Deposits in savings institutions having no capital stock, &c. exempt where invested in securities of the United States. Deposits less than $500, in the name of any one person, exempt. Returns to be made semi-annually. bonds, and to provide for the circulation and redemption thereof." And the deposits in associations or companies known as Provident Institutions, Savings Banks, Savings Funds, or Savings Institutions, having no capital stock and doing no other business than receiving deposits to be loaned or invested for the sole benefit of the parties making such deposits, without profit or compensation to the association or company, shall be exempt from tax on so much of their deposits as they have invested in securities of the United States, and on all deposits less than five hundred dollars made in the name of any one person; and the returns required to be made by such Provident Institutions and Savings Banks after July, eighteen hundred and sixty-six, shall be made on the first Monday of January and July of each year, in such form and manner as may be prescribed by the commissioner of internal revenue. That section one hundred and twenty be amended by striking out all after the enacting clause, and inserting in lieu thereof the following: Duty of 5 per That there shall be levied and collected a tax of five per centum on cent. on dividends of banks, all dividends in scrip or money thereafter declared due, wherever and trust companies, whenever the same shall be payable, to stockholders, policy holders, or desavings institutions, and insur- positors or parties whatsoever, including non-residents, whether citizens ance companies. or aliens, as part of the earnings, income, or gains of any bank, trust Same duty on company, savings institution, and of any fire, marine, life, inland insurance additions to sur- company, either stock or mutual, under whatever name or style known or plus or contingent funds. Return to be within 10 days after dividend is payable. Return to be called, in the United States or Territories, whether specially incorporated or existing under general laws, and on all undistributed sums, or sums made or added during the year to their surplus or contingent funds; and Duty to be said banks, trust companies, savings institutions, and insurance companies withheld from shall all payments on the said tax, and are hereby authorized to deduct and withhold pay account of such from all payments made on account of any dividends or sums of money dividends. that may be due and payable as aforesaid the said tax of five per centum. And a list or return shall be made and rendered to the assessor or assistmade to assessor ant assessor on or before the tenth day of the month following that in which any dividends or sums of money become due or payable as aforesaid; and said list or return shall contain a true and faithful account of the amount of taxes as aforesaid; and there shall be annexed thereto a verified by oath declaration of the president, cashier, or treasurer of the bank, trust comof president, cashier, or treas- pany, savings institution, or insurance company, under oath or affirmation, in form and manner as may be prescribed by the commissioner of internal revenue, that the same contains a true and faithful account of Penalty for de- the taxes as aforesaid. And for any default in the making or rendering fault in render- of such list or return, with such declaration annexed, the bank, trust coming return. pany, savings institution, or insurance company making such default, shall In case of de- forfeit as a penalty the sum of one thousand dollars; and in case of any fault, assessment default in making or rendering said list or return, or of any default in the be in accordance payment of the tax as required, or any part thereof, the assessment and with general urer. and collection to provisions. Dividends of life insurance collection of the tax and penalty shall be in accordance with the general provisions of law in other cases of neglect and refusal: Provided, That the tax upon the dividends of life insurance companies shall not be deemed due until such dividends are payable; nor shall the portion of premiums due until paya- returned by mutual life insurance companies to their policy holders, nor the annual or semi-annual interest allowed or paid to the depositors in turned by mutu- savings banks or savings institutions, be considered as dividends. companies not ble. Premiums re al life insurance companies not dividends. SEC. 9. [bis.] **** That section six of the act of March third, eighteen hundred and sixty-five, entitled "An act to amend an act entitled 'An act to provide internal revenue to support the government, to pay interest on the public debt, and for other purposes," approved June thirty, eighteen hundred and sixty-four, be amended by striking out all after the enacting clause, and inserting in lieu thereof the following: Tax of 10 per That every national banking association, State bank, or State banking cent. upon circu- association, shall pay a tax of ten per centum on the amount of notes of any person, State bank, or State banking association, used for circulation lation of State and paid out by them after the first day of August, eighteen hundred and banks, &c. after August 1, 1866. sixty-six, and such tax shall be assessed and paid in such manner as shall be prescribed by the commissioner of internal revenue. sidered the same ceed 5 per cent. tax. That section fourteen of the same act shall be amended by striking out all after the enacting clause, and inserting in lieu thereof the following: That the capital of any State bank or banking association which has Capital of State banks converted ceased or shall cease to exist, or which has been or shall be converted into national into a national bank, shall be assumed to be the capital as it existed im- bank to be conmediately before such bank ceased to exist or was converted as aforesaid; as before conand whenever the outstanding circulation of any bank, association, cor- version. poration, company, or person shall be reduced to an amount not exceed- When circulaing five per centum of the chartered or declared capital existing at the tion does not extime the same was issued, said circulation shall be free from taxation; of capital to be and whenever any bank which has ceased to issue notes for circulation exempt from shall deposit in the treasury of the United States, in lawful money, the amount of its outstanding circulation, to be redeemed at par, under such regulations as the Secretary of the Treasury shall prescribe, it shall be exempt from any tax upon such circulation; and whenever any State National banks bank or banking association has been converted into a national banking tax due from the association, and such national banking association has assumed the liabili- State bank. ties of such State bank or banking association, including the redemption of its bills, by any agreement or understanding whatever with the representatives of such State bank or banking association, such national banking association shall be held to make the required return and payment on the circulation outstanding, so long as such circulation shall exceed five per centum of the capital before such conversion of such State bank or banking association. No. 49. - FEBRUARY 5, 1867. CHAP. XXVI. — An Act to punish certain Crimes in Relation to the Public Securities and Gurrency, and for other Purposes. to be held for the Stat. at Large, Vol. XIV. p. 383. Be it enacted, &c. That if any person or persons shall buy, sell, ex- Penalty for change, transfer, receive or deliver, any false, forged, counterfeited or buying, selling, &c. forged bonds, altered bond, bill, certificate of indebtedness, certificate of deposit, coupon, notes, &c. with draft, check, bill of exchange, money order, indorsement, United States intent that they shall be passed note, treasury note, circulating note, postage stamp, revenue stamp, or used as genupostage-stamp note, fractional note, or other obligation or security of the ine. United States, or circulating note of any banking association organized or acting under the laws of the United States, which has been issued or may hereafter be issued under any act of Congress heretofore passed, or which may hereafter be passed, with the intent, expectation, or belief, that the same shall or will be passed, altered, published or used as true and genuine, such person or persons so offending, shall be deemed guilty of felony, and on conviction thereof shall be imprisoned not more than ten years, or fined not exceeding five thousand dollars, or both, at the discretion of the court. SEC. 2. That it shall not be lawful to design, engrave, print, or in any The making manner make or execute, or to utter, issue, distribute, circulate or use, or using cards, circulars, &c. in any business or professional card, notice, placard, circular, handbill, or the similitude advertisement, in the likeness or similitude of any bond, certificate of in- of any United debtedness, certificate of deposit, coupon, United States note, treasury declared unlawStates security note, circulating note, fractional note, postage-stamp note, or other obliga- ful. tion or security of the United States, or of any banking association organized or acting under the laws thereof, which has been or may be issued under or authorized by any act of Congress heretofore passed or which may hereafter be passed. And any person or persons offending against the provisions of this section shall be subject to a penalty of one hun Penalty, how recovered, and to whose use. The printing, &c. of any business card or no tice, &c. on any United States security, made unlawful. Penalty, how recovered, and to whose use. Penalty for making, &c. impressions upon any material by any tool, &c. used, &c. in printing, &c. or dred dollars, to be recovered by an action of debt, one half to the use of the informer. SEC. 3. That it shall not be lawful to write, print, or otherwise impress upon any bond, certificate of indebtedness, or other instrument specified in the last preceding section, any business or professional card, notice or advertisement, or any notice or advertisment of any goods, wares or merchandise, or of any drug or medicine, or of any invention or patent, or of any other matter or thing whatsoever; and any person or persons offending against the provisions of this section, shall be subject to a penalty of one hundred dollars, to be recovered by an action of debt, one half to the use of the informer. SEC. 4. That if any person shall, without authority from the United States, take, procure, make, or cause to be taken, procured or made, upon lead, foil, wax, plaster, paper, or any other substance or material, an impression, stamp, or imprint of, from, or by the use of, any bed-plate, bedpiece, die, roll, plate, seal, type, or other tool, implement, instrument or in making other thing, used, or fitted or intended to be used, in printing, stamping or imtools, &c. to be used in printing, pressing, or in making other tools, implements, instruments or things to &c. any security, be used, or fitted or intended to be used, in printing, stamping or im&c. to be issued pressing any kind or description of bond, bill, note, certificate, coupon, or by or for the United States. Penalty for pression, &c. of other paper, obligation, security or instrument now authorized, or hereafter to be authorized, by law, to be executed, altered, delivered, given, issued or put in circulation by, for, or in behalf of the United States, such person shall be deemed guilty of felony, and, on conviction, be punished by imprisonment not more than ten years, or by fine not exceeding five thousand dollars, or both, at the discretion of the court. SEC. 5. That if any person shall, with intent to defraud, have in his sion, without au- possession, keeping, custody, or control, without authority from the United thority and with States, any imprint, stamp, or impression, taken or made upon any subintent to destance or material whatsoever, of any tool, implement, instrument, or fraud, any imthing used or fitted, or intended to be used, for any or either of the purposes mentioned in the last foregoing section; or if any person shall, with intent to defraud, sell, give, or deliver any such imprint, stamp or impression to any other person; such person, so offending, shall be deemed guilty of felony, and on conviction be punished by imprisonment not more than ten years, or by fine not exceeding five thousand dollars. any tool, &c. used or intended for printing, &c. any security to be issued by or for the United States; for secreting, carrying away, &c. without authority, from any place of de- SEC. 6. That, if any person, whether employed under the United States or not, shall, without authority from the United States, secrete within, embezzle, or take and carry away from any building, room, office, apartment, vault, safe, or other place where the same is kept, used, employed, placed, lodged, or deposited by authority of the United States, any bed-piece, bed-plate, roll, plate, die, seal, type, or other tool, implement, or thing used, or fitted to be used, in stamping or printing, or in making some other tool or implement used or fitted to be used in stamping for printing, &c. or printing, any kind or description of bond, bill, note, certificate, coupon, any security, postage stamp, revenue stamp, fractional currency note, or other paper, currency, &c. to be issued by instrument, obligation, device, or document, now authorized or hereafter or for the United to be authorized by law to be printed, stamped, sealed, prepared, issued, for taking, &c. uttered, or put in circulation by or on behalf of the United States; or without author- shall, without such authority, so secrete, embezzle, or take and carry ity, any material prepared and in- away any paper, parchment, or other material prepared and intended to be used in the making of any or either of such papers, instruments, obligations, devices, or documents; or shall, without such authority, so secrete, embezzle, or take and carry away any paper, parchment, or other mateprinted, &c. in rial printed or stamped, in whole or in part, and intended to be prepared, whole or in part, issued, or put in circulation, by or on behalf of the United States, as one of the papers, instruments, or obligations hereinbefore named, or printed use, as such cur- or stamped, in whole or in part, in the similitude of any such paper, inrency, &c.; strument, or obligation, whether it be intended to issue or put the same States; tended to be used in making such stamps or currency, or and intended for circulation and in circulation or not; such person or persons so offending shall, on conviction, be punished by imprisonment not exceeding ten years, or by fine not exceeding five thousand dollars, or both, at the discretion of the court. for taking without author SEC. 7. That if any person shall take and carry away, without authority from the United States, from the place where it has been filed, lodged, ity from any or deposited, or where it may for the time being actually be kept by au- place of deposit, thority of the United States, any certificate, affidavit, deposition, written any paper prestatement of facts, power of attorney, receipt, voucher, assignment, or ed for use to propared or intendother document, record, file, or paper, prepared, fitted, or intended to be cure the payused or presented in order to procure the payment of money from or by ment of money from, or allowthe United States, or any officer or agent thereof, or the allowance or ance of claims payment of the whole or any part of any claim, account, or demand against, the United States, against the United States, whether the same has or has not already been whether such so used or presented, and whether such claim, account, or demand, or any paper has or has part thereof, has or has not already been allowed or paid; or if any per- not been so used, son shall present or use, or attempt to use, any such document, record, has or has not file, or paper, so taken and carried away, in order to procure the payment been so allowed. of any money from or by the United States, or any officer or agent thereof, or the allowance or payment of the whole or any part of any claim, account, or demand against the United States; such person, so offending, shall be deemed guilty of felony, and on conviction be imprisoned not more than ten years, or fined not exceeding five thousand dollars, at the discretion of the court. or such claim Penalty for ing to use such paper. using or attempt Stat. at Large, Vol. XIV. p. 557. Penalty for S. property. Be it enacted, &c. That if any person shall rob another of any kind or description of personal property belonging to the United States, or robbing another shall feloniously take and carry away the same, the person so offending of, or stealing U. shall, on conviction, be punished by fine not exceeding five thousand dollars, or by imprisonment at hard labor, not less than one, nor more than ten years, or by both, at the discretion of the court. No. 51.- MARCH 2, 1867. CHAP. CXCIV. An Act to provide Ways and Means for the Payment of Compound- Stat. at Large, Vol. XIV. p. 558. Secretary of issue temporary notes. Be it enacted, &c. That for the purpose of redeeming and retiring any compound-interest notes outstanding, the Secretary of the Treasury is Treasury may hereby authorized and directed to issue temporary loan certificates in the loan certificates manner prescribed by section four of the act entitled "An act to author- to redeem comize the issue of United States notes and for the redemption or funding pound-interest thereof, and for funding the floating debt of the United States," approved February twenty-fifth, eighteen hundred and sixty-two, bearing interest at a rate not exceeding three per centum per annum, principal and interest payable in lawful money on demand; and said certificates of tempo- National banks rary loan may constitute and be held, by any national bank holding or may hold and owning the same, as a part of the reserve provided for in sections thirty- own the same as one and thirty-two of the act entitled "An act to provide a national cur- der act of June rency secured by a pledge of United States bonds, and to provide for the 3, 1864, ch. 106. circulation and redemption thereof," approved June three, eighteen hundred and sixty-four: Provided, That not less than two fifths of the entire Provisoes. reserve of such bank shall consist of lawful money of the United States: And provided further, That the amount of such temporary certificates at any time outstanding shall not exceed fifty millions of dollars. reserve, &c. un Stat. at Large, Vol. XIV. p. 572. Excess of duty paid by any na tional bank to be refunded. [No. 49.] A Resolution in Relation to National Banking Associations. Resolved, &c. That in all cases where a national bank has paid or may pay in excess of what may be, or has been found due from said bank, on account of the duty required to be paid to the treasurer of the United States, the bank so having paid or paying such excess of duty may state an account therefor, which, on being certified by the treasurer of the United States, and found correct by the first comptroller of the treasury, shall be refunded in the ordinary manner by warrant on the treasury. No. 53. MARCH 26, 1867. Stat. at Large, CHAP. VIII. —An Act to exempt Wrapping Paper, made from Wood or Cornstalks, Vol. XV. p. 6. from Internal Tax, and for other Purposes. All banks to pay 10 per cent. on notes of any town, &c. paid out by them. SEC. 2. That every national banking association, State bank, or banker, or association shall pay a tax of ten per centum on the amount of notes of any town, city, or municipal corporation paid out by them after the first day of May, anno Domini eighteen hundred and sixty-seven, to be collected in the mode and manner in which the tax on the notes of State banks is collected. |