Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-12-13


Il 4, authority was given tosraise BY
liar, 5 sam nat exceeding 6,0O0, 900 Of
dollars, and to ereste st6ck for the a.
mount, bearing interest not exceeding
tie rate &c per cent. per annuns, and
|reimbufsable at any tine after TIE exria
ration of 1a years from the 1st January
1914. The payment Of the interest
and the redemption or purchase OF this
stock, are charged upon the sinking
|filndk ~
9. And an authority was given to Isl
sue treasury notes, for a snm mt ex-
|ceediug 5000, 900 of dollars absolutely {;
with d provisional authority to issue an
additional sum of 5000, 900 OF dollars,
Ito be deemed and held to be a part Of the
|loan Of l6, 900. 900 of dollars, authorised
las above stated. TO be raised. The notes
lwere TO bearinterest at the rate OF 5 rs
dollars per cent per anpuIn, to be te-
limbursab!e at such places respectively,
las should be expa essed on the laceof their
lone year after the day on which they
ishenld be issued ITO be receivable IN
payment Of allduties and taxes laid BY
the u States, and all the public lands
lsold by their authority and the pay
tnent ofthe interest, and the redemption
or purchase OF these notes, were charged
like the fuii2ed debt, Upon the sinking
ifund;i
/ Tho necessities Of The treasury be-
looming, however, more urgent, and the
reliance on the public credit becoming
,imorc hazardous, congress determined, al
IA special session, which commenced in
May 1912, to lay the foundation OF a
system of internal revenue selecting,
lin particular, those subjects of taxation,
(which we're recommended BY the cxpe-
|rience Of a former period, and computing
their general product at the sum OF
|5,e00,00O of dollars.a The continuance
Iof these taxes being limited, at first, to
lone year alter the termination OF the war,
they acquired the denomination OF I" fhe
war taxes,'' but, by subsequent laws, al
must all the existing revenues are PIedg-
led, with The faith OF the u. States, to
lprovide for the payment Of the expences
Iof government, for the punetual payment
|of the public debt, principal and int.
lrest, according to the contracts and tor
|cfeating an adequate sinking fund, era,
IduaIly to reduce, and eventually to ex-
,ltinguisl, the public debt until those
Spurposes shall be accomplished, OF until
congress shall provide and substitute by
law. for the same purposes, either duties,
(which shall be equally productive. In
THE session Of May 1876
| 1. A direct tax of s.00O,0 ooof dollars,
Twas laid upon the q. States, and appor.
Itioned to the states respectively for the
Year 1914; and it was afterwards sub
llected to the general pledge above stat
ied.c
| 2. 4 dutY Of 4 cents Per pound, was
lIaid upon all sugar refined within tie U.
Estates. The continuance of the duty,
was limited to one year after the war;
and as the general pledge has hot been
]arp,ied to 1.-THE duty will cease on the
Ii7tifef Feb. 1864
s. A duty was. laid on all carriages,
}for the conveyance of persons, kept by
ANY person for his own use, or to be lett
Iout for hire, or for the conveyance OIL
messengers: which was graduated accor.
Hing to tie denomination of the carriage,
IRON the yearly sum of 90 dollars, to the
yearly sum off dollars. The contlnu-
lance Of this duty was originally limited
to the war ; but the general pledge has
been applied to It, with some Modification
lin the mode or laying aud collecting the
duty.
| d. A duty was imposed on Licences to
IDistillers of Spirituous Liquors, which
WAS graduated according to the capac ty|
| of the still, the time of employing it, and
1.-The materials consumed. The continu-
ance Of this duty was originally limited
Ito the war /; but the general pledge has
been applied to it, with considerable mo-
..ifcations in the principle and provi-
jsions in the law.
S. A duty was laid on sales at auction
lof merchandise, and Of ships and vessels
lat the rate of per cent. of the purchase
money OF goods, and OFFS cents for every
hundred dollars Of the purchase money
|of ships and vessels. The continuance
|of this duty was originally limited to the
war; but the general pledge has been
|applicd to it, W tn a considerable addi-
|tion to the amount, and modification of
The provisions of the law. g
6. A duty was laid on licences to re-