A Financial History of Maryland 1789 1848

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In their form and in their penalties for violations the several laws were quite similar. The term of every license was restricted to a year; lists of those to whom licenses were issued were forwarded to the sheriffs and grand jurors for the purpose of punishing violations ; and, in some cases, the lists were published in the newspapers.
27 Md. Laws, 1825, ch. No; 1828, ch. 95; 1824, ch. 148; i828, Th. 95.
8 Idem, 1825, ch. 113, section 15.
29 Proceedings House of Delegates, 1816, p. 14.
80 Md.
...Laws, 1824, ch. 148.
54 Financial History of Maryland. [404 Corporation Taxes.
Banks. In 1835 a general extension of bank charters again took place, similar to that provided for in the Act of i8i3. 81 On this occasion, likewise, the banks were re- quired to pay for the privilege. The old tax of twenty cents per $100 of capital stock was continued, and in addition a new tax was imposed the familiarly known " bank bonus. " 32 This bonus was a fixed sum assessed upon each bank, payable in three annual instalments, and was required from newly chartered banks, as well as from those whose charters were extended.


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