Under these several provisions it is held that when the pub- ^^^^^^^\
lisher of any boi>k, magazine, pamphlet, review, or other similar right, daei
printed publication, is the owner of any copyright stereotype "n™"'**'"
plates, and carries on the business of printing and binding books,
he is to be held and deemed the manufacturer, and as such must
take license, and pay the tid valorem duty on the amount of his
sales ; but if the publisher, though owning the copyright, the
stereotype plates, and furnishing the materials, employs other
parties on coimnission, or by contract, to print any book, maga-
zine, &c., such printer may be held to be the manufacturer, and prfntori
required to pay the tax on the value of the finished book, in case ^""^
the same is bound and finished by the printer. In such case lie
is entitled to collect the amount thereof of the publisher or

If the printing is done by one party, and the binding by an-
other, under contract with the publisher, then the printer may be
.assessed for the value of the printed sheets or signatures, and
the binder on the increased value, which increased value must be t»x on ii
determined by deducting from the trade prices of the publisher JJ^^^ '"
the cost or value of the printed sheets or signatures previously
■ ■ a tie hands of the printer.
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INTERNAL REVENUE.
In either case, whether the tax is assessed to the publisher oq
the finished book, &c,, or primarily on the printed sheets or sig-
natnres, and afterwards on the increased value from biadiag and
finishing, the assessment must be bo made as to cover the trade
value of the books, magazines, pamphlets, reviews, &c., and not
simply the cost of production.
