Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1863-12-22
.. OOOA EN-
Adi't and Insp'r Gen
TREASURY DEPARTMENT, C. S. A.,
RICHMOND, Sept. =, 1853.
ITO THE TREASURER, ASSISTANT
Il Treasu' or and DepOsitaTies OF the Con-
fede rate States:

ITO THE TREASURER, ASSISTANT
Il Treasu' or and DepositaEies Of the Con-
fede rate States:
The present IS deemed fitting occasion to call the
attention OF the public 10 measures Hhich have peen
provided by Congress for reducing the amount OF
Treasury Notes in circulation.
/. The first and most important Of these measures
is the offer to the public of $50 00G OF SIX per cent
20 year bonds with interest payable annually IN cot
ton coin. TIE cotton is to be delivered at one ct
seaports the valuation OF six pence sterIng or
l211 cents per pound for New Orleans mddiing. At
the present price of cotton al the ports this inter-
est is equal to about 20 per cent. per annum; and
ought raise the value of the Bonds beyond any that
the market. After several advertisements fer
bids the price Of the Bonds has been adjusted at 90
per cent. premium; and they are now offered to the
public at that ate. By pay5ngin l,500 IN Treasury
Notes at any Depositary of the Treasury, the holder
may obtain Bona for $1,000 payable in coin in 20
years, upon which the interest TO be paid annually
either in coin or With 500 pounds OF Gotten OF the
quality of New Orleans middling. The advantages OF
such an Investment are obvious Neither principal
nor interest ubect to deprec alton from redun-
dant currency. The principal Is secure as the for
tunes of the &c Moderate States and the interest paid
during the WILL at present rates of cotton pay 20
per cent. per num- and after the war realize SIX per
cent. in coin or in a commodity OF eq lal value
2. The second measure adopted by Congress, the
furnishing of Treasury notes issued SINCE the 5th OF
April, 1885, in six per cent bonds at any time with
ia twelve months after the date of ISSUE
The holder ay obtain for these notes at the Trea-
sury six per cent bonds payable in 81 years but
deemabe after i've yea s. the interest payable semi
B. The third measure is presented by the offer of
five per cont GILL Certificates upon the deposit the
Treasury any Depository within SIX months OF any
of the notes Issued since the 9Th April, 1863 These
certificates are convertible FIR SIX months into Urea
sury notes of tie date of tEese deposited and if not
reconyerted within that tim they entitled to be
funded in per cent 80 year bonds redeematle alter
five years. with interest payable seml-annuaily.
f. After months from the date issue, all Treas
ury notes issued since 5th April, 1863, md also all
Treasury notes bearing date between that date and the
LIST of December, 1862, are tlndabe 10 per cent
bonds, which convertible, at the pleasure of the
holder into four per cent Call Certificates emitting
the holder any time to Treasury notes OF similar
character with those paid in by him.
These various methods suit the convenience of diff
f-rent portions of the community and should all be
urged uoon their attention. But would more par
tcuIarly request you to every means in your pow
er for inducing general &C operation In the first II
the holders of the Confederate Currency will by
united effort lend aeir aid, $50 100000 can at once
be removed from c;rcaiatICr. Such result will be
doublybenefcial to every purchaser He ill first OBJ
tain for the Treasury notes bond pay able IN cen
with the interest secured il me dunn which cannot
be depreciaed and he wall next improve the value OF
the Treasury notes rema.E'rg in his possession.
trust that, if you will 1T once take proper meas
ures to present and urge these Jews upon puolic at
tention there will be ompt and effective response
The authority heretofore given to you to sell these
bonds at so per cent. prem Is now extended until
further orders As all thu bonds bear date 1st june
YOU Will add tie act ned sersst 20 the purchase mon
Treasury not4s |; Q e-laf o: which shall be Of
date subseq lentto 5tnt ii, 1868.
fo.r obedient servant
u. g. MEMMINGER,
Oct. 81 Secretary of Treasury.