Duke University Libraries 
 
 A bill to be en 
 Conf Pam #238 
 
[HoUil OF REPBBSSHTATITRi, N«. 183.] 
 
 HOUSH OP REPRESENTATIVES, Nov. 9th, 1864.— Read 
 Urst and second times and referred to Committee of Ways aid 
 Means. Jan. l8th, 1865.— Ordered to be printed. 
 
 [Bj Mr- Russell. 
 
 A BILL 
 
 To be entitled An Act to consolidate the public debt. 
 
 1 The Congress of the Confederate States of America do enact, 
 
 2 That 80 much of the sixth section of the Act approved February 
 
 3 l7th, 1864, entitled "An Act to reduce the currency and to au- 
 
 4 thorizo a new issue of notes and bonds," as provides that the 
 
 5 amount of bonds to be issued under that section shall not ex- 
 C cced five hundred millions of dollars, is hereby repealed, and 
 
 7 the amount of bonds to be issued under that section shall not 
 
 8 exceed one thousand millions of dollars. 
 
 1 Sac. 2. An amount of the bonds aforesaid not exceeding fire 
 
 2 kundred millions of dollars (and being part of the one thousand 
 
 3 millions so authorized) may be issued for the purpose of making 
 
 4 the exchangeB hereinafter authorized to be made, and not mor« 
 
 5 than five hundred millions of dollars thereof shall be issued for 
 
 6 other purposes. 
 
 1 Sec. 3. Bonds and other interest bearing securities of th« 
 
 2 Confederate States may be exchanged at the treasury for bondt 
 
 3 to be issued as aforesaid as follows: 
 
2 
 
 4 I. Those issued in the year eighteen hundred and sixty-one at 
 
 5 the rate of one dollar of the principal thereof for one dollar of 
 
 6 the bonds to be issued : 
 
 7 II. Those isstted in the year eighteen hundred and sixty-two 
 
 8 at the rate of four dollars of the principal thereof for three dol- 
 
 9 lars of the bonds to be issued : 
 
 10 III. Those issued in the year eighteen hundred and sixty-three 
 
 11. at the rate of two dollars of the principal thereof for one dol- 
 
 12 lar of the bonds to be issued : 
 
 13 IV. Those issued in the year eighteen hundred aad sixty-four 
 
 14 at the rate of four dollars of the principal thereof for one dol- 
 
 15 lar of the bonds to be issued. 
 
 1 Sec. 4. Treasury notes issued according to said Act of Febni- 
 
 2 ary 17, 1864, may be exchanged in like manner for the bonds 
 
 3 so to be issued, at the rate of fire dollars thereof for one dol- 
 
 4 lar of the bonds to be issued, and all Treasury notes not bearing 
 
 5 interest, issued under previous acts, may be exchan,o-ed in like 
 
 6 manner at the rate of ten dollars thereof for one dollar of the 
 
 7 bonds to be issued. 
 
 1 Sec. 5. The President may prescribe all needful regulations 
 
 2 to carry this Act into effect. 
 
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