Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1865-03-25

[No. lS9
A y ACT TO RAISE COIN FOR THE PURPOSE OF
ARM 80
The Congress of the Confederate States of America DO
enact That Ia order to procure the OF purchasing
supplies the army the Secretary the Tea -ury IN.
der the direction OF the President be and be hereby
authorized to ecnOw fiom any bank banking company.
corporation. association or peIson any sums
coin not to exceed thee millions OF dollars in the aege.
gate, ana 10 SECURE the repayment ct any OF sums
borrowed at such time may he agreed upon not To
exceed after the ratification OF treaty peace
between the Confederate states and the United STATES
to be issued bonds of the Confederate States IN
such convenient sums as may be agreed upon payable
and 10 bear interest at the of six per cent per
annum payable seni-annaay in specie; and TO secure
the payment Of am 50 borrowed with The
interest thereon the said Secretary be further authorized
and empowered 70 pledge in such legal oYm may be
agreed upon any cotton tobacco owned BIZ the Gov
eInment the extent IN value of any such loan so Oh
ainel the proceeds thereof when Sold or 10 convey
such cotton tobacco anv part thereof in absolute
payment OF s1oh oad with the right the part OF the
lender 81 such coin, to export transport such cotton
and tobacco beyond the limits of the Confederate States
free t2m any moestaton the part Of the authorities
of onfederae States, the pay Inent of auy duty
except to the extent OF oneeigth per cent. npOse1
by law.
sec. . In the event the Secretary of the Treasury
shall not be abie at to obtain coin the amount
Of three millions of dollars, under tie provisions Of tie
first section of this act then and In that event tax
shall be levied ami collected Of twenty-five per up.
on the amount OF s gold aud silver coin gold dust and
bullion hn1 oiegr exchange in the Confederate States,
pdyss in kind which tax zhan be due and collected on
the rst day OF April peXt thereafter pos
sble Provided That the above tax shall not be levied
upon tho gold silver COIN gold dust and bullion and
la sigR exchange owned CT possessed by any pflsOn
when the amount 80 owned possessed shall exceed
two hundred dollars in value nor .iall the said tax be
levied gold silver coin gold dst bullion or for
cgn exchange which within thirty days after the pas.
Of this act shall he lent u the government under
the provisions of the first section of this Nor upon
the gold silver coin gold dust bullion foreign ex.
change OF any person who has made loan tie gov
eminent according 10 the sad first section of not
than twenty-five per cent of the gold silver coin gold
dust sbulionIor oreg exchange owned and posses ed
b such person The time OF the passage OF This act
and If any State of the Confoaeracy borrOws ou any
bank coin bullion and lends IL the Confederate row
eminent the bank that lends sue coin or bull:oa shall
be allowed credit against this tax TO the extent g srh
loan And provided also, That the delay of thirty DAYS
mentioned in ts section, shall he extended TO one hun.
rd ana twenty days for a portions of tie COniederacy
beyond the Mississippi river.
See. That the Limitation Of three millions Of dollars
expressed in the first section of this shall not
construed 10 prohibit the Secretary of tie Treasury from
,eceiyng greater amount offered loans or accrring
taxes under this act Provided That the tag impose
by the provisions of this act upon gold aud silver coin
gold and silver balloon gold dust aud foreign exchange
when paid the amouat thereof loaned in pursuance
the first and second sections OF This act shall be IL lea
Of all other lakes imposed pa tie sDne articles lay a
other act Provided fnrtheE That the tax OF 20 er ceu
levied By the second section of this act shan he Ia lieu OF
all other taxes imposed the same article by any Other
! at tie date Of the passage OF ths ae7
Approved March IL, 1865,
A true copy; 9~' 90" y
LINES NJ MATTHEW'S