Arkansas true Democrat., 1861-09-12
CIRCULAR.
CONFEDERATE STATES OF AMERICA,
 TREASURY DEPARTMENT, ; Eicb,nond Aur ,f1 \

TREASURY DEPARTMENT,
 Richmond, Aug 22 '6l.
 The Congress of the Confederate States has au- thorized the Secretary of the Treasury to issue Bonds to an extent not exceeding one hundred millions of dollars for the purpose of funding it's Treasury Notes and for making exchanges for the proceeds of the sale of raw produce and manufac- tured articles and the purchase of specie and of military stores.
 Under the authority of previous act the Secre- tary appointed Commissioners resident in different sections of the several States, to solicit in advance from planters, manufacturers and others subserp- tions of the proceeds of 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 Commissioners, no less than to the lofty patriotism of the people, the government is indebted for an aggregate subscriptions which reaches already many millions of dollars The liberality of every class of the community has been evinced. The cotton, the rice, the tobacco and the sugar planters have vied with each other, and in the first named staple aloHe the subscription in several States reaches from one third to one-haf of the entire crop.
 It is not proposed, as has been frequently ex- planed, to interfere with the usual and customary arrangements of planters and others in making sale of their produce. This is not necessary It is only asked that each individual 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 1t is to be placed for sale, and who is authorized to pay over the proceeds and receive in exchange Confederate Bonds These bonds carry interest of eight per cent, payable semi-annually, and are not to be issued of less denomination than one hundred dol lars except where the subscription is for less amount, when the limit is fixed at fifty dollars.- The payment of the principal and interest of the Bonds is secured, will be perceived, by special act of Congress.
 The agricultural and manufacturing interests which havenow the opportunity of contributing to the wants and sustaining the credit Of the govern ment, were not ill condition to make subscriptions to the loan previously authorized. Their surplus capital was already invested, and their command of resources, in the nature of things, was mainly to be looked for in the future. Upon such future resources they are authorized safely to draw, and the investment proposed, aside from it's claims on the score of patriotism, may be regarded altogether as advantageous and as safe as any other business transaction.
 The time of sale referred to in the caption of the lists which sent out, is intended to indicate the usual date at which the crop Is brought to market, and will of course be subject to those considera- toIs of mutual interest which would postpone sale where the property would be sacrificed.
 Special agents have been appointed or will be appointed, in every county and district of the South. They will be furnished with subscription lists, and requested to bring the subject before their fellow citizens in every proper manner, by personal appeals, public addresses or through the instrument taty of the press- The results of their labors will be communicated from time to time to this depart ment, and it is requested that agents will indorse upon the lists the name of the posto1lice, county and State to which they belong.
 c. G. MEMMINGER,
 SecretaryOf the Treasury.