Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1864-06-01

TuzsFGang AneaaUeass - the EarrencF
By refsrsace to our Congressional reports Ia
anathsr column, il viii be seen thasiu the Con
fsderass Sensts On shs 18th instant. the bid %
amend the '.euTFeney act, Of the last session,
vas taken up, and gave rise to an interesting
discassie1, in the eeur5e Of which Mr. Hdl, Ct
G sorvia, exprsssed his asEonishmsnt at tie con
s.-uess8n given b the Secrsts-y q shs Ifessury
e. tie 5h sacsirn o. the -eaTfgncy act. y
ghiea e. nsssaiea tha ssht . lzaee - q nsH
notes for svsrT s. Of tbs old funded 10 iolI psf
,,srt esrtssS ,ssss. afr. HiI srgUei thss tie act
Tsas Hos susceptible Of such e71sireesio oat
Samms. OF Isaulsians, who sf-sc - e1ali1iAn
Of the Ssnsls Elaancs e1E-1saae q me l-ss -es-
sion said thas tas construct. q ssa sss,i say
was 10 conformity With ths designs d ~
frsusrs Of lhs bii. On the following day The
/ bill vas passed. Il proVi3sas
I-Thss the Secretary Of The Treasury Esy
ISSUE one dollar Of the rev issra f0E every thrRe
dollarB that have been funded. Ths exchange
/ Of 81 Of new notes for sTsiy 50 Cf Old Rofes
l held 81 individuals is not infsTfsEsd with.
2. On ihs 1ss 0i Jannzry nsKi. or as soon
I tharsafser as practicable too Secretary Of shs
Treasury Is directed 70 reduce the circulation %
/ S900. .000. coo, Ssd, Wbsa 50 rsdaesd, the faith
/ Of the G5Eernnsnt il pledged thas the same
| shall not BE- increased Tue hdl does not say
/ how ths Secretary i % accomplish the fsat i'm
posed upon him
3. Any Ssass holding cid treasury notes may
receive new issue IN eEchzngssfor oae hs.f Of the
tanounl and SIX Or four per cent bonds (tas lat
1 ssr exempt iron taxaE0n3 tor t18 other hall, Or
/ it may rscsiye The whole amount IN either Of
said bonds
4 Holders Of treasury n0sss entitled . be
| exchanged for new issues nay untl Isl Janu-
AZ. ns1t, reesiys foar per cent bonds Eree fr5a
taxation, for tFo-thirds Of he amount had -
thsm. The object OF ne provision . ~
eouEage funding--as tle f01r peE ee cs,,;s
lcs.ss zzs only exsmpi fr0R tsEsz-sfi ts,i- -
ishils tho bonds alllorzs5 p shis prorisio,, -
nos tax35ls e. Al uP0n principal q iatsrest
i 5 H8sdsTs 0f four per eeaa car6ncktes issn.s
under he frss session -0s tie Currency a. >
ursy exchasss thsns -oz tas f0aE per oens sonsis
absFs aese1iosai a. he rsse q IS q ths FORMER
f0r tSro Of taa lasssz.
s Ths So. .essrtitieslss are 70 bs rsesiYabls il,
K psymsns Of al G1ve.auent dlez which shall
ssTs accrued prier % ths lsE ol Jsnoary, 1856.
sxcspr taport snd export. dnsiss, and EEanslsr
b dsIissr7 shall snsbla tas h11aer % use ths
sans i1 payment oE said ocas.-Ceartssiai1
8srcaTg.
j "a boat Was. lsuhekea near Moaigomsry,
4 Ala, on Th1rsdsy last Ths Aassstissr says
nat he boat was built lo- LAs use q ias niisr
and mining bureau Of thst dlsiIies, under ths sH'
ssyiesen5soes Ct Msjos Wa. H c. Pliee, and
, Capt c. = ClaPP. 10 bald boa- l5o isei
s losr sr5 50 feet in eidth il fFe weeAs, Is a
sseaiiA5ls j9h in these. sisasa
e A. AZ sueao1 $40 - Co.sIaans, tss-, O.
. Fsidas, iha following aEiees wszs e8'ainods
! COW, sassr. = e5; f5as, essei eana-
J baTgss - per ys'1 seE'o0 s-se'as'
Z s4s Hlsn sass.ipg, ls-ts ss4 Pe1 gasd 4enss'
4 aapslis. SIS pss ysra.