The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-03-25
AGGREGATE OF APPROPRIATIONS FOR THE
CONFEDERATE STATES.
THE oOUZHERN- LOAN -.
LOAN FoR THy DIrKNcE OF THE CONFEDERATE

..---- THE 0OUZHERN- LOAN. ....
LOAN F0R TIE DErKNcE OF TILE CONFEDERATE
Five millions Of this most Advantageous investment
viii be offered to the public the 17th April ensuing,
have the opportunity Of taking ahare OF the benefit
and q the same time Of sustaining the cause Of his
Bonds, with coupons, win be issued In sums from
81 900 70 450 and where ID preferred, stock oertin
Gates In tbs usual form may be had. Tho interest h at
eight per cent per annum payable every six months at
rhe debt has the very unusual and
under all circumstances Of peace or war secures the
punctua payment Of the interest, and furnishes sink
pons when due are recsvsSs IN Of the duty
on cotton, and are thus made available - coin every
where In ow country. In order 70 enable al por-
ment and 70 exhibit their common interest In raising
funds for the defence books Of subscription viii
Per cent must be paid in cash al he time Of subscription
and the remainder on or before the Lat Nay interest 70
from the date Of such payment Persons desiring 70
and take receipt for the delivery Of bends
stock TO equase the rates Of subscription at al points,
rent bank notes q the plsce viii be rscycd Il their
market value In coin.
In case Of IN ever subscription preference win be given
next 10 subscribers Of e5O subscribers CT $780,
. @. g. MEMMlNGER, Secretary Of treasury
MONTGOMERY, March 10. 1881.
For more oompcts information TO all concerned copy
Of the act Of Congress Ia subjoined-
ACT TO RAnx noSAY FOR THE SUPPORT OF nm GOVERNMENT,
Section l. The Congress Of the Confederate States Of
states be- and he hereby authorized At any time within
twelve months after the passage Of this act TO borrow
on the credit Of The Onfsderase States exceed
his opinion the exigencies Of the public service may
qure TO be applied 10 the payment Of appropriations
SS d.fSucss s of ~ he % sS states ~ ~
Sec Q The Secretary Of the Treasury is hereby au-
thorized by the consent of the President Of tho Con
stock Or bonds in such sums q are hereinafter men
toned for the amount 70 be borrowed ~ Aforesaid TO
be signed BY the Register Of the Treasury, and sealed
Of stock or bonds shall be made payable at the expra
tion Of years. from The rst day Of September ncxt
At tho rate Of eight per cent per annum, a the
Treasury and such othcr place - the Secretary Of the
Tressury may designate And nd 70 The bonds which shs
semtan interest whicn may accruc, which coupons
may be gned by ocers be appointed for he purpose
Confederate States Is hereby pledged for the due pay
ent Of the principal and interest Of The said stock and
Sec Al the expiration Of Ave years from the nrs,
day Of September the Confederate States may
up any portion Of the bonds stocks upon giving three
month";. Previous public notice :. the ses q % men,
and place Of payment and from and after the time %
appointed further interest shall be paid said stock
Bee 4. The certificates Of stock and bonds shall be
issued in such form and for such amounts ~ may be dc
temned by the Secretary Of the Treasury, and may be
assigned delivered under such regulations n ho may
establsh. But Of them shall be for les sum than
nfty dollars and he shall report 70 Congress at ss
session statement In detail Of his proceedings and the
rate II which the loans may have boon made, and all
pcnees attending the samc
Sec g. From and after the nrst day of August, 1851
there shall be levied, collected and paid, duty OF ooe
eighth Of cent per pound, on al cotton In tho raw
exported from the Confederate States which duty
b sby specially pledged ts the one payment Of 10
terest and principal Of hs loan provided Tor n this sc
and the Secretary Of the Treasury hereby autncrze
and required 70 establsh sinking fund to carry ns'
effect the provisions 6 this section provided nowever
ton OF this sct when due shall be receivable In payment
Of the export duty cotton provided aso mat when
the debt and interest thereon, herein De
contractsd shall be sxtnguished, o. the SINKING fund
provided for that purpose shall be sdsquase 70 tnas end
The said export duty shall cease ana determine.
Apuroyod asth February, 1851.