Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1863-01-31


commitse5 on rnanc9
The Congress Of The Confederate States do
enact that saa treasury notes net bearing inter
est and bearing interest," issued previous to The
lst day Of December, 1862 if not funded be.
fore the Iss Day Of July, 1868 shall not be after
ward fUndablo 90 the pleasure Of the holder. All
call certificates which arc reconyer6ble into
treasury notes fuDda5lo ia bonds bearing eight
per cent. interest shall 20 longer be rec0nTsTti-
bio into such notes after the 22d day Of April,
1868, but shall afiev0a1d be convertible into
notes fnndsble into bonds bearing ssTea per
cent. Interest untl tho Ist day Of July 1868,
but after thst day, if not previously reeonTerted
and funded, they shall be deemed to be bonds
bearing six per Cent in.eres. and payable st the
ond Of ----- gBaTs
Sec 2 Be Il further enacted That in lien Of
all other powers to issue treasury notes bearing
no interest which have been heretofore granite j
to ihe Secretary Of The Treasury, h8 shall be
authorized 10 issue monthly su am0unk not ex-
ceeding fify millions Of dollars Of such notes,
payable six months after the ratification Of peace
between tbs Coafe 5erase States and tbe United
States. Each note shall specify the month of
its issue, and declare that Is shall be fundG0le in
bonds bearing SIX per cont. interest, and payable
at the end Of six years, for the period of twelve
months from the FIRST day Of the month of its is
ment Of public dues, except the export duty on
cotton, for the Ike period. But after the lapse
of the said twelve months, the said note shall
no longer bs fuudable OF Fecaivabls IN payment
Of public dues, but i shall be paid al the
time specified en- its face without interest. Any
holder Of notes issH under the authority Of
this act shall be allowed 10 fund them in a call
certificate bearing six per cent interest, and to
be reeoavertlble At his pleasure In the manner
hereinafter provided. The ssid certificate shall
specify The date Of the notes funded, and shall
be reconvs5tible within the period during which
those notes were fundable. But after that period
it shall no longer be responsible, but deemed 10
be a bond bearing six psr cent. interest per an
nam, and payable at the end of -- years.
Ibe Secretary ef She Treasury shall use any
disposabl5 meaus ia the Treasury which can be
applied to that purpose without injury to
The pabiie service 90 the purchase Of the
Treasury notes bearing no interest and
issued since the first of January, 1868
uatil the whale amount of such issues shsll
not exceeded one hundred and fifty millions.
The treasury notes hereby allowed TO be issued
shall be Of auy denomination Of not less thaa
five dollars, which is now authorized by law,
as the Secretary of the Treasury may direct
The authority hereby given shall CEASE at the
expiration of the session Of Congress which
shall follow the conclusion of q treaty Of peace,
or ct the end OF two years, should the war con
tinue so long. Provided, however that the Sec
retaTy Of the Treasury, in addition to tie su-
thoTity hereby given to issue treasury notes,
shall be allowed to issue Sc many not bearing
interest as may be necessary to meet all the
reQuisitions outstanding on the 3ist day Of
Janu-ary, 1861 bat the notes thus issued she'll
only be laadable after The 3lst day of December
next ana after that date shall not be receivable
IN Payment Of public dues, but shall be redeemed
according to tbs teadeT thereof
see 3. That in addition 20 the authQg,sz here
labelore given 70 tho Secretary Of sry
to issue treasury notes. he shall to
issue notes of the denomination q lar
and fly cents to such an amount 80 addi-
ton 90 the notes Of the denomination of one dol
lar heretofore issued, shsl not exceed the sum Of
6ftsan millions Of dollars. "a
Sec. 4. That the Secretary Of the Treasury be
authorized to sell bonds bearing six per cent in
tsrest per aunum, and payable at the end Of 30
yesrs, at par 0T treasury notes issued on the lst
of Jsnuny, 1868 to such Of the Confs1erata
States as may desire 70 purchase the same. or he
may sail such bonds when guaranteed by the
States of ths CoRfedefecy for treasury notes as
Aforesaid provided, however, that the whole
amount Of such bonds shall not exceed three
hundred and 6fty millions Of dollars; and pro
Vi led further, t6at the treasury notes thus pur-
chased shall not bo re-issued if the effect OF such
reissues would ba to increase the whole amount
OF treasury notes b9aIiDg no interest, Which are
in circulation to sum greater than one hundred
and fifty millions of dollars. The Secretary Of
the Treasury IS also hereby authogizad, if he
shall deem st fit to do so, 20 exchange the pro
eeads Of any sales of raw pr0ducs certificates
that he may make, for treasury notes issued
since the lst Of January, 1858, at their market
value.
Mr. Yaneey, from the committees on naval
sA'siTs, reported back the bill to regulate the
action Of the Secretary ef the Navy upon the
decisions Of naval general courts-mart5al with
IN Amendments, with the recommendation that it
pass.
Mr.. WigfAll, Of Texas, introduced bill 20
coBscdpt marines and ordinary ssaman, to serve
IN he navy of the Confederate States.
The ohjoct Of the bill is TO retain in the navy,
marines and ssamon now enlisted.
Mr.. Sparrow, Of Louisiana, introduced the
following, which was referred to the committee
on finance;
RcsgLosd, That the eonmittee on finance BE-
instructed to inquire into the ezpedieney of pro-
viding by law to pay the coupons Of interest on
all bonds, except those issued for the fifteen
million loan in cotton delivered at the ports Of
Charleston. Savsnnah Mobile, OF at New Or
leans, within ninety days AFTER the ratification Of
q treaty Of peace with the United Ssetes upon
the basis Of twelve cents per pound for New o.
leans middng and allowing interest on sand
coupons from she time they axe payable at the
rate Of six per cent. per annun, when said coU-
pons are presented in sums Of Eve hundred dol
lars as once.
Mr. Phelan, Of Mississippi, introduced 8 bill
providing f0g the printing of al acts and resolu-
tons passed By both houses Of Congress, and
also Journal Of both houses, setting forth how
the printing shall DO contracted for and in what
style it shall be executed. Referred to the com-
mittos on printing
Houss.-The resolution for inquiry into the
authority Of the Secretary Of War under the
exemption act, by which he has decided thst
when substitutes become liable to military ser.
vice, the exemption Of their principals shah ex-
pire, was referred 70 the committee on the
judiciary.
On motion Of Mr. Holt, Of Georgia, the COM
mit.eo on rules wss instructed TO inquire into
the expedisncy of so changing the rules of the
house as to limit debate On bills and resolution rs
unless the same ars before the house for fnal
action. Agreed to.
Mr. Garnell, of Georgia, introduced bill to
be entitled an act to declare what persons shall
be exempt from military ssTvTce, and to repesl
oil acls, and parts Of sets, heretofore passed
Referred to the committee on military affairs.
Mr. Strickland introduced a bill to be ent itlet
an act TO provide ioT tho visitation aud genera
inprovementsof hospitals. Re erred TO the com
mites on the medical department..
Mr ClsrE, Of Georgia, offered a resolution in
slrucling the committee on hospitals to inquir
and report By what authority sick end wouade,
officers and soldiers are refused flwloughs
| Agreed TO.
Mr. Heed, Of Kentucky, introduced 2 bill Il
continue iE pay all discharged soldiers, By rea
son Of wounds and injuries received in service
Referred TO she committee On military affairs an
4 ordered 70 be printed.
Mr. Maebon, of Kentucky, introduced o b
authorizing the acceptance of troops from th
States OF Missouri and Kentucky for q term g
service not less than three years. Raferred t
the committee on military affairs.
Nr Chiltou introduced a bin to refund 70 II
State Of Alabama the amounl oyerpsid by sal
Stata on account of the war tax. Referred
the coninaittee on ways and msaas.
Mr. Lyons offered resolution which Wa
agreed t8, requesting the President % infor
the house wlether Richard Thomast ctheTwit