Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1865-03-24
NO. 1891

(No. 1891
A N ACT TO RAISE COIN FOR THE PURPOSE o.
"A FURSIsHING NECESSARY SUPPLIES Poa THE
The Congress of the Confederate State, Of oe,e, q,
enact That in order to procure tho Of purchasn
supplies for the army the Secretary OF the Treasury uB
der the direction OF the President be and be Is hereL,
authorized to borrow from any bank banking company,
corporation association person. any sum or sums IN
CON- not TO exceed three millions of dollas In the aggI
gate and 10 secure the repayment Of any
exceed two years after the ratification of treaty peace
between the Confederate States and the tinted States to
cause to be issued bonds OF Me Confederate States IN
such convenient MAY be agreed upon PAYABLE IN
con and 10 bear interest at the rate OF six per cent per
annum payable semiannualiy In specie; and 10 secuIe
the repayment OF any sum or sums SO borrowed with the
interest thereon the said Secretary further authorized
and empoweredo pledge In such legal form a. NAV 10
agreed Upon any cotton tobacco owned by the Gov
ernment 10 the extent in value of any such loan OIL
tanned or the proceeds thereof when sold convey
such cotton tobacco, any part thereof in absolute
payment Of such loan with the right the part % the
lender CT snch CON- to export transport such cotton
and tobacco beyond the limits of the Confederate State
free iron any moestation the part OF te authorities
of the Confederate States or the payment Of any dut
except to the extent Of oneeghth per cent imposed
BY law, Ia ii F-t - ..l- ..l - 81.
Sec 2, In the event the Secretary of the Treasury
shall not be able at TO obtain coin TO the amount
Of three millions of dollars under the provisions of the
first section Of this act then and IN that event
shall be levied and collected of twenty-five per cent W.,
the amount Of all gold and silver coin gold aE
bulon ann Ofeiqn exchange IN the Confederate States
payable in kind which tax shall be due and collected on
the rst day of April next thereafter as PC.
sble Provided That the above tax shah not be leyed
upon the gold or silver coin gold dust and bullion anh
foreign exchange owned or POSSESSED by any pergon
when the amount 80 owned possessed shall exceei
two hundred dollars in value shall the said tax he
levied gold or silver coin, gold dnst bullion
eign exchange which, within thirty days after the pas
sage OF this act shall be lent TO the government une
the provisions OF the first section Of this act ups
the gold or silver coin gold dust. bullion foreign
change Of any person who has made loan to tle "A
eminent according TO the said 1rst section, Of not
than twenty five per cent Of the gold silver COIN.
dust atul ionlor fogeign exchange owned and po
BY snch person at the time of The passage Of IN
and II any State OF the Confcderscy borTows FROM
bank coin bullion and lends II totho Confederate
ernment the bank that lends such coin or bullion SHAY
be allowed credit against this 10 the xten of sucl
loan: And provided also That the delay OF thirty days
mentioned In this section shall be extended 10 one hun
dred and twenty days for all portions the Conledera
beyond the Mississippi river.
Sec. That the limitation OF three millions Of dollars
expressed in the inst section of this act shall not h.
construed to prohibit the Secretary OF the Treasury oia
receiving greater Offered loans or Gccrur
under this Provided That the tax imlosc
by the provisions Of this act upon gold and rsr
gold and silver bullion gold dust aud foreign e7chsnF,,
when paid the amount thereof loaned inspurslarce
the first and second sections of this act sLa he IN ea
of all other taxes imposed the same articles by o.
other act; Provided further That the tax Of per cent
levied by the second section of this shaibe IL lieu
all other taxes hnposed the article by any Other
act and the tax jnlcsed be- this act all lie assessed
ut the date of the passage OF tAis act. % 't
Approved March IL, 1865. i s- ,...e ,r
true copy:
iI1as 90 ifft.s JAMES ". MATTHEws
mL24-tapl o. gTrfs -t-E = a.a rsls. Law Clerk