Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-05-18
THE NEW COTTON TA1--IMPOR,
TANT TO DEALERS.

United States, and upon which no tax has
been levied, paid or collected, a tax of five
cents per pound The weight of such cotton
is to be ascertained by deducting from per
centum of tare from the gross weight OF each
bale or package The tax is to remain as
lien on the cotton, let it be in whose hands
it NAV, until paid, and no drawback Is, IN
anv case, to he allowed on raw or unmanu-
featured cotton of any tax paid thereon when
exported in the raw or manufactured
condition. There is to be no tax imposed
upon any cotton imported from other coun-
tries, on which impost has been paid. The
second section provides that the tax upon
cotton shall be levied by the assessor, on the
producer, owner or holder thereof, the tax
to be turned over to the collector of internal
revenue within and for the collection dis
trict where such assessments are made.
1t is made the duty of the collector to
whom any tax shall be paid, to make the
bales or other packages upon which tax
shall have been paid, so as to indicate clear
ly that the payment has been made. He is
also required to give the owner or any other
person having charge of such cotton per-
mission to remove the same, stating the
amount and payment Of the tax-time and
place of payment with the weight and marks
upon the bales and packages. 1t is made
the duty of every collector to keep clear and
sufficient records of all marks and identiti-
cations, and all permits for the removal of
the same, and of all transactions relating
to it.
The third section provides, that the COM
missioner of internal revenue shall desig-
nate one or more places in each collection
district in which an assessor shall be loca-
Gated, and where cotton may be brought, for
the purpose of being weighed and marked.
This is with the provisO that the necessa-
ry travelling expenses of each assessor or
collector be paid to and from such designa-
ted place, by the owners of such cotton.
The first section provides that all cotton
having been weighed and marked as above
indicated, and for which permits have been
obtained, may be removed from the district
without payment of the tax due, upon the
execution of such transportation bonds or
other security, and in accordance with such
regulations as shall be prescribed by the
commissioner of internal revenue, subject to
the approval of the Secretary of the Treasu-
nv. Upon the arrival of such cotton at its
destination, it shall be delivered to the col
lector of internal revenue or his deputy
forthwith, and it shall remain subject to his
control until taxes and charges for the Gus
tody thereof shall be paid. Nothing in this,
however, is to authorize any delay of
the payment of taxes for more than
ninety days from the day of permit; and
when cotton shall have been weighed and
marked, for which permit shall have been
granted, without prepayment of the tax, it
is made the duty of the assessor granting
such permit, to give immediate notice of
such permit to the collector of internal rev.
enue for the district to which said cotton is
to be transported, and shall also transmit
Herewith statement of the taxes due there
on, and of the bonds or other securities for
the payment thereof, &c.
1t is made unlawful, after the first day of
September, 1866, for any person having
charge of any vessel, or for any railroad
company, or other transportation company,
or for any common carrier, or other person,
to convey or attempt to convey or transport
any cottOn--the growth or produce of the
United States--to any point ont of the dis
trict in which it shall have been produced,
unless each bale or package thereof shall
have attached to or accompanying it, the
proper marks or evidence of the payment of
the revenue tax, or permit of the collector
for such removal, or the permit of the as
SCISSOR, as hereinbefore provided, under reg
ulatiOns of the commissioner of internal
revenue, subject to the approval of the Sec
rotary of the Treasury.
Persons violating the provisions of this
act are liable to penalty Of 500 for each
bale of cotton so conveyed or transported,
or attempted TO be conveyed or transported,
or to imprisonment for not more than one
year, or both; and all vessels and vehicles
employed in such conveyance, or transporta-
ton, are made liable to seizure and forfeit
ure by prosecuting in any court of the United
States having jurisdiction in the case. All
cotton so skipped, or attempted to be ship
ped or transported beyond the limits of the
collection district in which it was produced,
without payment of the tax, or the execu-
ton of such transportation bonds and other
security, rs provided in this act is to be for
feited to the United States and the proceeds
distributed according to the statute in like
cases provided.
The sixth section provides, that upon ar
ticles manufactured exclusively from cotton,
when exported, there shall be allowed as a
drawback an amount equal to the internal
tax which shall have been assessed and paid
upon such articles in their finished condi-
ton, and in addition thereto drawback or
allowance of as many cents per pound upon
the pound of cotton cloth, yarn or other ar
ticles manufactured exclusively from cotton
and exported as shall have been assessed
and paid in the form of an internal tax up
on the raw cotton entering into the manu-
facture of said cloth or other article the
amount of such allowance or drawback to
be ascertained in such manner as may be
| prescribed by the commission of internal
revenue, under the direction ofthe Secretary
of the Treasury; and so much of section one
hundred and seventy one of the act of June
80, 1864, as now provides for a drawback on
manufactured cotton is revoked The sew
enth section makes it the duty of every per-
son, firm or corporation, manufacturing cot
ton for any purpose whatever, in any district
where Gotten is produced, to return to the
assessor or assistant assessor of the district
in which said manufacture is carried on,
true statement in writing, signed by
him, and verified by his oath or aflir-
nation and 4 duplicate thereof TO
the collector of said district. on or before the
tenth day of each month; and the first state
ment so rendered is to bemade before the 10th
day of July, 1866, and is to state the amount
of cotton which such manufacturer had on
hand and manufactured, or in process of
manufacture, on the first day of said month;
and each subsequent statement is to show
the whole amount in pounds, gross weight,
of cotton purchased or obtained, and the
whole amount consumed by him in business
or process Of manufacture during the last
preceding calendar month, and the quality
and character of the goods manufactured
therefrom and every such manufacturer or
consumer is required to keep a book, in
which he shall enter the quantity in pounds
of cotton he has on hand on the first day Of
July, 1866, and each quantity or lot pur
chased or obtained by him thereafter the
time when and the party or parties from
whom the same was obtained; the quantity
of said cotton, if any, which is the growth
of the collection district where the same is
manufactured; the quantity, if any, which
has not been weighed and marked by any
officer herein authorized to weigh and mark
the same the quantity, if any, upon which
the tax had not been paid, SO far as can be
ascertained, before the manufacture thereof;
and also the quantities used or disposed of
bv him, from time to time, in any process Of
manufacture or otherwise, and the quar-
tity AMI character Of the product thereof,
which book shall, 4: all times during bust
less hours, be open to the inspection of the
assessor, assistant assessors, collector or de-
putty collectors of the district, inspectors, or
| of revenue agents; and such manufacturers
are required to paw mouthlv to the collector,