The south-western. [volume] (Shreveport, La.) 1852-1870, 1862-01-29
CIRCULAR.
CONFEDERATE STATES OF AMERICA,
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CONFEDERATE STATES OF AMERICA,
Treasury DEPARTMENT,
Richmond, August 22d 1861.
FEyHE 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.
Underhe authority ofa previous Act the Secretary APP
pointed Commissioners resident in different sections OF
the States solicit in advance from planters manutac-
rer and others subscription ofthe proceeds of the sale
Of their crops and other branches Of industry to be paid
for ii bonds Of the Confederate States.
TO the patriotic and Jealous efforts of these Commits
soners less than theofy patriotism OF the people,
the government is indebted for an aggregate subscrp-
ton which reaches already many millions ofdolars The
beraty ofeveryclass othecommunity 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 III 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 making sale of produce This
+ not necessary Il is only asked that each individual
shall indicate IN advance the proportion Of the same
which he is willing to 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 in exchange Confederate Bonds
These Bonds carry interest OF eight per cent payable
semi annually and not to be issued ofless denomina
ton than hundred dollars except where the sub
scTipd0n is for less amount, when the limit Is fixed at
fifty dollars The payment Of principal and interest
is secured Will be perceived, BY special act Of Con
grcss
The agricultural and manufacturing interests which
have the opportunity of contributing to the wants
and sustaining the credit of the Governments were not IN
condition make cash subscriptions to the loan prey
ouslT authorised. Their surplus capital was already M
vested and their command ofresources IN the nature of
things mainly 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
Ofpatrosm may beregarded altogethera adTan-
tageous andas safe any other business transaction
The time of sale referred to in the caption Of the lists
which ont is intended to indicate the usual date
which the crop is brought to market and viii ocourse
be subject to those considerations OF mutual interest
which would postpone sale where the property would
be sacrificed.
Special agents have been appointed will be appon-
ted i'll every County and District of the South. IheyWl
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 fundamentally OF the press The results OF
their abOrs will be communicated from time to time to
this Department, REQUESTED THAT AGENTS WILL
ENDORSE UPON LISTS THE NAME or THE PosToFFIcE,
COUNTY AND STATE TO wHIcH THEY BELONG.
The sections of the several Acts of Congress which
late to the subject otthe loan are herewith annexed
c. G. AIEAMINGER,
Secretary Of the Treasury.
AIN Acr to authorize loan and issue Of Treasury notes,
and prescribe the punishment for forging the same and
for forging Certificates Of Stocks and Bonds.
SECTION l. The congress OF the Confederate States OF
America do enact That the secretary ote treasury mays
with the president Of the Confederate States,
issue fifty millions ofdollaFs ~ bonds payable az the eN-
praOn of twenty years from their date, and bearing
ofinteres not exceeding eight per cent per
until they become payable the said interest to be paid
semi-annualv The said bonds after public advertise
meut in three newspapers within the Confederate States
for six weeks to be sold for specie military stores ortor
the proceeds of sales OF produce maHutactureda
ttclcs be paid in specie or bills Of exchange in such
manner and under such regulations may represented
by the secretary Of the treasury to report at its next
suing session to the congress ofthe Confederate States
precise statement ofhs transactions under thslaw. Nor
sta he hFH If he