The Chattanooga Daily Rebel. [volume] (Chattanooga, Tenn.) 1862-1864, 1864-02-23
rnE ouRRENeY NIL.
aAn Aoi entiilsa An Act 10 Fund. 1sv ara 9
LfBlit De CtrFencv"

SIC. l. The Congress Of the Confederate
States Of AmeriJa do snAst, That the holders
Sf ell Treasury notes above the denomination
Of Eve dollars, not bearing interest, shall be
allowed until the ff5t day Of April, 1864, east
Of the Mississippi 20 fund the same and Until
tue periods and az the places stated the bel
dsrs OF all such Treasury notes shall be alloW>
ed 70 fund the same in registered bonds, pay
able twenty years after their date, bearing IN
terest AT the rate Of ferr par cent per Rnnuna,
payable on the lat Of January and july Of each
year. 1 y s
SEC 2 The Secretary Of the Treasury 10
hereby authorized 10 issue he bosda required
for the funding provided fer in the preceding
section. and until the bonds can be prepared
he may issue certificates to answer the pur-
pose Such bonds aud certificates shall DO re-
osivable without interest in payment OF all
Government dues payable in the year 1864, OK
oept export and import duties.
SEc. 3. That all Treasury notes OF the de-
nominations Of one hundred dollars not bsar-
ing interest, which shall not b presented for
funding under the provisions Of tho Rrst see
tioA of this act, shall, from and after the first
day Of April 1864, east Of the Mississippi riv-
er, and the frst day of July, 1864, west Of the
Mississippi. cease 10 be receivable in payment
OF public dues, and said notes If 30 presented
al that time, shall, 10 addition to the tax Of
thirty~thres and one third cents imposed in
tia fourth section of this act, DO subjected to
8 tax Of ten per cent. per month apti 90 pre-
sen ed which taxes shall attach TO said notes
wherever circulated, aud shall be deducted
from the face of said notes whenever present
cd for payment or for funding, ard said notes
ghoIl moi ha n.Il 90 gsnt n
Treasury notes provided for in THE act. m
SIC a. That on all said Treasury Mates net
funded or used in payment of taxes at the dates
aud places prescribed in The first section OF
his act, there shall be levied Of said dates and
places tax of thirty three aud one.third cents
for every dollar promised on Tho face Of Faid
notes; ga d tax shall attach TO said notes whsT-
ever circulated, and shall be collected by de-
ductiHg the sans at the treasury, lite dOpOsitO.
ries and by tax collectors, aud by al Govern
msnt officers receiving the same whenever pre-
sonted for payment or for funding or in pAys
ment Of Government dues, or for postage, or in
exchange for new notes, as hereinafter provi>
dsd, and said Treasury notes shall be fundabe
in bonds as provided in the irstGsotion Of this
act, until the FIRST day OF January, 1866 at the
rate Of sixty.six and two third cents on the
dollar; aud II shall he tbs duty Of the Score.
tary Of the Treas airy, atAny time between the
lst OF April aud tho let of July, 1864, west Of
Mississippi liver, and the LIST Of January, 1865
~ substitute aud exchange new Treasury notes
for the Same sane at the rate Of sixty.aix aud
twosthirds cents on the dollar: Provided, That
notes Of the denomination of one hundred dol.
lars shall not be entitled to the privilege Of
said exchange: Provided further, That the
right 10 fund any OF laid treasury notes after
the FIRST day of January, 1866, 10 hereby taken
away: And provided further, That upon al
such Trsasury notes which may rsmaia out
standing on the LIST day of January, 1868, and
which may not be exchanged fOrnew Treasury
notes, as herein provided, a tax Of one hundred
pOr cent. is hereby imposed. W. J..,.
SEC, 8. That after the hrBt day Of April
next, all authority heretofore given to the Sec
rotary of tho Treasury TO issue Treasury notes
shill be- ard is hereby revoked Provided,
the Secretary of the Treasury may, after that
time, issue new Treasury notes, in such form
as he may prescribe, payable two years after
the ratification Of a treaty Of peace with the
United States, said new issues to be reoeiya-
bic in payment Of all public dues, except en-
port and import dnles, TO .be iesusd 10 exN
change FOR old notcsiat the rate Of twoldolIars
Of the new for three dollars Of the old Issues,
whether said old notes be surrendered for e1t
change by the holders thereof, or DO received
into the Treasury Under the provisions Of this
act; aud the holders Of the new notes Or Of
the old notes, except those Of the denomna-
ton OF one hundred dollars, after they are 70.
duced TO sixty six and twothirds cents on the
dollar by the tax aforesaid, may convert the
same into call certificates bearing interest al
the rate OF fonr per cent per aunnm, and pays
able two years after ratification Of treaty
Of peace with the United States, unloss sooner
converted into now notes, NM
SEC 6. That 70 pay the expenses Of the
Government not otherwise provided for. the
Secretary Of the Treasury il hereby authorized
to Issue six per cent. honda 70 an amount not
exceeding five hundred millions of dollars
tho principal and interest whereof shall be
FREQ from taxation, and for the payment Of in-
terest thereon the entire net receipts Of any
export duty hereafter laid on value Of any cots
ton, tobacco, and naval stores, which shall be
exported from the Confederate States, and the
net proceeds Of tho import dates now laid, or
so much thereof AZ may DO necessary to pay
annually tho interest, are hereby specially
pledged Provided, that the duties now laid
on imports are hereby pledged aud shall here's
after be paid in specie, or in sterling exchange
or in coupons Of said bonds. ~, 81 17
SIC 7. That the Secretary Of The Treasury
is hereby authorized, from time 10 time, as
the wants of tho Treasury may require il, to /
sell or hypothecatO for Treasury notes, said
bonds, or any part thereof, upon the beat terms
he car, 30 as 70 meet appropriations by Con-
gresa, and at the same time reduce and ro~
strict tho anonnt Of tho circulation ID Trea
sury notes within reaaonablo and safe limits.
SEc, Tho bonds authorized by The sixth |
section OF this act may DO either registered or
coupon bonds, as the parties taking them may
elect and they may DO exchanged for each
other nader such regulations as the Secretary
Of the Treasury may prescribe, They shall be
for one hundred dollars, and shall, together
with the coupons thereto attached, DO 10 such
form and OF such authorization AZ the S0ero.
tary OF the Treasury may prescribe; the in
terest shall DO payable hall yearly on the first
Of January and July In each year tho prinoi,
pal shall be payable not less than thirty years
ircm thelr date. t,sr.fe.. '-s !. i,1-.,l
SEo .. All call certificates shall be funda-
bic, and shall DO taxed in all respects az IL |
provided for the Treasury notes into which |
they are convertible. II converted before the
time fixed for taxing the Confederate notes,
such certificates ShalI from that time bear III