About the Book
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1872 Excerpt: ...To ParticuLar Vocations, Or Branches Of Manufactuee. 49. Billiard rooms. A person for the time being in the possession and control of a billiard table in a place or building open to the public, is prima facie the proprietor of a billiard room, and liable to pay the special tax therefor, even if the general property and the ultimate control of the table, or place, or either of them, be in some one else. Dut. of Oreg., 1871, United States v. Howard, 13 Int. Rev. Ree. 118. 50. Bankers and brokers. A person who, having a license as a banker, under subdivision 1 of section 79 of the internal revenue act of June 30,1864 (13 Stat, at L. 251), receives stocks, bonds, &c, for sale for others, and sells them, charging the customary compensation, as a banker, and also loans money on stocks, bonds, &c, and sells such securities on account of the borrowers, and deducts from the sales the money loaned, with interest, and the customary charges as a broker, is not liable to the tax of l-20th of 1 per centum, monthly, on such sales, under section 99 of the act, which imposes such tax on brokers, and bankers doing business as brokers. 2nd Cire. (JV. T.), 1866, Clark v. Gilbert, 5 Blatchf. 330. 61. A person who purchases in his own name stocks, bonds, &c, for others, and advances his own money, and takes the transfers in his own name, and holds the stock, bonds, &c, as security for the repayment of the money, and on its repayment, delivers the securities as per agreement, or in default of repayment, sells theui to reimburse himself, and who also purchases and sells stocks, bonds, &c, for others, under certain stipulations as to risk, losses, and profits, is doing the business of a broker, and is subject to such tax of l-20th of 1 per centum, monthly. lb. R...
