The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1861-08-30
The Public Finances of the Confed-
crate Government.

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100 P''Ys' co"s ""' oeo' "Ppio'e'
Wy 'he rresioeht' inc vote on its pas
sage we understand to have been unani-
nous, both by States and members.
/, will bo seer that tbo lin oo,s,;.,,,o,
ua '.t.,, lo'9','''''
'"0 ''"''' o"'" "'' P'e" " .''""ce az"
revenue I" ne co'Ve0erdfe doIerHmehL The
full copy we are enabled to give of it will
by n matter of exceeding general inter.
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20" "',' 0"'A P'o' '''oii vi 'he "''i "i''' no
doubt, be anXiously scanned by the people:
A Blu to be entitled an Act TO authorize he is
sue Of Treasury notes, and to l,rori.le Var
Tdr for Meh redemption. .....
SrcrloS /. The Compress of the Con.
federate States of America do enact. tllai
the Secretary of the Treasury be. and he
is hereby authorized. from time TO time
as the public necessities may require. to
issue Treasury notes. noyolle to bnorer
at the expiration of six months ufter the
ratification Of a Treaty of Peace between
the Confederate States and the United
States; the said notes to be of any de.
nomination not less than five dollars. and
to be ro-issuable Mt pleasure. until tho
same are payable: but the whole issue
outstanding ot ono time INCLUDING the
| nmnIInt Iggllpu nn1pr former Ant
NOT exceed one hnndrod millions of dol
lars. the said notes shall he receivable in
novment of the war tax bereinafter n,o.
vided. and of all other nlIblic dues. OK.
cent the exnort du,v ON cotton and sbnll
also be received in payment of the sub
scriptions of the net proceeds of sales of
raw produce and monuiactured articles
Scr. .. That for the nurnose of fund
ing the said notes. and Cor making en-
cbonce for tho proceeds of thn eSle nr
raw produce aud monufoctured articles
or for the purchase of soecie or military
stores tbe Secretary of the Treoeurv
with assent of the President, is nuthori,
zed TO issue bonds poyable not more
thon twenty wears after date, and boarinc
a rate of interest not exceedinu eigbf
ner centum ner onnum until t6ev he.
come novnbIe. the interest 10 he mid
semi.anntially. the said bonds not TO on
ceede in the whole one hundred millions
of dollars. and to be deemed a substitute
for the thirty millions of the bonds ol,-
thorized to be issued by the act approy.
ed Nav lG. 1861; and this act is to be
deemed a revocation of the authority to
issue the said thirty millions. The said
bonds shall not be issued in less sums
than one hundred dollars. nor i'm rrac.
tional parts of a hundred, except when
the sub.cription is less than one hun.
ored dollars the said bonds NAV he iss,,.
ed in sums of fifty dollars. Thev NAV
be sold for specie. military and naval
stores or for the proceeds Of raw produce
and manufactured articles, in the same
manner as is provided by the act afore-
said; and whenever subscriptions of the
same have been, or shall be made payable
at a particular date, the Secretary of the
Treasury shall have power to extend the
time of sales until such date as he shall
, see fit to indicate.
SEC. 3. The holders of the said 'rroasu-
. ry notes may, at any time, demand in
exchange foi these bond of the Confctl-
crate States according to such ieguki--
tions as may be made by the Secretary OF
the Treasury. But whenever the Secre-
: tary Of the Treasury shall advertise that
t he will pay off any portion ef the said
Treasury notes, then the privilege of
| funding as to such noles shall cease, iun-
l less there shall be a failure to pay the
same in specie on presentation.
SEC. 4. That for the special purpose of
paying the principal and interest OF the
, public debt, and OF supporting the Gov.
ernment, q war tax shall be assessed and
! levied of fifty cents upon each one hun
dred dollars in value Of the following
property in the Confederate States, name
ly: Real estate of all kinds; slaves; mer-
chandise bank stocks; railroad and other
corporation stocks; money at interest, or
invested by individuals, in the purchase
, OF bills, notes, and other securities for
, money, except the bonds Of the Confed-
: crate States of America, and cash on
: hand, or on deposite III bank or else.