The Clerk read as follows: That section 110 be amendedby striking out all after the enacting clause and inserting in lieu thereof the follpwmg: that there shall be levied. collected and paid a tax of one 24th of 1%. each month upon the average amount of the depositsof money.subject to aymont by check or draft or represented by cert" cates of deposit or otherWise. whether payable on demandor at some future day. with any person.bank. association. company or corporation engagedin the businessof banking: and a tax of one 24thof 1%. eachmonth.as aforesaid.upon the capital of any bank, association.company or corporation and on the capital employed by any personin the businessof banking beyond the amountinvested in U.S. bonds: and a tax of one 12th of one or cent. Each month upon the averageamount of circulation issued by any bank. association, corporation. compan or person.including as circulation all certified c cck sand all notesand other obligations calculated or intended to circulate or to be usedas money. but not including that in the vault of the bank or redeemedand on deposit for said bank; and an additional tax of one6th of 1%. each month upon the average amount of such circulation. issuedasaforesaid. Beyond the amount of 90% of the capital of anysuch bank, asso ciation, corporation. company or person and on the 1st Monday ofcach nionthatriie and accuratereturn of the amountofcirculation. of deposit and ofenpital. As aforesaid. andof the amountofnotesof statebanks or Statebanking associations paid out by themfor the previousmonth shall bemadeandrendered in dupli cateby each of such banks. Assocmtions. corporations. companies or personsto the assessorof the district in which any such bank. association, corporation or company maybe located, or in which such person may reside.With a declaration annexedthereto and the oath or adirmatienof such person or of the president or cashier of such bank. association.corporation or company, in such form and manner as may be preseribed by the ComrIntRev that the same contains a true and faithful statement of the amounts subjectto tax asaforesaid and shall transmit the duplicate of said return to the ComrIntRev and within 20 dogs therealter shall pay to the said ComrIntRev the taxes bylaw prescribed upon the said amounts of circulation. of depositsof capital and of notesof State banks and banking associationspaid out as aforesaid: and for any refusal or neglectto make or to render such re tnrn and paymentas aforesaid, any such bank. asso ciation. cor.OliIUOD, 00m Dally.0rDEISsOoDin default shalllean ect to and pay a penalty of $200.besides the aeditional penalty and forfeituresi nother cases revived by law: and the amount of circulation. epos t. capital, and notespf state banks and banking associations.as aforesaid.in default of the proper return shall be estimated by the assessororasst assessor 9f the district as aforesaid upon the best information he can obtain: and everysuch penalty. togetherwith the taxes maybe recoveredfor the use of the U.S. in any court of competent jurisdiction and in the caseof bankswith branches.the tax“herein provided for shall be imposzd upon the circulation of eachbranch.severiilly, and the amount of capital of each branch shall be conszdored to be the amount allotted to such branch; and so much of an act entitled “ An act to provide Ways&Means for the support of the Government, " approved March 3, 1863.as imposes any tax on banks, their circulation. capital or deposits, other than is herein provided is herebyrepoaled: Promded.That thissection shall notlapplyto associationswhich are taxed under and by Virtue of the act “ to provide a national currency securedby a pledge of U.S. bonds and to provide for the circulation and redemption thereof and the deposits in anies known as proyident associationsor cominstitutions or savings anks.having no capital stock and doing no other businessthan receiving deposits to be loaned or investedfor the solobenefit of the parties making such deposits.without profit or compensationto the asso ciation or company shall be exempt from tax or H duty on so muchpf their deposits as they have investedin securitiesof the U.S and on all depositslessthan $500madein the name of anyone person: and providedfurther. That any bank ceasing to deposit iis nsutheen Treasury coifretuhleaUtionnit, edanSdtawtheise. hin slahwall ful money the amount of its outstandin circulation. to be redeemedat nr. under such regufations as the SecyTreasury may prescribe.shull be exemptfrom any tax upon such circulation.