The tri-weekly standard. [volume] (Raleigh, N.C.) 1866-1868, 1867-01-29
RALEIGH, N. c., TUESDAY,,

circulation shall deposit in the treasury of the
United States, in lawful money, the amount OF
its outstanding circulation, be redeemee at par,
! under such regulations the Secretary of the
Treasury shall prescribe it shall be exempt from
any tax upon such circulation; and whenever any
State bank or banking association has been con-
verted into a national banking association, and
such national banking association has assumed
| the liabilities of such State bank or banking
sociatlon, including the redemption OF its bills,
by any agreement understanding whatever
with the representatives of such State bank or
banking association, such national banking
sociation shall be held to make the reuuired re-
| turn and payment on the circulation outstanding
so long as such circulation shall exceed five per
centum of the capitol before such conversion of
such State bank or Ranking association.
| That an act entitled An act to declare the
meaning of certain parts of the internal revenue
act approved June thirty, eighteen hundred and
| sixty four, and for other purposes approved
March tenth, eighteen hundred and sixty-six, be
amended by striking out sections three, four, and
five of said act and inserting in lieu thereof the
following: That it shall be the duty of all persons
| required to make returns or lists of income and
articles or objects charged with an internal tax,
to declare in such returns or lists whether the
veral rates and amounts therein contained
| stated according to their values in legal tender
currency or according to their values i'll coined
money; and in case of neglect or refusal SO to
declare to the satisfaction of the assistant
sor receiving such returns or lists, such assistant
assessor is hereby required to make returns or
| lists for such persons SO negectlng or refusing
as in cases of persons neglecting or refusing to
make the returns or lists required by the acts a.
foresaid, and to asses the tax thereon and to add
thereto the amount of penalties imposed by law
in cases of such neglect or refusal And when
ever the rates and amounts contained in the re-
turns OF lists aforesaid shall be stated in coin
| cd money, 1t shall be the duty or each assessor
receiving the to reduce such rates and a
mounts TO their equivalent in legal tender cur
| rency, according to the value of such coined mo-
ney in said currency for the time covered by said
returns. And the lists required by law to be fur
nsLed to collectors by assessors shall in all cases
contain the several amounts of taxes
sed estimated, or valued i'll legal tender currency
| only.
| Sec. 10. And be it further enacted, That, from
and after the passage Of this act the articles and
| products hereinafter enumerated shall be exempt
| from internal tax -
Alum; aluminium; aluminous cake, patent
alum, sulphate of alumna, and cobalt;
Anilinc and aniline colors;
! Animal charcoal, or carbon;
| Anvils
Articles manufactured in institutions for the
| blind and in institutions for the deaf and dumb,
which sold TO aid in their support, or the sup
| port of the pupils.
Barrels and casks, other than those used for the
reception OF fluids; packing boxes made of wood;
and boxes of wood or paper for friction mathes,
| cigar lights, and Wa. tapcrS;
| BCCSWlN, crude or unreiincd;
| Bi-chr"mate and prussate oi potash;
| Bleaching powders;
! Blue VitrlOl;
| Borax, and boracic acid
! Brass not more advanced than rods or sheets
! Brick, lire brick, draining tiles. cement, drain
ami sewer pipes, Carthern and stone watcr-pipcs,
rctorts and tiles made OF clay;
| Brstics;
BroOms made from corn. brush, or palm leaf:
Buil,ling stone of all kinds including slate,
marble, frcesione, and soap-stone, and rock, and
| ground gypsum;
Bunting and flags of tie United States. and
banners made of bunting OF domestic nanulac-
| turc
Burrstones, millstones, and grndstones, rough
or wrought;
Candle wicking;
! ChrOHOnctcrS;
| Collins and burial cases
| Coppcras:
! Copper, lead, and tin in ingots, pigs, or
| bars;
Copper and yellow sheatine met Il, not more
! advanced han rods or Sheets
| Crates, and grain or farm baskets made Of
splints;
Crucbes OF all kinds;
Clutches and artificial limbs. eyes and teeth;
! Dcer-SkinS smoked, or not oil-dressed;
Feather beds, mattresses, palliasses, holsters,
| and pillows;
| Fertilizers of all kinds;
| Elasks and Patterns used by founders;
| Flax and the manufactures thereof:
| FiavOring extracts solely for cooking purpo-
ses;
German silver in bars sheets;
| Gold leaf and gold Toll;
! Hemp and jute prepared for textile or felting
| purposes;
| Halls Of ships and other vessels
institutions for their own use exclusively;
India-rubber springs used exclusively for rail
road cars;
Iroa bridges and castings for iron bridges;
Iron drain and sewer pipes:
Keys, actions, and strings for musical instru-
| ments;
Lithargc and orange mineral;
Machines driven by horse power and used cX-
clusiycly forcutting tirewoOd slaves, and single
| bolts; and hand-saws;
Magnesium, calcned magnesia, and carbonate
| of magnesia;
Maileable iron castings, unfinished;
| Manganese;
Masts, spars, ship and vessel blocks, and tree
nail wedges and deck plugs, cordage, ropes, and
cables made of vegetable fibre;
! Medicinal and mineral waters, of all kinds, sold
in bottles or from fountains and mead;
Mounting and machinery of telescopes for as
Economical purposes;
Mills ami machinery for the manufacture OF
sugar, sirup, and molasses from sorghum imphce
bects corn;
Mineral coal OF all kinds and peat;
Monuments of stone of all kinds, not exceed
ing in value the sum of one hundred dollars: Pro-
vided, That monuments exceeding the value a
foresaid, erected by public or private contribu-
tions to commemorate the service of Cnion soldiers
who have fallen in battle, shall be exempt from
taXetiOn
Mouldings for looking glasses and picture
frames
Murirtic, nitric, and acetic acids;
Nickel, quicksilver, and sodium;
Nitrate OF lead;
Oakum;
Original paintings, statues, and groups of sta
tuaIy and casts made thereof by the artists from
the original designs;
Oxide of zinc;
Paints, painters and paper stainers' CO.
| lOrs;
Printing paper of all descriptions; and tarred
paper for roofing and other purposes; books,
maps, charts, and all printed matter and book
binding; paraffine; paraffine oil, not exceeding
in specific gravity thiry-six degrees Baume's hy-
dromctcr, rcsiduum of distillation or the pro-
ducts thereof; lubricating oil made from crude
petroleum, coal, or shae, not exceeding, in spe-
citic gravity thirty-sx degrees Baume's hydro
meter: Provided, That such oil shall be subject
to the same inspection as illuminating OIL crude
petroleum, and crude Oil the product of the first
and single distillation of coal, shale asphaltum,
peat, or other bituminous substances;
| Photographs or any other sun picture, being
copies OF engravings or works of art when the
same are sold by the producer ut wholesale at a
price not exceeding fifteen cents each, are used
| ror the illustration of books;
Pickles, when sold by the gallon and not con-
| tanned in glass packages;
Pig-iron; muck bar; blooms, slabs, and
loops;
Ploughs, cultivators, harrows, straw and hay
enters, planters, seed-drils, horse-rakes, hand
rakes, cotton gins grain cradles, and winnowing-
mills
Pot and pearl ashes;
Productions of stereotype-s photographers, en-
| gravers, and electrotypcrs;
Pntty;
Quinine, morphine, and other vegetable alka-
ioids and phosphorus;