The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-02-09
INTERNAL REVENUE.
Brokers, and Bankers CnritaI-FIow Disc
Tiled spirits are Sold-The Principal md
His Aseuts--Iut rreeff0x Facts.

BROKERS', and Bankers CaritaI-How Dis
tii:cd spirits are Sold-The Principal nnd
His Asents--Intcresii6y Facts.
There Is a movement on foot 10 compel Wal. street
10 yield very large amount OF taxation, provision
for which have been found very apparent on an ex-
animation Of the law. Assessor webster was indls-
posed yesterday, but 1t is expected that he VIII be
convalescent In a few days, wheu. It Is expected,
some startling facts and revelatios viii be brought
forth which VIII astonsh the country In the mean
time the officers OF the department are making
every possible preparation to carry out an the proy
sions OF the various acts providing for revenue IRON
the usc OF capital and business Of various nharac
ter In Wall street.
rHR TAX ON DISTILLED SPIRITS AND TOBACCO.
The present law IN regard to the tax on distilled
spirits and tobacco requires that certain parties
should keep books such as the rectider, the whole
sale liquor dealer and the compounder OF liquors;
but 1t does not prescribe that the broker should do
so section forty-sx OF tins law also holds that II
shall not be lawful for any rectider OF distilled spirits
compounder OF spirits. liquor dealer. wholesale or
retail to purchase or receive any quantity OF dsuled
spirits greater than twenty gallons rom other than
an authorized rcctifer or compounder OF distilled
spirits or. a wholesale liquor dealer
THB AGENCY BROKER.
But the constant drag In the matter Is the agency
brokcrr and tie operations OF this individual may
be familiarity Illustrated as folows;-for,instance.
ment with man IN New York who holds license
a. q commercial broker to sell his spirits for him.
canning that he IL a disier under the law, selling
the goods NJ the place OF manufacture as not liable
to tue wholesale liquor Dealers license. The tax on
the wholesale liquor dealer IL one per cent,
while In making hts returns this agent
simply makes them, as broker one-twentieth per
cent instead OF one he setting forth that he Is the
authorized agent, holding power OF attorney, and
that be IL really selling the dislers goods tor him
through himself n Il understood that the Commits
s.oner has held that the wholesale liquor dealer
Sc ling for dstller, when the requirements OF the
law shall have been met shall not be liable TO q tax
as Wholesale liquor dealer.
TrIE SALES or IMPORTERS.
The department has decided with reference to the
sales OF importers. that the importer when the
goods he has imported are sold exclusively by a
broker has nothing whatever 70 do with the sale OF
the goods they being sold only by the broker in
other words that the actual sale has been made by
the broker not by the principal and consequent.
~ the principal 10 not liable 70 any tax TO the gov.
eminent. Powers Of attorney are OF . new creation
THE QUESTION or cAPrTAf-THE BANKS.
The assessor and his able assistants Messrs. wads-
worth and Lewis, having some days since entered
on the question OF brokers' capital and siftcd II so
| thoroughly TIA. they VIII be able 70 make proper
disposition Of the matter and lay the whole system
before the public IN q few days, In the meantime
turned their ahors into an equally important II not
| more important, cbannei-namey. the banks, many
OF which, u 10 alleged have perpetrated the most
astounding and stupendous cnicanery IN refer.
ence 70 their operations in regard 70
| the government. The assessor 10 about to
say TO these banking gentlemen, "Mr Banker, you
are not paying on your capital; you are not paying
on your bonus; you are Tot paying on your clrcula'
tion." In other words, the bankers have not begun
70 fulfil their duties ana obligations to the govern
| ment IN any or either Of the foregoing important
matters. One Of these nne days some OF the lei in
quent wall street millionaire BANKERS are 70 Do sum
| m0ned 10 the ONCE Of the Thirty second interna
! Revenue dhtrics. there TO be duly interroxatcd