New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-04-09
LOAN ron THE DEFENSE or rHE.

LOAN FOR THE DEFENSE 0FTHE
Confederate States.
4 Five millions Of this most advantageous f,yest-
ment will be offered TO the public Cd the 15th ApT
ensuing, and every citizen throughout the Confsd
crate States will bave the opportunity Of taking
share Of the benefit, at the same time Of sustain.
4 ing the cause of his country. "
/ Bonds with coupons will be issued in sums from
$1,000 to $50, and where it is preferred, stock cer
tliicates in the usual form may be had. The inter
est is at eight per cent. per annum payable every
six months at all our principal cities,
| The debt has the very unusual and important se-
curty of duty of eighth Of cent per pound,
or about G2 cents per bale all cotton exported.
This duty under all circumstances Of peace war,
secures the punctual payment of the interest, and
furnishes sinking fund for the redemption of The
principal. The coupons when due are receivable
4 in payment Of the duty on cotton, and ara thun
made available as coin everywhere inour country
In order to enable all portions Of our people to
part Of this valuable investment and TO eEhfyis
their common interest in raising funds for the soaa
mon defense, books ofsubscription will BE- opeuest
at the cities and principal interior towns five psT
cent. must be paid in cash att the time of subserfp
| ton, and the remainder on or before the lst MaY
| interest to run from the date Of such payment
Persons desiring to secure their subscriptions may
4 pay in cash the whole amount, and take receipE
/ for the delivery of bonds or stock. To eqnalize
the rate of subscription at all points, and to eHagsa
all persons convenientyto to subscribe, current ban
notes of the place will be received at their Inarsa
1 value in coin. NV VI
In case Of an over-subsetfptfan preferences wila
be given to those who pay down Tho Whsas snb+
scrpton; next to subscribers Of no ne1t I'D aaE,-
| scrbers Of 800. SS
4 Il a478 8{3fyts s3Yv1rs
sM Secretary os she Ersasarys
Montgomery. March l6th. 1861.
| For more ample information 10 all concerned n
copy of the act of Congress is subjoined
| AN ACT TO RAISE MONEY FOR THE sUppoRr on TIiE
| GOVERNMENT, AND TO PROVIDE FOR THE DRRENsg
OF THE CONFEDERATE STATES OF AMERICA.
SECTION l. The Congress Of The oontedssasef
States of America do enact, That the President 81
| the Confederate States be and be is herebg ats4
| thorized, at any time within twelve months afser
the passage of this act, to borrow the credit Of
i the Confederate States, sum not exceeding ff
teen millions of dollars, much thereof as in
his opinion the exigeneies of the public service
may require, to be applied to the pay yment OF np
i preparations made by law for the support Of the
Government and for the defense Of the Confederate
States. 51 &S 5S
SEC. q The Secretary Of the Treasury ii hereby
authorized by the consent of the President Of the
Confederate States, to to be prepared cartf-
cates of stock bonds, in such gums as are here.
matter mentioned, for the amount to be borrowed
Treasury, and sealed with the seal of the TFeasury.
and the said certificates OF stock bonds shall be
made payable at the expiration of fen years from
the first day of September next; and the interest
thereon shall be paid semi annually, at the rate Of
eight per cent. per annum, at the Treasury and
such other places as the Secretary of the Treasury
may designate And to the bonds which shall ne
issued as aforesaid, shall be attached coupons for
the semannual interest which may accrue, which
coupons may be signed by officers to be appointed
| for the purpose by the Secretary of the Treasury
| And the faith the 10
| pledged for the due payment of the principal and
| interest of the said stock and bonds. * a
| SEC. g. At the expiration of five years from tha
first day of September next, the Confederate States
| may pay up any portion Of the bonds or stoeha.
| upon giving three months previous public notice
at the seat OF Government, of the particular stocks
| or bonds to be paid, and the time and place OF
| payment; and from and after the time so ap-~
pointed no further interest shall be paid On said
| stock or bonds.
SEC. 4. The certificates of stock and bonds ahaik
| be issued in such form and for such amounts rs H
| may be determined by the Secretary of the Treas
| ury and may be assigned or delivered under snck
regulations as he may establish. But none of them
shall be for less sum than fifty dollars and he
shall report to Congress. at its next session,
statement in detail of his proceedings, and the rate
at which the loans may have been made, and all T
| expenses attending the same. A.
Sec. s. From and after the first day Of August
1861, there shall be levied collected and paid ~
duty of one-eighth Of one cent per pound Oh alla
cotton in the raw state exported from the Confad4
crate States which duty is hereby specially
pledged to the due payment Of interest and prines
| pal of the loan provided for in this act and the
Secretary Of the Treasury is hereby authorized and
required to establish sinking fund TO carry into
effect the provisions of this section. Provided
| however, That the interest coupons issued under
the second section of this act, when due, shall be
receivable in payment of the export dnty on ooasi
| ton provided, aso that when the debt and in e
terest thereon herein authorized to be contracted
shall be extinguished, the sinking fund provided
for that purpose shall be adequate to that end the
said export duty shall cease and determine.
Approved 2Sth February, 1861.
Referring to the above advertisement for loaxs
of FIVE MILLIONS OF DOLLARS to the Confederate;
States, together with the act of Congress creating
it, the undersigned, appointed Commissioners,
give notice to the public that books of subscription
for said loan, will be opened at the Citizens Bank
of Louisiana, on the l7th of April, 1861. II
Apart from other considerations, this loan oiieYs
to subscribers high rate of nterest- eight PEI
cent. per dnnu1na-payable semi annually, and the
highest order of security-a special appropriation
of an export duty on cotton of one-eighth of a
cent per pound-thus presenting inducements
which cannot fail to commend the loan TO public
favor as sound and profitable investment.
aa"I SAMUEL SMITH.
JAMES d. DtHEGREs 5lts,
e-sz EsM. j. F0RsTALl,.
. b.. JOHN /. MQBLB-
NEW oRlRAss, March 90 1851. mal2o tapiT
a3~Dr. Charles &c. s&eIls, Dentist No. sE55
Canal raet between arondalet Hreune Hewor aans
r.