New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-05-31

Since January see. Sc O47s42 s69.375O39 t965l9sJe
The following is the clause in the Tax bill, as It
passed the House Of Representatives. in relation to the
tax on brokers' sales which is 10 be made stamp sar on
every memorandum or bill of sale 10 tho amount, on
stocks and gold and bills of exchange of one cent on each
/ 800 Of the amount Of the sale or sales:
That ction 90 be amended by striking ont all after the
Thar there shall be paid on oil sales by brokers and
bankers whether for the benefit OF others OF on tne
say mon ali sales and for the sale OF stocks bonds
fofegn exchange gold and silver bullion and COIN nneuren
money promsOry other securities tar at the rate oil
one every hundred dollars the amount Of such sales
al sales and contracts for sale negotiated ana
banker OF gold silver bullion coiD nncurreni money
promssoy notes stocks bonds or Other securities nor n OF
hundred dollars of the amount OF such saes
Contracts and on every OF sale aforesaid
there bs be made and delivered oy seller buyer
memorandum of such contract on which there shall Le
affixed lawful stamp or stamps In value equal 10 we shoun
on such sale be determined by tbs rate Of tax before
mentioned and computing the amount Of the stamp duty OF
any part 500 Of value amount on which tax Is
computed shan be accounted as so4 Ana every Gl or
shall show the date thereof the name OF tho sellers e
s%O Sr hns to I'VE Which refers And any person or
liable the tax herein provided OF any one wno
who shall make sale contract deliver receive
any stocks bonds bullion eon uncuien money foreign e1
change promissOry other securities without b OF
memorandum thereof herein required or who shall de'er
receive such bill memorandum without having ne proper
stamps a xed thereto hs forfeit and pay TO the United
penalty Of ESQ for each and every ohense where the
500 and penalty Of 81 600 when such raI shall exceed eco
which be recovered with costs of suit In any court OF the
United competent jurisdiction the district at
time within one year after the liability penalty shall
have incured and onehsf Of the penalty cred
sons Who in the judgment Of the Court, shall have
hrst gwen the information Of the violation Of the law
for which had And the provisions OF law III ea
ton 10 stamped dues in schedule OF the act 70 which this
amendment shall apply TO the stamp taIes beren imposed
others aforesaid And there shall be paid all sales
BY commercial brokers Of goods wares or merchandise
Of oheweneth Of cent tho amount OF such
saes and at the end Of every month or within ten there
the assistant ssse.sor Of the district Of tho ero. amount Of
such saes aforesaid for the preceding month"; with the
form aud manner may be prescribed by the Commissioner
Internal Revenue and the collector the amount OF
| tax thereon before the end Of the month
The cotton circular Of NELL Bros g. Co., Of May 20
has the following remarks upon the growing cotton crop
We give below few extracts from correspondence
getting full reports the damage done by the rains and
overflow The Red River all along is course for some dis;
destroyed mach cotton Part this not the whole will be
replanied Although the period Is late good crop posi-
Where The lands are not actually overnowed improved
weather was giving n os ' ssns9
that wet seasons are good for the upland crops and dry sea
has planted there labor keep clear Of grass
season, pick full crop were made. We must,
overflow &C. that the labor can be made available
the upand II be found toodato to repslt the OvefOwed
lands when the waters recede.
The following 10 from correspondents In Alabama,
think that the quantity land In ia this
section Of the country fully half perhaps fyeeghths Of
| that cultivated In e3e-l6s0
The for planting has been unavorabe owing
unusual amount Of rain and cold weather which s
nues Grass rapidly while the cotton from the
barely holds on being sicky and puny Of the
sometimes In consequence Of the seed being bad and sgan
because Of the land being covered by waten
The aborers reported generally doing very we'll We
think this undoubtedly Of course complaints
made but they exceptions There 10 increase Of the
quantity OF land being by white people, cannot
/ say TO what extent.
If the should turn ont favorable there will be
half to five eighths the quantity Of cotton saved that
before the (say lsJ96. We inclined 10 think
that the growing will turn out something like 2000O0
bales We were disposed some time TO calculate Oo
600 but the reports from Louisiana and Mississippi incline
| to reduce 10 the 100000.
The following from correspondent 10 Georgia May 22
Florida probably doing better than Southwestern and
Middle Georgia because not frequent here Tho
weather here n Middle Georgia Is clear COOL and windy
| which is most favorable for crops.
1t appears that Texas will be No and Florida No
quality compared with last crop before the These
States though wide wastes Of water which generally
attract water, are never overwhelmed with storms and
rains.
There Is no question about the that planters in South
Western Middle Georgia undertook m1oh
the uncersn and that In the why much
grass annoying them Certain labor all the time would have
| kept the grass down. .
tnuo