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 Duke University Libraries 
 (Resolution con 
 Conf Pam #247 
 
 DTTOESTbD/ 
 
[Secret.] 
 HOUSE OF REPRPlf^EXrATTTE^;jlin(i\*rV243&&:--0rder- 
 
 ed to be printed 
 [By Mr. Russell. 
 
 1 Resolved, That the bill to levy additional taxes for the year 
 
 2 1865, for the support of the government, be recommitted to the 
 
 3 Committee od Ways and Means, with instructions to report a bill 
 
 4 or bills to provide means to carry on the war, which, besides 
 
 5 provisions of detail and provisions to equalize other taxes with 
 
 6 those hereinafter mentioned, shaU be substantially to the foUow- 
 
 7 ing effect: 
 
 1 Section 1. All appropriations heretofore or hereafter made to 
 
 2 pay any liabilities of the government incurred bef jro the 
 
 3 day of 1865, or accruing on contrac-s heretofore made, 
 
 4 (unless a different mode of payment Ije specially provided for 
 
 5 by law or contract, ) shall be paid in treasury notes of the pre- 
 
 6 sent issue, and the Secretary of the Treasury is hereby author- 
 
 7 Izcd to issue, under the direction of the President, a sufficient 
 
 8 amount of sucli treasury notes to pay all such appropriations, 
 y any lhi»giu any former law to the contrary notwithstanding. 
 
 1 SfcJC. 2. The taxes in kind for the present and each future year 
 
 2 shall bo double the ainiuuts of such taxes now imposed. 
 
 1 Sec. 3. All cotton and tobacco, nut now owned by citizens or 
 
2 
 
 2 subjects of neutral countries, shall be purchased, borrowed or 
 
 3 impressed for the government on the following terms : to be re- 
 
 4 turned in kind of equal quantity and quality within two years 
 
 5 after the war with an addition to the quantity at the rate of 
 
 6 per cent, per annunj, or, at the option of the owner, to 
 
 7 bo paid for at the specie value in bonds of the government. 
 
 1 Sec. 4. The President shall cause to be is^sucd, in such form, 
 
 2 of such denominations, and with such authentication as he shall 
 
 3 prescribe, bills to be called revenue bills, purporting that the 
 
 4 Confederate States owe to the bearer the sums of money there- 
 
 5 in respectively specified, and the same may be issued and re-is- 
 
 6 sued in payment of appropriations other than those first above 
 
 7 mentioned; but the amount of them outstanding shall not ex- 
 
 8 ceed at any time two hundred millions of dollars. 
 
 1 Sec. 5. Whenever the tax in kind of any subject shall not ex- 
 
 2 ceed dollars, the whole thereof, and in all other 
 
 3 cases the half of the tax in kind of any subject may, at the op- 
 
 4 tion of the tax payer, be commuted by paying in revenue bills 
 
 5 or specie four-fifths of the appraised value thereof to the proper 
 
 6 tax collector within days alter such value shall have 
 
 7 been ascertained according to law ; and such value shall be 
 
 8 estimated and ascertained in revenue bills. 
 
 1 Sec. 6. Whenever a sufficient amount of revenue bills to pay 
 
 2 for one or more bales of cotton shall be presented for redemp- 
 
 3 tion, the same shall be redeemed in cotton at the rate of fifty 
 
3 
 
 4 cents per pound. The cotton so delivered in redemption shall 
 
 5 not afterwards be liable to impressment and the same may be 
 
 6 exported without restriction, except the payment of the lawful 
 
 7 export duties. 
 
 1 Sec. 7. Treasury notes of the present issue may bo exchanged 
 
 2 at the treasury for revenue bills, at the rate of twenty dollars 
 
 3 of treasury notes for one dollar of rcvcMue bills, and, at the 
 
 4 same rate, may boused instead of revenue bills for the commu- 
 
 5 tation of taxes in kind, or for conversion into cotton, and with 
 
 6 like effect. ' 
 
 1 Sec. 8. Property impressed after the day of 
 
 2 1SG5, shall be paid for in revenue bills at the usual market prices. 
 
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