The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-08-21
Rirbmon1 pispatch.
WEDH ESSAY mOariHo. AUG. Il, 1881
FINANCES OK CONFEDERATE C0TkRNMKNT

L
A BILL to be entitled an IL! to Authortse tls
Tssug or Treasury nUteS s7@1 to ProUtde a
Mar Tar for .beir Redemption.
SEC l. Tne Congress oI the Confederate
States of America do en.tc5 that the Sacrs-
tary OF tho Treasury De, ami lie is hereby az
thor 1ed from titne 10 me, ah the public Ne
cessi lies may require, 10 isspa Treasury notes,
rayapla 10 bearer, at the expiration OF ak
months after the raniication OF q treaty ti
reaca between the Confederate states and the
initial Etate.; tne said Eotss to be Of any de-
rnination not lass Than i've doiiars, and to
be "a a-issuable al pisaStl$, UG4tii t1e same Are
paysbIe but the "hcie issue outstanding 1T
one time, including the 8-lJnnt ISSUED under
former aGts, shall not 0xceeo one hundred
millions of dollars the said notes shall be
receivable ia payment of tae war taZ here-
in fatar provided, and of ali other public dues
sxuept the export oULy On cotton, and shall
also De received IL Payment OF tne sub, Grip
ton. OF the net pT0cseds OF sales OF raNI pro-
duce ana Ir snufac cured articles.
$40. z. That, for t~e purposs Of funding lie
ssid notes, and fer misiSg rAcnanSs lor tae
proc Csels Of the sai3 or law prodCCa and lIiGits~
factnred articles .oT G0r the pui ha5e OF sIep i5
or military ztcfas, L;le Secretary CT thu f'reas-
ury, With -. It ul tie President is sutL u.
i4ed t. Issue boEds, nayGbie not NOR th I'll
twenty years aiter dalD, :.Ad beariCg q !GL0 o.
interest not sxceeaiD6 eight per ce. tam .laf
anaL.a until they bseun3e payable, the In tGE
as 20 &c paid SEM -GAA aaiiy; LEs said boz us
not 10 exceed IL Tie whole one hundred nil
lion3 OF DO lar5 sad t. Je dseln6d s2Ds tltaGe
FOR tlirtv millions of the b0Los au thorlZsl. 10
De isaaeu by tbs acE approved ETY. IS, Is6i >
and tLis aCt 10 10 be decLassi revocation L,
tie gu thol9tY 20 is ue ta said thirty mill ms
Tho said bonds shall no. BE- issued IL less sums
taau one hCuG- eG dollars, Hc- III .rai t!on&i
parts OF a. hu-dIed, except WTleu the s:hscrip-
tion is less than Cne hundred dollars. tho slllo
bonds may be iSSuel IL Gums or nIty dollars
rney Iaay be sold tor specie, military and
ns val stores. or Tor the proceeds Of Ia ~ pro d.
,1IIf q IN s,al
manner aS is provided By toe act aforesaid
and Whenever euoScri pLioAis OF ths saue nave
been, Or shall be made payGoie at It particular
date the Secretary OF the Treasury shall rave
power TO ex tend th8 line OF sales until sUca
date as he snail see IL 10 Indicate.
SEC J. The holders ot the said Treasury
notes may, RI any tme, Ge4GaIla Ii eXcLaLEe
for their bonds OF the Confederate States, DC
corSing to .Bch regulations as may be uaGe
bv the secretary CT the Treasury. But Whea-
ever the tSecre Lary ct the Treasury Sash ad-
vartise that he VIII pay oil any portion OF lha
said Treasury notes, tnen lie privilege vi
funding as 70 such notes snail cease, uuls os
there shall De d iaIiure 10 pay the same III
specie Oh pIesen ~ t1Cp.
SIC 1. That, ter tie specla! purpose nt pay
lag the principal a.-.d Interest OF the pU blic
deb and Of supporting the Government, u
v;sr tax shall be assessed aud levied Of III ~
ceL IS upon each one hundred dollar. in value
Of the follow AR property III tee ContedeTa ~
States, namely Real estate Of ali Kinds J;
slaves merchandise, bank stocks railroad
and o ther CORPORATION stocks money ~ in
teFest or invested by iEdiyllu IS III the pIir-
chase OF bills, notes, aEG Cth,r securities tor
money, except the hs1ds CT the ConleaerIte te
States OF America, and cash on hand, Or On
decosit in bank CIR elsewhere C&ttie, horses
and mules gold watches, gold and silver
plale pianos ard rleasure carriages Pro-
ytded hoioever, That Wnen the taxable prom
erty, herein above enumerated, OF any mead
Of family is OF value less than i've hundred
dollars, such tazaoie property shall De ez
en- pt from taxation unGer this act and pro-
y,ded further, That the property ct colleges
and schools, ana OF charitable or re. gi0I.s
corporations OF associations actually used Tor
the purpose Tor which such colleges, schools.
corUcratioNs, or associations were created,
shall he exempt from taxation under this act
And prou ideet, further. That all public lands
ssd all properly owned by g State Tor public
purposes b. exempt from taxation.
SEC 5. That for the purpose OF GScer tai iii z
ali property inClU ded III the Dove classes a..I
the yalue thereof, and the person chargeith e
with the tax, each state shall Cunstitu tute q.
tax division, over which shall be apeoin cd
one chief collector, who shall be CHARGED win
the duty of dividing the Sta te inLo 8 COVE
nient II nm ber of collection districts, subject
TO tue reyisal Of the Secretary OF the Treas
u-y Ihe said collector shall be arp0ir ted ty
the President, ani shall hold his ottice icr ous
year ana receive salary OF TWO thousand
dollars He shall give bond, with securities
to discharge the duties OF his office, III such
amount may be prescribed by ths SeCTe
tary of the Treasury, and shall take oath
f,,ithtaIIy 10 discharge the duties OF his Office
and TO support and Gefend the Constitution
The said chief collector shall, Wi th the ap.
probation Of the Secretary OF the Treasury
apsoint & lax collector for each collec tion dis
trict whose duty il snall be to cause an as
sessment TO be made, on or before the first day
OF November next, OF all the taxabe prom
erty in his district, included in each OF Lr.e
above mentioned classes OF property, and the
persons then owning or in possession they eof;
and in order thereto, the said tax collector
NAV appoint assessors, who shall proceed
through every part OF their respective dis
tricts, and. after public notice, shall require
all persons owning, possessing, or having the
care and management or any property liable
to the tax aforesaid, to deliver written lists
of the same, which shall be made in such
manner SIS may be req uired By the chief col
iector, and, as tar as practicable, coufOrma bic
to those which may De required for the same
purpose under the 0u tEoriLy OF the respec tive
Sta !es and the said assessors are authorized
TO enter into and upon ali aud singular The
premises for The purposes reqoired by this
act.
SEC. 8. II any person shrn rot be prepare d
to exhibit a written list when required, an d
shall consent 10 disclose the particulars Of
taxable property owned or possessed by him,
or under his care or management, then it
shall be the duty OF the officer to make IN g
list, which being distinctly read and con =
sentei TO, shall be received Us the list Of such
person.
SIC = That If any person shall deliver or
disclose IA any collector or assessor appointed
in pursuance Of this set, and requiring q list
IS aforesaid, any false or fraudulent list, With
intent TO defeat Or eyGde the valuation or
enumeration hereby intended 10 be made, such
person go Offending shall os fined IN a. sum
not exceeding Ave hundred dollars, 10 be re-
covered III any Court OK competent Jurisdic-
tlon.
Sso. S. Amy person who shall tail TO deliver
to the coi!Gc tor OF assessor iist 81 mis- tS1l-
BILE property 1t the time prescribed by him,
shall De Liable to 3 double tax upon all his
taxable property; the same TO be assessed by
the collsc tor or a sessOr, and 10 be cole cted
in the same manner and by the same process
as Is herein provided as to the single tax.
SEC. s. The lists shall be made III reference
TO the value and situation OF the property ca
the first day of October next, ana shall oe
made out, completed and delivered into The
hands OF each OF the taX collectors, on the first
day OF December next and upon the receipt
thereof, sach tax collector may, for twenty
one days next ensuing the said first Deem Der,
hear and determine all appeals from the said
assessments, as we'll as applications for the
reduction OF q double tax, when such tax may
have been incurred, to 4 single tax which de-
termination shall be final.
SEC. 10. The several tax colIec tors shall, on
or before the first day OF February ensuing,
furnish 20 the chief collector Of the State in
which his district is situated d correct and
accurate list Of ali the assessment Is made upon
each person in his district, and Of the amount
OF tax to be- paid ny such person, specifying
each object OF taxation; asd the said chief
coilec tOr shall colia:e the same IL proper form
and forward the collated lists TO ths Secre tary
Of the Treasury.
SAc IL. The said several collectors shall, cn
the first day of May next, proceed to- collect
from every rerson liable for the said tax the
amounts seyeraliy due and owing, and ha
shall previously give notice for twenty days
in one newspaper, If any be published in his
district, and by notifications in al least four
public places In each township, ward or pre-
cinct within his district, OF the time and place
al which he will receive the said tax; and on
failure TO pay the same, 1t shall be the duty OF
the collector within twsaty days after the
hrst day OF May aforesaid, by him self or his
deputies, to collect the said tax by distress and