The daily Chattanooga rebel. [volume] (Griffin, Ga.) 1864-1865, 1864-07-04
n unnber 233.

nrS' gay OF January eighteen hundred and sixty.
h'e' ~ heIeny taken away And provided FUR
thcr, Ihat upon all such treasury notes which
may remain outstanding on the 6rst day OfJanua.
Tl, eighteen hundred and sixty.lvo. and which
may not be exchanged for new treasury notes aa
hereih provided, atax Of one hundred per cent. ia
hereby imposed -
SEC 3, That after the first day Of ApriI n.xt. all
authority heretofore given 10 the Secretary ofthe
Treasury 10 issue treasury notes shall bs Snd ~.
same Is hereby revoked Provided, Tho seorsts.
ry of the Treasury may, after that time, issue nav
treasury notes IN such form as he may prescribe
payable two years after the ratification OF treaty
of peace with the United States, said new issues To
be receivable in payment Of all public dues Oxcopt
export aud import duties, and to be issued in or.
change for old notes, at the rate Of two dollars of
the now for three dollars Of the old issues, whether
said old notes be surrendered for exchange by
the holders thereof or be received into the treaau-
ny under the provisions of this act and the hOl.
ders OF the new notes or OF the old notes, except
those Of the denomination Of one hundred dollars
after they are reduced 10 siXty.sG and tWO.third
cents on the dollar, by the tax aforesaid, may
convert the same into call certificates, bearing in-
ierestut the rate OF four per cent. per annum, and
payable two years after the ratification Of treaty
Of peace With the United States unless sooner
converted into new notes.
SEC, g. That TO pay the expenses Of the Govern.
ment not otherwise provided for the Secretary Of
the Treasury rs hereby authorized 20 issue six per
cont, bonds To an amount not exec lding Etc hun.
dredmiAi0ns ufdolurs, tho principal aud interest
whereof shall be free from taxation, and for the
payment Ofthc interest thereon the entire nett re-
ceipts 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, rso much thereof as may be necessary
10 pay annually the interest, are hereby specially
pledged Provided, That the duties now laid up.
ON imports and hereby pledged, shall hereafter be
paid in specie, or in sterling exchange, or in tho
coupons Of said bonds.
SIC. 2. That the Secretary Of the Treasury is
hereby authorized, from time to time, as thewdnts
OF the Treasury may require it, to sell or hypotbs.
cate Tor 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 aud restrict the amount ofthe circulation
in treasury notes, within reasonable aud safe
limits.
SIC. 8. The bonds authorized by the siGth sec.
ton Of this act may be either registered or coupon
bonds rs 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 the coupons thereto attached
be in such form and Of such authorization sS the
Secretary Of the Treasury may prescribe. The
interest shall be payable half yearly on the Frat OF
January and July in each year-the prineipa
shall be payable not less than thirty years nom
their date
SEC. Q. All call certificates shall be fpdsbls
and shall be taxed in all respects, as is provided
for the treasury notes. into which they are con.
yGrtbc. II not converted before the time fixed
for taxing the treasury notes, such certificates
shall, from that time, bear interest upon only six
ty six and two-third cents for every dollar prom.
scd upon their face, and shall be redeomable 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 sxty-iOur.
SEC, 10. That if any bank OF deposit shall give
its depOstOrs the bonds authorized by the frat
section Of this act in exchange for their deposits
and specify the same ON the bonds by some dis.
tnchve mark or token, to be agreed upon with
the Secretary of the Treasury, then the said de.
posi;or shall be entitled to receive the amount of
said bonds in treasury notes bearing no interest
and outstanding at the passage Of this act Pro.
vided, the said bonds are presented before the
privilege OF funding said notes at par shall cease
as herein prescribed
SEC. H. That all treasury notes heretofore Is.
sued, Of the denomination Of five dollars, shall
continue TO be receivable in payment of public
dues; as provided by law, and fundaOle at per un-
der the provisions Of this act until the first Of july
eighteen hundred and siIty-fOur, east and uptii
the first OF October eighteen hundred and sixty.
four west OF the Mississippi river, but after that
time they shall be subject to q tax of thrty-threo
and one-third cents on every dollar promised on
the face thereof said tax to attach TO said notes
wherever circulated aud said notes TO be fupdabla
and cXchangeable for new treasury notes, as here.
in provided, subject to the deduction of said tax.
SIC. II. That any State holding treasury notes.
received before the times herein fixed for taxing
said notes, shall be allowed until tho first daV Of
January, eighteen hundred and siXty-fVe to fund
the same in six per cent. bonds of the Confederate
States, payable twenty years after date and the
interest payable semi annually. But all treasury
mot Nne rnp oI hBa G21tn Al
taxing the same, as aforesaid shall be held TO
have been received diminished by the amount Of
said tax. The discrimination between the notss
subject to the tax and those not so subject shall
be left to the good faith Of each State and the GER.
tIhcate OF tue Governor thereof shall in each case
be conclusive.
SEC 10. That treasury notes heretofore issued
bearing interest at the rate Of seven dollars and
thirty cents on the hundred dollars per supum.
shall no longer be received in payment of public
dues, but shall be deemed and congdered bonds
Of the Confederate States, payable two years AZ
ter ratification Of treaty of peace with the Uni
ted States, bearing the rate Of interest sneci6ed
on their face, payable on the first of January in
each aud everyyeur.
SEC A. That the Secretary of the Treasury be
and he is hereby authorized in case the e1igencies
ofthe Government should require it, to pay the
demand of any public creditor whose debt may be
contracted after the passage Of this act willing to
receive the same, in a certificate of indebtedness
to be issued by said Secretary in such form as be
may deem proper, payable two years after rati6.
cation Of treaty OfpeaCe with the United States
bearing interest at the rate Of 81 per cent per Ru.
mum, payable semi annually, and transferable on
iy by special endorsement under regulations 10 be
prescribed by the Secretary OF the Treasury; and
said certificates shall be exempt from taxation in
principal and interest
SEC. 10. The Secretary Of the Treasury is Ru-
thOrizCd 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 seYe-
raj States AS he may deem eKpedient.
SEC. 10 The Secretary of the Treasury shall
forthwith advertise this act in such newspapers
published IN the several States and by such other
means, as shall secure immediate publicity and
the Secretary of War and the Secretary Of the
Navy SHALL each cause II to be published in gene
raj orders for tho Information Of the army and
navy.
SIC. II. The forty-sccond section of tbe act for
the assessment aud collection of taxes, approved
May first, eighteen hundred and sixty.three is
hereby repealed
SEC ls The Secretary of the Treasury is here.
by authorized and required, upon the application
Of the holder ofany call Certfcate-which by the
first section OF the act to provide for the funding
and further issue Of treasury notes" approved
March twcntythlrd, eighteen hundred aud sixty
three was required to be thereafter deemed to be
a bond atO issue TO such holder bond therefor,
upon the terms'proyided by said act
Approved February II, 1864.
Gerald Gray's Wife"