New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-04-28
Meeting Of CsnnerciaI brokers.

The Morrill, bill recently introduced into
Congress taypg brokers' one dollar on each thousand
dollars o. property sold by them, induced the CONNER
ei okers OF this city TO hold public meeting at the
reduce Exchange On Wednesday afternoon. Mr. Il.
n. WHITE occupied tire chair, and Mr. CHARLES IAr
loR performed The duties Of Secretary.
M. WHITE introduced the business Of the meeting by
stating that he had written h Mr. Fernando Wood in
regard 10 the bin and that ne had received an answer
stating that change would doubtless be made IN
the bill Mr.. GEORGE MRGRATH from a Committee ap'
pointed at preliminary meeting presented the follow
ing report:
Tie Committee appointed at meeting Of The Provision
Broker. repor the meeting Of Commercial Brokers what
sft proposed additional Of { upon every $iC0 Of
sales would have upon the business OF TIE PROVISION bt'Ae
The Provision Brokers pay tax Of $50 per snnum FOR
aicense Commercial Broker-, aud per cent npon 'hs
earning. under oOOn and per cent II over that sum ny
tie proposed amendment they vii from 20 to ~ per cnt
upon thei- earnings, rate h will be pall ~ 10 one
rally intended they should - Il nay appear irrelevant
and he Committee will therefore DO more than refer TO
the fact that al tho goods sold by lroyt?D pi'as p.s
already pld one tax snd ia several taxes 70 toe
oyerhcnt before they reach the broke hands Que tax
is paid for .augbterng aud every dealer who makes
to the Government Bu, v Il important 70 remem.
Der that the broker already pays al another
ing from property aud is now proposed
some caseE paving In others fourhfhs Of all his
earning, a. viii appear by 81 eHaGhN'a OF e 'sv' @,
enohsIase pad Gr "a. sac, 81 pro o,n" on Tie ysae
ofhe goods sod sud tb, frequently reduced by 'pe
cill agreement and sge amounts 60 -tl sHa'r aIo
sry sun which In cases under tho proposed snlend
nient would I'll 90 the Government. The Committee can
hrlieye that Congress will - or that any IA
tended 10 propose any such rsd1 Ibry think ne auend
la question has been drr and proposed inadvertently
On ignorance ~ 81 effect, az that j. only n'cssy 70
the attention Ofh members called 70 the subec. 10 nave
CEongs MIGRATE, Chairman.
The meeting WIS addressed byMr W H. MCDONALD.
Mr. COLLTN- and others They considered the tax IN
equal and arbitrary ba ing their arguments on the fo'
lowing grounds CA n sale o 100000 Of merchandise
The Gogernmrnt tax would be $1,000 there being no
distinction mado between the merchant and broker IN
leyying this tax, excepting on the first $1,000 ne
com pen satOn 10 the broker this amount would he
g. COO allowing that he receives one-half OF one PER
cent which is rather above the average received ~
commercial brokers. 4 merchant would consider
S2s 90 so 600 reasonable profit on the sae ~ one
million of goods Net result "a broker aitor deducn9
Government tax proposed $1,000 merchants profit
s24 GOA 600 The report was unanimously adopted.
On motion OF Gr n Collins The following Committee
was appointed 10 invite commercial brokers not repre-
eut.d Il the meeting to cooperate in the movement y
r. Collins W II. Mcdonald. Isaac Crnse, John +.
Cook Charles Mann, VIM. Sharp, Charles Iugman,
George MegratL and George &. Stone.
The meeting then adjourned to meet again at j.
o'clock today.