Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1865-03-28
81 -. TREASURY DEPARTMENT, C. s. Al
Richmond March 90 1867 !
TO TIE HAMS AND PRIVATE

II CAPlI.S.lSIS IN The CONfEDEkATftSl Alfs'.-
by act Of Congress approved March H. 1863 entitled
An act 10 rase coin for the purpose OF furnishing ne
cessaiy supplies for the array" Il r. proeided-- fi
That the Secretary of the Treasury shall borrow the
sum OF three millions OF dollars, in CON- on the terms
therein set fort \. ...
2. Thatin ease Of failure to borrow the sum above
named tax of twenty per cent shall be lev ed
upon tile amount OF all gold and silver coin, gold dust
nal bullion and foreign exchange in the Confederate
States payable in kind and TO be collected on the ist
April prOXimo, or soon thereafter as possible.
COPY Of the act il annexed the more clearly tn
hib the Intention and application thereof and the mi.
tatons and conditions by which it, provisions are
trolled notified The leading features are those set
forth above by which il viii be seen that the rst OBJ
ject is 10 Obtain loan OF S3OVOOC and that this OBJ
iect being accomplished the ta eycd under the second
section Is not 10 be enforced or collected. .,
The purpose OF this rcdar is 10 call the attention OF
those concerned To the operation OF the law and invite
prompt and acered to the OF
the loan. Under the authority vested in Inc By theact
propose 10 lypohecate $1,000 bales OF Government cotton
collateral security for The required At the Gov.
enment price 10 cents per pound givng the privilege
OF eXpOtaton the security ill be % per cent In
of the loan. In order give every advantage 10 the
promote the speedy return OF their money
with fair opportunity profit those, who elect to take
cotton al once ia payment shall receive The same nj the
rate of 10 cents per pound with the right OF eXpoHaton
free al riiiOns and conditions except the duty
OF lS per cent per pound The cotton Wi be delivered
in Georgia Alabama Mississippi the option of the
lender, and place eieni Tor the exploitation
thereof.
institutions and persons liable to the tax imposed by the
loan, r-uc"d 20 communicate their decision 10 TIN,
Department without delay stating the sum offered and
designating tn depository at which 1t viii be- conYenici
Cor them 20 uske payment at the same Prompt oetpn
respectfully feucstcd in order that the coection OF the
TAX may sfrstei the required should b.
G. A. TRENHOLM :.
mli24-tAl Secretary Of Treasury.
NAcT TO RAISE. G SSi io FOR THE PURPOSE or
n FURNISHING NECESSARY SUPPLIES FOR THE
ARMY. .-
The Congress of the Confederate States of America 90
enact That order to procure the meas OF purchasing
supplies tie amy, the secretary OF the Treasury
der the direction Of the President, be and he hereby
horiZed O. borrow fIom any bank, banking COM any,
corporation association person, any sum sums in
coin not to exceed thee millions Of dollars IN the agge-
gate and 10 the repayment Of any sums
borrowed ri such time may be agreed upon, not
exceed years after the ratification OF treaty OF peace
the Confederate States and the nted States to
cause to be issued bonds Of the Confederate Stale, ia
-Hch convenient as may be agreed upon payable in
coin and bear interest at the rate Of per cent per
annun, payable semannually in specie; and TO secuIe
the Tcpa OF any or sums bUtOWeI NIt the
interest thereon the said Secretary be further authorized
and empowered pledge in such legal form a. may he
agreed np0n any cotton tobacco owned by the Gov
eminent the extent in value of any such loan OBJ
tsne the proceeds thereof when sold, 90 convey
,cb cotton or tobacco, or any part teIe" IN absolute
ia OF aich loan with the right the part OF the
lender ofsuch coin, to export transport such cotton
and tobacco Uuj ond the limits OF the Confederate States
flee from any noesation the part OF the authorities
of the Confederate States the payment OF any duty,
Except 10 tae extent Of oneeghth per cent now impose
Sec: q IN the event the Secretary of the Treasury
shall not De able to obtain coin 10 the amount
Of three millions of dollars under the provisions Of the
first Sc ton of this act, then ami in that event
shall be levied AMI collected OF twenty-five per cent. up
on the OF all gold and silver coin gold dust am
bullion and foreign exchange in the Confederate states,
PAYABLE in kind which shall be due and collected
ibe first day Of April hext as soon thereafter as pos
sibr Provided That the above tax shall not e levied
mon the gold o. silver coin gold dust and bullion and
fnfeign exchange owned possessed by any person
when the Owned or possessed shall not exceed
two hundred dollars in value nor shall the SAID lax lie
levied gold silver coin gold dust bullion for
egn exchange which within tnty days after the pas
oil this act shall be lent to the government under
the provisions OF the st section of This act Nsr upon
the gold silver COin gold dust bullion ar foreign eT-
change of any person who has ma dc loan TO tie gov
eiBntnt according 10 the sa first section a not less
twenty-five per cent OF the gold OF silver coin god
dust buiOGlor foIngn exchange owned and possessed
By such person AZ tie time OF the passage Of this act
and II any STATE OF the Contederacy borows from any
bank coin bullion aud lends il TO the Confederate gov
elnmen the bank that lends sHch coin or bullion shall
be allowed credit aganst this 10 The extent of sucl
loan And provided also, That the delay of thirty day
mentioned in this section shall he extended to hun
dIcand twenty DAYS for all portions OF the Couiederhes
| be Ond the Mississippi river.
az expressed In the first section Of this act shall not he
construed prohibit the Secretary OF the Treasury from
receiving greater amount offered az loans on accrning
on IA Ges nader his act Provided That tie imposed
by tie provisions Of this npon gold and silver com
gold and silver bullion, gold dust aud foreign exchange
hen paid or the amount thereof loaned IN pursuance u
the first and second sections q this aCt shall be in lea
OF all other Xes imposed tie articles by ans
other act Provided further That the tax Of per cent.
levied by the second section OF this act shall oe IN lieu OF
an other taxes imposed on the article by any other
act and the tax imposed by this act shall be assessed as
| at the date of the passage Ofthis act.
Approved March n, 1868
true cory
JANEs'N. MATTHEWS.
mh24--tap1 Law CLERK.
TLn I,ank of Yircnia viii raieem its circn