The History of the Confederate Treasury ..
The History of the Confederate Treasury ..
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After a few months, it was generally admitted that the Act would not bring in an adequate tax.
This was caused partly by evasion and the system itself, yet largely by increased national demand and higher prices.
The President said the taxation was too slow for exigen- cies since it was not available within a year. But that was a commendable showing in comparison with the War Tax of August, 1861, which had not been announced as com- pleted until November, 1863, the avails having been raised to $...19,500,000 from $16,660,000, reported a year earlier.
By February, 1864, the Commissioner had collected $35,- 000,000 from- seven States, Georgia leading with $10,876,- 000. Up to April 16, 1864, receipts were reported**^ of $82,262,349 from 471 collection districts ; 133 districts had been cut off by the enemy, an aggregate embracing one- third of the population of the Confederacy. The actual value of this amount of revenue must be viewed in the light of the depreciated currency of the time. The state- ment of Mr.
What to read after The History of the Confederate Treasury ..?
You can find similar books in the "Read Also" column, or choose other free books by Smith, Ernest Ashton, 1868-1926 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
After a few months, it was generally admitted that the Act would not bring in an adequate tax.
This was caused partly by evasion and the system itself, yet largely by increased national demand and higher prices.
The President said the taxation was too slow for exigen- cies since it was not available within a year. But that was a commendable showing in comparison with the War Tax of August, 1861, which had not been announced as com- pleted until November, 1863, the avails having been raised to $...19,500,000 from $16,660,000, reported a year earlier.
By February, 1864, the Commissioner had collected $35,- 000,000 from- seven States, Georgia leading with $10,876,- 000. Up to April 16, 1864, receipts were reported**^ of $82,262,349 from 471 collection districts ; 133 districts had been cut off by the enemy, an aggregate embracing one- third of the population of the Confederacy. The actual value of this amount of revenue must be viewed in the light of the depreciated currency of the time. The state- ment of Mr.
What to read after The History of the Confederate Treasury ..?
You can find similar books in the "Read Also" column, or choose other free books by Smith, Ernest Ashton, 1868-1926 to read onlineMoreLess
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