The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1876-09-30

my OF tue SecOHu Iein u mnuo uluefent,
and reads February 25. Fees and
enpcases Nth reference to deed" 10. |;
and the third item is put in still another
and different mode Of expression, thus !;
"March 1. For Drafting, DC, First Mort
gage Deed, while in the fourth item the
word "fees" (and this time without the
Expenses is brought into requisition.
The obvious intent Of these contrivances
is to give color to these bogus items and
the appearance Of being copied from some
real paper.
The first six items Of this statement re-
late to matters connected with the Pitts
burg, Fort Wayne and Chicago Railway,
and right understanding of Mr. Tilden's
relations to that enterprise, prior to and
during the year 1862, is important at the
outset.
Now, the fact is that no such accounts
as are contained in these six items ever
existed, and no one Of these pretended
items has ever been made the subject Of a
specific charge by Mr.. Tilden against any
individual or corporation whatever.
Mr.. Tilden became counsel for the hold
ers Of various classes Of bonds secured
upon the Pittsburg, Fort Wayne and Chi
cago Railroad, which was and is railroad
running through four different States, and
built in sections by three different corpo-
rations, which were afterwards consolida-
ted When Mr.. Tilden became counsel
for the bondholders in 1859, it had out
standing nine different classes of bonds,
upon all of which default had been made,
and It's affairs in general were in apparently
hopeless bankruptcy and confusion. To
rescue this enterprise Mr.. Tilden labored
continually, and much more laboriously
than lawyer ordinarily does in regard to
any one particular case, from 1859 to the
early part of 1862. The labor was partic-
ulnrly arduous during the years 1860 and
1861.
Suits of foreclosure were instituted early
in each of the States, and these had SO far
progressed by June, 1861, that decrees Of
foreclosure and sale were then entered.
The road was actually sold on the oath Of
October, 1861, and possession taken under
the sale. OF course this could not be nc.
complished until all the conflicting inter
ests-the nine different classes OF bond
holders, the secured creditors, the upse-
cured creditors and the stockholders-had
been harmonized and satisfied; nor until
legislative acts adequate to meet case
such as had never before arisen, either
here or in England, had been devised,
prepared and successfully passed in four
different States. All this was accomplish
plished principally under the advice and
with the labor Of Mr.. Tilden before the
close of the year 1861. His engagements
on account Of this railroad during that
whole period were constant and engrossing,
Whatever pay he received was for the
entire service as whole-it was not itemi-
zcd or apportioned.
The Income Tax law went into effect on
the LIST of January, 1862, and the incomes
falling under its operation were those accru-
ing from and and after the said first day Of
January, 1862. Income which had ac-
crued before that time was exempt from
its operation
do not think it necessary to occupy
much more space in discussing the legal
aspects of this income question, or in sus-
tanning the right Of citizen to receive
aud retain free from income tax moneys
which he had already earned by bis own
labor in years when no income tax existed.
The rule on this subject was early de-
clared and promulgated by the Internal
Revenue Department itself and is in full
accord with these views. In 1868 Hon.
George s. Boutwell,, then late Commis
sioner of Internal Revenue, prepared a
Manual of the Direct and Excise Tax
System" which Mr.. Secretary Chase off,
cially approved and authorized.
Under date of May, 1868, this Manual
contains Opp. 273,274) the following de.
cision by the Commissioner of Internal
Revenue "a merchants return ofincome
should cover the business Of the year 1862,
ercluding previous years"
physicians and lawyers should include
actual receipts for services rendered az
1862, together with an estimate Of unreal
lied or contingent income due to that year.
In. view Of these decisions aud official
instructions of the Internal Revenue De-
partment, Mr.. Tilden's income return for
1862 was made up SO that, even if diff
ferent view had since been authoritatively
held and expressed, Mr.. Tilden would
stand completely justified. But there is
no authority for any different view.
With these preliminary observations, !
will proceed to examine the fabrications of
the Times in detail. The following is q
copy of the Tin,ess statement.
THE FALSE INCOME RETURN or SAMUEL ). TIL.
DEN PoR 1862.
A fac smile Of the Democratic candidate s
affidavit, contrasted with several items of
his income.--A convincing though incom.
plete showing which convicts Mr.. Tilden Of
perjury and Of cheating the Government.
Income of 1862.
Some Items of the [alleged] True Statement.
February 19--Fee for Trustees and
Master Commissioners Deed to
the Purchasing Committee Of Pitts
burg, Fort Wayne and Chicago
railroad Company. .."...."........- SoiUV0
February 25-Fees and expenses with
reference to Deed Of Former Rail.
road Company pursuant to ordero of
Court, Pittsburg, Fort Wayne and
Chicago Railroad Company......... 1000
March 1-For drafting, &C., First