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


CONFEDERATE STATES OF AMERICA,
TREASURY DEPARTMENT,
Richmond, August 22d, 1861. J
EvHE Congress Of the Confederate States has author
I sed the Secretary fthe Treasury to issue Bonds to
an extent not exceeding hundred millions OF dollars
for the purpose Of funding its Treasury Notes ana Tor
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 Act The Secretary APP
,onted Commissioners resident different sections of
the States to solicit in advance from planters, manufac
turers and Others subscription Of the proceeds the sale
Of their crops and other branches OF industry to be pad
for in bonds of the Confederate States.
TO the patriotic and Jealous efforts Of these Commits
soners less than to heloty patriotism of the people,
the government is indebted for aggregate subscrp
ton whichFeaches already many millions OF dollars The
beraty ofeYerycass OF thecOmmunty 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 nethird to One-half 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 their produce rms
is not necessary. 1t Is only asked that each individual
shall indicate in advance the proportion Of the same
which he willing subscribe the time and place of de-
livery the factor merchant III whose hands it 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 ofless denomna
ton than 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
is secured will be perceived, by special act OF Con
greSS.
The agricultural and manufacturing interests which
have the opportunity of contributing to the wants
and SUSTAINING the credit Governments were not III
condition to make cash subscriptions to the loan Prev
ousy authorised Their surplus capital was already IN
vested and their command olresources IN the nature OF
things was mainly to be looked for in tile future Upon
such future resources they authorised safely TO draw
and the investment proposed asdcrom It's CLAIMS on the
score III atrtisrn ,y bp garfed atoqether as van
oraor,s ana n. s,F ne any other business transaction
The tirna Of sale farrcd tn in the CAPTION of the lists
which are sent ot IL intended to indicate the usual date
at which the cop i brouot to market and will of course
be subject TO those considerations of mutual interest
which would nostnona Sale where the property would
be sacrificed
Special agents have been appointed, or viii be aPpon
ted in 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, Ply personal Appears puoht aUul eSst
through the fundamentally otthe press The results Of
Their iaborS VIII be communicated from te % June 10
this Department. AND 1T IS REQUESTED THAT AGENTS Will
ENDORSE rIoN THE LISTS THE NAME OF THE EosIoSFioE
CoTNTY AND STATE TO WHICH THEY BELONG
The sections OF the several Acts OF congress "ic re-
late TO the SUBJECT q heloan ar hersMiJn auheAeu
e. u. MEANLNPbR,
~
AN ACT 10 authoSe loan ana issue OF treasury hoteS
ana prescilDet the punishment lof Forging Ine anu
for forging Certificates OF stocks ana bonas.
SECTION l. Inc congress OF the confederate states u
America do enact mat me secretary OF te treasury may
with the assent OF me PeSaen OF tt states
issue fifty millions OF dollars IN bonds payable at the e&
piraton Of twenty years from their date, and bearing
rate OF interest not exceeding eight per cent per annun
until they become payable, the sad interest TO be PAD
ml-annuaiE The SAID bonds after Pubhc advertise
ment IN three newspapers WITHIN the Confederate states
the proceeds Of sales Of raw produce or manufactured ar
rcIcs 10 he Maid in srecic or hills of EXCHANGE in such
manner and under such regulations as NAV be prescribed
bv the secretary Of the treasury to report at its
suing session to the congress Of the Confederate States
precise ofhs Transactions under this law Nor
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