Rensselaer Semi-Weekly Republican, Volume 19, Number 86, Rensselaer, Jasper County, 5 July 1898 — Revenue Law In Force. [ARTICLE]

Revenue Law In Force.

Friday’s Dally: * The revenue law is in force today. Every check cashed at a bank, or draft bought, must have a 1 dent stamp. One or two of our banks have received the regalar revenue stamps while others have only common postage stamps, with “I. R.” printed on in large letters. The first check with a stamp paid at the Commercial Bank, was drawn by Dr. ‘ Hartsell. At McCoy’s bank the first was by the Cashier, A. R. Hopkins. The banks all have to pay SSO per year license, and $2 above that for each SI,OOO of capital and surplus above $25,000. All our banks have sent in their license fees, but none have received their licenses. All are doing business as usual, however, except the Farmers’ Bank, which Mr. Makeever in what seems an excess of of caution, declines to open until his license arrives. Other resident business men whom the law effects are money lenders and “note shavers.” They have to puy S2O per year. All patent medioines must have a 1 oent stamp and our druggists have reoeived their stamps for the purpose. Telegraph messages must pay 1 cent each. Operator Johnson, of the local Western Union office has not got his stamps yet, but he collects the cent on each message, Hiid will cancel the stamps when he gets them.