The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1914-12-11
Demand For Stamps
Exceeds the Supply
From Thursdays Daily.

from Thursdays Daily.
George w. sugden. vice president
OF the National Citizens bank, went
TO st. Paul yesterday and called on
the internal revenue office Tor
stamps. AZ first he was refused. but
he insisted that Mankato must have
some. At length he succeeded in
getting 5000 worth. There are Eve
thousand ones, twenty-five hundred
twos and the rest In fives. tens and
one-dollar amounts. Mr.. Sugden says
this will help tide over the business
OF Mankato for some time.
In the revenue Office there was a
great pile OF mail orders for supplies
of stamps from all parts Of the dis
trict None OF these had been
opened since Friday. st. Paul bust
ness men had been vainly trying for
some time to get stamps nj the of.
fee.
Mankato Will Pay Well.
That Mankato's remarkable busl-
ness activity for its size will result
In its paying more than what one
would be apt to expect In city OF
It's size SENS conclusion from
This Is a great railroad center and
II Is estimated that five hundred
freight shipments on an average 20
out of this city daily. On these
alone the One-cent stamp tax would
amount TO five dollars per day, or
1925 per month. counting twenty-five
business days TO the month.
The two express companies ship
out approximately 1900 packages In
month. and this would make $40
per month in the federal tax.
The telegraph companies transmit
about twenty-five hundred messages
per month, and here Is a tax of about
$25 per month.
Mankato banks will have TO pay
about $500 per year as the tax on
capital and surplus, this tax being
one dollar on each thousand dollars.
The tax will thus amount to $50 per
month, or thereabout, on the capital
and surplus of the Mankato banks.
View Of Local Banker.
A prominent local banker today
expressed the opinion that the stamps
on deeds and other business docu-
ments used by banks in this city
would amount TO $4,000 year. COW
ering the business of the banks
themselves alone. lie said he
thought $4,000 would cover the stamp
tax on such business for oil the PEG.
pie Of the city In ono year. hut he
said that was only u rough estimate.
lie would not vouch for It's being
anything like a correct figure. :.
When one stops to consider the
fact that long distance telephone
calls, billiard and pool tables. drugs,
tobacco, theatres, chewing gum and
liqours must all share In the tax,
there Is little doubt that Mankato
will show up quite respectable to-
tai In months time.
The fact that tax must be paid
on every bottle OF champagne, and
also on other liquors, means that the
war tax Is going 10 hit wet towns
harder than dry ones. ,.
What Must Pay Tax.
Inquiries to Attorney General Lynn
don A. Smith by state and. county
officials for interpretations of the
war tax stamp law have led to sew
pral opinions being given.
One Of interest To all successful
candidates In the recent election In
that they will each be compelled 10
pay n tax of 50 cents on their bonds.
A summary CT opinions by the at
torney general follows.
Certificate Of notary on all articles
of incorporation filed with the see.
Rotary OF state. Tax 10 cents,
Certificates of acknowledgment on
,nA L. -
be stamped. Tax 10 cents.
Acknowledgements by notaries on
papers not bearing tax. Tax 10
cents.
Bonds given by notaries. Tax so
cents.
County and state officers bonds.
Tax 80 cents. ,
Bonds OF county treasurers IN the
state TO account for money received
on land sale. Tax so cents.
Bonds OF game wardens. Tax so
cents.
Bank depository bonds where
given to state for designation OF
bank rs state depository. Tax so
cents. 49,. T..
Z All. licenses to solicit insurance.
Tax 10 cents. e.. >.,f. -, -
Marriage certificates issued by
ministers. Tax 10 cents. =
2 Documents Not Taxable. e..
Notifications TO pleadings In court.
Certified copies OF opinions issued
by clerk Of supreme court.
Bonds of executors, administrators
and guardians, r... -.
Certificate by register OF deeds
showing where and when an instr,i-
ment was recorded. -. .s-. %.
Affidavits not certified by notary.
Marriage licenses. LID.
Birth and death certificates.
All court processes.
Certificates issued ut tax sales and
certificates of redemption from tax
sales. ...sEs
Architects certificates.
Teachers certificates. -.
Mercantile and liquor dealers IT.
censes. ia ak, -
Certificates of inspectors and weigh
ers of grain
Releases of ditch liens.
Attorney General Smith ruled that
rs mortgages themselves are not
taxed. the noiarial certificates on
them must bear 10-cent stamp. In
the case of deed, the deed itself
Is stamped and therefore the no
tarial certificate does not need n