The daily Chattanooga rebel. [volume] (Griffin, Ga.) 1864-1865, 1864-07-19

Char. LXm.-AG Act to reduce the currency and
to authorize a new issue Of notes and bonds
The Congress afthe Confederate States of Amer
!ca do enact, That the holders of all treasury
notes above the denomination of five dollars, not
bearing interest, shall be allowed until the first
day of April, eighteen hundred and sixty four,
east of the Mississippi river and until the first day
Of July, eighteen hundred and siXty.four, west OF
the Mississippi river to fund the same; and until
the periods and at the places stated, the holders
Of all such treasury notes shall be allowed TO fund
the same in registered bonds, payable twenty
years after their date bearing interest at the rate
of four per cent. per annum, payable on the first
day ofJmuury and July Of each year
SEC. .. The Secretary of the Treasury is here
by authorized to issue the bonds required for the
funding provided for in the preceding section, and
until the bonds can be prepared, he may issue GER
tifcutcs 10 answer the purpose. Such bonds and
certificates shall be recGyable without interest, in
payment of all Government dues payable in the
wear eighteen hundred and siXty-tOur, except eX-
port and import duties
SEC g. That all treasury notes of the denomina-
tion of one hundred dollars, not bearing interest,
which shalno be presented for funding under the
provisions of the first section Of this act, shall,
from and after the first day of April, eighteen
hundred and sXty-tOur east Of the Mississippi
river aud the first day Of July, eighteen hundred
and svty-four west of the Mississippi river, cease
said notes. if not so presented at that time, shall,
i'm addition TO the tax of thirtythrce and onethird
cents, imposed in the fourth section Of this act
be subject to tax often per cent. per month until
so presented which taxes shall attach to said
notes wherever circulated, and shall be deducted
from the face of said notes whenever presented
for puvmcnt or for funding, and said notes shall
not be cxchangeablc for the new issue OF treasury
notes provided for in this act.
SEC 4 That on all said treasury notes not funded
or used in payment of taxes at the dates aud pa-
ces proscrbcdn the first section Of this act there
shall be levied at said dates and places tax of
thirty-thrcc and OnC-third cents for every dollar
promised on the face of said notes. Said tax shah
attach TO said notes wherever circulated aud shall
be collected by dcduchng the same at the Trcasu-
ry. its repositories and by the tax collectors and
by all Government officers receiving the same,
whenever presented for payment or for funding,
or i'm payment of Government dues, or fOrpostage,
or in exchange for new notes, as hereinafter pro
ydCd and said treasury notes shall be iundabc
i'm bonds. as provided in the first section of this
act. until the first day OF January, eighteen hun
dred and siXty-hvc, at the rate Of sixtRSix aud
two.thrd cents ON the dollar. Aud it shai be tie
duty Of the Secretary of the Treasury at any time
between the first of April east, aud the first July,
eighteen hundred and slXty-tOur, west ol ihc Mis-
,is,ippi river and the irs. Of January, eighteen
hundred and sixty-lvc, to substitute ana exchange
new treasury notes for the same, at the rate OF
siSt,-siN and two-third cents ON the dollar Pro
udcd, That notes Of the denomination OF Que