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 HOUSE OF REPRESENTATIVES, February 18, 1865- 
 
 MR. FOSTIirS AMENDMENT 
 
 To Bill to fund the currency. 
 
 1 Secion 1. That all treasury notes, not bearing interest, issued 
 
 2 prior to the first day of February, 1863, if not funded prior to 
 
 3 the first day of August, 1863, shall not afterwards be fundable 
 
 4 at the pleasure of the holder, and all call certificates which are 
 
 5 convertible into treasury notes fundable in bonds bearing eight 
 
 6 per cent, interest, shall not be convertible into such notes after tbe 
 
 7 first day of May, 1863, but after that time may be converted 
 
 8 into notes fundable in seven per cent, bonds until the first day 
 
 9 of August, 1863. But after the day last aforesaid, if not pre- 
 
 10 viously reconverted and funded, such call certificates shall l>e 
 
 11 deemed to be bonds bearing six per cent., payable at the same 
 13 period and exchangeable for a bond of like value. 
 
 1 Sec. 2. That all treasury notes that have been issued since 
 
 2 the first day of February, 1863, or that may be issued hereafter 
 
 3 by authority of this act, shall be a legal tender; and the guar- 
 
 4 anty of such of the Confederate States that have been or may 
 
 5 hereafter be made, shall be, in the first place, applied to the trea- 
 
2 
 
 6 Bury notes that have and may be issued subsequent to the first 
 
 7 day of February, 1863, and such guarantees shall protect the 
 
 8 notes issued since the first of February, 1863, to the exclusion 
 
 9 of all other treasury notes. 
 
 1 Sec. 3. That in lieu of all other authority to issue treasury 
 
 2 notes heretofore granted to the Secretary of the Treasury, he 
 
 3 shall be authorized to issue monthly, during the present war, an 
 
 4 amount not exceeding fifty millions'of dollars of such notes, pay- 
 6 able six months after the ratification of peace between the Con- 
 
 6 federate States and the United States. They shall be in such 
 
 7 form and in such denominations as the Secretary of the Treasury 
 
 8 may prescribe, and each note shall specify the month of its issue, 
 
 9 and the authority hereby given to the Secretary of the Treasury 
 
 10 to issue treasury notes, shall cease at the meeting of the first 
 
 1 1 Congress after the ratification of peace between the Conferderate 
 
 1 2 States and the United States. 
 
 1 Sec. 4. Be it further enacted, That all treasury notes hereto- 
 
 2 fore issued, or that may be hereafter issued, shall be receivable in 
 
 5 payment of all public dues, except in payment of export duties. 
 
 1 ■■■ Sec. 5. Be it further enacted, That the holder of treasury notes, 
 
 2 issued after the first day of February, 1863, may at any tim^ 
 3. within twelve months from the time of their issue, convert the 
 4 same into Confederate bonds, bearing interest at the rate of sii 
 5. per cent., which bonds shall be covered by the guarantees of th6 
 
3 
 
 6 several States in the same manner that the notes given for such 
 
 7 honds were guaranteed, so that the conversion of such notes into 
 
 8 bonds shall not impair the security that was afforded ^ the 
 
 9 holder by such guaranty. 
 
 1 Sec. 6. Be it further enacted, That Congress shall have the 
 
 8 power to require such notes to be funded at any time after twelve 
 
 3 months from the issuance of such notes into bonds, bearing 
 
 4 six per cent, interest. Such bonds to be in such form as the 
 
 5 Secretary of the Treasury may prescribe, the interest payable 
 
 6 semi-annually, and to be evinced by coupons annexed, and so 
 
 7 marked and identified as to show that such bonds are to be first 
 
 8 secured by the guaranty of the several States, as aforesaid. 
 
 1 Sec, 7. Be it further enacted. That no treasury note shall here- 
 
 2 after be issued, bearing interest, and all laws in conflict with this 
 
 3 act are hereby repealed.