The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1864-02-25
OFF7CYAL.

ssAcr 10 Reduce the Currency and to Authorize
ANEW issue of Notes and Bonds
The Co,arss of the Confederate States 81 ATntcH
DO e,.ao, That the holders Of all Treasury notes
n,,ova tie denomination Of 1--WE dollars, not hearing
interest, shall be allowed until the hrst aay OF
April, eighteen hundred and sixty east ei the
clississirpt river, and until the first day OF July,
eighteen hundred aud sixty four, west Of the Wis
si-sippi rver 10 fund the sane, and uniii the Pc
RODS and NJ the places stated the holders OF an
such Treasury rn,es shall he allowed to fund the
same in REGISTERED bends, payable twenty years al
Ter their date bearing Interest al the ri'e OF Jour
per cent per anusiai, pay apie Oh "'e h's' "'y "
January and July Of each year 80
,,c =, ri. Secretary uf the Treasury IL hereby
autho lied tn issue the bonds required for the fund
Ing pfovlde. for in the preceding sscu"h, ao u".'
the bonds can be prepared ne may ,ssuS .,isca,es
IN answer ti,e purpose. Such hchas anu ceiuhca''s
shalt Le ree,iyate without interest IN payment oil
al, Government dues payable In the year eighteen
hundred and sixty four, cHcePi e"f"'' ON" ''"r"''
duties. 80
Sc 2 Tint all Treasury notes Of the denOmi-
nation of one hundred dollars not bearing inter
est w ch shall not be presented ior iu"ai"s ""oi
tie provisions of lhe hfsi seeuo. %, ''i s. ~
from and after the Isl day of April, leof, east Oh
the siississinp river and the Isl day al jury. tcot,
wes; of te Mississippi river, cease !" Dc Ieccls
able in the navmrnt of public dues, and Hau n"S,
If not SO presented Iii that tiHir si'; ~ aoaio"
totbe as Of Thirty three and one third cents IN
passed in the our section of this act, be s,bjeci 10
a tax of len ,sr cent pr month until so presented,
which taxes shall attach to said notes wherever
circulated and shall be deducted from Tie lace "i
said uues whenever presented for payment or Tor
tuntng and said notes shall not BE- c%chahgeao!e
for the new issue of Treasury notes pfo'iu'" ~" !"
! this act.
sltr !. That on all said Treasury notes not innii
ed ar used in payment of taxes ut the oates ana
naccs prescribed In the first section OF tins act
there shah he levied at said dates and places TAX
Of thirty three and one third cents for every dollar
promised Oh the face of said notes said tax shaii
attach 10 said note; wherever circulated, aud Shall
! b., collected by deue,ng the same at the Tieass'
| al Government officers receiving the same, when
.vef p,esente! for pay men, or Tor funding, or In
payment OF Government dues, or tor postage, or ~
exchange Tor new notes aS hereinafter pioNIheu
and said Treasury shall be iuadtbie III bonds
d. provided in the first section OF THIS act uiit e
fist day OF January, eighteen hu dfed aud sixty
five IA the rate Of sixty six and two third cents on
lie iniiar. And it shall be tie dtty ct the Secfe-
ry o the Tre;. gy at any time between the FIRST
OF April, east, and the first OF July, eighteen hun
drpi and sixty four west Of the Mississippi Iiver
and th, FIRST Of January, eighteen hundred and
a;Aty FIVE. to substitute aud exchange new trca
sufy notes for the SAME at The rate o siXt.-six and
two-hrh cents On the dollar; prordet, that notes
a ;fc denomination Of one hundred Go!!ars shall
not he entitled 10 the privilege ri said exchange:
Iy0ctl ;rtaeT, that tic Oh; to !und any OF said
treasury notes after first day nj January, eighteen
un;ise,; and sixty Eve il hereby taken away; All,
p5uri further, that upon all scH treasury notes
which NAV rcruIin outstanding on the FIRST day at
January, eighteen hundred and sixty Ave, and
wi.icl, may uot he exchanged for new treasury
notes herein ptovi' d, 4 tax o! one E&iofcd p
cent. j. hereby imposed
Scc.,5. Fnat after the FIST d5y Of April next all
authority icgcinintc given Ia the Secretary III TIE
Treasury 10 i-sue Treasury notes shall be- and l.
hereby, revoked tfUrj,.t, the Secretary III the
F;easutg may, after thai tine, issue new Treasury
aoirs, such forms Is hc may prescribe, payable
two wears AFTER the ratification at treaty oi peace
with the tn!!CH States, SAID Few issues to he ~
rf ya.ir in ulytucnt ~. all public dues exec III
part a.d import duties, and ~ bc issued in cX
change :ot Old n"ira a. The .aic ~ tw" d"iiars I"
e y,.w for ti:rac nila.s OF the old issues, whether
SAID old nOitS T." SuTr@nd3fe6 tor exchange hy TIE
holders thereof az be- received into The !Tcl>Ily
under the provisions OF This act; ana the holders
of III. .Iv,. notes at the notes except tii1Se of
tac denomination OF one hundred dollars, after
hey are reduced 20 sixty six and two thirds Gems
On the dollar, by the tax aforesaid. may conVet
the same into cal! certificates, b"arin. interest Al
line rate of four yer cPnt per annum, and payable
two wears after the ratification Of treaty CT peace
with the United states, unless sooner converted
M; new notes.
see g. 'ii.ai IL pay the expenses nj III" Govern
urnt no: Otherwise roridrd for the Secretary Of
HE Treasury i hereby authorized to issue six
upg c.n, hnn.ls, 10 an amount not exceeding five
utr"i niil!.6 o.; ns.ar<, the prime ira' and III
,rr.st whereof shall he free from taxation, anh
for line naymen, Ci Inc interest thereon, the entire
nr receipts of my export duty hereafter laid
ti. v;.iun al all COTTON tobacco, ani rava stores
Wiiicn shall bn exported from the Confederate
states. and ;i!e metz proceeds al TIE iinpoi duties
now laid, ni':rh thereof ~ amy be necessary
to pay Annually tie ntases are hereby specially
pe.lgcd j,roci9e that ,i,s duties new ia;d upon
imports ard hereby pledged shall hereafter be paid
in specie. in sterling exchange or in the coupons
; q! said bonds
See :. That the Secretary OF ile Treasury is
hereby authorized from time to tine, the
of TIE treasury i.sy require it, 10 sell 81 hyFoiile
cate iUTteasury notes said bonds OF any part there
oi, uuon tie best terms he can, so rs 10 meet ap-
u:onriati0ns by Congress, and 1T the tit.c
reduce ami restrict jue amount OF the cIFc: alton
in treasury notes within reasonable and safe limits
see; g. The bonds authorized by the sixth
ZION Of hs aci may be either registered or c"0pOh
/ bonds a. the parties taking them may EJECT, and
they may ba exchanged 70, each other under such
regulations az The Secretary III the Treasury may
prt ecfiuc. Tney shall he far one hundred dollar =,
or some multiple o! che lii'udfed dollars and shall,
together with ihe coupons thereto atiaCed, be III
s,,ci, form end OF such aiti.e dtou Us the 5ecre
tafP 81: TIE Treasury may prescribe. The interest
| shall pay able half yearly, on the I:st day Of
January and JIiy ia each year-thr principal shall
he payable not less t!ian thirty yea from their date
| Sc 9. All cali certificates shall ht undable,
ard shat. be taxed III all respects, as Is PROVIDE,
| fnr the HIcasufy n"ies, into which they are cen
yslibie Ii moi converted b,isrG t.ir time fixed nr
,axiAr the 'rfeasasy noles sach certificates shall,
itu.. that iin,e bear interest npon only sixty six
AMI two third cents for every dollar promised upon
| their face, and shall be rcicrnanic only in new
Treasury notcs ut that rate; but after the passaa.
q! This act no call certificates shall be ISSUED until
after The FIRST dag II April, 1864.
SEE. 70. Thai ii any bank of depost sba. give
its dTposiiHTS the bonds authorize by the LIST
ton iiss act in exchange for their deposits, and
S.,rciy ho saa" on the bonds by some distinctive
mark uisHn, Ii be agreed upon with the Sccrc-
tdry al the Treasury, tacu lite said deposition shall
be- entitled h receive tie amount OF said bonds
Teaeur; notes ha. ing 40 interest and outstanding
NJ Ire passage Of th;- act: PTd,td, The said bonls
are presented before the privilege OF funding said
nnias n par shall cease, ~ herein prescribed.
See H. i!!a al Treasury notes heretofore issued
of tic denomination of FIVE dollars shall coM'in,e
| TO l.. rcceyaoio in payH'en: Of public dues as pro
vidrd by law, and tnndtbie par uaicr tie psoyi
~in:S Of this act, auiii The is day Of j,ly, lSJi
east and uaiil the list day at Ccteh"r 1854, Wra,
Of ,i.r Mississippi river, hat arr .it tiai, they
shall be- su"ci io a tax Of thirty three and u.
tii,d rcts on every dollar promised ihe face
thereof SAID - attach TO said notes wherever
cir MATED, and said notes 10 be lundabie and *
ei:irseabic for new treasury notes rs herein pro
vi;ed, SUBJECT % the deduction OF said tax.
See. II That any state holding Treas rv notes
received before the sine herein fixed fer taNin. said
ois< shall be allowed uHiii The i.t day OF January
1860, isIH Ties sa in SIS per Cent bonds uf the
Confederate States. payable twenty years after
date. aud t, iSi,cfest payable semi annually Eut
All Treasury !ne- received by any St1ie after the
lime Gyed inr 2X:ag he same, as aforesaid, stall
H.. held 10 have been received d;mintshPd by the
Amount af said tax. The discrimination between
the nui,s s.bject to the tax ana those not sub
ieci, shall be- left 10 the good ail %! eaci. State
and the certificate OF the Governor thereof shall in
each ease be conclusive
See, IL. chat Treasury notes heretofore issued
brat;rs interest the rate of seven dollars and
ibi,fy cents on the hundred dollars per annHt,i,
shall no longer lac received IN payment u; public
e.ure, but shall be deemed and Considered bonds
OF the Conf siefate states, payable two years after
i ratification OF treaty oi peace with the United
states. bearing the rate OF interest specified on
tirlr face, Ray able on ii'. ufst day oil January III
each and every year.
See. IA. That The secretary OF the Treasury be,
and he is hereby authorized in The eyieeneies