The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-06-09
INTERNAL REVENUE.
assessments for 1866 and 1867 in the
Fifth District.
~~~->~c~~o~~~~~~~>~~~~~~~~
MANU- ACTURERS' AND SPECIAL TAXES.
~>>~~>~~~-~~
Gross Receipts Of Theatres, Ferries, Express
and Insurance Companies, &C.
Auctioneers, Brokers and Dealers
Sales, Bank Taxes and State
ment of Lists.
&c. &c. ~.

Although the present fiscal year Of the Internal Reve
nue. Department does not expire before June So 1867
SIN interest, doubt, will be taken by those who
pesuse the Nems OF assessments given below ana made
during the twelve months ending April 90 1867 in the
Fifth Congressional district Of this city, which
ysed Of but four wards the Seventh TENTH Thirteenth
End Fourteenth. under the assessorship of David Miller
While the oolectorship is filled by Joseph Hoxie. The
books In in the Assessors Office which located
u No. 5e3 Broadway. perhaps about we'll kept
those in any similar Office this any other city,
though uniform system might be established in the
oces OF Internal Revenue Assessors and Collectors
throughout tho country by which system the officers
controlling the same would not only be benefited,
the much needed change would be advantageous
Tho Department. in Washington we'll TO all tax
payers II needs but the explicit and rigid instruc-
taons from Commissioner Rollins on the subject
after his furnishing the several offices with the proper
books and the desired change would speedily made
From the Assessors records gather the following
Information and statistics concerning the standing OF
this district for the past twelve months far regards
The internal revenue taxes While the aggregate assess
ments made during the preceding year footed up
Sls7 inclusive OF the quarterly statements Of the
Assessor to the Commissioner Of Internal Revenue of
bank and insurance companies taxes assessed in this
district for that PERIOD the total assessments for
year ending with April go 1867, including the amount
Of tho last annual list amounted to 642 l showing
between the two Items . decrease OF eighteen per
eentum which will be accounted for hereafter in these
columns In making a comparison OF the yearly, or
'annual" list for 1867 with that for 1866 fboth Of
which are made up Of incomel and special taxes il will
b observed that difference between them exists to the
amount OF &llS $685. the deficiency being the amount
81 assessments returned in the "annuain for 1867,
completed on tho 10Th ul.imo The total amount Of
~ year 1866 Sl9O,3s6. and 1t is now
conceded that the tax from this source Of reve.
nue. for 1860 will barely reach the sum OF 100000.
This principally owing the increasing OF amount
Of exemption from $500 TO 900 expense for sus-
tsnance besides great falling of in business during
that year. wonderful depreciation in stocks disposed
q, enormous deductions Of paid for homestead
heavy taxes DC. In addition 70 the above reason as
mentioned LIST might assign still another and that
upon the present act requiring parties applying
Wholesale liqsor dealers 70 pay tax or $50 Al rss On
shs ground that their annual sales anticipated will ex
sssd NE sum Of $4,000 Persons and nrms ceiling mer-
eAandtse not manufactured by them on the premises
whsrs their principal Office is located and who effect
Ales from said ONCE in the Of Dealers not
ne current year Is basis for their special TAX but are
required TO apply for SAID tax from May 1867 for $780,
which amount IL entered against them the annual
nst for 1857 and from that period to render monthly
seturn OF their sales "a dealers, and pay = tax
instead Of that celebrated parsonage iamiarly known
John Smith, Esq, paying special tax OF $1,000,
because his aggregate sales wholesale dealer the
previous year were $1,000 600. he has merely to pay
go May ], 1857, and make returns In the manner
prescribed for manufacturers Upon examination u will
b that the banking and insurance COMPANIES doing
business this district have, during the twelve months
ending April go 1857 failed TO make largo returns
they did for the corresponding period OF the previous
vear-the total assessed the capital deposits
cua,ion and dividends Of the banks. including also the
tax on dividends declared by the insurance companies
Vas S72 9l3 against for the year expiring May
4 1865 The principal manufactured article In this dis
Srict exempted from monthly sales provided
for In the TACT of March 1867 and which has hitherto
clothing the average monthly tax on which prior TO
March q 1867. was $1,000. By q reduction In the rate
Of tax cigars and rehners gross sales in the
anne law the government, in the case OF cigars manu-
fnctured loses So 600 per month the average, and
On sugar renners sales $1,000.
Tinware for culinary purposes, and all cooperage,
uumps doors sashes and blinds are free from OF
SSOO assessed monthly the average, prior 70 March
& 1861
II a evident from the immense decrease In the
suYus lately made addition to the long list Of
sjons that Congress at It's next session will either have
q increase Of taxation upon The manufactures
now paving monthly tax, resume the tax upon
eain large manufactures now enjoying the exemption
urivilcge otherwise the prominent institution termed
ssrhe Internal Revenue viii become centenary inst-
tutiop before interest Of tho public debt IS paid.
Am