Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1863-02-19

Proposed by he COamities on Finance 10 he Bdl
(Seaats No H. to Propids for tie Further
Issue Of Treasury Notes, aad for otbsr purposes

Proposed bg TIE COlsmitics on FinaRcs 10 he BH
(Seagfs No IL, to ProUids for tie Farther
EssRe Of Treasury Notes, end for otbsr pHypOses.
Strike out I'll after the snaesng clause, and insert:
Sccten That al treasury notes not bearing Interest
issued previous 70 ne ATs day Of December 1902 hali
5e iuadabe IN eight per cent bonds or stock until The
tge tssscond day ol April 1868 shat from that date
nn the first day of July, 1853 they shall be tHndsbe
day Of July, they sha longer be fundahie at the
ressurs oY ne A1id4r or receivable in payment Of
pubiic dpes but shall De rayabs six EOnths after the
fa An trsse,-ry .-ofas not hears f7fer.st i-sreI
eer s pass za % this act. shall be fundabls
per cent bonds stock untf be LIST day Of July uext
ana f ths said lrt day 81 Jaly, shall be fundabie
cent per aunnua, u1d payable ia years
from the date thereof and an such notes fIndad
snail be rscevs5ai IN paynent Of s Vuele 6ues except
De export duty on cotton snd sl2l be payao-e SIX
months after iha ratification treaty Of peace be-
tween he Coufederats government and The United
Sates an treasury notes bsarng interest si hs rate
Of 80 per Gems. per snuum aad an eall certificates
bearing .g1t per cent inter shaA with tie uei
Int es be fandab,e before the first day Of JAY
1865 into bonds Of the Coufsderats States bearing inter
est at th5 rate OF eight per cent per aud paya
Gls -------- years stter their date, provided
that the sccrued interest aforesaid may the opon Of
tAs holder, be paid instead Of being funded. All cal
certificates Of every desert ption, and 80 notes bearing
standing ON e Isl day OF July, 1909 saaL sfter ths
day be deemed 70 be bonds bearing annual interest
o1 sis Per cent aud payable az the end ot --
years ffou BE ID lirsi day ai July, 1868.
See . In lieu Of the mower heretofore given by law
90 hs & rotary Of Che Treasury 10 issue treasury notes
J belrng interest. be shall Be authorized to issue
monthly. ca amolnt Of sich notes not exceeding Afty
MILLIONS Of dollars which shall be receivable IN payment
If public dues except the expcrt duty cotton pay
sbs within six month after the ratncaton Of trea
Of peace tveen the Confederate safes snd the United
States su Gudabie at tha pleasure Of The hoder, in
bonds % tha Confederate States payable years af-
Ter date and be -rag rates Of interest foowgs If
/ f1nded within six monias from the hrst day Of the
month of their ssGs the bonds shall bear per cent
fsrs osg arn,,. III f1nief affei. that period they
ID frr afs1 narfff fH-
taregt per sunHan These notes shah iesr uron the
face hamonih and year OF thsir isua ana net funded
sal be paid a shs time specified On ne taee without
Sec s. After the passage Of this act, the authority
heretofore given TO issue ssll eeftncstes shs cease,
ont he notes fuHdahs into SIX Per seni, 9onls nay e
eonvere the pleasure 5f he holder, into eau esrh-
cafes bearing interest," the rate Of six per cent Per
.lunuIa fa The date Of rhsir issue Ihst every sucn
cc-dfesle hail bear upon It's face the monthly dats Of
the Oldest Of tha notes which it represents and be con-
vertsls into ike any time within six months
fr,r tas FIRST Ssv OF the month cf lis monthlF date
/ aforsaid But every certificate not recourerted
with six months from tha rst day Of its monthly date
shall be deemed and taken to be bond payable At the
end Of --- years from the expiration cl said six
months. and searng interest at the rsse cf SIX ps-
cent per aunu TREASURY notes whicr, by the opera
ton of th.s act become ianda0ls into boads bearing
yearly interest Of four per cent may be converted si
pleasure Of fhe holder int0 cal certificates bearing
inter s. at ihs rae ot ions per cent snnum. from
their date Until reeonverted paid the said cer sses
being recoverable at any time bv the holder into notes
hndabse In fcur per cent bonds and navsbie end re
caieabA as heretofore prescribed. But the said cart
Gates may be redeemed by the government after six
m9uihs tr0m the ratification of 8 tr aty Of psace be-
fwesu tie Confederate states and ths United States
Sec T. Ths Secretary Of the Treasury shall use any
dsposzbe means in the treasury which can ne applsl
30 that purpose wlthou injury the Dobhc service q
th7 purehsae Of treasury notes bearing no pa sleas
Issued after tie passage 81 this ael cnIa tA5 "-9
amount Of treasury circulation shall not exceed
one hundred and seven 81 five Eiiians of dollars
J.. See s. Tfa t4sssrrv notes hec6by allowed 20 be ssu
ed sssi he Of any discrimination Of not less than ta
collars, which Is nov aainosi-sa p .le
.a fr5 III
igen shan cease al ths xpirauon of the hrst session o.
fnrfes al er the rat ieaiion o. treaty Ct peace O