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CONFEDEEATK STATES OF AMEKICA, 
 Treasury Depaktment, 
 
 liichuioml, Aiigtist 22</, 18()1. 
 
 The Congress of the Confcderiite Slates liiis authorized the Secretary of the Treasury to issue Bonds to an extent not 
 exceeding: one hundred millions of dollars for the purpose of funding its Treasury Notes and for making exchanges for the 
 proceeds of the sale of raw produce and manufactured articles, anil the jiurchase of specie and of military stores. 
 
 I'lider the authority of a previous Act the Secretary appointed Commissioners, resident in different sections of the 
 several States, to solicit in advance from planters, manufacturers and others, subscriptions of the proceeds of the sale of 
 their crops and other branches of industry, to be paid for in Bonds of the Confederate States. 
 
 To the patriotic and zealous efforts of these Commissioners, no less than to the lofty patriotism of the people, the 
 fiovernmcnt is indebted for an asgrejiate subscription which reaches already many millions of dollars. The liberality of 
 every class of the community has been evinced. The cotton, the rice, the tobacco and the susrar planters have vied with 
 each other, and in tlie first named staple alone the subscriiilion in several of the States reaches from one-third to one-half 
 of the entire crop. 
 
 It is not proposed, as has been frei|Uiutly explained, to interfere with the usual and customary arrangements of planters 
 and others in making sale of their produce, 'fhis is not necessary. It is only asked that each individual shall indicate in 
 advance the projiortiou of the same which he is willing to snbs<ribe, the time and place of delivery, tlie factor or merchant 
 in whose hands it is to be placed for sale, and who is authorized to pay over the ])roceeds and receive in exchange Confede- 
 rate ]$onds. These Bonds carry interest of eight per cent., payable semi-annually, and arc not to be issued of less denomi- 
 nation than one hundred dollars, except where the siibscription is for a less amount, when the limit is fixed at fifty dollars. 
 The payment of the principal and interest of the Bonds is secured, as will be perceived, by special -\ct of Congress. 
 
 The agricultural and manufacturing interests which have now the opportunity of contributing to the wants and 
 sustaining the credit of the (iovernment, were not in condition to make cash subscriptions to the loan previously authorized. 
 Their surplus capital was already invested, aud their command of resources, in the nature of things, was mainly to be 
 looked for in the future. Upon such future resources they are authorized safely to draw, and the investment proposed, 
 aside from its claims on the score of jjatriotism, may be regarded altogether as advantageous and as safe as any other 
 business transaction. 
 
 The time of sale referred to in the cajition of the lists which are sent out, is intended to indicate the usual date at which 
 the crop is brought to market, and will of course be subject to those considerations of mutual interest which would postpone 
 a sale where the property would be sacrificed. 
 
 Special agents have been appointed, or will be appointed, in every County and District of the South. They will be 
 furnished with subscription lists, and rei|Uested to bring tlie subject before their fellow-citizens in every proper manner, by 
 personal ajipeals. public adtlrcsses or through the instrumentality of the press. The results of their labors will be com- 
 municated from time to time to this Department, and it ix ni/uented that (iijents will endorm vjion the li-itx the name of the 
 VottojUre, County and State to trhieh they helorxj. 
 
 The sections of the several Acts of Congress wliich relate to the subject of the loan are herewith annexed. 
 
 C, (i. .MKMMlNtiER, Seentary oj the Trea.'oiry. 
 
 AX ACT to authori/.e a loan, and Issue of Treasury notes, and prescribe Die punishment for forging; the same, and for forging Certificates of Stoclis and Bonds. 
 Seciion 1. Tbe Conirress of die Confederate States of America do enact, That the Secretary of the Treasury may. with tlie assent of tlie President of the Confederate 
 States, Issue tifly millloDS of dollars in bonda, payable at tiie expiration of twenty years Irom their date, and bearing' a rate of interest not exceeding eight per cent, per 
 annum until they become payaiile, the said interest to be paid semt-aonually The said bonds, after public advertisement in three newspapers within the Confederate 
 States for six weelts, to be sold for stiecle, military stores, or for the proceeds of sales of raw produce or manufactured articles, to be paid in specie or liills of exchange 
 In such a manner aid under such regulati-ms as may be prescribed by the Secretary of the Treasury, to report at its nest ensulrg session to the Congress of the Confede- 
 rate Stales a precise statement of his transactions under this law. Nor shall the said bonds be issueil In fractional parts of the hundred, or be exchanged by the said 
 Secretary lor Treasury notes, or the notes of any bond, corporation or Individual, but only in the manner here n prescribed ; Provided, That nothing herein contained 
 shall be so construed as to prevent the Secretary of the Treasury from receiving foreign bills of exchange In payment of these bonds. (Act May 1S61.) 
 
 A Bill to be entitled an Act to authorise tiie issue of Treasury notes, and to provide a War Tax for their redemption. 
 
 Sun rox 1. The Congress of the Confederate States of America do enact, That the Secretary of the Treasury be, and he is hereby, authorized, from time to time, as the 
 pnblic necessltle- may require, to issue Treasury notes, payable to bearer, at the expiration of six monttis after the ratitication of a Treaty of Peace between the Confede- 
 rate States and the United frtates; The said notes to he of any denomination not less than live dollars, and to be re-issuable at pleasure, until the same are payable ; but 
 the whole Issue outstanding at one time, including the amount issued under former .\ct5, sliall not exceed one hundred millions of dollars ; tiie said notes shall be receiva- 
 ble In pavmeot of the war tax hereloalter provided, and of all other public dues, except the export dut.v on cotton, and shall also be received In payment of the subscrip- 
 tions of tlie nelt proceeds of sales of raw prorluce and manufactured articles. 
 
 Ski:, "i That for the purpf se of funding the said notes, and for making exetiange for the proceeds oftlie sale of raw produce and manufactured articles, or for the 
 purchase of specie or milltHry stores, the Secretary of the Treasury, with assent of the I risidtiit, is authoiizeil to lesue bonds, payable not more than twenty years after 
 dale, and bearing a rate of iiittresi not exceeding eluht per centum per annum nntil they become payable, the interest to be l>aid seiui-annually ; tbe said bonds not to 
 excoed in the whole one hundred millions of dollars, and to be deemed a substitute for thirty millions of the bonds authorized to be issued by the act approved May 16, 
 ISftl; and this act s to be decin^d a revocation of the authority to Issue the said thirty millions. The said bonds shall nol be Issued In less sums than rue hundred dollars, 
 nor in fractional part« of a hun>lrcd, except when the subscription Is less than one hundred dollars, the said bonds may h-*, issued in sums of fifty dollars. They may be 
 jold for specie, military ami nival stores, or for the proceeds of raw jiroduce and maniif tctured a»ticles,in the same manner as Is provided by the act aforesaid; and 
 whenever subscriptions of tlie same have been, or shall be made payable at a particular dale, th* Secretary of the Trtatiiry shall /laM /loirer to extend th-e lime of' mle 
 until fiit<Jt fitife >ri tie kh^ilt fee/ii to tn'/liuti'. 
 
 Sm:. 4. That for the special purpose of paying the principal and interest of the public debt, and of supportingthe flovernment, a war lax shall he assessed and levied 
 of flfly cents upon cacli bundred dollars in value of Ujc following property, etc., etc. (Act August, isijl.) 
 
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