The daily Chattanooga rebel. [volume] (Griffin, Ga.) 1864-1865, 1864-07-02
Cu,p. L1rI-Ah Act to reduce the currency an,
~ nnthnriLn Il new, issne of nOtes and hnnds

CU,p. L1rI.-Ab Act to reduce the currency and
to authorize new issue Of notes and bonds
The Congress ofth6 Confederate States Of Amer
lea do enact, That the holders Of all treasury
notes above the denomination Of I'VE dollars, not
bearing interest, shall be allowed until the first
day of April, eighteen hundred aud SIXTY four,
east of the Mississippi river, and until the irst day
of July, eighteen hundred and siTty.four. west Of
the Mississippi rivsr to fund the same; and until
the periods aud at the places stated, the holders
of ali such treasury notes shall be allowed to fund
the same in registered bonds, payable twenty
years after their date bearing interest at the rate
Of four per cent per annum, payable on the first
day ofJanuary and July OF each year
! SEC. .. The Secretary Of the Treasury is here
by authorized to issue the bonds required for the
funding provided for in the preceding section and
until the bonds cdn be prepared be may lssgs ser
7 bsymeDt Of an Government dues payable in the
year eighteen hundred aud sixty.fOur, except eX-
port and import duties.
SEC 3. That all treasury notes Of the denOmina-
ton of one hundred dollars not bearing interest,
which shall not be presented for funding under the
provisions Otsihe first section Of this act, shall
from aud after the hrst day Of April, eighteen
hundred and siIty.four east of the Mississippi
river, aud the FIRST day Of July, eighteen hundred
and siXty-four west Of the Mississippi river,
to be reCeiVsblein the payment Of public dues, and
said notes If not so presented 1T that time, shall
IN addition TO tne TAX OF tnEy-luTeb duu Ouo-LnlIu
cents, imposed in the fourth section Of this act
be subject to tax Of tou per cent, per month until
10 presented, which taxes shall httaqh to said
notes wherever circulated, aud shall bs deducted
from the face Of said notes whenever presen ted
for payment or for funding, and said notes shall
not be cxchangeable for the new issue Oftrcusury
notes provided for in this act.
SEC 4. That on all said treasury notes not funded
or used iu payment Of taJ.s at the dates and pa-
ces prcscrbedn the first section of this act, there
shall be levied at said dates and plaCess tax Of
tbirty.thrce and One.third cents for every dollar
promised on the face Of said notes Said inI shall
attach 10 said notes wherever circulated, and shall
be collected by deduoting The same at the TresBu-
nv. its Repositories aud BY the tax collectors and
by all Government officers receiving the same,
whenever presented for payment, or for funding,
or in payment Of Government dues, or for postage,
or in exchange for new notes. IS hereinafter pro-
vided aud said treasury notes shall he iundaOe
in bonds, IS provided in the first section OF this
act until the first day Of January, eighteen hun
dred and 5iIty-tVe, At the rate OF sGty.siI snd
twothird cents on the dollar. And It shall be the
duty Of the Secretary ofthe Treasury at auy time
between the rst Of April east, aud the tTst July,
eighteen hundred aud sixty -four, west Of the Mis-
sssippi river, and the irst Of January, eighteen
hundred aud BiKty.hve, to substitute aud exchange
new treasury notes for the same, Al the rate or
si1ty.siT and tWo.third cents on the dollar Pre-
vided That notes Of the denomination OF one