The New York herald., 1865-07-26

The Commissioner of Internal Revenue has issued the
following Instructions:
Inks, other than printing inks subject to an ad
valorem duty of six per cent but not subject to
the Governor and paid such by the State who may
and prosecute claims in any of the executive do
qurcd to take license as claim agent. The PURCHASE
of liquors by the officers Of club house, to be dis
they may severy DESIRE and paid for according to the
quantity consumed by each, does not render such
officers or any party, liable to license duty Bankers,
in making returns Of dividends and taxable gains,
should include the amount Of income derived from
investments in bank, insurance or railroad stocks,
although such income may previously have paid tax and
dividend The tax imposed upon circulation and de-
posts Of banks constitutes an indebtedness by such
bank which continues to accrue so long the prescribed
conditions exist While therefore, any portions Of the
circulation exceeding five per cent of II chartered or
declared capital Is outstanding any of the deposits
liability to make and pay thereon will
tinue. The proviso OF section 94 OF the Internal
Revenue law, that cloths, fabrics or articles made
OF thread yarn, or warps upon which duty
has been paid shall be assessed and pay
duty the increased value thereof Is held by the Com
missioner of that bareau to apply to cloth fabrics
tces made wholly or principally Of thread yarn warps
Of domestic manufacture, and upon which an excise
duty has been paid 1t does not include imported thread
yarn and warIs thread, wire manufactured from
any metallic substances Therefore, unless such fabrics
made principally of domestic thread yarn or warp,
they subject to tax the entire value as may be
the with bead trimming In estimating the IN
creased value Of brlcs the taxable value the value
OF imported thread yarns or warp or the value OF wire
or thread made OF any metallic substances, cannot be
deducted
The Internal Revenue Department has rendered the
following decisions:-
TREASURY DEPARTMENT, OvrcE ISrERsAi REVENUE
WASHINGTON, July 90 1866.
SR-Under section one hundred and sixty-hve OF the
act Of June 80 1854, druggists exempt from stamp
duty upon any uncompounded medicinal drug or chem-
cal any medicine compounded according To the United
States or other national pharmacopnia according
the formula of either OF the dspcnsatores formuaries
textbooks in common use among physicians and
apothccaries including homeopathic and eclectic, or
any pharmaceutical Journal now used by any ncor-
poraed college of pharmacy and not sold or offered for
sale, advertised under any other name, form or
gu!se than that under which they may be severally
denominated and laid down in said pbarmacopoas, dis
pensaorcs, text books or Journals But under section
"a Of said act druggists may he liable 10 an ad valorem
duty of six per upon any drugs medicines, mcdici
nal preparations compositions, made prepared and
sold removed for consumption or sale, by them, as
manufactures otherwise provided for though the
are exempt from stamp duty under schedule Z.
Very respectfully, u. A. ROLLINS,
Deputy Commissioner.
TREASURY DEPARTMENT. OFrIcs or INTERNAL REVENUE,
WASHINGTON, July 20, 1868
SIR-In reply to your letter Of July in relation to
the ty olohs have to say that under section "a
OF the act Of June 80 il is provided that on all cloth,
painted &c, oiled duty Of FIVE per centun ad valo
rem shall be levied collected and paid and under the
of March the duty Is increased oncth making the
duty oilcoth six per cent nd vaorcm Very respect
fully, L. A. ROLLINS Deputy Commissioner
The Second Comptroller of the Treasury has written
follows to the Psymaster General Of the army
The question has been presented whether or not the
three months pay proper granted by the fourth section
OF the Of March 3 1862 to officers their discharge
nj the Of the war; Is subject to the internal revenue
of Eve per cent to be deducted by the proper dis
bursting officer ON a careful examination OF the law
am satisfied that II must be deducted II Is clear that
this extra pay Is given for military service, or is given
for nothing caprictous aud irrational donation ol
public money TO any number Of individuals cannot be
imputed Congress. IL for services gaantly rem
dcrcd by the officers and gratefully recognized by the
ron ~ hat pnv
FOR services, the must be deducted Paymasters will
be governed accordingly.
The following figures SHOW the number and aggregate
capital of the mining aud petroleum companies pres