The south-western. [volume] (Shreveport, La.) 1852-1870, 1862-01-22
CIRCULAR.
CONFEDERATE STATES OF AMERICA, J
TREASURY DEPARTMENT,

CONFEDERATE STATES OF AMERICA,
TREASURY DEPARTMENT,
Richmond, August 22d, 1851.
TEyHE Congress of the Confederate States has author
iscd the Secretary of the Treasury TO issue Bonds TO
an extent exceeding hundred millions OF dollars
for the purpose 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 of previous Act the Secretary a
pointed Commissioners, resident IN different sections OF
The States 10 solicit in advance from planters manufac
urcr and others subscription Of the proceeds OF the sale
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
souers less than theloy patriotism of the people,
the government is indebted for an aggregate suGscrp-
ton which reaches already many millions OF dollars Inc
beray OfeyeryClass Othecommunlty has been eylnced
The cotton the rice the tobacco and the sugar planters
have We'd with each other, and IN the hrst named staple
alone the subscription several of the States reaches
from ouc-third to one-haf Of the entire crop.
1t not proposed, has been frequently explained to
interfere with the usual and customary arrangements OF
planters and others in making sale OF produce rms
is not necessary 1t Is only asked that each individual
shall indicate IN advance the proportion OF the same
which hes willing to subscribe the time and place OF de
livery the factor merchant III whose hands Is to be
placed for sale and who Is authorised to pay over the
proceeds and receive IN exchange Confederate Bonds
These Bonds carry interest Of eight per cent, payable
semi annually and not to be issued OF less denomna
ton than hundred dollars except where the sub
scrptou is for less amount, when the limit is fixed at
fifty dollars The payment Of the principal and interest
j. secured, VIII be perceived, BY special act OF Con-
The agricultural ana manufacturing interests which
have the opportunity Of contributing to the wants
and sustaining the credit Of the Government were not IN
condition make cash subscriptions to the loan preyi
uusy authorised. Their surplus capital was already in
vested ana their command Of resources IN the nature Of
things, mainly to be looked for ID the future Upon
such future resources they authorised safely to draw,
and the investment proposed aside from t CLAIMS on hc
score ofp4rom may be regarded altogether As adyan-
taEcous and safe az amy other business transaction.
The time Of sale referred 70 ln the caption Of the lists
which ont il intended to indicate the usual date
which the crop is brought TO market and will OF course
be subject to those considerations 81 mutual interest
which would postpone sale where the property would
be sacrificed.
Special agents have been appointed Will 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 pro
per manner, by personal appeals, public addresses or
through the ustrumeutatv of the press The results OF
their abors viii be communicated from time to time to
this Department, 1T REQUESTED THAT AGENTS WILL
ENDORSE UFoN THE LISTS NAME OF THE PosroFEICE,
County AND STATE WHICH THEY BELONG.
The sections of the several Acts Of Congress which
late the subject Of the loan are herewith annexed.
c. G. MEMMINGER,
Secretary Of the Treasury.
AN ACT to authorize loan and issue of Treasury notes.
and prescriJethe punishment for forging the and
for forging Certificates OF Stocks ara Bonds
Section The congress Of the Confederate States Of
America do enact That the secretary Ofhe treasury mayt
with the assent othc presdentofte Confederate States
issue fifty millions Of dollars in bonds payable at the ex
pra0n Of twenty Years from their date, and bearing
of interest not exceeding eight per cent. per auuum
until they become payable, the said interest be paid
seIn-auuuay- The said bonds after public advertise
in three newspapers within the Confederate States
for SIX weeks TO be sold for specie military stores or for
the proceeds OF sales Of produce manufactured ar
Uces to be pad ID specie or bills OF exchange III such
muHnc aud under such regulations may represented
by the secretary Of the treasury report at its next
suing session to the congress the Confederate Staesa
precise statement OF his transactions under this law Nor
snail the said bonds be issued in fractional parts Of the
hundred orbc exchanged by tie said secretary for treas