the Treasurer of the United States or an Assistant Treasurer, a judge or clerk of a District Court of the United States, a collector of customs, a notary public under his seal, or a justice of the peace in those States only in which such justice has authority to take acknowledgments of deeds, or commissioner of deeds; if before either of the two latter, the certificate and seal of the county clerk as to the official character and signature of the justice or commissioner is required. If executed in a foreign country, the acknowledgment must be made before a notary public, with his seal attached, or a U. S. Consul or Minister. The officer taking the acknowledgment must certify that the letter of attorney was read and fully explained to the constituent at the time of acknowledgment, and that said constituent is personally well known to him to be the identical person named in and who subscribed his name to said power of attorney. (See Revised Statutes, Secs. 1778 and 3477.) 7. Evidence of authority to indorse for incorporated or unincorporated companies must accompany drafts drawn or indorsed to the order of such companies or associations. Such evidence should be in the form of an extract from the by-laws or records of the company or association, showing the authority of the officer to indorse and receive and receipt for moneys for the company, and giving his name and the date of his election or appointment, which extract must be verified by a certificate under seal signed by the president and secretary, or by one of these officers and not less than two of the directors; which certificate must state that such authority remains unrevoked and unchanged. If the company have no seal, the extract should be certified as correct by a notary public or other competent officer under his seal. When a resolution is adopted at a special meeting of directors, it must be shown that all had notice of the time and place of such meeting, and that a quorum assented to the resolution. 8. In cases where an individual or a copartnership is doing business under a company title, the affidavit of the owner or of the members of the copartnership will be required, showing the fact of ownership and naming the person who is authorized to indorse and receive and receipt for moneys for the owners. 9. The indorsement of all the joint holders or co-trustees, executors, administrators, guardians, or other fiduciaries will will be required on drafts, and in the execution of a power to a third party to collect, all must join. In case of death of either, the survivors will be recognized as having full authority, upon due proof of such death and survivorship. REGULATIONS RESPECTING THE SEMI-ANNUAL RETURNS AND PAYMENT OF DUTIES BY NATIONAL BANKS. 1. By Section 5215, Revised Statutes, it is made the duty of the Treasurer of the United States to prescribe the form for making return by each National bank of the average amount of its notes in circulation for each half year. 2. This Return, with each blank filled with the proper amount as indicated, and subscribed and sworn to by the president or cashier of the bank before an officer qualified to administer oaths, must be sent to the Treasurer of the United States within ten days from the first days of January and July, respectively, in each year, under a penalty of two hundred dollars, and payment must be made within the months of January and July. 3. Payment may be made by deposit of the amount of duty to the credit of the Treasurer of the United States, with him, or with any Assistant Treasurer or National Bank Depositary. Triplicate certificates should be issued therefor, the "original" of which must be forwarded to the Secretary of the Treasury, the "duplicate" to the Treasurer, and the "triplicate" held by the bank making the deposit as its voucher therefor. No other receipt will be issued. The certificate must state that the deposit is on account of semi-annual duty. 4. If there is no depository convenient, payment may be made by draft on New York, (collectible through the Clearing House,) to the order of the Treasurer, or by remittance to him in lawful money of the United States or notes of National banks, for which the Treasurer will issue his certificate of deposit, and send the triplicate to the bank. 5. The duty on circulating notes is one-half of one per centum on the average amount outstanding for the six months. 6. Liability begins on the first days of January and July in each year, unless a bank had at that time no circulation outstanding, in which case it begins with the date of the first issue of notes, and terminates on the 30th day of June or the 31st day of December, (as the case may be,) date of commencement and termination both included. 7. Banks that have heretofore made returns will report for the full semi-annual term of 181, 182, or 184 days, as the case may be; and banks that have not heretofore made returns will report their circulating notes from and including the date of their first issue. 8. To ascertain the average amount, add together the daily balances of the notes in circulation from the proper date of the commencement of the liability to duty (including for each Sunday and holiday the balance of the first preceding business day) to and including the 30th day of June or the 31st day of December, as the case may be. The aggregate of daily balances for the first six months of any year will be divided by 181-the number of days from January 1st to June 30th, except in leap year, when the sum will be divided by 182. The aggregate of daily balances for the last six months of any year will be divided by 184-the number of days from July 1st to December 31st. 9. Banks not making daily statements, and obtaining their averages from weekly statements, should add together the weekly balances, including for each day in any fractional part of a week one-seventh of the weekly balance next preceding such fractional part. The aggregate of balances for the first six months of any year will be divided by the number of weeks from January 1st to June 30th, (254 or 26, as the case may be.) The aggregate of balances for the last six months will be divided by 26 —the number of weeks from July 1st to December 31st. 10. Banks having circulation subject to duty for a period less than a half year, which make their estimates from daily balances, will divide the aggregate of the balances of the item for the time for which it is liable to duty by the number of days in the half year; and banks which make their estimates from weekly balances, by the number of weeks and the fractions thereof in the half year. The quotient thus found will be the average amount subject to duty for each six months, respectively, and should be entered in the Return, and duty computed thereon at the full semi-annual rate. II. A bank which has gone into liquidation, in making its final return must estimate duty upon circulation to the time of making the deposit of lawful money with the Treasurer U. S. to redeem the same. The item should be averaged for the full six months, according to the foregoing rule, and the duty calculated at the prescribed rate. The amount thus determined is the correct proportion for the time for which the item is liable. REGULATIONS OF THE TREASURY DEPARTMENT IN RELATION TO UNITED STATES BONDS. Bonds of the United States. The original issues of bonds of the United States under the several authorizing Acts of Congress are divided into COUPON and REGISTERED Bonds. Of these issues the following are the Bonds Outstanding and Bearing Interest March 15th, 1886. July 14, 1870, and Jan. 20, 1871 CONSOLS OF 1907: Coupon....... .129,915,300 50; 100; 500; 1000... 4 per ct...... Redeemable after July 1, 1907. Registered...............607,834,700 50; 100; 500; 1000; FUNDED LOAN OF 1882: July 12, 1882- Registered....... 5000; 10,000; 737,750,000 20,000; 50,000. ..$174,092,350 50; 100; 500; 1000; 3 per ct...... Redeemable at the pleasure of The following are the 10,000. the Government. Bonds which have Matured and Ceased to Bear Interest. |