The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1866-04-04

War.
(CoRREsPoNDENCE.)
STATE OF NoRTH-CARoLINA,
Treasury Department,
Raleigh, March 10th, 1866.
Hon. Sion H. RoGERs,
Atsorsaey General:
Sir::-The General Assembly, by an
act ratified March 9th, 1866, directed
the Public Treasurer to prepare and sell
bonds for the purpose Of paying due
bonds and coupons on bonds ISSUED
under acts passed prior to May Goth, !
1861"
Glasses of bonds authorized by acts
passed prior to May 2oth, 1861, were
issued since that date, in 1861 and 1862,
as follows:
/. Bonds for the benefit of the Will
mington, Charlotte and Rutherford Rail
Road, $250,00O, authorized by act Of
1853, chap. l6s, and 1860, chap. l42,
dated April 1st, 1861, but actually
issued July 1st, 1861, and Dec. 5th,
1851, payable i'll. New York.
By an ordinance of the Convention,
ratified June 2Sth, 1861, the Public
Treasurer was directed to sign and issue
these bonds for work already done.
2. Bonds in aid of the Wilmington,
Charlotte and Rutherford Rail Road
| Company, authorized by an act of 1860,
chap. l42, s95o,Ooo, issued July lst,
1862, principal aud interest payable in
Raleigh | find no act OF ordinance
passed since May 90, 1861, in regard to
this issue, until Dec. 1865, when the
bonds remaining in the hands of the
said Company OH the lst day of Decem-
Der, 1865, were ordered to be renewed,
and to be made payable in money Of
| the United States" instead of "money
| Of the Confederate States.'
3. S220,0Oo bonds for the benefit of
the Western N. G. Railroad authorized
by an act of 1854, chap. 22s. BY reso-
luton of the General Assembly ratified
Sep. 18th, 1861, the Governor was
directed to instruct the Treasurer to
issue said bonds.
4. 100000 for the benefit of the
Western Railroad Company, authorized
by an act of 1860, chap. 1877. The Gen
eral Assembly by resolution ratified
Aug. oath, 1861, directed the Treasurer
to issue said bonds.
There is another class of Internal I'm
provement bonds issued under the or
dinance of the Convention ratified Jan.
S0th, 1852, for the benefit of the Chat
ham Railroad Company.
, Oc tbo obo,-a ho-5S o1occ . Q on1 4
are payable in Raleigh, in "money ot
the Confederate States of America. y
The coupons are not distinguishable
from coupons Of bonds issued under
) other acts passed during the war They
are payable in Raleigh in "dollars'
without any qualification of that term
Doubts have arisen in regard to my
duties in carrying ont the provisions o
, the said act Of March 9th, 1866, com
monty called the Funding act.
1st Is either, or are all, of the abov,
classes included in the foregoing de
scription of bonds issued under act:
} passed before May 2oth, 1861? II
deciding this question / ask your atten
2 ton to the preamble, which recites fact'
: appearing in the report of Hon. Jonathan
: Worth, late Treasurer, in which repor
: the said classes are enumerated as stand
9 inc on the same footing as ante-wa
: bonds. The act of March 9th, 1856
? cember, 1865.
+ End. Assuming the above classes ar
e included, what is the duty of the Pull
e lie Treasurer in deciding as to the iden
I tity of the coupons? As said before
e the coupons of internal improvement
s bonds, where severed from the bonds
! cannot be distinguished from coupons 0
e other bonds issued during the war.
t 8. BY an ordinance Of the Conver
h tion, entitled "-Aa ordinance .decIari,t
e schat laacs and ordinances are az fore
and fer other purposes, " "all executor
} contracts, solvable in money, whethe
;, under seal or not, made after the d.
IS probation Of said currency before th
d first day of May, eighteen hundred an
e sixty-fve, and yet untitled, Except o
|, fetal bonds and penal bonds payable
II the State,) shall be deemed to hay
/ been made with the understanding ths
!, they were solvable in money of til
E value of the said currency"
y By an act of the General Assembl
y ratified March 18th, 1866, scale of d
le probation is established.
b If you decide it is my duty to issr
y bonds for the coupons of the aboN
ID classes, are they to be scaled, and if S
n must the scaling be according to tt
c. value at the time the bond was issue
lie or when the coupon was payable?
ID | will thank you for an early answ
to the foregoing questions, as it is il
" portant that | should be informed as
r. my duty Immediately.
" Very respectfully,
he KEMP p. BATTLE,
d. Public Treasurer.