Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1863-06-23
AN ACT TO PROVIDE FC I THs FUNDlNe AMP FURTHER
ISSUE TREASURY NOTES.

Third SESSlON-looS.
TNo.11J
AN ACT TO PROVIDE n I THs IUNDINs AND FURTHER
ISSUE or treasury NOTES
Section Tie Congress Of tie CstSsrsts ltss 4Rasr.sN
saQc an Treasury NOTES not bearing issued pre-
two shan be fandabe IN egh per eea bonds stock until the
veniyeccnd day OF April eighteen bundled and IiEtlee
sTd and sIxythrse Ssy shall be funded In per
bonds stock and AFTER the said ast day August they s3
no longer be fuadab at the pleasure OF the der b., sss be
in payment Of public dues except the expert duty
cotton and payable sx months amer ss tateato5 o. ',.ay
Of peace specei ON their face AnTreasuy soes sl
ing interest issued asr the first day Of DeceHSs IIets Sc-
sxyws, and wit IN days after The passage OF this
The st day August next and After the said Graz day Of Au
al fr per cent per annu aad payable any
ing thirty years Sm tbs date thereof; and all sueh notes so
port duty cotton, and Ih be payable ak nsns ana raG-
aeaon q frosty .. Psao' ss1" s c.rss, $50.
q bsfsre The fs day q july hundred 6Iy rse
rate Of eight per cent per annum, aud payable ~
PyoVIIsS mat the accrued interest Aforesaid TIsy,
At lie option Of Ae holder be paid nss2d Of bag esd
uy sheen bundled and Sxiy Gree shall ASr that dale
deemed bonds bsAFirg GnsHA interest 81 I par ssht
aTst day Of July tl,ht,en huHtred and Iixy-shrss
Sec In ss Of The poEr h:L:Oior. ,.a y iST 70 the Sc:
led 70 issue monthly a. I1s9nt 81 such note no In
,eies not exceeding gy doe. g. , ~, Ion AMI. -
cotton payable WHin Two years St he rsaGestsn 81
states and h0dahls Tie pleasure q The holder asag tSv
from The rst day O. the mon ef their te D 6dcI
The Confederate States payable a. time not Sxsselss 1
,h, 1919. opbs tom nm. nrAt dsy OF Ia, ms5t 81
htr Is ne the bonds shan bear ak per cent otSrs
n nd, ader hs period thy shall be unsbs co bends se
m four per cent inherent per Suuu These noNes shan sssr
uUop thslr face the rortb ard year ESe ssd II
funded shall be paid A. the time Epeca,d On Their sec Taou
Sec Amer the passage Of this act tas authority hereef1re
given issue call certificates shall csAe bat The nstes fundae
into six een' bonds may BE- converted At the pa.ps
holder acal cer'ecate7 airing NJ s- o. no rate Of ks
eerate shan bear upons face The msnhy Gaze Ss Oldest
Of the notes which represents and BE convertible nto NE notes
any within SIX months from the fs day Of the noEE OF
rs monthly date Aforesaid Ba e' ~ esflhcss aS
within six months from the hrst day OF rs monthly eate shi
he exchanged for bond paybs ct any time not exceeding siy
years eTp alton Of the SIX months End bearing in
sCs the rate Of six per cenum per Gnru Treasury nstS
bearing yearly interest four per cent may converted 50
tn pleasure Of the holder iro call cshcstes bearing Interest
converted Or paid sid certificates being esoHvSs 1t a
oy holder into uadsoe in u per cent bends
payable receivable heretofore prescribed bu tie sad
certificates may be redeemed by the Government after SIX months
nom the ratification OF treaty Of peace between the Moderate
Sec That all bends or res authorized b.lsa,S
by his act shan be payable ty years
date bu al be resemab Eve wears date the p.assre
OF lie Government and sel IN orresPe,s conform ts sx.
See o The Secretary Treasury shall any disposabe
IN the Treasury, which be applied tast purpose
without injury 70 the public interest," to ths purchase treasury
beArng Interest and Issued s.r G passage Of TINS
Unit The who Of treasury notes IN circulation shall
The treasury nots hereby allowed 70 be ssusS shah be
sI animation q less tuan i've doaTs WhiSh
The authority hereby given shan at the expiration Of the
o. Congress after the ratification Of The treaty Of
peace al the end VI Wo years, should tie contIus
sss In addition TO the authority hernbeir r. given to The
Secretary othc Ireassy 20 issue treasury nlte NJ shall Be al
lowed the denomination Of dogy tive
toa vi OF fifty cents, 70 such amount as IN addition 70
tiS o. denomination Of ore dollar hsieo!srs Issued,
s.s.e the 81 fifteen million Of dollars and said leo
sft % DIE SIX mnte' AMER re FaIlGaii0ncI TeaI Of
peac 'he Confederate states and United states and -
eyl py pent OF al I9b4c c1s e2cep lie export duty ca
cocr, 90 Sham not be fundsble.
Fec Tia, Secretary Of the Treasury be IuibSis.i 10
sell b1E 5erg SIX cent aunuu, and psysbs a here
nbsfore ed par Treasury issues suop the rv
ne Confederate States desire 70 Uurhis the ssss
may sell suh bonss when guaranteed 6y o. tho sass
The CoHsderac, upon such plan 30 determines yths
Secretary OF the Treasury, Ter TEary notes sus
he may deem advisable TO the highest bidder ssd rot
exceed two hundred Millions o. dolh: md prSsSeo 6
tier That the Treasury thus purchased tl be
lssue II As ruSt OF sUth sue hoOia DC 20 ease He
whole amount OF treasury notes. oedn no interest," "hoh are IN
circulation greater than hu1ird and seysS'yvs
uonl Of dollars And the Secretary C! hS Treasury Is aIo
authorized az as option amer ne hrst ~ JAY eeesn hundred
AID sixyhree TO sus and ES aIuot - shn par estimated
Treasury notes eoEpon bonds OF t. Confederate ss bnr
six per ceat interest auuum payable h.tube'ore
directed The said coupons 20 Be pd al Ne pSsufe Of ne
owner either q currency which interest ri otNsr
bends OF the Confederate states tlfs 20 COTTON csGts.
which pledge the government O. pay the i'm cotton of he
duality OF New OeEI mddhnss Tbs Iad eoos % be paid a.
the Of eight pence rnc @ pound 10 IS delivered II
time Wttn six months aer NE r4theiuon OF lety Of
peace b=tFeen me Confederate states and the yeS InS' a
a1y al % the poTs o. New Orleans, Mobile SaVan1Rh,
CHARLESTON or Wilmington, he Secretary Of tho Treasury
direct Provided however fhs hs honda lesiy Ant oz.d
shall bUcdsej millions Of dollars, shall be
Pile oay - the absorption Of essury notes prescribed In
this ac'.
ssog That shalbe the dsiy the Secretary Oh, reaIu.
Immediately alter the passage 81 this act, 20 make publication
o. copy thereof IN each STATS in at least two neers pob
the first day o: August eighteen hundred aai Sy,hrse.
APPs va March p. 1853 io2 -v+S