The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-07-26
CITY INTELLIGENCE.

THE SPECIAL INCOME TAX.-SOmc misapprc-
hension seems to exist in regard to the purport
and provisions of the special income tax passed
during the last session of Congress for the year
1868. The first law passed for that year levied
tax of three per cent. on all incomes over $500
and under $4,000, and five per cent. for all over
that amount. This tax has in many instances
been paid. Where the income was derived from
interests and dividends on loans, stock, &c, the
amount was collected by tho Incorporated COM
panies issuing them, who deducted the tlX for
the Government from the interests and dividends
due. Where the income was derived from the
profits of business, wages, salaries, rents, NC,
the individual owner paid Il directly to the col
lector. The special income tax law requires five
per cent to be added to the three per cent already
paid, and TO the whole income, excepting
the $500 allowance, rent actually paid, State
and municipal taxes also allowed to be
deducted. AS the incorporated companies
cannot now deduct the additional tax from inte-
rest and dividends already paid to their owners,
each individual is required 10 add the amount
thus due to Government 10 his income return, 50
that it shall embrace all his income, whether de-
rivable from stocks, loans, rents profits of busi-
ness, wages, salary, or from any source whatever.
The meaning of the law is that he shall pay for
1868 at the rate of per cent. on all income over
5000. An individual who had clear income of
$1,000, of which $500 was derived from property
in incorporated companies, paid TO the collector
the amount due on 800 only, which was S2l =,
tEe other 80 being paid by the companies. Now
he will have to make out his return for $1,000, the
additional tax on which will be $50, making $50
in all, as the law requires, or in other words our
taxes have been increased nearly threetOd, with
very bright prospect ahead OF having still fur
| ther increase.
The DRAFIDELEGATEs.-La Last evening meet
| ing of delegates from the different wards OF the
city, appointed for the purpose OF devising means
to avoid the draft by volunteering, was held in
| the Supreme Court Room. Mr.. Il. Harper Jcflcics
submitted a resolution providing for the appoint
| ment Of committee OF five from each Congress
| sional district to devise means and submit plan
| for recruiting in the seeded States The resolu-
| ton was adopted, and the following committee
| appointed
First Distrct-win. D, Moore, Dr. J. Heritage, }. W
second Disirct-nSnel stoinmetz, C. b. Penrose, r. N
Bauurs, James rrlmblc, aeb Johnson.
Walton John Budd Espry IluPet,,
| NJ. Riley, George A. Smith, Henry C,,Iea.
| Wright, J. r. Yankirk, william II. Rhawn.
On motion the committee was instructed {,
consult with the Citizens Volunteer Bounty
| Committee in reference 10 the appointment of tht
recruiting agents.
| resolution was also adopted, recommending
the committees Of the several wards to have
| thorough canvass made 10 ascertain the resilonC,
| and term Of service OfGll who have entered th,
naval or marine service, and recommending th'
| offering OF a premium of $50 10 any person whI
shall procure a recruit,Or a substitute who shall
be credited to the city.
The meeting then adjourned until next Wed
| nesday evening.
THB DRArrls CANDIDA quota OF Clmden
under the late call OF the President, is divide,
among the three Wards as follows - Nortl
Ward, li9; Middle Ward, 1872; and South Ward
lag. The authorities aud enrolled citizens ar
making strenuous eXertiOnS TO avoid draft, Cit,
Councils Offering bOunties of one, two, and thre
hundred dollars for volunteers Tor one, two, anC
three years. Last Thursday, a meeting OF enr0lle
men was held upon the subject, when Il was re
solved 20 solicit subscriptions from the citizen
10 be added 10 the amount appropriated by Couu
ellis and the Board OF FreohOlders. About 1850
were thus raised, and the work IS still favOrahy
progressing. An address by the enrolled men ha
been Issued, ono of the clauses Of which reads Al
follows -
sach OF as as are enrolled Tor military du, do uI
nm s aois Of he t Of camden, Sy Virtue Of sad 81
ciamaiyn then, IL any Of us 80 enrolled be drawn an
lions propononaly oT me purpose OF procuring subst
s,j "a In ,,s, sn,G ip~,e,sl n sIid ss, ,,Ss,rd Z, y
within zen days amer sneh dram be made provided, ma
one shan requredto make such increase OF sllscF
tion greater than his original subscription,
4 second meeting Of the Board Of Frecholde-
will be held on Thursday.
ANOrHER COUNTERI EIT.-A new counterfeit
purportiDg 10 be a ten dollar issue of the Wes
Windfeld Bank, Hopkins county, New York, In
been put in circulation in this city within a fe,
days past, and from the complaints that hay
reached cur ears we fancy that il has "took
amazingly, The retail druggists Of the cit
seem 10 have been singled out as
. subjects for the knayish practices of thos
"shoyers :" and in four or five instances the pui
chase of a bottle of patent medicine has cause
eight on nine dollars OF greenbaclss 60 eXChRng
hands for tho worthless money described.
The yignette OF the note Is a steamship at SCI
On the right hand of the noe, in the lower corner
{ | IS the representation of blacksmith standing q
his anvil, while on the opposite side sailor lean
on the capstan Of vessel. The seal of the stat
and the die OF figure 10 occupy the Left an
right hand upper corners. The paper has bat
, faint shade of yellow, and the signatures of th
{ note together with It's general appearance,
well calculated 10 deceive even the brokers O
Third street. Our citizens should keep a strii
look out for this counterfeit and the first persO
p detected in offering one should DC immedatel
arrested.
WI HAZE ny FAR the largest stock aud be-
assortment of Clothing in Philadelphia, con
prising all desirable styles Of goods, froI
medium price 20 superfine. Every one can b
accurately Cited ut once from our stock, Wha
ever be his size on proportions in garments equi
{ in all respects 10 work made TO measure at mac
y tWer prices. For those who prefer, we hay
also complete assortment Of piece goods whic
Sln ne made up 10 measure 10 style surpassel
!. ~ hSoe. BENNETT & Co.
IswEa Hall, No. 5Is Market street.