The Lancaster ledger. [volume] (Lancaster, S.C.) 1852-1905, 1864-03-02

incorporated or not, hve per cent.
The value Of property taxed under this
section shall be assessed upon tbs basis Of
the market value Of such property in The
neighberheod where assessed, in such cur
rensy as may be in general use there, in
the purchase and sale Of such property,
at the time Of assessment.
SKc. 3. !. Upon tbs amount Of all
gold and silver coin, gold duet. gold or
silver bullion, whether held by the banks
or other corporations or individuals, Ave
per cent ; aud upon all moneys held
abroad, or upon the amount Of NIL bills Of
exchange, drawn therefor on foreign coun
tries, tax Of FIVE per cent such tax
upon money abroad to be assessed and
collected according to the value thereof
at the place whore the tax is paid.
III. Upon the amount Of all solvent
credits, asd Of all bank bills, and al 9th
or papers issued as currency, exclusive Of
non interest bearing Confederate Trsa.u
~ nots', and no, employed in regis
tered business, the income derived from
which Ia taxed, five per cent.
SEC. 4. Upon profits made in trade
and business, A. follows:
/. On all pro6ts made by buying and
selling spirituous liquors, flour, wheat,
corn, rice. sugar, molsssss or syrup, salt,
bacon, pork, hogs, beef or beef cattle,
sheep, oats, hay, fodder, raw hides, loa.h
sr, horses, mules, boots, shoes, cotton
yarns, wool, wooIen, cotton o. mixed
cloths, hats, wagons, harness, coal, iron,
STEEL or nails, At any time between the
first Of January, 1868. and the fra, OF
January, 1865, ten per cent, in addition
to the tax On such profits IS income un
der the. "act to lay .sxes for the common
defence, aud carry on the Government, Of
the Confederate S.Srs.," approved April
24,h, 1862.
IL. Gu all profits made by buying and
selling money, gold, silver foreign Ok
change. stocks, notes. debts, credits or
obligations Of any kind, aud any m.r
chsndise, property or effects Of any kind.
not enumerated in the preceding para
graph, between the times named therein,
ten per cent, in addition 10 The tax on
such profits - income under the act
aforesaid.
' III. On the amount Of profits exceed
ing twenty Eve Per cent. made during
either ef the years 1863 and s64, by
any bank or b~ukiog company. insurance,
Canal, nsvig alton importing and export
ing, telegraph, express, railroads. manu-
featuring dry dock, 81. otIer joint stock
company Of any description, whs,hss in,
corpor",sd or not. twenty Eve per cent.
on such excess.
Ssc. S. The following sxenpiisss from
taxation under this scl shall bs allowed,
to wit:
!. Property Of each head Of . family
to The value Of i've hundred doIisrs and
for each minor child Of the family TO the
further value Of Que hundred Of dollars !;
and for each son actually sugAgsd in the
army or navy, or ~bo has died or been
killed in The military o, naval service,
and who WAS . member Of The family
when he entered the service, to the fur.
.bsr value VI Eve hundred dollars.
III. Property Of the widow Of any Off.
csr, soldier, sailor or MARINE, Who may
have died or been killed in the military
or naval ssrSics, or where there 10 no
widow, ,hso Of he family. being minor
children, 70 the value Of one thousand
dollars.
ILL Property Of avery officer, soldier.
sailor or marine, actually engaged in the
military or naval ssrvics, or Of such ss
have been disabled in such service, 10 ih.
value Of on. thousand dollars. provided
that, the above exceptions shsll 20. sp
ply TO any person, whose property, sx.
elusive OF household fursiturs, shall b.
sssssssd at svslus exceeding one thou
ssnd dollars
Nv. Ths. whore property has been in
jursd or destroyed ~ the enemy, or the
owner thereof has been temporarily de.
privsd Of the use or occupancy thereof,
or Of the means Of euI,ivating the same,
BY reason Of the presence or proximity Of
the enemy, the assessment on such pro.
psrty may be rsducsd, 10 proportion to
the damage sustained by the owner, or
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