Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1863-10-27
TREASDRY DEPARTMENT, G. S. A,
RICHMOND, Sept. =, 1868.
TO THE TREASURER, ASSISTANT

L rEessus er aad DepOsitaEIes OF the C0n-
fsderat. States:
The present is deemed fitting occasion to call the
attention. of the public measures h.ch have been
provided by Congress Tor reducing the amount of
Treasury Notes IN clrcu iatJn.
L. The first and most important IF these measures
lis the offer to the pubic 100000 of six per cert
% year bonds with interest payable annually cot
ton the cotton ~ to De delivered at OF
our seaports at the valuation OF pence sterling or
LIZ cents per pouna sof New Orleans midd,ing. A.
he present price cotton at the sea port this inter-
est Is eq.4ai to aboat 20 per CENT per annum and
fought TO raise The value the Bonds beyond any that
are the After several advertisements for
bids the price VI Bonds mas been adjusted at 90
per cent. premiunl and they are now offered TO the
nublc at that rate. BY paying in S 800 in Ire sury
Notes at any DepostaIy of the Treasury, the bolder
may obtain Bond for . l00e payable IN cCin in 20
years upon hieh the interest to be paid annually
either in coin With 5oo pounds of Gotten of the
quality OF Aex Orleans middllng. The advantages of
such an inyestneat are obvious. Neither principal
nor int. est is subject depreciation from redun-
aant GU rency. Ths principal is secure as the or.
ofshe Confederate tates, and the ps -
iuriBg se warswi atIfssent rates ofcot:on, pr ~
cent. III egin or u asaEIaoslty of go ,al va4r fe
2. The second SIRE adopted q Co-,sress +b
furnishing of TreasF eotes Issued sl0ce the s,b Of
April leos ID SIX p. psht bones, any tine with
ie twelve mcnths aiser dc date o. issue
Tie holder NAV obtain for ,.ese moi ct the Troo
sury six per cent bonds, 1sysble in 81 years but re-
deemable atter live esa Is interest payable semi
annually,
5. The third meas uIe is, resented by the offer of
five per cent Call Ger cales upon the deposit Ia the
treasury or any Depository within months of any
OF the notes issued since the 9Th April, 1863 These
certificates convertible for 81 months into Trea-
sury notes OF the date of those deposited and if not
recoayerted With that tme taey are entitled to be
funded IN per cent 30 year bonds redeematIe after
five years. with interest payable semi-annually
4. After II mon his from the date Issue, all Treas
ury notes issued since 9th April 1863, md also ALI
treasury notes bearing date between that and the
1st OF December 1862 fundable in four per cent
bonds, which convertible at the pleasure of the
h0ldef into four per cent Call Certificates emitting
the holder, at any time to Treasury OF similar
character with those paid in by him.
These various methods suit the convenience Of die
f.rent PORTIONS OF the comm unity and should all i1s
urged UPON their attention. But would rnore mar
ucuafIy request you to use every IN yonr how.
for Inducing general cooperation In the first ~
the holders OF the Confederate Cdrrency will now hv
united effort, lend their aid, can at onea
be removed from circulation. Such a result Will he
10 every purchaser He ill frst OBJ
tam Tor the Treasury notes bond payable In coin
with the interest secured In medium which cannot
ba appreciated and he will improve the value Of
the Treasury notes remaining in his possession
trust that, II you will at take proper meas.
ures to present and urge these upon public at
ention there will be prompt and effective response
The authority heretofore given to you to sell these
bonds at SO per cert premium is now extended until
further orders As All the bonds bear date lst june
you will add the the purchase NOM
ey and accept payment in any non interest bearing
reasaIy notes. 0ne-halt at least o. which shall be f
date subsequent to 9th april, 1865.
Respectfully,
Your onedieut servant