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The Daily Dispatch: October 18, 1864., [Electronic resource], From Wilmington. (search)
; and the Secretary undertakes to show that this distrust is without reasonable foundation. He says: "The entire public debt, funded and unfunded, was, on the 1st of July last, about $1,250,000,000.--The expenses from the 1st of July to the 31st of December are estimated at about $325,000,000, making an aggregate of $1,575,000,000. "In this amount is included $250,000,000 of four per cent. bonds to be issued in place of a like amount of old currency funded under the act of February 17, 1864; but a considerable portion of this sum will be returned into the Treasury under the Tax Act; or, in other words, the whole sum produced by the taxation of the present year will be applicable to the reduction of this aggregate of $1,575,000,000. Let a liberal allowance, however, be made for opposite contingencies, and let the debt on the 1st of January, 1865, be set down in round numbers at $1,500,000,000; let the war be supposed to continue, and in its progress add $500,000,000 more to
The Daily Dispatch: October 24, 1864., [Electronic resource], Confederate States district court. (search)
at issue was whether Mr. Barrett should be permitted to pay his taxes in four per cent. Confederate bonds upon stocks held by him in Europe, or whether the law demanded payment in specie. The decision of the Judge was in favor of Mr. Barrett, entitling him to the advantage of settling in four per cent. bonds.--The question involved several hundred thousand dollars, the difference of which between specie and Confederate bonds was quite an important matter to the parties interested. The habeas corpus cases of Edward F. Anderson and J. M. Haden, claiming exemption from military service — the first upon the ground of being a justice of the peace, and the latter on account of his religious faith, he being a Nazarene, and purchasing his exemption upon the payment of five hundred dollars, as allowed by an act of Congress passed February 17th, 1864,--were called; but, for reasons deemed sufficient, were postponed till next Thursday. The court adjourned till eleven o'clock to-day.
The Daily Dispatch: November 8, 1864., [Electronic resource], article 1 (search)
omitted. It consists only of the unpaid balance of the loan known as the cotton loan. This balance is but £2,200,000, and is adequately provided for by about two hundred and fifty thousand bales of cotton, owned by the Government, even it the cotton be rated as worth but six pence per pound. There is one item of the public debt not included in the tables presented, to which your attention is required. The bounty bonds promised to our soldiers by the third section of the act of 17th February, 1864 were deliverable on the 1st of October.--The Secretary has been unable to issue them by reason of an omission in the law, no time being therein fixed for the payment of the bonds. The aggregate appropriations called for by the different departments of the Government, according to the estimates submitted with the report, for the six months ending on the 30th June, 1865, amount to $438,102,679, while the Secretary estimates that there will remain unexpended, out of former appropria
The Daily Dispatch: November 15, 1864., [Electronic resource], Confederate Congress. (search)
nemies in four per cent. bonds. Referred to the Judiciary Committee. Mr. Barnwell, from the Committee on Finance, reported the following bill to amend the third section of the "act to organize forces to serve during the war," approved February 17, 1864: "The Congress of the Confederate States of America do enact, That the bonds authorized to be issued by the Secretary of the Treasury to non-commissioned officers, musicians and privates by the third section of the act entitled 'an act to organize forces to serve during the war,' approved February 17, 1864, shall be redeemable October 1, 1894, and the interest on the same payable semi-annually on the first day of April and October in each year. " Passed. Mr. Barnwell also introduced the following bill to authorize the Secretary of the Treasury to exchange coupon bonds for seven-thirty treasury notes: "The Congress of the Confederate States of America do enact, That the Secretary of the Treasury is hereby authorize
The Daily Dispatch: November 21, 1864., [Electronic resource], Confederate Congress. (search)
t 12 o'clock M. Prayer by the Rev. Dr. Burrows, of the Baptist church. Mr. Sparrow, of Louisiana, introduced a bill, which was passed, extending to officers, soldiers, sailors and others, who had resigned or been honorably discharged from the service before the passage of the act establishing the invalid corps, the provisions of the said act. Mr. Haynes, of Tennessee, offered a resolution, which was agreed to, inquiring into the expediency of so amending the currency act of February 17th, 1864, as to substitute the certificate of the cashier of the bank or branch bank of any State, verified by his affidavit, in the room of the certificate therein required of the Governor, of the amount of treasury notes received and held by any State, before said notes become taxable under said act, and on deposit with said cashier to the credit of any State or the Governor thereof. Mr. Barnwell, from the Committee on Finance, reported a bill to authorize the transfer of the registered
The Daily Dispatch: December 15, 1864., [Electronic resource], article 1 (search)
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
The Daily Dispatch: December 27, 1864., [Electronic resource], Interesting from Europe. (search)
Confederate Congress. Senate. Monday, December 26, 1864. House currency bill was received and referred to the Finance Committee. The Chair laid before the Senate a communication from the Secretary of the Treasury recommending the passage of an act providing that all four per cent. bonds and certificates received under the act of 17th of February, 1864, in payment of taxes, be considered as redeemed, and be cancelled, and charged against any funds in the treasury not otherwise appropriated. The communication was ordered to be printed. On motion, by Mr. Hill, of Georgia, the Senate resolved into secret session. The doors being opened, on motion, by Mr. Barnwell, the Senate adjourned.
The Daily Dispatch: December 29, 1864., [Electronic resource], Confederate Congress. (search)
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, when declares that "all call certificates shall be fuponble, 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
The Daily Dispatch: December 29, 1864., [Electronic resource], Passing counterfeit money. (search)
Treasury Department, Confederate States of America, Richmond, august 8, 1864. Certificates of Indebtedness Bearing Six Per Cent. Per interest and Free from Taxation.--By the fourteenth section of the act to reduce that , approved February 17, 1864, the Secretary of the Treasury is authorized to issue the payable two years after the treaty of peace with the United States. They not be sold, but are only to be issued to such of the Government as are willing to receive the same in payment of their demands. They be given at par, though free from taxation. The attention of purchasing agents and abusing officers of the Government as called to this class of public securities as offering peculiar advantages to those from whom the supplies of the Government are bought; and to facilitate the use of the drawn by disbursing officers upon the holding these funds, and marked across the "payable in certificates of " will be paid in conformity therewith. Depositaries are he
The Daily Dispatch: January 3, 1865., [Electronic resource], article 1 (search)
ns of dollars. "Second. Of levying a tax of one per cent, upon all the subjects of taxation specified in the act of February, 1864, to be collected in treasury notes at their market value in specie, the value to be ascertained and made known, from time to time, in a mode to be prescribed by law. "Third. Of levying an export duty of twenty-five per cent. upon the value of all exports, to be collected in specie or in the coupons of the Five Hundred Million Loan, under the act of February 17, 1864, the specie so collected to be applied to the redemption of the coupons of said loan." Mr. Barnwell, from the Finance Committee, reported a bill to authorize the appointment of a commissioner of taxes for the Trans-Mississippi Department, and a disbursing clerk for the office of the said commissioner. The bill was considered and passed. House bill authorizing the cancellation of four per cent. bonds and certificates received in payment of taxes was considered and passed.
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