Spirit of the age. [volume] (Raleigh, N.C.) 1849-1865, 1861-09-04
NO. e..
The Confederate Tax Bill.

The Confederate Congress at Richmond
has passed a law levying direct taxes on
the people for the support of government
and the prosecution of the war.
The first section authorizes the issue of
Treasury Notes to theamounto of 100000
900, redeemable in six months after peace +;
and makes them legal tender in the pay
ment of government taxes and other dues,
except the export tax on cotton,
The second section provides for the is
sue of s1oo,o00 10000 of Confederate Bonds,
payable in twenty years. These bonds are
to be sold in effect only for specie or mil
itary stores, or foreign bills of exchange
They bear 8 per cent interest, aud the in-
terest is payable semi-annually.
The third section gives the holders of
Treasury Notes the option of exchanging
said notes for Confederate Bonds, when
ever they may choose thus to invest.
The fourth section, which specifies the
amount of tax article taxed is as follows:
"That, for the special purpose of pay
ing the principal and interest of the pub
lie debt, and of supporting the Govern
ment, war lax shall be assessed and levied
of fifty cents upoa each one hundred dol
lars in value of the following property. in
the Confederate States, namely Real es-
tate OF all kinds; slaves; merchandise
bank stocks; money at interest, or inves.
ted by individuals, in the purchase of bliss
notes and other securities for money. ex-
cept the bonds of the Confederate States
OF America, and cash on hand, or on oe
post in bank or elsewhere; cattle, horses
and mules; gold and silver plate pianos
and pleasure carriages: Provided, how
ever, that when the taxable eproperty, here,
In above enumerated, of any head of a fam
lily is Of value less than five hundred dol
lars, such taxable property shall be exempt
from taxation under this act and, proyi-
ded further, that the property of colleges
and schools, and of charitable or religious
corporations actually used for the purpose
for which such colleges. schools, corpora
tions, or associations were created, shall be
exempt from taxation under this act; and
provided further, that all public lands and
all property owned by State FOR public
purposes be exempt from taxation"
Provision is also made for Confederate
tax collectors, who shall proceed to collect
on the first DAY of May next. If auy State.
however, on or before the 1st day of April,
shall pay in the treasury notes Of the Con.
tederate States, or in specie, the taxes as
sessed against the citizens of such State.
less Ten per cent thereon, the collectors
will not proceed to collect in such State.
This law is necessary to support the
government and carry on the war. Eve.
ry true man-aH the women are true
will pay this tax promptly and cheerfulIy.
1T as part Of tie price Of liberty. In
paying it we support the government, we
furnish means to defeat the Yankees, we
support and sustain our brave troops in
the field, aud we purchase our liberties in
this struggle with arbitrary power Two
hundred thousand gallant volunteers are
paying their part Of this purchascin an blood,
IN a0oands, and suffering, and death; let
US pour out our money as freely as water
or the common air.