Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1863-12-29
CONFEDERATE STATES CONGRESS.
THIRD SESSION or FIRST CONGRESS-
SENATE.
MONDAY. Dc. % b. 1853.

MONDAY, De. zSh 1858.
Prayer by Rev. j. L. Burrows, of the Baptist Church.
Mr. CLAY, of All, presented the credentials Of Hon.
ROBERT JINIsoN, ia Sena'o- from Alibsua for the
uuexpired tsrm Of the late Hon. VIM. l. Yancey. Mr..
JIM on qualified and took bis seat in the Senate.
Dir CLAY presented resolutions adopted by the Legs
ature OF Alabama relative to taxation and Confederate
curreroy, etc which laid upsn the table and Or
dered to be printed 0ne of the resolutions expresses
dspproya OF the bankers scheme OF issuDg thou
sana millions Of coupon bonds, etc.
Mr. CLAY stated that when the resolutions were
printed he would their reference to the appropriate
committees.
Mr.. BAKER, Of Fla, introduce a bill to amend the
act toSprovide a mode Of auhentcating ella ms for
money against the Confederate States not otherwise pro-
vide for. Referred
CONFEDERATE TISAScRs.
Rr. SCENES, from the Committee Of Finance, re-
ported bill entitled:
A bill to be entitled "an &C: to provide for a new
issue of Treasury noes and for iuudng all such
now outstanding" viz:
Tie Congress Of the Confederate States DO enact
l. That Treasury note outstanding at the tine of
the passage Of this act shall be receivable In payment of
public dues or fandatls after the - day of -, in
the year 1854 est of the Mississippi river after the
- day Of - west Of the Mississippi river but until
the privilege of funding is taken away above pre-
scribed all Treasury notes outstanding aforesaid shall
be fundabe in bonds payable tEeny years efer their
annum, payable semi-annually bald six per cent
bonds to be xsb.e other property ProvSes, hoa-
eTer that all holders OF sa:d Treasury notes shall be
allowed until the funding privilege ceases al The times
and places above prescribed to fund the same 10 honda
OF the Confederate States payable twenty years after
their date and bearing interest at the OF four per
cent per aanum, payable semi-annualy, and III, said
four cent bonds shall be taxed by the Confed
crate Saes principal or Interest," and all holders Of
bonds or stock Of the C0niedarate States bearing in
teree at the rate OF six pr cent per annum or more
sbal be allowed to excha 20 the same at par for the
said four per cent bonds.
Tina, after the passage Of this Act the Secretary
of the Treasury shall proceed 10 issue Treasury notes
to the amour. Of two hundred aud fifty millions OF dol
srs which shall be payable two years alter the ratihca
ton Of treaty ofpeace tetHeen the Confederate States
and tie United States and ivabe in payment II all
public Dues e1cep. the export duty cotton and such
OF er dues may be declared payable in specie only,
and the said may be converted into call certificates
as heretofore the aid cert cats TO bear interest at
tie rate of three per cent per annum, and to be recon-
vertibe at the pleasure OF the holder And the faith
OF the Government is hereby pledged hst the issue OF
said Tt a'u y notes aud cali certfcates shall not
coed the amount OF two huudred and fifty millions Of
dollars during tie year 1854 or the sum 4 Two hun
dred millions Of dollars during the year 1865, any
We thereafter during the war; AID the Secretary OF
the Treasury s hereby directed to fly lions Of
said Treasury notes TO be nceed alter being collected
for iaxes by the sale of nds durr The year 1884,
but the Secretary Of the Treasury may, Ahis discretion
lie issue said Treasury noeS or replace the with nes
notes, so long as the whole sum outstanding shal
be decreased thereby beyond tn, limits herein pre-
scroed; Prosdd tina. I'D Treasury 70 es shall not te
fundable at the pleasure of the holder.
8 Toa all call certif aes outstanding at the time Of
the pas. of this shalt TO be recoverable
afier the - day Of -, in the year 1854, east OF the
Mas ssippi river aud alttr the - day Of, in the
year 1854, west Of the Mississippi river and all call GER
m Gates not reconver ed within the periods and AZ the
places above prescribed shall be deem and considered
four per cent bonds, payable wenty years after tie
the passage Of this act the interest semi
annually.
Tnat any holder Of Treaslry notes outstanding at
the passage OF this act p,sng said notes or the pur
plse OF ia ldng them 10 compInce tn the provisions
of this act shall be allowed to tale tenth Of the
amount so deposited in the new issue Of treau noes
herein before provided foe.
That if any bank Of deposit shall give its deposi-
the said four per cent bonds In exchange for their
deposits, and speci the the bonds BY some
disliectve ma token to be sgreed upon with the
Secretary of the Treasury then the raid deposor shall