Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1864-02-24
payable not less than thirty years from thei,

payable not less tnan tnlrty years iroW 'no'i
date. .
8. All call certificates shall be fundable,
and shall be taxed in all respects, as is pro-
vided for the Treasury notes, into which
they are convertible. If not converted be-
fore the time fixed for taking the Treasury
notes, such certificates shall, from that time,
bear interest upon only sixty.six and two.
third cents for every dollar promised upon
their face, and shall be rsdeemable only in
now Treasury notes at that rate, but after
the passage of this act, no call certificates
shall be issued until after the LIST day of
April, 1864.
10. That if any bank of deposit shall
give its depositors the bonds authorized by
the 1st section of this act in exchange for
their deposits, and specify the same on the
bonds by some distinctive mark or token,
to be agreed upon with the Secretary of the
Treasury, then the said depositor 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. -.
II. That all Treasury notes heretofore
issued of the denomination of five dollars
shall continue to be receivable in payment
of public dues, as provided by law, and
fundablo at par under the provisions of this
act, until the 1st Of July, 1864, east, and
until the LIST Of October, 1864, west of the
Mississippi, but after. that time they shall
be subject to tax of thirty.three cents on
every dollar promised on the face thereof,
said tax to attach to said notes wherever
circulated, and said notes to be fundabie
and exchangeable for new Treasury notes,
as he.ein provided, subject to the deduction
of said tax.
IL. That any State holding treasury
notes, received before the times herein fixed
for taxing said notes, shall be allowed until
the 1st day of January 1865, to fund the
same in six per cent bonds of the Confed-
crate States payable twenty years after date,
and the interest payable semi-annually.-
But all treasury notes received by any State
after the time fixed for taxing the same,
as aforesaid, shall be held to have been d.
minished by the amount of said tax. The
discrimination between the notes subject to
the tax and those not subject shall be left
to the good faith Of each State, and the
certificate of the Governor thereof shall in
each case be conclusive.
13. That treasury notes heretofore issued,
bearing interest at the rate of seven dollars
and thirty cents on the hundred dollars
per annum, shall no longer be received in
payment of public dues but shalt be deem
ed and considered bonds of the Confederate
States, payablestwo years after ratification
of a,treaty of peace with, the United States
bearing the rate Of interest specified on their
face, payable on the LIST January in each and
every year.
IA. That the Secretary of the Treasury
be, and he is authorized in case the exigen.
cies of the Government should require it, to
pay the demand of any public creditor
whose debt maybe contracted after the pas
sage of this act, willing to receive the same
in certificate of Indebtedness to be issued
by said Secretary in such form as he may
deem proper, payable two years after rati-
fcation of treaty Of peace with the United
States, bearing interest at the rate of six
per cent. per annum, payable semi-annually,
aud transferable only by special endorse
ment under regulations to be prescribed by
the Secretary of the Treasury, and said
certificates shall be exempt from taxation
in principal and interest.
Is. The Secretary of the Treasury is au-
thorized to increase the number of deposi.
tories so as to meet the requirements of this
act, and with that view to employ such Of
the banks of the several States as he may
deem expedient.
16. The Secretary of tho Treasury shall
forthwith advertise this act in such newspa-
pers 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 it
to be published in general orders for the
information of the army and navy.
II. The AID section of the act for the
assessment and collection of taxes approved
May 1st, 1868, is hereby repealed.
Is. The Secretary of the Treasury is here
by authorized and required, upon the ap-
plication of the holder of any call certificate
which by the 1st section Of the act "to
provide for the funding and further issue
of Treasury notes." approved March 23d,
1853, was required to be "thereafter deem.
ed to be bond"--to issue to such holder
bond therefor upon the terms provided
by said act.
NEW GROUND OF EXEMPTIoN.-The
Sumter Watchman vouches for the genu.
ineness of the following document. 1t was
l. oG.., onJ 80