The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-11-26
Ruling by Secretary Of the
Treasury Regarding. Facts
Learned Concerning the
Business of Corporations.
RECORDS TO BE KEPT
UNDER CLOSE GUARD
Government viii Protect Cor
pOratiOnS Compelled to Give
information in Order That
Taxes May Be Assessed,
EXCEPTIONS TO THE RULE
NTASHINGTON. Nov. 2s.-,seeret,
w OF corporations and tie inf
NarWEIa atF fn.Hs

NIAsHtINGToN. Nov. 2S.-'seere,.
w 81 corporations and tie fntI-
hale details of their business
are 10 ne sateguHrdcd hy tie gogern-
IrHt under the law passed by the Lass
session Of Congress, PROVIDING Tar H.
ming OF returns with the freuiturv de-
phrtment for the purpose of assessing
federal lakes.
Secretary of the Treasury sf,e-
Neash today issued ruling which
prevents perusal Of the reports by the
curious or By those who migiat benefIt'
unfairly BY them
Mr. MacNeagh DEGREES thar the rec
"rds OF the corporations shall be kepe
under guard ia the treasut.y deua-t :.
ment and that no outside agent Of the
department under any eFreuusfar..f
shall dtEGlge the contents of tbs. re-
ports. Neither are any eapies OF fhes
reports 10 be taken or Furnished. e.
turn.
The text Of the secretary's rules fol-
lows.
"First-The return Of ererv corrora-
ton SHAH be open 90 the inspection II
the proper Officers and employees of the
treasury department Where access to
any return is desired by an officer or
employe Of any other department Of ale
government. an appllea iuu FOR permits
sion 20 Inspect such return setting OUT
the reason therefor. shail be I'm writing
~ p iAEtA 10y Atlr IEaN OF the executive de-
parlment OF other government estate
ushment In watch such officer or emo
piOye Is employed and transmitted 10
the secretary of the treasury.
II, however the return is desired
TO be used In any legal proceedings or
TO De used In any manner by which anv
information contained in the return
could be made public. or access to an1r
return is desired 10y any official of any
state or territory of the United States.
the application for permission 10 in
spect such return shall be referred 10
the attorney general and 81 recon-
mended by him. transmitted 20 tie Sec
rotary Of the treasury.
Stockholders May Inspect.
Second-Iue secretary of tile treas
ury at his discretion. upon aUDIfcarf0n
10 him, made. setting forth what COM
siltuleS proper showing OF cause. may
permit inspection OF the return of any
corporation by any bona fide stock
holder IN such corporation. The person
desiring 10 inspect such return shall
make application i'm writing no the Sec
rotary OF the treasury. setting forth
the reasons why ne should be permitted
10 make such inspection and SHAH al
tach 90 ms applicatiO certificate
signed by the president OF other princi-
pal officer OF Eucl corporation. counter
igned by the secretary. under the corr
pOrale seal of the company that he IS "A
bona fide stakeholder iu said COMPANY.
The privilege of Inspecting tile return
or any corporation Is personal 20 tho
stockholders. and the permission grant
ed by the secretary cannot be delegated
10 any other person.
Must Set Forth Facts.
"TLird-The return OF tle following
corporations shall be open 10 the fn-
spectaiOn OF any person upon written
application 10 the secretary Of the
treasury, which application shall SET
forth briefly and succiuCTly an OF the
facts necessary 10 enable the secretary
10 act upon the request
"tAf-The returns of all companies
whose stock is listed upon any duly
organized and recognized stock exc
change within the United States. for the
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