The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1865-03-23
THE GOLD BILL.

The following act to raise coin for tn
purpose of furnishing necessary supple
for the army was passed by Congress il
secret session; and, the Presiden
having approved it on the 18th instant
the Injunction of secresy was removed
1t will be found of much interest:
GAN ACT TO RAISE COIN PoR THE PURPOSE OF FUR
AisnISa NECESSARY SUPPLIES FOR THE ARMY.
"7he Congress Of the Confederate States Of Ame
Ttcd DO enact, That, Ill order to procure the mean
VI purchasing supplies for the army, the Secretary
OF the Treasury, under the direction of the Presi
dent, be, and he is helrby, authorized to borrow
from any bank, banking company, corporation, as
foaauon, or person, any sum or sums in coir
Hot 10 exceed three millions of dollars in the ag.
glegate; and to secure the repayment of any sun
VI sums 80 borrowed, at such time may be agreed
uon not to exceed two years ftert the ratification Of
treaty Of peace between the Confederate States
and the United States, to be issued bonds OF
lie confederate States, in such convenient sums as
may oe agreed upon, payable in coin, and to bear
interest," at the rate OF six per cent. per annum,
payable semi-annually in specie; and to secure the
.sspay,heht q, any sum or sums so borrowed, with
We interest thereon, the said Secretary be further
authorized and empowered to pledge, in such legal
oi'h Us may be agreed upon, any cotton or tobacco
o"Aed by the Government, to the extent in value
oi any such loan SO obtained, or the proceed,
.neFeol when sold, or to convey such cotton and
'ooacco, or any part thereof, in absolute payment
u huch loan, with the right on the part Of the
render OF such coin to export transport such cot
.ol ana tobacco beyond the limits of the Confede-
.a'e STATES Tree from any moleStation on the part
VI the authorities Of the Confederate States or the
payment OF any duty, except to the extent Of one
een.h per cent. now imposed By law.
Tra shnIioS =; In the event the secretary OF the
hall a<,& - ~
Tue amount Of three millions Of dollars under the
PROVISIONS OF the first section Of this act, then
"-u IN That event, q tax shall be levied and col.
4.eled OF twenty-five per cent. upon the amount
an gold and silver coin, gold dust and bullion and
;'9eh exchange In the Confederate States payable
~ 1iAd, which tax shall be due and collected on
~ 81 DAY Of April next, az soon thereafter o.
{o.soie Froeided, That the above tax shall not
huIa upon the gold or silver coin gold dust and
tSunion' and foreign exchange owned or possessed
.! any person when the amount 50 owned or DOS.
10y Shall not exceed two hundred dollars in
nor shall the said tax be levied ON gold ,r
vheh com gold dust, bullion or foreign exchange
"ncn Within thirty days after the passage of Tins
ac shall be lent 20 the Goyernm-n nnder the nro.
h 'o JUS o. the first section of this act Nor upon
eu.a or silver CON- gold dust, bullion or foreign
,hs C a1s oi any person who has made loan to
q No, ,s according to the I'd first section,
NV o' res than twenty- per cent of the gold OF
com gold dust, bullion or foreign exchange
ina ahd possessed by such person at the time O.
car passase Of this act; and il any State Of the
lon 'euelaey borrows from any bank coin or bull.
tIa ana lends it to the Confederate Government.
sIos uank Nat lends such coin or bullion shall be
rsh ~ credit against this tax to the extent OF
,iS, .osn And, provide1 also, That the DELAY Of
knJsd mentioned In this section, shall be ex-
tons ~ ons hundred and twenty days for all por-
hver. '@e1scy beyond the Mississippi
lo,s - J. That the limitation Of three mil.
this ss4 .S a. expressed in the first section Of
cr.tsrr xaSu not be construed to prohibit tie &C.
amount ., a me Treasury from receiving greater
this act = loans or accruing on taxes under
and Siva. OF this act upon gold and silver coin. gold
when MA oanon, gold dust, and foreign exchange
susnat ~ or the amount thereof loaned IN Dur.
s h +; .nS nfst and second sections Of this 1t,
7" ae8 y ~ etaes taxes tmpossd e. the