1 3/r>, 
 
 /I 
 
 mo 
 
 #/? 
 
 Duke University Libraries 
 
 A bill to be en 
 Conf Pam 12mo #17 
 
C .5 . • /-ro^l. 
 
 [House Bill, No. 3.] 
 
 HOUSE, Sept. 4, 1862. — Read first and second times, taken up, 
 postponed till Saturday, Sept. 6th, and ordered to be printed. To be 
 considered day after day until disposed of; agreed to. 
 
 [By Mr. Kenner, from Committee on Ways and Means.] 
 
 A. BILL 
 
 To be entitled An Act to provide for the further issue of 
 
 Treasury Notes. 
 
 1 Section 1. The Congress of the Confederate States of 
 
 2 America do enact, That the Secretary of the Treasury 
 
 3 be, and he is hereby authorized, from time to time, to 
 
 4 issue in addition to the Bonds, Certificates of Stock, and 
 
 5 Treasury Notes already authorized by law, such addi- 
 
 6 tional amount of the same as may be required to pay 
 
 7 the appropriations made by Congress at its last and pre- 
 
 8 sent sessions, to be issued under the same forms, condi- 
 
 9 tions and restrictions as are, or may be, provided by law ; 
 
 10 the Bonds and Certificates of Stock to be issued in pre- 
 
 11 ference in all cases where they can be used ; and where 
 
12 they cannot, the deficiency to be supplied by Treasury 
 
 13 Notes. 
 
 1 Sec. 2. The Secretary of the Treasury is also author- 
 
 2 ized to issue Treasury Notes of the denomination of fifty 
 
 3 dollars, bearing interest at the rate of one cent per day, 
 
 4 the said notes to be payable at the same time as other 
 
 5 Treasury Notes, and to be receivable in payment of all 
 
 6 public dues, except the export duty on cotton. 
 
 1 Sec. 3. The Secretary of the Treasury is authorized to 
 
 2 pay annually the interest accruing on the first of Janu- 
 
 3 ary on all interest-bearing Treasury Notes, and to make 
 
 4 all proper regulations in relation to such payment. 
 
 1 Sec. 4. The issue of Treasury Notes under the denom- 
 
 2 ination of five dollais is authorized to be extended to ten 
 
 3 millions of dollars. 
 
 AMENDMENT 
 
 By Mr. Machen, in lieu of last section. 
 
 1 That the accumulating interest upon all such issues 
 
 2 shall be held to be due on the first day of January in 
 
 3 each year, and shall thereafter bear interest at the same 
 
 4 rate as the principal. 
 
[House.] 
 AMENDMENT 
 
 Proposed by Mr. Dupre to Senate Bill to provide for the further issue 
 of treasury notes and for other purposes. 
 
 1 Section 1. That in lieu of the power heretofore given by law 
 
 2 to the Secretary of the Treasury to issue treasury notes, he shall 
 
 3 be authorized to issue, monthly, an amount of such notes, not 
 
 4 exceeding fifty millions of dollars, which shall be receivable in 
 
 5 payment of all public dues, except the duty on cotton, provided 
 
 6 for in the 5th section of the act entitled "An Act to raise 
 
 7 money for the support of the Government, and to provide for 
 S the defence of the Confederate States cf America," approved the 
 9 28th of February, 1861. These notes shall be made payable 
 
 10 twelve months after date of their issue; and if not then paid, 
 
 ft 
 
 1 1 shall be funded in Confederate States bond or stock, bearing six 
 
 12 per cent, yearly interest, and made payable in not more than 
 
 13 fifty, nor less than thirty years, according to such plan as may 
 
 14 be adjusted by the Secretary of the Treasury. 
 
 1 Sec 2. Be it further enacted, That the Secretary of the Trea- 
 
 2 sury is directed to apply to the payment of the interest of the said 
 
 3 notes, which may not be paid at their maturity, all the impost 
 
 4 duties, which may be received during the pending of the war ; and 
 
 5 if these are not sufficient, the same shall be paid first, out of any 
 
 6 moneys collected by taxation for the payment of the public debt 
 
 7 and its interest, and out of export duties, the special duty on 
 
 8 cotton, referred to in the foregoing section, excepted. 
 
Hollinger Corp. 
 pH8.5