New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-12-27
Ervcnuc Decision HcsprcIius stnTps -
OIL E.Cnscs.
TEEAsuaY DEPAtT., OFFICE OF INTERNAL RsvEStL
\. AnlIINGION, Dec. i5, IeO. }

TpEAsuaY DEPAur, OFFICE OF INTERNAL RsyEsuL I
\, As,lIAGIos, Dec. 10. leo.
SIR: Your letter # Dec. :, IN relation 70 TIE
stamp duty on o tease. 30 call a. has been reoeivsd
The law asrs the "rct rent i value tie test h'es
dctcrn the amount Of the stamp duty ana OF coSsS
where the rent is tIe at specified sum In money 10
stamp cuty Is lsily determined
Ia tie case OF these oil leases there is, however vcfJ
rarely "a liked rental ylue III money elTeed pom II
come ms auces the lessee contracts to erect Sau"l"
maciner, OF sink shafts, well o. to pay e'r'.S
rate Der gallon barrel tr the oil prodnced OF ovi'"
certain portion OF The Oh instead of c'sh payia'nh
and In ot her, The rem Is 10 be certain potion 81 80
MI or its i,e in r1oaey-tha machinery III tbo hN
case to become to- IVpIti oi ~ ss1i al the enc "
tie term. IL. ii.
bs ieferined by est.ma i,n iithelease ~ 'H a-a
urtfirL lunGs, llelc Is Of c. uIse ",sl4i! ta' u
tru ont d be worthless 80 far rS the prdact'n ." ?.
- cnceIi cd: hat !. would lOi Oe sale u asSalr -'
vy,d a,srys or perNrkJ rkVE u. T. the .1sesv -
erected valuable cuuriy hp,n The ptrhDts 81 L"1s
ya.uabo lnpIovemeuis nS.c1 G.eh - ''fo.l - %
su rsDde! II the l,.se bco. ;re pio~r ~ e""fv
II IS evident ,hst he tas rc,elycda pI'i9" Oh the rea
COMPENSATION .Or the use oi LIS IsaG Ge"eS w.
ali pugh no ul Is produced -.
Tur rental value eanno. in such cssrs BE- secnr>."g
term ned ana " Che stan LEti ca 10 -"
ls accurate cncrlted ard thrrr ore iitits III ,ses
advised 10 appy = rae co.e't'I III $50 n
Che " -. 10 nave lie ctir o.ts
mined, which 81 course ihvo!vsS tie Calculation Vi w
annual rental Nuiue. -.
Ifthe lrLd has been worked before the lease ia.'a
M IL ,le orina nssec IN ic unGere's r as"-~
his lease or portion undivided interest III II
collector viii in such case haze some rcl. 'bie TIE
start upbn bat Ia all aces 40 should estimate uos -
tent info nation he can get-ihe ir.Ds'l' ~ 49, -
ren,ed value; and Of couise II duin- this nc W, 49,
regard 20 his oan knowledge Of th. piemSF, Cue =.
formation derived from tie parties aAd o,ne.S' ~
a ipulni lons " the lease: and II he rem - f'
OIL the nyrraso lrarkei value II To oh y -, "a 80
the calculation, nua In cnscs W ere " - VI 80 A.
Viii OF course receive srrh instructions as nv. W"
sired from this office. ,,.r.,l.r5. A.
such leoses. whether Of OF. coal or inlnera lauo,,
hold 10 30 bect % stamp duty ~ leases ana .s'
M an acre. ncu; or contract Il III course lSulfo.
ihere are Thousand Of farns IN the e'Gntr, a'c.
leasod unon shares Is tel med, aEG IL Is 81
s,l, 10 determine at given date "hrt tne ~"
VIII rr,,dnoc Tor the ensl.ng yerr tie rental 'aues.
h, r..ratrd and uie quantity as vel ~ 'aile I.
scr,r,l rroduo, must become e.cnents ia tho cie.
ton rp1 .et no difficulty SCENE TO have ersel ~ 80
r.,r, The c,crlnliou A. the case 81 Goa or OH -
NAV h. rl.rr cou cated bat the principle Is tie 's~
yefy respectfully. o,.
JOSEPH j. LEWIS, CommisorsI
WV. I.gsa, AaSow, esq. No. iov Nassia'1' NV
y0yk Cap .... Sci .. 81. .-.'