Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1863-12-01
MISCELLANEOUS.
TREASURY DEPARTMENT., C. S.-A.,
RICHMOND, Sept. -, 1853.
HNO THE TREASURER, ASSISTANT
i Treasurer and Depositaries of the Con-
fndprate SfafnS: y E45sssss-- sssH

lTO THE TREASURER, ASSISTANT
j Treasurer and DepOsitaries of the Con
federatc States:
The present - deemed fittins occasion to call tn
attention Of the public 10 measures hch have beer
provided by Congress tor reducing the amount
Treasury Notes in circulation.
l. The first and most important of these measure
is the offer to the public of 900 OF SIX per cen
20 year bonds with interest payable annually IN COT
ton or coin The cotton is to delivered at one 6
our seaports the valuation of six pence sterling,
121s cents per pound for New Orleans middlng. A
the present price of cotton at the ports, this inter
est is eq aal to about 20 per cent. per ananm an(
ought to raise the value Of the Bonds beyond any tha
are on the market. After several advertisements fo
bids the price of the Bonds has been adjusted at 81
per cent pregaium and they are now offered to tht
public at that rate. BY payfng1n y ,5UU in Treasury
Notes at any Depository of the Treasury, the bolde
may obtain Bond for 1000 pay able in coin in "
years upon which the interest to be paid annually
either in coin with 800 pounds OF Gotten OF the
quality of New Oglesns middling The advantages Of
such an investment are Obvious. Neither principal
nor inter est subject to deprecia tn from redun-
dant The principal is as secure as the for,
tunes Of the Confederate States and the interest paid
per cent per anuun and sitter the war realize six per
cent. in coin or in a commodity OF eq ial yaina
2. The second measure adopted BY Congress, the
furnishing of Treasury notes issued SINCE the 5tn OF
April 1863 in six per cent bonds, at any time with
il twelve mcnthhs after the date OF ISSUE
The holder may obtain for these notes at the Trea-
sury six per cent bonds payable in 81 years but re-
deemable after We years, the interest payable semi
annually.
8. The third measure is presented by the offer OF
five per cent Gail Ger caes upon the deposit IN the
Treasury any Depositary within six months OF any
of the notes issued since the 9Th Apll 1863 Ihese
certificates ,nvertibe for six months into Trea-
sugy notes of tEe date of those deposited and if not
within that time, they are entitled to be
funded in per cent 80 year bonas redeemasle after
five years. with interest payable seml-annuaily.
4. After II months from the date OF Issue, all Treas
ury notes issued since 5th April, 1863, "nd also all
Treasury notes bearing date between that date and the
1s of December, 1862, undabie in four per cent
holder into fonr per cent Call Certificates emitting
the holder at any time to Treasury notes OF similar
character with those paid in by him.
These various methods suit the convenience OF diff
ferent portions 5t the community and should all be
urged upon thelI attention. But would more par
err for inducing general cooperation in the first. If
the holders OF ths Confederate Currency will now, by
united effort LEI nd their aid, 100000 can at once
be removed from circulation. Such a result will be
douby ybenefcai every purchaser. BE Will first OBJ
tain for the Treasury notes bond payable In coin,
with the inteFeet secured in medium, which cannot
be depreciated and he will next improve the value of
the Treasury notes remaining IN his possession
l trust that, il ou will at once take proper meas
ures to present and urge these views upon public at
tentiOn there wilsbe prompt and effective response
The authority aretotore given to you to sell these
bonds at so per nt premium is extended until
furtner orders rs all the bonds bear date 1st June,
you will add the to the purchase mon
ey, and accept pa ment in any interest bearing
Treasury notes. onehalt at least o. which shall be of
date subsequent 10 5th April, 1868.
Respectfully,
Your ebedent servant,
G. G.. MEMMINGER,
Oct. 27 Secretary of Treasury.