New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-04-06

Five millions Of this most advantageous invest
I nnent will be offered 10 the public on tfe T7th April
ensuing, and every citizen throughout the gonfed-
crate States wifi have the opportunity of taking
share Of the benefit at the same time Of sustain
/ ing the cause of his country.
Bonds with coupons will be issued Id sums from
$1,000 TO $50, and where it is preferred stock GER
tifcates in the usna form may be had. The inter
est il at eight per cent. per annHm payable every
six months at all our principal eiies4
| The debt has the very unusual and important se-
curity Of duty of one eighth Of cent per pound,
or about 62 cents per bale ali cotton exported.
This duty under all circumstances of peace or war
secures the punetual payment Of the interest, and
furnishes sinking fund for the redemption Of THE
principal. The coupons when due are receivable
in payment Of the duty on cotton, and are thus
made available as coin, everywhere id our country.
In order to enable all portions Of our people take
part Of this valuable investment and to exhibit
their interest III raising funds for the COM
mon defense, books of subscription wifi be opened
at the cities and principal interior towns fve per
cent. must be paid N cash At the time Of subscrip
ton, and the remainder on or before the LIST May
interest to run froTa the date of such payment
Persons desiring to secnre their subscriptions may
pay in cash the whole amount, and cake receipt
fer the delivery Of bonds or stock. To equalize
the rate of subscription at all points, aad I'd enable
all pefsons conveniently 10 subscribe current bank
notes Of the place will be received at their market
value in coin.
In case Of an over-subaeTjption, preference viii
be given TO those who pay DOWN the whole aHs-
scription; next to Subscribers Of $50 NEXT to sub
scribers of a1o0.
&C. MEMMINGER,
secFstass og Tho. Treasury.
Montgomery. March 1ssli 1861.
For more ample information 10 all concerned ii 7
copy Of the act Of Congress IS snbjoined
IN ACT TO RA1sz ueNEs PoR THg snproHr 81 Trsg
GOVERNMENT, AND TO PRoFIDE FOB THE DEFENSE
OF THE CONFEDERATE STATES OF AHERTGA.
sHcTIes ~ !. dxs Congress Ct ne sfssrats
the Confederate States be and he ID hereby as1-
thoszed at any tisae within twelve months after
the passage Of this act to borrow, the credit biz
the Confederate States, q sum mot exceeding fif-
teen snflions of dollars, 10 much thereof as Id
his opinion the exigencies of THE pabIic service
may require, to be applied to the paJsnen nt of
preparations made by law for the support of tie
Government and for the defense Of The Confederate
States. E
sEc. 2. The Secretary of the Treasury II hereby
authorized by the consent of the President of the
Confederate States to cause to be prepared certi-
fcates Of stock or bonds, il such sums here
matter mentioned, for the amount to be Borrowed
as aforesaid, to be signed by the Register Of the
Treasury and sealed vita the seal nf THE Treasury:
and the said certificates of stock bonds saII be
made payable at the expiration of ten years from
the first day of September next. and the interest
thereon shall be paid semi annually, at therafe of
eight per cent. per annnm, at the Treasury and
such other places as the Secretary Of the Treasury
may designate. And to the honds which shall be-
issued as aforesaid, shall be attached coupons for
the semi-annual 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 of the Confederate States Is hereby
pledged for the due payment Of the principal and
interest of the said stock and bonds.
xNF GIyI,,
first day Of September next the Confederate States
may pay up any portion of the bonds or stocks,
upon giving three months previous public notice,
at the seat of Government the particular stocks
or bonds to be paid, and the time and place of
payment and from and after the time 10 ap-
pointed, no further interest shall be paid on said
stock or bonds
SEC a. The certificates of stock and bonds shall
be issued in such form and for such amounts as
may be determined by the Secretary ofjthe Treas
ury, and may be assigned or delivered under such
regulations as he may establish, none 0f them
shall be for less sum than fifty dollars and bio
shall report to Congress, at in next session, u
statement in detail OF his proceedings and the rate
at which the loans may have been made, and alI
expenses attending the same. s$S
Sec. s. From and after the first day .ef august,
1861 there shall be levied, collected ard paid d Fl
duty of one-eighth of one cent per pound On all
cotton in the raw state exported from the 6toned-
crate States which duty is hereby specially
pledged to the due payment Of interest and princi-
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, shal be G
receivable in payment Of the export duty an cot
ton; provided, also, that when the debt and IN
terest thereon, herein authorized to be contracted
shall be extingushed, or the sinking fund provided
for that purpose shall be adequate TO that end, the
said export duty shall cease and determine.
Approved 28th February, 1861.
Referring to the above adgertisementfof 4 loan
of FIVE MILLIONS OF DOLLARS to the Geafederate
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 Gitiasns' Bank
of Louisiana, on the 18th of April, 1851
Apart from other considerations, this loan offers
to subscribers high rate of interest eight pen.
cent. per annuna--payable semi-annnally, and the
highest order of secnrity-a special appropriation
of an export duty on cotton of anaseighth of q
cent per pound-thus presenting Inducements
which cannot fail to commend the loan to public
favor as a sound and profitable investment.
SAMUEL SMITH,
JAMES d. suENEGRE,
EeM. j. FoRSTALL,
JOHN /. NOBLE
Commissioners
NEW ORLEANS. March %, 1861. mara9 tapfT
Hotel Arrivals Yesterday.
ST. CHARLES HorEL.--F A Ross, Ala; R Boone,
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