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Treasury Department, Confederate States of America, Richmond, December 7, 1864.

To Holders of Five Per Cent. Call Certificates.--Attention is respectfully called to the provisions of the ninth section of the act of Congress, entitled an act to reduce the currency, &c., approved February 17, 1864, which declares that "all call certificates shall be fundable, and shall be taxed in all respects as is provided for the Treasury notes into which they are convertible."

The fourth section of said act imposes a tax of one hundred per cent on the Treasury notes represented by said five per cent, call certificates which shall remain outstanding on the first day of January, eighteen hundred and sixty-five.

G. A. Trenholm.
Secretary of the Treasury de 7--t1stJ

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