Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1815-12-16

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which had scarcely surmounted the FIRST sirusyle
ior eslstence, yielded 10 the patriotic Impulse ::
Aud 'he capital OF Individuals, IN all its variety
OF form, offered ready tribute 20 relieve the ne
csssities OF The country Thus, during the ses-
SON wfeh com1iencei in September 1914, and
closed on the 5rd OF March, 1915,
!. The following internal duties were increas-
ed IN their amount; the duties were rendered
permanent; and the general pledge was applied
to them
l. Inc direct tax was raised TO an annual sum
OF SIX millions of dollars and it was extend.
ed to the district of columbia
~' Inc duty on carriages was raised, and a du :
W on the harness was added.
). The duty on licenses to d,stillers of spirit,,.
Gus liquors was continued, and duty on the
spirits distilled was added.
a. The dut es on sales at auction. and on l;cen-
Ses to retail wines, spirituous liquors, and
foreign merchandise, were raised
,. Inc rates OF postage were raised to so per
cent.
=. The following new duties were permanently
lad and the general pledge was applied to them
hut II was at the same time declared that SO long
AS the duties imposed ON the articles of tlones g
manufacture should continue to be laid. the du.
nss then payable on the like description of goods
imported INTO the United Stare, should moi be
discontinued or diminished.
l. Dut.es on various articles manufactured
or made for sale, within the Uni ed States
or their territories, specified IN the an
nexed table marked T.
Z. Duties on articles in use to wit
/. On household furniture, thevalue in any one
ismlly, with certain excepuons) exceed
ing 200 d liars in money, accordina. TO !.
scale graduated from dollar on n value
OF 400 dollars, to 100 dollars on 4. value OF
5000 dollars
On every gold watch kept for use, dollars.
YIN every silver watch kept for use, dollar
but besides establishing these sources ofreye-
n l land DINERS were contemplated at the period,
Wren the treaty Of Client was announcedO con
Sress sought to confer upon the treasury The
means oil antic psting the collection of The duties
ol recovering the Sunctuaiiiy of its payments
and OF inviting thSco-o peration Of the mon ed in
stitutions and monled men of the United ates
an plans Tor restoring an uniform national curren.
cy. WIN these views various measu, es were
sanctioned.
l. An authority was given TO raise bv loan q
sum not exceeding 3,OO0;OOJ ofdolllrs inart;cn,
iariy destined to provide foy the expenditures of
tle last quarter OF the year 1910 and to create
STOCK Tor the amount, reimbursable at any i'm,
ai'er The Dist Of December 1914 No Ii-n;r,.;o,,
was prescribed as 10 the rate of interest mr. tb
price OF the stock, but IL was declared. that IN
ylheat OF me subscriptions 10 tiiis loan, or to
loans authorised by any other act of Congress- :.
should be lawful 70 receive treasury ne, 90 he
coming due,on or before the LIST of January. 1915
at their par value, together with the inte,es, e
crued COT &c
me payment OF the interest, and the redemp.
ton, or the purchase of the stock 10 be th,s cre
ated, were charged upon the snkinl, fund b,,
nc ACT contained these further assurance: Is
inSt N addti to the annual sum of 100000
VI collars heretofore appropfiated~to the sink N.
Iui'u, adequa'e and permanent funds should l.,
provided and appropriated, during the session %
congress, Tor the payment OF The interest, anc
the reimbursement OF the principal of the stock
Ana &diy That an adequate and permanent sink
ing fund, gradually to reduce, and eyen;,,alIv 70
exiinguish the public debt, contracted during The
war, should be also established during the same
session OF Congress
Z. An authority was given to anticipate the col
lection and rece. pit of lie dut,es on license ~
dlstillers OF sPirituous liquors, and on,dIst,llef
SPIRITS by obtaining loan upon the pledge OK
duties, TO an amount not exceeding s. 600 O0O|
OF dollars, and at q rate of interest not exceed
ing SIX per cent, per annum, and similar al,
uority was gwen TO raise a ike sum, at the same
rate, by pledge of direc, tax.
:. =. An authority was given TO issue Treasur,
N"'es' Tor go much OF The sums authorized 10 b,
borrowed under the acts of the 2Ath of Marcl,
ana the 15th OF November, 1914, as had not beer,
borrowed, or otherw sc employ ed in the issua nd
treasury Notes. provided, that thewhole arnoult
sEouid not exceed the sum OF z, So, 900 do,iats
AHu Dy the same act an authority wa also ., ven
70 ISSUE further sum of 100000 dollars. l.,
supply deficiency in the appropriations for tbe
expenses OF he War ID partment The Treas,,.
NoiesIssued under these authorizes wer, in al
respects similar TO the PRIOR issues Of Treasur,
Noes, except that the payment of the ME, es,
ana the reimbursement of die principal were oot
as heretofore, charged upon the sinking fund bu
upon any money IN the Treasury, MOI Otherwise
appropriated
q. An authority was given TO issue and reissue
ireasuty Notes for a sum no. exceeding 25.OJO
OoO 81 dollars, upon principles essentially dlffeT.
en- from the PRIOR ISSUES
1. These l'reasuiy Notes might be ofany demon,
nation. Il they were OF a deuom ma. ION H..
uan 100 dollars, they were 10 be PAYABLE /,
t'e bearer, to be transferable by delivery. ana
TO bearno crest. THIS demon nation :. =, 80.
CURED the des gnat,op OF small Trea,n,,
Notes" Ifthcy were OF the denomina, on q,
10 dollars or uPwalds, They might conform ,o
the foregoing DESCRIPTION o. they were Z, be
payable 70 ordcr, 10 be TRANSFERRED & b, endorse.
ment, and 10 bear interest at the rate 81 ! o.
per cent per annum. THIS denOmina on (of|
which only notes for 100 dollars bear.nq n, =.
rest, have been ssued1 have acquired Ike de.
-S'gneiion OF " Treasury Notes Of me ew ems.
SON.
The principal and inte. est of these Treasur.
Notes are not payable I any particular tI.e.
but the Notes are every whore receyable. i,
all payments 20 he Unned States.
8 The holders of g small Il etsury Notes'' M,