Daily Nashville patriot. [volume] (Nashville, Tenn.) 1860-1862, 1861-08-28
The War Tax.

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The war Tax.
The policy of the Confederate Government
in authorizing the issue of Treasury notes,
and providing a war tax for their redemption,
we believe will be generally approved by the
people. Our enemies are making desperate
efforts TO raise men and money to crush US,
and make us the vassals of the Northern Go
vernment, and in order to meet force with
force men and money must be provided in
the South. The soldiers are volunteering as
| fast as the Government requires them, and
| there is no Southern man who can obj ct 10
paving his proportion of the assessment made
| to defray be expenses of conducting the war.
| The act authorizes the Secretary of the Trea-
sury to issue. from time to time, the pub
| lie necessities may require, Treasury notes of
a not less denomination than i've dollars.
payable to the bearer six months after the
ratification of peace between the COnfedera e
and the United States. The notes are to be
reissuable at pleasure, but shall not at any
one time exceed in amount one hundred mil
| lions of dollars. they are TO be receivable
| in payment of the war tax and all public
| dues, except the export duty on cotton. Pay
| ment of subscription of the net proceeds OF
| the sales OF raw produce and manufactured
articles may be made in these notes.
For the purpose of funding the notes, and
| making exchange for the proceeds of the sales
of raw produce and manufactured articles.
| the Secretary of the Treasury is authorized
| to issue bonds, payable not more than twenty
years after date, and bearing an interest not
| more than eight per cent. per annum, paya-
BILE sem-annually, The bonds are not to eX-
coed in the aggregate ole hundred millions
of dollars, ana are not to be issued in less
sums than one hundred dollars, except when
the subscription is less than one hundred dol
lars, when they may be issued for fifty dol
lars. The holders of Treasury notes may at
| any time exchange them for bonds, unless
the Secretary of the Treasury has previously
| advertised that he will pay off the Treasury
notes.
For the purpose of supporting the Govern
| ment and paying the principal and interest
OF the public debt, war tax has been an
thorized and will be levied, of fifty cents on
each one hundred dollars in value of the fol-
| lowing property in the Considerations:
Real estate of all kinds Slaves Mrrchan-
| die Bank stocks; Railroad and other cor
poration stocks: Money at interest, or inves-
| ted by individuals in the purchase of bills,
notes and other securities for money, except
| the bonds of the Confederate State of Ameri-
Ca and cash on hand or on deposit in bank
or elsewhere Gold watches, gold and silver
| plate, pianos and pleasure carriages: Pr0Uid-
| ed, however, that where the taxable property
| family, is OF value less than $500, such taxa
| BILE property shall be exempt from taxation
under this Act; and proDtded further, that the
property of colleges and schools, and of char
| liable or religious corporations or assocIa-
| tons, actually used for the purposes for
| which such colleges, schools, corporations or
associations, were created, shall be exempt
| from taxation under this Act and provided
| further, that all public lands and Ill property
| nad nv a State nnhlip no aY
| empt from taxation.
| For the purpose of ascertainIng all proper
| ty included in the above, and the value
| thereof, each State will be constituted Tax
district, over which will be appointed chief
| collector, who WILDE required to divide the
State into convenient number OF collection
| districts and appoint collectors. He shall
| hold his Office for one year, giving bonds for
| the faithful performance OF his duty. and re-
| ceiving for his services the sum of $4,000
| On or before the iii st day of November next,
| an assessment of all the Taxable property in
the Confederate States. shall be made by the
| assessors appointed by the various Tax col.
| lectors, and on or before the first day of Feb.
| ruary next the Tax collectors in the districts
winhin each State are required to furnish the
chief collector of the SAFE with accurate lists
| OF all the assessments made upon each person
| in their respective districts, and the amount
of tax to be paid by such persons, specifying
each object of taxation; and the chief collec
| tor, is required TO collate the same in proper
| form and send the collated list to the Secre
tary OF the Treasury.
On the first day of May next the collector:
will proceed to collect the tax, previously
giving notice of the same for twenty days
through newspaper published in the district
and by notification in at least four public
places Ia each township, ward or precinc
within the district. In case the taxes are moi
paid by the 10Th day of May, 1t is made the
duty OF collectors to proceed to sell the prop
erty of the delinquent at public SALE Al
kinds OF property are liable to distress fol
taxes except the tools or implements of
trade or profession, blasts OF the pillow and
farming utensils necessary for the cultivation
| OF improved lands, arms or such household
furniture or apparel may be necessary fo
a family.
The assessors appointed under this act ar
entitled to three dollars per day tor every
day employed in making lists and assess
ments, and also five dollars for every hun
dred taxable persons contained in the lists a
completed by them and handed to the collec
tors. The tax collectors are entitled TO 5 pc
cent. on the first $4,000 received, and 2
! per cent, on all sums beyond that amount
until the compensation shall reach $500 ; be
yond which no further compensation shall b
, paid. Collectors are required to give bond
before entering on the duties of their Office
and each collector will be charged five De
cent. per month for allmoneys retained il
his possession beyond the time when it is Re
quired TO be paid over to the Secretary of tn
Treasury.
The act provides that if any person, durin,
, the existence of the present war shall couu
terfeit, or aid in counterfeiting, or knowingl
pass any counterfeited Treasury note of tn
Confederate States, the person shall on con
viction be adjudged guilty of felony and shal
suffer death. Any person convicted of coun
terfeiting or altering a Coupon of the Confed
crate States, or shall pass or attempt to pas
any such Coupon, shall be adjudged guilty G
felony, and shall be punished by imprison
, ment not less than five nor more than te
years, and be fined sum not exceeding SIS
900.
The twenty fourth section of the act pre-
vides that il any State shall, on or before III
LIST day of April next, pay in the Treasur
notes of the Confederate States or in specie
the taxes assessed against the citizens OF sue
State, less ten per centum thereon, it sha
be the duty of the Secretary of the Treasur
to notify the same to the several Tax collel
, tors OF such State, and thereupou their AT
thority and duty under this act shall ceas
Montgomery (Aia,) advertiser,
4