Mexico weekly ledger., 1876-10-05

The road was actually sold on the oath of
october, 1861, and possession taken under
the sale. OF course this could not be &C.
complished until all the conflicting interests
the nine different classes of ~bOndholders,
the secured creditors, the unsecured cred
1tors and the stockholders-had been har-
monized and satisfied; nor until legislative
acts adequate to meet a case such as had
never before arisen, either here or in Eng
land, had been devised, prepared and sue
cessfully passed in four different States.
ALI this was accomplished principally under
the advice and with the labor of Mr.. Tilden
before the close of the year 1861. His en-
gagements on account of this railroad dur
ing that whole period were constant and en-
crossing. Whatever pay he received was
for the entire service as a whole-it was not
itemiZed or apportioned.
The income tax law went into effect on
the first of January, 1862, and the incomes
cruing from and after the said LIST day of
January, 1862. Income which had accrued
before that time was exempt from its opera
ton.
l do not think Unnecessary to occupy much
time or space in discussing the legal aspects
OF tits income question, or in sustaining the
right OF a citizen to receive and retain free
from income tax, moneys which he had al
ready earned by his own labor in years
When no income tax existed.
The rule on this subjects was early de-
elared and promulgated by the Internal
Revenue Department itself and is in full &C.
cord with these views.
In 1868, Hon. George ii. Boutwell,, then
late COMMISSIONS of Internal Revenue,
prepared a Manual of the Direct and Ex-
else Tax System,'' which Secretary Chase
officially approved and authorized.
Under Date of May, 1863, the Manual
contains Opp. 273, 274) the following de-
cision by the Commissioner of Internal
Revenue: g.
GA merchants return of income should
cover the business of the year 1862, e1clud-
ing previous years.
''Physicians and LAWYERS should include
actual receipts for services rendered in 1862,
together with an estimate of unrealized or
contingent income due to that year,
In view Of these decisions and official in
structiOns of the Internal Revenue Depart
ment, Mr.. Tilden's income return for 1862
was made up, so that, even il a different
expressed, Mr.. Tilden would stand COM
pletely justified. But there is no authority
for any different view.
With these preliminary observations, 1
will proceed to examine the fabrications of
the Times in detail. The following is a
o of the TimeS'S statement:
The False Income Return of Samuel J.
Tiiden for 1862.
A FAC-SIMILE OF THE DEMOCRATIC CANDI-
DATES AFFIDAVIT, CONTRASTED WITH
SEVERAL ITEMS OF HIS INCOME-A on
VINCING. THOUGH INCOMPLETE, SHOW
ING WHICH CONNECTS MR.. d OF
PERJURY AND OF THE GOV
ORNAMENT.
NCOME OF 1862.
Some Items of the [aUegedl True Statement.
February l9-Fee for Trustees and Mas
ter Commissioners Deed to the Pur-
chasing Committee of Pittsburgh,
Fort Wayne and Chicago Railroad
company $5,UO0
February 25-Fees and expenses with
reference to Deed and Former Rail
road Company, pursuant to order of
Court, Pittsburgh, Fort Wayne and
Chicago Railroad Company.:........ 1900
March 1-For drafting, etc.. First Mort
gage Deed of reconstructed corpora
ton, Pittsburgh, Fort Wayne and Chi
cago Railroad Company..:........... $500
March fees for Second Mortgage
Deed Pittsburgh, Fort Wayne and Chi
cage Railroad Company........... $500
NJ rch Fees for Third Mortgage Deed
Pittsburgh, Fort Wayne and Chicago
Na aaitro saFees mlP or Fnsi convevance to 4''oO
Railway Company, subject to the mort
cages, Pittsburgh, Fort Wayne and
Chicago Railroad Company........ 5000
June ~l4-Cumberland Coal and Iron
COMPANY ........ .................. 5000
October I7-Services to Second Mortgage
Bondholders of st. Louis, Alton and
Iefre Haute railroad company, as =
per affidavit. 1O, 600
November 7-Services to First Mortgage
Bondholders of st. Louis, Alton and
Terre Haute Railroad Company, as
December Slices during year from
Chicago and Northwestern Railroad
Company 20. OCO
Fees during year from Toledo and
Wabash Railroad Company Is ZOO
Share of bonds retained for services dur
ing year connected with reconstruc-
fInE of Chicago and Alton Railroad
Company Is, 900
Salary as trustee and President Of Bal
ance Dry Dock mpa 1850
Total. los ,OOO
DEDUCT.
Fer expenses of Office, repairs.
and taxes ................... $500
For fees received, but not
earned in 1885,. ............. II 800 1900
Net income on Democratic in
depreciation of law........... $S9, 00C
Net income as sworn to by Mr..
Tilden .......... ............ Ills
Professional income fraudu-
lently concealed. ............. Sl,SSa
.Amoant. Inn Of Tar.
Income subject to five
per cent .....,..::..: $4,000 $3.50 o.
Interest returned subject
I 20 three per eent...... Ills 2l3 "a
| Portion of unpaid debt
to the Government. 81, 236 1t
o EXAMINATION OF ITEMS.
First Hem.-This is entered under date
of February 80, 1862, as a Fee for Trustees
aud Master commissioners Deed, etc.
So 900.
No such charge tcGs eUer made, rendered,
or collected By Mr.. TUden, or any on
his behalf at the date mentioned, or at dny
other time.
The instrument itself was a simple trus-
$3.50 - -~o. Inal ~rSnainanu M
sisting of ~recitals adapted to the case of a
railroad foreclosure, and peculiar chiefly in
the magnitude of the property conveyed.
The preparation of such an instrument
could form no item of charge worth consid-
ering in a payment for an, entire service of
years, and no specific charge echote0er was
ever made for it.
Second Nem.-February 70. Fees and
expenses, with reference to Deed of former
Railroad Company, pursuant to order OF
| Court. etc., y, 200.
No such charge aoGs ever made, render
u = La M. Ty}doaa F..