The south-western. [volume] (Shreveport, La.) 1852-1870, 1862-04-23
OFFICIAL
Loan for the Defense the Confederate States
< 900 600

Of this most advantageous investment will be offered
the public the 18th April ensuing, and every cl-
zen throughout the Confederate States will have the
opportunity of taking share of the benefit at the same
time of sustaining the cause OF his country
Bonds with coupons will be issued in sums from
$1,000 e 500 and where tits preferred, stock certificates
in the usual form may be had The interest is at eight
per cent per annum, payable every SIX months al ali
our principal cities.
The debt has the very unusual and important security
of duty of One-eigth of cent per pound, or about "
cents per bale all cotton exported This duty under
all circumstances OF peace war; secures the punctua
payment of the interest, and furnishes sinking tuna
for the redemption of the principal The coupons when
due receivable IN payment OF the duty on cotton,
and are thus made available as CON- everywhere in
country In order to enable all portions of people
to take part of this valuable investment and to exhibit
their interest in raising funds for the common
defense books of subscription will be opened at the cities
and principal interior towns; i've per cent must be
paid in cash at the time of subscription, and the re-
mainder before the LIST of 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 equase the rate of subscription at all points
and to enable al persons conveniently to subscribe,
bank notes of the place will be received at their
market value in coin.
In case Of an over-subscrpton, preference will be
given to those who pay down their whole subscription;
subscribers of 500 next to subscribers of 500
C. G. MEMMINGER,
Secretary Of the treasury.
Montgomery, March 10th, 1861.
Formore ample information to all concerned copy
of the act of congress is subjoined:
An ACTtO raise money for the support OF the govern
mcnt and to provide fer the defense OF the conteder
ate States Of America.
SECTION l. The congress of the confederate States Of
America do enact That the president the confederate
States be and he is hereby authorised at any tune with
in twelve months after the passage Of this act to Dor
row. the credit of the confederate States sum not
exceeding fifteen millions of dollars, much thereof
as in his opinion the exgences of the public service
may require, to be applied to the payment ofappropra-
tOnS made by law for the support OF the government
and for the defense of the confederate States
SEC . The secretary treasury hereby authorised,
by the consent Of the president of the confederate States
to cause be prepared certificates Of stock bonds in
such hereinafter mentioned, for the amount
to be borrowed aforesaid to be signed by theregster
of the treasury and sealed with the seal the treasury
and the said certificates of stock bonds shall be made
payable the expiration of ten years from the first day
Of September next and the interest thereon shall be
paid scmiaunuay at the rate of eight per cent per
num- at the treasury and such other place the
tary ofthc treasury may designate. And to the bonds
which shall be issued aforesaid, shall be attached
coupons for the semi-anua interest which may accure,
which coupons may be signed by officers to disappointed
for the purpose by the secretary of the treasury And the
faith ofha confederate States is hereby pledged for the
due payment of the principal and interest of the said
stock and bonds
SEC 3, At the expiration of five years from the first
day Of September next the confederate States may pay
up any portion Of the bonds stocks upon giving three
months previous public notice at the seat otgoyernment
Of the particular stocks bonds to bepad, and the time
and place of payment; and form and after the time
appointed no further interest shall be paid on stock or
bonds
SEC 4 The certificates of stock and bonds shall be
issued in such form and for such amounts as may be
determined by the secretary of the treasury and may be
assigned delivered under such regulations he may
establish But 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 proceedings and the
rate at which the loans may have been made and all
penSes attending the same.
SEC From and after the first day of August 1861,
there shall be levied, collected and paid duty Of one
eighth Of one cent per pound on all cotton in the raw
state exported from the confederate States which duty