Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1864-02-26
REBEL CONSUMPTION Bill

The rebel Congress adjourned on the 18th,
to meet May next, after passing the Conscrip-
tion Bill, Currency Bill, and new Tax Bill.
REBEL CoNsCRIPTIoN BILL.
The Couscription Bill provides that all
white men, residents, between eighteen and
fifty, shall be in military service during the
war, all between Is and As, now in service,
shall be retained during the war, in the same
organizations now serving. At the expira-
tion of six months from the 1st of April next,
a bounty of 500 in six per cent. Government
bonds, shall be paid all enlisted men. All be-
tween the ages of II and 18 form a reserve
corps, not to serve out CT their own States
Exempted are the Vice-President, members
aud officers of Congress, State Legislatures,
and such Confederate State officers as the
President ard Governors may certify as be-
ing necessary for carrying on the Government;
ministers of religion, superintendents and ply
sicians of charitable institutions, one editor on
each newspaper, and such employees as he
may certify to as requisite to do the public
printing, apothecaries and physicians, one
person on each plantation having fifteen able
bodied field-hands, under certain conditionsi
mail-carriers, and such as are physically and
mentally disabIed.
The President and Secretary of War have
the power to make the details required by
the exigencies of the public service.
The REBEL CURRENCY MBAsURKs-CoN-
PUIsoRY FUNDING OF OLD NorEs-THE TAX
Es LEv1ED.-The rebel Currency Act provides
for compulsory funding of Confederate Treasu-
ry Notes. All holders of Treasury Notes
above the denomination of five dollars, not
bearing interest, shall be allowed until the lst
of April next, east of the Mississippi Kiver,
and until the 1st of July next, west of the
Mississippi, to fund the same in twenty-year
bonds, bearing four per cent. interest, paya-
bic semi-annually. All Treasury Notes not
funded or used in payment of taxes within
these periods, shall pay tax of 1875 per
cent. for every dollar promised on the face OF
said notes, and said taxes shall attach to said
notes, wherever circulated, by deducting the
same, by all Government officers, wherever
presented for public dues.
All Treasury notes Of the denomination OF
one hundred dollars, not bearing interest, and
not funded within the above period shall, in ad-
dition to the tax of sixty-six and one-third per
until presented. The Secretary of the Trea-
sury is authorized to substitute new Treasury
notes for old ones at the rate Of sixty-six and
two-thirds cents on the dollar, but one huu-
drad dollar notes are not thus exchanged
The right to fund any Treasury note ceases on
the lst of January next, and all old notes out
standing shall pay tax of one hundred per
cent.
The bill levies five per cent. upon the value
of all property, real, personal and mixed ten
per cent. on articles of gold and silver five
per cent on all stocks, gold and silver coin,
bullion, moneys held abroad, and foreign bills
of exchange ani all incomes ten per cent.
on all business profits twenty-five per cent
on all profits exceeding twenty-five per cent.
of capital invested ;~except property Of heads
of families, persons in the military or naval
service, widows of same, to amounts ranging
from $500 to 81 900.