Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1864-02-23

An {. . I.y aadl..is r. ts5ss for ,ho sommoH ds''l

and support Of the Government.
SECTION 1. Tic cezFrsss IF the Confederate
Slatezof Amsrics 80 enact, That in addition 70
the taxes levied BY tbs "sct 30 ley taxes for the
common defense, snd to carry On the Govern.
ment Of tire Confederate States" approved 9th
April, 1863, tnero shall be levied frana the psS-
sage Of this act, on the subjects Of 6axztion
hereafter mentioned, and collected from every
person, co-psrtnegship, association or corpora
ton Bsble therefor, lakes as follows, to wit:
+ Upon the value of property, real, personal
ard mixed, Of every kind and description, net
/ hereinafter Exempted or taxed at different rsts,
five pr cen; provided, that from this tax on
tho value Of property employed ia agriculture,
shall ba dedaciad the vslue Of tho Tx in kind
] delivered therslrcm, As sseHrsEised under tho
law imposing It, sud delivered to the Govern
mani; provided, that no crsdit shall be aliowsd
beyond FIVE per cent
II. On Che value Of gold and silver warss and
| plate, jewels, iswsiry and watches, ten per cant
III. The vslue of property taxed under this
section, shall DO assessed On the basis Of the
maEkes value Of the same, or similar properly in
the ueighb0rhood where assessed in the year
| 1860, except in cases where land, slaves, cotton
or tobacco have been purchased since the lat Of
January, 1862, IN which case the said lands,
slaves, cotton and tobacco so purchased. shall
be assessed az the price actually paid for the
same By the owner.
Sc. 9. On the Vslus Of sll shares or inter-
ests held in any bank, banking company or as
socisticn, canal, navigation, importing, export
ing, insurance, manufacturing, telegraph, ex-
press, railroad snd dry dock companies, and sll
other joint stock companies Of every kind,
whether incorporated or not, i've per cent.
The value Of property taxed under this ssskion
shall be assessed upon he basis Of the market
vsiue of such property in the neighborhoOd
where assessed, IN such currency ss may be in
general use there, In the purchase and sale of
such property at the time Of such assessment.
Sec 3 T. Upon the amount Of all gold and
silver coin, gold dust, gold CT silver bullion,
whether held By the banks or other corporations
or individuals, FIVE per cent; and upon all
moneys held abroad, or upon tho amount Of al
bills of exchange, drawn therefor on foreign
countries, q tax Of five per cent; such tax upon
money abroad to BE- assessed and collected &C
| earding 10 me value thereof At the place where
the tax is paid.
II. Upon The amount of all solvent credits,
and CT all back bills, and other papers issued ss
currency, exclusive Of n0n-inteTest bearing
Confederate treasury notes, snd net employed
in e registered business, the income derived
from which is taxed, Eve per cont
Sec. 4. Upon prohs made in trade and bust
ness, IS follows
I On all profits made BY buying sad selling
spiritUoug liquors, -four, wheat, corn, rice, su-
gar, molagsea, or ayrup, salt, bacon, pork, hogs,
beef or beef cattle, sheep, cats, hay, fodter,
raw hides, leather, horses, mules, boots, shoes,
cotton yarns, wool, wooden, cotton or mixed
cloths, hsts, wagons, harness, coal, iron, steel
or nails, at any time between the irst day Of
January, 1863, and the first day Of Janu-
airy, 1866, ten per cent IN addition 70 the
tax On such profits as income under the sac. 10
lay taxes for The Common defense, and carry On
the Government Of he Confederate States" aD-
proved April 2iih, 1863
IL On sll prof,s made by buying and selling
money, gold; silver, foreign exchange, stocks,
notes, debts, credits or obligations Of any kind,
and any merchandise, property or effect Of any
kind, nos enumerated in the preceding para
graph, between the times named therein, ten
per csnt, in addition to the tax on such profit
as income, under the aforesaid act.
III. On the amount Of profits exceeding
twenty-five per cent, made daring either of the
years 1893 and 1864, by any bsnk or banking
company, insurance, canal, navigation, import
ing and exporting, telegraph, express, railroad,
manufacturing, dry dock, or other Joint stock
company Of any description, whether incorpor-
ated OF not twenty-five per cent on such ex-
cess.
Sec. ). The following exemptions from taxa
ton undeT this set shall be allowed, TO. wit:
l. LAupoLtE VI 1AEu uGaA u 2 ltlllAF 70 EI6
value Of fyo hundred doilRrBi and for each
minor child Of he family to the further value Of
ono hundred dollars; and for each son actually
engaged Il in tho army or navy, or who has died.
or beer killed in the military or naval service,
and who was q member Of the family when lie
entered the service, TO The farther value of Eve
handred dollars.
II Properly Of the widow Of any officer, sol
der, sailor or marine, who msy have died or
been killed in the military or naval service, OF
where there is no widow, thoR Of the family,
hsing minor children, to The value Of one thou-
sand dollars.
III Property Of every officer, soldier, sailor
or marine, Ectusly engaged IN the military or
laval service, or Of such "a have been disabled
such service, to The Talus Of ons thousand
dollars, provided that the above exemptions shall
not apply toany person, whose property, excIu-
sIye Of household furniture, shall be assessed If
a value exceeding one Thousand dollars.
". Thai where property has been injured or
destroyed BY the enemy, or the o5ynsr thereof |
has been temporarily deprived Of the use or oc
eupsocY thereof, Or o. TIE mans of cuitiVafine 1
tbs sans, BY reason Of she presence or proxim.
lily Of Che enemy, the Assessment on such prop-l
may Do reduced, in pToportisn 70 the dam
sge sustained By the owner, or the tax assessed
thereon may be reduced in the same ratio by
the district collector, on satisfactory evidence
to him By Tie owner or assessor.
Sec. 6 That the axes on property laid for the
pear 1864 shall be assessed as on The day of ths
passage Of tbis act, and be dus and colleetsd ON
.he Isl day Of June next, or az soon after as
practicable, allowing an extension CT ninety
lays west Of foe Mississippi river. The sddi-
iousl taxes ON incomes or profits for the year
1868, levied b. this act, shall be assessed and
collected forthwith, and the taxes on incomes or
profits ioF tho year 1864 shall be assessed and
according 70 the provisions of The tax
sud Assessment acts Of 1868.
Sec T. So much Of tho tax act of the 2Atb
day Of April 1858, as levies a tax On incomes
q srived from property or effects en- the amount
or value OF which a tax is levied By this ses
also the hrst section OF said act Is sus-
pended for the year 1864. and no estimated
rent, hire orlntersst On property or credits herein
.axed ad OatOTsm, shall be assessed or taxed AZ
incomes, under The tax act OF 1859.
Sec 3. That The tax imposed bv this act on
9en9s OF the Sontedersts States heratofore L.
iued, shall IN no case exceed the interest on the
anne, sAd such bonds, when held BY OF for mi
loTs or ~iunaties, shall be exempt from the lax
Q ali cases where the interest on the sans shall
lotexceed ore thousand dollars.
Views from Bermada-Msvements Of the
blockade ssanners.
rom n, Y. herald, Feb. 49,
By The arrival ofthe brig Excelsior at tbis mort
yesterday We have files Of Bermuda papers
lated 70 she 81 inst.
The Colonial Parliament, which stood pro.