The four Per Cents.
The Charleston Mercury publishes the following important information to holders of the four per cents:Office Commissioner of taxes,
Richmond, August 20, 1864.
J. K. Sass, Esq., President of the Bank of Charleston, Charleston, South Carolina:Sir:
Your letter of the 13th instant, to the address of the Secretary of the Treasury, has been referred to this Bureau.
You state that it is reported there that the tax collectors have been instructed not to receive four per cent, certificates in payment of taxes from any but the original subscribers; or, in other words, certificates transferred to a third party are not available for the payment of taxes.--I am not aware that any such instructions have ever been issued.
I am certain none such have emanated from the department at this office.
On the contrary, you will see from the enclosed copy of regulations, that four per cent, certificates may be transferred indefinitely, and that the holder may use them in payment of his taxes, whether he be the original holder, or a mere assigned, by conforming to the requirements of Article 2 of said regulations.
J. K. Sass, Esq., President of the Bank of Charleston, Charleston, South Carolina:Sir:
The following is the paragraph from the Tax Commissioner's "regulations" referred to above:
Treasury Departments,
Confederate States of America,
Richmond, April 30, 1864.
When any such four per cent bond or certificate is used in payment of any tax or taxes, there must, before the same is received, be written upon it, or upon some paper annexed, an assignment to the district collector, who, or which deputy, shall receive it, expressed in terms denoting that such assignment is made in payment of a tax or taxes due from the then holder or holders, or from some partnership, firm, or incorporated association, whereof he is, or they are, a member or members, or from some member or members (named) of a partnership, firm or incorporated association, then holding and about to assign the same.
When the person or persons thus making an assignment to the district collector shall not be the person or persons in whose name or names said bond or certificate was issued, there must, before the same is received, be written upon it, or upon some paper annexed, an assignment from the latter under which, either directly, or through some intermediate assignment or assignments, the former shall appear to be assignee or assignees thereof; but it shall suffice, if there is an assignment in blank as to the name or names of the assignee or assignees, which blank may be validly filled with the name or names of the holder or holders at the time of his, her, or their, transferring the bond or certificate to the district collector.
And in every case, before such collector or his deputy shall receive any such bond or certificate, each assignment thereof, whether in full or in blank, as afore-said, must have an authentication in due form, for which a certificate of, any district collector, or his deputy, or of any magistrate, or notary public, or clerk of a court of record, in the words, "executed before me," or "acknowledged before me," and signed officially, shall suffice. 