The New York herald., 1862-02-04

THE REBEL. PRODUCE (COTTON) LOAN.
crRcuIAR FROM THE REBEL SECRETARY OF THE
rRnAsuRy-How AND WHERE 1T is TO BE COL
IrcrFn-RArEs OF BROKERAGE COMMISSION TO BE
ALLOWED
The following official letter addressed by the Secretary
of the Treasury the Register Of the Treasury will b
found of interest to the public
CosFEpERArE STATES AMERICA, /
TIRE sURY DEPARTMENT, RICHMOND, JAN 8, 1862. }
RosfRr TYLER, ESQ.,, REGlsnR;-
slR-The Following arrangements have been determined
upon for collecting the subscriptions to the Produce Loan
AS these subscriptions are substance offers to take
much OF the of hundred millions of bonds au
thozei by the act of August 49, 1861 the issue of said
bonds the carrying into complete effect the subscrp
tons regular duties Of your bureau but nasmuch as
they onerous additional clerks will be fur
nshed you for the purpose think chief clerk with
salary of 81 $780, should have the chief charge of the ou
sness, with one or two clerks under him. But until
Congress shall allow such a clerk you will use the
services OF the clerks allowed. Mr. De BOW
has heretofore been dischargng the duties OIL
chief clerk without any salary but as ne has nearly
completed the arrangements for the subscription the re-
naming tails are onerous 10 be discharged by any
unpaid official Mr. Norrell, the present clerk will
continue to discharge the same, under your direction un
til other arrangements are made.
The organization for collecting and closing the subscrip
broker will be appointed each OF the principal cities
where the subscriptions payable These agents will
charge OF all the subscriptions payable at that place.
and also at all other places within the State and
shall appoint subordinate agents subject to the approval
OF the Secretary of the Treasury to collect any subscrp
tons which may be payable at such other places ana
shall superntend and direct the action Of such subord
mates and cause them TO account with him weekly; and
shall require them TO pay over weekly 10 such assistant
treasurer depsitary as he shall designate all moneys
collected by them. The agency at New Orleans shall
clude the State OF Mississippi, except where its sub
scrption may be payable at other principal agencies
Each agent shall, receiving payment of subscrp-
tion the subscriber for the same
changoable FOR stock bonds the form prepared by
the department These receipts shall be reported by sac
subordinate to his principal and by each principal to the
Assistant Treasurer deposary and the money
ecvod shall be paid 10 such treasurer deposta
ry. The treasurer or depositary shall deliver in
change for such receipts the bonds stock which they
call for and he respective agents who received the sab
Scpon Shall be Dound as part or the service PAID Tor
By their commissions, TO apply Tor the said bonds and
stock, and exchange them with the parties hoidg the
receipts.
The compensation OF all the AGENTS. both principal and
subordinate shall be by brokerage be deducted roua
the collected by them the forth in
the schedule hereunto appended. The following places
have been determined for the location of the princi
pal agencies, to wit-Gaveston New Orleans Memphis
Mobile, Apaachioolo, Augusta, Charleston Wilmington
You will be duly notified Of the persons appointed
agents At these places and will at prepare the Isis
OF sgbscripons and books receipts be TO
oach Circular instructions will also be furnished you
forward to the agents C. G. MENIMINGER,
Secretary Of the Treasury.
RATES OF BeoKERAGE COMMISSIONS TO BE ALLOWED
On all OF 800 900 and under per cent on all
500 900 and than $500 600 onefourth Of
PEI adGi:ional all sims over SEQ 600 and
less than 81 900 0OO one fifth OF one Der ,n additional
all eco and less than 80 900 600 one
tenth OF per cent additional; ali sums over
81 900 0o0 onetwenteih Of one cent additional
tn whole compensation of any agent shall reach
1900 in one year, beyond which charge shall be a..
lowed.