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The Daily Dispatch: December 12, 1863., [Electronic resource], Plan for the improvement of the
Plan for the improvement of the Currency. In the House of Representatives Thursday the following plan for the improvement of the Confederate currency, and the relief of the finances of the Government, was submitted by Mr. Russell, of Virginia, and referred to the special committee of seven, raised for the consideration of that question: 1. To prohibit the issue of Treasury notes, except in payment of existing Habilitate and contracts, and of such interest as existing laws authorize to be paid in Treasury notes. 2. To levy a tax of — per cent. on all the Treasury notes (over a certain small sum) held by any person on the first day of every month, in addition to the other taxes payable in Treasury notes. 3. To authorize the Treasury notes not now fundable to be funded in bonds bearing four per cent. interest. 4. To provide for the future establishment of a sinking fund applicable to the whole debt incurred during the war. 5. To increase the tax in kind, an