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 A bill making f 
 Conf Pam #268 
 
[IIoURE OF Reprkskntatfves, Xo. 380.] 
 
 HOUSE OF REPRESENTATIVES, February 24, 18(;5.~Read 
 first and second times, made coi)tinuin<r special order after present 
 ppecial orders and ordered to be piiuted. 
 
 [By Mr. Lyon, from Committee ol' Ways and Means. 
 
 A. BILL 
 
 Making furtbei- regulution^ ior tbe taxation ol banks and bank 
 notes, and for the eonfigcatiou of sueb noteai held by alien 
 euemie:^. 
 
 1 The Co-iigress uf the ('vnfed^ratf States of Aimrica du enact, as 
 
 '2 follows ; From the pa-sajtC of thi^J Acf thfie ^liall be annually lev- 
 
 o ied a tax of per centum upou the shares or capital stock, 
 
 4 and the sur^u^ or rcnervod fii,„l of cavU itu-oi-p-orated l).ink of 
 
 5 issue and deposit within th(^ ('fnift'dtMaii' Sditcs: the retitrn of 
 f» which said shares find rcsnvcil linid shall be made, and the tax 
 7 thereon paiil by the l>nnk itself. Th«>. tux upon tho said shores 
 » shall bo assessed u]>oii the aniount thereof, as estimated and 
 9 fixed by their charters, and shall, with the tax on the reserved 
 
 10 fund, constitute the only taxation to which the bank f<hall be 
 
 11 liable. 
 
 1 Sec. 2. If any holder of notes or bills of any such bank 
 
 2 shall, at any time before the day of 1865 
 
2 
 
 3 pnxliicc! llic s.'iiiK! I(t [lie assessor of tho roriferl orate States for 
 
 4 his district, to be li.^ted for taxation, and make affidavit before 
 
 5 the said assessor, that, so far as the affiant kuows or believes, 
 () the notes or bills so produced were, on tlie day of the passage 
 7 of this Act, and at the time of making such affidavit continue 
 
 • 8 to be, the property of a loyal citizen or citizens of the Confed- 
 
 9 erate States, or of a corporation chartered by one of the said 
 
 10 States and having its office or place of business within the limits of 
 
 11 such state, or of an alien whose property is not liable to seques- 
 
 12 tration under the existing laws of the Confederate States, such 
 
 13 notes or bills shall be assessed with a tax of five per centum on 
 
 14 their amount, to be paid by the holder thereof, to be paid partly 
 
 15 in specie and partly in Treasury notes of the Confederate 
 
 16 States, the part payable in specie bearing the same pioportiou 
 
 17 to the part payable in the said treasury notes, that the amount 
 
 18 of specie held by,the bank at the date of such assessment bears 
 Id to the sum of its outsianding notes or bills. And it shall be 
 
 20 the duty of every such assessor, at the time such notes or bills 
 
 21 arc produced and affidavit made as aforesaid, to naark every 
 
 22 such note or bill, by writing his name and official title across 
 23 the face thereof, and, as soon as practical le, after the said 
 
 24 day of 1865, to report to every such bank tlie 
 
3 
 
 25 amount of its notes and bills marked by him as aforesaid. For 
 
 26 failing to mark as aforesaid any such note or bill, he shall for- 
 
 27 feit and pay to the Confederate States double the amount there- 
 
 28 of, to be recovered by motion, upon ten days notice, in the dis- 
 
 29 trict court of the Confederate States, having jurisdiction over 
 
 30 his district ; and for failing to make such report as aforesaid to 
 
 31 any bank for the space of one month after the said 
 
 32 day of 1 865, he shall forfeit and pay to the Confed- 
 S3 erate States one thousand dollars, to be recovered upon such 
 34 notice and motion as aforesaid. 
 
 1 Sfic. 3. After the said day of 1865, no 
 
 2 such bank shall pay or redeem, or receive in payment or on de- 
 
 3 posit, any of its notes or bills not marked as aforesaid by an 
 
 4 assessor of the Confederate States. The act of any bank 
 
 5 oflicer in violation of this section, shall be regarded as tlie act 
 
 of the bank, and for every such act the bank shall forfeit and 
 
 7 pay to the Confederate States double the amount of the said 
 
 8 notes or bills so paid or redeemed, or received in payment or 
 
 9 on deposit, to be recovered by like motion and on like notice 
 10 as are mentioned in the last preceding section. 
 
 1 Sec. 4. Every person who shall falsely make or conntor- 
 
 2 feit any assessor's mark, such as is above provided for, upon 
 
3 anj such note or bill as aforesaid, shall be deemed f^uilty of for- 
 
 4 gery, and on conviction tlioreof, shall undergo the same puniah- 
 
 5 ment as is provided by law for the offence of forging a Treasury 
 
 6 note of the Confederate States. 
 
 1 Sec. a. All outstanding notc.-^ itnd liills of any Huch banks 
 
 2 as aforesaid, that ?hiill not have boon in'o<lucod to and marked 
 
 3 by an aeso^sor of tlic ('onftdoratc Statos, as aforesaid, before 
 
 4 the said day of 186.5, shall be deemed and 
 
 5 taken to b? tlu? property of alira cneniic.-* of the Confed- 
 
 6 crate States ; and each of the said banks shall, as soon as prac- 
 
 7 ticablc, after the day last mentioned, report to the Secretary of 
 
 8 the Treasury the amount of its notes and bills so outstanding 
 and unmarked as aforesaid, and after deducting therefrom such 
 
 10 an amount as the board of directors of any such bank shall 
 
 1 1 certify they verily believe to be no more than a fair allowance 
 
 12 for the diminution of the bills and notes outstanding by loss 
 
 13 or destruction thereof, shall pay the residue of said amount in- 
 
 14 to the Treasury of the Confederate States ; which payment 
 16 may be made in Cotfederate States Treasury notes equal in nomi- 
 
 16 nal amount to such residue, and when made shall be equivalent to 
 
 17 a full redemption of all such outstanding notes and bills, and 
 
 18 shall discharge such bank from all further liability on accouat 
 
•19 of tb© Rame. If any such bank sliall fail, for the apace of 
 20 months, to muke such report or such pa'jment as 
 
 ^1 aforesaid, it shall forfeit and pay to the Confederate States not 
 
 22 less than nor more than 
 
 23 thousand dollars, to be recovered by like motion and on like 
 
 24 notice as are mentioned in the second section: Provided, It 
 
 25 appears, at any time thereafter, that the said deduction exceed- 
 
 26 ed the amount of bills or notes estimated to have been lost or 
 
 27 destroyed, the bank w in error shall pay the excess into the 
 
 28 Treasury immediately on the discovery thereof, and in case of 
 
 29 default, be liable to be sued therefor; and should the amount 
 SO deducted be less than the amount of the bills or notes lost or 
 
 31 destroyed, the difference shall be paid to any bank thereunto 
 
 32 entitled out of any money in tho Treaf^ury not otherwise appro- 
 
 33 priated. 
 
 1 Sec. 6. The bank notes and bills marked as aforesaid, shall, 
 
 2 in each year after the assessment of tax thereon, as above pro- 
 
 3 vided for, be assessed witk a like tax of five per centum on 
 
 4 the amount thereof, which tax shall be payable partly in specie 
 
 5 and partly in Confederate Treasury notes, in like proportion of 
 G specie and Treasury notes as the tax herein just assessed upon 
 7 the said bank notes and bills; but no new production of the said 
 
i; 
 
 8 notes and bills to the assessor, or affidavit touching .the same, 
 
 9 or assessor's mark thereon, shall be required. 
 
 1 Sec. 7. This Act shall be in force from the passing thereof. 
 
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