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Sealed with its corporate seal, and dated this day of 189-. Whereas the (above bounden') is engaged in the business of insuring against loss or damage (here state character of risk and class of property on which such risk is assumed); and whereas the premiums charged by the said company under its open policies of insurance are subject to a stamp tax under the provisions of an act of Congress approved June 13, 1898; and whereas the premiums so charged can not, in the usual and ordinary course of its business, be charged or entered by the said company on thẻ said open policies of insurance: Now, therefore, the condition of this obligation is such that if the said company shall, as to all premiums charged under the said open policies of insurance, on and after the first day of July, 1898, cause the same to be entered on the premium books of the said company, and shall pay the full amount of tax imposed by the act of Congress aforesaid on all premiums so charged, and shall affix to the said premium books the required stamps denoting the payment of said tax; and shall, on the first day of each month, or within ten days thereafter, render to the collector of internal revenue for the district of

a full and accurate statement of all premiums so charged, and the amount of tax paid thereon as aforesaid, then this obligation to be void; otherwise to remain in full force and virtue.

As conditioned in the foregoing bond, the company will, not later than the tenth day of each month, render a statement of the amount of premiums charged during the preceding month, as also the amount of tax thereon paid. The required statement should be made on Form 429, in duplicate, one copy of which will be retained by the collector and one copy forwarded to the Commissioner of Internal Revenue.

The foregoing regulations will also apply to cases where individuals or firms, acting as agents or brokers, receive or charge premiums under open policies of insurance in addition to the premiums charged by the companies issuing such policies. It is to be especially noted that this provision has no reference to commissions allowed agents out of premiums charged by the companies issuing policies of insurance, as all such premiums must be reported by the companies in gross, and the tax thereon paid by the companies as required by law. Attention is also especially called to the fact that the foregoing regulations have reference only to open policies of insurance, and not to policies or other instruments under which insurance is effected, or renewed, where the premiums charged are, or can in the ordinary course of business be, noted thereon.

In view of the fact that stamps used in payment of taxes imposed in the cases here provided for are not identifiable by serial numbers, such taxes, if paid, will not hereafter be reported by collectors on their assessment lists; and so much of circular letter of June 30, 1898, above referred to as is inconsistent herewith is hereby rescinded.

1

N. B. SCOTT, Commissioner.

Omit, if bond is given by a surety company. In such case the corporate name and principal office of the company on whose behalf the boud is given should be stated in full.

INTERNAL-REVENUE STAMPS.

(19747.)

Sale of war-revenue stamps.

Discount allowed on purchases amounting to $100 applies only to adhesive stamps under Schedules A and B.

TREASURY Department,

OFFICE OF COMMISSIONER OF INTERNAL REVENUE,

To collectors of internal revenue:

Washington, D. C., July 22, 1898.

Section 25 of the act of of June 13, 1898, provides that collectors of internal revenue may sell and deliver adhesive stamps in quantities of not less than $100 of face value, with a discount of 1 per cent, except as otherwise provided in said act. The discount referred to applies only to adhesive stamps used in the payment of the tax levied in Schedules A and B of said act and furnished by this office to collectors, who shall sell and deliver them at their face value to all persons applying for the same, except officers or employees of internal revenue.

Special attention is called to the fact that the discount of 1 per cent under the conditions mentioned does not apply to stamps imprinted upon checks, drafts, and other documents; nor to proprietary stamps printed from private dies for the use of proprietors of articles who may furnish the same under the provisions of section 9 of said act. N. B. SCOTT, Commissioner.

(19935.)

Regulations concerning internal-revenue documentary and proprietary

stamps.

[Series 7, No. 26.]

TREASURY DEPARTMENT,

OFFICE OF COMMISSIONER OF INTERNAL REVENUE,

Washington, D. C., August 22, 1898.

Section 6 of the act of June 13, 1898, provides, under the title of "adhesive stamps," for the collection on and after July 1, 1898, of certain taxes on documents, instruments, and things mentioned and described in Schedule A, and upon certain medicines, preparations, and things described in Schedule B of said act, as follows:

Stamp duties on and after July 1, 1898.

SCHEDULE A-DOCUMENTARY.

1. Bonds, debentures, or certificates of indebtedness of any association, company, or corporation, on each $100 of face value or fraction thereof... 2. On each original issue of certificates of stock, whether on organization or reorganization, on each $100 of face value or fraction thereof..

On all sales, agreements to sell, memoranda of sales, deliveries or transfers of shares, or certificates of stock, of any association or corporation, on each $100 of face value or fraction thereof..

$0.05

.05

02

3. Upon each sale, agreement to sell, or agreement of sale, of any products or merchandise at any exchange or, board of trade, either for present or future delivery, for each $100 in value of said sale...

And for each $100 or fractional part thereof in excess of $100.

4. Bank check, draft, 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.

5. Bill of exchange (inland), draft, certificate of deposit drawing interest, or
order for payment of any sum of money otherwise than at sight or on
demand, or any promissory note, except bank notes issued for circula-
tion, and for each renewal of same, for a sum not exceeding $100........
And for each additional $100 or fractional part thereof in excess of $100..
(This clause applies to money orders issued by the Government.)
6. Bill of exchange (foreign), or letter of credit (including orders by tele-
graph or otherwise issued by express or other companies, or any person
or persons), drawn in but payable out of the United States, drawn singly
or otherwise than in sets of three or more, for not exceeding $100...
And for each additional $100 or fractional part thereof in excess of $100..
If drawn in sets of two or more: For every bill of each set for a sum not
exceeding $100 or its equivalent in foreign currency value fixed by the
United States standard....

For each additional $100 or fractional part thereof in excess of $100.
7. Bills of lading or receipt (other than charter party) for goods, etc., to be
exported...

8. Bills of lading, manifests, etc., issued by express companies or public car-
riers, etc., a stamp to each, and to each duplicate thereof, of the value of.
9. Bond: Indemnifying, etc., except those required in legal proceedings
10. Certificates of profits, or certificates of memoranda showing interest in the
property or accumulations of any associations, company, or corporation,
and all transfers thereof on each $100 of face value or fraction thereof.
11. Certificate of damage, or otherwise, and all other certificates or docu-
ments issued by port warden or marine surveyor...

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12. Certificates of any description required by law not otherwise specified in act

13. Charter party: Contract or agreement for the charter of any ship, vessel,
or steamer, or any renewal or transfer thereof, for every ship not exceed-
ing 300 tonnage...

More than 300 and not exceeding 600 tonnage
More than 600 tonnage

14. Contract: Broker's note or memoranda of sale of goods, or merchandise,
stocks, bonds, exchange, notes of hand, real estate, or property of any
kind, issued by brokers, etc., for each note or memorandum of sale not
otherwise provided for in act.

15. Conveyance: Deed, instrument, or writing conveying lands, tenements,
or other realty, etc., value over $100 and not exceeding $500.
For each additional $500 or fraction thereof.

Dispatch, telegraphic: On each message..

16. Entry of goods, wares, and merchandise in custom-house not exceeding $100 in value.

Exceeding $100 and not exceeding $500
Exceeding $500 in value....

Entry for withdrawal of goods or merchandise from customs bonded warehouse

17. Insurance (life): On every policy, except any fraternal beneficiary society or order, for each $100 or fractional part thereof on the amount insured. (Industrial or weekly-payment plan, the tax is 40 per cent of the amount of the first weekly premium, as to which sworn statement is required to be made to the collector of the total amount of first weekly premiums received on policies issued during preceding month.)

18. Insurance (marine, inland, and fire, except purely cooperative or mutual): On each policy or renewal, on amount of premium charged, on each $1.00 or fractional part.

10.00

.10

.50

.50

.01

.25

.50

1.00

.50

.08

.001

19. Insurance: Casualty, fidelity, and guarantee, on each policy on each $1.00 or fractional part thereof of premium received...

.001

20. Lease, agreement, memorandum, or contract for the hire, use, or rent of land or tenement not exceeding one year.

.25

Exceeding one year and not exceeding three years

50

If exceeding three years..

1.00

21. Manifest for custom-house entry or clearance of cargo of any ship, vessel, or steamer for a foreign port, registered tonnage not exceeding 300 tons.$1.00 Exceeding 300 and not exceeding 600..

Exceeding 600..

3.00 5.00

(Does not apply to vessels plying between ports of the United States and ports in British and North America.)

22. Mortgage of lands, estate or property, real or personal heritable, movable, made for payment of definite sum of money, also any conveyance of lands, estate, or property whatsoever in trust, etc., exceeding $1,000 and not more than $1,500.

On each $500 or fractional part in excess of $1,500. (Same as above in all assignments or transfers.)

.25

More than $60..

More than $30 and not exceeding $60.

23. Passage tickets by any vessel from United States to a foreign port, costing not exceeding $30

.25

1.00

25. Power of attorney to sell or convey real estate or to rent or lease the same,
to collect or receive rent, to sell or transfer stock, bonds, etc.
(Papers used in the collection of pension, back pay, or bounty claims, or
claims for property lost in military or naval service, are exempt.)

24. Power of attorney or proxy for voting at any election for officers of any incorporated company or association except religious, charitable, literary, or public cemeteries

3.00

5.00

.10

.25

.25

26. Protest: Upon the protest of every note, bill of exchange, acceptance, check, or draft, or any marine protest..

27. Telegraph dispatch, on each message..

28. Telephone messages: Every person, firm, or corporation, operating line or lines, is required to make, within the first fifteen days of each month, a sworn statement to the collector of the number of messages or conversations transmitted over their lines during preceding month for which a charge of fifteen (15) cents or more was imposed, and for each of such messages or conversations to pay a tax of..

29. Warehouse receipt for goods, merchandise, or property held on storage, except agricultural products deposited by actual grower .

SCHEDULE B-PROPRIETARY.

Medicinal proprietary articles and preparations.

1. For and upon every packet, box, bottle, pot, or phial, etc., containing any pills, powders, tinctures, waters (except natural spring waters and carbonated natural spring waters), etc., made and sold by any person whatsoever, claiming any private formula, secret or occult art, etc., sold under letters patent or trade-marks, etc., or recommended as remedies or specifics for any disease, when such packet, box, bottle, or phial, etc., shall not exceed the sum of 5 cents at the retail price

.01

.01

.25

.001

When retail price exceeds 5 cents and not 10 cents
When retail price exceeds 10 cents and not 15 cents
When retail price exceeds 15 cents and not 25 cents

.00%

.00g

.00ğ

And for each additional 25 cents or fractional part thereof.

.00ğ

2. Perfumery and cosmetics and other similar articles: For and upon every
packet, box, bottle, pot, or phial, etc., where such packet, box, bottle,
pot, phial, and contents shall not exceed in retail price 5 cents
When retail price exceeds 5 cents and not 10 cents
When retail price exceeds 10 cents and not 15 cents
When retail price exceeds 15 cents and not 25 cents.

.001

.00%

.00g

.00ğ

And for each additional 25 cents of retail price or value or fractional part thereof in excess of 25 cents.....

.00ğ

3. Chewing gum or substitutes therefor: For and upon each box, carton, jar, or package containing chewing gum, when the retail value does not exceed $1.00....

If exceeding $1.00, for each additional dollar or fractional part thereof 4. Sparkling or other wines when bottled for sale: Upon each bottle containing one pint or less...

Upon each bottle containing more than one pint

.04

.04

.01

02

Stamp tax not under Schedules A and B.

On seats in parlor or palace cars and berths in sleeping cars (stamp to be affixed to the ticket by the company)..

12593-22

.01

Under authority conferred upon the Commissioner of Internal Revenue in section 25 of said act, the following adhesive stamps have been prepared:

Documentary stamps-Schedule A.--cent, 1-cent, 2-cent, 3-cent, 4-cent, 5-cent, 10-cent, 25-cent, 40-cent, 50-cent, 80-cent, $1, $3, $5, $10, and $50.

Proprietary stamps-Schedule B.--cent, 1-cent, 3-cent, g-cent, 1-cent, 14-cent, 13-cent, 2-cent, 23-cent, 33-cent, 4-cent, and 5-cent.

Procurement of adhesive stamps.

All of the above stamps may be purchased from collectors and deputy collectors of internal revenue, and from bankers, merchants, and others keeping them for sale.

When purchased from collectors or their deputies to the amount of $100 face value at one time, whether for use or resale, a discount of 1 per cent will be made.

The discount of 1 per cent will not be allowed on purchases of stamps imprinted on checks, drafts, or other papers, or private die proprietary stamps.

Stamps to be affixed to articles manufactured in a foreign country and imported into the United States may be purchased and forwarded to the place of manufacture and there affixed to the articles before the same are packed for importation.

Imprinted stamps on checks, ärafts, and other papers.

Persons desiring to have stamps imprinted upon checks, drafts, orders, or other papers will make application therefor to the collector of their district, transmitting or presenting with such application payment for the stamps. The application must state the name and address of the contractor who will imprint the stamps, and should authorize the delivery of the paper, when stamped, to the said contractor.

Upon receipt of such application and payment for the stamps the collector will forward to the stamp agent at the establishment of the contractor designated an order for the imprinting of the stamps and the delivery of the stamped paper to the contractor for shipment to owner. Collectors must in all cases attach their seals to such orders. The agent must take the contractor's receipt for all stamped paper when delivered.

Blank checks, drafts, or other papers to be imprinted with revenue stamps should be forwarded by the persons desiring the same directly to the contractors, who will imprint the stamps.

The Government will not pay any expense or assume any risk on paper forwarded contractors, or on stamped paper returned by contractors to owners.

The contractor's charge for imprinting stamps is limited by the terms of his contract with the Government to an amount not exceeding $1 per thousand stamps, and payment therefor should be made directly to the contractor.

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