Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1861-08-28
GRe Stan0ar1,
RALEIGH SATURDAY, AUG. Fl, 1861.
The Confederate Tax Bill.


The Confederate Congress at Richmond has pass
ed law levying direct taxes on the people for the
support of government and the prosecution of the
war.
The first section authorizes the issue of Treasury
Notes to the amount of slOO,OOO,OO0, redeemable
six months after peace; and makes them a legal
tender in the payment of government taxes and
other dues, except the export tax on cotton.
The second section provides for the issue of
800, 900 of Confederate Bonds, payable in
twenty years. These bonds are to be sold in effect
only for specie or military stores foreign bills Of
exchange They bear per cent interest, and the
interest is payable semi-annually.
The third section gives the holders of Treasury
Notes the option of exchanging said notes for Con-
federate Bonds, whenever they may choose thus to
invest.
The fourth section, which specifies the amount Of
tax and the articles taxed, is as follows
THAT, for the special purpose of paving the
principal and interest Of the public debt, and of
supporting the Government, war tax shall be as
sessed and levied of fifty cents upon each one hum
dred dollars in value of the following property IN
the Confederate 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 for money, except the
bonds Of the Confederate States of America, and
cash on hand, or on deposit IN bank or elsewhere
cattle, horses and mules; gold watches, gold and
silver plate pianos and pleasure carriages: Provid-
ed however, that when the taxable property, herein
above enumerated, of any head of family is OF
value less than five hundred dollars, such taxable
property shall be exempt from taxation under this
act and provided further that the property of col
leges and schools and of charitable OF religious
corporations associations actually used for the
purpose 70: which such colleges schools, corpora
tiOns or associations were created shall be exempt
from taxation under this act; and provided further,
that all public lands and all property owned by a
State for public purposes be exempt from taxation.
Provision is also made for Confederate tax collect.
May next. If any State, however, on or before the
1st day o. April, shall pay in the treasury notes Of
the Confederate States, in specie, the taxes as
sessed against the citizens of such State less ter
per cent thereon, the collectors will not proceed te
collect in such State.
This law is necessary to support the government
and carry the war. Every true man-aW tn,
women are true-will pay this tax promptly anc
cheerfully. Niso part Of the price Of liberty. II
paying it we support the government, we furnish
means to defeat the Yankees, we support and sus
tain our brave troops in the field, and We purchas
o''r liberties in this struggle with arbitrary power
Two hundred thousand gallant volunteers are pay
ing their part Of tLis purchase in 6ood and oounds
md suffering, and death; let us pour out our mo
ney as freely as water or the common air.