Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1863-06-17
Important Circular from the Treasurer.

lmpOftdht Cafculaf from the treasurer
We invite the attention of the Shers and citizen.
the State generally to the following Circular from Mr.
Treasurer WORTH which he has sent by mail to the sheri
and Tax Colledors, and permitted to publish. Mr.
Worhs explanations of the condition of Confederate
are explicit and thorough and contain in brief the
which rendered Indispensable that the Legislature should
TRsAsuRsR's OFFICE
Raleigh, n. c. June Is, 1863. (
To the Se'ifs and 7ar Collectors of North Carol
Under the act of the Confederate Congress of the Esd
notes. these unda5s notes are divided into three classes
l. Those dated prior to December LIST, 1862.
q Those dated between LIST December. 1862, and 9Th
5. Those dated on and after 9th April, 1883.
The hrst class Is ndsbe per CENT bonds until the
LIST not nb ALL
until August next after which they arefundabe in
4 per cents:
day of the month printed in red ink the face of them
in cent bonds; after which they are fundable in
The faith of the Confederate is pledged for
the ultimate payment of oil Of these issues and all Of
are receivable in payment Of taxes and other dues Jhe
Confederate government, at any time.
At the time this Of Congress passed. the yast amount
of this currency circulation had cheapened its value and
the further issues which unavoidable likely to
produce runaus depreciation.
The policy Of Congress remedy the present and pro.
spectve evil seems to have been to diminish the amount
of circulation. and the plans to effect this end
To induce the holders of the issues then out Ito w.t.
the first and second casses to fund them by the LIST of
August next by allowing till that date liberal rate of
interest.
q To have new issue out the third class by the first
day of August undabe at higher rate of interest than
the old ssxes which would deprecats the value of these
to them BY hope Of gam and the fear ss1e q
5. By the collection Of tax which it is supposed will
absorb one hundred and twenty-five millions
3D. To prevent future redundancy of the currency by
limiting the new issues to fifty millions per mpnh. asa
fhs Legislature Of Virginia, with view, as presume,
to cooperate in carrying out the views Of Congress- and
to protect der Treasury immediately passed prov
in payment of taxes due to that State and more receny
the Banks Of Richmond, no doubt with the Objects
have not to ry deposit the issues Of ts
of the other Southern States SO far as know still re-
ceve all the issues but whether they will continue to do
after the Isl OF August have been unable to
The second section of ordinance No. S. February session
OF our sompes to receive any Confederate
notes IN payment OF taxes and gives power forbid
ybu to receive any class o and it may turn out that
the effect Of the act of Congress may be to make one OF
the first Of August whereby the State and County Treas
uries may b supplied with unavailable money the Gov.
ernor with the advice Of Council has ordered an extra
session of the General Assembly convene on the sh
premises. -.
1t expected therefore, that you will abstainften so
Letting in the old issues until the action of the ie
islature shall be known - =.
In the mean time there should be no panic among the
people on THIS subject All have opportunity to ahd
ill the LIST Of August and topay the large tax 70 tie Con
fdeate gosernmentn these notes. and if the General As
semby should decide continue to receive the issues Of
the second class which will continue be nearly Is aood
as those Of the third class sitter the lat of August the
people will net be incohmoded materially in paying the
State and Cesnty taxes and it hoped that the ssnes Of
the fret class will be nearly all absorbed by funding and
in paying the Confederate tax.
This full explanation is made TO able you clearly to-
understand the subject and TO explain il to others.
Until yos receive further instructions, you are there.
y taxes the Treasury notes of this State tie notes Of an
the Banks Of this State gold and silver coin and Conede
rate Treasury n6es dated onah6 Of April
and the interest bearing Treasury notes of4he CeufdSa
1888 = - JONATHAN WORTH. :,
J. -: - :; Ra6Ies ZtsesuSr, :