The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1864-03-23

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|cent.
These two taxes are payable now.
"A like tax with number is levied upon
Joint stock companies for 1864, payable
July /. 1865.
EXEMPTIONS.
|. For each head of family, $500; for
each minor child, 500 more, aud for each
son in the army or died in the service, $500
more.
2. For each soldiers widow or family OF
minors, 81. 1000
5. For each soldier in service or disabled.
81 900, provided his property (not includ
linz turniture) is less than 81 100
4. Provision is made for deduction lrou
value Of property injured BY the enemy, or
ot refugees.
| 5. Confederate bonds held for minors or
lunatics are exempt, il the interest be less
than 81 900
Such are The provisions Of The tax act.
| We come next TO
THE FUNDING ACT.
The general effect Of this law Is 10 eo'n-
pei funding, or SUBMISSION TO heavy taxa
ton. .
The holder OF currency may be either an
individual, bank or Stale. Sect'on Il
refers to The duties aud privileges at state
holding currenc q; section 10 70 those VI a
bank.
EAST OF THE MISSISSIPPI.
The individual holder u ordinary Con
iederate Treasury notes, not bearing lnte-
rest, Is affected as follows:
/. Ii lie holt. SlU0 bills. hon .Interrsi
bearing, he must fund said note, ~ -FOUR per
cent. Confederate bond, Idescubrd NOSE
fully hereaiter} O.iotr April !, DOL. az risr
pay then lax Of So per cent, and un MAJ
l. 1864. another tax 81 10 per cent, and -
on monlhly 10 per cent. unlii the D,n - ab-
surbei in October. Alter A,tl lst. thr
said taxes attach 10 the note a. II credits
were written thereon. Inc nstr = 10 Ion
ger receivable Tor public dies, aud 10 Ion.
ger exchanged for the new Issue 81 carren'
cs hereafter described. but nav bc rA'
changed TOR per cent. bonds. alter deduct
lng the taxes due.
These provisions necessarily enforce the
finding Of 500 bills.
2. Inc holder III So, eos and 10. mus
fluid said mites Ly April /. 1854. IA lou
per cent. bonds. OF pay -. per cent. TAXA
tiun attaching 10 each bal. lie can Il.
change tnr bill 30 taxed lur a new Issue n
treasury notes al the rate u g. ul hes loI
80 Of DID bills. or lnr fo0r per cent. call Ger.
tIhcatrs. al tic same rate. PAYABLE on cal
~ the Eew Issue, or iour per oent bonds
he can also pay taxes, postage aad the iik,
II i've same rate. Oh january l, 1905
I however, tar Of ohe hundred per cent. Il
imposed upon all such old bills not IundeC
or exchanged.
s. Tie holder of SIS bills must fund Of
exchange them il like manneT--:he date .
funding. however. being July /. 1864.
The 100 per cent. Tax. payable JauuaT,
l, 1868, on bills not funded. does uot seen
. 10 apply. however. 70 IS bills.
} 4. The holders IL biIls Under e. are no
affected By the funding act. 30 nosh iol
J holders of non-in,erest bearing nsce>.
5. Holders Of $50 notes easnss A.
!. the a longer 10 payment 81 pabia dr.
I. They are converted. BY the direct s2srasIs
i Of the ac:. iatc bonds payable twe ysaas Al
! TER peace.
{ o. Holders Of callrertifrates zee ses-rn
: ed by the same provisions ~ holders .
: the currency into which these were soassv
iible. II not converted, interest Will B.
r paid On tvo.thirds 81 their face. alter Apvl
? l. 1864. and they continue convertible int
i treasury notes ~ Tie new issue at the rat,
e Of 81 Of new for 50 Of old. Holders Of .acI
Q certificates. under the act Of March s5rJ
1868, can (by section Isl receive the bond
o therein provided Tor.
NoRTn CARoLisA 0rFiegRs ExcHAs0Ep.-
o The Tag Of lroce boat last week bloupl,
:, k.... ri ~ a....k.... n -. I,t 81 ,