Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1863-06-30
4 ACT To lreeide ,rtae Fradiag and Fpr,ter Issa,

y ACT 20 p~0ridc fprthC FgadiRy and FVThtr Issue
SECTION The Congress- of The Confederate States of
America do enact That III" Treasury NOES not bearing in.
tcrcsti.Sur previous 10 III" ;ir. day 81 December rgh
hundred and y.rwn shall be undablr IN eight per
bonds stock until the twenty second dag OF April!
eighteen hdUrrG :.! s.Iitur"r; that irp! that date I'M.
III the first day -; Au-'-i. Eighteen hundred and sixty
three hey sh"l lee Iii'd l"r crn:. bonds or
stock, ant tie sa' m day "i Au,;rt they shall 10
longer hc Undh' =. ~" pleasure vi lie holder bu, shall
able i,iv.i, public Ics, EXCEPT the tx.
ratification .: treaty t.! "arc specified their face
All Treasury noes not bearing Interest i>,cd after the
first Day December cfl;rrr hundred lnd sixiv.,wo
AND within ten days are: III" passage vi this act shall be-
iun4b.r IN per bonds stock until the irs,
day at AwciI-; next and alter In" raid first day Angus,
shall kr iunlHuc only ~ bonds br:rin; interest the
rate 0! four per cent. per Hlnum, and payable anv
time not cHcrcu. iry wears from iii" date thereof and
s such !und",i >Ai! be- receivable in payment
of I'LL prbr ucE, except the export duty cotton and
sla he pnyHic SIX months after the ratification OF
p.;i' ,t the Confederate Government and the
iutrrr, sl with the accrued f. be iunGablc on
c:Or ; iir-I dIyOf july, eighteen hundred and sixty
three. into bonds oihe Confederate States bearing
the rate o! eight per cent per annuIn and payable
NJ any time not exceeding thirty rs their late:
Provided. Tina, the accrued Interest aforesaid may al
the option Of the holder. bc paid instead CT heiEs funded
All call er;iicrs Ut every description outstanding the
ir$t,!ay July, eighteen hundred aud sixty three shall
after that date, he deemed 10 be bombs bearing an annual
interest o; six per cent, ana payable date not ex.
crcGing thirty years from the said gt day of july cigh.
hundred and -i%ty-tlrcr.
Sec - III lieu OF the power heretofore given by law
the Secretary Of the Treasury 10 !-Sae Treasury notes
lie shall he authorized 10 is=S monthly amount OF
such notes, bearing II" Interest not exceeding nifty mil.
lloUs OF dollars winch sii! be- receivable in payment of
all public dues, except The export duty cotton. ana
PAYABLE witliG jUIrs after the ratification OF treaty
OF peace between tie COME irrar States and the United
States and undl Ia" pleasure of the holder during
twelve months from the i:,t day OF The month of their
issue in bonds If the Confederate States payable nj auy
time GE; thirty years Gut date and bearing
rates OF interest follows: ii :;lnlrd within Twelve
months from the first Gayof the month OF their ssnr the
bonds sl: bear Interest per gnnl.n; funded
that period. ;y sHI be fun;.bc bonds hearing
four per cent. irt"rc,t per aunun These notes shall
bear upon their the month and ear Of their issue
and ii not uGhr'l shall he pa:l ut tie time specified on
their face without Interest.
SIC .. After the passage of This act, the aut horny here.
tOlurr given ssur call certificates shall cease but the
notes iunblc Into six per cent; bond. may he converted
TIE pleasure pi The holder into cal. certificates hearing
interest at the rate "t five per per annn from the
date Of their i--ir That every Sc crricn. shall bear
upon is face c monthly date %: the oldest of the notes
which it represents and h" convertible into like notes ut
any time within .lN i:"nthS from the :irSt day Cf til.
month n its monthly date aforesaid; buirvcry certificate
not rccGnvcrtc within Xix III, hs from the lr., ,av n
lis monthly date shall b" cclm !l Tor bond PAYABLE M
any tine exceeding thirty years from the expiration Of
the -ai xm"u;hs. and ":rimG interest the rate f six
per crnium :.naun!. "rr-rry mo:rq, which bv the
operation "l this act b"comr Hndbi- into bonds bearing
ycary iui"rrs; ni tour rc NAY bc converted q, the
pleasure OF the E"ier, III cnI! certificates rrns int.
the q" !nn- per per their ate
until rtronvrric paid the said certificates being recon-
yrrhlr 4; Any time iy tine holder into notes undale in
four per cent bunI- and Ind us hereto
fore prescribed; hu: the said certificates may c r. deemed
bv'h Government after >S months the ratification Of
treaty OF pga". between IA" Confederate States and the
United Staics.
SIG That I'll bonds Of registered stock authorized
70 i, Issued by ;i!s act shall br payable less than
thirty years sitter date; hu iil be rcicenaI,lr five
years after date NJ TIE pleasure Of the Government AMI
shall in otter rrEgcct, conform :" existing law
SEC = The Sccrr.arv of tie Treasury shall use any
~. lie,
to Thar purpuS. wilton: injury . pnblc n;cr,s IT, 10
;tc purchase 81 Treasury m"r, nearing ncr,S.: and
issued after the pn.saSr at TIL. act. until the wlolc
amount Of Treasury r"i"s it circulation lll ok.
coed On" hundred AMI -'"'n;: live mil ''n> at dollars.
SEC. g. The Treasury notes hereby allowed 10 be +.
su,g ,Ea br ot any denomination ui NOT rsS than five
dollars, which j. authorized by law ii:. The S,crr
tarr az r Treasury .:y dir, ll, authority hereby
given shall NJ lir expiration IL The first session Of
Congress ait ie ratification al treaty OF peace or
ut the end UI iwO years, should the continue long
See = lii addition to The authority hcrrinjrIore given
the Secretary Of ii" Treasury! 10 suc Treasury notes
lac shall! d. allowed i>c OF the denoInin alton of
one dollar and OF dollars and of fifty cents 10 such
IN i'll addition 20 hcno'"S ct the denomination
OF dollar heretofore Issued shall exceed the sum
OF fifteen millions OF dollars and said shall Ice pay.
able six months after The ratification OF treaty of peace
between the Confederate States ard the United States
and receivable in payment m public dues except the
export dutY cotton. but shall not be funllbc.
Sec g That the Secretary OF the reasury be authorized
to sell bonds bci:rir ri: pei Interest per nnm and
payable hcreinbeiorc directed, par for Treasury
notes issued since the r-t day Of Drcrbcr eighteen
drrd and six ytwo 10 such OF the Confederate States ~
raay desire TO purchase the same; he may sell such
hon6s when guaranteed by any of The States of the Con
federucy upon Huc plan may be- determined by the
Secretary OF the Treasury, for II, notes. on such
lac may deem advisable, i highest bidder and
below par: Provided, however, that the whole
amount vi such bonds shall d two hundred mil
lions of dollars And provided f ;hc. that the Treasury
note. thus purchased shall b. rr.-ucd il the effect
OF such rci,suc world bc 10 inrrs- the whole amount
of Treasury notes hearing 40 iatci.i which arr. in c;rcu
lation greater tbaa EHlrcd and seventy.
sury is also authorized II his Opt ~, after the first of
July eighteen hundred aud -iyy.rc". issue and sc l.
less than par, estimated II Treasury notes
pom bonds OF the Conf drrir STATE bearing EiN per cent
interest per nnUIn. and pa5!s arrcinbcfcrc direct
ed. The sai,i coupons Ia De paid tie pleasure Of
tn. OVER either III The currency in which interest is
paid other bond, OF the Confederate States or else in
cotton certificates which p!cl;e i. government: 70 pay
the In cotton III the quality OF New Orleans Hlid
GngS. The said cotton 20 De- paid the rate of eight
pence sterling per pound, and 20 be delivered at any
time within six months after TIE ratification OF u treaty
peace between the Confederate States and the United
States all If the ports of New Orleans Mobile
Savannah Charleston Wilmington, the Secretary of
the Treasury ;nay direct Provided. however That the
bonds hereby authorized shall exceed one hundred
millions ci dollars, and hall be apprt oniv to the abb
sorption OF Treasury notes prescribed in this act;
Sec. o That il shall be the duty nc the Secretary OF
the Treasury immediately after she passage this nct 20
make publication of coHy thereof in rnch State In al
least newspapers IT, she'd in State. and to have
said publication cont, uDtiI the day Of August
eighteen hundred ~ .ylhrss
oyad q