New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-10-14
Circular,
7, COMPENSATE STATES or AMERICA.
Treasury Department,

8 coSfEpERArE STATES or AMERICA,
8 81 III Treasury Department, :
s%t M Richmond, Aug. q, 1851. Is
Secretary ofthe Treasury toue bonds to am extent not a
ceedng hundred millions dollars for the purpose Of fund
ing It's treasury notes. and making exchanges for the pro-
ceeds the sale of produce manufactured ac s and
the purchase Of specie and military stores
Under the authority Ola previous Secretary appointed
Commissioners resident in different sections the
States 10 sec in advance from planters manufacturers and
others subscriptions the proceeds of the sale of their crop
and other branches Of industry e bepad for in bonds of the
Confederate States.
70 the patriotic and Jealous efforts of these Commissioners no
less than to the lofty patriotism people the Government
is indebted for aggregate subscription which reaches slready
many millions of dollars The beray every class of the
community has been evnced The cotton rice tho tobacco
and the sugar planters have We'd with each other the
first named staple aohe the subsc ptio OF the States
reaches from one third onehaf OF the entire crop
1t NOT proposed IS has been frequently explained 10 inter-
ee WIN 'he us" ana arrangements Of planters and
others in making sale of theft produce This is hot
1t is only asked mat each individual shall Indicate advance
hepopo. ton the WHICH he is willing me thu
time and place Of delivery the factor merchant in whoe
hands ii is TO be placed for SALE and who authorized to DAY
over the proceeds and receive in exchange Confederate bonds
The bonds carry per cent payable and are not
to be issued of less denomination one hundred dollars ex
cep where the subscription for amount when the limit
is liked at htty dollars The of the principal and III
ercst Of the bonds secured will be perceived BY snecaI
act OF Congress. 1910
interests, which
the opportunity OF contributing the wants and sustaining
the credit OF the Governments condition to make
cash subscriptions to the loan previously authorized Their
plus capital was already invested and their
sources in the nature Of things mainly to be looked for in
the future Upon such future resources they are r;zed
safely TO draw, and the Investment proposed aside from its
claims on the of patriotism ay regarded as alto
geher advantageous and safe any other business
tons
The time of sale referred TO in the caption the lists which
ont is intended indie tie usual date Mt which the
brought TO Market and will be subject to those
considerations of mutual interest would POSTPONE sale
where the property would be sacrificed.
Special agents have been appointed or will be appointed in
county district Of the South They wifi be furnished
with subscription and bring subject before
their teilewctilens in every proper manner by personal an
peals public addresses through isrulentaty Of the
The results Of their abors Will communicate from
time 10 time to this Department requested that agents
will endorse the lists the postoce county
and State to which they belong. III aI f..
The sections of the several Acts If Congress-
the subject OF the Loan herewith Annexed
o. G. MEMMINGER,
the Treasury