The weekly Panola star. [volume] (Panola, Miss.) 1857-1881, 1866-09-01
Regulations Concerning Cotton,

The Commissioner Of Internal
Revenue has just issued the follow
ing important regulations concerning
the weighing and marking Of cotton,
the assessment and collection Of the
tax, and the removal Of cotton under
bond:
TREAsuny DEPARTMENT, 0rrcE Isr. Rev.
Washington, July 81, 1866.
The act Of July 10, 1866, provides
that on and after August /, 1866,
there shall be paid by the producer,
owner or holder, upon all cotton pro-
duced within the United States, and
upon which no tax has been levied,
paid or collected, a tax Of three cents
per pound, and that such tax shall
be and remain a lien thereon, in the
possession of any person whomsoev-
er, from the time when such law took
effect, or such cotton is produced,
until the same shall have been paid.
The same law prohibits, under severe
penalties, (which takes effect Septem-
Der 1, 1867 the removal Of cotton
out of the district in which it is pro-
duced before the tax is paid, unless it
is removed under bond or other secu-
rity, accompanied by the permit of
the assessor Of the district.
If, however, before September |,
1866, cotton should be removed out
Of the district in which it was pro-
duced without the payment Of the
tax, or without being bonded, it will
be subject to the payment Of three
cents per pound by The holder thereof,
wherever il may be found; and in
such cases, If any should occur, an
immediate assessment should be made
upon the holder, and if the tax is not
paid upon the demand Of the collec-
tor, the cotton may be seized under
section fo~rty-eight.
Any cotton produced in the United
States prior TO August l, 1866, which
may be found after that date beyond
the limits of the district in which il
was produced, no tax having been
paid thereon, will be subject to the
payment Of the tax of three cents
per pound by the holder, wherever
found, except in the following cases,
viz.
Cotton removed under a bond ex-
ecuted prior to August |, 1866, in
accordance with the regulations Of
the Secretary Of the Treasury, dated
October 0, 1865, which bond does
not expire until after August |, 1866,
will be subject only to the rate Of
tax two cents per pound in force at
the time Of the execution Of the
bond.
In all cases where cotton may have
been assessed and the assessment re-
turned to the collector prior to Au-
gust l, 1866, such cotton will be sub
Jet only to the rate 1.-TWO cents) 80
assessed, although the tax may moi
have been paid prior to August |.
PLACES FOR WEIGHING, ETC.
Section 3 authorizes the commits
%sioner to designate places in each
collection district where an assessor
or an assistant assessor, and a colleo-
tor or a deputy collector, shall b.
located, and where cotton may b
brought for the purpose Of being
weighed and appropriately marked
These places will be designated, and
public notice given Of the same from
time to time, as the proper informa'
ton Is received from the assessor
and collectors Of each district. Al
such places an assessor or assistani
assessor, and q collector or q deput.
collector, must be located, and, wher'
found necessary, persons will be sta
toned there whose duty Il will be 4
weigh and mark the cotton, undo
the supervision Of the assessor or Al
assistant, who will DO appointed b,
the Secretary Of the Treasury, undo
the authority conferred by section
The fees Of weighing and markinI
: viii be fxed by The Commissioners 9
Internal Revenue, and must In al
cases be paid by the producer, owne
or holder Of the cotton for whom th
, work Is done.
II