Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1861-10-02

AN ACT to authorize the issue of Treasury
Notes, and to provide war tax Tor their
redemption.
SEC. l. The Congress of the Confederate
States of America do enact, That the oecre-
t,ry of the Treasury be and be is hereby au-
thorized, from time to time, as the puonc
,ecesslty may require, to issue Treasury
Notes; payable to bearer Ut the expiration
of six months after the ratification OF treaty
&c neoce between the Confederate States aud
t,o United States. the said notes to be OF any
Denomination not less than tive dollars, anu
70 be re-issuabc at pleasure, unit! the same
are uayablc; but tue whole issue, outs'anu,
inc at one time, including the amount issued
rnder former acts, shall not exceed one nuna-
red millions of dollars; the said notes Shasl
no receivable in payment OF the War Lax
hereinafter provided, and OF all other pubic
dues except the export duty on cotton, ana
shall also be received in payment OF the sub
scrp,iops Of he net proceeds of sales OF raw
nroduce and manufactured articles.
SEC That for tue purpose OF lunding
the said notes. and Of making exchanges Tor
tie proceeds of the sale Of raw produce and
manufactured articles, or for Tie purchase OF
snccie Or military stores tic Secretary oi the
Treasury, with the assent c. the President, Is
authorized 10 issue bonds: payable not more
than trcnty Yeas after date, and bearing a
rate of interest 40; exceeding eight pr cent.
ner annu.n, until they become ra!abie, the
interest to be paid scu-annually; the said
hop6s not 10 exceed, in tie whole, OF: Lur-
dred dollars, and to be deemed substitute
for thirty millions Of the bonds authorized to
be be Issued by the act approved May SIX
tecnth, eighteen hundred and sixty one; and
this act is to be deemed & revrcatlon ct The
authority 10 issue the said thirty millions.
The said bonds sLall not be issued in less
SIMS than ore hundred dUllsrS, nor lii irat-
,onal parts of hundred, except when the
subscription is less than one hundred dollars
the SAID bonds may be issued i'll sums OF iilty
dollars. They may be sold for specie, militia.
ry and naval stores; or for the proceeds ol
raw produce and manufactured articles, in
the same manner as is provided by the act
Aforesaid and, whenever subscriptions for
the same have been, or shall be made, psya-
ble at particular date, the Secretary Of the
Treasury shall have power TO extend the
time of sales until such date as he shall sec
fl. to indicate.
Srr. 2. Tie holders of the sai1 Treasury
note, may. a: any time, demand in exchange
Cor them, bonds of the Confederate States,
according to such regulations as may be made
hv the Secretary of the Treasury. But
,yboncycr tie Secretary of the Treasury shall
advertise that he will pay off any portion Of
+be said Treasury Notes, then the privilege
&c f,rd;pe. as to such notes, shall cease, un-
Las there shall be failure TO pay tie same
in specie on presentation
SIC. 4. That, for the special purpo.c of
n,vi,p the principal and interest Of the pub
i;c debt and Of supporting TIE Government,
War Tx shall be assessed and le"ied, of
,;ov cents upon each one hundred dollars in
..luc of the following property in the Co..
,,asrs,e States; namely: Real estate OF al
lids. slaves, merchandise; bank stocks,
.;,-osd and other corporation stocks; money
- ;,,nsess. er invested BY ;paviduH's IN sae