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Show WHERE TO SUCK TAX STAMPSJSJUESTJDN Various Opinions Offered by Revenue Men and Brokers. SCHEDULE "A" CITED Some Contend Ambiguity Caused by Failure to Designate Des-ignate What Certificate Whether to place the war revenue stamps on the stock certlf catea brought In for transfer or whether to place t e etampB on the ne v certificates that are issued or wl ether to place the 8 amps on the stub from which t e cert f cate is detached or o wh ch t e cance ed cert f cate Is pasted, these a e the ques t ons that are be ng argued by the stock bro ers bankers and re enue men of Sa t Lake. The revenue men have ad ised that the stamps be p a ed on the e t f cate brought in for cancel atlon The r a gu ment is that by do ng bo the revenue of f cer may turn to the books of the sec retary of tne company and read y de te n e w t out loss of t me that the necessary tax has been pa d. They a so po n out t iat in the e ent the stamps are placed on the cert f cate ssued t w U oecome necessary for then to lo cate the man ho d ng- the b oc cert f cates In the event hit the quest on came up as to vðer the tax had been pa d Purchasers W ant Evidence 4. number of the stock brokers argue that the stamps s ou d be placed on e certificates issued- T lis v ew Is a so hold by a number of the bankers of the cit Tl eir a gument is that cautious purchasers want concrete evidence that the war tax has been paid not being wi ng to assune the respons bill ties of tl e penalty whic la doub e the amount of the taxes and the co sequent diff cult es that m g t ar se th the revenue off cers re atlve to the m sdemeanor and the $1000 f ne isume oua secretaries of the mining companies ho d that the stamps shou d be placed on the stub of the issued cer tif cate and a notation made on the is sued ce t f ate by the secretary that the tax has been pa d Tl ey argue t at by th s means there would be in the office of the var ous mining: compan es or o her compan es t e concre e evidence for the re enue off cer and that the is sued cert f cat would a so bear the evl dence in the form of the notat on e gned by the sec etary of the company In ques tlon Schedule A relative to stamp taxes for bond debent res or cert f catea of Indebted ess provides that Bonds debentu es or certtf cates of indebtedness issued on and after th f rst day of December 1914 by any assoc at on company or corpora t on on each $100 of face value or fraction thereof 5 cents and on each or ginal issue, whether on or an za tion or reo ganization of tert f cate of stock by any such assoc at on company or corporation on each $100 of face value or fraction thereof 5 cents and on a 1 sa es or aEeements to sell or memo anda of sa es or de liveries or transfers of shares or cer t f catea of stock In anv assoc at on company or corporat on whether made upon or shown bj t e books of the asso6iatlon con pany or corpora tlo or by any ass gnment n b anl or by any de very or by any paper or agreement o men orandum or other eviden e of transfer or sa e hether ent tlinsr the holder In any nanner to the benef t of such stock o to secure the future payments of monej or for future transfer of any stock on each $100 of face value or fra t on thereof 2 cents prov ded that it Is not ntended by this act to impose a tax upon an agreen ent ev dencing a depos t of stock cert f cates as co ate al security for mo ey loaned t ereon which stock cert fl cates are not actua ly sold nor up on such stock certif cates so depos ited. The Penalty Provided further that in case of sa e where the evidence of transfer la shown only by the boots of the company the stamp sha be placed upon sucl books and where t e c ange of ownership is by transfer of cert f cate the stamp sha I be p aced upon the certificate and in case of an ag eement to se or wl e e the transfer s by de very of the ce t f cate assigned n blank there shal be made and del ve ed by the se ler to the buyer a bi 1 or memorandum of such sale to which the stamp shall be affixed and every b 1 or mem orandum of sa e or agreement to Be 1 befo e ment oned sha 1 show the date thereof the name of the seller the amount of the sa e and the matter o t Ing to wh ch It refers And any pe son or pe sons 1 ab e to pay the tax as here n prov ded or anone who acts In the matter ae agent or broker for such person or pe sons who sha I make any such sale or who sal n pursuance of any such sa e de ver any such stock or evidence of the sa e of any sue stock or bi 1 or memorandum thereof as here n requ red w hout ha ing t e proper stamps aff xed thereto vlti intent to e ade the fo egolng provisions shall be dee nd gu ty of a misdemeanor and pon conviction thereof Fha 1 pay a f ne of not ex ceedlng 51000 or be mprlsoned not more than six months or both at the dlscret on of the court After reading the aw some of the brokers and bankers contend that the ambiguity Is due to the law fal Ing to state c early what cert ficate is meant, the one issued or the one ca celled |