Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1864-04-18
IGLeS.

The time for the collection Of the tax ASSESSED IN 1862
haYing 09en extended large part OF that tax as well
a q mat assessed for ie63 remzns unpaid pArt OF
such haz been paid into the treasury and doubt large
suDs are in the hands OF the collectors on he 2gb of
February issusd circular tee the tar collectors
copy OF which Il herewith submitted It Wa trans
miiied By eourers, and such other hsauz ss could
avail myself Of It is fss-ed however that SONS OF
ne collectors win not have BeesiFed in time ts make
snear payments 5y the time prescribed hsd no au
tnony 20 require the payment Of the balance IN THAR
hands to be made By certain date but a. the law ds
elAIes tnas lne determination between The notes sub
se 70 ne Tax and those nos 50 subject shall be lsf to
the od faith OF each Stats and the eeraeste Of The
governor thersof shall in each case 5s concIusive
deemed propsr to issue ths notce AZ some Of ths
collectors may have received In payment 81 tssa notes
OF the denomination OF 500 which usay NOT h. r,f5
into the treasury by the frst OF April, recommend
thet when they are paid In the collector shall be rs-
qursd to make affidavit or prodIos proof that srsh
notes were collected At time when they wers rseeiva
Die, 70 wiz before the passage Of such set a. Won nav
pass forblddins the reesiPt OF such notes
Ana that in all cases OF payment into the treasury
after the lst OF April they shall prod1cs proof Ell or
swear TO tue amount collected and held bY thsn for The
State before that date may thus be enabled 10 urs
pare certificate, which will compy with zs
81 me A" although s letter seems to require ha
sonal knowledge Of the G1vernor which eSn onIy be
had Of the fund In the treasury aad other esartusus
a. the seat Of GoVernment Stringent laws shoud bs
Paeo 80 Pcessnt me collectors and other holders Of
pubic money from exchanging the moneys rseeivsd by
them and requiring them 70 pay into the state trur
the very money recsvad by them for taxes or osher
dues.
By the ineurienSo OF the enemy many Of eur etizsrs
have been eeprivsd Of property for which thsV nave
been assessed, the tax which thew are lsle n -
advise In eli such that the tax be ~
would most heartily concur with yoa b urrar uoo.
= seoetsn Of a. least ffy per cent Of ths
tax of hVs per cent assessed by the st section II M
set entitlad, Aa act to lay additional tsxes Tor a.
common asienss and support Os tho Government' sns
the mterert thsy oesr lbeisFe he tax On Isnd as5
alaEes unnecessarily oner0us. No AkrculflrsI eanf.I
esa eear sax o. hEe per cent In msu Of peace sBd
no nanon sxpscsed 70 provide for the payment Of ts
debts In time Of war Il il Hltirasd for III sS-sr.I -
the States no part of the tai be assessed in obs
bus partial collection ean be m4ds-saer icsgof rro
eriy a prices controlled BY be lowest money ea5jtsi
ts VII 9cer with eaabarrAasmsats Of tile ana Al ~
other evils that result in tax Szles
L s unnesssEzry for It will add nothing 10 tha .-+,
Of tbs Goyerament No prudsns creditor desires TO s
his debtor exhsnstng bis capital In msking pa-isI
4 80 - si ~ sls y nay pay the weolo debt
the Coufsdsrsey viii be doubled in thirfv vs,- -
ne whoe debt on the hrst Of Janaary 1865 soouIs h
ntteen hundred million Glars, ana funded Ia Ave nsr
esnt. bonds, redssmsbs at the easure og the Co. -
msnt, rate OF taxation which would nav tha Is.
tor the nEst year would pay both the principal and hi
crease Of taIxble values will be uniform I'd viii b
doubled In thirty years. This would Issye ths ns-
log ssyeuSs rom duties on exports snd imports to be
for the current expenses OF the G0ysrnaleTs a.
there is nc need Of sfnking fund other device -
when 5tates whose rateabe Wssish SOau NOT uersnsa
compelled TO resort The credit Of Covsr5,s, =
limited only BY their ability to raw ana fb-7- -4
fsilh n the application Of adequate means Of lti9st
taxation hrrf
which property and industry are over surlhened ~
driven from the eouRtry dsstruetiEe Of tber e-
Noa psym Of the principal at the tine when IL ss
or even OF the interest," viii not cause loss Of sDc
II he circumstances are unusual such as hs oee1ns
ton Of part Of the territory By snsray By reason az
which tne levy and collection Of tAxes esanos be Isr
cd or such political financial rsyol1tisaa a a
naks Ihs p1net1al payment Of them tusross bis ,ib
cut so ever burthening property and industry a. to a.
8trOy The very sources OF revenue.
In regard g our sWn hsaaees rsesrameua ths 90,
iinued suspension Of The specie tax sud that no nor
taxes Be raised than sufficient to pay the uts,s, ~ re
pubHe dsbt and the eurrent expenses Of shs Cfova-
mezh and leave = the d1e Of psaca aad provs :, f
.hs Priaclpe. II the inititsry sstablishns5ts 4 -
fused As hereinaftsr rec nmendsd bsevs fbat -.
.haa TIVE millions Of dollars will be sufficient fsr ~.
payment Of the ozsst&nding Liabilities of ne Sts.s -
account Of military expenses, and provide for ts .
port or the STATE foreea and civil Govern ulenf s55
nset 81 appropriations during the present vsa- n
meet this, advise farther issue OF treasr-z pots
undeoie n sK per cent c9uPOn bonds a. twenty years
reaesmAbie q the pleasure Of the Stsis alsresi
payable snnuaily. -l
The ecupOns should be received IN paynsnt Of al
puoc dues except the tax for the payment Of the con
Vention notes such amOunt Of the aun1si taxes
should be specially sppsoprRtod ~ nap be necessary
70 pay the annual Interest tAs Hhols debt Tbe
holders Of the State treasury notes BY law entitled
ts fund them IN eight per cent bondz Tness bonds
VIII soon be prepared When issued thsy viii bs su-
lact 10 taxasion By the State. They viii Be
eoupons and the Interest viii b payable a tbs -.ss
nry only believe nat sig per cent. soupon beudg