Federal Stamp Taxes on Drafts, Checks and Promissory Notes, 1919

"Federal Stamp Taxes on Drafts, Checks and Promissory Notes, 1919" by the Guaranty Trust Company of New York is a guidebook from the early 1900s that explains the Revenue Act of 1918 and its rules about federal stamp taxes on financial documents like checks and promissory notes. This guide was mainly for banks and finance people, and it breaks down which documents had taxes and which didn't. It gives many examples of different types of checks, drafts, and notes that are included in these rules. The guide also explains how much tax you had to pay on different documents, how to follow the rules, how to cancel stamps the right way, and how to get money back if you paid too much. This book was an important reference for understanding how federal stamp taxes worked in the world of banking back in the day.