The New York herald., 1861-12-17
except when the law requires the presence oil larger
THE REBEL WAR TAX.
fFrom tho Richmond IVA. wing. Dec. I2.l

From the Richmond (ya) Wing, Dec 10.
The tennessee Legislature has this subject under con
siderRtion. Through committee The Congressional dele
CATION from The State requested to coufer with the
Secretary Of tho Treasury ard ascertain whether tho
advanced to the confederacy. The delegation resp nd
that such could not be Effected as Il would
defeat the very Object Of the tax which u the bass u
the Treasury notes. The committee thcroapon reported
BILL which subjon rs the Same ma ter - bso. or
legislature 1t may be well considered whether Tfea
sury notes would not be better mods OF rcsl; o. Il
bonds be resorted TO-, whether they should not Ea,e
longer than FIVE The saving OF ten per ceNt
in the collection is very small consideration II t
could be realized which is doubtful Tho true ooS -
is to give the people reefo save them from two Of
the hateful of vsitatons IN ono year. We havo
TO rely upon credit--to bring posterity to our
assistance in carrying this war for independenc G.
there is help ~ and there IS no injustice in ~
osterity quite much Interested arc IN IN .
issue Tho only question is as TO the best, cheapest and
s,fest mode. Relief in the shape Of currency without
interest, If IL can 30 ic,ned on basis that vi CON
nand conG'oDce, Is that which would bo prefe abe.
bonds beari interest 70 be exchanged for bank noies
which may be int Unsteady worthless would enure 10 the
benefit ,ny Of bank stockholders and augment the pub 10
burthens II Treasury notes OF tie State made
available bank of issue founded The produce OF the
state, might possibly b. SO arrange and CO steted as TO
meet the cxigrlcy. ! scheme with some such pro-
visions has all eady been gg sted the public prints
md might not be unworthy Of The consideration Of onr
legisiato s.
The following is the bill before the Tennessee Lsgsia
tCre:--
AN ACT 70 PROVIDE FOR THE PAYMENT OF TIE WAR TAX
Section l. Be 1t enacted by the General Assembly OF tho
State of Tonressec That State hereby and
agrees to pay the tax to be assessed upon the pro-
pcrty &C., Of the people Of the state Of Tennessee
obedience to the provisions Of the Of the Congress
the Cone erate states of America approved August the
10TH 1861 and entitled to authorize the issue
Of Treasury notes and to provide tax for their
demption and for the purpose of carrying the pro-
visions Of this act the Governor OF this State Is hereby
directed and empowered to sue and dispose Of the bonds
OF tho state q tennessee TO sufficient amount to pay
said tax mot to exceed two millions OF doars) similar
in all respects the bonds Of the state heretofore Issued
except that fifth Of the said bonds shall be payable
ono year after their date onelh two years after their
date one nth three years after their date one- tn four
years after their date and one fifth five years after their
date all to be dated the ls day Of April 1862 and TO
bear interest at the rate Of eight per cent per annum
payable Eem annually such point as may bo desig
mated Il said bonds aud said bonds shall be in denona
tions of not less than hundred dollars and
than one thousand dollars, TO each OF which shall
tached coupons for the interest due thereon
Soc 2. BE 1t further enacted That the faith and credit
Of the State Of Tennessee hereby pledged for the pay
men Of said bonds aud the interest on the same and
hat LOT te next I'VE years an annual tax o. ten cents
the indrcd dollars Of property, subject tax
alton by existing laws and oncourth Of per centum
upon tho dollar OF merchandise, or invoice price,
neither bought in out Of the State, and ten cents
poll shall be assessed and collected special tax
fer me purpose OF paying said bonds and interest at ma
turity
Sec 3. Be it further enacted That the banks Of this
State hereby specially authorized to invest their
in said bonds and said banks purchasing any
said bonds shall have the privilege Of CHASING bonds
purchased in the classification OF their assets as specie
funds provided that the state sha have the right pay
said bonds, purchased by said banks, iu ther
notes. and provided further that all the bonds issued
county, corporation and other taxes in the hands of m
dividusls corporations.
Sec a. Be it further enacted That tho Governbr is au
horzed and requested to issue and negotiate Sad bonds
practicable for the Treasury notes OF the Con-
ederato States Of America and with such Ireayury notes
to pay to the government Of the Confederate Ses
before the 1st day OF April 1862 the amount Of s
tax assessed the property OF the people OF the State
of Tennessee less ten cenum thereon as provided in
2h section OF said act Of Congress- approved August 19
1861 as aforesaid.
Sec 5. Be il further enacted That revenus collectors
shall be entitled receive their services in collecting
this special tax only half the commissions and fees
allowed them Tor collecting the general revenue Of the
State and counties.
REBEL SOLDIERS oRDERED FROM WESTERN VIRGINIA
TO SOUTH CAROLINA.
From the Richmond Examiner, Dec IL
rumor was in the city some days ago that General
tucky and this followed BY the confident toix c1.
Trajectory report yesterday that the army IN Western
| Virginia was TO be transferred to South Carolina
We unable to give the facts which these rumors
have been probably based sort OF foundation
General Floyd not, as far has been yet determined
to be transferred from Western Virginia He has been
ordered into winter quarters Newborn near the yr
ginia and Tennessee Railroad At the time that
these orders were sent out Colonel Starkes regiment
detached with General Donelson Tennessee brigade to
proceed to Bowling Green KY. That order has been re-
versed and these forces will repair South Caro-
| lima and report there to General Lee.
| MANUFACTURING ENTERPRISES IN RICHMOND.
From the Richmond Examiner, Dec. 1871
! Among the manufacturing enterprises lately com.
menced In Richmond, is factory for making glue ma
chino OIL and grease for the axles OF railroad This
| trctory, which is owned by Mr. Henry J. Magne, is
sicate in the Of the Poor House the upper
end o. SECOND street. It is the first attempt manuac-
tnro oue in the South which article excessively
scarce and sar The oil ia manufactured from taow by
new nrocess which s the secret Of the inventor and
the specimens we have seen seem 70 answer in all
spects the purposes the best and cleanest machine oil
Tho "a ror cor axcs y the same OIL In thicker con
dtion The price Of the oil Is 81 IS per
gallon With the present "a bos arosdv sa nunarea
tract with tho Danvie road for >ppes Of car grease,
and his enterprise promises to bs nsy end profitable