Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1864-06-09

the dstrict collector 60 deduct the amount Of such
tlthes. And any balance found due may Be paid Ia
bonds ana certificates auihorzsd By the reduce
che currency, and TO authorize sus Of notes and
bonds In like zuEer, kzts payable during the year
cin tina value Of gold aud silver wave and plate,
iewei ieFelry and wslches ten per cent On tie gaue
of ali shares inieseats hesd In any bank banking
eompsny association. canal navigation, importing
aBd exporting Dsuranee, manufacturing telegraph
presz railroad dry doek ooInpsnies and ali other Joint
stock companies Of everl kind whether Incorporated
or not Eve per cent which tax shall be assessed against
and raid by the company in each case Aud when the
Eh4rss interest IN any such company taxed,
other tax shall be Imposed nnder this set any
property OF suek company represented by the vaias
ton f eh shares interest directed il the second
section Of thia set except he tax imposed by the fst
paragraph OF the third section Of this set
Ses ii. The value Of property shares and interests
tsxei under the preceding section shall be assessed on
the tiAss Of the market value Of the Is similar
property In the neghborhood, when assessed in ths
year 1850 except that whsre lands slaves shares or
tsreit have been purchased since tbs 1st day Janu
ary 1862 ether than land purchased by refugees and
held ard occupied by them for their osn use and resi-
dens they shall be assessed at the price actually paid
for them by the owner If for any cAuss that esunot
be sEeeTtsinsd then At the market value at the Of
suol purchase. Shares interests created since sne
year 1860 snail be assessed their actual the
present holder Provided that no shares or interests
whsh worth par or over par shall be assessed
at lass tlan par.
Sic III Upon the amount Of ali g5ld and silver
eoir, gold dust, gold and silver bullion unless pur
chased since the first day Of January, 1862 and then
upon The actusl cost to the preaen holder, per
cent except where the Is already included the
tax shares interests imposed by the Fst section
Of this se and in such cases ten peF leEs the
amount Of tax inposedj and upon the value Of al
moneys held abroaa bills Of exchange dTaa ihere-
for and prossoTy notes. rgbts snd credits payable in
for0gn countries, i've per csnt according ths Ysiue
thsreo at The place where the tax thereon payable
at he time OF assessment except whgre the sams is
Inc uded in the tax shares interests impC ed By
the hrs section Of This And then vs per less
the amount Of imposed payable in Confederate
treksury notes or four per cent bonds certificates
e horized by the act OF February IL 1864 rsducs
the currency and authorize new izsue OF notes and
boilds
seeond-UpOn the smouni of all solvent ersdits aud
OF sI bank bsSnd all ether pspEr issued as eurrs ey
exclusive OF MISUNDERSTANDING Confederate and
Confederate bonds and not employed In registered
business The incoms derived from which Is taxed five
per cent upon the par value tksgeofs Provided that the
inSome derived from Confsdsrate bonds aud interest
bearing Confederate treasury notes shall be taxed
other incomes.
Sec ". That paragraph 4th Of section five Of the
game act be smsodsd by adding thereto follows
" In case of disagreement between the and the
officer reduction OF under this section
hs question shall be settled by referees provided
in the cases Of dsagreement under the Sth section Of
tbs act to ena act entitled act to levy
1 tAs common defense and carry the Government
the COnfeasFste States approved February II, Is6i
See v That paragraph sixth section four Of tbs act
to amend act entitled aet 20 lay taxes for ths
| common defense sEd carrying o. th8 Government Of
the Confederate States approved february H. 1864 b.
AID the is hereby amended as to Include Is
wholesale dealers manufactures and coSi and other
miners, and SAL manufacturers who MAKE business to
se tnelr own proonets 10 DINER dealers 70 sell sgaHi
and that section 10th of the be- and he gEms
/ il hereby amended so as to read as follows
The income property and money, other than Con
| fedeTeie treasury notes, Of hospitals, asyiums,
churches schools colleges and ether charitable nstitu
ttons shsll be exempt from axaon under the provlg-
lens Of this or any other law. The property Of eeR.
psoies provided urdsr the act entitled ian act to ss-
ttbiish voluntary navy, shall be exempt from taxa
ton; except on ths income
That paragraph 6, section Z, Of the act Be,
a1d the s hereby amended, by adding thereto
] follows:
IF any person shall fail to make dus return as re-
quired by said section of the income profits taxed
under any law Of Congress- ia Of disagreement
with the ssor to submit the to Referees
provided by law, shall fail refuse to pay the tax
thereon, whin such time shall be prescribed by pub
lie BOcs by the district collector, under the direction
Of the commissioner Of taxes, such peTEen shall be
deemed AMI held to be Ia default"
EeotOH VI That this shall not be 50 construed
TO subject to taxation corn, bacon and agricultural pro
ducts ich produced In tbs year lS63 snd ia ihs
Eossesson Of the producer he 18th day OF February
1864 and necessary for the support Of himself and fam
lily during the present year snd from or OF which taxes
| 10 kind had been deducted aud delivered or paid
Section VII That section fourth paragraphs one and
two OF ths approved February II 1854 entitled sr
act 10 lay additional for tho common defense and
support of this Governmeut be amended 10 levy
additional Of Atty per cent upon the amount o.
all profits made by selling ths articles mentioned 10 the
said paragraphs, between the 18th day Of February
1864 and the lst dsY Of July next, which sddonsaE
/ ihzll be collected under said act.