Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1864-02-23

of January, 1862, in which case the said land
slaves, cotton and tobacco so purchased, all
be assessed at the price actually paid for th
same by the owner.
Sec. 2. On the value of all shares or interest
held in any bank, banking company or associa
tion, canal, navigation, importing, exporting
insurance, manufacturing, telegraph, express
| railroad, and dry dock companies and othe
Joint stock companies Of every kind, whethe
incorporated or not, i've per cent.
The value of property taxed under this sec,
tion shall be assessed upon the basis OF the mar
ket value of such currency as may be in gener
al use there, in the purchase and sale of suci
| property, at the time OF assessment.
Sec. 8. |. Upon the amount of all gold an
silver coin, gold dust, gold or silver bullion
whether held by the banks or other corporations
Tor individuals, five per cent; and upon all bills
of exchange, drawn therefor on foreign countrie:
a tax of five per cent; such tax upon money
bro d to be assessed and collected according tc
theayalue thereof ct the place whore the tax is
paid,
! II. Upon the amount of all solvent credits,
and of all bank bills, and all other papers issued
| as currency, exclusive of non interest bearing
| Confederare treasury notes, and not employed
in registered business, the income derived
from which is taxed, five per cent.
Sec 4. Upon profits made il trade and bus
mess, as follows -,
l. On all profits made by buying and selling
spirituous liquors, flour, wheat, corn, rice, sugar.
molasses or ayrqp, salt. bacon. pork, hogs, beef
or beef cattle, sheep, oats hay fodder raw hides,
leather, horses, mules boots, shoes, cotton yarns,
wool, woolens, cotton or mixed cloths, hats,
wagons horness, COAL iron, steel or nails, at any
time between the first of January, 1869, and the
1st Of January 1866, ten per oent, in addition to
the tax on such profits as income under the
act, to lay taxes for the common defence, and
carry on the Government of the Confederate
States," approved April Gath 1868.
II. On ali profits made by buying and selling
money, gold, silver, foreign exchange, stocks,
notes, debts, credits, or obligations of any kind,
and any merchandise, property or effects Of
any kind, enumerated in the preceding para
graph, between the times named therein, ten
per cent, in addition to the tax on sch profits
as income, under the act aforesaid.
III. On the amonnt of profits e1ceeding
twenty five per cent, made during either of the
years 1868 and 1854, by any bank or banking
company, insurance, canal, navigation, impor-
ting and exporting, telegraph, cypress, railroad,
manufacturing, dry dock, or other joint stock
company of any description, whether incorporate
or not, twenty five per cent on such egcess.
Sec. 5. The following exemptions from tao
alton under this act shall be allowed to wit.
|. Property Of each held Of family to the val
ue of five hundred dollars and for each minor
child of the family to the further value of one
hundred dollars and for each son actually enga-
ged in the army or navy, or who has died or
been killed in the military or naval service, and
who was member of the family when he en-
tered the service, to the further value of five
hundr ed dollars.
IL. Property of the widow of any officer, SOL
dier, sailor or marine, who may have died or
been killed in the military or naval service or
where there is no widow, then of the family,
being minor children, to the value of one thous-
and dollars.
III. Property of every officer, sailor or mar
inc, actually engaged in the military or nava
service, or of such as have been disabled in such
service, to tue value of one thousand dollars,
provided that the above exemptions shall not
apply to any person, whose property, exclusive
of household furniture, shall de assessed alta val
| ue eGoeeding one thousand dollars.
". That where property has been injured or
destroyed by the enemy, or the owner thereof
has been temporarily deprived of the use or oc-
cupancy thereof, or of the means of caltivating
the same, by reason of the presence or pro1imi-
| ty OF the enemy, the assessment on such proper
ty may be reduced in proportion to the damage
suStaueu Uy Inc OWNer, OF Jne taG assessed there
on may be reduced in the same ratio by the dis
trict collector, on satisfactory evidence SUBJ
mtted to him by the owner or assessor.
Sec. 6. That the tarss on property laid for the
year 1854 shall be assessed as on the day of the
passage of this act, and be due and collected on
the first day of June next, or as soon after as
practicable, allowing an eetension of ninety days
west of the Mississippi river. The additional taG-
es on income or profits for the year 1868, lev.
led by this act, shall be assessed andcollected
forthwith and the ts0ss on incomes or profits
for. the year 1864 shall be assessed and col
lected according to the provisions of the tas and
assessment acts of 1S63
Sec. T. So much of the tae act of the oath
day of April 1868, as levies tax on incomes
derived from property or effects or the amount
or value of which tar is levied by this act,
and also the first section of said act, are sus-
pended for the year 1864, and no estimated
rent, hire, or interest on property or credits
herein taged adj 0olorena, shall be assessed or
tapsd as inooEces, under the tsg act of 1868.
Sec. 8. That the ta9 imposed by this act on
bonds Of the Confederate States heretofore is4
sued, shall in no case e1ceed the interest on
the same, and such bonds when held by or for
minors or lunaties, shall be exempt from the
tag in all cisas where the interest on the same
shall not e9osed one thousand dollars.
THE SMALL POX.