New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-10-12
Circular.
CoSFEpERATE STATES OF AMERICA,
Treasury Department,

a
....... Richmoad, Aug. %, 1861.
The Congress Of the Confederate States has authorized The
Secretary of the Treasury to Issue bonds an extent not ex
ceeding hundred millions of dollars purpose of
ing treasury notes and for making exchanges for the
ceeds of the sale of produce and a
the purchase Of specie and military stores.
Under the authority previous act the Secretary
Commissioners resident different sections of the several
States 10 solicit in advance from planters manufacturers and
others subscriptions of the proceeds Of the of their crops
and other branches of industry to be paid for bonds Of the
Confederate States.
To the patriotic efforts of these Commissioners
less than to the lofty patriotism of the people, the Government
is indebted for aggregate subscription which reaches already
many millions of dollars. The lbeay every class of the
community las been evnced The cotton the rice the tobacco
and the planters have Wed each other and in the
first named staple alone the bsc pon several the States
reaches from oue.thrd one-half of the entire crop
1t is not proposed has been frequently explained 10 inter-
fere with the usual and customary of planters and
others i'll making sale Of their produce This not necessary
only asked that each individual shall Indicate in advance
thepTopo ton of the which he willing subscribe the
time and place of delivery the factor merchant In whose
hands it is to be placed for sale and who authorized TO nav
the proceeds and receive in exchange Confederate os
The bonds CENT payable semannuay and are not
be Issued of less denomination than hundred dollars
cept where the subscription is for less amount when the limit
is fixed at fifty dollars The payment of the princna and IN
of The bonds is secured will be perceived by special
act Of Congress
The agricultural and manufacturing interests which have
the opportunity Of contributing wants and sustaining
the credit of the Government condition to make
cash subscriptions to the loan previously authorized
plus capital already invested and their command of
in the nature Of things mainly to he looked
the future Upon such future they are auth
safely to draw and the investment proposed, aside from
claims the of patriotism, may regarded as alto
gehe advantageous and safe other business
tons
The of sale referred the caption Of the lists which
:a:. kSu
brought market and will of subject to those
Considerations of mutual interest (which would postpone sale
where the property would be sacGifced.
Special have been appointed or will be appoined in
district of the South They be furnished
with subscription lists and bring The subject before
their telowczens every proper manner by personal an
peals public addresses through the insrnmenaly of the
The results of their aors will communicate from
time to time to this Departments and is requested agents
will endorse the lists the Stoce county
aud State which they belong.
The sections Of the several Acts Of Congress which relate to
the subject Of the loan, are herewith annexed
g. q G. MEMMINGER
t.r Secretary of the Treasury.
AN ACT to Authorize Loan and Issue Treasury Notes. and
and prescribe the punishment for forging same for
forging Certificates of Stocks aud Bonds.
lea do That The Secretary the Treasury may with the
Of The President Of the Confederate States issue hy
millions of dollars in bonds yabe the expiration twenty
years from their date and bearing Interest not exceed
d pst e 5e anl s e as oSd s the
public in three oyspapes within the Confede
f G G 0s Of sales Of 5
aud under such regulations may prescribed by the sece
sy of the Treasury to the next ensuing
sPts P be d oSs 5o n
said Secretary Treasury Noes or the notes Of ANY basE
@ but 6Gny the manner heen pre-
csas ns Is t. 6 If the a. Of the from
Act Nav, 1861 '' ~ -'