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


TO be reimbursable at such places respectively
as should be expressed on the face Of them, one
year sfer the day on WI CHI they should BE- iss,r-
ca; to be receivable in payment of all dutiesyHpd
lakes lad by the United States, and all the n,M.
TIC lands, sole by Their authority ; and the nav.
hehl OF the interest, and The redemption or. NJ
ehise OF these notes, were charged. Ike the
FUNDED debt, upon the sinking Fund.
ihenecessitles OF the treasury becoming. how
eves more urgent, and the reliance on the public
cfedi. becoming more hazarda1s, Congress eieter-
mined at special session, which commenced :,
MAY 1918, to lay the foundation of a system os
internal revenue selecting, IN particular. those
| SUBJECTS OF taxation, which wee recommend y
ny the experience ola former period and co.,,
Putlls their general productst tlie sum of CJ0o.
VOo OF dollars. q. The continuance OF tI1ase 80,
Is beng limited, at first, to ono yesr of,e,.
the termination of the war, they aco,r,reJ
the denomination of "the war taxes ~ b,i, h..
subsequent laws, almost all the existing revenues
are pledged, with the faith of the United sat-
TO ProVlde Tor the payment ofthe expences of go.
vernment' Tor the PuEctual pay ment Of the nHb.
~ aeos, Prliicpal ana interest, according 10 the
contracts and for creating an ADEQUATE sink;ng,
Iaiiii' gradually to reduce, and eventually 10 aT
t1nSuish The public deb: until those purpose,
snail De accomplished, or until Congress- shgII
Pro'iae aud substitute by law, for tie Same p,r.
poses, o'her duues which shall be equally pros
drctive. In the SESSION of May 1913.
|, direct tax of 1000, 900 of dollars v,as ta;,7
upon the United States, and apportone,l 40 tbs,
states respectively for tie year 1914 and il wo.s
afterwards subjected 10 the general pledge above
SCAted. c.
2 duty OF cents per pound, was laid unoo
al sugar reimed within the Un.ted STATES The
continuance of the duty wa, hml,e ell IN ono ,,oa,,
dter the War and as the general PLEDGE has oo,
oeeh applied 10 1t, the duty will cease ON die l7tI
OF Feb. 1910 d.
s. duty was laid on all Carriages. for thu.
conveyance ofpersons, kept by any person fur he
own use or 10 te let out for hire or for the con-
'eJ Shce OF passengers which was % sdu led
Sccordlug to the denomination of the Carriage.
from the yearly sum OF twenty dollars To the IT,
ly sum OF t~o dollars. The continuance of lbs
DUTY was originally Limited TO the war; but tba.
general pledge has been appl ed to H. win same
modincauon N Tie mode OF aymg and olect,pf.
The duty. e. "a
d duty was imposed on licences to DistiIIrr,.
on Splfltuuus Liquors, which was gradua ed ac-
cordinS TO the Capacity OF the sui he me Of
enpioyiTS 1t, and the materials CONSUMED. II
continuance OF tins duy was Originally Irr,1aJ
70 uie "ari but the general pledge has been aD-
Pi'ed 70 IL, with considerable mod iications IN
the PRINCIPLES and provisions OF the law f
D. n duty was lad ON sales az auction OF NOR
c'cluile, and OF ships and vessels az the PIE of,
per cent. OF the purchase money of Goods ony
- 1870" 4NA S'Stg dollars "a
chase MONEY of SHIPS and vessels. TIN. co,,,;n,,
ance OF this duty was ORIGINALLY limited in the
war outline general pledge mas been auDl,ad Ia
IL with considerable ADDITION 10 me arno,,r,-
AID modification OF The proyis ons OF me ,,,, 9.
o duty was tald Ola Licences 10 re a lers 20
vines sp'r'tu luS liquors, and foreign nercLan.
q re, graduated according to the place of re,aII-
ing, and the nature OF The art,cle retailed Tn.
continuance OF tins du.y was originally l,n;,eJ 70
the war ) but the general pledge has been applied
TO tn, @FF"-N-
z. duty was laid on notes of banks and hank.
ers on bonds, obligations or peomiss9rv notae
oiscouhled by banks Or bankers and on FOREIGN
OF ihia"o Dihs OF exchange above 50 dollars, and
having one or more endorsers graduated accor-.
ding 10 the nominal amour, OF tie instrument =.
Inc continuance OF tbs duty was limited To one
year after the war; and the general pledge has
no. been applied to II, lac Guty wu cease on tba
18th Feb. 1916
But besides the direct tax and the internal dus
sres' ulere were added to the resources OF the
treasury during the sessions Of Nav. 1919
9. duty OF 20 cents per bttsheI UPON IN sale
imported from any foreign place MO the United
states which beng united TO the war, and
not BENG included IN the general piedt e, v,ll
cease on the l7th February 1916 K
9. And an authority to raise a loan not exceed.
ing 100000 dollars, a 10 create Stock for he
amount relmbursabie at any time alter The exp,ra.
tion OF Twelve years from the 1T JANUARY 1914.
The rate OF interest not limi Ell by tlIe law =
but It was provided hat ceitGcate of stock
should be sold at rste ies5 than 80 Der cent. or
80 dollars IN money for 100doilars m stock. The
payment OF the interest and tile redemDtion M.
The purchase of tbs stock are charged upon tue
Sinking Fund ~
The sources of revenue thus opened in 1912.
could not, however, be expected 10 aid the Tree.
sury until 1914 and, accordingly, IN the annual
report from this Department dated the 8th of
January, 1914, neither the direct TAX, nor the in
ternal duties, will be found as an item of the &c.
tual receipts into The 'fr,ss'r during The year
ending the 30th of September, 1918 The amount
OF those receipts was stated, N nc proceeds Of
the customs, Ofthe sales OF public lands. &c. At
l3,56S,O42 dollars 43 cents. and IN ile proceeds
OF loans and res Try notes AZ z3,976912 dollar.
90 cents, max 6 ogether 30,9OI on dollars 6z
cents; and the actual Disbursements Of the same
period were stated at 32,929, $50 dollars ~ cents
independent Of the balances IN the Treasury. az
the commencement aud the close OF lie yesr.
(") But the estimates Tor the yesr 1SI gequD ca
sum OF 45,35D,JOO dolars