Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1861-10-23
The War Tax Act.
AN ACT to authorize the issue of Treasury
Notes, and to provide war tax ior their

l..
States of America do enact, That lhc Sccre-
t,ry Of tie Treasury be AID he is hereby au-
thorizeA, from time TO time, rs the public
necessity may require, to issue Treasury
Notes; payable to bearer at the expiration
of six months after the ratification of treaty
uf peace between the Confederate States aud
thu i.utc, Statr. the saul notes 10 DC Gf ANY
denomination no. less saa live dollars, and
to lI. rc-lsS,ablc AZ pleasure, uatil the s;.:ue
are payable; hu, the Whole iS>ue, uulStand
ing Il. one time, including the amount issued
under Corner acts shall hot exceed one lund-
red millions of dollars; the said notes shall
he receivable i'll payment OF the War Tan
hereinafter provided, and OF all other public
dues except the export duty on cotton and
shall also be received in payment of the sub.
scriptions Of the net proceeds of sales Of raw
produce and manufactured articles.
SEC. .. That for tue purpose Of funding
the said notes. and of making exchanges ior
the proceeds vi the sale Of raw :otuvc and
manufactured articles, or for the purchase Of
specie or military stores Tie Secr'''ar: "i ts:r
Treasury, v:!i!i TIC assent uf tie President, Is
authorized H. i&s;p bonds. payable moi mole
,lun twenty Years alter date, and hearing y
ratio al interest not excec;iag eight per Cent
eer ...;:.;ln until they become payable, the
inr,..czi L. ,e naiti sc;ni-aEnua!Iy; tile SAID
l"r;:s 40: Ia exceed. i'll the Whole, n,c hun
drc,i ,!Jii:;rs. and ~ l." decn:rd substitute
i;ol li:.rty millions o: tie bonds au;!inrizs .; 10
be be iSSrc0 by tho act approved Mar Ely
teeutll, eighteen hundred and sixty one and
this act is TO he deemed a revocation uf the
authority to Issue the said thirty millions.
The said bonds shall rot be issued in less
sums thai, one hundred dollars, nor in irac-
tional ]ars o. !. hundred, except when the
Subscription is less than one hundred dollars
tie said bonds NAV be issued in sums of fifty
dollars. They may be sold for specie, militia
ry and naval stores or for the proceeds OF
raw produce and manufactured articles, in
the same manner as is provided by the act
aforesaid; and, whichever subscriptions tor
the same have been, or shall be made, paya-
bic at particular date, the Secretary OF the
Treasury shall have power to extend the
time Of sales until such date as lie shall see
fit to Indicate.
SEC. :. The holders Of the said Treasury
notes may. q. any time, demand in exchange
for them, bonds of this Confederate States,
according to such regulations as may tc made
ky the Secretary of the Treasury. But
whenever Tie Secretary of the Treasury shall
alvcrts. that lie will pay of any portion OF
the said Treasury Notes, then the privilege
of .unding, as to such notes, shall cease, un-
less there shall be ! failure to pay the same
in specie on presentation.
SEC. t. That, for the special purpose OF
paving the principal and interested the pub
lie debt, and OF supporting the Government,
War Tax shall be assessed and levied, OF
fifty cents upon each one hundred dollars in
value, Of the following property III the Con.
fcleratc States; namely: Real estate Of all
kinds; slaves, merchandise; bank stocks,
railroad and other corporation stocks; money
at interest, or invested by individuals in the
purchase of bills, notes, and other securities
f,r money, except the bonds Of the Confei-
crate States Of America, and cash on hard
or on deposit in Bank or elsewhere, cattle ;
horses and mules; gold watches, gold and
silver plate, pianos and pleasure carriages
Provided, however, that when the! tue taxa
Bile property herein above enumerated, or ANY
head of family, is of value less than i've
hundred d,llurs such taxable property siai
be EXEMPT from taxation under this act: Aud
provided further, that the property OF Colleges
upd SCHOOL,. and OF charitable or religious
corprra,unS or associations, actually used tol
the purpose for which such colleges, SCHOOLS
c,nuurutons of associations were created, sLal
=. .xemp, from taxation undcr this act: Anl
Yi;.ea farther: Tha. all public lands, ant
= property owned by State for public pur
lnseS, be exempt from taxation
SEC. ). Tha, for the purpose OF ascertain
i..g all property included i'll tie above ci, S
seS, and lie value thereof, and the person
'.:....,,,Dic with the tay each State shall con
stitute tax division, over which shall be
apan;:tcd ore Chict Collector, who shall be
charged with the duty Of dividing the STATE
into convenient number OF collection dis
tricts, subject to the the revisal of the Secre-
tarv of the Treasury. the said Collector
Shall be appointed by the President aud shall
hold his office for one year, and receive
salary Of 2 thousand dollars. He shull give
bond with sureties to discharge tie duties OF
his Office in such amount as may be preScrib
el bv the Secretary Of the Treasury, and
shall take oath faithfully to discharge the du-
tics Of his office, and tU support aud defend
the Constitution. The said Chief Collector
shall, with the appreciation OF The Secretary
al the Treasury, appoint u tax collector ipr
each collection district, Whose duty Ii shall
b. 10 Cause an assessment 10 De made on or
Jafurc :: .i..; ,.,Ynt Nvvci..her rcN', ut ',li
t!.e r3.aiia property in lis district, Included in
..,.I vi i:,r ;.;J;.rc ,ncu::cnrI classes OF prop
:. ....,, ;:,e ;,.;s,s.ls then owning ur i'll pos
.:ss;uL ;!.c:..,:: ;;..: in orti:: thereto, the
s,a: ;ax C.vciu-s may appoint Assessors,
MIC ,aal! !rac4:e,: inrouyh every pat oi their
r.;i.sctve i:;:'ic;s. ;lH;l, after puDlic notice.
<;,.tI re,;,lrc all persons owning, possessing
ur :.a,inr tic care ard management o any
rrolcrty laie 10 !:Ir TAX aforesaid, t" Griiiel
written Fists Of thcsmc, which shall be made
In such manner as may be repaired by tie
Chief Collector, and rs far a> practicable,
conference.-the to those Which may lc re-
auire Tor the same purpose under the au,horl-
1, of the RESPECTIVE, States ant: iue sa0 asses
sors are authorized 10 enter into am! upon,
ali and singular, ae premises ior tue pur-
pses required b. this act.
SEC g. Ii any person shall not be prepared
to exhibit written list VIXEN required, ana
shall consent to disclose the particulars OF
taxable property owned or possessed by INN,
or under his care and management, tGen II
shall be the duty Of the oll:ccrto make the list:
wIich being distinctly read and consented
10, shall be received US the list OF such
person.
Sec. = That, if any person Shall deliver or
disclose to any collector OF assessor appointed
in pursuance of this act aud requiring list
az aforesaid any false or fraudulent list, with
latent to defeat or evade the valuation OF
enumeration hereby intended TO be made,
such persoa, so offending, shall be liucd u u
sum not exceeding five hundred dollars, to
be recovered in any Court Of competent ju-
isdiction.
SEC. S. Any person who shall fail to deliver
to tie collector or assessor, list uf his Taxa