The New York herald., 1863-07-21
The Financial Affairs OF the Rebels.
lFrom the Richmond Enquirer, June 28T
NEW BONDa FOR 4lk0 O6O ONO

~ NEW BONDS FOR $3.50 900 00O
ass session OF Congress an act was passed which
The sssssssT, e @ the Treasury shan the hereby
e bond. Sanares V dollars sss sach
T e. ss s:ss
g. sTpsnss ssesns ss.cn . Be-
Noble: Ssnesa Sorss anSss such
:isIass s ss!S s
~ ss y, e
as q A n @ pnsr ne
sale ApSrtSss sr ass; ss & e ;uod
Under this act we understand that tho Secretary is
about TO issue bonds in o. one thousand dollars
The vao Of COIN in e Sn nss
the option reserved tothe government aad Il Is clear
that the interest will be, paid In cotton. * 81
The annual interest OF sxty dollars will be very nearly
the value OF bale OF cotton OF five hundred pounds at
Cd sterling, or twelve cents and thus each coupon will
De the equivalent OF cotton of thscass cf New
At the present mark rates such cotton at the ports
s now worth at least three times the price set upon Il
the bonds, that the actual interest received by the
holder Of the bond would be eighteen per Id Confsde
rate currency The same relative advantage ataches
the principal which is payable twenty years bencs
That principal wiz be tnen paid 10 coin but the pur
chase 90 money s now paid IN Confederate notes, and
An Investment Of treasury notes in specie security
fts obvious, therefore, that these bonds possess an
value greatly exceeding any security yet offered
by the Confederate government
we understand that the Secretary Of the Treasury Is
about 70 open bids Immediately for five millions Of dol.
rs and we shall look for large Offers from capitalists
Tho public will derive double benefit from thu opera
tiourst, in reducing the volume OF treasury notes In
unvaryng stability; and those who desire to place funds
abroad here obtain security which, when sold there
win atord the advantage arising from the large existing
rates OF exchange. t~Aa
FINANCIAL AND ooMxsRcrAL.
The spirit Of trade seems to be growing less troubled
and uncertain, less violent In its operations and
conservative IN ts results. The ruling medium OF vaua
ton gold, has done It's wors4 and lies high dry
above the waves Of popular traffic 70 bc sought FOR only
their energetic wings between the hostile lines OF the
continent and shores and the seaports Of Europe
Confederate paper has advanced and is s advancing 70
IN encoufagMg EXTENT thanks 70 tho Lost influence o the
FAR removed Magnet and Al ticsss OF commerce, with
bat few exceptions, point inevitably downward.
for ei0h dollars and half. Silver bought at So so
premiums son at " premium stesaing keeps dong with
vance Southern bank notss have advanced and arc still
Suyss prsmio@ and 81 IL = ias ssins srsns% n
readily II sss and interest % 600 and int
Bonds or the loan have advanced SIo2 so
stock IN hs Richmond Importing and Exporting Company
ban gone up wonderfully within Vie past sw weeks The
par value & this stock per share $5eo It's demand value
10 now readily Accepeed st 50 900.
has . such Si
worthy Of noss that although specie and sterling havs
advanced within the past fhree months nearly
DO advance . anything beyond The current
prices commanded when gold was % much lower; and,
on the contrary thss many articles have dsprecnted in
vaue while the oty absorbed With integouoo
which stimulated the gold market to It's greatest excite
nent This appears 70 be othe anomalies Of the ago.
pends upon its mystery, CERTAINLY DO wish 70
know anything about h. k E&s n