Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1864-03-11

curroEcg: We think nos. They are 70 bel
paid III kind.
Q. The extra profit tx of 10 per cent, en-
profits Of 1868, is now due.
3. The registry and gross snles lakes ior
April, July and October.
Rat no, Tia Income, salary ~ rratr""irr"l
,,y.,E for | 81. which 40 ~."yAiie j"Gi..y ],
J >a:. -
SO va! r:vw I"p;"-c ~ ..'rC"r = io"' 4
,Ae rrost imrUrian. ~ NJ" Eyl ?!;.iar vnos-
I,i,ns Connected with these :rta:
J.. When - the t.. ~ agricultural proper
" +, lr paid. l;Y section i an lSt Juoc lsGi
~ IS son:, thereafter as practicable, he whole
properly tux ID 10 be- paid. By o t:;on IRON
tie T.; u property employed in agriculture
| shall he d-luctcI The value If the tax in kind
delivered therefor, provided. that M srell.
shall be allowed ley"rd ) pcT cent. We cali
not think this language authorizes the con-
| s~truction ,Shich requires the planter 10 pay
the ) per ceH.. tax in advance, eni liarc tho
values cftho i;lLsa refunded from time ~ tune.
| Tho money tax il 70 he paid when aseertained.
The tax ID to be paid ne s)on alter June ns
uracticable, when it is sscertained what de-
duction" is to be made from the D per cent.
tax for the value Of the 1.-THE. The other cons
a~tructicn is not supported either by the nature
ni'the thing or tho language of the law. The law
does not contemplate ''reluDdlng but 'deiuc-
tiuu"-not tie advancement Of more than is
due, but tho payment Of residue. And 1t
would DO q most incouvcniens and rigorous
rule to require men to raise money, ut & time
OF the year when planters certainly have moth.
ing to sell, to DO refunded by driblets IN the
fall.
The law would be iketinconvenient to tax
PAYERS aud tax collectors.
Qne,y-Gou'd q planter pay his estimated
deficit (vjz between the S per cont. tax and
the aggregate value Of tithes, supposing tho
latter insufficient, in advance in tho 4 per
cent. bonds, or at the close d~el!very-wtIch,
for bacon and cotton, might be IN 1910! FRO
baby he could. -,
1t il an important !acttbat the tithcs will be
valued in the new and reduced currency, ard
therefore not 60 80 fir as might be anti:lpn:ed,
Judging from this ysar's valuation. Also, that
the / per cent. bonds do not help the 1.-THE.
.. Is the tax upon gold and silver coin. eX-
change, &c, to be paid in kinl :-i.e .,5 per
cent. Of The gold itself, &c. :,
The language seems stldipusly to imply
this: In other sections the word value IL
employed-in reference to gold md silver
coin &C., the word "amount"-"upon the
AMOUNT Of gold 5 par cent tot OF It's value
t would seem but of itself. A distinction
mado in the 81 section scems TO favor this
view-it being impossible to ray 5 per cent.
Of the actual corpus Of money held abroad, the
tax is levied upon 'lIe value Of such money.
The reason seems to support lie construction.
Why such discriminate III between Foreign ex-
change on the one hand and money held
abroad on the other-as would tax the latter
- times as high Is the former? None, cyl
IDENTIFY. They are both taxed alike, both IN
the sans soction and having like relations
The gold or exchange here IS to BIO paid in
gold or exchange. The gold ajyoad is 10 pay
tax in Confederate money here Oh its value
hero, while exchange can he paid in kind.
Since the foreign gold itself cannot b" reach
ed 10 kind the "a section Of THE act scems 20
have been drawn with q nice and exact rtt.--
snre TO this distinction.
Qucrp-Will four per cent. bonds pay these
taxes OH gold, silver. bullion, exchange, Sc
No-Nut il the foregoing view IS correct.
The foregoing reasoning applies 10 crcd-
its. currency, &c-the amount Of which,
and not their value is ta1ed-these. too, are
PAYABLE in kind. 1t will be h troublesome
matter with some. of them. for they are no. prop"
erly derisabie-Stil the argument seems lie.
cisive.
3. If the government prefers that Treasury
notes should be funded rather than pny the tax 81
81 per cnnt-cou.d not the mechanical j itiicuity
of counting 10 Il limited time be overcome reGdi.
" enough rOTll no. the department issue notes
after the manner OF the Express companies, for
pack G sealed and said to contain so much, 30
bo afterwards opened and counted at leisure. Ii
there ba n decided prets, ence for funding as the
Interest tf the government, the mechanical d.tli-
Guilty would seem n pitiiGl obstacle.
SINE other views Of the general system and OF
certain matters Of detuil will be presented i'll
another articia.