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Treasury, or which may be received from other sources, to defray any expenses which have been or which may be authorized for the service of the years one thousand eight hundred and thirteen and one thousand
eight hundred and fourteen, and for which appropriations have been or Proviso. may be made by law during those years: Provided, That no engage
ment or contract shall be entered into which shall preclude the United States from reimbursing any sum or sums thus borrowed, at any time
after the expiration of twelve years, from the first day of January next. Secretary of Sec. 2. And be it further enacted, That the Secretary of the Treathe Treasury sury, with the approbation of the President of the United States be, and to cause to be constituted cer
hc is hereby authorized to cause to be constituted certificates of stock, tificates of stock signed by the Register of the Treasury, or by a commissioner of loans, for the sum bor- for the sum to be borrowed by this act, or for any part thereof, and the rowed by virtue
same to be sold: Provided, That no such certificate shall be sold at a of this act.
Proviso. rate less than eighty-eight per centum, or eighty-eight dollars in money for
No sale to be one hundred dollars in stock. And the Secretary of the Treasury shall made at a less cause to be laid before Congress, on the first Monday in February, one rate than eighty thousand eight hundred and fourteen, or as soon thereafter as Congress for one hun- may be in session, an account of all the moneys obtained by the sale of dred dollars.
the certificates of stock in manner aforesaid, together with a statement
of the rate at which the same may have been sold. The Secreta- Sec. 3. And be it further enacted, That the Secretary of the Treasury ry of the Trea- be, and he is hereby authorized, with the approbation of the President of sury may employ agents to
the United States, to employ an agent or agents for the purpose of obtainreceive sub- ing subscriptions to the loan authorized by this act, or of selling any part scriptions. of the stock created by virtue thereof. A commission not exceeding
one quarter of one per cent on the amount thus sold, or for which subCompensation scriptions shall have been thus obtained, may, by the Secretary of the not to exceed
Treasury, be allowed to such agent or agents; and a sum not exceeding one quarter of one per cent.
twenty-two thousand dollars, to be paid out of any moneys in the treasury not otherwise appropriated, is hereby appropriated for paying the amount of such commission or commissions as may be thus allowed, and also for defraying the expenses of printing and issuing the subscription certificates, and certificates of stock, and other expenses incident to the receiving of subscriptions, and completing the loan authorized by
this act. Appropriation Sec. 4. And be it further enacted, That so much of the funds condollars for the stituting the annual appropriation of eight millions of dollars for the payment of the payment of the principal and interest of the public debt of the United interest and re- States, as may be wanted for that purpose, after satisfying the sums neimbursement of
cessary for the payment of the interest and such part of the principal of this loan.
said debt as the United States are now pledged annually to pay or reimburse, is hereby pledged and appropriated for the payment of the interest,
and for the reimbursement of the principal of the stock which may be Commission- created by virtue of this act. It shall accordingly be the duty of the ers of the sink- commissioners of the sinking fund to cause to be applied and paid out ing fund to pay of the said fund, yearly, such sum and sums as may be annually wanted to repay the to discharge the interest accruing on the said stock, and to reimburse principal. the principal as the same shall become due and may be discharged in
conformity with the terms of the loan; and they are further authorized to apply from time to time such sum or sums, out of the said fund, as they may think proper, towards redeeming by purchase, and at a price not above par, the principal of the said stock or any part thereof. And the faith of the United States is hereby pledged to establish sufficient revenues for making up any deficiency that may hereafter take place in the funds hereby appropriated for paying the said interest, and principal
sums, or any of them in manner aforesaid. Banks in Dis- Sec. 5. And be it further enacted, That it shall be lawful for any of trict of Colum- the banks in the District of Columbia to lend any part of the sum au
thorized to be borrowed by virtue of this act, any thing in any of their bia may lend charters of incorporation to the contrary notwithstanding.
the money, or APPROVED, August 2, 1813.
any part of it.
Chap. LIII.-An Act laying duties on notes of banks, bankers, and certain com- August 2, 1813. ponies; on notes, bonds, and obligations discounted by banks, bankers, and cer
[Expired.] lain companies; and on bills of exchange of certain descriptions. Be it enacted by the Senate and House of Representatives of the
December 10, United States of America in Congress assembled, That from and after the 1814, chap. 11.
1816, ch. 9. last day of December next, there shall be levied, collected, and paid throughout the United States, the several stamp duties following, viz: For every skin or piece of vellum, or parchment, or sheet, or piece of Duties paper, upon which shall be written or printed any or either of the instru- stamps. ments of writing following, to wit:
On any promissory note or notes payable either to bearer or order, issued by any of the banks or companies, who issue and discount notes, bonds, or obligations, either incorporated or not incorporated, which now are or may hereafter be established in the United States, or by any banker or bankers, according to the following scale, viz:
If not exceeding one dollar, one cent.
If above one hundred and not exceeding five hundred dollars, five dollars.
Ifabove five hundred and not exceeding one thousand dollars, ten dollars.
On any bond, obligation, or promissory note or notes not issued by any bank, companies, or banker as aforesaid, discounted by any such bank, companies, or banker, and on any foreign or inland bill or bills of exchange above fifty dollars, and having one or more endorsers, according to the following scale, viz:
If not exceeding one hundred dollars, five cents.
If above one hundred and not exceeding two hundred dollars, ten eents.
If above two hundred and not exceeding five hundred dollars, twentyfive cents.
If above five hundred and not exceeding one thousand dollars, fifty cents.
If above one thousand and not exceeding fifteen hundred dollars, seventy-five cents.
If above fifteen hundred and not exceeding two thousand dollars, one dollar.
If above two thousand and not exceeding three thousand dollars, one dollar and fifty cents.
If above three thousand and not exceeding four thousand dollars, two dollars.
If above four thousand and not exceeding five thousand dollars, two dollars and fifty cents.
If above five thousand and not exceeding seven thousand dollars, three dollars and fifty cents.
If above seven thousand and not exceeding eight thousand dollars, four dollars.
Public notes If above eight thousand dollars, five dollars: Provided, That nothing and drafts not herein contained shall be construed to charge with a duty or to require to be charged with duties. to be stamped any 'Treasury or other note or notes issued for the use or
benefit of the United States, in pursuance of any act of Congress, or to any draft or bill drawn by the Treasurer of the United States, or any check payable at sight upon any bank, company, or banker as aforesaid,
or to charge with a duty any second or other copy of a set of exchange. Compositions Sec. 2. And be further enacted, That in respect to any stamp on may be made with banks.
of the notes of the banks or companies aforesaid, now established or which may hereafter be established within the United States, it shall be lawful for the Secretary of the Treasury to agree to an annual composition in lieu of such stamp duty, with any of the said banks or companies, of one and a half per centum on the amount of the annual dividend
made by such banks to their stockholders respectively. How the du- Sec. 3. And be it further enacted, That the several duties aforesaid ties are to be shall be levied, collected, received, and accounted for, by and under the levied, &c. &c.
immediate direction and management of the collectors appointed under Act of July the act, entitled “ An act for the assessment and collection of direct taxes 22, 1813, ch. 16. and internal duties,” within their respective districts, subject to the super
intendence, control, and direction of the Treasury Department, according
to the respective authorities and duties of the officers thereof. Commission
Sec. 4. And be it further enacted, That it shall be the duty of the er of the revenue to cause
commissioner of the revenue to cause to be provided so many marks and marks and stamps differing from each other, as shall correspond with the several stamps to be
rates of duty aforesaid; that is to say, one mark or stamp for each distinct provided.
rate of duty; with which marks and stamps respectively shall be marked or stamped all vellum, parchment, or paper, upon which shall be written or printed all or any of the several instruments, writings, matters, and things hereinbefore enumerated and charged, according to the nature and description of each of the said instruments, writings, matters, and things as are hereinbefore specified and described; which said sereral marks and stamps shall be notified by a public notification or advertise ment, to be issued by the commissioner of the revenue, and inserted in at least one newspaper printed in each state, and for not less than three months before the said last day of December next, to the end that all persons may have due notice thereof; and which said marks and stamps, or any of them, shall or may be altered or renewed from time to time as the said commissioner of the revenue shall think fit, so that like public notification thereof be made, for a term not less than three months before
such new stamps or marks shall begin to be used. Vellum,parch- Sec. 5. And be it further enacted, That when any person or persons ment, on, papier shall deposit any vellum, parchment, or paper at the office of any collecoffice of com- tor aforesaid, accompanying the same with a list which shall specify the missioner of re- number and denomination of the stamps or marks which are to be thereto
affixed, it shall be the duty of the said collector to transmit the same to the office of the commissioner of the revenue, where such paper, parchment, and vellum, shall be properly marked or stamped, and forthwith sent back to the said collector, who shall thereupon collect the duties, and deliver the vellum, parchment, and paper, pursuant to the order of
the person from whom it was received. Penalties for Sec. 6. And be it further enacted, That if any person or persons shall violating this law.
write or print, or cause to be written or printed upon any unstamped vellum, parchment, or paper, (with intent fraudulently to evade the duties imposed by this act,) any of the matters and things for which thc said vellum, parchment, or paper is hereby charged to pay any duty, or shall write or print, or cause to be written or printed, any matter or thing upon any vellum, parchment, or paper that shall be marked or stamped for any lower duty than the duty by this act payable; or shall write or print or cause to be written or printed on vellum, parchment, or paper duly stamp
ed any matters or things in respect whereof a duty is payable as aforesaid, at Penalties for a distance from the stamps or marks impressed upon the said vellum, parch
law. ment, or paper, with intent again to use the said stamp, vellum, parchment, or paper, or with intent fraudulently to evade the duties imposed by this act; or shall write or print or cause to be written or printed any matters or things in respect whereof a duty is payable on any piece of stamped vellum, parchment, or paper whereon there shall have been before written or printed any other matter or thing in respect whereof a duty is payable by this act, before such vellum, parchment, or paper shall have been again duly marked or stamped according to this act, such person so offending shall for every such offence forfeit the sum of one hundred dollars; and in case any clerk, officer, or person who, in respect of any public office or employment, is or shall be authorized or instructed to make, write, or print any instruments or writings by this act charged to pay a duty as aforesaid, shall be guilty of any fraud, or practice to defraud or deprive the United States of any duty by this act payable, by making, writing, or printing any such instrument or writing, or causing the same to be made, written, or printed upon vellum, parchment, or paper, not marked or stamped according to this act, (or upon vellum, parchment, or paper marked or stamped with any mark or stamp which he shall know to be counterfeited,) or by writing or printing any such instrument or other writing upon vellum, parchment, or paper that shall be marked or stamped for a lower duty as aforesaid, every such clerk, officer, or person so guilty, and being thereof lawfully convicted, shall, instead of the penalty aforesaid, forfeit and pay the sum of five hundred dollars; and, if an officer of the United States, shall, in addition thereto, forfeit his office, and be disabled to hold or enjoy the same for the future.
Sec. 7. And be it further enacted, That no instrument or writing All instruwhatsoever, charged by this act with the payment of a duty as aforesaid, ments of writshall be pleaded or given in evidence in any court, or admitted in any in this act, to be court to be available in law or equity, unless the same shall be stamped available as evior marked as aforesaid: Provided, That if any such instrument or writ- dence, must be ing shall have been written or printed upon vellum, parchment, or paper,
Proviso, that not marked or stamped according to this act, or upon vellum, parchment, stamps may be or paper marked or stamped for a lower duty than ought to be paid upon put on instruthe same, then and in such case, it shall be lawful for the person or per- have not been sons holding such instrument or writing, to pay to the collector within stamped, and whose collection district such person or persons shall reside, the duty ten dollars adchargeable by law on such instrument or writing, together with ten dol
paid. lars in addition thereto, which duty and additional sum of ten dollars such collector is hereby authorized and required to receive, and without fee or reward to endorse a receipt therefor under his hand, upon some part of such instrument or writing, after which endorsement and not otherwise, such instrument or writing shall be to all intents and purposes as valid and available, as if the same had been or were stamped or marked, as by this act required. The sums thus received by each collector in virtue of this section shall be accounted for and paid over in the same manner as other moneys received for stamp duties, and in such form and under such regulations as shall be prescribed by the Treasury Department. And if any persons with intent to defraud the United States of any sum of moneys, directed to be paid by this act, shall counterfeit or forge, or cause or procure to be counterfeited or forged, any receipt or endorsement provided for and directed by this section, or shall utter, Penalties, pass away, vend or offer in evidence in any court of justice, any such forged or counterfeit receipt or endorsement, knowing the same to be forged or counterfeit, then every person so offending and being thereof convicted in due form of law, shall be adjudged to be guilty of a misdemeanor, and shall be subject to be fined in any sum not exceeding one
thousand dollars, and to be imprisoned for any term not exceeding seven
years. Banks which Sec. 8. And be it further enacted, That from and after the last day of shall not have made composi
December next, no bank or companies aforesaid now established, or tions not to is- which shall be hereafter established, which shall not have compounded sue notes but for the duty hereby required, shall issue any bank bill or promissory note, upon stamped
unless upon paper duly stamped and whereon the respective duties shall paper.
have been paid; and if the officer of any such bank, or any person or persons employed therein shall thereafter issue any bill or note not duly stamped as aforesaid, he or they shall forfeit and pay a fine equal to the
value of the bill or note so issued. Oath to be
Sec. 9. And be it further enacted, That every person who shall be
: sons employed employed for the marking or stamping of vellum, parchment, or paper, as in marking or aforesaid, before his acting in the marking or stamping of the said velstamping.
lum, parchment, or paper, shall take the following oath or affirmation: “I [insert here the name of the person] do solemnly swear for affirm as the case may be) that I will, according to the best of my knowledge and skill, faithfully, honestly, and carefully execute the trust reposed in me, and will truly mark or stamp all vellum, parchment, or paper, which I shall be required or directed to mark or stamp, and will render a true
and exact account thereof, to the proper officer or officers." Collectors to
Sec. 10. And be it further enacted, That the said collectors shall, execute and fulfil the orders from time to time, for the better execution of their several duties and of the Treasury trusts, observe and execute such directions as they respectively shall from Department. time to time receive from the Department of the Treasury; which De
partment shall take care that the several parts of the United States shall from time to time be sufficiently furnished with vellum, parchment, and paper, stamped or marked as aforesaid, so that the citizens thereof may have it in their election to buy the same of the officers or persons to be employed in and about the execution of this act at the usual or most common rates above the said duty, or to bring their own vellum, parch
ment, or paper to be marked or stamped as aforesaid. Collectors to
Sec. 11. And be it further enacted, That whenever any person, other furnish stamped than officers employed in collecting the revenue of the United States, paper, &c. &c. to persons ap
shall apply to any collector aforesaid at the office of such collector for plying with a the purchase at one time, of any quantity of vellum, parchment, or paper, deduction of
stamped and marked in the manner aforesaid, the whole amount of the part of duties.
duties on which quantity shall be ten dollars or upwards, such collector shall be, and hereby is authorized and required, to deliver to such person such quantity of vellum, parchment, or paper stamped as aforesaid, the said person paying down the amount of the said duties, after deducting therefrom seven and one half per centum on such amount, which deduc
tion the said collector is hereby authorized and required to allow. Secretary of Sec. 12. And be it further enacted, That all the paper wanted for the the Treasury to furnish the pa
purposes of this act, excepting paper for bank notes, shall be furnished per required by at the expense of the United States by the Secretary of the Treasury,
who is hereby authorized to employ annually a sufficient sum for that purpose, which sum, as well as an annual sum of twenty thousand dollars for defraying the expenses of dies and of stamping the paper, shall
be paid out of any moneys in the Treasury, not otherwise appropriated. Collectors to Sec. 13. And be it further enacted, That it shall be the duty of the receive the du- collectors aforesaid, in their respective districts, and they are hereby auties, &c. &c. in their respective
thorized to collect the duties imposed by this act, and to prosecute for districts. the recovery of the same, and for the recovery of any sum or sums
which may be forfeited by virtue of this act. And all fines, penalties, and forfeitures, which shall be incurred by force of this act, shall and may be sued for and recovered in the name of the United States, or of the collector aforesaid within whose district any such fine, penalty, or