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Alfred Roman, The military operations of General Beauregard in the war between the states, 1861 to 1865, Chapter 50: (search)
t tax, from which, to that date, only $10,539,910.70 had been realized; $15,000,000 were raised on bonds, secured by a duty on the exportation of cotton of one-eighth of a cent per pound; and $22,613,346.61 were raised on 8.20 bonds. A resort to the issue of Treasury notes and call certificates to the amount of $248,106,116.61 covers nearly all the financial operations effected up to the date mentioned. The permanent constitution of the Confederate States went into effect on the 22d of February, 1862; and in this constitution it was provided that Congress should appropriate no money from the Treasury except by a vote of two-thirds of both Houses, taken by yeas and nays, unless it were asked and estimated for by some one of the heads of departments, and submitted to Congress by the President. Therefore, unless the Executive asked for appropriations for any purpose, it was hardly possible to pass them, and, if passed, they were subject to the President's veto. So that the adminis