Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1863-11-17

R1cHAoxD, Sept =, 1863
|YTO THE TREASURER, ASSISTANT
J. Treasurer aud DepositaIies of the Con-
fedefass States
attention of the public 10 measures which have been
provided by Cong ress tor reducing the amount o
Treasury Notes il circulation
/. The first n most important Of these measures
is the offer to the ubc of $50 000 OF six per Cent
20 year bonds. with interest payable annually in cot
ton or coin The cotton is to delivered at one c1
seap0rts, at tie valuation of six pence sterling, OF
l29 cents per poaad for New Orleans mldding "a
the present price cotton al 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 the ma KIT. After several advertisements fo1
bids the price he Bonds has been adjusted at oO
per cent. premium; and they Iow offered to the
public at that rate By paying in l5OOin Trea sury
Notes at any Depositary of the Treasury, the boder
may obtain bond for $1,000 payable in coin IN ~
years upon whica the interest Is to be paid annually
either in coin OF With 500 pounds OF Gotten OF the
quality of New dreams middling. The advantages %
such an investment are obvious. Neither principal
dant rency he principal is as secure as the for
tunes of the Con derate States and the interest paid
duflng the H. at present rates OF cotton, pay 20
per cent. per IN, aad sft the war realize six per
cent in coin or ii. q commodity OF e4 iai value.
2. The second measure adopted by Congress- the
furnishing of Treasury notes issued since the 5th OF
April 1861 in SIX per cent. bonds, at any time with
In twelve mcnths after the date OF ISSUE
sury six per bonds, payable In 81 years. but
deemable after five years, the interest payable semi
annually.
5. The third measure is presented by the offer Of
five per cent Call Ger icates upon the deposit the
Treasury or any Depositary within SIX months OF any
of the notes issued the 5th April, 1863 These
certificates convertible for six months into Trea
sury notes of th date of those deposited and if not
rcconverted within that time, they are eattled to be
funded in per cent 80 year bonds redeematle after
five years with interest payable sem-annually.
4. After II months from the daeo issue, all Treas
ury notes issued since 5th April 1863, as9 also all
Treasury notes bearing date between that date and the
1st of December 1884, ale tnndable in four pc,
bonds which convertible at tie pleasure Of the
holder into four per cent Call Certificates, emitting
the holder, at time to Treasury notes OF similar
cha cter with those paid III oy lim
These various methods suit the convenience OF diff
fsrent portions OF the community and should all be
urged upon their attention. But would more par
ticulary request you to every means IN your pow.
ertor inducing general co-operation In the hrst II
the holders of the Confederate Currency will now, by
united effort lend their aid 250 100000 can at once
be removed from circulation. Such result Will De
ioubly beneficial to every purcnasr ne Will nrSt ob-
tain for the Treasury notes bond payable IN com,
with the interest secured In nleium, Wnich cannts
be depreciated and he viii att improve the value OF
the Treasury notes remaining IN his possession.
trust that it you will at once take proper mes s.
to present and urge these views upon pubic at
tenon. there will be prompt AID effective response.
The authority heretofore given to you 60 sell these
bonds at so per cent premium Is now extended nntA
further orders. As all the bonds bear date lst June,
you viii add the accrued interest to the purchase mon
ey and accept payment IN any non interest," Dearlpg
Treasury notes onehaf at least OF which shall be OF
date subseq lent to 5th April, 1865.
Respectfully,
Your obeaent servant,
c. G. MEMMINGER,
Oct 27 Secretary of Treasury.