Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1863-12-18

{ The following propositions have been sug
gestei By merchant, and to them we woul
invite the m,st careful and serious attention
viz:
L. Require all the treasury notes issued t,
the present time to be funded by the first da,
Of July, 1854 in per cent. Confederate bonds
OF .bond- of the Cotton Loan, until the amour
Of the latter authorized is exhausted, givins
the holder Of thc.notes the option of funding
in either. But putting the price of the cot
ton bonds at 5000 instead Of $50, at which
they are now. being offered and such of the
said notes cs FL-li not Iave been funded
within the time specified shall thereafter
cease to be regarded as currency within the
Confederate States for any purpose whatever,
but the Confederate States to hold themselves
bound, as promised, to redeem the same with
in six months after the ratification Of treaty
of peace hetweon the Confederate States and
thu United States. -.
2. The Secretary Of the Treasury shall be
authorized to issue on the FIRST day of Janu-
;ary, 1864 $500, ,000, 600 of legal tender trca.
sury notes, whish notes shall not be fundablc
lin any oe the 1qnas. OF tho govsrnmcnt. But
receivable fnr I'll dues, except export dues
and used exclusively as currency.
:. Provide for tho assessment in Conceie
rate currency of. all the property within the
Jurisdiction of the Confederate States, inclu-
ding stocks, bonds, money st interest, and all
other evidences of debt cf every description
whatsoever on the first day oi January, 1864 ;
and levy Il taZ of two per cent on the same,
payable semi-annually: one per cent. on the
first of July, and one per cent. on the first day
OF January and July of each year 10 long as
the bill continues in operation, and eonti1ua
in, force the provisions Of the present tax bill
90 far as they apply to the sales or profits Of
merchants, traders, banks, bankers, brokers.
insurance companies, manufactures. and ali
other corporations. payable in like manner as
tho tax on rroperty-ore-half the frsS Of
July next, and the other the FIRST Of JanE-
ary and July Of each year thereafter; end
repeal tho tax in kind. and let the GOV
eminent 20 into tho market for its sup
plies, like any other consumer Or buyer
4. Provide that the tax levied under the fore
going sections shall be paid in coupons, or iu-
terest On the funded debt, so far US the tax.
payer may hold any Of the saEe, (which can
he ascertaipd by the amount of bOrds'he may
have listed,) and the residue 6f his taxes,
snoulu hs oMc NoTio shisl DC pau III ieSut zen
der treasury notes, and for any excess Of in
terest a taxpayer may hold over and above the
amount of his taxes the treasurer Of the Con-
federate States shall be authorized to redeem
the came in COIN A taxpayer holding the
coupons of the cotton lOen may ray the same
in taxes estimating them at the price Of tie
cotton they would command in the market
where the government has agreed to deliver it,
at the time such taxes are paid. But in case
the holder prefers to pay his taxes in coupons
Of other bonds or in legal tender notes, be
shall be at liberty to do so, and the government
shall redeem his coupons Of the cottou loan,
either in cotton or coin, as agreed.
s. Provide that the interest Of tho registered
bonds of the Sl5,o00,00 loan, as well as the
coupons of the same isshe, shuii either -bc re-
ceiyable in export dues, or;,reaeemed by the
treasurer lincoln, at the option of the holder,
and the coupons and interest Of this issue
shall not be demanded in payment Of. taxes
but may be 50 received, should the holder de.
sire it.
IN explanation OF some few Of the advan-
tages Of the measures proposed, would re-
MarR, tnal, c----1;r, az sv Yr"ruH -" nr'''' tiiv
value of the prnpcr'y Of the Confederate States
was as follows, viz: