, 1862-02-08


TIE TREASURY.
The following official letter, addressed BY
The Secretary Of the Treasury to the Register
Of the Treasury, will be found Of interest to
the public:
CoEFEDERATE STATES OF AMERICA,
TREASURY DEPARTMENT., :
RICHMOND, Dan. 3rd, 1862
RoEEnT TYLER ESQ, Register:
SIR: The following arrangements have been
determined upon for collecting the subscrip-
tions to the Produce Loan. As these salbscrip-
tiois are, in substance, offers to take SO much
OF The loan Of one hundred millions Of bonds
authorized By the act of August l9, 1861, the
issue Of said bonds and the Carrying into COM
plctc effect tie subscriptions, arc regular du-
ties OF our bureau; but 1nasmuch rs they are
new and onerous. additional clerks will be fur
x isF salary hs pepeLmS or m t5a ehoad fns1 aSd
tile chief charge Of the business, with one or
two clerks under him. But until Congress
slaH allow such clerk you will use the scr
vices Of the clerks now allowed. HI. DeBow
las heretofore been discharging the duties Of
has nearly completed the arrangements for
the subscription, The remaining details are too
oDetous to be discharged By any unpaid Off
cial, and Mr. Norrell, the present clerk, will
continue to discharge the same. under your
direction, until other arrangements arc made.
4AC u EaIEx414u 4Ol CQAEEl4uE S&AA I1O5lQA
the subscriptions will bc made As follows: 4
principal agent or broker will be appointed at
each Of the principal cities, where the sub
scriptfons ore payable. These agents will take
charge Of all the subscriptions payable at that
place, and also at all other places within the
agents, subject to the approval Of the
Secretary of the Treasury, to collect aay sub
scr1pdons which may be payable at such other
places; and shall superintend and direct the
to account with Linn weekly; and shall re-
quire them TO pay over weekly to such assist
| ant treasurer or depositaty as he shall desig-
nate, all moneys collected by them. The
agency at New Orleans shall Include the State
| Of II Mississippi, except where its subscription
may be payable at other principal agencies.
| Each agent shall, On receiving payment of a
subscription, issue to the subscriber receipt
for the same, e2changeable for stock or bonds,
| in tho form prepared by the Department.
These receipts shall be subordinate to his
principal, and by each principal to the nearest
| Assistant Treasurer Or depositary, and the
| mony received shall be paid over to such
Treasurer or depositary. The Treasurer OF
depositary shall deliver in exchange for such
receipts tic bond or stock which they call for,
and the respective agents who received the
subscription shall be bound, as part Of the
service paid for By their commissions, to
apply for the said bonds and stock, and ex
change them with the parties holding the re
| celpt6.
The compensation Of all the agents, botf
principal and subordinate, shall bc BIZ a bro
kerage, to be deducted from the amounts col
lccted by them at the rates set forth in tht
schedule hereunto appended. The followin!
places have been determined upon for tile 10
cation Of the principal agencies, to Wit: Gal
i weston, New Orleans, Memphis, Mobile, Apa
lachleo1a, Augusta, Charleston, Wilmington
and Richmond.
You Will be duly notified Of the persons ap
pointed agents at these places, and will ut ono
prepare the Lists Of subscriptions and book
, Of receipts TO be forwarded to each Circula
Instructions will also be furnished you to fol
ward to The agents. c. G. MEMMISGER,
: Secretary Of the Treasury
! RATES OF BROKERAGE COMMISSIONS TO BE III
r LOWED.
l On oil sums Of 100000 and under, one pc
: cent; on all sums over $10O, GOO and less tia
: $500, Goa, one-fourth of one per cent addition
S al on Ill Sums over e500,OO0 aud less tha
n 81, ,O0O, ,0 one-flfth Of one per cent additional
i on all sums over 81 ,000, 600 and less tia
It S2 2,0W, GOO, one-tenth Of one per cent add
i uonaI; On all sums over 81, 100000. one-twe,
II tieth Of one per cent additional, until tt
e whole compensation Of any one agent shs
u reach a 600 in one year, beyond which L
eLa.gc shall he allowed.