New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-04-08
LOAN FOR THE DEFENSE or THE
Con feffer.tee 81 Sos li1ss. 5lf ss

ss,i,ltla
loan FoR THE DEFEHsE or TIL
Confederate states.
Five millions Of this most advantageous invest
nent viii be offered 10 the public on the I7tls April
ensuing, and every citizen throughout the Confed.
crate States viii have the opportunity of taking
share OF the benefit, at the same time Of sustaiH-
4 ing the eause Of his country.
| Bonds with coupons will be issued In sums from
5000 to $50 and where it N preferred, stock cer-
tfeates III the usual form may be had. The inter-
estfs at eight per cent per annnrn, payable every
| SIX months at all oar principal cities.
The debt has the very unusual and important BEL
cHrity Of duty Of one-eighth Of cent per pound,
or about 81 cents per bale ON all cotton exported
This duty, nder all Of peace or war,
secures the punetual payment Of the interest and
farnishes sinking fund for the redemption Of the
principal. The coupons when dne are receivable
in payment of the daty on cotton and are TINS
made available as coin, everywhere in oar country.
In order to enable all portions of ourpeople to take
part Of this valuable investment and to exhibis
their common interest in raising funds for the COM
mon defense, books of subscription will be opened
at the cities and principal interior towns; five per
cent. must be paid in cash at the time Of subacrip
ton, and the remainder on or before the 1st May
interest to run from the date Of such payment.
Persons desiring to secure their subscriptions may
pay in cash the whole amount, and take d receipt
for the delivery of bonds or stock. 10 equalfze
the rate Of subscription at all points, and to enable
all persons conveniently to subscribe, current bank
notes Of the place will he received at their market
value in coin. 8#g Bss
In case Of an oFer-subscription, preference viii "
be given to those who pay down the whole SUD
scribers Of 500.
q. .G MEtMrNGER,
Secretary of The Treasury
Montgomery March 10th, ISL
For more ample information to all concerned, a
copy of the. act of Congress is subjoined.
AN ACT TO RAISE MONEY FOR THE sUPpoRT OF THE
GOVERNMENT, AND TO PROVIDE FOR THE DEFENSE
OF THE CONFEDERATE STATES OF AMERICA.
SECTION /. The Congress of the Confederate
States of Anaeicd do enact, That the President OF
the Confederate States be and he is hereby au-
thoriZed, at any time within twelve months after
the passage of this act to borrow on the credit of
the Confederate States, a sum not exceeding fif-
teen millions of dollars. or SO much thereof as in
his opinion the exigencies of the public service
may require, to be applied to the payment of ap.
preparations made by law for the support Of the
Government and for the defense Of the Confederate
States.
authorized, by the consent Of the President Of the
Confederate States, to cause to be prepared certi
fcates of stock bonds in such sums as are here
matter mentioned, for the amount to be borrowed
as aforesaid, to be signed by the Register Of THE
Treasury and sealed with the seal of the Treasnsy;
and the said certificates Of stock bonds shall BE-
made payable at the expiration of ten years from
the first day of September next; and the interest
thereon shall be paid semi-annaally, at the rate Of
/ eight per cent. per annum, at the Treasury and
such other places the Secretary OF the Treasury
| may designate. And to the bonds which shall ha
issued as aforesaid shall be attached coupons for
the semtannnal interest which may accrue, which
coupons may be signed by officers TO pc appointed
for the purpose by the Secretary Of the Treasury.
And the faith of the Confederate States IS hereby
| pledged for the due payment of the principal and
interest of the said stock and bonds.
SEC. 8. At the expiration of five years from the
first day of September next, the Confederate States
may pay up any portion of the bonds or stocks,
upon giving three months previous public notice,
at the seat of Government of the particular stocks
or bonds to be paid, and the time and place of
| payment; and from and after the time so ap-5
pointed no further interest shall be paid on said
| stock or bonds.
SEC. d. The certificates of stock and bonds shall
| be issued in such form and for such amounts az
may be determined by the Secretary Of the Treas
/ ury, and may be assigned or delivered under suck
regulations as he may establish. But none of them
shall be for less sum than fifty dollars; and he
| shall report to Congress, at its next session,
statement in detail Of his edings and the rate
4 at which the loans may have been made, and all
i expenses attending the same. $$
u Sec. s. From and after the first day of August,
1861, there shall be levied, collected and paid d
uuLY Oh DHt-eiSuti VI Duo GHub per pUInu OIL
cotton in the raw state exported from the Confed-
crate States; which duty is hereby specially
pledged to the due payment of interest and princi-
pal Of the loan provided for in this act and the
Secretary of the Treasury is hereby authorized and
required to establish a sinking fund TO carry into
effect the provisions of this section. Provided,
| however, That the interest coupons issued under
the second section of this act, when DUE shall be
/ receivable in payment of the export dnty on cot
i ton; provided also, that when the debt and in
terest thereon, herein authorized to be contracted,
shall be extnguished, the sinking fund provided
for that purpose shall be adequate to that end the
| said export duty shall cease and determine.
Approved 18th February, 1861.
Referring to the above advertisement for loan
| of FIVE MILLIONS OF DOLLARS to the Confederate
States, together with the act of Congress creating
it, the undersigned, appointed Commissioners,
give notice to the public that books Of subscription
for said loan will be opened at the Citizens Bank
of Louisiana, on the 18th of April, 1861.
Apart from other considerations this loan offers
to subscribers a high rate Of interest eight per
cent PEI, annuna-payable semi annually, and the
highest order Of security -aspecial appropriation
of an export duty on cotton Of one-eghth Of d
cent per pound--thus presenting Inducements
which cannot fail to commend the loan to publics
favor as a sound and profitable Investment.
| SAMUEL SMITH,
| N&Ss JAMES D. DENEGRE,
| EHM. y. FoRSTALL,
\ JOHN I. NOBLE.
{g- Commissioners.
4 NEW oRIEAas, March 20, 1861. mar29 tapl7
| Hotel Arrivals Yesterday.
| Il
/ Cry HoTEI-W Carter La VIM Hunter, Ala;