Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1861-09-27
The Hatteras Inlet.

The capture Of the Hatteras forts is not thu
only misfortune which the rebels experienced
last week, The loss of the forts and zoe
prisoners is aggravated by the effectual clos.
ing of the Albemarle and Pamlico Sounds to
the entrance or exit of privateers and thei,
plumber. "Hatteras Inlet was the chief and
almost sole channel of communication with
the ocean that Virginia and large portion
of North Carolina had left. Through it they
had been enabled to continue a sort Of con-
traband commerce in tar. turpentine and
rosin, tobacco and cotton, and received by
importation, or piracy, cargoes of coffee, tea,
salt, sugar, molasses, leather, dry goods,
hardware and other important commodities.
An examination of good map will show the
! immense value of the capture of the forts at
Hatteras Inlet Along the coast of North
Carolina. commencing near Cape Henry, in
the vicinity of Fortress Monroe extends a
strip of land as far south as Cape Fear. 1t
is a lor 9, low sand ridge, from one to two
miles in width. Between this strip of land
and the main land is sea or salt water lake,
called Albcmarle and Pamlico Sounds, which
extend north and south in the shape Of a
horse shoe, $50 miles. Into this crescent sAa
flow several large rivers. Each river "
a navigable bay extending deep into the
country. .,> ....
The best outlet to the ocean from this North
Carolina sea, is near Cape Hattcras, and is
now, in our hands. Our gunboats and steam
cutters can now scour every portion of those
Sounds, penetrating every estuary, bay, creek
and harbor, and capture at their leisure every
sailing craft and dollars worth of rebel pro-
perty within reach. The North Carolina
rebels are in as bad fix as we should be if
the Macinac Straits, should fall into the
hands Of the British in the event of a war
with that power, and feet Of hostile gun
boats and cutters should sail into Lake
Michigan. ...
When the grand army under General
Mcclellan takes up its march southwark, the
possession of Albemarle and Pamlico waters
will enable the feet to render it immense
service, in the way of keeping open COM
munication and supply it with food and
munitions, and # any reverse or disaster
should befal it, the feet could render succor
and relief. The capture of Hatteras in its
ultimate consequences, will more than offset
the rebel gain at Manassas. This is the most
severe blow the rebels have yet received.
INCOME TAx.-AS some misunderstanding
continues to prevail in certain quarters with
regard to the time when the act levying taxes
on incomes goes into effect, it may be proper
to repeat that it is the 1st of January next
not the first of April, 1862, as the original
draft of the bill provided. Moreover the
tax is payable on incomes received during the
present year. The forty-ninth section of the
act contains this clause:
"The tax herein provided shall be assessed
unon the annual income of the persons here.
matter named for the year preceding the time
for assessing the tax, to wit, the year next
preceding the first Of January, eighteen humid
red and sixty-two"
All persons, therefore, who, during the
current year, are in the receipt of incomes
exceeding eight hundred dollars year, must
pay their tax at the rate Of three per cent. on
the whole amount IN excess of that sum. II
is provided, however, that, in estimating in
comes, all national, state, or local taxes as
sessed upon property from which an income
is derived shall be first deducted.-Natioaol
Intelligencer.