The daily clarion. [volume] (Meridian, Miss.) 1863-1866, 1864-04-03
The Currency Bill.

re'scy.
Section /. The Congress of the Con-
federate States do enact, That the hold
ers Of all Treasury notes above the de-
nomination of five dollars, not bearing
interest. shall be allowed until the first
day Of April, 1864, east of the Missis.
sippi' river, to fund the same, anl until
the first day of July, 1864, west of the
Mississippi river, to fund the same, and
until the periods and at the places stat
ed she holderS of all such Treasury notes
shall be allowed 10 fund the same in reg
istered bonds payable twenty years af>
ter, they bearing interest at the'rate of
four per cent. per annum,, payable on
the lst day of January and July of
each year.
Sec. Q The Secretary of the Trea-
sury is hereby authorized to issue the
bonds required for the funding provided
for in the preceding section; and until
the bonds can be provided, he may issue
certificates to answer the purpose Such
bonds and certificates shall he receivs-
: bile. without interest. in payment of nil
Government dues payable in the year
1854, except export and import dnties.
Sec. 3. That all Treasury notes Of
all denominations of hundred dollars not
bearing interest which shall not bo pre-.
$ented for funding under the provisions
of tue FIRST section of this act, shall. from
and after. the first day of April 1861
east of the Mississippi river and the
first day of July. 1864, west of the Mis-
sis,ippi, cease TO be receivable in paw
ment Of public dues, and said notes, If
not SO presented at the time shall in
addition TO the tax Of thirty three and
oDe-third cents irnposediE the fourth
section Of this act, be subject to Il tax of
ten per cent. per month until so pre-
sented; which taxes shall attach to said
notes wherever circulated, and shall be
deducted from the face Of said notes
wherever presented for payment or for
fundiug, and such. notes shall no. be ex~
changeable for the new issue of Treasury
notes provided for in this act.
Sec f. That all said Treasury notes
not funded OF used in payment of taxes
VT the dates and places prescribed in
the first section of this act, there shall
be levied at such dates and places tax
of thirty.three and one.third cents for
every dollar funded ON the face of said
notes. Said tax shall attach , suid
notes wherever circulated, and shall be
collected by dedncting the same at the
Treasury, its depositaries and by the
collectors, aud by all Government officers
receiving the same, wherever presented
for payment or for funding, or in pay
meut of Government dues or for post
age, or in exchange for new notes as
hereinafter provided. and said Treasury
notes shall be funGable in bonds as pro.
vided in the first section Of this act. un-
ill the first day of January, 1865, at
the rate Of sixty-siX cents and two>
thirds on the dollar, and it shall be the
duty of the Secretary Of the Treasury
at any time between the lst of April
last and the 1st of July, 1864, west OF
the Mississippi river, and the 1st of
January, 1865, to substitute and ex~
change new Treasury notes for the
SAME, at the rate of sixty>six and two
third cents on the dollar; Provided,
That notes of the denomination of one
hundred dollars shall not be entitled to
the privilege of said exchange Pro-
vided further, That the light to fund all
such Treasury notes which may remain
outstanding on the first day of January,
1868. and which may not be exchanged
for new Treasury notes, as herein pro
vided, a tax of one hundred per cent. is
hereby imposed.
Sec. 5. That after the first day oI
April next, all authority heretofore given
te the Secretary of the Treasury 60 is
Oua Treasury notes shall be and Is here.