
rs to their duties In case Of the non-arrl.
val by July OF supply OF stamps, the
commissioner ofinternal revenue has Is
sued general circular In which he calls
attention to the provisions In the law.
The language :"Where no collection dis
tr.ct Is established" and when for that
reason it was impossible to procure tho
stamps and where the failure TO aff1K
them was not duo to any willful design u
defraud the United States, tho taxpayer
may DO relieved by the collector from pny-
ment of the poualty.
lis not insisted that business shall
stop. but that legitimate business shall be
transacted. and tho stamps required OH
goods or instrunen Of writing disposed
Of under such circumstances may be Ats
fixed by anyone holding or interested In
the goods. In cases Of consumption the
retail dealer is required to make sworn
return Of the facts to the collector, who
shall assess and collect the tax due
Taxpayer, however, are adnonished
that this urgency regulation dees not In
any way excuse them from the duties de-
volved upon them by the statute with 70.
ference to procuring stamps for ull In
stamped under schedules A and b of tho
new act. Neglect to perform any of the
requirements thereof except for unavoid.
able reasons will subject the taxpayer to
the penalties provided therein, and they
will be strictly enforced. 80
Collector Wells has been notified that the
special tax stamp for bankers will not be
ready for distribution for some time,
owing to the delay in devising suita.
bic designs for the 400 different de.
nominations and printing the large mum.
ber of stamps needed. After July l, when
lbe act goes into effect, and until the
stamps are ready, the tax will be levied by
assessment and receipts furnished.
The Collector has received q commune
,ation from Commissioner Of Internal
Revenue Scott calling attention to tho
clause OF Schedule A Of tho act Of June
l3 1888. which provides for tax Of two
cents upon all transfers or memoranda
'ales or deliveries OF shares or certificates
II stocks in any association, company or
corporation. on each hundred dollars Of
ace value.
The Wilmington bankf will not enter
nto contest for the deposits of men with
money during the present war. as was
lone during the war of the Rebellion by
ONO of the private banks that furnished
ertain depositers with checks with the
evenus stamp on them. This was dono
o induce thom to take their deposit from
ne bank and place 1t In another. 1t was
lone in q number of cases and In some In
tances TO the sorrow Of the depositers for
hey renamed long enough with the bank
o get caught in the crash which wiped 10
Ut Of exis,enc and lost considerable mora
money than they had to pay for revenue
lamps.
Tho City Treasurer will have some i'm
orlant business to consider Hundreds
orders or checks are given out each week
: the 1reasurer's office and If there is
wo cent stamp to go on each of them 10
will make pretty big charge In the
curse of a year. Tbs question Of paying
ut the orders at the Office Of the Treasurer
being considered. The Trea iurer could
ct the money from the bank in lump
lm and the men could be paid off at tho
reasulers Office, instead Of gotlg to the
anks with the order. The man who puts
two cent stamp on seventy cent check
paying pretty good interest, but there
ro checks sent out for smaller amouut
lan that.