Washington telegraph. [volume] (Washington, Ark.) 1839-1871, 1863-05-13

not less than fve dollars which il nov .p,l
ized by Law, that the Secretary of the T,a.nof-
may direct The authority hereby pivars
cease at the expiration of the first s..s;,n aaa
congress, after the ratification of So
peace, or at the end Of two years, shoul5 II,
war continue SO long. "s
SEC. z. In addition to the authority b.
before given to the Secretary of the Tres
to issue treasury notes, he shall be allowed y
issue notes of the denomination of one DOLL.
and of two dollars, and of fifty cents. Ia en-.
amount, as, in addition to the notes Of =
denomination of one dollar. heretofore is.us 4
shall not exceed the sum of fifteen millions a ,
dollars; and saip notes shall be payable ii,
months after the ratification Of treaty Of pe,e.
between the Confederate States and the United
States. and receivable in payment Of all public
dues except the export duty on cotton, but
shall not be fundable.
SEC. 8. That the Secretary Of the Trea.ury
be authorized to sell bonds bearing six ~
cent. interest per annum, and payable as here
intefore directed, Mt par for treasury notas
issued since the first day Of December, eighteen
hundred and fixty-two, to such Of the Confed
crate States ms may desire to purchase tbs
same; or he may sell such bonds, when guar
anteed by any Of the States Of the Confederacy.
upon such plan as may be determined by tis
Secretary of the Treasury, for treasury notes
on such terms as he may deem advisable to
the highest bidder, and not below par: Pro.
rided, however, That the whole amount Of such
bonds shall not exceed two hundred million,
of dollars: And propided, further, That the
treasury notes thus purchased shall not be re-
issued, if the effect Of such reissue would be 10
increase the whole amount of treasury notes,
bearing no interest which are in circulate a
to sum greater than one hundred and seventy
i've millions Of dollars. And the Secretary Of
the Treasury is also authorized. at his option.
after the first Of July. eighteen hundred an 4
sixtF-three, TO issue and sell, at not less tt an
par, as estimated in treasury notes, coup on
bonds OF the Confederate States. bearing sil
per cent interest per annum and payable o
hereinbefore directed. The said coupons to
be paid at the pleasure of the owner, either in
the currency in which interest is paid on other
bonds OF the Confederate States, or else i'm cot
ton certificates which pledge the government
TO pay the same in cotton of the quality of New
Orleans middings. The said cotton to be paid
at the rate Of eight-pence sterling per pound,
and to be delivered at any time within sz
months after the ratification of treaty Of
peace between the Confederate States and the
United States. at any or all of the ports of New
Orleans, Mobile, Savannah. Charleston or VII.
mington, as the Secretary of the Treasury may
direct: Pro, Did. ho~eusr, That the bonds,
hereby authorized, shall not exceed one hun
dred millions of dollars, and shall be applied
only to the absorption of treasury notes SIS
prescribed in this act
SEC 3 That il shall be the duty Of the Sec
rotary Of the Treasury Immediately after the
passage Of this act. % make publication Of ,
copy thereof in each State, in 1t least two
newspapers. published in the State, and Il
have said publication continued until the firs;
day Of August, eighteen hun dred and sixty
three.
Approved March %, 1863. IL