The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-08-14
FINANCIAL AND COMMERCIAL.

SATURDAY, August is-sPn.
yns new tax Law IL 70 the great majority Of persoss
riddle which requires expoundins Even the men OF
Wall street who popularity supposed TO be profound
y versea the iniricscies Of everything relating 70
sovsrnment financial are, for the most part
In ignorance Of xhat 10 required Of them 10 the way
OF licenses stamp under The last internal He
venue bill. and many or bankers aud brokers who
exert an influence upon the money market are carrying
on their business without hsving made application Tor
the necessary license de ant Of which ;hey are liable
20 the penalties prescribed in the ac Yet the subject
one upop which should be informed as well TO protect
and secure themselves to Z" render upt, Caesar the
things which Gao lr's." We shall therefore briefly
review the provisions o. the bill from day to day TIL We
have enumerated its most important features. M 49,.
The annual license is comprehensive and any per-
son negleciug 10 take out license where the law
Quires Il, besides being liable for the payment OF the
ssx subjects himself TO imprisonment for not
oeedng two year.. or TO zoe exceeding I'VE hun
dred dollars or both, moiety OF such dne be 81.
lowed any person who shall FIRST Two Information OF
the fact whereby forfeiture incurred Licenses
wall in force until the LIST OF May next succeeding
their issue
The tax bankers employing . capital Of not moro
than fifty thousand dollars is hundred dollars, and
Cor every additional thousand dollars in excess OF that
capital two dollars. Savings hanks are, however, ex-
empted
wholesale dealers whose annual sales DO not exceed
ny dollars must pay nifty dollars for license,
additional thousand dollars one dollar. The
yearly Of person exceed twenty Eve thousand
dollars to constitute him Wholesale dealer. Retail deal
except liquor dealcrs whose annual sales do not
coed twenty i've thousand dollars must pay tax OF ten
dollars Retail dealers in liquor 70 this amount must pay
twonty Ave dollars for their licenses. Lottery ticket deal
pay tax Of hundred dollars Horse dealers
with the privilege OF keeping livery stables, dollars
and livery stable keepers ten dollars All brokers must
pay tax Of nifty dollars, and every person. Arm
pany except such "a hold license q banker whose
business Is TO negotiate purchases or sales Of stocks
exchange, bullion coined money bank notes. proissory
notes, other securities broker Pawnbrokers
ploying capital mot exceeding nfy thousand dollars
must pay nifty dollars. and for each additional
thousand dollars two dollars Land warrant brokers
must pay . license tax Of twenty-five dollars; cattle
% okers whose annual sales do exceed ten thousand
dollars ton dollars, and that amount dollar
f~ zach additional thousand produce brokers, ten
DO ars; commercial brokers, whose business II Is TO
negotiate sales purchases OF goods seek orders
eh,sefor In the original PACKAGES, negotiate freights
and other business for the Of vessels for the
shippers consgnees Of freight twenty dollars custom
house brokers. ten dollars; distlsrs who dlssil
nufacturs less than three hundred barrels per year.
twenty-five dollars, and II over that quantity nifty
dollars dstiers Of apples grapes and peaches manu-
featuring loss than ono hundred and ny barrels year,
twelve dollars and fifty cents; brewers OF less
than Eve hundred barrels twenty-five dollars,
a.d that quantity atty dollars; rectinsrs OF not
than Ave hundred barrels twenty I'VE dollars and
the same for each additional I'VE hundred; coal oil dis
tlers, aty dollars hotels, where the rent does not
coed two hundred dollars ten dollars and for every adj
dtiona hundred dollars FIVE dollars and where liquor 10
cold by retail the premses further Of twenty
ave dollars must be paid. All passenger steamers as
'doaug hotels must pay q tax OF twenty-five dollars.
The tax on eating houses Is ten dollars; on oonfec
TONERS, VINO not liable to the eating house tax, ten
dollars and those who hold licenses as wholesale or
retail dealers from this last tax. Claim and
patent agents and patent right dealers, real estate
agents. conveyanccrs (who do not hold a lawyers
eicensel, intelligence Office keepers Insurance agents.
manufacturers, apoihecaries, tobacconsts, lawyers
physicians surgeons dentists, archtects engineers,
plumbers and gas nkers each pay license
tax Of tea dollars.
There is clause in the bill exemptng apothecares,
nfectiones eating house keepers tobaoconsts and
tall dealers other than In liquors from the license tax 10
each case where gross annual sales do exceed
uvy doiars auc,Icnecfs assurance agents arc taxed
afty dollars; second Glass; twenty-five; third class,
seeu fourth class ten photographers where the sales
less than five hundred dollars, dollars;
that amount fifteen dollars, and IL . thousand
twenty-five collars whose annual do not
exceed THOUSAND dollars Eve dollars and IL above that
ten dollars Proprieors Of theatres museums circuses
and concert halls must pay hundred dollars
for each license. Jugglers must pay twenty dol
lars for their licenses. and all public exhibitions
and shows not enumerated above. ten dollars.
Each alley In bowling saloon and each table
In billiard rooms is taxed ten dollars Propretors
OF gift enterprises are required to pay fifty dollars
contractors whose building contracts exceed twenty FIVE
hundred dollars in any year, twenty Ave dollars and
II their individual contracts in any one year exceed
twenty FIVE thousand dollars they each liable
OF dollar additional thousand Assayers OF
gold aud silver o. value not exceeding in year two
hundred and City thousand dollars must pay hun
dred dollars 'or their nse, two hundred when the
value exceeds that MONT, and Ave hundred whom the
value exceeds five hundred thousand dollars.
Manufacturers and producers donot require lcens a
deers 10 enable ihsm 10 sell their manufactures
products at their place Of business. here
merated all the occupations requiring censes, and
recommend these registered their
with The assistant Of the dis
trIct which they their places Of business do
without delay.
Wall street and the stock market without any spe
cal feature. Tbeve 10 little speculative spirit dis
played IN the operations In railway shares and the
remark applies equally TO transactions the Produce
Exchange and in the commercial world generally.
The Increasing foreign demand for national securi-
clos bids fair pu, them higher than they have yot
been Large orders for the skies OF 1881 arrived by be
Persia, and there is every probability Of their soon OK
ceodng the Eve twenties in market value just as they
did last May whom the skies OF 1881 sold at 49, and the
nve-twenties at 1os They seventeen years
stock and for this likely TO be preferred to the
Eve twcnties abroad The slight difference IN the
aaed interest these bonds and the hvetwentes, to-
gelher with the fact OF the latter beng better known,
for their disparity price. On the 18th inst
VIII be three and half months interest due on
the latter and aud half mouths interest the
former stock Money Is sbundanty easy al from six to
seven per cent, with very limited demand Exchange
continues dull Psukers' bills quoted at from os1
10 1854 10 gold for sterling, and III In currency. Com
me cia bills on London are offered al 274 The