New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-05-30
FROM WASHINGTON.
Continued from First Page.
following decision by Commissioner Lewis ''''''
% tl,n nssnssnent Of the income tax:

income be assessed where a
which the assessed resides ls a hi. residence.
son votes, is entitled to vote Is personal property
when not ES.r .I nscs Of residence In cases O nu
tied partnerships formed with tue the expiration Of the
n,ftne5sbip each member such hrn VIII h;r. Tor the
return h; share Of PI0s sI division Of the profits could
have been made Gains Or prom eh property was purchased
Rspe H. FIc;.e ~ into eject should DC ie'uiHu "
income for the ysi Of the estates Of persons
who died in he year 1859 should make return OF 's
thereof the year 1907 me- i9S2 excluding preyi.
On yssI, Unsolicited accounts must De e,nmsteo rny.
and lwye.s should include actual receipts o1 services
sIcls. s ss5 tosether with estimate unreazed or
oontioen due to that year. DIVIDENDS snu interest
pay able 1902 should re returned DC ho'e 0' ' '
no matter when declared .
Dividends derived from stock are taxable IS income
Income derived from coamnes must be returned athoosn
tax mas previously paid the coal produced No de-
ducou be made because Of the eshed value setus
or supposed the coal bed by the OF mining
Rent derived from coamines income Premiums paid for
life shall not be allowed deduction III ssa1snen
income Pensions received from the U. b Gcvefnnen
be returned with other income subject TO taxation &
debts formerly considered hOpsle.y lost but paid
ths covered by the Of income should be
IN this statement Debts considered hopeessly lost on zee
al 1872 and due to the business Of the year 1862 may be de
Quoted the pronts Of business II Subsequently psia
paid.
section Of the act Of Univ 1901 respecting the thai
potion Of income derived from United States ~
partly from other sources the 500 and other allowances,
made by law shRi deducted as far as poole rom .ns
cDt NJ iSsc,ioS can be allowed rom the
bic income Of merchant for compensation PAID i0i the 'e
farmer when making return OF the total amount of his
farm PI0dqsse h be so SUP
the carrying on Of said farm The tsrc, - - ,I, Z.
construed 70 include al pr0dH' .Im pf w6s, nj"
since Decent account Of STOCK .9a " aS.sav
assessr f 1852 should not be included In the present.
ami, but the profit realized thereby must be accounted
ne has cuded in his produce raised by hm
I;,x hole mar 10
nt for the gain realized by the feeding and seihng
Whsre he has not Included the produce so led he
~, return a. pohs the difference between tae value o.
,sid stock the 3lst Of DeeembeI lSot aHu wy ;n
reaized for them Fertilizers purchased by farmers to main
sn tbeir land in present productive condition Will be con
s.dersd as repair ia estimating income I , ,,. ,
unless ooectsbe aud Iemsin unpaid by the consent or
agreement Of the creditor -. =,
Ne. TO rains derived business but not Tom those por'
tions Of income derived from fred investments such as
bonds MORTGAGES, rents and the Ike
Property used in business and furnishing pTohi when
destroyed by ire may De restores at the .o % ~ &
icuce between insurance received and 'mOun expended
III, increased value pvep new building by permanent
improvements wiz uo charged 10 capital not income
mn dung the vssr 1852 ard not distributed SHOULD nC be
seturneA part o. the inceme OF the s.oekholSerI
60 sept 1882 whether the corporation is required % pay
tar on dividends should not De considered a. tue IN
cou, Of the sockhods sheld the corporsiea be re-
ouired to Of said reserved earnings trustees
sDdcr section 80 Of III, Excise Law.
suons he hands Of trustees or Others not subject to In
Wbsna person boards aud rents the ren;
lieu OF Of should be deducted from the
amount Of income subject to tsrstion . - 49,
Losses ,ussned in business since December FL 1852, viii
DOT enter into the income assessment ioi looz J.,
borrowed capital used IN business may Dc de-
planter TstuTn. all his farm oduce ne viii be allowed
20 deduct the actual expense Of sbsps and clothing Ia
Ls.,e.s are not r.quredt their sf,ce. income
The srci-l tax On legseies Of PeE'0naroPery in sec
The ineoxo tax s',eed upon tho sc.r, income ofindi
vfdusls Films. es such. will net make retc-ns
The profits Of manufacturer from hs business are no
exempt income IN ce1sequeneeo bis having Pal
the excise imposed by isw upon S'se' anuSc'eeao
Brsye Express Telegraph, seemsnd Ferry.bOs, Con
names Corporations authorized by law Withhold
and pay Government any tax upoc interest pad or diee
sss :s,, Sy isf liable to income tax
An Seasons nesecsns OF refusing Of nco1n,
e.cept In c..e sickness bIis: within the pen.ts
prescheo by 18th section OF the act OF July 1867 VIZ
x..nt Assessor upon ,uch information obtsir
and penalty sl0O recevsed for the United Stat.
VITA cost, 81 .uit"
PRosnssoRy NOTES.
The Commissioner Of InterDnl Revenue Las d
cidei that promissory notes made payable nom
paIly on demand, and STAMPED ss demand notes Z
the rate Of one per cent for every two hundred do
larp or any fractional part thereof but given eI
received with an understanding between the part
that demand of payment viii not be made with
thirty.three dsys from date are in fraud OF the la
are not appropriately stamped and where issued
or after June /, 1868, a0d not paid within thirt
three days from date, viii be invalid and Of
effect.
THE WANT OF AN oCEAs5 TELEGRAPH To SE'
ORLEANS.
Ills stated by gentlemen in high official positi
that the report Of the Senate Military Committ'
adverse 70 the House BILL for the construction II
ocean telegraph TO New-OrleaDs, has already CO
che Government tens Of millions Of dollars. Prom
Communication with Gen. Banks at this junctu
would be OF inestiInable value to the Union eau
as the reinforcement Of Grant by his army wou
render the capture Of Vieksburg certainty.
THE RECENT PANIC IN RICHMOND.
Young man born in Richmond, whence he r
away a month ago, says, according TO The Repub
can, that Stonemans raid caused such panic
Richmond that JEFF. Davis ordered an extra trai
and he with the members of the Rebel COngre
skedaddled to Petersburg for safety. 1t was t
common remark in Richmond that if Hooker sbou
get;n the rear of Lees army, Richmond wcs!d
eyitably fall into bis hsnds.
The mass of people in Richmond have come 10
settled belief that the Confederacy will finally
eubdS cd by the Unionists. The scarcity Of prov
sons Of all kinds helps much toward that couvictio
The place would have been starved out ere this b
for the bacon pork which was seized by Lon
street--:wo hundred thousand pounds-when
advanced upon Suffolk.
Itwas stated and generally believed in Richmo-
that Lee lad in his army, fighting against HOoke
E5,000 effective men,
THE CASE or COL DUTAssY