The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-08-08

DECISION ON A REVENUE LAw.-The follow
ing letter has just been received by. Assessor
Kenndy, of Philadelphia, which. explains itself:
TREASURY DEPARTMENT, OFFICE OF INTER
NAL REVENUE, WAsHINGToN, Aug. 5, 1870
Sir;-Yours OF 18th inst, enclosing copy of ours
dated Goth ult., respecting the terms of sec. 10,
act ID, July, 1870, is received.
"You say you have explaiued:-First, That
corporations will not be responsible for any tax
on Interest paid on bonds or coupons for the
five months ending 31st December, 1870; aud,
second, that on the net gains and profits of
corporations for these five months, whether dis
tributed in the shape of dividends, used in con-
they will be required to make return in March
and April, 1871, as the annual income of com
panies not required to withhold the tax and
inquire If your explanations are correct"
II reply, that where interest and coupons JdH
due at any time during the five months ending
31st December, 1870, no tax whatever is to be
tCithheId therefrom, but the persons receiving
such payments must return the same as part of
their income.
Second. Your last explanation is not cor
rect. The sixteenth section of the act of 14th
July, 1870, provides in what manner the returns
of dividends, etc. etc., shall be made, and your
attention is called thereto.
"Respectfully, j. w. DoUGItss.
Acting Commi--,naor
john B. KINNEY, Esq, Assessyf, Philadel-
phia.'
The following is the section referred to-
"Section 16. And be 1t further enacted, That
every person, having the care or management OF
duy dliOu udDlC ~ DC bdASu ulutl buC ldob
preceding section, shall make and render to the as
SCISSOR or assistant assessor of the district in which
such person has his office for conducting the bust
ness of such corporation, on or before the tenth day
of the month following that in which any dividends
or sums of money become due or payable as aIore-
said, a true and complete ~return,n such form as the
Commissioner,of Internal Revenue may prescribe, OF
the amount Of income and profits and of taxes afOre-
said and there shall be annexed thereto a declara-
ton Of the president, cashier, or treasurer Of the cor
poratiOn, under oath, that the same contains a true
and complete account oflthe income and profits and
OF taxes aforesaid.
A $1,000 BURGLARY.-On Saturday night the
dry goods establishment of Tim 81 Brother, No.
345 North Second street, was entered by bur-
glars, who stole therefrom over $4,000 worth of
fine silks. Entrance was secured by the bur-
glars through an alley on Callowhill street to
a shed, from which they climbed into the window
of a stove store. They then assembled to the
roof, ran along the top OF the houses to the
place of Messsrs. Tim & Brother, broke open
the trap-door, descended to the ground
floor, secured the plumber, and escaped by the
way they came.
ATTEMPTED ~BURGLARY.-On Saturday night a
police officer observed two men standing in front
of the New York Sample Office, at Eleventh and
Locust streets. The officer moved up to them,
at which they attempted to get away as fast as
possible. Something was dropped on the pave
ment, which the policeman picked up and found
it was the lock of the door, which had been
pried off by a jimmy. Chase was given the
burglars, and one of them giving The name of
John White, was captured. He will have q hear
ing to-day al Tue OcnITdl SIdLlOu.
MISSING FROM HoME.-On Tuesday last a Mr..
John O.. Heines, aged twenty-eight years, resi-
ding in Gloucester, left his home and has not
since been heard from. He left some articles in
a store in South street, between Sixth and
Seventh, on the same day, and they have not
been called for. He had dark hair and NOUS
! tache; was dressed in a black coat with linen
pants, and had on a dark straw hat. Seventy
i've dollars were in his pocket when he left
home.
FATAL ACCIDENTAL II o'clock this morning
a woman named Eliza Clay, aged fifty years,
was run over in Second street, below Berks, by
o car on the Second and Third streets line, and
instantly killed. The body of the deceased was
conveyed othe Eleventh District Station House,
at Trenton avenue and Dauphin street.
FOUND DEAD.-Mary Mcbride, aged sixty
years, was found dead in her bed at half-past 3
o'clock this morning, at her residence, No. 5
Fairmount avenue, in the vicinity OF Twenty
fourth and Lynn streets. She was intoxicated
when she retired the night before.
LARCENY OF CLoTHING.-Charles Nelson, for
stealing a quantity Of clothing from a place in
Gloucester, was arrested on Saturday night by
Sergeant Gilchrist. Alderman CahiI committed
Nelson for a further hearing.
BAD B~oYs.-Three boys, for throwing stones
in the windows of a passenger car at Broad and
Callowhill streets last evening, were arreeted
and bound over.
SUNsTRoKE.-James Nolan was overcome by
the heat to-day at noon at Second and Spruce
streets. He was carried to his residence at Penn
and South streets.
SLIGHT FIRE.-The roof of a lager beer
saloon, No. 1923 South Fifth street, was slightly
damaged by fire to-day at noon.
FINANCE AND COMMERCE..
EVENING TELEGRAPH OFFICE,
Monday, Aug. s, 1870.
The exciting news from Europe since Satur-
day has already had an unsettling effect on the