Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1861-09-05
ICIRCULAR.l
CONFEDERATE STATES OF AMERICA,

TREASURY DEPARTMENT,
Richmond, august 3d. 1861.
The Congress Ct the Confederate States has author
ed the Secretary of the Treasury to issue Bonds to
extent not exceeding one hundred millions of dollars for
the purpose of funding its Treasury Notes ard for
making exchanges for the proceeds of the sale raw
produce anG manufactured articles and the purchase of
specie and of military stores.
Under the authority OF previous Act the Secretary
appointed Commissioners resident in different sections
the several States to solicit in advance from planters,
manufactures and others, subscriptions Of the proceeds
the sale OF their crops and other branches Of industry,
to be paid for in Bonds of the Confederate States.
To the patriotic and jealous efforts of these Commits
gOLcTs lees than 10 the lofty patriotism Of the peO
De the Government is indebted for aggregate sub
IrptOn which reaches already many millions OF dollars
The bealty OF every class OF the community has been
sylICed. The cotton, the rice the tobacco and the
sugar planters have WED with each other, and in the
first named staple alone the subscription in several of the
States reaches from one-third to One-haf of the entire
crop.
1t is not proposed as has been frequently explained
interfere with the usual and customary arrangements
opanterg and others in making sale of their produce
This is not necessary. 1t is only asked that each ind
7duaI shall indicate in advance the proportion of the
same which he is willing to subscribe, the time and
place OF delivery the factor or merchant IN whose hands
is to be placed for sale aud who is authorized to pay
over the proceeds and receive in exchange Confederate
Bonds These Bonds carry interest OF eight per cent
payable semi-annualy, and not to be issued OF less
denomination than hundred dollars except where
The subscription is for less amount, when the limit is
liked at fifty dollars The payment of the principal and
interest of the Bonds is secured as will be perceived by
special Act OF Congress.
The agricultural and manufacturing interests which
have the opportunity of contributing to the wants
and sustaining the credit Of the Government, not
condition to make cash subscriptions to the loan pre-
youSly authorized. Their surplus capital was already
invested and their command of resources in the nature
Oh things was mainly to be looked for in the future
Upon such future resources they authorized safely
to draw, and the investment proposed, aside from its
claims the score of patriotism, may be regarded alto
ehe advantageous and safe as any other business
Transaction.
The time of sale referred to in the caption of the lists
which are sent out intended indicate the usual date
which the crop is brought to market, and will Of
course be subject to those considerations of mutual in
erest which would postpone sale where the property
would be sacrificed.
Special agents have been appointed will be ap
pointed, in every county and district of the South
They will be furnished with subscription lists, and re
quesed to bring the subject before their feow-citizon
IN every proper manner, by personal appeals, public
addresses through the fundamentally OF the press
The results of their labOrs will be communicated from
time to time to this Department. and is requested tia
agents 1CH endorse upon the lists the Of the PostQf
tss county 0nd State to tOhich they belong.
The sections OF the several Acts of Congress which
relate to the subject of the loan are herewith annexed.
@. G. MEMMINGER,
Secretary of the Treasury
AN ACT to authorize loan, and issue of Treasury notes
and prescribe the punishment for forging the same,
Tor forging Certificates of Stocks and Bonds.
SECTION l. The Congress of the Confederate States
America do enact That the Secretary of the Treasury
with the of the President Of the Confederate States
issue fifty millions of dollars in bonds payable at the expi
on of twenty years from their date and bearing rate
interest not exceeding eight per cent per annum unit
% become payable, the said interest to be paid semi
ay The said bonds after public advertisement in three
newspapers within the Confederate States for six weeks tt
W sold for specie, military stores, for the proceeds
es OF produce manufactured articles to be paC
~ specie bills of exchange in such manner and unde
l regulations may be prescribed by the Secretary
treasury to report at its next ensuing session to the
SSress of the Confederate States precise statement
T Transactions under this law. Nor shall the said bonds
issued in fractional parts of the hundred be exchanged
me said Secretary for Treasury notes, the notes
Ivy pend, corporation individual but only in the
tie9 prescribed: ProUided That nothing herein con
% shall be nstrued prevent the Secretary
treasury from receiving foreign bills of exchange
I'{pmTent OF these bonds. (Act May, 1861
ILL to be entitled Act to authorize the issue o
dIeasQry notes, and to provide War Tax for their re
ACTION l. The Congress of the Confederates States
do enact, That the Secretary Of the Treasury be
Ia e hereby authorized from time to time, the pub
may require, to issue Treasury notes. payable
at the expiration Of six months after the ratfca