The south-western. [volume] (Shreveport, La.) 1852-1870, 1861-04-24
OFFICIAL
Loan Cor the Defense of the Confederate Statez'
100000


OF this most advantageous investment will be offered
to the public the 18th April ensuing and every ct
zen throughout the Confederate States will have the
opportunity of taking share Of the benefit at the same
time Of sustaining the of his country.
Bonds with coupons will be issued IN sums from
$1,000 $40 and where is preferred stock certificates
in the usual form may be had The interest Is AT egnt
per cent per annum payable every SIX months al al
The debt has the very unusual and important security
of duty of oneeighth OF cent per pound or ABOUT ~
cents per bale all cotton exported ms duty under
all circumstances of peace war; secures the punctua
payment of the interest and furnishes sinking tund
for the redemption Of the principal Inc coupons when
due receivable in payment OF the duty on cotton
and thus made available con everywhere IN our
country. In order to enable all portions OF our people
to take part OF this valuable investment and to exhibit
their common interest in raising funds for the
Defense books of subscription will be opened at the cities
and principal interior towns; five per cent must be
paid in cash at the time of subscription and the re-
mainder before the LIST of May-interest to run
from the date OF such payment. Persons desiring to
their subscriptions may pay IN cash the whole
amount and take receipt for the delivery OF bonds or
stock To equalise the 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 of oyer-subscription, preference will be
given those who pay down their whole subscriptions
next 70 subscribers OF $780, next to su6scr9ers OF 500
C. G. MEMMINGER,
Secretary of the treasury.
Montgomery, March 10th, 1861
For more ample information to all concerned, copy
of the act Of congress Is subioined:
An ACr-to raise money for the support ofthe govern
ment and to provide for the defense OF the conteder
ate States of America
SECTION The congress of the confederate States Of
America do enact Thathe president OF the confederate
States be and he is hereby authorised, at any time with
in twelve months after the passage of this act to bor
row, the credit of the confederate States, sum not
exceeding fifteen millions of dollars much thereof
in his opinion the exigencies Of the public service
may require to be applied tothe payment ofappropria
tions made by law for the support of the government
and for the defense of the confederate States.
See . The secretary of treasury is hereby authorised
by the of the president of the confederate States
be prepared certificates of stock bonds in
such sums as are hereinafter mentioned for the amount
be borrowed aforesaid to be signed by the register
of the treasury and sealed with the seal of the reasury
and the said certificates of stock bonds shall 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 the rate of eight per cent per an
num- the treasury aud such other place the
ary the treasury may designate And to the bonds
which shall be issued, aforesaid shall be attached
coupons for the semi-annua interest which may accure
which coupons may be signed by officers to be appointed
for the purpose the secretary Of the treasury And the
faith othe confederate States is hereby pledged for the
due payment Of the principal and interest OF the SAID
stock and bonds.
SEC g. At the expiration of five years from the first
day Of September next the confederate States may pay
up any portion of the bonds stocks upon giving three
months previous public notice at the ofgoyernment
Of the particular stocks bonds to paid and the time
and place Of payment; and form and after the time
appointed further interest shall be paid on stock or
bonds.
SEC T. The certificates of stock and bonds shall be
issued in such form and for such amounts may be
determined by the secretary of the treasury and may be
assigned delivered under such regulations as he may
establish But 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
penses attending the same.
SEC s. From and after the first day of August 1861,
there shall be levied, collected and paid duty of
eighth of cent per pound all cotton in the
t,p NCFip