Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1867-04-05


u The Income Tax.
The following is the form of making in
come returns for 1866, under the new law.
The reader viii see at glance the charac-
ter of the articles to be returned upon, and
the deductions to be made
RETURNS.
|. From the profits Ill any trade, bust
ness or vocation from which income is ac-
tually derived, or any interest therein
wherever carried on.
2. From the payment Of debts in form
er year considered lost, and which have not
paid previous income tax.
;. From rents.
! 1. From farming operations-amount of
live stock sold, amount of agricultural pro-
ducts sold.
) From profits realized by sales of real
estate purchased since December 81, 1868
6. From interest Oh any bonds or other
evidences Of Indebtedness of anv railroad.
canal, turnpike, canal navigation or slack
water company, or interest Or dividends on
stock, capital or deposits in any bank, trust
company, savings institution, insurance.
railroad, canal turnpike, canal navigation
or slackwater company.
! 7. From dividends of any Incorporated
company other than those above men
! toned.
s. From gains and profits of any incor-
! porated company not divided.
8. From interest on notes, bonds or other
securities of tile United States
! 10. From interest on notes, bonds. mort
cages OF securities other than those emu
merated above.
IL. From any salary other than as an Of
! fcer Or employee of the United States.
! IL. From any salary or pay as IN officer
or employee of the United States
i ID. From profits on sales of gold or
stocks, whenever purchased.
II. From all sources not above enumer-
ated.
Gross income.
DEDUCTIONS
l. Exempt by law, 81, 600
2. National, State, county and municipal
taxes paid within the year.
). Losses actually sustained during the
year from fire. shipwreck Or incurred il
trade, and not already deducted in the as
certaining profits.
4. Losses OIL sales Of real estate Durcia-
sed since December 81, 1863.
). Amount paid for hired labor to cul-
tivate land from which income is de-
rived
g. Amount paid for the live stock which
was sold within the year.
l. Amount actually paid for rent of
homestead.
s. Amount paid for usual or ordinary re-
pairs, excluding payments for new build
ing, permanent improvements, or better
ments.
g. Interest paid out OF falling due within
the year.
H. SALARY or pay as an officer or en-
plOyee of the United States, from which
tax has been withheld
IL. Interest or dividends from corpora
tons enumerated above in paragraph six.
Taxable income.
Amount of taxes at per cent
CARRIAGES, GOLD WATCHES, BILLIARD TABLES
AND SILVER PLATE
Schedule A.-Secti0n 1OO Act .Jitne 30, 1864, as
amended Jely ID, 1860
TAXABLE PROPERTY
Carriage, phaton, carryall, rockaway, or
other like carriage, and any coach, hackney
coach, omnibus or four-wheeled carriage,
the body of which rests upon springs of
any description, which is kept for use, for
hire or for passengers, and which is not
used exclusively in husbandry or in the
transportation of merchandise, valued at
exceeding $500 and not exceeding $500, in
Guiding harness used therewith-$6.
Carriages of like description valued above
$5O0-$1O
Gold watches, composed wholly or in
part of gold or gilt, kept for use, valued at
500 or less-Sl.
Billiard tables kept fol use, and not sub
iect to special tax-S1O.
On plate of silver, kept for Use, per ounce
troy-00 cents.
On plate of silver, kept for use, per ounce
troy, exceeding forty ounces, used by one
family-5O cents.
Observation-Disclosures of General G. It.
Beauregard.
New ORLEANS La, March %, 1867.
Va. II. c. Hing Editor Of the Ne,r Orleans Times,
Ne,c Orleans, L.:
DEAR SIR You have done me the honor to call
for my opinion relative to the action of the South
under the military bill. Having seldom taken any
part in politics, do not feel well qualified to adj
wise on so momentous question: nevertheless
the same desire to obtain my views has been
manifested from various quarters, [ shall not
shrink from the responsibility of expressing them
in the hope that they may tend to quiet the pub
lie mind, so justly alarmed at this moment
In my humble opinion, We have but one of two
things to do-res1st O. s6n1d; the first is mad
missIble in painfully exhausted condition.
-Four years of desperate war have taught us that
the argument of the sword no longer be
resorted to by us to redress our grievances. We
nifty becoming our manhood and our lost indie
pendence.
having DGen OVcrpOWcrCu Ill the ldL6 struggle,
VIC can submit to the harsh and ungenerous con-
ditons OF conquerors without dishonor, and
we must adopt the least of two evils futile re-
sistance would only rivets to be driven
closer; must then acquiesce or leave the coun-
try. But love too dearly the land of our birth
to abandon it i'll its hour of severest trial. We
should avoid, also, bringing it, by internal dis
sensions, to the condition of poor Mexico and the
unfortunate South American republics.
With regard to the suffrage Of the freedmen,
however Objectionable it may be at present. it is
an element of strength for the future If properly
handled and directed we shall defeat our adver-
saries with their own weapon.
The negro is Southern born With a little edu-
cation and some property qualifications he be
made to take sufficient interest in the affairs and
prosperity of the South to insure an intelligent
vote on his part.
In our future political contests with the North,
on protective tariffs internal improvements, etc,
the freedmen of the South will side with the whites
of the South and of the West, and they will thus
contribute to give us back the influence we for
merlv had in the councils of the nation.
Our people should understand that the Radicals
can remain in power Only so long the public
excitement is kept up. AS with the turbid waters
of the Mississippi river the sedimentary particles
are kept up at the surface only SO long as the
waters are in motion, the instant the current is