Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1865-01-19
THE NEW CURRENCY BILL.

Ih 5s Eon Is sepy Of the rev CsrTsDey BIN .sc
ssturdsv' Dscembsr' III 0s oec'0ed vote Oh
"A Bill be entitled An Act 70 provide more easo.
tusy fer soe reduction and redemption Of tbs Curren
Wheress the recovery Of the currency from depre
payment ip full would inesti1aabe ben+dt TO both
9overnm ~ and cz-.s; and 90 msass for acc"'spsh
-iou. and to pledge the public f.i.h only any
addition 10 tile amouat of the currency su'h rEsd
part ,h-reof s.d % the Of an ample
fund for redesnng thu resdas be osa 90 that
fore - = =
section l. The Congress Of the Confederate States of
America do ersct. hrreaer and un: lie fall REDEEM ton
the Confederate Treasury eu.saDding
and Of such authorized b. sx-d s.s to be uet
the said those ss1ed prior the
day OF February, 1854 Aha be free fn ~ taxation what.
ever. .. ---.
nctes uay eccivsd sto the Treasury In meot o
taxee shall b. 'her-upon cancelled ut the am>u1t out
standing eha have REDUCED to ban lred ard hy
millions of dollsr'
Erection s. Uoon declaration OF peace between the
Coufeder.te stats aud the urica the tithe
received b. the Gcv ramenr Of the annual
in he ratio OF four nth~ Of cotton Of
and ninth Of ~hea shall be applied 10 the
shah DO redese The tl;ho OF cotton beae vsued At nfy
cents pound, of at two do lara bushs and OF
the Gove, Shipping ports in the auch
OF tie States be selected by the Secretary
Of the Treasury: Provided however Thatho tthe aore
said thereof by the consent the part
entitled to receive the delivered else where than
ba delivered under he authority Of this Act shan equal
Gotten held middliug cotton in the psrss where
such cotton may be delivered.
section l. That all and psrts of in force
providing er the and collection OF the ta1 IN
re ed and shall continue in force until all Treasury
notes or authorized to be jssn.d by An Act TO
duce the and to a,thorxs new issue of note,
and bonds February 49, 1854 shalt have been
der this CT ratification peace shall
receive compensation by credit otherw for the then
market value of any ,ttop wheat delivered
with other payers the market vaue To bs
the time of its delivery in the mode prescrib by law.
"secion 5. ThA holders of Treas Try idesiriag
receive the thes 4ioresa in aymeA thereof, shall con-
ver the into Treasury certificates bearlDg inter
est six per cent. per which shall be s ned by
the Secretary of the Treasury in exchange SAID
aud rha express Oh heir tGc4 the OF CO for which they
are intended the holders OF which said certificates shall
be entitled 10 receive therefor in the tthes a0re'
said at the rate OF one hlh OF the amount nuay Pro
vded, however that than III of the amount OF
Ihes cue 1or any sncn ceracaes' or me *noe o sesn
ount may be paid Ia any year, at Inc eecnon .ne
secretary OF the Treasury; Provided, That es
redeemed IN lieu OF the certhostss authorized oy tns G'
cat"s shall be divided into tso classes, to be dos" mated
ART the year 1865 hall of the first cp.s.
and shall be c0tton at forty cents per por d
three dollars per bush Provid ed however That holders
OF Treasury notes living in the Trans AissssiPpi Depart
mont shall be allowed two months additional to coavert
their Treasury certificates of the first class
Certificates Issued sube q1ent TO the six and eight
OF said shall be of The second cass, and shall be re-
dollars hushei and wheat at four do la per bushe
kind shall be permitted satisfy the by payment OF
such certificate as aforesaid.
Secion T. Certificates ssus under the authority of this
Act shall be in he follow ing pro ortions, to wt four
nIrt1 in separate certificate payable ii cotton four
nnths payable in Gorn and onennth payable in wheat
but less than forty dol its multi shs
bs into Treasury certificates where the sum is
under rine hundred dollars
"Bnt he amount to be made payable the f=ce of each
certificate, tho converted into Treasury cert
Gates than nine hundred dollars shall be such hs
the Secretary of the Treasury sha judge to bs suits
and convenient for the purposes Of this which sale
cert shall be signAbs in writing in such form and
with such as the Secretary OF the Treasury
nSy prescribe.
Seooue. The public faith is hereby pledged TO the
mmutabe observance Ct the prosi0ns herein above con
taned to the collection ct the tax wheat corn ant
in kind aud the application thereof as aforesaid
ut the redemption OF tbs currency as above provided
ahalI have been completed.
5ecton 2. This shal be in force from the passing
thereof