Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1864-01-05

&c year h5# - pa able annually N cot
Four seaports valuation OF six pence sterling,
123s cents per pound fer New Orleans niddfing. AT
the present pr-ee OF cotton at TIE ports this inter-
est is eqaai to abor. 70 per cent. per annGm and
ought raise hs val OF the Bonds beyond any that
are on the ket After sever al advertisements for
bids the price Of the cuds has been adjusted at so
per cent prem and tiay now offered to the
public at that rate 5y peP'ngln l,500 in Treasury
Notes at any Depossarg II the Treasury. the holder
may obtain Iona .or I'll 600 payable in coin in %
years upon viicE the interest IS to be paid annually
either in coin o With zoo pounds OF Gotten of the
quality of Ne /, Orleans nddling. The advantages of
such an investment are obvious Neither Prlneipal
nor interest is SUBJECT to ieprec ation from redun
dant rency. The principal is secure the for
tunes of the Confederate States and interest paid
during the WILL at present rates of cotton, pay 20
per cent. per mum, and after the realize per
cent IN cJn al in a commodity of eq ial value
2. The Sec ID measure adopted by Congress, the
furnishing OF -easury notes issued the 5,h OF
April, 1903, six per cent. bonds, at any tine with
ia twelve mouths after the date OF issue
The holder ~ obtain tor these notes at the Ttea-
sury six per cent bonds, payable in Be- years but
deemabe aieT Eve yea $ the interest payable semi
annually
8. The third measure Is presented by the offer of
five per all Certificates upon the deposit the
Treasury any DepostaAy within six months Of any
of the ss.ed the 9Th April, 1868. These
certificates convertible tIr six months into Trea
sury notes oil Il date OF th5e deposited and if
re-convertEd mthn that tn ,, they entitled to be
funded pcr cent 81 year ponds, redeematle after
five years. with interest payable semi-annuaily
fs
ury notes issuel since 5th April, 1868, end also all
Treasury bearing Date between that date and the
2st of December, 1869, are .lndabe in four per
bonds. which al convertible, the pleasure of the
holder into nEr per cent. Call Certificates, emitting
the holder, at any time to Treasury notes OF similar
character with hose psid in by him.
These various methe is s1t the convenience of diff
fsrent portions of the unity and should all be
urged upon Jhelr at;sntia0. But would more par
ticuary reque you to pse every means in your pow
for Inducing general operation in the first. If
the holders OF GoTstac:ste Currency will now, by
united effort lend aeir AID, 2t0O00O0O can at once
be removed fro.a clrcuia;lJr. Such result Will be
doublybenefclst to every 1.rchaser He will first OBJ
tain for the Treasury notes bond payable In con
with the interest secured medium, which cannot
be depreciaed and ne VIII aext improve the value Of
the Treasury n5tes reaahi-.s In his possession.
4 trust that ~ you vi. II once take proper meas
ures to present aud tacse views upon public at
tention there will 5.oGpt and effective response
The authority heretoicre given to you to sell these
bonds at so Per cent. premium Is extanded until
further orders As ali tee eonos bear date lst June
you will add tie ilerset TO the purchase
ey, and accept Iayn ozlsir ar interest bearir
Treasury notes; 1eliaf last Q. which shall be Of
date subsequent to 5tn ri, 1888
Respectfully, Yo4r o1ejent servant,
=. g. MEMMINGER,
Oct 81 Secretary of Treasury.