Evening star., 1867-06-05

MORE INDIAN OUTRAsIs.-A special dis
patch ~ me A. 7. Tribuns, dated omsna'
Gay. TIVE nty miles west of Juissburg and took
twenty Il We head Of stock from j. II. Lucy's
portion of the Union Pacific grading. A va
rfety OF runners are current to. day of terri-
Bile massacre OF q coach load of passengers be-
tween Julesburg and Junction. The most
trustworthy report is that received by the
military authorities of this city, from which
Ii appears that the coach was attacked near
Fairview Sta ion. which was lately burned.
Two drivers were above the coach--one was
killed and the other seriously injured, bat es-
capped. Three horses were raken and gene
raj rumma ging took place. Generals Sher
man ans Augur have arrived al the scene OF
these outrages. A general panic exists along
the,piains. A boy named George Miller, ~
Yeas of age, who was captured by the Black
feet in 1865, and stolen by the Cheyspnes ia the
following year, has escaped ana reached Den-
yer. He reports that Ave white womea are
held esptives-ons OF them the wife ofa doc
tor at Council Bluffs. The Indians keep
thoroughly posted in regard to military move
ments. They have manv Spencer rifles, pro-
cured from he traders. The Indians contenl-
plate general and simultaneous attack along
the Platte river in June. The Indian Com
missioner (Judge Kinney and party were
attacked at Bridges Ferry on the l2ta. Oap-
tain Willis, with troops, pursued and recoV-
cred all the stock, and killed enc Indian.
THE INCOME TAx.-The collector OF the
eighth district OF New York, the wea thiest
internal revenue district in the United States
returns. in which he gives some important
infoImstion.. He states that the Internal Rev.
enue Department has decided that The amount
OF all losses sustained by the taxpayer in 1866
are deductable from income, but in estimating
the tess only the original cost, at the greatest.
OF the property, TO the person losing the same,
less the amount of insurance thereon, can be
allowed. With reference to losses sustained
in speculauons, he says the department has
decided that while the law warrants deduc-
tons for losses incurred in trade, this specific
pTOy1slDn held exclude losses N
general speculation; and such losses are not
allowed. Payments of interest by the income
taxpayer are also referred to, and upon this
subject the decision has been that the amount
actually paid for interest by any person in
connection with the business from which in
come is derived, and which is due 10 the year
of inceme. is ded ductable from income. But his
provision would not allow ded action of in
terest simply falling DUE sor even for in
terest "actually paid" except Sc tar as such
interest was an immediate expense Of carrying
on the business of The year But in respect to
interest ling due from the taxpayer during
the year of ncome-an amount of interest
which only nominally falls due-but which,
for any reason, the assessor is of deliberate
opinion the taxpayer will never pay, or which
he cannot be compelled to pay, should be dis
allowed as an offset against interest accruing
TO the taxpayer.
CHEsAPEAKE AND OHIO OANAL-The stock
holders of the Chesapeake an d Ohio canal held
an adjou rned meeting in Annapolis yester-
day The State was represented by r. Fow-
of Public Works; the city of Alexandra by
Mayor Latham; Washington and GEORGETOWN
by J. l.. Barrett, Esq; the United States by
Mr. Huntington. and the State OF Virginia by
Bradley T. Johnson Esq. 1t was urged by
counsel that the Board of Public Works accept
the law passed by the Legislature at its last
session, conveying to the preferred bondhoid-
ers the exclusive right to nominate the presi-
dent and directors in saId work. The Board
of Public Works, Messrs. Swami, Ste ward and
Fowler. was unanimous, we learn, against
n hat m, hea
unconstitutional. Considerable discussion
was had on various propositions to adjourn,
&c, when 1t was finally agreed to adjourn
until the second Wednesday of July next, and
a committee appointed to obtain legal opinions
to the validity of the law, which will be
presented to the stockholders of the Chesa-
peake and Ohio canal on that day, the meeting
10 take place in Baltimore. We learn further
that the Board of Public Works intend asking
the opinion OF the Attorney General of the
State on the subject OF the law in question
Baltimore American.