The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1894-01-26


Incorporated or existing under general laws.
and on all undtstributed sums made during
the year to their surplus funds: aud said
banks. trust companies. etc. shall pay The
said tax. and are hereby authorized ana re-
quired TO deduct all payments made on &C.
count Of any dividends. due and payable as
aforesaid. the tar Of . per cent And a list or
return shall be- made and rendered TO the col.
lec:or on or before the tenth day OF the month
following that in which any dividends be-
come due. containing true account OF the
amount OF taxes; and there shall be annexed a
declaration Of the president or cash
Ter. under oath In form as prescribed,
that the same contains q faith.
full account OF taxes as aforesaid. And for any
default In the making of such list or return
with such declaration annexed. the bank. etc
shall pay penalty OF 81 .0Jo; and In case OF de-
fault In rendering said list or return. or Of de-
fault In the payment OF the tax. the assess
ment and collection OF the tax AMI penalty
shall be In accordance with the general pro.
visions OF law In other cases OF neglect. prosid.
ed that the tax upon dividends OF life insurance
companies shall not he deemed due until such
dividends are payable. nor shall the portion OF
premiums returned by mutual life companies
20 their holders nor the interest allowed or
paid to the depositors In savings banks or In
stitutlons he considered dividends.
See Z. That any bank. building association
or other banking institution emitting 10 make
dividends or additions To its surplus often
Is six months. shall make . list in duplicate
under oath TO the deputy collector OF internal
revenue. on January and July LOT the amount
Of profits accrued by said institution during
SIX months preceding and shall present one
list to the collector OF the district and pay
per cent. on such profits. and In default shall
be subject to the penalties prescribed In the
foregoing section: provided that when any
dividend Is made which includes any part Of
sh.. ht..h bus xaaf and
the amount OF duty SO paid on that portion OF
the surplus or contingent fund may he deducted
from the duty on such dividend
BONDED CORPORATIONS.
Sec q That any railroad or canal. turnpike.
canal navigation company. any telephone tele.
graph. electric light and gas company or wa
| ter company. and any street railway company
| or other corporation indebted for any money
| for which bonds have been issued upon which
| interest Is 10 be paid. or any such company
that may have declared any dividend in money
payable to its stockholders ms part OF its earn
I ings and all profits OF such company shall be
subject to tax OF per cent. on the amount
/ OF all such interest or coupons. dividends
/ or profits whenever the shall be
payable. and to whatsoever party. and said
companies are authorized 10 withhold from
/ all payments on account OF interest due anu
payable. the tax Of per cent and the pay
ment OF the amount Of tax so deducted from
\ the int oresf and certified by the president
| or frea surer or other principal accounting Of
ncer shall dischnrge said company from that
| amount OF the dividend or coupon on bonds
except where said companies may have con
| tracted otherwise.
| eminent receiving more than S4C0D shall pay
| tax OF 2 per cent. which IL shall be the duty
OF all paymasters ana disDursing officers TO de-
duct and withhold 10 the credit OF the govern
| ment The payment OF prize money is re-
garded as an income from salaries. and the
regular tax collected thcrefrom-
Al A. mt q AA
| ing internal-reyenue Lao, so that any collector
| or other offeer or internalreyenue agent who
divulges IN any way the operations. apparatus
| or manner Of working 81 any manufacturer or
producer visited by hip in collection OF income
tax. shall be subject To . fine not to exceed
1900. or Imprisonment for one year or both,
and shall be dismissed from ONCE and be for
ever thereafter incapable OF holding any oflcs
under the government
Section Si5s Is amended so that deputy col
lectors shall from time tos'ime proceed throue 4
every district fnquirng after and concerning
all persons liable TO pay any tax and SHAH
make list Of such persons and their owninss.
partnership. firm association. or corporation
liahle to any special tax or duty not otherwise
provided for on July !: shall, on the lst Of
dusiaSie GO goods or Incomes when This is
ous III IL. ina. asSSs = ssss
iousd in his cwn d,striri 2 enter any other
c0&I&ElIO0
found. and to make the examination
EVASION on FRAUD.
Section 3i.6 is amended SO that where the
person TO he taxed refuses 10 make n return list
or ma kes one which IL deemed fraudulent the
COLLECTOR shall have Sower 10 enter the prem
ises and make his own. adding penalty 81 -
per cent. for refusal OF neglect. and of 1oy per
cent for fraud The sickness or absence Of The
70 allow not exceeding thirty days in which
the delayed list may be offered
Section !: REGIMES every corporation dong
dividends under oath that Il IL true In amount.
in such manner rs may be prescribed by the
Section 10 prescribes that every corporato,
shall make returns beginning with 1896 OF all
the following matters. ~ Gross profits. -
annu titles and dividends: q, net PROFITS vita
out allowance for interest. etc. 80 amount
paid on account OF interest. etc. stated sepa-
rately: IS, amount paid In salaries OF A.Vvp OF
less to each person employed: 20, amount paid
| IN salaries OF more than Moon
Section n REQ uircs every cooperation 10 keer
accurate hooks for Inspection by proper on
section Is prescribes that taxes imposed up
on dividends, eta. shall lie collected Therefor.
whenever the same may be payable. and every
corporation paying n tax thereon may retain
from all payments made on account sthcreof a
, proportionatc amount of the tax so paid
Section i6 requires collectors 70 give full re-
! port for all taxes received and . separate re-
ceipt for each tar paid ~ any debtor on ae.
: count OF payments made ~ MIN "
separate creditors in such form that
such debtor can produce the same sepa'
rstely 10 his several creditors and such re-
ceipts 10 be sufncicnt evidence IN favor q
such debtor to justify him Ia Withholding the
+ amount therein expressed from the next pa y
ment to his creditor.
section 10 provides manner Of fixing salaries
. OF assessors
Section - declares that no rule establish
by the commissioner Of internal revenue shail
be valid without the approval Of the secre
tary OF the treasury. nor shall the sam.
| he binding upon any corporafion o.
person not an tnternal-revenue ofhcer Until y
: | has been printed AMI conspcuously posted u
! the once Of the collector OF the district
Section = provides Tor The prosecution o
: perjury
ury or the commissioners of internal revenue
power 70 relieve o. release from all forfeiture'
, and penalties imposed by this act in such ca~e.
. as either o. them may deem proper. except g
penalties Imposed By law for punishment Oh
D \ Inisde moanor or other crimes.
The Japanese God If War.
! In the Japanese capitAl there is
. gigantic image Of a woman, made O
wood and plaster. and dedicated e