The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-02-04

WASHINGTON, Feb. 8, 1872.


House Of Representatives.
The H0nse met for general debate. Mr.. Hay, of |
Illinois, In the chair, and about dozen members
present Several speeches were mace ON o variety
OF subjects.
The Dividends Of the New York Central Rail-
r0nd.
The attorneys OF the New York Central Railroad
commenced their argument before the commits
sioner Of Internal Revenue to-day. The point in
issue was whether the eighty per cent interest cert
fcates issued by the corporation to It's stockholders
were taxable as o dividend. 1t was contended by
the company that the certificates did not represent
income gains or profits OF the road; that they were
simply as basis upon which to declare dividends
and 20 enable the company to pay to stockholders
larger dividends than they otherwise could under
the laws Of New York, which allow the Legislature
to regulate their rates OF fare &c. whenever their
dividends exceed ten per cent and that the certh-
Gates themselves were payable, II at all, out OF
future earnings and then only at the option OF the
company. The argument on benalf OF the company
viii probably be concluded on Monday, and Com.
missioner Douglass VIII as early thereafter as posi-
bic render definite decision.
Tobacco Manufacturers mt Washington.
delegation OF the plug tobacco manufacturers
Of Richmond, Va, were at the Internal Revenue
once to-day TO interview the Commissioner in rea-
ton to the tax on tobacco and to urge him to use
his influence with Congress to secure the passage
OF law making the rate OF taxation uniform on
all kinds OF manufactured tobacco at whatever rate
Congress may decide upon. The Commissioner in
formed the delegation that the Office sympathized
with them In their request and favored such
modification OF the present law, so nimical to the
public interest," as will meet their desires. The
Commissioner OF Internal Revenue has decided that
the assessors not entitled receive commissions
tobacco sent from their districts in bond for eX
port which Is subsequently withdrawn Tor home
consumption and the tax paid.
Internal Revenue Receipts.
Internal revenue receipts to-day. $816,S72; for the
month to date 81 074; grand total for the fiscal
year to date, SIS, $50. $50.
Currency Statement.
Receipts Of fractional currency for the
week ending to-day .................... $1S2, 400
Shipments .,............. ........ .... 606, 600
Shipments OF notes. ..................... 10S0,500
The Treasurer holds as security for Ma
uOnal Bank circulation. ............ 871 45l, $50
And TOR public deposits. 1885, 600
National Bank circulation outstanding
AZ Hf's d.De 3ZS,6Ot, Iol
Death Of the Rev. Dr. Hamilton from n Fall
the Ice.
Rev. DR.. william Hamilton, while on his way to a
street car this morning, tell heavily on his back,
his feet slipping the Ice, and died in short time
thereafter from the shock to his nervous system,
a. Is supposed. He was nearly seventy-four years
OF age. After fifty years OF services a travelling
minister In the Methodist Episcopal Church, he
received an appointment TO clerkship IN the
Patent ONCE, and was on his way thlther when he
fell The deceased was the father-in-law OF the
Rev. DR.. Tiffany.