The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1865-01-24

in which case the said land slaves, cotton and to-
bacco purchased, shall be assessed at the price
actually paid for the same by the owner.
Sec 2. On the value of all shares or interests held
in any bank, banking company association, canal,
navigation, importing, exporting, insurance, manu-
sacturng. telegraph express railroad and dry dock
companies. and all other joint stock companies of
every kind, whether incorporated not, five per
cent.
The value of property taxed under this section
shall be assessed upon the basis of the market value
of such property in the neghborhood where assessed
in such currency may be in general use there, in
the purchase and sale of such property, at the time
of assessment.
Sec 3. |. Upon the amount of all gold and silver
coin, gold dust, gold silver bullion, whether held
by the banks other corporations or individuals.
five per cent; and upon all moneys held abroad or
upon the amount of all bills of exchange, drawn
therefor foreign countries, tax of five per cent;
such tax upon money abroad to be assessed and col
lected according to the value thereof at the place
where the tax is paid.
II. Upon the amount of all solvent credits. and
of all bank bills, and all other papers issued
rency exclusive of non interest bearing Confederate
treasury notes, and not employed in registered
business the income derived from which is taxed,
five per cent.
Sec 4. Upon profits made in trade and business
l. On all profits made by buying and selling spir-
ituous liquors. -four, wheat, corn, rice sugar, mo-
lasses syrup, salt, bacon, pork. hogs, beef or
:.
leather, horses, mules. boots, shoos cotton yarns
wool. woolen cotton mixed cloths hats wagons.
harness. coal, iron. steel nails, at time be-
tween the lst of January, 500. and the st January
1865, ten per cent, addition to the tax on such
profits income under the act to lay taxes for the
common defence, ana carry the Government of
the Confederate States. approved April 9th, 86S
II. On all profits made by buying and selling
money, gold silver, foreign exchange, stocks notes
debts, credits, obligations of any kind and any
eff Of IND
enumerated in the preceding paragraph between
the times named therein ten per cent, in addition
to the tax on such profits income, under the act
aforesaid.
five per cent, made during either of the years 1868
and 1864, by any bank or banking company. insu-
rance, canal, navigation, importing and exporting
telegraph express, railroad, manufacturing. DIV
dock. or other joint stock company of any descrp-
ton, whether incorporate not, twenty five per
cent on such excess.
Sec 5. The following exemptions from taxation
under this act shall be allowed to-wit:
1. Property of each head of family to the value
of five hundred dollars; and for each minor child of
the family 10 the further value of one hundred dol
lars; and for each actually engaged in the army
or nayyr Or who has died been killed in the mill
tary or naval service. and who was member of the
family when he entered the service TO the further
value of five hundred dollars
III. Property of the widow of any officer, soldier.
sailor or marine who may have died Or been killed
in the military naval service. or where there is
no widow, then of the family, being minor children
tc the value of one thousand dollars %
III. Property Of every officer, soldier. sailor or
marine, actually engaged in the military or naval
service. of such as have been disabled in such SER
vice. to the value of one thousand dollars; provided
that the above exemptions shall not apply TO any
person, whose property exclusive of household fur
niturc, shall be assessed at a value exceeding one
Thousand dollars.
" That whore property has been injured pr de-
stroyed by the enemy. the owner thereof has
been temporarily deprived of the or occupancy