The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-05-10
By Last Nights Mail.

Our dates by last nights maiR from tho Nortl
are to the 9TH. The following is summary of til,
most important news:
| Europe.
The steamship Peruvian, from r,ondonderr,
| APrh ~, passed Father Point on the 9th, on hcI
| voyage TO Quebec. Her news is five days later.
VI The steamship City of Washington. from New
| fork, and Propontis, from Phadelphia both or
the Slst OF March, had not yet been heard Of
- me U. D. steaTe or kearsage from Sierra Leone
| Fourteen OF her crew had died.
New York correspondent of tho London Times
| asserts, ION high authority" that the United
n Ssates @ government will "do what is right" against
| Earl Russelrs anticipated majority on the Re-
form bill was being diminished-a good many lib
| mons for bribery during their election. The
division was expected to be very close and the
defeat Of the Cabinet was conjectured in some
quarters. -
Austria and Prussia had agreed to a mutual dis
ornament and settlement OF the German ques-
1iSa 11ISGn; Austria mantainng however very
SO menacne in this respect that, just previous to
the departure Of the Peruvian, Prussia refused to
aisarm 60 long as Victor Emanuel was threaten.
cd 1t is said that Napoleon had informed the
Austria Aus France will not lend him aid. The Lon
at tbe eY forged
ton OF the news Of the actual rupture OF diplo-
matte relations between Austria and Prussia.
roofing, and strict war precautions were exercised
by the Austrians on the frontier.
Consols closed in London, April q, at s65@s7
for money. United. StateE 520's 70(17O4, The
Liverpool cotton market opened firmer in the
can: can This gain was partially lost during the Eve
from one.half to one penny on the 9th ultimo.
Breadstufts inactive, with prices nominally un.
changed. Business dull.
From Washington.
Fro, kha
New York Times, dated the 9Th, we take the fol-
lowing news from the Capitol:
INTERNAL REyENUE-1MPoRTANr CIRCULAR
Tho following circular has just been issued after
the most careful consideration:
TREASURY DEPARTMENT,
OFFICE OF THE INTERNAL REVENUE
WASHINGTON, May s, 1866.
Three questions have arisen under the Internal
Revenue laws respecting the tax upon sales of
stocks, exchange, bullion, coined money, bank
notes and other securities, VIZ
First-Are brokers liable to tax upon their
sales OF their own stocks, &C., we'll as upon
sales of those belonging to others2
Second-Are bankers doing O general business
as such, and selling their own stocks, &C.. liable
to pay tho duties imposed by the ninety ninth sec
ton upon brokers and bankers doing business as
brokers' In addition to those imposed upon them
as bankers?
Thi,d-Are bankers who cell not only stocks be-
longing to themselves, but also those belonging
to others, to be regarded as bankers doing bust
ness as brokers' and therefore liable to tax upon
tlelr 6LIo5
The arst two questions lave recently been COLI
adhered BY the Supreme Court ofthe United States,
and it has been decided by them, first that brok-
ers are liable to a tax upon their sales Of their
bank notes, promissory notes and other securities
as well as upon those belonging to others !;
second, that bankers doing general business as
imposed by law upon their capital and deposits,
who negotiate and sell Government securities as
agents OF the Government, and who at the same
m qal no,,foa ,r;f, T,r
selves, and do not for others, or for commission
are not liable to a tax upon such sales.
The third question has not been dire city adjudi-
Gated by the Court, as it has not been directly
brought before it, It has been the rule of the
office, however, that when banker is engaged in
selling not only his own stocks, &C., but stocks,
&C., for others, for a commission, he is banker
doing business as broker, and ID liable to pay q
tax on all his sales.sales Of his own stocks, bonds
clearly sustained by the reasoning of the Court in
it's recent decision, and will be regarded as the
requirement. Of the law. Assessors and their as-
sistants and Collectors and their deputies are
hereby instructed to proceed at once to tho as
sessment and collection of such taxes as have ac-
crued upon the sales Of brokers, or of bankers
doing business as brokers. and which still remain
unassessed, or due and unpaid.
(signed) q. A. ROLLINS, Commissioner.
THE cHIEF-JUsr1cE ON MILITARY LAW IN VIRGINIA
HE DECLINES TO PREs1pE AT THE DISTRICT COURT
AT NORFOLK.
The United States District Court convenes at
Norfolk, Va, tomorrow, Judge Underwood pre-
siding. Chief-Justice Chase declines to preside.
until he can be assured that martial law is abro-
gated in Virginia. AS there have been conflicting
decisions in the War Department and by the com.
manders OF military departments as to the effect
OF the peace proclamation with regard to the res
toration Of civil law in the States lately in rebcl-
Lion, the ChiefJustice does not feel that it would
be seemly for Judge Of the Supreme Court to
attempt to hold court whilst doubt exists as to
whether martial law is abrogsted or not.
A PROCLAMATION INTERPRETING THE PEACE PRocLA-
NATION TO BE ISSUED.
can say upon good authority that the Presi-
dent does interpret the peace proclamation as alb
bellion Is declared to have ceased in all matters
in which the Civil Courts have Jurisdiction It is
understood that declatory proclamation to that
effect will be issued by the President in day or
two. SIS r'., a0 .. sr
THE PRESIDENT AND THE COLORADO BILL.
The query now Is, will the President veto the
bill admitting Colorado as state2 Some say he
will sign the bill because he has committed him
self in favor Of the admission OF that Territory In
communication to Congress some weeks ago.
The President did not in that message undertake
to decide any question involved. On the contrary
he unmistakably declined to take upon himself the
responsibility OF deciding anything, and submit
ted the whole matter to Congress for its action as
will be seen by reading the message, copy Of
which now send:
transmit herewith q Communication addressed
to me by Messrs. John Evans and J. B. Chaffee
as "United States Senators elect from the State
OF Colorado" together with the accompanying
documents.
Under authority Of the act Of Congress APPROX
nd kt,@n - H., - Al