Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1863-12-15
TREASURY DEPARTMENT, C. S. A.,
ITO THE TREASUR Err, ASSISTANT
l. Treasurer and Depositarie of the Coz

ITO THE TREASUR Err, ASSISTANT
l. Treasurer and Deposltaries of the Coz
federate States:
The present is deemed fitting occasion to call the
attention of the public 40 measures which have been
provided by Congress tor reducing the amount Of
Treasury Notes in circulation
/. The first and most important IF these measures
is the offer the public of ESQ CO., 900 of six per
20 year bonds. with interest payable annually cot
ton or coin. The cotton is to De delivered at G
seaport at the valuation of six pence sterling,
1215 cents per pound for New Orleans middnng. At
the present price of cotton at the ports this inter
est is equal to about 20 per cent. per annum and
ought to raise the value of the Bonds beyond any that
are on the mafket After several advertisements for
BIDS the price of the Bonds has been adjusted so
per cent premium and they offered to the
public at that rate. By paying in 800 in Treasury
Notes at any Depository of the Treasury the holder
may obtain Bond for ,00e pay able in coin in 20
years, upon which the interest to be paid annually
either in coin With 500 pounds of cotton of the
quality of New Orleans mddlirg. The advantages of
such invest nent obvious. Neither principal
interest subject to deprec;atio from redun
dant rency. The principal Is the for
tunes of the Confederate States the interest paid
during tie WILL at present Rates OF cotton pay %
per per annum and after the realize per
cent. in Coin or in commodity of eq lal value.
2 The seco ad measure adopted by Congress, the
furnishing OF treasury notes issued the 5th OF
April 1903, IN six per cent. bonds, any time with
Ia twelve menthS after the date OF issue.
The holder may obtain for these at the Trea-
sary six per cent bonds, payable in 81 years but
annually
3. The third measure is presented by the offer of
five per all Ger i6cates upon the deposit the
Treasury or any Depository within months Of any
of the notes issued the 9th APRIL 1863 These
certificates convertible for six months into Trea
sury notes OF lie date of those deposited and if
reconverted within that time, tley entitled be
funded pr 81 year bonds, redeematle after
five years. with interest payable semi-annually.
4. After II on.hs from the date OF issue, all Treas
ury notes issue since 5th April, 1868, end also all
Treasury notes bearing date between that date and the
lst OF December, 1862 frndable in four per cent
bonds, which are convertible, at the pleasure of the
the holder any time to Treasury notes OF similar
character with those paid In by him.
These various methods suit the convenience of diff
ferent portions of the community and should all be
urged uoon their attention. But would more par
tcularly requeAt you to every means in pow
for inducing general corporation in the first. If
the holders of tile Confederate Currency will now, by
united effort lend their aid, 250. 100000 at
be removed from circulation. Sach result will be
doubybenehcal to every purchaser. He will first OBJ
tain for the Treasury notes bond payable coin,
with the Interest secured in medium, which cannot
be depreciateG and he will next improve the value of
the Treasury remaining in his possession.
trust that II you will at once take proper meas
ures to present and urge these Jews upon public
tention there will be prompt ard effective response
The authority heretofore given to you to sell these
bonds at so per cent premium is extended until
further orders As all the bonds bear date lst June
you will add the accrued interest the purchase
ey, and accept payment in any interest bearing
Treasury notes one-half at least which shall be OF
date subseq lent to 9Th April. 1865.
respectfully,
Your obedient servant,
G.. G. MEMMINGER,
Oct. 81 Secretary of Treasury.