The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1864-02-26
OFFICIAL.


p.auce the Currency and TO Authorize
AZ ACT '. new issue Of Notes and Bonds.
n he C.nfedsrase States @ Asperica
Th t"sTg, ,he hols!rrs OF all Treasury notes
d eahI, denomination of five dollars, not bearing
above w .halt he allowed untii tae hfst usy on
iaefess s,een hundred and sixty four, east o. The
April, sas liver. and until the hrst day OF !aiy,
M~issiPsa PsanS,ed and sixty four, west OF the Mis-
eishfes" .s, 10 fund the same, aud until the pc
sssYrn 4, the places stsiee ehe he'aets VI AL
sodf s"ssnry s notes shall be allowed TO iand tue
i@sa ta registered bonds, fNsa",s msnv sos's , a..
ssFas !" aste bearing interest al the rate oi ioaI
ri ihea' .s, amman, payable ou the first day OF
Taa.ry and july oi sac" se"
''' q 1h. Secretary oi tie Treasury Is hefeey
Sec :. 40 ;.sue the bonds required Tor the fund
ssHs,nyiJrd for In the preceding sscuo', aha u"u'
IRs raa be prepared he may issue ccftthcaies
az bona" ~ nh, o,se. Such honda and certificates
70 sn>".treiyabte without interest in payment OF
saan saane,nmaat ss dues payable IN the year eighteen
81 's1 snd sky four, except export and import
kasies. .o, ,r,s,surv no,es of the denoui-
sc :-of =" one hundred dollars not bearing inter
"s1'g" ,ch sha not be presented Tor iuhaihs dhaef
f Nts,nns of the inst section ut 'lis act, SHALL
iF pr ,fer The LIST day o' Aprti, 1854, east ei
from ane river and the ist day of July. le6i
EAe ,ha Mississippi river, cease 10 be feesiV-
Hts &c wssaest of rubi,c dars, and saio notes,
As' - - nrtsen;ed al that time, snail, IN aahitch
- ,ss os thirty three and "ae- thffa GEMS .'H
fna q
T'stS - ,s mr. cer,l pr snnih Hnti 80 presented,
Nh ewes shall attach 10 said notes wherever
Nsa,sd and shall be deducted from the lace oi
StI. 80. whenever presented Tor payment OF 'os
$40 F,'' 40. said notes shall not be enchangeGbie
i1haat, Issue of Treasury notes provided Tor In
ihsaet a-.., -, .I, sa,d Treasury notes moi fund
nsrt IN payment OF taxes ut ihe oates ana
~ 80 nrescrihrd In the hrst secion OF uhs act,
I'e' gslI he levied ct said dates and places tax
t4' ,brae and one third cents tor every dollar
- ',.rd on the face OF said notes. shid lax Sh'ii
tanb =, said notes wherever circulated ami sAaii
s'ol,scted by ieduciins the same AT tiie ifeasa'
49,, l.p..<jtories. and by the tax cohectcfs, ami Bf
y, fF,,,,rar, ~ officers receiving the same, when
an n,nsrr,.. or payment, or for funding, or Ia
snrnt of Government dues, or i'f postage, or III
fg5S.o,e for rrsT notes as hereinafter pfosiaeo
Ia Treasury nptes shall beiundahlc lii bonds
A" A,;l.d in III. first section OF this act until the
- de- oF January. eighteen hundred and sixty
~ =, he rate OF sixiy-siK and Two thifd cents on
hs La,r And it shall be The duty OF The Secre-
,a,, ~ the Treasury at any lime between the FIRST
,St,,ii east, and tue first of July, eighteen hun
.. iS .S NV four YVES; OF the Mississippi river,
N t 'ho 6T.i of January. eighteen hundred and
H ~. sva N substitute aud exchange new trca-
80, rn,e. for die same, nj The iate of sixty six and
80 ,tir5 cents on the dollar; procdsd, that notes
=" ,br drnnBiuation OF one hundred dollars shall
~, be entitled 10 tie privilege of said exchange
,,r4lel further that the git TO fund any OF said
,,,s.gry notes after first day of January, eighteen
.uudTr aud ciilF- USfs Ii fttfby tdhtH AWAY
,ysyf4 further, that upon all such treasury notes
.n,eb NAV remain outstanding on the first day Of
g,nu,rg eighteen hundred and sixty FIVE, and
rb,rb nav not be exchanged for new treasury
.airs ss herein provided a tax OF Oh. kHndfed per
IN, : hereby imposed
SEC E. That after the ilst d5y Of April next all
antlehy heretofore given to ti,e Secretary of The
Tra.ury 10 issue Treasury Notes shall be, and is
bss,v. revoked Preceded, The Secretary OF the
treasury may after that time, issue new Treasury
aat,s in such forms he may prescribe, payable
Ixtryears after the ratification nt treaty OF peace
s1,h the United States, said new issues 10 be re-
rpyabe in payment Of all public dues except ex-
uou and import duties, and 10 he issued IN eX-
rbnss for old notes al the rate OF two dollars of
me npv for three dollars OF the old Issues whether
,id old notes he surrendered for exchange by the
holders lherpof or be- received into the treasury
pedrf the provisions Of this act and the holders
ofhe new notes or OF the o notes except those of
ii, eareminaon Of one hundred dollars, after
itfy ere reduced 10 sixty six and two thirds Gems
an the dollar, BY The tax aforesaid, may convert
e same into call certificates, bearing interest at
INF rae Of four rer cent. per ahnuni, and payable
two years after the ratification OF treaty of peace
with lDe tniied riates, Unless sooner converted
into new notes.
Sec Il. That to pay the expenses of The Govern
men OF otherwise provided for, The Secretary of
The Treasury IL hereby authorized To issue six
pI cent bonds, to an amount not exceeding hve
haaJred millions Of doars, the primo pal and in
,,fqst whereof shall he free from taxation, and
la iba payment of the Interest thereon, the entire
nett receipts uf aEy export duty hereafter laid on
lr value c all cotton, tobacco, and naval stores,
which shal ha exported rom the Confederate
States and The nett proceeds al the import duties
how laid, much thereof as may be necessary
t0pay annually the Interest, are hereby specially
pledged pr0rllei, that the duties now laid upon
Imports and hereby pledged shall hereafter be paid
nspecie or IN sterling exchange, or ia the coupons
Di said bonds.
See :. That The Secretary of the Treasury is
hereby authorized from tine 10 time, ~ tie wants
Of The ueasury may require it, to sell or hyp0lhe
cate l1t telsua notes said bonds or any part there
Of, upon the best terms be can, 50 as Ia meet ap
HoWai6ns by Congress, and at the same tine
Irduee and restrict the amount OF the circulation
In rdsun u0i"s within reasonable aud safe limits.
SEC 4. The bonds authorized by the sixth see
ton Of this act may be either registered or upon
bonds a. the parties taking them may EJECT, and
ihtY may be exchanged fo- each other under such
regulations as the Secretary OF the Treasury may
pfescnbe fhey shall be for one hundred dollars, |
OF soae multiple OF hund ed dollars and shall,
Ngtlher Win the coupons thereto attached be in
Hutbltm end OF such authentieation as the Secre |
l4fiol the Treasury may prescribe. The interest |
fasl be payable half yearly, on the FIRST day of
sihaify ana July In each year-the principal shall
V layabe hol less than thirty yea sffom tieir date.
sc. J. All call certificates shall be fundabe, |
s-a sht he taxed In all respects, hs Is provided |
~ ,hs Iftasur! hoes, into which they are con |
'iube II not converted before the time fixed for
AAihs ihe Treasury notes, such certificates shall,
"Ym 'hat une bear interest upon only sixty six |
ana "o lhird cents for every dollar promised upon
T TtIi laee, 4hd shall be redeemabie only in new
iVasay notes al that rate; but after The passage
Wis act no call certificates shall be issued until |
@'ff thr hisi day OF kpriI, 1854
~. ihat II any bank Of deposit shall give |
,O,FVs'o's lhe bonds authorized by the lst sec |
- - uiis dct In exchange for their deposits, and
Ys'i 'he same on the bonds by some distinctive
," . ~ token, 10 be agreed upnG with the Secre- |
i Me treasury, then the said de p0sitor shall !
T.Aaueu 10 receive The amount Of said bonds in |
It'. ho'es bearing no intcrest and outstanding |
Nv % passage OF this act: PTOriisd, the said bonds
r,, pssshltd before the privilege OF funding said
pa, shall cease, as herein prescribed.
afp 80 AHdl ai treasury notes heretofore issued
,st ~ ~uenH'haiio6 OF five dollars shall continue |
ylh5 III payment OF public dues, as pro-
So j.? 2? ii", and fandabic at par under the provi- |
ca, u's act, un1ii the Ist day of Jniy, 1854, |
NJ ~ Ns ehii me 1st day Of October 1854, west |
Nl.'ssippi river, bu; after that time they |!
tbbs aa'9e't 10 tax of thirty three and one |
re,f eh's Oh every dollar promised on the face |
ersis sa'a TAX 10 attach 10 said notes wherever |
eh,sa"9t' a"a sail notes TO be fundahle and ex- |
vd+d - 'o' new treasury notes, as herein pro- |
~ saolseI ~ TO the deduction of said tax. |
iee,,sa -, lai any State holding Treasury notes,
b4,s vfe tle time herein fixed for taxing said |
iss saaii be allowed until the IN day of Januarv
Csnid the ssnis In sill per cent. bonds Of the
d. sn.n states. payable twenty years after |
agTs",'ne 'ne ihlefes, payable semi annually. But |
lAt h,sa So, i'tci'eu ny any stale attSF the |
h,a,o m ,u' lashs the same, as aforesaid, shall |
saann, W nave been received diminished by the |
i.e no,a1 - ssid tar. The discrimination between
sc ,tau subject TO the tax and those not so sub
saa ,be . y. 'eit 70 the good faith of each State,
tseh Ga ,iheate ei the Governor thereof shall tn
seafiae I., ", treasury notes heretofore issued.
aay c.t m'''eet al The rate of seven dollars and |
aaii no l"s oh 'he hundred dollars per annum,
ass Tn, osse, D, be received IN payment OF public
IL, Cars,he ssa,. De deemed and considered bonds
s,as of treaty Of peace Win yss's ,ss s,oI'ed
Ae, fars sa,,hg the rate Of Interest specified on
aeA and .sa payable on the first day of January in
aS a'e :. a. That The secre,arv oe ~. T,...