The daily Chattanooga rebel. [volume] (Griffin, Ga.) 1864-1865, 1864-07-02

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/ hrat DAY OF January eighteen hundred and Sky.
hys, II hereby taken away Aud provided f.r.
| ther, That npOn all such treasury notes wh. .ch
may remain outstanding ON the first day ofJanu l.
| ry, eighteen hundred and sINtv-Gyp and VIII "a
may not be exchanged for new treasury notes
herein provided, atay Of one hundred per cent is
| hereby imposed
SEC. g. That after the first day Of April next, N
authority heretofore given to the Secretary of tlc
Treasury 10 issue treasury notes shall be- aud the
same is hereby revoked Provided, The Sccrell.
ry Of the Treasury may, after that time issue W
treasury notes ia such form as hc may prescribe
payable two years after the ratification Of tres,
VI peace with the United States said new issue, iu
be receivable in payment Of all public dues exc, pt
export and import duties, and 10 he issued I'M vN.
change for old notes at the rate OF two dollars of
the new for three dollars Of the old sues whct g
said old notes be surrendered for exchange
the holders thereof on be received into the treas
ry under the provisions of this act; and the h0l.
ders Of the new notes or of the old notes, except
! those Of the denomination Of one hhndrcd dollars,
after they are reduced to sixty.sx aud tWo-third
! ceuts on the dollar by the tax aforesaid mN
500 s+ y.-i yviliuUpnuH, CeaTing IN.
tcrcst vt the rate OF four per cent per annum a
payable two years after the ratification Of q treaty
Of peace With the United States unless soon o.
converted into new notes.
SIC. o. That TO pay the expenses ofthc Govern.
mCnt not otherwise provided for the Secretary Of
the Treasury is hereby authorized 10 issue six Der
cent. bonds to AN amount not exceeding five hun.
dred millions ofdoIlurs, the principal and interest
whereof shall be free from taxation and for the
payment ofthc interest thereon the entire nett re-
cCipts Of any export duty hereafter laid ON the
value of all cotton, tobacco and naval stores
which shall be exported from the Confederate
States, and the nett proceeds of the import duties
now laid, or so much thereof as may be necessary
TO pay annually the interest are hereby specially
pledged Provided, That the duties now laid up,
on imports aud hereby pledged, shall hereafter be
paid IN specie, or m sterling exchange, or in the
coupons Of said bonds.
SEC, T. 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 hypOthe.
cate for treasury notes said bonds, or any part
thereof, upon the best terms he can so as to meet
appropriations by Congress and at the same time
reduce and restrict the amount the circulation
in treasury notes, within reasonable and safe
| limits.
SIC. S. The bonds authorized by the sixth sec.
ton OF this act may be either registered or coupon
bonds, as the parties taking them may elect, and
| they may be exchanged for each other under such
regulations as the Secretary of the Treasury may
prescribe They shall be for one hundred dollars,
or some multiple of one hundred dollars, and
SHALL together with th" coupons thereto attached,
be in such form and Of such authorization as the
Secretary Of the Treasury may prescribe The
interest shall be payable half yearly ON the first OF
January and July in each year the principal
shall be payable not less than thirty years from
| their date
| SIC. .. All call certificates shall be fndable,
and shall be taxed in all respects, as is provided
| for the treasury notes, into which they are con.
! vertibc. lfnOt converted before the time iIed
| for taxing the treasury notes, such certificates
shall from that time, bear interest upon only six
| ty.six and twothird cents for every dollar prom
sed upon their face and shall be redeemable on
| y in new treasury notes at that rate, but after the
passage Of this act, no call certificates shall be
issued until after the first day Of April, eighteen
hundred and siXty-iour.
| SEC TO- That il any bank Of deposit shall give
/ its depositors the bonds authorized by the first
section Of this act in exchange for their deposits
| and specify the same on the bonds by some dis
| tinctvC mark or token, to be agreed upon wish
! the Secretary of the Treasury, then the said 5c-
posi;Or shallhs oufitlcd to receive the amount Of
said bonds in treasury notes bearing no interest
and outstanding at the passage of this act Pro.
! yidcd, the said bonds are presented before the
privilege Of funding said notes at par shall cease
as herein prescribed
! SEC. II. That all treasury notes heretofore il.
sued, Of the denomination Of five dollars shall
continue to be receivable in payment of publi
dues, as provided by law, and iundable at par uu.
der the provisions of this act until the first of Tulv
eighteen hundred aud siXty.fOur east and unt
the first Of October eighteen hundred and sixty.
four west OF the Mississippi river, but after that
! time they shall be subject TO tax of thrty-thrre
and One-third cents ON every dollar promised On
the face thereof said tax to attach TO said note
wherever circulated, and said notes to be fuudabIc
and eXChangeablc for new treasury notes as here
in provided, subject to the deduction of said tax
Sic. IL. That any State holding treasury note,
received before the times herein fixed for taxing
said notes, shall be allowed until the first day of
January, eighteen hundred and siXtv-fve to fund
the same in six per cent, bonds of the Confederate
States, payable twenty years after date, and tho
interest payable semi annually. But all treasury
,v,Nn iyoIb byy Gt.,ttt
taxing the same as aforesaid shall be held O.
| have been received diminished 10y the amount { (
! said tax. The discrimination between the notcr
subject to the tax and those not 80 subject sha,
be left to the good faith of each State and the cC
ttcate Of the Governor thereof shall in each case
be conclusive
SEC 49, That treasury notes heretofore issued,
bearing interest at the rate of seven dollars and
! thirty cents on the hundred dollars per auuutn.
shall no longer be received in payment of public
dues, but shall be deemed and considered bond
of the Confederate States PAYABLE two Years q
ter ratification Of a treaty Of peace with the UNI
ted States, bearing the rate Of interest specified
/ on their face, payable on the first OF January b.
each and Cveryycar.
SIC. IA. That the Secretary Of the Treasury be-
| and he is hereby authorized, in case tine cxigenc,
ofthe Government should require H. to pay ii
| demand Of any public creditor whose debt may BE-
contracted after the passage of this act, willing tU
receive the same in certificate Of indebtedness
/ TO be issued by said Secretary i'm such form as he
may deem proper, payable two years after rat'Ii-
cation Of treaty OtpCaCe with the United States,
bearing interest at the rate Of SiN per cent per ar
mum, payable semi annually, and transferable on
| ly by special endorsement under regulations to Eo
prescribed by the Secretary Of the Treasury; an
said certificates shall be exempt from taxation IN
principal and interest.
SIC Is The Secretary of the Treasury is au-
thorLCd to increase the number Of repositories so
| as TO meet the requirements of this act, and with
that view to employ such OF the banks Of the soye
| raj States as he may deem eXpCdent.
SEC II. The Secretary Of the Treasury shall
forthwith advertise this act in such newspapers
published in the several states aud bY such ptleE
md the Secretary M the
Navy SHALL each, cause il to be published in Gene.
raj orders for the information of the army and
navy
SEC H. The orty.second section of the act C,r
the assessment aud collection of taxes, approved
| May first eighteen hundred and siytv-tbrec is
! hereby repealed.
SIC. Is. The Secretary Of the Treasury is here.
/ by authorized and required, upon the application
| Of the holder Ofany call ccrtfcutc-which bv the
hrst section OF the act provide for the funding
and further issue Of treasury notes" approved
! March tWenty-tbird, eighteen hundred and sixty.
II bOnd-tO issue to such holder bond therefor.
upon the terms provided by said act
| Approved February II, 1864.
Gerald Gray'S Wife,
NOW READY
VVV ESLI C,S FFs.l