New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-12-07
------'-.'',,,-,,-',-',7
CIRCULAR


cosrEnERkrE STATES or AMERICA, D
~ rs Richmond, AuR. o. 1861.
Congress Of the Confederate States has authorized the
Secretary of the Treasury issue bonds an extent not
ceedng hundred millions dollars purpose Of fund
ing its treasury notes. and for making exchanges pro.
ceeds Of the sale of manufactured artc and
the purchase Of specie and military stores.
Under the authority Of previous Secretary appointed
Commissioners in different the
States solicit In advance from planters and
Others subscriptions the proceeds of the sale of their
and other branches of industry be paid bonds Of the
Confederate States -=-- II 81 ~ s'..a
To tho patriotic ana jealous efforts these Commissioners no
esshan the lofty patriotism of people, the Government
indebted for aggregate subscription reaches already
many millions of dollars The beray every class of the
community has been enced The cotton rice tho tobacco
and the sugar planters have Wed with each other
first named staple Alone in several of the States
reaches from onethird one-haf of the entire CROP
II proposed has been frequently explained 10 inter
ere with the usual and customary planters
others making sale Of their produce This not necessary
1t only asked that each individual shall Indicate in advance
of The which he is willing subscribe the
time and place of delivery the merchant in whose
hands il to be placed for SALE and who authorized pay
over the proceeds and receive exchange Confederate bonds
The bonds CENT payable iannuay and are not
be issued Of less denomination than hundred dollars
cept where the subscription for aess amount the limit
is fixed fty dollars The payment the principal and In.
sere of the bonds secured will perceived by special
act of Congress- .r.r- 20 e. .-~-.,, ,zv-.. ..r ii
The agricultural and manufacturing interests which have
the opportunity of contributing and sustaining
he credit Of the Government, in condition to make
ash subscriptions the loan previously authorized Their
plus capital already invested and their command Of re-
sources in the nature of things mainly looked
the ntae Upon such future they are auth ed
ssey draw and the investment proposed aside from its
claims on the Of patriotism, be regarded
gethe advantageous and any bher anac
tons. ~ ID. ~ e..
The time of sale referred in the caption which
ont Is intended to indicate which the
brought Market and will of subject those
considerations Of mutual interest which postpone e
where the property would be sacrificed. -- .ars,..
Special have been appointed will appointed in
every county district of the South They will furnished
With subscription lists requested bring The subject before
the fellswcizersi in proper manner by personal
peals psblc addresses through insrentay of the
press The results of their abors will communicated from
time time this Department. is requested hat agents
will endorse se lists the post-oice county
aad State to which thy belong. E--3 sou = '.1-l-
The sections Of the Congress- which relate to
the subject Of the loan, herewith annexed ~ -
5'F" m.'.a@ -"F %t1@t G. G. sIEMMrNGER, n
&. ia -a r .-aE 5.i-t= Secretary Of the Treasury.
AN ACT Authorize Loan and Treasury Notes and
forging Cs5tiiieates Of Stocks and Bonds. -
SECTION The Congress the Confederate States of Amer
len do enact That the Secretary Of the Treasury may
millions Of collars in bonds payable at the expiration Of weny
years from their date and bearing rate Of Interest exceed
said be paid semannualy The said sonas after
81 '5f e o r psfs hs ss
G as e 70 e Os spss s Of 1
and under such regulations may be prescribed BY The
ary Of the Treasury at the ensuing
this law Nor Shall the said 5ons be IS s nd
said Secretary for Treasury Noes the Of Any bark
corporation or individual bn only in the herein pre-
construed the Secretary the Treasury from
reeeisng foreign bills of exchange in pay bonds
BEL be entitled authorize che issue of Treasury
notes, and 70 provide War Tax for their redemption
SECTION l. The Congress of the Confederate States of
he is hereby auhozed from time public neces
ses may 70 Issue Treasury notes payable bearer
Of between the Confederate United States
dollars and 10 be Teissuabs al pleasure IN il hs same a
payable but the whole sue outstanding one time ncud
hundred millions Of dollars said notes shall be receivable
in Of the tax hereinafter provided and all
so g received in payment of the subscriptions of the
proceeds q safes Of raw produce and manufastured articles
FOR making exchange for The proceeds of The of
military stores tbs secretary Treasury with assent q
the President is authorized to issue bonds payable
than twenty after and bearing
exceeding eight per eenu per annam until they become pay
able the interest f 70 b. paid the bonds
be deemed substitute for thirty millions of bonds author
be deemed revocation IF the authority e issue he SAID
hirty me said bonds she not be ISSUED in less
except the subscription Is less than hundred dollars
me said bonds may be issued in of fifty dollars They
proceeds Of produce articles the
crpons Of Ire have be or I be made pN At
particular date the Secretary of the Treasury power
iess the 'n' Of sale until saeh date as he shall see fit to
SEC That special purpose Of paying the principal
tax Shall Be and iesd lily cents
eaeh nanarea dollars ~ vnus OF the following property
sesseubsr 10. 1851. = zt se2s 2ptf