The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-07-18
w a s FL I NJ g TO ~

WASHINGTON. July II, 1872.
The NeW York Central and the Scrip
Dividend Tax.
Mr. Fairfield, the attorney, and Mr. Worcester
the treasurer Of the New York Central Railroad
Company, called upon Assistant Secretary Richard
son and Commissioner Douglas this morning, in
relation to the scrip dividend tax amounting to
nearly half million Of dollars. The representatives
of the company want the department to bring suit
for the recovery Of the money instead Of collecting
1t by summary process. They were informed that
the department could not assent to that PROPOSE
ton, but that II they would deposit United States
bonds to the amount of the tax claimed. they
might bring suit against the Collector at Albany
just as II the money had been obtained by dstraint
OF the company's property, and promising that on
the trial the department would nterpOse no techni-
cal objection that the money had not been raised
by distraint. This position of the department. is
with view to facilitate an action In the premises
The representatives of the company will return to
New York without delay, and have promised
Spouse in a few days.
The New Tariff Law and tho Merchants.
The Secretary Of the Treasury has received a
large number OF letters from leading New York
merchants asking for decisions questions likely
to arise under the new Tariff act, which goes into
operation on the LIST OF August. He positively de-
clines to give any opinion upon hypothetical cases,
and says that merchants must await actual contact
with the law before presenting such questions for
the consideration Of the department.
The Steamboat Inspection Law.
Supervising Inspector General Nimmo leaves
here tomorrow for New YofS and Boston, to ex-
anime into the workings of the Steamboat In
specti0n law.
A Cavalier for Grant.
Philip Clayton who was Assistant Secretary On
the Treasury under Buchanan, and who frequently
declared that the sooner this government was
broken up the better 1t would be for the people of
the South, not only supports Grant for reelection,
but Is prosecuting some claims before the Post
Office Department for mail contracts in Georgia for
money due at the breaking out OF the rebellion.
An Old-Time Duel In Prospect.
It Is reported here that personal misunder-
standing has arisen between Senator Poole, OF
North Carolina, and the democratic candidate for,
Governor in that State, and that Merrtman has in
tlmated his readiness to fight Poole. The Senator
Is regarded as crack shot and never declined q
challenge.
A Gold Bank mt Sacramento.
The Comptroller Of the Currency to-day author
tied the organization Of gold bank at Sacramento,
Cal, with capital Of 100000. The President is
D. O. Mills, who is also President of the Bank Of
California.
Exemption OF shipbuilding Materials.
The Treasury regulation Of June 20 concerning
the exemption from duty OF imported materials
going into the construction repair or vessels will
be so modified as to require the payment of duty
on hemp and Manila cordage, iron bars, copper
and composition sheathing upon their entry; and
when It shall be shown that such articles have been
manufactured into materials going into the con-
struction or repair OF American vessels the duty
paid vill be refunded