The south-western. [volume] (Shreveport, La.) 1852-1870, 1862-02-19
CIRCULAR.
CONFEDERATE STATES OF AMERICA,

CONFEDERATE STATES OF AMERICA,
TREASURY DEPARTMENT,
4 Richmond August 22d, 1861.
TEyE Congress of the Confederate States has author
ised the Secretary of the Treasury to issue Bonds to
extent not exceeding one 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.
Underline authority previous Act the Secretary APP
pointed Commissioners resident in different sections of
the States solicit in advance from planters manutac
turer and others subscription OF the proceeds OF sale
Of their crops and other branches ofndustry be paid
/ for in bonds of the Confederate States.
To the patriotic and Jealous efforts of these Commits
sones no less than the lofty patriotism of the people,
the government is indebted for aggregate subscrp-
ton which reaches already many millions OF dollars The
beraty oeyeryclass ofthecommunity has been eVnced
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 one-haf Of the entire crop.
1t proposed, has been frequently explained, to
interfere with the usual and customary arrangements of
planters and others in making sale therproduce This
is not necessary 1t is only asked that each individual
shall indicate in Advance the proportion of the same
which be is willing subscribe the time and place of de
livery the factor merchant IN whose hands is to be
placed for sale and who Is authorised to pay over the
proceeds and receive iii exchange Confederate Bonds
These Bonds carry interest Of eight per cent payable
semi annually and are be issued of less denOmna-
ton than one hundred dollars except where the sub
scrpton is for less amount, when the limit is fixed at
fifty dollars The payment of the principal and interest
+ !
The agricultural and manufacturing interests which
have the opportunity Of contributing TO the wants
and sustaining the credit OF the tGteIn4ent were not IN
condition to make cash subscriptions to the loan prev
ously authorised Their surplus capital already in
vested aud their command Of resources in the nature Of
things, mainly to be locked for in the future Upon
such future resOu they authorised safely to draw
and the investment proposed asdetrom its claims the
ofpatriotsm may regarded altogether as adan
ageOus and as safe as any other business transaction.
The time of sale referred to in the caption of the lists
which are sent out intended indicate the usual date
at 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
Il be sacrificed.
Special agents have been appointed or viii be appoin-
ted every County and District Of the South They will
be furnished with subscription lists, and requested to
bring the subject before their fellow citizens in every
per manner by personal appeals, public addresses
through the insumenaItv ofthe press The results of
their labors will be communicated from time to time to
this Department AND IT IS REQUESTED THAT AGENTS WILL
ENDORSE UPON LISTS THE NAME OF THE PosToFFICE,
4 COUNTY AND STATE TO WHICH THEY BELONG.
The sections of the several Acts Of Congress which
late the subject ofthe loan are herewith annexed.
c. G. MEMMINGER,
Secretary Of the Treasury
An Act to authorize Loan and Issue of Treasury notes.
and prescribe the punishment for forging the and
| for forging Certificates of Stocks and Bonds
SECTION j. The congress Of the Confederate States Of
America do enact That the secretary ofhe treasury mays
with the assent Ohe president othe Confederate States
issue fifty millions Of dollars in bonds payable at the
pration of twenty years from their date, and bearing
rate f interest t NEEDING eih er cent Nor anpIIn7
until thew become PAYABLE The said interest TO be paid
mannlaIly The sad bonds afrer nubIic advertise
reTt in three within the Confederae states
for si weeks ia he 6d for sneca military stores or for
the ocaad Of s5Ins If rg ar rannFactred ar
tiras "a he nod IN eria dI b;lIs If rvcbae in s1rb
ra ad i5rdr s,,df ag,IiafaI,e i NAV he 7ascri1ed
W H. sota f III tsi,, N nnar{ n I'D M m
s3;l oi n tha r,,1rass Ill C6nfador"ta Statas
rec5a tnI,anf ofis Tnsctions I1rter tbisiao Mar
Shall the said bonds be issued In fractional parts of the
5IlraJ or he aboyoed Nv the said srcretaIy far ras
NJ 80, Or tho 49, Of an, hor5 (or,orst;o, or nd;
III ~ nj IN tI - 20, ~ Lriinl. p,
dd Tbot otbi,l baro cI,taiI,ad biI he 60 csti,d
" - f 7ot Of Tho tnSs. f reiy
mo f,n bi of vch@Iye il ay,rnent IL tbesa bonds
~ Ilct NAV 1sfi /
~ -o'iJ
Pill 20 pc ehtltie4 an Aet 70 a4thoise tne issue OF
treasury notes ana TO proNae@ Nar lax Iof ther re-
4emPte4;
9ECiioA l. me congress 81 the NoLeGefate states OIL
America DO enact mat the secretary OF the treasury be-
ana ne hereby authorised from tme 10 uhe as the
puDe hecessllieS may require, 20 issue treasury notes
payable to bearer at the expiration OF SIX months alter
lne ra5t1on o. 4 uea;y o. 2e4ee ogt"eeh the CohIG
ofa ro+ Iass ,gn dollars