New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-09-23

1
Richmond Aug "a, 1861
The Congress of the Confederate States has authorized the
Secretary of the Treasury to ue bonds to an extent not
ceedng hundred millions of dollars the purpose of fund
its treasury and for making exchanges for the pro
ceeds of the sale of produce and manufactured srtc e
| the purchase Of specie and military stores.
Under the authority of previous the Secretary appointed
Commissioners resident different sections Of the
States solicit in advance from Planters manufacturers and
Others subscriptions of the proceeds of the sale of their
and other branches Of industry paid in bonds Of the
Confederate States.
To patriotic Jealous efforts of these
less than to the lofty patriotism of the people, the Government
indebted for aggregate subscription which reaches already
many millions dollars liberaity of every class of The
community has been evinced The cotton the rce the
and the planters have Wed with each ohe and
first named staple alone the bsc in several Of
reaches from one-thrd one-falf of the entire crop
1t is proposed has frequently explained to inter-
fere with the usual and customary arrangements planters
others making sale of their produce This is not
only asked that each individual shall indicate advance
thepropo on of the which he is willing subscribe the
time and place of delivery the factor merchant whose
hands 1t be placed for sale and who is authorized pay
the and receive exchange Confederate bonds
The bonds cent payable senannuay
to be issued of less denomination than hundred dollars
cept where the subscription is for less amount when limit
is fixed at hy dollars The payment of the principal and IN
eres Of the bonds secured will be perceived special
act of Congress. --
The agricultural and manufacturing interests which have
the opportunity contributing the wants and sustaining
the credit Of the Government, condition to make
cash subscriptions the loan previously authorized Their sur
plus capital already invested aud their
in the of things mainly looked for
the future Upon such future they authorized
safely to draw, and the investment proposed aside from
claims the Of patriotism, may regarded alto
geher advantageous and safe any Other business
tons.
of sale referred to in the caption of the lists which
to he
crop brought to MARKET and will of be subject
considerations Of mutual interest which would postpone sale
where the property would be sacrificed.
Special agents have been appointed will appointed
every county district of the South They will furnished
with subscription lists and requested bring the subject
their fellow in every proper manner by personal ap-
peals public addresses through the fundamentally of
press The results of their labors will be from
time 10 time this Department and is requested that
will endorse the lists the Of the posoce county
and State to which they belong.
The sections of the several Acts of Congress- which relate
the subject of the loan, herewith annexed.
c. G. MEMMINGER
Secretary of the Treasury.
AN ACT to Authorize Loan and Issue of Treasury Notes.
forging Certificates of Stocks and Bonds.
sEcToN The Congress of the Confederate States of Amer
DC r. IT. r % sy S s s with The
millions dollars bonds payable at The expiration Of twenty
from their date aud bearing of eres exceed
be ann"ay The PsSsS s q
pnec advertisement in hee within the Confede
for he proceeds Of sales of produce manufactured
and under such regulations be by secre
tary of the Treasury report at the next ensuing session
aW No be sd bsR m bis
ssep s or be sssaaEsa b M
or T 6a III the herein
construed as to prevent tie Secretary the Treasury
(Sc i Nay Issl '' u ''As' pay Dsn' '' THESE bonds
81 to be entitled an act to authorize che issue Treasury
notes and to provide War Tax for their redemption,
America enact That he Secretary Of the Tasuy be an
he is hereby authoriZ d. from time time public pce
expiration of The ratification of treaIy
Of between the Confederate States United States
dollars ressuable pleasure I'm the same are
pasabe but the whole issue outstanding time ncnd
ing The issued under former acts shall exceed ore
hundred millions of dollars the said notes shall be receivable
oe ubc dues except the duty on col ton and q s all
bso be received in payment of the subscriptions net
SEQ That for the pupo of funding The said notes and
Tor making exchange tor The proceeds Of the BALE
daee and manntactu ed articles the purchase specie
military stores thu ecretay of the reasnry with assent of
the President is anhoz to issue bonds, payable
Than tWen years after cate and bearing rate interest
exceeding eight per cenum per annnm nn the become pay
exceed in TIL whole one bundled millions of doars 10
be deemed substitute for thirty millions Of the bonds
bs deemed revocation If the authority to issue the aid
thirty millions The said bonds sht not be in less sums
except when the subscription Is less Than hundred dollars
The said bonds may be issued in Sums of fifty dollars They
proceeds Of and manufactured es the
crpions of the BEEN shah made pay able at
particular date the Secretary of the Treasury shall have
to extend The time of sale ue such date he shall to
indicate.
That for the special of paying the principal
ment shall of tiy cents upon
each hundred dollars n vaue Of the following property
September TO- 1861. SEES 2pa