Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1863-01-29

have also directed br Spence 70 endeayor to nego-
Tate for the application Of two and half millions Of
eop (Which Ihaye here9 for the purchase Of nppes
/ and munitions OF war tor y I hope that this
eetn VIII be accepted bY British houses in paym 40 at
ne rate OF sterling in Engand les freight snd inEur-
ance ~ seems 70 me that, ppon s transfer 70 British
owners they could obtain trsugporat on tor m on fher
vessels OF war from any Confederate port inasnueh
y would De bona de English property and any event
the holder Of the transfer would lave ce tain seeu-
difference has been made bv our Congress in some
Of Its appropriations for the navy Those fer bu ding
vessels payable in bonds Il follows therefore tha
discrimination must be made in the application Of faes
take notice.
Under the act Of Congress authorizing me 70 accept
produce in exchange for bonds (0f which I erclose
copy nave procured considerable amount which is
stored on plautations or in warehouses 1 send Won
copy Of one Of she certificates aken for the co ton
These certificates it opposed offer sale Eu
rope. They would give the purchaser IN absolute
sight to the particular lot OF cotton with the privilege
OF shipping the same and may be preferred by some
In conclusion allow me to request your cooperation
IN these various plans and any suggest your expert
enee and observation may deemP,oper
Respectfully, your obedient servant
Q. g. MEa9iINGER, Secretary Of Treasury.
An Act to authorize the Exchange Of Bonds for articles
IN kind and the shipment sale, or hypotheeaHon Of
Section L The Congress of he Confederae States of
AH71ea do eG0, That the Secretary Of the Treasury
De- aud ne hereby authorized to exchange the bonds
or stocks Of the Confederate States for anv articles m
KIND which may be required for ths use Of the govern
ns-'N dtttAce 70 Dc Nalueu according to
regulations as the said Secretary shall make.
sec. < IL shall De the duty Of the eommgsarv and
quar- ermaster generals 10 direct their various Off er to
AT ne psee OF purchase al such articles pur
chased applicable to their several departnepts
ana 70 apply the same in the same manner as if pur
chased directly by themselves; and the officer to Thom
each Is delivered shall be charged with the value as de-
eared oy the purchase aud shall be bound 10 account
Tor the same
Sec s. The said secretary is also authorized to ae
cep Tor the use Of the government IN exehage for the
sao bonds OF stock cotton, tobacco a=d otter agrcn
tura products in kind which have been subserbed TO
the produce loan, or which may be subscribed in kind
az sue rates as may be adjusted between the parties
ana me agents Of the government Provided that in no
event sna ne receive for cotton tobacco greater
value tnan thirty i've millions Of dollars; and the said
secretary further authorized deposit the same
such places as he shall deem proper and TO procure a
Vsntages thereon by hypoheeatcn to shio the same
abroad or 70 sell the home or abroad as be
may deem besti and to assist these operations the
sai1 secretary may issue produce certificates, which
sha enuiie the party 10 whom issued his iudOrsee
to eceve the produce therein to ship the
He to any neutral port in conformity With the laws Of
the Confederate States.
See 4 The Secretary Of the Treasury may from troe
to time, appoint and dismiss such agents as he nav
deem requisite to carry in effect the provisions of this
act Their compensation shall be brokerage upon the
business completed by th at such rates as the Seere
tary OF the Treasury shall adjust by ger ersi regulation
Sec D The Secretary of the Treasury may from 1
Time to time Issue regu atoms for carrying out all the
details involved in the provisions Of this act which
shall be obligatory upon all parties concerned therein
Approved, April q, 1862