Laws of the United States of America; Passed at the First Session of the Thirty-Eighth Congress, 1863-1864
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1864 edition. Excerpt: ... other bank, having a place of bus ncss where credits are opened by the deposit or collection of money or currencj subject to be paid or remitted upon draft, check, or order, or where money advanced or loaned on stocks, bonds, bullion, bills of exchange, or promissor notes, or where stocks, bonds, bullion, bills of exchange, or promissory note are received for discount or sale, shallbe regarded a banker under this act Provided, That any savings bank having no capital stock, and whose busines is confined to receiving deposits and loaning the same for the benefit of it depositors, and which does no other business of banking, shall not be liabll to pay for a license as a banker. Two._ Wholesale dealers, whose annual sales do not exceed fifty thousand doll lars, shall pay fifty dollars for each license; and if exceeding fifty thousand dollars, for every additional thousand dollars in excess of fifty thousand dollars, one dollar. Every person shall be regarded as a wholesale dealer under this acl whose business it is to sell or offer to sell any goods, wares, or merchandise at foreign or domestic production, not including wines, spirits, or malt liquors, whose annual sales exceed twenty.five thousand dollars. And the license required by any wholesale dealer shall not be for a less amount than his sales for the previous year, unless he has made or proposes to make some change in his busi, ness that will in the judgment of the assessor or assistant assessor reduce the amount of his annual sales; nor shall any license as a wholesale dealer allow any such person to act as a commercial broker: Provided, That any license understated may and shall be again assessed, and that no person holding a license as a wholesale dealer in liquors shall be...
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- 13 Sep 2013
- Illustrations, black and white