Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1867-05-03
MERCHANTS AND OTHER TRADERS.

and also paid the So tax, he must list the
whole, So per gallon.
MERCHANTS AND OTHER TRADERS.
| last year gave the opinion that if A.
| purchases raw material, bestows on it his
| labor, and then sells the product of his L.
! bor he is not ''trader" within the mean
| ing of the Revenue law although he has
been decided to be " trader" under the
| bankrupt laws of England The General
Assembly with a knowledge of this con-
struction has not changed the words of the
law. Hence give the following opinions
with confidence
LIST. That steam saw miller is not taxed
under Sec. 5, Glass 3, Seized A. on his pur-
chases of logs, although after saving them
into lumber he sells the lumber.
I'd. A newspaper editor does not paw on
his purchases of paper, &c.
Sd. A shoe manufacturer does not paw
on purchases Of leather.
4th. Nor a sculptor of tomb stones on his
purchases of marble.
9Th. Nor q manufacturer of warns or cloth
on his purchases of cotton.
9th. Nor a planter on his purchase of
guano, afterwards converted into cotton or
wheat, DC, &C.
In these cases the article sold is totally
different from the raw material bought
featuring Or producing, not of s'trading. -
But If the business is to 6 trade to
buy articles and resell them substantially
in the same form, the person conducting it
must pay on his purchases, although he
may, as subsidiary to his main business to
some extent, carry on manufacturing
Jewellers and Druggists may be men
toned as examples under this head, spe-
cially named in Sec. 5.
Merchants and other traders who list
their purchases under See 5, page 9, do
not list their capital for I'D ual0rena taxa
ton under Sec. 10, p. 6, but they are
bound for tax on their met income" if
over 5000.
Bakers, Saw Aillers, and other manufac-
turers who do not pay on their purchases
of raw material, must list their capital I'M
der Sec. 10, .. e, and are likewise bound
for the income tax if the net amount ex-
ceeds $500.
Commission merchants i'll this State fire.
quently buy and sell goods as other mer-
chants In such cases they will pay as mer-
chants under Sec. 5. Where they sell the
goods of others as consignees only, they
must pay on their sales. If commission
merchant buys for a regular merchant as
agent the regular merchant must pay the
tax on purchases. So if a produce broker
negOtlateS sale Tor commission merchant,
the latter must pay the tax on the SALE
But the broker is liable if he sells for the
owner of the goods.
PLAYING CARDS.
On each purchase of playing cards the lax
accrues, no matter how often the same may
be sold
PISTOLS, &c.
The tax on pistols, &C., is not affected by
the order of Gen. Sickles, prohibiting the
wearing of deadly weapons. The tax is on
the weapon, used or worn about the person,
at any time during the gear, e from April
1st 1866 to April LIST 1867 AS it is indict-
able to fail to list after having worn the
weapons, it is the duty of the grand juries
to enquire into the fact of listing by exam
ination of the returns and to present any
offenders against the law.
If @ person uses or wears about his per-
son weapons not his 0tCn, he is notwithstand-
ing liable to tax.
Employers are not bound to list the pis-
tolls, &c, of their employees, unless such
employees are their minor children or
wards.
EXEMPTIONS.
A house and lot, leased by the owner, an
investment, to be used for a boarding school
is not exempt from taxation.
Pianos exclusively used for instruction in
q school are exempt.
The income of school teacher, if ex-
ceeding $500, is not exempt.