The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1901-06-27
Stamp Taxes on Bank Checks, TeIe-
grams, Express Receipts, Etc.,
Will Be Repealed.
YOU CAN SAVE MONEY ON DEEDS
Transactions Involving Transfers of Prop
erty by Deed OF Mortgage May Be
Proftab1y Deferred.

On July 1 nearly all the stamp taxes
will be repealed, so that from now on
it will pay people to take the revenue
stamp into consideration. OF course,
no one would stop sending telegraph
messages for ten days, or hold an ex-
press package the rest of the month to
save penny, but many dollars can be
saved on deeds and mortgages.
So far as the general public is con-
cerned the repeal law will be chiefly
grateful because it abo1ishes the stamp
taxes on bank checks, kilograms, ex-
press receipts and money orders.
These are the little taxes, small in
amount, but annoying to the individ-
ua1. What the people as a whole will
save money on will be the stamps on
conYeyances, mortgages, leases and
bonds.
The full list of the taxes which will
be repealed after next week is as fol-
lows: Bank checks, 2 cents; bills OF
fading for export, 10 cents; bond or
obligation by guarantee company, Il
of one cent on each dollar; certificates
of damage, Is cents; certificates of de-
post, 2 cents; certificates not other
wise specified, 10 cents; charter party,
So to $40; chewing gum, 4 cents each
81; commercial brokers, $50; drafts,
sight, cents; express receipts, ! cent;
insurance, life, 8 cents on each 500;
marine, inland, fire, q cent on each 81;
casualty, fidelity and guaranty, e
cent on each 81; lease, Is cents to 81;
manifest for custom house entry, 81 to
SIS; mortgage or conveyance in trust,
IS cents for each 81 500; order for pay
ment of money on sight or demand;
perfumery and cosmetics, Is cent for
each 5 cents; power of attorney to
vote, 10 cents; power of attorney to
sell, Is cents; promissory notes, 2
cents for each 500; proprietary medi-
cines, IS cent for each 5 cents; pro-
test, Is cents; telegraph message, 1
cent; telephone message, 1 cent;
United States money orders, 2 cents
for each 500; warehouse receipts, Is
cents.
Some of the war taxes have been
modified and after July 1 will be col
1ected in less onerous form, the changes
being as follows: Beer, So per barrel
and ~ per cent discount, changed to
81 90 per barrel and ~ per cent dis
count repealed. Bills of exchange,
foreign, 4 cents for each 500, changed
10 2 cents for each 800. Cigars
weighing more than three pounds per
1000, $500 per 1000, changed to So per
1000.
Legacies-Law modified so as to ex-
c1ude from taxation 1egacies of chart
table, religious, literary, or education
al character after March l, 1901. Or
ders for payment of money by te1e-
graph, etc., issued by express COM
panies, etc, drawn in but payable out
of United States, 2 cents for each 500.
Passage tickets, 81 to SIS; now ex-
empted below $50 in value; for each
$50, 90 cents; exceeding $50, in addi-
ton thereto, so cents.
The war revenue taxes retained after
July without change include bankers
capital and surplus, $50 for $4,000 and
s. for each additional $1,000; bonds,
debentures, certificates of indebtness,
ETC., 5 cents for eoch 500; bonds for
indemn nifty or for due execution or per-
Torrance of duties of any Office or
position, so cents; brokers' contract, 10
cents; certificates of profits, 2 cents for
each 500; certificates of stock, origi-
nal issue, cents for each 800; certifi-
Gates of stock transfer, 2 cents for
each 500 (amended to include sales at
bucket shops); progrietors of bowling
alleys or billiards rooms, IS for each
alley or table; proprietors of other
public exhibitions, SO; proprietors of
theaters, museums and concert halls,
500; sleeping and parlor car tickets, 1
cent.