New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-11-22
Mig 2p5t
CIRCULAR,


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| .-@- s-a #s4-.gr es Richmond, Aug. p. 1861.
The Congress of the Confederate States authorized the
Secretary the Treasury extent not e-
ceedng one hundred millions of dollars for the purpose
Its treasury notes and for making exchanges for the pro-
ceeds Of the sale of produce manufactured
the purchase of specie and military stores
Under the authority of previous the Secretary appointed
Commissioners, resident in different sections
States TO solicit planters manufacturers and
others subscriptions Of the proceeds their crops
and other branches of industry be paid OF the
| Confederate States.
To the patriotic and Jealous efforts Of Commissioners
less than to the lofty patriotism Of the people, Government
ndeb ed for subscription reaches already
many millions of dollars The liberaly every the
community has been eVinced The cotton the rice tobacco
and the sugar planters have We'd with each other the
first named staple Alone e States
reathest from one third onealf of the crop
1t is not proposed has been frequently explained to inter-
iee with The usual aud customary of planters
others lii making sale OF their produce. This necessary
1t Is only asked that each nd vpel shall indicate advance
thepropo ton of the which he Hing 10 subscribe the
time aud place of delivery the factor who:e
hands it to be placed SALE is authorized to
the proceeds exchange Confederate bonds
The bonds carry PERCENT par ANNUALLY and are not
to be issued of less one hundred dollars
cept where The subscription less amount when the limit
is fixed at fifty dollars The principal and in
efe of the bonds secured will be perceived by special
act of Congress. ~
have
now the oppofnnoi contributing the sustaining
the credit of the Government not in condition to make
cash subscriptions to the loan previously authorized Their
plus capital was already invested and their command Of re-
sources in the Of things mainly to be looked for in
the fntnre Upon such future resources they are auth rzed
safely TO draw and the Investment proposed aside from its
claims on ae Of patriotism may be regarded as alto
geher advantageous any oher business ansae
tons .rzs - -a|f = ~
The time of sale referred the caption of the lists which
are sent cut is intended to indicate the at which the
crop is brought to market and will of subject 10 those
considerations Of mutual interest which would postpone sale
where the property would be sacrificed,
Special agents have been appointed, will be appointed in
county district of the south They will be furnished
With subscription lists and bring subject before
the fell,wcizenS in every proper manner by personal an
pea p1bc addresses through insru1entaty of the
press The results Of their lahos will from
time 10 time to this Department requested that agents
viii endorse the lists the the postotce county
and State TO which thy belong. ~a
Tie sections Of the Acts Of Congress- which relate to
the subject ofthe loan, are herewith annexed
$50 D.. -ts ,.m...ee ~ G. G. MEMMINGER,
Eg1. 4J.'. e. rGg.,s Secretary of the Treasury.
AN AIT t. Aahoss Loan and Treasury Notes and
forging Certificates of Stocks and Bonds. -
ic Do enact That &c Of he treasury may with The
astsnt Of the President Of the Confederate States fifty
years from their date bearing Interest moi exceed
sst s S5 H% rbs s Bn hs
public advertisement nhree newspapers within the Conede
e states tor six wee TO be sold tor specie military stores
IL os ne Is Of sales Of ray produce manufactured
and under such regulations may prescribed by the secre
sS tie State s es ne ensuing
under this law Nor shalt the said bonds
d Note m notes. sSs%ss say q Bas se
or but in the pre-
scSsa froyided That nothing herein contained shall be
tofegn bills of exchange payment these bonds
BILL to be entitled authorize che issue of Treasury
sEcFos The Congress OF the Confederate States of
he hereby auhozsd from @ 10 line as he he ana
stiles may require to issue Treasury notes payable 10 bearer
states and hs Tned ssta:
n sa NOES 70 ee Of any denoina ion less than
payable but the woesne constructing at one Tine nelad
@ ne s9nn issued under former shall exceed one
in Of the war hereinafter proyided and Of ali
slso be received in payment Of subscriptions Of the net
ptsfees Of tw produce ana articles
Tor exchange for the proceeds of the Of raw pro-
dase ard articles for hs specie
ne President is authoriz to bonds payable not more
an twenty years after cate and bearing of interest
ne the Interest be paid ssmiannuly the said bonds
BE- deemed substitute thirty millions Of the bonds author
ee g % issued by net approved May 49, ls6l and
thirty millions The shall issued in less sans
man one dollars in fractional Of hundred
The said bonds be Issued in fifty dollars They
S o SSa to- seeee military and naval stores for the
manner O. + provided BY the aet aud wherever
particular date the Secretary the Treasury shall have power
ge,ead me Time OF sale Until such date he shall
E9 That for the special purpose of paying the principal
sse 81 tss Pgee debt asa Of The Govern
each hundred dollars Of tue following propeFty
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