The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1870-03-25
FINANCIAL.

a YOUNG unmarried man puts the
following question:
Does the law allow single young men
living on sllaIy to deduct the amount
paid for rent of their room duripg the
year fro NJ their incomei
We don't know what the ruling by
the officers here have been, but we un-
hesitatiDgly reply, Yes, the rent of a
room is legal deduction from income,
ifit is the residence of the taxpayer.
The following is copy of the Commits
sioner's decis'o on that point:
Any person claiming deduction on
account of expense for room rent, must
satisfy the assessor that the room or
rooms occupied by him constitute bis
home, and that he has no residence
elsewhere, and this being shown, he
may be allowed to deduct what he ac-
tually pays for rent of such rooms, but
nothing can be allowed for rent of fur
niture or care of rooms.
A CORRESPONDENT asks US if two
cent stamp is reqared on receipt for
promissory note. If the note is ac-
ccpted as full payment fo. debt. and
exceeds the sun of $50, a stamp would
be required, but as such acknowledge
meuts are oIdil lavily given no stamp
would be needed.
TIE GOLD market is becoming daily
less active, and recently the speculative
interest has been transferred to tue
stock market. Ia the absence of sales
for the short account the volume OF
business has been largely decreased, as
shown by the clcarauccs, which now
average less than for'y millions each
day.
The iacome tax payers who have been
denied the deduction OF mortgage inter
est on their homesteads paid as for l569
will he interested TO know that a joint
resolution of Congress was passed
through the House of Representatives
last week, directing such deduction by
Il unanimous vote aid in less than five
minutes time aftCr It's introduction.
Tie Joint Ie.oiutiOn is now with the
Finance committee of the Senate, and
there is little doubt that it will be CON
currcd in. The instructions of Mr.
Delano, the Commissioner OF Internal
Revenue, on this point, is universally
esteemed alike ARBITRARY and indetensi-
Bile, and the prompt action of the House
of Repre- entatives ought to satisfy him
that he committed a b,undcr which he
cannot too soon correct.
ALTERING CHECKS.-The financial hy-
enas of Wall street have turned their
attention TO altering the figures Of GER
titled checks as more remunerative and
less risky than forgery. For tue past
week daily instances have been recorded
in the New York papers. mania seems
to be prevailing for this species of crime.
Not long since bank robbtries were the
rage, then defaulting cashiers, then
forgeries, and now altering the fig
ures in checks and drafts IS the
correct thing among the adven-
turers in business ciIclCs. 1t is
suggested as being the only way to
provide against it that every business
man have his checks printed in different
colors. For sums over one hundred dol
lars and under one thousand the check
might be printed with blue ink: over
one thousand and under two thousand,
green: over two thousand and under
thee, pink, ard so on. This wonld pre-
vent the original amount being misrep-
resented, except to an irconsideTable
extent, and ths bank teller could ascer-
tain at once whether the figures had
been increased in amount to a sum
which the color of the check was not
intended to cover. But it would be q
more effective way of providing against
this crime to make the otfense punish
able by imprisonment for life.