New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-04-01
LOAN FOR THE DEFENSE or THE
Confederafc states. alEs

Confederate States.
Five millions OF this most advantageous invest
ment will be offered TO the public on the I7t
ensuing and every citizen throughout the Confed-
crate States W i'll have the opportunity Of taking
share Of Ia benefit, at the same time Of sustain
ing the cause Of his country.
Bonds with coupons will be issued IN sums from
$1,000 to $50, and where is preferred, stock GER
tiicates in the usual form may be had. The inter
est is at eight per cent. per annun payable every
six months at all our principal cities
The debt has the very unusual and imp portant NV
curity Of duty Of one. eighth Of cent per pound.
or about 90 cents per bale on all cotton exported
This duty, under allcrcumstanees Of peace or war,
secures the punctual payment Of the interest," and
furnishes sinking fund for the redemption of the
prDcipal The coupons when due are receivable
ia payment of the duty on cotton, and are thus
made available as coin, everywhere ID our country
In order to enable all portions Of TO take
| part Of this valuable investment and 70 exhibit
their common interest in raising funds for the
mon defense, books Of subscription Will ne opened
at the cities and principal interior towns; fye per
cent must be paid in cash at the time of
ton, and the remainder on or before the lst
| interest to run from the date Of such pay ynsent
Persons desiring to secure their subser ptons may
| nav in cash the whole amount and take ~ rec ceipG
| for the delivery of bonds or stock. 10 equallze
the rate Of subscription at all points and to enable
all persons conveniently to subscribe current bank
notes of the place will be received at their market
| value in coin.
In case Of an oYersubscription, preference Will
be given to those who pay down the whole snb-s
seripton; next to subscribers Of $50 next TO sub
scfloets u give q. G. aEMsfINGER,
4 sseretzFy Of The Treasury.
| .-,t..a IN, Il tt
For more ample information to all concerned, y
COPY of the act of Congress is subjnined
3 An ACT TO RAISE MONEY FOR THE SUPPORT OF THE
GOVERNMENT, AND TO PROVIDE FOR THE DEFIts
" OF THE CONFEDERATE STATES OF AMERICA
:. SECTION 4. Ihe Congress .of the Spafedgrdfe
States of America do enact That tne aI
. tie Confederate States be and he is hereby aus
| fhnrized at any time within twelve months after
VI the passage of this act to borrow, on the credit 81
n the Confederate States sum not exceeding "
teen millions of dollars, or so much thereof as IN
,f his opinion the exigences Of the public service
! may require, to be applied to the payment of
n nroprations made by law for the support OF the
oyernment and for the defense of the Confederate
s. States. !. !, rs -
authorized by the consent of the President OF the
Confederate States to cause to be prepared eerfi-
1T fcates of stock bonds in such sums as are here
v matter mentioned for the amount to ne borrowed
. as aforesaid, to be signed by the Register Of the
Treasury and sealed with the seal Of the Treasury
and the said certificates of stock or bonds shall be-
e made payable at the expiration OF ten years from
q the first day of September next and the interest,"
thereon shall be paid semi annually, at the rate of
} EIGHT Der cent per annum, at the Treasury and
such other places as the Secretary OF the treasury
Q may designate. And to the bonds which shall pc
q issued as aforesaid shall be attached coupons for
y the sem-annual interest which may accrue, which
l. coupons may be signed by officers to pc appointed
r for the purpose by the Secretary Of the treasury
And the faith Of the Confederate States - hereby
: nledred for the due payment Of the principal and
~ interest of the said stock and bonds
Sc. s. AT the expiration Of five years from the
frat day of September next the Confederate states
NAV pay up any portion of the bonds or stocks
upon giving three months previous public notice.
re at the scat Of Government Of the
, or bonds to be paid and the time and place Sof
navment: and from and after the time go ap-s
a. pointed, no further interest shall be paid on SAID
ly stock or bonds. q,
o he issued in such form and for such amounts as
g NAV be determined by the Secretary q ING Ifaas
sy nv and may be assigned or Delivered under SUCH
nd regulations as he may establish But none of tnem
ha shaI he for less sum than fifty dollars; and ne
:, shall report 10 Congress- at its next session, q
ell statement in detail of his proceedings, and the rate
on at which the loans may have been mades ana ait
EXPENSES attending the same.
ho Sec & From and after the first day Of August,
n 1851 there shall be levied, collected and paid q
ne duty Of oneeighth Of one cent Per pound on 81
ed cotton in the raw state exported from the Confea-
ne crate States ; which duty is hereby specially
pledged to the due OF interest and pTinei-
bal Of the loan provided for in this act and the
OF Secretary of the Treasury hereby and
we reoured TO establish sinking fund 10 carry into
"A effect the provisions OF this section. ProYiaed,
however That the interest coupons issued under
the second section of this act, when due shall pc
'nt receivable in payment of the export duty on col
ird ton provided also, that when the debt and m
ao terest thereon herein authorized to be contracted
shalt be extinguished the sinking tund
'te or that be adequate IN that end ths
said exnort ilutv shall cease and determine.
Approved 2sth February, ls6i
Referring to the above advertisement for Lea
'ge of FIVE M1LLIoSs OF DOLLARS 70 the Gonfederat
na States together with the act ee Congress eressp
Gu eMa' it, the undersigned, appointed Commissioners
Ivy give notice to the public that books of subscrsntio
for said loan, will be opened at the Citizens Banl
of Louisiana on the nth Of April 1861.
ne Apart from other considerations, this loan oler
,bn to subscribers high rate Of inter fsgat pe
oe1 cent. pe, ars1satle-payabe semi annual and IN
ee: highest order Of security special app1opratlo
,ine of an export duty cotton OF one-eisnth 81
nts cent per pound-thus presenting laaneemea.
lin which cannot fail to commend the loan to pADil
M, favor as a sound and profitable investment.
hour '@''t sAsIU ELL SMITH
sus- JAMES E,S nENFE&R RE-
har- ERM. j. FoRSTALTi.
ar. JOHN ], NOBLE
Commissioners
-, NEW ORLEANS, March %, 1851 rAas29 taral
test PELICAN INSURANCE CoMP4asY. Bc9Rs of so
Re- gcrlption to the capital stock Of this company
now open. They are in the hands Of a number
our most prominent citisans, whcse names q
we given in the notice elsewhere published. M'
chants and others desiring TO take stock, ean 9