Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1861-10-02
] ne Standard
Ia, Bill, of the Confederate Government.

Treasury Notes, and to provide a Kar Tar for
their redemption.
SEC. l. The Congress of the Confederate States of
America do enact that the Secretary of the Treas.
ury be- and he is hereby authorized, from time to
time, as the public necessities may require, to issue
Treasury notes. payable to the bearer, a: the exPi
ration Of six months after the ratification of treaty
Of Peace between the Confederate States and the
United States: the said notes to be Of any denomi'
nation not less than five dollars and to be re-'ssua
BILE at pleasure, until the same are payable; out tne
whole ISSUE outstanding at one time, Incluaihg ms
amount issued under former acts, shall not exceeo
one hundred millions of dollars the sara hotes "
be receivable in payment of the war tax hereinafter
provided and of all other public dues, except the
export duty on cotton and shall also be received IN
payment Of the subscriptions OF the net proceeds Oh
raw produce and manufactured articles .
SEC. .. That for the purpose of funding the said
notes. and for making exchange for the proceeds OF
the sale of raw produce and manufactured articles
or for the purchase of specie or military stores the
Secretary of the Treasury with assent of the Presl
dent is authorized to issue bonds payable no. more
than twenty years after date and bearing rate OF
interest not exceeding eight per centum per annum
until they become payable, the interest to be PAID
semi-anDualy; the said bonds not to exceed in the
whole one hundred millions Of dollars, and to be
deemed substitute for the thirty millions OF the
bonds authorized to he issued by the act approved
May 6, 1851; and this act is to be deemed revoca-
ton Of the authority to issue the said thirty millions.
The said bonds shall not be issued in less sums than
one hundred dollars in fractional parts of hun
dred except when the subscription is less than one
hundred dollars the said bonds may be issued in
sums of fifty dollars. They may be sold for specie,
military and naval stores or for the proceeds Of raw
produce and manufactured articles, in the same man.
ner as is provided by the act aforesaid; and when
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made payable at any particular date, the Secretary
of the Treasury shall have power to extend the
times of sales until such dates as he shall see fit to
indicate.
SEC 3. The holders of said Treasury notes may,
at any time demand in exchange for them bonds of
the Confederate States, according TO such regula-
tons may be made by the Secretary of the Treas
ury. But whenever the Secretary of the Treasury
shall advertise that he will pay off any portion of
the said Treasury notes. the privilege of funding
to such notes shall cease unless there shall be fail
ure to pay the same in specie on presentation.
SEC. t. That for the special purpose of paying the
principal and interest of the public debt, and OF sup
porting the Government war tax shall be assessed
and levied of fifty cents upon each one hundred dol
lars in value of the following property in the Con-
federate States namely Real estates of all kinds
slaves, merchandise, bank stock, railroad and other
corporation Stocks money at interest, or invested
by individuals in the purchase of bills, notes, and
other securities for money Except the bonds Of the
Confederate States of America) and cash OH hand,
or on deposit in bank or elsewhere; cattle, horses
and mules; gold Watches gold and silver plate;
pianos and pleasure carriages; Prorided, however,
that when the taxable property, herein above emu
merated Of any head Of family is of less value than
five hundred dollars, such taxable property shall be
exempt from taxation under this act; ara pr0cided
FURTHER, that the property of colleges and schools,
and Of charitable or religious corporations or asso
Citations actually used for the purpose for which such
colleges schools, corporations, associations were
created, shall be exempt from taxation under this
act; and prouidsd further, that all public lands and
all property owned by q State for public purposes
be exempt from taxation.
Sec 8. That for the purpose of ascertaning all
property included in the above clauses and the value
thereof and the person chargeable with the tax,
each State shall constitute tax DIVISION over which
shall be appointed one chief collector who shall be
charged with the duty ofdividng the State into
venien number of collection districts, subject to the
revisal Of the Secretary of the Treasury. The said
collector shall be appointed by the President and
shall hold his office for year, and receive sal
AIRY of two thousand dollars. He shall give bond
with securities to discharge the duties of his office
in such amount as may be prescribed by the Secre-
tary Of the Treasury, and shall take oath faithfully
to discharge the duties of his Office and to support
and defend the Constitution The said chief collec-
tor Shall with the appreciation of the Secretary Of
the Treasury appoint tax collector for each coec-
ton district, whose duty it shall be to cause
sessment to be made, on or before the first day of
November next Of all taxable property in his dis
trict included in each Of the above mentioned class
es Of property and the persons then owning in
possession thereof; and in order thereto, the said
tax collector may appoint assessors, who shall pro-
reed thrOupi 0f their AiS
and after public notice, shall require all persons
owning. possessing or having the care and manage
ment OF any property liable to the tax aforesaid to
deliver written lists Of the same which shall be
made in such manner as may be required by the
chief collector, and as far as practicable conforma-
lie to those which may be required for the same
purpose under the authority of the respective Staes
and the said assessors authorized to enter into
and upon all and singular the premises for the pur-
poses required by this act.
Sec 6. If any person shall not be prepared to ex-
hbt written list when required, and shall consent
to disclose the particulars Of taxable properly owned
or possessed by him, or under his care or manage
ment, then it shall be the duty of the officer to
make the list, which being distinctly read and con-
scented TO- shall be received as the list of such per-
son.
SEC. I. That if any person shall deliver or dis
close to any collector assessor appointed in pur-
suancc of this act and requiring list aforesaid
any false or fraudulent list, with intent to defeat or
evade the valuation or enumeration hereby intended
to be made, such person, offending shall be fined
IN sum not exceeding five hundred dollars, to be
recovered in any court Of competent jurisdiction.
Sec. s. Any person who shall fail to deliver to the
collector or assessor list Of his taxable property at
the time prescribed by him shall be liable to don.
bic tax upon all his taxable property: the same to
he assessed by the collector assessor, and to be
collected in the same manner and by the same pro.
cess as is herein provided as to the single tax.
Sec. g. The lists shall be made in reference to the
value and situation of the property the first day
of October next, and shall be made out, completed
and delivered into the hands Of each of the tax COL
ectors the first day of December next; and upon
the receipt thereof, each tax collector may for TWEEN
ty-one days next ensuing the said assessment, as
we'll as applications for the reduction of double
tax, when such tax may have been incurred. to q
single tax; which determination shall be final
Sec 10. The several tax collectors shall, on O,
before the first day of February ensuing furnish te
the chief collector of the State in which his dstrc
is situated correct and accurate list of all the as
easements made upon each person in his district
and of the amount Of tax to be paid by such person