#/C>3 Conf Pam 12mo #169 DTTDEfl7D5/ REGULATIONS AS TO BONDS AND CERTIFI- CATES OF STOCK TO BE ISSUED UNDER THE WAR TAX ACT AND THE ACTS SUP- PLEMENTARY THERETO. CONFEDERATE STATES OF AMERICA, ) Treasury Department, V Richmond, January 16th, 1862. ) The following Regulations are established for the Bonds and Certificates of Stock to be issued under the Act of August 19th, and December 24th, 1861 : 1. The Bonds and Stock for one hundred millions shall be issued, payable at periodsof six months, com- mencing 1st of January, 1864, and ending 1st July, 1881, according to the Schedule hereunto annexed ; the interest to be at the rate of eight per cent, per annum, payable semi-annually. 2. The exchangeable Bonds or Stock authorized by said Acts shall be at the rate of six per cent, per an- num, payable semi-annually, the principal payable at the end of ten years, and exchangeable at any time, on demand, for Treasury Notes at the pleasure of the holder, for amount of principal and interest due. 3. The form of the six per cent. Bonds or Stock shall be a certificate in the form usual for Registered Stock, payable to the Treasurer or Assistant Treasu- rer, or Depositary, or order, transferable by general or special endorsement. 4. The Treasurer, or any Assistant Treasurer or Depositary, may receive Treasury Notes from any person desiring to purchase eight per cent. Bonds or Stock, or to fund Treasury Notes. Upon receipt of the Notes, such Treasurer, Assistant Treasurer, or Depositary shall issue for the same, Bonds or Stock for the amount so paid, if he shall have them on hand, and if not, he shall deliver to the party a receipt for the amount paid, to be taken up with Stock or Bonds bearing interest from the date of the Receipt, as soon as such Stock or Bonds can be procured, and the As- sistant Treasurer or Depositary shall immediately re- port to the Treasurer, and ask for a remittance of the proper Bonds or Certificates of Stock. 5. The General Agents for the receipt of the pro- ceeds of the Produce Loan, shall also be authorized to receive Treasury Notes from any person desiring to pay his subscription to the Produce Loan, or to subscribe to the one hundred million loan. Upon re- ceipt of the amount, he shall issue a receipt for the same, to be taken up with Bonds or Stock, at the discretion of the subscriber, bearing interest from the date of the receipt. |Ie shall immediately deposit the amount received with the nearest or most convenient Assistant Treasurer or Depositary, and report to him the details, to enable him to procure the Bonds or Stock wanted. Such Assistant Treasurer or Deposi- tary shall forward the same to the General Agent, if he shall have them on hand, and if not, he shall forth- with report to the Treasurer and procure the same from him. And in all cases where the Bonds or Stock for any period called for by any person shall have been exhausted, those for the next succeeding period shall be furnished. 6. In case the Register can prepare beforehand a number of Bonds or Stock Certificates for any pe- riod, more than are called for by purchasers, the Treas- urer shall receive the same and issue them to his As- sistant Treasurers and Depositaries, in such amounts as will meet the probable demand ; and the said Treasurer, Assistant Treasurers and Depositaries shall be charged with, and be held liable to account for the same as cash. 7. Each Treasurer, Assistant Treasurer or Deposi- tary, who shall issue any Bond at any time other than the date thereof, shall endorse the date of issue upon each Bond — shall cut off and return for cancellation any Coupon which may have become past due, and upon all Coupons for interest due in part, he shall write the date of issue and so much only of such in- terest shall be paid as shall accrue after such date. 8. The Register shall issue the six per cent. Cer^ tificates in the names and payable to the order of the Treasurer, Assistant Treasurers or Depositaries, in such amounts and parcels as the Treasurer shall de- signate, and shall deliver the same to the Treasurer, to be countersigned by him. And the Treasurer shall distribute the same among the various Assistant Treasurers and Depositaries, according to the demand which will probably be established for them at each place. 9. The several Assistant Treasurers and Deposita- ries shall be charged with and be bound to account for the same. They shall deliver out the same to any holders of $500 in Treasury Notes who may demand the same in exchange for such Treasury Notes ; and upon such delivery the Assistant Treasurer or Deposi- tary shall endorse the same to the said holder, or his order, taking special care to subscribe the date of such endorsement, and to register and report the same" to the Treasurer ; and when they are issued and endorsed by the Treasurer, he shall cause the same to be registered in his office. 10. Upon the demand of any endorsee of such Cer- tificate, at the office where the same is registered, the Treasurer, Assistant Treasurer or Depositary shall deliver to him an amount of Treasury Notes equal to the principal and interest then due upon such Certifi- cate ; and he shall make return thereof, together with the Certificate to the Treasury Department, in the same manner as is now required with Treasury Notes. 11. Iii cases where the principal is not demanded, the interest shall be paid in the same manner as in other cases of Registered Stock, except that, in all cases, the endorsee presenting the Certificate at the place where it was originally registered, shall be en- titled to receive the interest, without further proof than the endorsement of the Certificate, as in cases of endorsement of Bills of Exchange ; and the interest paid shall be endorsed upon the Certificate, and re- ported to the Treasurer, by the Assistant Treasurer or Depositary. C. G. MEMMINGER, Secretary of the Treasury. Schedule of Periods at which Bonds for One Hundded Mil- lions are issued, under Acts of August 19 and December 24th, 1861. . c Im <*-< V. o o o O s 03 o si B 3 03 n ■ 2 'e3 r3 eZ -ST o .3 .2 o O "3 .2 bo Cm o 03 *s .2 'u &c 0) a J-. a> bo Ti Ph & Ph < ft 1 $300,000,000 $1,288,700 $1,288,700 Jan. L, 1864 2 98,7 J 1,300 1,340,200 2,628,900 July I, 1864 3 97,371, i 00 1,393,900 4,022,800 Jan. L, 1865 4 95.977,200 1,449,600 5,472,400 July 1, 1865 5 94,527,600 1,507,600 6,980,000 Jan. 1, 1866 6 93,020,000 1,567,900 8,547,900 July 1, 1866 7 91,452,100 1,630,600 10,178,500 Jan. 1, 1867 8 89,821,500 1,695,800 11,874,300 July 1, 1867 9 88,125,700 1,763,700 13,638,000 Jan. I, 1868 10 86,362,000 1,834,200 15,472,200 July 1, 1868 11 84,527,800 1,907,600 17,379,800 Jan. 1, 1869 12 82,620,200 1,983,900 19,363,700 July 1, 1869 13 80,636,300 2,063,200 21,426,900 Jan. 1, 1870 14 78,573,100 2,145,800 23,572,700 July 1, 1870 15 76,427,300 2,231,600 25,804,300 Jan. 1, 1871 16 74,195,700 2,320,900 •28,125,200 July 1, 1871 17 71,874,800 2,413,700 30,538,900 Jan. 1, 1872 1 69,161,100 2,510,200 33,049,100 July 1, 1872 1) 66,950,900 2,610,600 35,659,700 Jan. 1, 1873 20 64,340,300 2,715,100 38,374,800 July 1, 1873 21 61,625,200 2,823,700 41,198,500 Jan. 1, 1874 22 58,801,500 2,936,600 44,135,100 July 1, 1874 23 55,864,900 3,054,100 47,189,200 Jan. 1, 1875 24 52,810,800 3,176,200 50,365,400 July 1, 1875 25 49,634,600 3,303,300 53,668,700 Jan. 1, 1876 26 46,331,300 3,435,400 57,104,100 July 1, 1876 27 42,895,900 3,572,900 60,677,000 Jan. 1, 1877 28 39,3-23,000 3,715,800 64,392,800 July 1, 1877 29 35,607,200 3,864,400 68,257,200 Jan. 1, 1878 30 31,742,800 4,019,000 72,276,200 July 1, 1878 31 27,723,800 4,179,700 76,455,900 Jan. 1, 1879 32 23,544,100 4,346,900 80,802,800 July 1, 1879 33 19,197,200 4,520,800 85,323,600 Jan. 1, 1880 34 14,676,400 4,701,600 90,025,200 July 1, 1880 35 9,974,8C0 4,889,700 94,914,900 Jan. 1, 1881 3G 5,085,100 5,085,100 100,000,000 July 1, 1881 pemrulife* P H 8.5