The south-western. [volume] (Shreveport, La.) 1852-1870, 1862-05-14
CIRCULAR.
CONFEDERATE STATES OF AMERICA,
TIM.

CONFEDERATE STATES OF AMERICA,
Treasury DEPARTMENT
Richmond, August 22d, 1861.
FEyHE Congress Of the Confederate States has author
d sed the Secretary Of the Treasury to issue Bonds to
an extent exceeding hundred millions OF dollars
for the purpose OF funding its Treasury Notes and for
making exchanges for the proceeds OF the sale OF raw
produce and manufactured articles, and the purchase OF
spicie and of military stores.
Underthe authority Of previous ct the Secretary APP
nOutsd Commissioners resident different sections Of
the States to solicit in advance from planters manufac
turcrs and others subscription the proceeds Of the sale
Of their crops and other branches of industry to be paid
for In bonds of the Confederate States.
To the patriotic and Jealous efforts of these Commits
s0Ders 10 less than the lofty patriotism the people,
the government is indebted fer an aggregate subscTp
ton which reaches already many millions OF dollars The
bcray ofeVerycaSs ofthecOmmunltF has been evinCed
The cotton the rice the tobacco and the sugar planters
have We'd with each other and in the first named staple
alone the subscription IN several Of the States reaches
from one-third to onehaIf Of the entire crop.
1t not proposed as has been frequently explained to
interfere with the usual and customary arrangements OF
planters and others ~ making sale OF their produce TINS
Is not necessary 1t is only asked that each individual
shall indicate in advance the proportion of the same
which he wiling to subscribe the time and place OF de-
livery the factor merchant IN whose hands It Is to be
placed for sale and who is authorised to pay the
proceeds and receive in exchange Confederate Bonds
These Bonds carry interest of eight per cent? payable
semi annually and not to be issued ofless denomna
ton than hundred dollars, except where the sub
scrpon is for a less amount, when the limit is fixed at
fifty dollars The payment Of theprincpal and interest
is secured as viii be perceived, by special act OF Con-
gTess.
The agricultural aud manufacturing interests which
have the opportunity Of contributing to the wants
and sustaining the credit Of the Government not in
condition to make cash subscriptions to the loan preyl
ousIy authorised Their surplus capital was already IN
vested and their command oresOurces in the nature Of
things mainly to be looked for IN the future Upon
such future resources they authorised safely to draw,
and the investment proposed aside from It's claims on the
Ofparusm may beregarded altogether as adyan-
tageous and as safe any other business transaction
The time of sale referred in the caption of the lists
wi ich are is
which the crop brought to market and Will of course
be subject to those considerations OF mutual interest
which would postpone sale where the property would
be sacrificed.
Special agents have been appointed viii be appoin
ted in every County and District OF the south Ihey VAL
be furnished with subscription lists, and requested to
bring the subject before their fellow citizens IN every pro
per manner by personal appeals, public addresses or
through the 0fthe press The results Of
their abors viii be communicated from time to time To
this Department, REQUESTED THAT AGENTS WILL
ENDORSE UPoN THE LISTS THE NAME OF THE HoaToFFICE,
County AND STATE no WHICH THEY BELONG.
The sections of the several Acts OF Congress winch re
late to the subject ofthe loan are herewith annexed
c. q. MEMMlAGER,
Secretary Of the Treasury
An Acr to authorize loan and issue of Treasury notes.
and preScribethe punishment for forging the same and
for forging Certificates Of Stocks and Bonds.
SguuOS l. The congress Of the Confederate States Of
America do enact That secretary fthC treasury mays
with the assent OF tile president q the Confederate States
issue fifty millions Of dollars III bonds payable 1.-THE eG
prtou Of twenty years from their date, and bearing
rate of interest not exceeding eight per cent per
until thev become PAYABLE the said interest to be paid
semi-annualy. The said bonds after public advertise
in three newspapers within the Confederate Suites
for six weeks, be sold for specie military stores for
the proceeds Of Sales Of raw produce manufactured ar
Clcs, TO be PAID IN specie or bills OF exchange IN SUCH
and under such regulations may represented
~ tile secretary Of the treasury to report at It's next en-
suing session the congress of the Confederate States
Shall the said bonds be issued in fractional parts of the
hundred or be hanged bv the said secretary for treas
l..rI ft,.I