Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1863-04-24

crate Government md III, United States.-
All cell certificates bearing eight p6r Cent.
int, est, shall, with the accrued ihiotsSt be
fundAble on Or before tha first day OF july,
eighteen hundred and sixty tr;ee, into bombs
Of The Oon otsrale Sites, boring interest 1t
the rate Of eight per cent. ltr supuu,
and payable at any tma not exreed
irg thirty years nf.er their date: Pro-
ytisd, That the accrrsi interset aforesaid
tmsy; at tho option of the holder, be paid in
s:ssd Of being funded. Ali call certificates
of every description, outstanding the first
day of July, eighteen hundred and sixty
three shall, ef,sr that dats, bs deemed to lie
bouds bee1irg an annual Interest uf eix per
cent, aud psy.h)s Ct ds!e no: eSaee'',ng
t!.l.,y ys1ra frnm th. said trst Say II July
yightrep bundled and sixty
SSc Q In lieu Of Tho po*er heretofore siyoi
by law to the Secretary Of tue rf-ssury {,
isaus Treasury not 4, he.shA'l ba an'hoi!z d
to isspo monthly an amuunt CT ouch notes,
bearing NO interest," not exceeding dity Nil
liena Of dolara, with shall be renewable III
psyuen. Of al pubic dues, except the elport
duty On Gotten. and payable within t~c YEAR,
after the ratification o. treaty of pea4'e DC
tween the CyafedeEe tu States sud tho Unilud
States, and fundabls At the pleasure Of the
holder during Twelve mcaina from the DIST !ay
of tho month Of their iEsua, in herds of the Car
feder.ts 6latss, psyabls a. any tino not sxcesd-
luz thirry years alter date, aud bearing rates Of
interest "a follows: II Gurded within .ns.Ye
months from tho first day OF the DouLh Vi
ths.r issue, the honda shsll bssr six per cent
into,e est Lee snnY,n; il 'unded altar thst pc
Rod inry shall DO funIsbis Tito bonds boar
ing fnu, Dor csnt !#terea! per srnum. Ttis.e
notsa shall 5,sr uron their face the month
.nj vear Of their issue, and II no! funded,
shall he paid u: h7 ti.uo spe.:t:i On their
face WITHOUT interest.
Sec. 3. Alter ilI9 passage OF this sct, tbs
authority here;nfrIe gl7cn 20 issue call cel.l-
h.s.ss shall cos.s: but The notes fundabe
inir six Ter cent bonds MAJ bs ccryortcd st
TIC pleasure Of the holder, i0to osl! certib
c.tss, barring interest q; rhe rate OF live per
cent per snhuln, from The date Of ihe:i jgsGS
That 6vurJ such GeT,i9ca!a stall beAr upon
it, face the monthly da:e u the oldest hf ihe
rniea Viii it representa-, I'D ne cH,,9ort;bie
intO lks na.Ss ~ any tinn within six I,tnihs
from the first day OF the month of its monthly
date hf', sesid; but ey--y rer!fc..s not :-"o.i'
9oi ted w',!in six Months from tha irs. da,'
Of ia lron!hiy date, shall DO EXCHANGED for
bond pay able ct sny tl:oe n4i rxcet dlrs thii-
ty yeAis from tho expiration II the SOD six
months, snd Gssring interest a. the r.tc of sIS
per csntum per .cnnn. Treasury notes,
| which by tie operation Of Ibis act hsc.Hr
fuudable into bonds bearing yearly iatnfssL
Of four pur cent, may 10 converted, e: The
! pleasure Of The holder, into cal re:titiratss
I besring interest ut tho rate q fur psr ceut.
per annuIn, from thar cate Until recan7er.-d
or paid the said certificates being r-t"avvTt
ibla .: eny tiino by the holder iat' nctes
snndahle In four per cent bpnis, Ali T.ya
bio End receivable IS heretofore prescribed,
but the said certificates may be redeemed hy
! the government nfter six In6nihs from tho
ratification If treaty Of pesco between s!,s
Confederate Sts.es anal The United States.
| Sec. 4. Thss all horGs or registered stock
authorized to DO issued By this net, shAii be
payable not lers than thirty years kfter date;
but shsll BE- Reasonable five years after date
ct the pleasure Of the Government, and shall
IT, other reg pecLs conform to existing laws.
Sac. s. The Sucrs:a-y of the Treasury shall
use any disposabls uosns In the treasury,
! which tan BIO applied to tfss purpose w!thou.
| injury to tie prbio interest," to the purchase
Of Treasury nnlss bearing NO interest, and
| Issued after tho passage OF this act, un:ll the
whole s,aoynt Of treasury notes in circuJa-
| ton Shsli not tx -eed ore hundred ard seven.
.y five millions Of dollars.
Sec. 6 The treasury uotcs hereby allowed
60 be issued, shAIi be If my denomination Of
not lsss than Hvs dollars, which Is now su
thorizsd by law, that Toe Secretary Of the
Treasury may direct. The authority ke.ehy
given shall cease 81 tho expiration Of tie first
session uf Cypress, Alter the ratification Of q
traaty oil p-as;o, or " tho ejia ~ :xo yeAIs,
should the war continue 80 lGug.
Sec. Z. In addition to the authority hc.e!n- 4
before given 20 tue Secretary of tho Treasury
to issue treasury notes, he shall DO allowed
10 Issue notes of the denomiI. alton Of oMo
dollar, and Of two dollars, and Of Atty cents,
TO such an amount, 81, in addition to the
notes 1i the denomination Of one dollar, hero
tofore issued, Shall not sxcssd the sum Of
dnesn millions of dollars; AMI siid notes
shall he paysble Xix months aitor tie rat1tcs-
ton . treaty Of psacs between the Ounfede-
rate States and tho United States And recei,-
able in payment Of al public dues except the
export du:y on cstton hrt shall not Le fund
sble.
Sc. 6. That the Secretary Ct the Treasury
no authorized to coll bnhda bearing six Ier
cent. intmes. psf annum, and payable az hsrs-
inbefore directed, at par for treasury nnios
issued since lie 6rst day CT December, eigd-
teen hundred and s,xty-tHo, t. such Of tho
Confederate Hiates 81 mAy desire to pur-
chase The csme; or he icay soil such boads,
when guaranteed by any Of the States Of the
O3nfedelsoy, upon such p'sn IS may be de-
termincd by the Secretary Of The T.cssuiy,
fer treasury notes on such Terms a. he may
doom advisable. III tho highest bidder, and
nat tblow psT: Provided however, That the
pto's an:nunt Of such bends shall not c.cd
twi, hundred millions Of dollars and provide
fnrthar, That the treasury nc.us thug pu.
chased shall not he reiSsuGd, If the effect Of
such reissue would be to increase the wEolo
amount of treasury notes, bearing no interest
which are In circulating, t. . sum greater
thar one hurIred amt serenty-6ve millions
Of dollars And lbs Secretary Ct tie TTaa-
Rury is also su,horiz ], 81 his option, .he
Tia first Of July, eighteen hundred and sixty.
Ii roe, 20 ISSUE snd sell, az not lesa than par.
a. estimated in trsasury nUt6s cnupan hoods
III tina Confederate States, tasring six par
|, cent. interest per aItnu1n, Ind payable hs
bs.einbsto:s direrisd. Tie said coupons to
DO psil e! tue pleasure Of Ia owner either in
:hs CURRENCY in which !ntofcss is paid on
oths. bonds sf tue Confederate States, or else
in cotton certificates, which p.vdee the gov
ernmsnt to pay The same III cotton Of Lie
quality 0: New Orleans middiings. The sAid
cotton to be paid st tie rate Of eight penc. ser-
ling per pound AGd u 10 delivered at any limo
within six mcnths afte. tie ratification. Of
treaty Of peses between tho Confeder.ts
States spd the United States, at any or all Of
the ports cf New Orleans, Mobile, Savannah,
Charleston or Wilmington, as the Secretary
of the Treasury m.y direct: Provided, how
ever, That the bonds hereby authorized, shall
not exceed one hundred millions Of dollars. |
And ahsll 10 sppIed only to the absorption OF
treasury notes as prescribed ia this act.