New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-03-29
Neh 0rIsans Duly Crescent.
5-E-ETCz5T5SsS5,57
FRIDAY MORNING, MARCH %, 1861.

FRIDAY MORNING, MARCH %, 1861.
LOAN FoRTHE DEFENSE oF THE
Confederate States.
Five millions of this most advantageous invest
nlent will be offered to the public the 18th April
ensuing and every citizen throughout the Confed-
crate States will have the opportunity OF taking
share of the benefit at the same time of sustain
ing the cause of his country.
Bonds with coupons will be issued in sums IRON
$1,000 to $50, and where IL is preferred, stock GER
Cd tfcatcs in the usual form may be had. me inter
est is at eight per cent. per annum, payaoie e'0y
six months at all our principal cities.
The debt has the very unusual and important Sc
curty of duty of one. eighth of cent per pound
or ,hort 30 cants ner hale on all cotton exported
This dutv under all circumstances Of peace or war,
secures the punctual payment Of the interest, and
furnishes sinking fund for the redemption OF the
nr;ne;nal The coupons when due are receivable
in navment of the duty on cotton, and are thus
made available as coin, everywhere in our country
In order to enable all portions Of our people to take
mart of this valuable investment and to exhibit
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 atthe time of subscrp-
ton, and the remainder on or before the lst 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 receipt
for the delivery of bonds or stock To equaize
the rate of subscription at all points, and to enable
all persons conveniently to subscribe, current bank
notes of the place will be received at their market
value in coin. -
In case of an over-suosctiPt'oh' preference WIN
be given to those who pay down the whole sub
srrinfion. next to snbscribers of $50 next to sub
- - s,oo
scriDers ol @loV' r. q yFNu1yCER @&
secrenrv Of The Treasury.
Montgomery March lsth. 1861
-
For more ample information to all concerned, a
cony Of the act of Congress is subioined:
- ,..-,,o,ru ~, .-,,r,
AN ACT TO RAISE MONEY FOE THE Euffott @ @ oH liE
GOVERNMENT, AND TO PlovlDE FOX TIE D'fi>sA
oF4THE CONFEDERATE STATES OF AAERlCA. z.,,
SECTION !. Iite Gotgres' ny ~ ~ "oI
Mates Of a'eflcG 40 e@ac' l,'hL ti'e rLes,Ient o
t1e confederate states ne anu he Is me,epy %U
thorized, at any, time within twelve months after
the passage 81 lhls acR 70 potro", on ts Du' ee "
me Contederate Stntes' sum m"E ,oreof - M
teen milhons OF dollars, or so snucn thIle"i as Ia
MS opinion the exl6encies OF t'le punt heFFlGe f
aay require, to be appIea TO ne payaent ol uI
"pfopFiatohs haue oy NV lpl W sIppp'E w. a'.o
Government and 1or the defense oi Ihe ooLeuefaIe
states ..,.c A., ,r..,,, :, 1.,,u
SEC. = me secretary o t4e LiT@sutg ~ 'e tpy Iy
authorized, ~ the consent OF ue tFtsiutnC ol A4e
Confederate states, TO cause 70 pe prepared Geltl
icates OF stock or 6onas, IN sacn sums rs le L'Ere
matter mentioned, 1of thG amount 70 pe no'iS"tu
as aofesald 70 pe s,gne4 3y te lteGls'gr ~ nl !ne
Treasury, and sealed with the seal OF the IteaSnt}
ana the sald certihgates OF STOCK OF hohoa hhl pe
made payable at the expiration o' zen years rom
the ilrst Day OF SePtempet next; anu ''iS iLtleSt
thereon shall be pad semfAhnuaiy 81 the rate ol
eight per cent per annuHi, at lhe treasury ana
such other places as the Secretary OF ue treasury
may designate. And to the bonds W4lch shal pc pc
issued as aforesaid, shau nc atlacneu coupons ioF
the semi-annual interest which may accrue, "hch
coupons may be signed by officers 70 be aPpoihted
for the purpose by the secretary Of the treasury.
And the faith Of the Confederate states IL hereby
pledged for the due payment Of the principal and
SEC, & At the exniration of five years from the
first day of September next the Confederate States
may pay up any portion Oh tne po'us ua Su"Gns ';
o overnysnf of the narticnlar stocks
or bonds TO be paid. and the time and place of
payment; and from and after the time so ap-
pointed, no lnrtheE interest Shal' NC p@'u on S1i'
So The certie,atea of stuck and bonds shall
be issued in such form and for such amounts as
may be determined by the Secretary OF the IreaS-
uFg, anu iay pe assi5ueu III pt @ ~ tbaL
absiI ho FOR jaas ann than fifty dollars: and he
shall report TO Congress, at its next session, a
statement in detail OF bis proceedings ana the rat
al Hlen tne loais in.y t m%so 'oo ''''
eHpSn'e 80 n5 ftor +bn frat dav of Aunust
1oc1 hann ahol bo lnviad collected and naid a
drtI ~ ono eirhtb of one cent ner pnnnd on all
cotton in tba ro2 etote eynnrted from the Confed.
erotn Statas which dnty ia hereby specially
nlndond to the dne naVment of interest and prnci-
Pr ~ W - ~ f:I3 g., i, 41,;c oc+ td +ha
1.@ p VI w @ 81 rs ~ ! 1noar,, 10 barahv 6rizpd and