Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1863-11-03
TREASURY DEPARTMENT, C. s. A,
Slant 1919
ITO THE TREASURER, ASSIS FAINT
l. Treasurer and Dep0sitaries of the Con-
fed ta fate

lTO THE TREASURER, ASSISTANT
l. Treasurer and DepOsitaries of the Con-
federate States:
The present is deemed fitting occasion to call the
attention of the public measures which have been
provided by Congress Tor reducing the am cunt of
Treasury Notes in circulation.
l. The first and most important Of these measures
the offer to the public OF 25O, OF six per cent
20 year bonds. with interest payable annually cot
ton coin. The cotton is to delivered at one CT
seapOrs, at the valuation OF six pence sterling,
121& cents per pound for New Orleans middng. At
the present price of cotton at 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
are on The market After several advertisements for
bids, the price of the Bonds has been adjusted at so
per cent. premium and they are offered to the
pubic at that rate By paying in l50O in Tres ury
Notes at any Depository of the Treasury, the holder
may obtain Bond for $l,OOe payable in coin in 20
years upon which the interest be paid annually,
either in coin with 500 pounds of ecttcu of the
quality of New Orleans mlddling The advantages of
such Investment oby Neither principal
nor int subject to depreciation from redun-
dsnt currency, TIE priac. is secure sle for
times of the Uonfedexte tases, aud the inteTes paid
during the will, present rates oil cotton, pay 20
per per annuul snd after tue per
cert. in coin or ia a commodity of eq Ial value
2. The second measure adopted by Congress, the
furnishing of Treasury notes ISSUED SINCE the 5th of
April 1st9 IN six per cent bonds, at any time with
In ta elge Lucnths after the date Of issue.
The holder may obtain fer these notes at the Urea
sury six per cent bonds, payable In 81 years. but
deemable after FIVE years, the interest able semi
annually.
8. The third measure is presented by the offer of
five per cent Call Ger ihcates upon the deposit the
Treasury or any Depository within six months of any
of the notes issued the 9TH April, 1863. These
certificates convertible for s. months into Trea-
sury notes of the date OF those deposited aud if NOT
re-convertsd within that time they entitled to be
funacd in p5r 80 year bonds, redeema5ie alter
five years with interest payable sem-annualy.
A. After II months from the date OF issue, all Treas
ury notes issued since 9th April 1861 end also ali
treasury notes bearing date between that date and the
lst of December 1852 are fundabe il four per cent.
bonds which convertible at the pleasure OF the
holder. into four per cent Call Certlhcates, emitting
the holder at any Treasury notes oil similar
character with those paid In by him.
These various methods suit the convenience of diff
ferent portiops of the community and should all be
urged upon their attention. But L would more par
ticularly request you every in your pow
err for Inducing general cooperation in the first If
the holders the Confederate Currency will now by
united effort, lend Their aid, ESQ 100000 once
be removed from circulation. Such result will be
oybenefcial to every purchaser. He will first OBJ
tain for the Treasury notes bond payable in coin,
with the interest secured in medium, which cannot
be deprecaed and he will next improve the value of
the Treasury notes remaining in his possession.
trust that, ii you will at once take proper meas
ures to present and urge these views upon public at
tention, there will be prompt and effective response
The authority heretofore given to you TO sell these
bonds so per cent. premium Is now extended until
further orders As all the bonds bear date lst june
YOU will add the accrued interest to the purchase mon
ey and accept payment in any non interest bearing
Treasury notes. half at least o. which shall be Of
date subseq lent to 5th April, 1858.
Respectfully,
Your obedent servant,
g. q. MEMMINGER
Oct q Secretary of Treasury.