Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-03-12
RuiinE Of tho Cemmissioner Of In.
tssnai Rsveaus Csaesrning she
ktRmp Act.

tsssai Rsvenus C~ssesrnins she
Rtamp Act.
Nrw YoRx, March 1l.-0n tho 9Th
instant President Tappan, Of tho Galla-
tin National Bank Of this city. addressed
q letter TO the Commissioner Of Internal
Revenue asking his decision on the fol.
lowing questions: Firxt-A Are notcs.
drafts and a~ccsptanccs. when mads pay
able at tho bank. subject to q stamp tar
OF two cents, and II 20. does the tax APP
ply TO notes, drafts and a~cceptances
drawn or accepted prior 10 February 8.
1876, and which have maturcd and since
been paid2 Seeond-D Does tho tax ap-
ply to checks drawn by the bank upon
itself for the purpose Of paying its own
dividends, aud dividends, coupons orin.
tcrcst Of other corporationsf Third
Are checks drawn by tho State. county
or city governments on the bank subject
TO this tar?
Commissioner Douglass replies as fol.
lows: Fint-That II there Ii any IN
derrtanding between the bank and tho
maker Of the notes or the aoceptor Of the
checks, drafts or orders payable at che
bank. that all such notes aud accept
ances shall be paid by the bank. and
charged to the account Of the makers.
drawer or acceptor In the anne manner
a. ordinary checks would DO. such notes
and s~cccptanoss m considered liable
to tho two-oent tar. This applies 10
notes, drafts, etc., made. drawn OF
accepted prior TO February 9Th, whom
paid by bank on or after that date.
Second--This tax applies to checks drawn
by tho bank upon itself for tho purpose
Of paying It's own dividends, coupons,
or interest Of other corporations. or any
other payments. Third Checks drawn
by State, county or city officers In thoir
official capacity upon public bonds de-
posted In tho bank arc exempt. Such
bonds are kept separate from any pri.
vate account. II not being within the in
tent OF the law TO tax the public treas
ury. I will add, with reference TO some
other questions frequently proposed TO
this ofioo, that orders for dividends are
subject to tar II drawn for q definite and
certain sum, but not otherwise. An Or
binary certificate OF deposit used In tho
ordinary manner Ia not liable. Interest
coupons arc considered exempt. Bills
OF Exchange. foreign a. we'll AZ inland.
when drawn upon the bank, maker or
trust company. are hold subject to the
tai, whether payable al sight or other.
wise. Duplicates OF bills. or orders,
etc., are liable the same a. the original.
Receipts not relating 10 banking bus
siness, for instance. for rents. are exempt.
Tho Prsss On the New Manpshirs
Eisetiea.
Nkw YoRx. March 1l.-Nothing has
been received this morning changing
yesterdays New Hampshire returns.
The Herald regards the New Hampshire
election result m q check and warning
10 the Democracy. who must avoid their
tendency TO Bourbonism II they hopo 10
recover power. II the Republican party
repudlatss Grantism u has moro than
an even chance for the noxt Presiden-
tial election.
The Tribune also assumes that tho
Republican gains result from the partial
Reputation Of the third tsrm in New
Hampshire. The result Isl lesson 70
both parties. Democrats are required
to DO taught that their party name Il not
q magic spell insuring success, and Re-
publicnns that Grant Ii unnecessary to
them. for the New Hampshire Republi.
can platform clearly pronounced against
o third torn. Tho Democrats had also
failed TO mako good use OF their oppor-
t~unities by pursuing q liberal and con-
~ciliatory course when they obtained tenn
porsry power, but had banishsd genius
and character FROM the Senate 10 elevate
mcdiocrity In Connecticut and IN cI-
Confederate in Missouri.
Thurlow Weed says no 10 agresably
disappointed by tho New Hampshirc 70.
suit. The Democratic defeat was caused
by their sending two rebel Generals 70
stump the State. and by Republican
reputation Of the third tsrm.
TIE GstherisE 81 the Inaspsndsst..
CLEVELAND, o., March il.-About