New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-08-05


tleman in Gen. spInnsrs Burssu. whs b dignity hAal
Of forty five but eshsrwiss quahAsd ~ tAs ssrvass
and who hes fed on Government Pop for many ysArI
became Indignant that his vested rights sitissa a
the United States should bs thus ruthlesaly invaAsA
and yesterday resigned hi olsrkshp 1t hardly re-
sssary to cay that the resignation wM seceptsd tssA
with.
Fast day has generally been observed. Sen.
vices held In nearly al the churches The pubic
offices and the II throughout the city were sossa
-
U. q. BsnAs-Bsnki.g Capital o asisb
Correspsndence.
U.S. Assss.oRs Osrrcs xvIrs CosaznssfesAI,
n. T., July IS, 1854
SIR: Will you please define what 10 meant b
United Sta:es bond In Section iio. new lawt
Are $40 u g. b considered boads and O. c.
to be considered bonds whsu held ~
bank al part Of its capital Hockf
Do National Banks require lissnse - bantsrsi w zee
Your early decision In regard 70 the shove wiz obIiss
Yours, very respectfully L. MrEas, AssssssG
Hon. JOSEPH J. LEWIS, Commsdonsr Internal Rsvsnss
Washington. D. C.
TaxASyrY DsrlnrxsSr. OsNcn o. Tnrsnsal
REVENUE, WAsHS0roE. August l. 1854 J
sR Section No. Of the sct Of June 3d. among other ihiA
provides duty Of - onetwesty fourth Of per snssa
each upon tie average amount Of the capita Of s9
bank association company corporation, or person engaged
the business Of bsnknsl beyond the smOur inye'si
United States Boudsr -,,..r-.-- -f..--.....
Berptcss ,atuts provision this dos not apply 70 Nsos
Bsnfs which, under the 4ss section Of the cuency ~
Jan. in months Of Jsnsy and July Of each ys~. ~
pay similar duty the Treasurer Of the United ssseA
Now what by the :" United States bonds" Of "a
RcTerus lswf It evident thst the technical deantos
bond applicable to tho determination Of this que'e
for Congress and the Department havs not regarded
speaking or suny the several ess'es OF National see'rn
Tressusy Notes. and most other seourtiss bear the seal
tie UDsd 5,ates and sl are obligations Of psy"en 20 "
holder or other party. Yet the statutes ce'ny 'eo'S
avi,oos and classes of these secares some Of ~h'ca ~
,polsa Of a. "bonds" while different names OF @ss ~
given to othees.
In the relating TO the collection Of taxes tn nsur'ss
tiouary districts Congress spssts Of "Treasuy Notes Of ~
United ststes United States Notes, and Csrnoses OF -
deb.sdness against the United States"
TIE Revenue 90, Of July L. 1852. levied tan Of one -
psr eeyw upon income derived from interest ape
notes. bonds, o, other securities Of ths United sssteA
The &C. Of July H. 1884, authorizing nanSra loan,
lows the issue Of coupon bonds, registered s"s'
Treasury notes. the bonds" TO be irredeemsbe for e
wars ard the "Tressury notes' 10 Be payable three
year. er date with n.cres. the rate Of and three
tenth. per centum per snnom, payable 'emi'annnaHy"
Tho several statutes anthoihnf temPotsH oens -
to credtors Of Indebtedness particularly
r.. to the evidences securities given u "Cerncss
Certificates Of Indebednoss Of Certificates Of Deposit ~
in no instance they spoken Of {" "bonas" :
Tho prcsen, securities Of the United States aside nom ~
issue. payable demand appear to consist; i OF Csrt
Gates of Indebsedns payable year nom their dsts ~
Treasury Notes Of various dates ard different rates Of insrs
.ud payable IN three years lerom hsf respective dssl
3d. Certificates Tor temporary ossi and 9TH. Registered al
Coupon Bonds OF vssas ds and dsnoninstons payable
ten yes or thor sewers dates although some
them are earlier redeemsbs In the instance Of ths"e
9v called with certain rasns az the pleasure Of u
Government
FROM careful but bssty examination Of the subject i0
fully satisfied that the United stss Bonds' OF ss rsosse
Revenue law in tho language aud purpose Of CoaSs 49,
prise only the securities uslned In the fourth ast cAo
above named and that only such be dedrced om ~
capital of bank In determniny is TAXABLE suount
National Banks subject to the sporsions OF section -
tho Rsvenus law and must license measured b. ~
amount Of their capital VERY respectfully
Z. A. ROLLINS, Acting CommissionsA
L. Mrzss esq., Assessor Sixteenth District Pattsburyh. NE