Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1864-02-24
The. Currency BIZ.
u Al Act 10 be eAtilsi 1ifi .Act 10 FH'id, lar
mil j;mit H.. .to7Snsr."

SEC. L. lHc ScNS SSo VI ~.
Stats Of aulerics do enact, That the holders
of the Treasury notes above the sdenom;ns, n,
ton cf Eve dollars, not bearing interest, shai!
be allowed until the firs. dsy ofA2rli, lS54i
elst of the Mississippi, tofnad the same, aad
until the periods and. at the places stated, tue
holders Of all SUCH Treasury notes shall be al
lowed to fund the same IN registered, bonds,
PAYABLE twenty years after their dale, bearing
interest at the rate Of lour,per cent. per an
nun, payable on the lst Of Janusry and July
Of eacl year.
SIC. 2. The Sserefar; of-,ha Treasury IL
hereby authorized to issue the bonds required
for the funding provided for in the preceding!
section, and until the bonds can bs prepared
lie III. ~. :ssue certificates to answer the purpose
Such bonds and certificates shei! bs rec iyi-'
.b,e without interest IN payment OF tH Gov.
crn,ncnt dues payable in tho yearslS63, en-
cent export and import dutios
SEC 5. That all Treasury uotes os The de-
nomination of ono hundred dollas', not bear
ing interest, which she'll not be presented i"r
finding under the provisions OF The frs: sec
tion Of this act, shall, from and alter tie hrsi
day of April, 1864. eas. of the Mississippi
river, and the first day Of July. 1S;,4, west OF
the Mississippi, cease To be receivable in pay
ment of public dues, and said notes, il not 81
presented at that time. shall, in addition to
ihe tax of thirty-threc and ose t;iiri ceats
imposed in the fourth section Of this aei, be
suhiec,clsto tax Of ten Per Cent. per month
until 90 preaeu.ed; which taxes shall atac:.
10 said notes wherever circulated, and shall
bs deducted from the face Of said no:as wA;n
ever presented ior. paylneut or fo. fading,
and said notes shall not be exch,ngeabi. for
lie new issue OF Treasury notes proyid>1l for
in this set.
SEE. 4. sThat on sllsaid Treasury rotos noi
:. funded or used in payment OF taxes at the
Gates and places prescribed in the First section
of this act, there shall be levied al said date.
and places = tex of thir.y-threa auGl @at-!lir!
cents ~ every doi'sv promised Gil the face
of said notes; saidStax SHALL attach to said
uotts wherever circula;ed, and shall be col
leccd by dedurins the same at .!:e treasury,
its.deposi.oriss aEi by tax collectors, and by
ali GoYeriment oti;cers receiving the ssine
whenever presented Cor payment or FOR land
ing, or in payment Of Govarnment dues, or
for postage, or in eNchange FER new :oet. Gs
hereinafter provided, and ssd Treasury notes
shall be funlable in boEiis as provided ia the
first section Of this act, until the$ frstday Of
January, 1865, at the rate Of s!xiy-a:x aad
two-thiris ccGts ON the duliar; aid it shall
be the duty OF the Secretary OF the Treasury,
at any time between the st or p.il aud The
,st OF july, 1864, east, and thelSt of January.
1858 west of the Mississippi RIVER, t. substi-.
tute anGt exchange new Treasury notes for the
gule at ths rate cf sixty.Siy :.nd tro tLiri.;
cea:s on.tire dollar: Pfosiigl, That notes OF
the demon: :naliou Of cse hundred dollars
shall not, be entitled to the privilege Of said
exchange Prorlded further, That tho right
20 fund any of said treasury notes after the
first day Of January, 1865, is hereby taken
sway: And proy;ded. further, That upon all
such Treasury notes whica msy>rcmain out
standing on the lst DAY Of Jauuaryn 1865,
and which may mot be- exchanged for new
Treasury notes, as herein provised, tax Of
0ae hundred per cent. is hereby imposed
SEC. 5. That after the first day Of April
ners, all authority heretofore given to the
Secretary CT the Trsasury.to issue Treasury
notes shall be, aud is hereby revokc4 Pro-
rided. the Secretary of thc Treasury msy,
ste; that time; issue new Treasury notes, in.
such fornpas he may pres cribe, payable two,
years after tho ratification Of u treaty OF
peace with the United States, said new issues
10 be receivable in payment Of all public dues.
except export anaimport duties, to be Issued
in exchange for old notes at the rate Of two
dollars Of TIE new for three dollars of TIE old
issues, whether said old notes be surrendered
for exchange .by the holders thereof, or be
received into the Treasury under tue provis-
ions of this act and the holders Of the new
notes or Of the old notes, except those Of the
denomination of one hundred dollars, after
they are reduced to sixty-six and two.thfrds
convert the same into call certificates bearing
interest at the rate OF four per cc::t. per an
mum, and payable t@o years after r,,sifica-
tion of treaty o peace with tho United
States, unless sooner coaTertad into new notes.
SEC. 6. That to pay Tho expenses Of The
Government not otherwise provided for, the
Secretary of the Treasury is hereby aathcr-
lied issue six per eent. bonds TO ali amount
no. exceeding five hundred millions of dol
lars, the principal and interest whe.eof shall |
be free from Taxation, and ior tie payment
Of interest thereon the en.ireouct receipts CT
any export duty hereafter laid on value of
any cotton, tobacco, and naval stores, which |
shall becXported from the Confederate States
and the net proceeds of the import dulic.; now
laid, or SO much thereof as may be necessary
to pay annually the interest," are hereby sps
cially pledged: Provided, that the duties now
l.;l On imports are hereby pledged and shat!
hereafter be paid in spcccsor IN sterling ex.
change. or in coupons Of said bonds.
SNc. Z. That the Secretary Of the Treasury
is hereby authorized, from, time TO time, as /
the wants of the Treasury may require it, to
sell or bypothccatefor Treasury notes SAID
bonds, or any part thereof upon th, best
cru.s he can; SO as to meet appropriations
,y Congress, and a' the game tins reduce
and restrict the amount Of. the circulation in
Treasury notes within reasonable and safe
limits. |.
SIC. 8. The bonds authorized By the sixth
ection ofthis act may lie either registered
r coupon bonds as the parties taking thcin
nay elect; and they MAJ be exchanged for J.
ach other under such regulations a: the Sec.
eta-Y of the TreassrY may prescribe. They
hsilbe for one hundred dollars, and shall, d
osether with the coupons thereto attached,
70 in such form and OF auclf eutbenticutioii !
the Secretary of the Treasury slnsy pre-