The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-05-03
MERCHANDISE BROKERS.

A Severe Blow Administered TO . busi.
ness Interest-A state Tax Imposed ON
the Sales OF Merchandise Brokers and
Auctioneers Greater than Their Present
Receipts-A Direct Attack Upon the
Enterprise and Business OF the City, &c.
It has just been discovered that the last Legisia-
ture passed taxing certain class Of brokers to an
extent that must drive them out Of business and prove
injurious many interests in this city. II seems to
have slipped through quietly and been signed by
the without attracting any attention until after
it became law and published The circumstances
connected with look suspicious to say the least and
It has ON the surface an appearance Of big job The
following Is copy Of the law
AN ACT TO AMEND CHAPTER sIxrY-Two OF THE
LAWS OF EIGHTEEN HUNDRED AND FoBrY-sIx,
AND OTHER ACTS ADDITIONAL TO THE SANE
PASSED APRIL IL, 1866.
The people of State of New York. represented in
Senate and Assembly, do enact as follows
SECTION l. Section one chapter sixtytwo OF the laws
OF eighteen hundred and forty six is hereby amended
to read as foows-A goods, wares and merchandise
and every other species of personal property which at
any time shall be exposed to sale by public auction or
offered for sale by sample otherwise by brokers, with
this act and in the fifth section Of title one chapter
seventeen part Of the revised statutes shall be
subject each and every time that they shall be sold to
fees or duties at the following rates. namely
l. All wines and ardent spirits foreign or domestic at
the rate of one dollar on every one hundred dollars
AL goods wares merchandise and effects, imported
from any place beyond the Cape OF Good Hope, at the
rate of ifty cents on every hundred dollars
g. All other goods, wares, merchandise or effects,
which the production Of any foreign country at the
rate of seventyfve cents every hundred dollars
These fees shall calculated the for which tho
goods SO exposed or offered for shall be struck off
sold, and shall in all cases be made by the person
making the sale and the account to be made In writing
as directed by section twenty OF title OF chap
of part OF the revised statues shall be
made by every anconeer and broker under OATH on the
first Monday July and January In each year. subject TO-
the penalties for compliance imposed upon auction
in said title Onehaf OF the fees or duties to which
damaged goods subject shall be paid into the
SEC Z Section two of chapter three hundred and
ninety mine OF the laws Of eighteen hundred and forty
nine is hereby amended so as TO read as foows-The
Comptroller is hereby authorized to employ an agent or
agents whose duty it shall be to carry this act into
effect who shall examine, often twice in each year
and whenever the Comptroller deem it necessary, the
books and accounts of sales kept by tho anctioneers
who shall have given bonds for tho payment of fees
duties goods sold public auction, and Of brokers
who shall have given bonds for the payment of fees
duties goods vended by them, as specified by law
The compensation OF such agents shall be liked by the
Comptroller; and such agent agents shall have full
power TO administer an oath to each auctioneer or
broker and to require such information as may be
necessary to ascertain the true amount Of goods sold by
such broker or auctioneer
SEC. No person authorized to exercise the Office OF
auconeer shall execute the duties of such Office and
broker engaged in selling goods wares merchandise
effects subject to fees duties by the laws OF this
State shall engage in such business until such broker
auctoneer shall have entered into bond to the people
Of this State with two sufficient freob0ders his
ties IN the penalty Of five thousand dollars EACH oond
toned for the faithful performance Of the duties Of his
Office and for tho payment of the foes duties that
are or shall be imposed by law, and that shall
accrue on sales made by him or under his direc-
ton by virtue Of his Office. Such bond shall BIO
taken and approved by the agent appointed by the
Comptroller In pursuance Of chapter three hundred and
ninety-nne of the laws of eighteen hundred and forty
nine but II executed in city where there is such
agent It shall be taken and approved by the mayor
recorder of such cy and If executed by auctioneer
appointed for county, shall be approved by judge Of
the county court for such coAy; such bond when
cuted shall be transmitted to the Comptroller within
days after such execution, and copy placed file in
the Office Of tho agent; where there is agent In
the Office Of the county clerk o. the county in which
tho shall have been taken and approved
The fees TO be paid to the agent approving such
bonds shall DO I've dollars and for approval Of the
returns be made Of sales three dollars and for fling
the duplicate copy Of the aforesaid bond fifty cents
every broker or auctouccr who shall sell any goods,
wares merchandise or effects, specified In this act
without having filed the bonds required by law WHO
shall neglect 70 make render tho accounts, or pay
the duties required by law, shall be deemed guilty
of misdemeanor, aud punished by imprisonment not
exceeding one year. or by lpe not exceeding thou
sand dollars or by both such fine and Imprisonment
STATE OF New YORK,
OFFICE THE SECRETARY OF STATE.
have compared the preceding with the original law
Me In this Office and do hereby certify that the
is correct transcript thcrerom and Of the whole Of
said original law.
FRANCIS BARLOW. Secretary of State.