Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1864-02-24
The Exemption and Currency Acts.

The Exemption and Currency Acts.
We expected to receive these acts in full in time
for our present issue, but we had no mail from
Richmond on Wednesday night. We give the sub
stance of these acts as follows from the dispatches
in the daily papers:
The currency act provides that holders of nom
interest bearing notes five dollars, be allowed
till first of April east of the Mississippi, and July
west to fund in twenty year bonds bearing four
per cent All notes not funded or paid to the Gov
ernment in taxes or dues within that tme shall be
taxed thirty. three and one third per cent and fund
able till first January next after which taxed one
hundred per cent. Hundred dollar notes not pre-
sented within that time, no longer receivable for
public dues aud taxed ten per cent. per month, in
addition to the thirty three and one-third.
The present issue of notes to continue till the 1st
of April, after which new issue is authorized to
be kept within reasonable limits. Six per cent
bonds to the amount Of five hundred millions, may
be issued ard sold to raise money to meet the ex-
penses of the Government =.
All duties on imports to be paid in specie. ster-
ling exchange or coupons. On these bonds all
import and export duties are especially pledged to
pay the interest
The Tax bill levies five per cent on most Of real,
personal and mixed property Stock bank bills, and
solvent credits. Twenty per cent on incomes, prof
it's &C.
The military act declares all between II and 80
in service during the war. All between 1s and As
in service to be retained under existing organ
izations and officers All between II ard l8, and
45 and So to be enrolled for State defence Pro.
vost Hospital, and Conscript guard duty to be
performed by men between ls and 45, who are unfit
for the field.
E1emptions-all unfit for thsaaeld, members Of
Congress- State Legislatures and other Confederate
ends Sfofo
one editor to each newspaper now published, and
such employees as are indispensable; apothecary
to each drug store doing business on the 10th of
October 1862; physicians over thirty years who
have beenaseven years in the practice; President
Teachers in colleges and schools who have been
regularly teaching for two years and have twenty
students one person on farms of fifteen field hands
and give bond and security to deliver to the govern
ment one hundred pounds of bacon and beef to
every hand, and sell all surplus at schedule ratea-
Ohcers OF railroads IS heretofore reported and the
President and Secretary of War are authorized to
grant exemptions, as heretofore reported
RoBBEREs.-Crossing the lines to the enemy ia
SAD to be attended with danger, especially to those
who have money in their possession. We learn
that former resident Of this place. (Mr Fraps,) in
attempting to get through by way of Murfrees
borough, was robbed by couple of men protesting
to belong to Col. Hinton's command, of sssl in
gold four gold watches, Bank notes, &c, COL Hin.
M ton Is dong all in his power to detect the rosues.
IL detected we have no doubt he will punish them
severely. Mr.. Traps is an industrious mechanic;
ana mas thus lost the result Of the labor Of many
years. He had passport.
we publish to day the conclusion of Mr.. Moore's
review OF Judge French's decision. His argument
70 snow that the substitute law created contract
between Inc government and the principal, seems
to US TO be conclusive.
Several mistakes occurred in Mr. Moora,. 6-st