Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1864-03-30

- amended 0y the next congress- ~
IN Confederate notes that may be received
3 } into the State Treasury after the frs
Of April, win only be available in pay
.gsS' ments at the discount of 93 Is pei
9 ress cert, and the q 100 notes at a further
( you discount of 0 per cent per month from
This the Grst Of April. The Sl00 notes
.sures should be no longer receivable, those
lr ao. Of less denomination only at a dis
until count of 33 l.3 per cent. The reports
octod otlhe Auditor and Treasurer show the
they condition of the Treasury and the
re uu- wants Of the Government TO BE such
sub. that the State should not sustain the
ribu, loss of the discount on the n1tes. The
YOU taxpayers of the State who have had
'insa. notice Of the provisions of the Cur,
,i the rency Bill, will doubtless make pro-
d | vision for payment for the Confederate
t by and State tax by funding tho Co1fed
ming crate notes and procuring State paper.
sjton The difference between those Conied,
the crate notes and four per cent bonds
needs after The first Of April will not be equal
cu- 10 The discount Qn tie notes, as brokers
? suF- can, by sending The notes west of the
bout Mississippi have them funded until
rur' The first ofjuIy, and no regulation Of
ubIo the Treasury by oath or otherwise can
civil prevent inscriptions persons from
Ice OF doing this; II you authorize the re,
.2,a' ceIP Of the four per cen! bonds in
payment of taxes, il will also be necesr
l3' safy to give power to the Treasurer to
w dispose oI them, as they are not re
no 'celvable in payment of public dues af
t- ter the first of January next. | do not
Ng recommend the receipt Of the four per
-- cent bonds for taxes, as it will afford
NJ. Is but hnIe reliefto the people oil the
+. us state, the majority Of whom owing 70
'H 10 Jae arrangement Of the mails ard Their
y. 'Pt distance from the repositories, will net
Iaaa' have received information in time to
deIy enable them 10 fund their notes, 9nd
us o' lhey will be thrown into the power Of
tue inscriptions brokers. also fear that
these bonds will by December next.
IS, be OF no greater value than the notes,
bout for it will be observed that the notes
Con. oil less denomination than 500 are,
n BY until January next, exchangeabe at
lrge- SO l,3 per cent discount for the new
col, issue, and no such provision is made
ct of for the bonds. The bonds are also
} the taxable TO the full amount Of their la
ssue teresl. The bond. are practically
nay. twenty year bonds without interest, and
e iu- y requires no great financial accnmen
able 10 determine their total wurlhlessness
crest In the market after January next
| therefore recommend that no Com
ouds iederate notes be hereafter received in
cnt payment Of taxes or other public dues,
sion except the new issue 10 be made after
rest. me hrst ofApril and the old convert'
the lole notes of less denomination than
pay SlOO at their convertible value, and |
and that the Treasurer be authorized to |
is exchange the latter for the new issue
t of and unless you retain them as basis
as lor future issue Of Treasury notes
e as that the Treasurer be authorized with |
lent me advice Of the Governor and Audi.
t be LOT TO sell the 6 per cent bonds for the
ate, market value for the new issue and !
rom lhe paper Of tho State, or pay out
lade me same ior such value for Auditors
no warrants.
IS
tate TAXES
eaf> The time for the collection of the tax
the assessed in 1862 having been extended,