The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1866-11-15

OHIPMEhTB OF <COTTON--plEbT
OF THE BOARD OF TRADE.-Yester-
day afternoon large number of the
members of the Board of Trade met
at the Board Of Trade rooms, corner
of Main and First Streets, especially
to hear a report from Mayor Baker
relative to his mission to Washington
City, and to take such further action
as might be deemed necessary in the
premises. After the Secretary had
read the afternoon market reports re-
ceived by telegraph, Mayor Baker
made statement relative to his visit
TO Washington, and the result of the
mission, The chief benefit arising
from his visit was in saving time, as
he found the regulations had already
been modified and the necessary
forms, set forth for the shipping Of
cotton without first paying the taxes
in the district whence the cotton is
shipped. 80" e''''-l
We give the following extracts from
the modified regulations on this sub
ject + .e.,s .i.. i
Parties DESTROYS of bringing cotton
to seaports or other places for ship
ment, from other districts, will be ,al-
lowed to do so upon executing and
delivering 10 the Collector of the dis
trict where such seaport.or place is
situated, bond, with two or more
sufficient sureties, approved by the
Collector receiving it, conditioned for
the payment Of the tax upon all cot
ton for which permits may be granted
by the Assessor OF the district In
which such cotton may be grown.
? This bond must be executed in a
penal sum equal TO double the amount
of. the tax on the quantity of cotton
intended to be removed and in tran
stu at any one time during its contin
nance, and Assessors will be careful
not to grant further permits upon any
bond when the tax upon tho quantity
already permitted amounts to one
half the sum named therein, until
Certificates of payment Of the tax on
the whole or a portion Of the cotton
transported under former permits are
received from the receiving Collector,
when additional permits may 4dbe
granted; but in no case must the tax
upon the quantity under permit and
unaccounted for exceed one-half the
penal sum of the bond nd 8laa D
Thus, If the bond is given in a sum
securing the taxupon. FIVE hundred
bales, of four hundred pounds each,
when this limit ia reached, no further
permit should be granted except upon
the receipt of the certificate Of de-
livery and payment, as hereinafter
provided. ~! .eiie
Immediately upon the execution Of
this bond, the Collector to whom IL is
delivered will transmit it, (retaiuing
copy thereof in his office), to the
Assessor Of the district whence it is
intended to remove the cotton, who
will thereupon be authorized to grant
permits for the removal of the cotton
upon application being made by the
principal or his agent s.a.,5
Upon receiving this application the
Assessor will grant permits in tripli-
cate, one of which he will deliver to
the applicant, one will be transmitted
to the Collector Of the receiving Dis
trict, and one transmitted to the Com
missioner of Internal Revenue
The Assessor must in all cases care
fully insert the permit, the mark upon
the bales, and the numbers upon the
metallic tags, which he will either af-
fix himself, in the proper manner,
or, in case this is impractic-
able from any cause, he will deliver
them to the owner or his agent, by
whom they will be inserted in the bale,
as a measure of protection against
possible seizure and detention, as well
as for means Of Identification of the
cotton upon delivery with that named
in the permit. II, in such case, the
cotton removed in this manner has
not been weighed before removal by a
duly appointed weigher, the amount
Of tax named in the permit will be
based upon the weight as certified by
the owner or the proprietor OF the gin
house, and in such case IL may vary
from the actual amount to be paid up
on delivery by the parties removing
the cotton. ~
In order to arrive at the true
amount of tax to be paid on the cot
ton removed under these conditions,
it must be weighed upon its arrival in
the receiving district by the officer
appointed for that purpose, to whom.
"a fee of twenty. five cents per bale will
be paid for this service, and upon
whose certificate of THE weight the tax
shall be collected. .ebsat ssu .s.f S. S
Upon receipt of this certificate of
weight and payment of the tax, the
Collector win issue his certificate, in
And no certificate for the receipt
of tax upon any cotton removed under
bond in pursuance of the foregoing
rernlatinns shall be received bY an