The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-09-21
wAsHrNGTON ITEMS.
THE TAX UPoN DEPOSITS.

! The following circular concerning the
tax upon the deposits of savings banks
having no capital stock has been issued:
TREASURY DEPARTMENT,
OFFICE OF INTERNAL REVENUE,
WASHINGTON, September II, 1866.
As the amendatory act Of July Is, 1866
takes effect on the first day of August
ls6G, all savings banks will then deposit for
the month of July, 1866, in manner and
form AZ heretofore the return for said
month should lie made to the proper assist
ant assessors, and the tax paid to the COZ
hector, i'll accordance with circular NO. -,
issued July 20, 1866.
The returns of the ab0ve-named ihstitu-
tons from the first day Of August, 1866,
will bc made on the first day OF January,
lsG1, and s,mi-anuually thereafter in the
manner set forth in form No. 100. Inc
benefit of the exemptions in the pro-
/, yiso 10 section 40, act of June ~, ls"4'
a> amended July l3, lsGG, is con-
fined 10 proyidcnt institutions, savings
banks. savings funds, or saving institutions
having no capital stock and doing no other
business than receiving deposits to he
loaned or invested for the sole henefit oil
the parties making such deposits, without
profit or compensation to the company.
In a>ccrtaining the taxable amount OF
deposits, all sums OF $500 and upwards IN
the name of any one person are to he IN
cudcd. In determining the average amount
of deposits subject to taxation for the
period covered by the return, these lnStl-
tutions will he allowed, in order to facilitate
the making of such return, to take the
amount on deposit in the first days OF
January and july OF each year prior to the
time of making their returns as the correct
average deposit, or to take such period be
tween those dates as may be satisfactory
to the assessor of the district where such
Institution is located.
Tie total amount of deposits al The date
fixed upon should always be stated in The
returns. \ Thc6 term . United States accu-
rites includes all Understanding obliga-
tons Of the United States owned and held
hy the banks as an investment. The pro-
viSo to section 100, act Of June 80, 1864, as
amended July Is, 1866, so far az it relates
to the interest paid to dcpositors in savings
banks or the savings institutions, is con-
Strucd to apply only to such savings insti-
tutionS as are described in the provlso to
section 10, act Of June 80, 1864, as
amended July Is, 1866. All others are
liable to the five per cent. tax imposed by
section 100 aforesaid OH the dividends or
interest declared or paid by them to de-
positors and Stockholders.
f.. 4. ROLLINS, Commissioner.
4 YANKEE OFFICIAL AND \ YANKEE TRICK.
An inventor arrived in this city a short
time since from Indiana, bringing with him
a model of brcech-lnading firc-arm, for
which he desired to secure Il patent. The
model was referred To the examiner for
inspection and report upon its value. lie
had an interview with the inventor, and in
formed him that il was valuable inven-
ton, but that Il patent could not he Sc
cured, as he Uhe cXamncr) had previously
patented style of brccch-loading arm
which contained all, or nearly all, of the
improvements alleged to exist in the model
submitted for examination. The examiner,
however, promised that upon payment OF a
certain sum to him he would waive his
claim and recommend thata patent for the
arm be issued 10y the Commissioner. The
inventor ut once suspected that an IMPOSE
tion was 10 he practiced on him, and ac-
cordingly gave information of the facts OF
the case TO the head Of the office. A dis
miS>al was the result thrcnicle.