Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1861-08-21
THE RICHMOND WING.
THE PUBLIC FINANCES OF THE CONFEDERATE
GOVERNMENT

A Bill 10 be entitled an Act 10 an,hcri,s the Issue o.
1rsaslry Notes and 10 Provid, Var Tar for hsii
Redemption. q
Sscnos !. The Congress Of the Confederate States O
America do ensc. that the Secretary OF the Treasury be
ard he hereby authorized from tune 10 time, as ths
public necessities may require to ssue Treasury Notes
pay able to the bearer 1t the expiration Of ak month,
afer The ratification Of Treaty Of Peace between ID,
Confederate States and the United States; the said nots
10 be d any demo mutation not less than five dollars ant
TO be resusble at pleasure until the payable
but the whole Issue dug time including
the amoubt issued under former Acs shall not exceed
one hundred Millions Of dollars; the said notes shall bs
receive bic In payment Of the tax hereinafter pro
yded and OF all other public dues, except the export
duty on cotton and sha also be received In payment
the subscriptions Of the nett proceeds Of sales of raw
produce aud manufactured articles.
Ssc That for the purpose Of funding the said notes
ard for making exchange Tor the proceeds OF the sale 81
raw produce and manufactured articles or Tor Tbs pu
chase OF specie military stores the Secretary OF the
Treasury With the aren't Of the President is suhoIz to
issue bones payable not more than twenty years Aft
date and bearing rate Of interest not exceeding eight
Der centum per annum until they become payable, the
inter- 81 s paid stmsnnuay; the said bonds nos 70
exceed In the whole hundred millions OF dollars, and
10 be deemed substitute for thirty millions CT the bonds
authorized to be Issued by the act approved Nay TO-
1851; and this act il TO be deemed revocation OF the
auth GRITTY ID issue the said thirty millions. The std
bonds shall not be Issued in less than hundred
dollars nor in fractional parts Of hundred, ercsp'
when tie subscription Is less than one hundred dollars,
the said bonds my be issued in OF fifty dollars
They may be sold for specie military sud naval stores
or for the proceeds OF produce and manufactured
articles in the manner !, provided by the act
aforesaid and whenever sub 'crphons Of the same have
BEEN or shall be made payable At particular date, the
Secretary of the Treasury shall have power to extend
the time of sales until such date as he shall see ut to IL
dicate
SIC 3 The holders CT the said Treasury notes may,
at any time demand in exchange for them bonds OF the
States according TO such regulations ~ ms
be made BY the Secretary ef the Treasury. But when
ever the Secretary Of the Treasury shall advertise that
he will pay of any portion Of the said Treasury notes
then toe privilege Of funding to such notes shall cease
uness there shall be failure to pay tie same in specie
on presentation.
sac 4. That for the special purpose of paying the
principal end interest Of the public debt and Of support
ing the Government, = war tax shall be assessed and
levied Of fifty cents upon each one hundred dollars in
value of the following property in the Confederate States
namely: Real estate Of all kinds; slaves; MERCHANDISE
bank stocks; railroad and other corporation Stoke;
money at interest," invested by individuals in the pur
chsse of bills nocs and other securities for money,
ccpt the bonds CT toe Confederate States oil Amer n,
and cash on hand, or deposit in bank elsewhere
cattle hors ID and mues; gold watches gold and silver
pate pianos and pleasure carriages PrOgdsd, however
that when the ta1ebe property herein above enumera
ted OF auy head OF family is Of value les than tive
hun dollars such taxable property shall be exempt
from taxation under this act; and provided Jtrr that
the property Of colleges and schools and OF charitable
or religious corporations associations actually uaed
for the purpose for which such colleges schools corpora
lions or associations were created shall be exempt from
70 ltion under this act aud prOpidsd further that oil pub
lie lands aud all property owned by STATE for public
purposes be exempt from taxation.
SEc S. That for the purpose vi sscasaining all pro
oery included in the above classes and the value there
Of aud the person ehargeab,e with the lax each State
shall constitute tar division, over which shall be 40
poutei Que chief collector, who shall be charged With
the duty Of dividing the Stale into convenient num-
Der Of collection Districts subj 10 the reysal oil the
Secretary Of the Treasury The said collector shall be sp
pointed by the President aud shall hold his ofef -,
year, and receive salary OF s Tsabarge the dunss
lie shall give bond Nib b1I =, NAV be CscPbed BY te
o. tsry VI the Treasury aud shall tate oath faithfully
10 charge The dules Of Lis .ce, aud 10 support and
defend the Constitutions. TIE said chief collector shall
with the appreciation Of the Secretary oi the Treasury
appoint Ia, collector for each collection district whose
duty shall DC 10 eaLSo assessment 10 be made Gu
or before the first day OF November next Of all the Ia
able property in his district included 10 each Of the
above mentioned classes of property and the persons
then owning 10 possession thereof aud In order
thereto the said tsI collector may appoint assessors
WHO shall proceed through every part Of their respective
districts and after public notice. shall require all per
sons owning possessing having the care and man
agemeut vi any property Ase 10 the tai aforesaid 10
deliver written lists Of the same which shall be made IN
such IuGnn, may be required BY the chief collector
aud as far practicable, conioimable TO those which
NAV be II qued for the purpose under the auhor
y OF the respective statee anu zoe s4d assessors ats
authorized enter into aud upon all aud singular the
premises for the purposes required BY this act
SEC o. IL any person shall not be prepared to exhibit
written list when required anu s's consent " ueioss
the particulars Oh a'sp'e property VI
BY him. or under ms care VI 'ueu siA
be the duty Oh sae S'er 70 a.e he "s s",Sn DC
ing aishneoy ,eau anu ''H'en'' W. '"A 's -
s IT,, e snv narson shall delvsr mr. isclc.. N
anu oscor or assessor amounted 10 pursuance of this
IA rso,,rg a Ist az aforesaid. sny false or fraud
nsn, L., x,b inten, 10 deea. or eyads In. valuation O,
49,, ,;a ha-.Ly ;,,sndad IN no made snch ,ersou
- nssn5na shsIl hs 6ned In sum not exceeding 6yr
sssaS iIi,sr n, ia recovered in snv court of comne
NV, ;u.;S,Wo,;nn "
''S, sn~ s,so, Win shall fail IN dsuvsr n 1,
iaa,o - ,osssos Ia, or ria ,avable n,ono,,v A n
.o''NS v, - L.; at,u y. G,hs a. = dnnh,. % ,
Pn .n,ar,. ,bs ana IN no sssosasd n,
uP'n az NJ 80 - cnisc,sJ T. ,hs ~ -.
ue na =, dc roccs. az bsysin nrovdss =.
mauuoI auu '! '1' '"' " ~' r'O''N &c
!" s ,ue aaus NC u - .o,..u,.. j.. a.,
o. 80 ~ $500 ~ ,hs Grs, d. 80 o,oha,
hu o. ua,v Va ~ W. - .io,J "a y,IS =;
Inu ~ 81. oneco,s ~ ,Sa g., A.,
naos y. 81 -, ,ls -, ,ha,aaS - =.
i.o.o 20, ,.ons Jsvs nsrt srsnn. the .a;I
o. nSt ~ Js,erm;rs a. snns.s c.nr, ,hs
lrs, peoenoe al y. a,,iaa,,ns sil t~ Wv
sa'a s"oh ~ 'nSs Isv. 49, ;uo',..sd
uou1'e "A' 80 S.s.i., Ln -
10 Sngi' ui' WHICH ue'e'r'iuA'on 'ua" 'e nna''
SHc To- The several Tax collectors shall, on or beort
the first day OF FEBRUARY ensuing furnish 10 the chief col
lector Of the State IN winch MS District situated cor
and accurate list OF all the assessments made upor
each person 10 bis district ana Oh the amount o. tax
he paid by such persons spsonyng escn tIa
non ana me saia caiel coeS'or snai s''se 'ne SAM
in proper form ana FORWARD tue eoated iss 70 'he sec
retary OF the treasury
SEC H. The said several collectors SHALL ou the frs
day Of May next proceed 10 collect from every persoI
liable for the said tax the amounts severaly due ant
owing, and he shall previously give notice for twen:,