The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1863-07-17
AN ACT
To Provide for the Funding and Pur'
ther Issue Of Treasury Notes.

Their Issue of Treasury Notes.
srcrIoS /. Tks Caagssss.ef ihs lasfedsrai'
Siaies Of Asssriea Do snae;, That all Treasury
notes not bearing interest issued previous 10 ths
first day Of December, eighteen hundred and six
IL two shall be iuniabie il eight per cent. bond.
OF stock, until the tweE.y scrund day Il April
eighteen hundred aud sixty tbrte; thai from thai
date until the FIRST day Of august. eishtssn hun-
dred and sixty-thTce they shall be funded IA
seven Der cent. bonds or stock and after the saii
fret day OF August they shall no longer be fund.
able at The pleasure Of the holder, but shall BE-
receivable in payment Of public dues, except tbs
export duty on cotton, and payable xix months
after the ratification O. treaty Of peace, ~ spe.
cited on their face. All Treasury notes DC, bear.
Ing interest, issu6d after the inst day Of De.
eolnber, eighteen hundred and sixy-tWo, and
within ten days amer the passage Of this act, shall
be- isndahle in seven ger cent. bonds or stock
until the FIRST day of August next and amer the
said first day Of August shall be iundable only In
bonds bearing interest at the rate Of four per cent
per annum. and payable at any time not exceed
ing thirty years from the date thereof; aud al
such notes not funded shall be receivable Ia pay
ment Of all public dues, except the export duty
on cotton, aud shall be payable six months after
the ratification OF treaty Of peace between Inc
Confederate government md the United Staies--
All call certificates bearing ci-htr.r cent inter-
est, shall, with The arfugl Interest, De unalhic
on or before the lrt dfv 81. July. 81 iLocr hnn-
bred and sixiy-ihree, into hn0ls G., tc Cnblcl.
crate States, bearing Dos usi 90 ut rato n eight
per cent. peg 3nuuuI atl faratieafHlF Unt uot
exceeding rhlHY yea-. gil.r heir alto: rar
lhai the atr-aal u.cts. a.oraa,d may, 90 the
option %. afo 'agr, he rsIi instead of being
funded. SD ctl Iiheatgs Of every description,
outstanding he iri day of july. eighteen hum
droi ami sixty tlrec .r.,. after ihst date. be
deawol Zoo Doc bonds bclrine .n aunml interest Of
six pur cent. and pay able at % date not exceeding
thirty year from tho said FIRST day Of July, eigh-
teen huEarcI and sxty-thrco.
Size. 2. In lieu Of the power heretofore given
by law TO the Secretary of the Treasury. to issue
Treasury notes, he shall be authorized to issue
monthly. an amount of saeh notes, bearing no
interest, not exceeding fifty millions Of dollars.
which shall be receivable in payment of al pub
lie dnes, except the export duty on cotton and
payable within two years after the ratification Of
treaty Of peace between the Confederate States
AID the United States, and fundabe at the pleas
ure Of the holder, during twelve months from the
first day of the month Of their issue in bends Of
the Confederate States, payable ct any time not
exceeding thirty years after date, and bearing
rates Of interest as follows; Ii funded within
twelve months from The irst day of the month Of
their issue. the bonds shall bear six per cent. in
terest per annum; II funded after that period they
shall be fuudable into bonds bearing four per cent
interest per annum. These notes shall bear upon
their face the month and year of their issuo ana
if not funded, shah he paid at the time specified
on their face without interest.
SEC. 3. After the passage Of ''is ar. Tie au-
thority heretofore given 20 i.aa erH certificates
shall cease but che noises aaaa1lc into s.N per
cent. honds moy he converted ~ The pleasure Je
the holder lp-o .ah cerlleeio. ucariiE interest
at the rH'e ni use pai Veu.. ptr anuum, rom The
date of thoif ISSUE That every soh certificate
shall bear un0n iif face the monthly date Of the
oldest OF The notes which 20 represents ana be
convertible into liko oas 40 amy time within six
months from the tia day of The month OF is
monthly date aforesaid. But every certificate not
reconvertcd within iAm,nihs from the first day
Of its monthly date shail be exchanged for Il
bond payable az any fine not exceeding Thirty
wears from the expiration Of the said six months,
and bearing interest at the rate of six per ccntum
per annum. Treasury notes, which by the opera
lion Of this act become iundable into bends bear
ing yearly interest of four per cent, may be
converted, at the pleasure Of the holder into call
certificates bearing ipterest at the rate Of four
per cent. per annum from their date until recon-
verted or paid; the SAID certificates being recon-
veriible at any time by the holder into notes
fundabe in four per cent bonds, and payable and
receivable as heretofore prescribed, but the said
certificates may be redeemed by the government
after six months from The ratification of treaty
OF peace be''7Fuu the Confederate States ana the
United States
SEC. 4. That all bonds or registered stock au-
thorlzed to be issued by this act, shall be payable
not less than thirty years after date; but shall be
redeemable Eve years after date, at the pleasure
of the government, and shall in other respects
conform to existing laws.
SEC. 8. The Secretary Of the Treasury shall
use any disposable means in the Treasury, which
can be applied to that purpose without injury to
the public interest, 60 the purchase Of Treasury
notes bearing no interest, and ssned after the
passage of This act. until the whole amount of
Treasury notes IN circulation shall not exceed one
hundred and seveuiy-hye millions Of collars
SEC. 6. The Treasury notes hereby allowed to
be issued, shall be of any denomination Of not
less than five dollars which is now authorized by
law, that the Secretary Of the Treasury my direct
The authority hereby given shall cease at the
expiration of the first session Of Congress, after
the ratification of treaty of peace or at the end
Of two years, should the war continue so long.
SEC. 7. In addition to the authority herembe-
fore given to the Secretary of the Treasury to is
sue Treasury notes, he shall DO allowed 20 issue
notes of the denomination of one dollar and Of
two dollars, and of fifty cents to such an amount,
as, in addition to tho notes of the denomination
of one dollar, heretofore issued, shall not exceed