Abbeville press. [volume] (Abbeville, S.C.) 1860-1869, 1861-08-30
fHE WAR3TAx BILL.

vote s}as passed this highly important, Bill.
which aohstitutes the whole basis of the plan
or revenue and finance of the Confederate
! Governments.
The. 1st Section provides for the tissue of
Treasury notes. payable to bearer, at the 'expi-.
ration Of six months. from the ,sion of q
treaty Of peace with the Northerc GoAernment;
the notes to he of not less denomination than
$500; the whole issue not to exceed 100000
OoO aud the notes to,be generally receivable IN
payment OF, Government dues
The End Section provides for the issue of
Confederate bonds; s;oearings per cent int, pay.
able semi annually; the bonds shall be paya-
ble not more than twenty years after. date
shall be Issued for.sum not less than 800; and
the whole issue shall not exceed 800. 0Oo, 900.
The 3rd Section provides for the funding of
the Treasury notes. by enabling the holder to
exchange them for Confede ate bonds.
The 4th Section imposes direct tax in the
following terms:
SEC. 4. Tint. for the special purpose of pay.
ing the principal and interest of the public
debt. and Of supporting the Government, war
lax shatl be assessed and levied of Fl fty cents
upon ench one hundred dollars in value of the
following property in the Confederate States,
namely; Real estate of all kinds, slaves, mer-
chandize, bank stock. railroad and other cor.
Poration stocks, money at interest, or invested
by individuals in the purchase of bills, notes
and other securities for money, except the
bonds of the Confederate States of America.
and cash on hand, or on deposit in bank or else.
where; gold watches. gold and siver plate
pianos and pleasure carriages; Provided ho,o.
eVer. That where The taxable property herein
above enumerated, of any head of O family, is
OF value less than $500, such taxable pro perty
shall be exempt from ia xation under this Act /:
| A"d provided further, That the pr ,erty of
colleges and schools, and of cha able or re-
l'g'ous corporations or associations. actually
used for the purposes for which such colleges,
schoos, corporations or associations were crea-
ted shall be exempt from taxation under this
Act: And Provided further, That all public
lands and oil property owned by State for
public purposes be exempt from taxation.
The other sections provide for the location of
Collection Districts. the assessment and collec.
tlon of the taxes, DC.
The Revenue to be realized it is supposed will
piled to the payment of the interest, and nor
tlons of the principal Of tho war debt.
ONWARD TO WAsHINoro~, New York
Herald has substituted the above for tho cry
of on to Ric hmond I We copy from that pa
per Of Tuesday last: -
More troops are ordered to the capital. Move
ments OF the rebels Indicate an attack on
Washington. There are our na,ional build
| ings our archives. our governments, our labor
for seyenty.f We years i. These must be pro
tected. The question for considerat ion, there
sore. is, what measures ought to be taken 70
avert SO fearful a cstastrophe as the fell of the
capitali Since General Mcclellan has been
placed in command Of the Army of the Poto-
mac, great yigor has beeu infused into the con. d.
duct of military matters. Troops are being
forwarded in great numbers by every. convey
ance, and by Saturday next about seventy.
five thousand men, in addition to those already
ihere, will he in the capital from the ten States
just called upon by the Secretary of War. All
officers on furlough. whether holding command
OF regiments or companies all soldiers, in fact
not on duty, ought to report at once to their
commanders, and Onward to Washington =
should be the cry and the answering movement.
With PromptAnd decisive action, an overwhel-
ming military force oan be eucsmped on tho
lower Potomac and Chesapeake, prepared to
prevent the rebels from crossing over from
Virginia, and, 8 well-appointed and numerous
army nsbe 9entrenched on the upper Poto--,
mac ready not onIyto deter the rebels from
making any attempt on the capital, but place
us in a position to resume!,hat advance move
ment which was Temporarily checked at Stone
Bridge. Onward Onward to Washington !.
coNFEDERATEy CONGRESS-, 40. c
hIcHAoND, August q The President has
approved Of the act making appropriations for
the expenses of the Government 10 the Legisla-.
tive. Executive. and Judicial departments, for
the year ending on the 18th of February next.
The President so:approyed the following
acts: 49,