Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1861-04-03
EgY AUTlgORATY.l
LOAN FOR THE DEFENCE OF THE CON.
EElERATE STATES.

UNIVE MILLIONS Of this most advantageous in.
L vrstmcnt will he offered to tn" public the 18th
April ensuing, and every citizen throughout tn" Com
icr,tr States will have the opportunity of taking
share uf the benefit and at the same time sustaining
the cause of his country.
Bonds with Coupons will h" Issued in sums from
$1,000 to $50 and where it is preferred stock ccrf
Gates in the usual form may he had. The interest is
nj EIGHT rEG cESr. per- annnm, payable every six
months at all or principal cities.
The debt has the very unusual and important s.cu
rity Of duty If onr-cigb,h of cent per pound. or
about % cents per bal' On all cotton exported. Til,
duty, under all circumstances of peace war,
the punctua 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 thus made available as
coin, everywhere in the country. In order to enable
all portions of people 10 take part of this valuable
investment. and to exhibit their common interest in
raising funds for the common defence, Looks will he
opened at the cities and principal interior towns nv"
per cent must bo paid in cash At the time OF sscrp-
ton, and the remainder or before the lst MaS-in
tcrcst from the date OF such payment. Persons
DESTROYS to secure their subscriptions may pay in
cash the whole amount and take receipt for the de-
livery of bonds stock. To cIualizc the rate of sub
scrpton at all points, and to enable all persons
vcnicntly TO subscribe current bank notes of tho
place will be received at their market value in coin
In of an subscription, preference will he
given first 10 those who pay down their whole sub
scription next to subscribers of $50; next to sub
'N {. G. MEMMINGER, s,c'y of Treasury.
MONTGOMERY, March Il, 1851.
RJ-For more convenient information to all conccr-
ned, II COPY of the Act of Congress is suiG"incd:
An ACT 70 raise money for he support of The Gorern
n,et and proridej the defence II the Confederate
States Of Inericd: ..-..
SECTION l. The Cougrc,, of The Confederate States ef
imerica do enact That president ofhe Confederate
States be- and he is hereby authorized at any time
within twelve months after the passage Of this Act, to
borrow the credit of the Confederate States rum
exceeding fifteen millions of dollars, much
thereof in his opinion the exigcnces Of the public
service require to be applied TO the payment of a
propral ions made by law for the support of the Gov
crnmcnt and for tho dcfenccs of the Confederate
States.
SEC The Secretary of the Treasury is hereby ari-
horIc by the consent of the President of the Con-
cdcratc States To to he prepared certificates Of
stock or bonds in such sums are hereinafter
toned, for Tho amount To he borrowed aforesaid,
to be signed by the Register of the Treasury and seal
ed with the seal of the Treasury and the said Certii
OF stock bonds, shall be made payable at tn.
expiration of ten years from III" first day Of Sepcpi.
her next and the int rest thereon srrli paid semi
annually at the rate of eight per cent. per annum,
the Treasury, and such other place MS the Secretary
of the Treasury may designate. And to the bonds
whsch shall be issued aforesaid, shall he attached
coupons for the scmi-annual interest which may
crue, which coupons may be signed by officers to 10
appointed for the purpose 10y the Secretary OF tho
Treasury. And the faith of the Confederate States is
hereby pledged for the due payment OF the principal
and interest ofthc said stock and bonds.
SEC. ,. At the expiration five years, from the first
day of SCI t'mber next, the Confederate States may
paw up any portion the bonds or stocks, 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 appointed, further interest
shall be naid on said stock or bonds.
Src. f. The certificates Of stoch and bonds shalt h"
;ssnI in such form and for such amounts may hc
d.rniind ly the Secretary OF the Treasury and may
I assigned delivered under snch regulations he
may establish. But none Of them shall be for less
.urn than ity dollars and he shall report Congress
At its session, statement in detail of his pro-
seedlings and the rate at which the loans may have
jc,.n made, and all expenses attending the same
SEC. s. From and after the first day of august 1851
here shall lie levied, collected and paid, duty
ighth Of one cent per pound on all cotton in the
state exported from the Confederate States: which
uy is hereby specially pledged to the due payment
# interest and principal of the lean provided for in
his Act and the Secretary Of the Treasury hereby
and required to establish sinking in'''.
carry into effect the provisions OF this section pro
id,d, however that the interest coupons issnc under
lie second section Of tins so, i' line. shall he re-
eiyable in payment of the duty ON cotton; Pr"rd'd'
so that when the debt and interest thereon here
n autl orrcd to lie contracted shal hc cXtiDgshcd,
r the sinking fund provided for that purpose sha '
dcqiate TO that end the said export duty shall cc's"
md determine.
APrRnvED, 2Sth February, lS'il. lalS-ilsimaNl