Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1861-08-29
From the Richysond Fx4miper,

The plan Of finance and reoee of the Confederate Gouern-
men The ul copy enabled to give of it viii be
matter of exceeding general interest and provision
the bill will doubt be anxiously scanned by TIE people
BH to be e tied Act to authorize the issue of T. eds-
Ty not and to prou'de War To1 for their redemption.
do eract tat the Secretary of the Treasury be-
and he is hereby authorzed from time to time the pub
nc necessities may require to issue Treasury notes payable
to bearer at tn expiration of six months after the raca
ton OF Treaty of Peace be- the Confederate States
and the United states the said be any denomi
nation not less than five dollars be ressuabe
pleasure until the payable; but the whole issue
andng at time including the amount s9ued under
former Acts shall not exceed hundred millions of dol
ars the said poes shall be receivable in payment of the
war tax hereinafter provided and of all other public dues
except the export duty cotton shall also received
payment Of the subscriptions of the proceeds Of
! sales OF raw produce ard manufactured articles.
SEC That for the purpose of funding the said notes
and for making exchange for the proceeds of the sale
prouce and articles or for the purchase OF
specie military stores the Secretary of the Treasury
with assent of the President is authorized TO issue bonds
pyaOe not more IMAM twenty years after date, and bear
ng rate Of interest not exceeding eight per centum
until they become payable, the be paid
seGannnay; the SAID bonds not to exceed IN the whole
hundred millions of doll and to be deemed substi
ute for thirty millions of the bonds authorized De issued
ny the act approved Nay lG, 1851 and this act is to be
deemed revocation Of the authority to issue The said hr
y millions The said bonds shall issued
hap one hundred dollars nor IN fractional parts OF hun
dred except when the subscription less than hndred
dollars the said bonds may Re issued in of fifty dollars.
hey may be sold tor specie military and naval stores or
for the proceeds of produce and manufactured articles,
and whenever subscriptions been or shall
be made payable at particular date the Secretary of the
such date he shall see fit indicate.
SEC g. The holders of the said Treasury may. a
tme mand in exchange for their bonds of the Con-
federate States according to such regulations may be
made by the Secretary cf the Treasury But whenever the
of portion Of the said Treasury notes. then prv
ege of funding such shall cease unless shall
be failure to pay the i'll spec,e presentation
SEC That for The special purpose of paying the prin
crai and interest of the public debt and Of supporting the
Government shall assessed levied fifty
cents upon each hundred dollars in value the follow
ing property in the Confederate States namely Real
GiGa. han GtOp rajlr
and other corporation stocks; interest
ted by individuals in the purchase Of bills notes and other
securities for money except the bonds the Confederate
States Of America and cash hand deposit in bank
and silver plate pianos and pleasure carriages PrOUded
however that when the taxable property herein above
five hundred dollars such taxable property shall exempt
from taxation under this act and proUided further that
the property of colleges and Schools of charitable or
religious corporations associations actually used for the
purpose for which such coege schools corporations or
associations created shall be exempt taxation
under this act; and pTootd further that all public lands
and all property owned by for public purposes be
SEC s. That for The purpose of ascertainng ell property
included in the above classes and the value thereof the
person chageaoe with the tax each State shall constitute
tax division over which shall he appointed chief col
ectOr who shall be charged with the duty dividing
Of
ect to the evsal ct the Secretary the Treasury The
said collector shall be appointed BY the President shall
no ms once lot one year ana receive salary OF two
Thousand dollars He shall give b0rd with securities to dis
charge the outles OF his office in such amount b
ScIoed o. the secretary OF the Treasury, and shall lake
oath faithfully dis charge the duties of his office and
tor snail with the APPRECIATION OF the Secretary Of the Trea
ury, appoint collector for each collection district,
whose duty shall be TO assessment to be made
on or before the hrst day OF November next of all the tax
able property ia his district included in each of the above
or possession thereof and in order Rereto the said tax
collector may appoint assessors who shall proceed through
every pat OF their respective districts and, after public
u sn& l q!IJe al persons owhg' possessiS O. nav
ing ne care and mana Of any property liable to the
tax aforesaid to deliver written lists of the same which
4a oe mace III s9ch manner as may be required by the
chIet collector and practicable cOnormabe to
authority Of the respective +tates the said
authorized upon all and singular
SEC If any person shall be prepared exhibit
writer list when qure and shall consent to disclose the
particulars OF taxable property owned possessed by him,
or under his care management, then shall be the duty
of the officer make the list which bang distinctly read
III and consented to- Shall be received the list of such
T. That if any person shall deliver OF disclose to any
h collector appointed pursuance of this
and requiring list aforesaid any false fraudulent
ration hereby intended to be made such person so
ng shall be fined in not exceeding five hundred dol
lars, to be recovered ary competent judic-
d ton
SEC s. Any person who shall fail deliver the
Of taxable property time
prescribed by him, shall be liable double upon al
his taxable property the to be assessed bV the col
ecor or assessor and to be collected in the
IN gle tax,
Of SEC g. The lists shall he made reference the value
he and 81 daon OF The property the first day of October
i'd next and shall be compleed and delivered into
he the ndS OF each ct the tax col ectors on the first day
December next ard the receipt there eachtx col
ID eeo may for Tor '~en4ne days ne n ensuing the said frs
be essnens as well as applications for the reduction OF
IS single tax; which determination shall be final.
he SEC TO- The collectors shall before the
De first day of February ensuing furnish the chief collector
of the State in which his district situated, correct anC
accurate list OF all the made upon ach
ne hi district and Of the of tax be paid by sucl
person. specifying each object of taxation and the sai(
e. chief collector shall colate the proper form
forward the coated lists The Secretary Of the Treasury
SEC II. The said several collectors shall the first day
-
or for the said the amounts severay due aud owing
d. he shall notice for twenty days
e paper any he published in his district and by notfca
of ons in at least four public places in each township ware
he which he will receive the said tax and failure to th
re- it shall be the duty of the collector, within twen
days after the first day OF May aforesaid by himself hi
deputies to oect the said by distress and sale of tn
goods chatte effects OF the persons delinquent An
by of such distress shall be the duty of the office
charged with the collection make, to be made
of the goods ehattes which may be dsaiu
ed copy of which, signed by the officer making such dis
tress shall be left with the possessor If sue
of goods chates effects at his her dwelling with
OF the sum demanded and the time and place of sale
I the said officer shall forthwith notification to
publicly advertised or posted up at two public places neal
the residence of the whose property shall
dsrsined the court house of the county if nc
than ten miles distant which notice shall specify h
he articles dstraned and he tine proposed for tn
thereof which time shall not be less than ten days ro
date OF such @ 5 a gd he aGe pr se f %
king such distress ProUided that in any of dstre
payment of he aforesaid the goods chatte
distraned shall and may be restored the
possessor if prior to the sale thereof payment
tender thereon shall De made proper
with the collection of the full amount demanded togeth
with such fee for eyying and such for the
reasonable expense of removing and keeping the good
chattels effects distraned may be allowed IN Lii
OF the laws practice of the State the d
ress shall have beenads but in case of non ayment
ana tender as aforesaid the said officers shall to sell
the said goods chaes or effects at public auction and
wo and NAV retain from the proceeds the
deandabe for the of the Confederate States, with
and reasonable distress SALE
nail coromsjon of five per cenfum thereon for his
nds rendering the oyerpus any who
goods chaels effects shall have been dsrained: Pr
Writ 0ided that it shall be lawful to make distress of
tools implements of trade professions beast Of
plough and farming utensils necessary Io me