Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1898-06-30
New Revenue Law.

The First National Bank and the Corn
Exchange Bank have issued circulars to
their customers calling attention to the
new revenue law that goes into effect
July which requires the use and cancel
lation of adhesive stamps or checks,
drafts and notes and which provides
penalties for its violation. They say
they hope to be able to sell these stamps
to such of their customers as may find
it convenient to buy of them. They
quote the following from the law:
y That on and after the first day of
July, eighteen hundred and ninety eight.
Il
That if any person or persons shall
make, sign, or issue, or cause to be made,
signed, or issued, any instrument, docu-
ment or paper of any kind or description
whatsoever, without the same being
duly stamped for denotlng the tax here
by imposed thereon, or without having
thereupon an adhesive stamp to denote
said tax, such person or persons shall be
deemed guilty of misdemeanor, and
UPON conviction thereof shall pay a fine
of not more than one hundred dollars, at
the dissertation of the court, and such
instrument, document, or paper, as afore-
said, shall not be competent evidence in
any court.
= *
THAT in any and all cases where an
adhesive stamp shall be used for denot
ing any tax imposed by this Act, except
as hereinafter provided, the person using
h., l,nll ~
thereupon 1.-THE initials of his name and
the date upon which the same shall be
attached or used, so tina the same may
not again be used. And if any person
shall fraudulently make use of an ad-
hesive stamp to denote any tax imposed
by this Act, without so etfectually can
ceiling and obliterating such stamp,
except as before mentioned, he, she, or
they shall be deemed guilty of mis-
demeanor, and upon conviction thereof
shall pay fine of not less than fifty nor
more than five hundred dollars, or be
imprisoned not more than six months,
or both, at the discretionof the court. =
u 4
That if any person or persons shall
make, sign, or issue, or cause to be made,
signed, or issued, or shall accept or pay,
or cause to be accepted or paid, with
design to evade the payment of any
stamp tax, any bill of exchange, draft, or
order, or promissory note for the pay
ment of money, liable to any of the taxes
imposed by this Act, without the same
being duly stamped, or having there
upon an adhesive stamp for denoting
the tax hereby charged thereon, he, she,
or they shall be deemed guilty of mis-
demeanor, and upon conviction thereof
shall be punished by fine not exceeding
two hundred dollars, at the discretion Of
the court,
X
Bank check, draft or certificate 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
| persons, companies, or corporations at
sight or on demand, two cents.
"Bill of exchange Gnland), draft, GER
tiicate of deposit drawing interest, 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 circulation, and
for each renewal of the same, for a sum
not exceeding one hundred dollars, two
cents; and for each additi onal one hun
dred dollars or fractional part thereof in
excess of one hundred dollars, two
cents"