Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1861-10-09
The War Tax Act.
IN act to authorize tue issue Of Treasury
Notes, AMI To provide a war tax fDr their
redemption.

.
Notes, anl To provide war tax fDr their
redemption.
SE;. |. the Congress Gf the Confederate
States o' America do enact, That the Sccrc-
t:rv Of the Treasury hr and he Is hereby an-
t.lurizetl, :rum time Ia li!ac, as tEe public
n.crss,ty may require, To isSac Treasury
Notes; PAYABLE to bearer ut the expiration
Of six months after liberalization OF treaty
of peace between The Confederate States end
the United States, the said notes to be Of any
denomination not less than live dollars, and
10 be rc-issnablc at pleasure, until the same
are payable; but the whole issue, outStand-
ing at one time, including the amount issued
under former acts, shall not exceed one hund-
red millions Of dollars; the said notes shal!
be receivable IN payment OF the War Ian
hereinafter provided. and Of all other public
dues except the export duty on cotton, and
shall also b. received III payment OF the sub
Scrip,iurS .ui the net proceeds OF sales OF raw
produce and manufactured articles.
SEC. o That for tue purpose Of funding
the sail notes, and Of making exchanges Tor
the proceeds Of the sale Of raw produce and
manufactured articles, nr fny the purchase nt
sTacic or military stores 'sc srcrriary at the
Treasury, with the assent Of the President, Is
authorized to issue bonds, payable not more
than twenty years after date, and bearing
rate of interest not exceeding eight per cent.
per alin,lm, until they bccome payable, The
interest To be paid sclni-annuaily the said
bonds not to exceed, in the whole, one hun-
drcd dollars, and to be deemed q substitute
for thirty millions Of tho bonds authorized TO
be be issued by the act approved May six
.ccnth, eighteen hundred and sixty one; and
this act is to bc deemed revocation Of the
authority to Issue the said thirty millions.
The Sai: bonds shall moi be issued in less
sums than one hundred dollars, nor in rac-
tioual parts of a huadrcd, except when the
subscription is less than one hundred dollars
the said bonds :uav be issued in sums of fifty
dpllar: They may be sold for specie, militia.
r. and naval stores; OF ioI the proceeds Of
raw produce and m&nulac;urcd ariiclrS, Ill
tie same Inanncr as L. provided 10y The ;.ci
AFORESAID; and, whichever Subscriptions irr
the same have beer. or shall hc made, pava-
Jle at a particular date, the Secretary of the
Treasury shall Baye power to extend the
time of sales until such date as he shall see
ii: to indicate.
Si:;.. 5. The hollcrs Of tic said Treasury
nnr; lnuy, III any 1iin,, demand IL e%clang"
for them, bonds OF the Confederate States,
according to such regulations as may be made
by the Secretary of the Treasury. But
Whenever the Secretary of the Treasury shall
advertise that he will pay of any portion of
the said Treasury Notes, then the privilege
Of funding, rs to such notes, shall cease, un-
less there shall be failure TO pay the same
in specie on presentation.
Sic. 1. That, for the special purpose Of
paya,, tho principal aud interest OF the pub
Ii; debt and uI supporting the Government,
! II War Tax shall bc assessed and levied, Of
fifty cents upon each one hundred dollars Ill
value Of the following property In the Com
fedcr,.,c States; namely: Zeal estate oi all
kinds Slaves, merchandise; bank stocks,
railroad an,l other corporation stocks; money
at interest, or invested BY individuals III the
purchase Of bills, noicS, and other securities
lur money, except the bonds of the Confed-
crate States Of America, and cash OH hand
or Oh deposit in Bank or elsewhere, cattle /;
horses and mules; gold watches, gold and
silver plate, pianos and pleasure carriages ;
Provided, however, that when then the taxa
BILE property herein above enumerated, Or apy
head OF family, is of value less than five
hundred dollars such taxable property shall
b. exempt from taxation under this act: And
provided further, that the property of Colleges
and Schools, and Of charitable or religious
corporations or associations, actually used Tor
the purpose for whic, such colleges, schools,
corporations Of associations were created, shall
he EXEMPT from taxation under this act: And
provided further: That all public lands, and
all property owned 5y State for public pur-
poses, be exempt from taxation.
Si:c. j. That for the purpose of ascertain
ing all property included in the above cl s
scs, aud the value thereof, and the person
ch;,rScable with the tax, each State shall con.
stitu,e tax division, over which Shall be
appointed one Chief Collector, who shall be
charged with the duty Of dividing the State
into convenient number of collection dis.
tries, subject te the the rersal of the Secre-
tarv Of the Treasury. The said Collector
shall be appointed 10y the President and shall
hold his office for one year, ard receive a
salary Of : thousand dularS. He shall give
bond with suretics 10 discharge the duties OF
his office in such amount Us may be prescrlb.
cl by the Secretary Of the Treasury, and
shall take oath faithfully ~ discharge the du-
ties Of his office, and 10 support and defend
th,. Constitution. The said Chief Collector
:lali, with the appreciation of the Secretary
"i' Tie Treasury, appoint 4 t;y c"l!r"'cr l";'
zach collection disllc:. wiuSe dn'y u >hail
irG 10 c:l,lsr III .;acss!rcni to hc !Ii!c "!i or
i,riu!c tie first av q; Noy~lni,rr next. nE all
the taxablcpropcry in his district, included III
each Of tho above mentioned ci;,>sc: ot prop
criy, and The persons then owning or in pos
! SESSION thereof; and in order Thereto, the
said lax Collectors may appoint Assessors,
who Shall proceed through every nart. Of their
respective districts, aud, after public notice,
snail require nil persons owning, possessing
,s having tic care and management of any
property li:ibi, TO the tax aforesaid, to deliver
written lists OF the same, which shul! be made
IL such lna;!ncr as may be required by the
Chief Collector, and as far as practicable,
conference.-the tn those which may be re-
ouircdtor the same purpose under the authori-
rvnr TIE respective States; and the said asses
sors are authorized 20 enter into and upon,
all n,, singular, the premises for the pur-
p,ses required by this act
SIC e. Ii amy person SI.allnot be prepared
To cxLrbit :. written list when required, and
saiI consent % disclose the particulars Of
taxable property owned Or possessed by hir.:,
u nn,!er his care and management thcn it
shall be ,hc tlutv Of the oIiicer lumake tlrlis,,
which. being distinctly read and consented
10, shall be received as the list Of such
person.
SEr. {. That, if any person Shal! deliver or
disclose to any collector or assessor appointed
in pursuance Of this act and requiring list
as aforesaid any false or fraudulent list, with
intent to defeat or evade the valuation or
enumeration hereby intended to be made,
such person, so offending shall be fined in
sum not exceeding five hundred dollars, to