Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1900-09-04
Commission Sheds Light on Per-
picking Questions.
is ABOUT lnpRINTING STAMPS
Defines Warehouse Receipts and
Among Other Things Says Checks of
Referees and Trustees in Bankrupt
cy Are Not Taxable When Used.

of internal revenue, prints the latest
ruling on subjects about which his
collectors are in quandary. Recent
numbers of the bulletin contain infor-
nation regarding the imprinting Of
| stamps on checks, drafts, and other in
struments, and how application should
be made when it is desired that the
work be done in this manner.
The commissioner gives definition
of warehouse receipts and also cites
Tie law to make it doubly clear. He
further says that the checks of refer
ees and trustees in bankruptcy mat
| tiers are not taxable, and winds up by
reiterating that union labor labels
may be used on packages of cigars,
tobacco, snuff and cigarettes
| But certain number of firms are
| allowed to imprint revenue stamps on
checks, drafts and other instruments,
and persons desiring to have the
stamp SO imprinted will make applica-
ton for themselves, or thru their
agent, who must not be contractor
for the imprinting of stamps, to col
| lector of internal revenue. transmit
| ting or presenting with such applica-
ton payment for the stamps. The ap-
piiSthtioi lhuol oIdlC tliC talilC anu
dress of the contractor who will i'm
the delivery of the instruments when
| stamped to the said contractor.
The contractors charge for imprint
| ing stamps is limited by the terms of
his contract with the government to 80
cents per thousand stamps imprinted
! when imprinted upon sheets contain
ing five or more stamps, and 81 per
| thousand stamps when imprinted up
on sheets containing less than five
stamps to the sheet, and payment for
| imprinting stamps should be made di-
| rectly to the contractor. All stamps
shall be imprinted at the price herein
named, without discount or rebate, and
only upon checks, drafts or other in
struments delivered entirely at the ex-
pense of the person, firm, or corpora
ton presenting the same. When
the stamps are imprinted and
delivered to the contractor, he
shall, under the direction and super
vision of the stamp agent, at the con-
tractors expense, pack in the proper
manner for shipment all checks, drafts
or instruments upon which said
stamps were imprinted by him, and
ship the same wholly at the expense
and according to the direction of the
person, firm, or corporation that pre-
sented them. Contractors are prohib-
tied from paying any transportation
| charges whatever on instruments for
warded them to be imprinted or on
stamped instruments returned by them
to the owners.
Definition of Warehouse Receipts.
| The commissioner has heretofore
made ruling or rather defined what
a warehouse receipt is, but cores
pondent did not clearly understand it.
Following is what the commissioner
has to say in the additional informa-
| ton:
| A receipt given for the payment of
storage after the storage has ceased is
not taxable as a warehouse receipt,
but bill for storage rendered at the
time the goods are received on storage
or during the continuance of such stor-
age, is an acknowledgment that cer-
tain goods have been received and are
held on storage, and requires 25cent
stamp as a warehouse receipt.
1t should perhaps be added to the
above, for the sake of abundant clear
ness, that if any other form of ware
house receipt has been issued and
stamped in any case where a bill is
rendered the bill itself would not be
taxable as receipt.
Following the opinion of the attor-
ney general, the ruling of this Office is
that any instrument is warehouse re-
ceipt that is issued by warehouse
| man op6 from biob tba 70 that oo,.
tain goods, merchandise, or property
are deposited in his warehouse and
held on storage for some particular
person or persons can be reasonably
inferred.
Checks of Referees Not Taxable.
The commissioner says that the
checks of referees in bankruptcy, used
to pay the costs of proceeding arts
ing out case before a United States
court in bankruptcy proceedings, are
not subject to taxation; neither are
checks of trustees taxable when by
them the funds in these cases are paid
out. The commissioners has held that
the checks of clerks of courts, when
issued pursuant to an order of the
court in the settlement of matters arts
ing before the court, are exempt from
taxation.
"a referee and trustee in bankrupt
cy are officers of the court" says the
commissioner, land when they dis,
burse funds in these proceedings they
occupy a somewhat similar position to
a clerk of the court in regard to the
matter of taxation, and for this reason
the checks are not required to be
stamped except under section II OF
the act"
Union Labor Labels.
A union labor label may be affixed
to a package containing cigars, tobac
co, snuff and cigarettes. A similar
ruling was made last May, but in the
current bulletin the commissioner in.
forms a collector that the use of such
labels is perfectly legitimate.
Farmers
Try Daggett & Sons stabling, 15c.
|