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The Daily Dispatch: June 9, 1863., [Electronic resource], The Confederate currency. (search)
llowing effect: All Treasury notes issued prior to 6th April, 1863, are fundable in seven per cent. bonds until 1st of August next inclusive. After that late all notes bearing date prior to 1st December, 1862, cannot be funded. Notes bearingight per cent. interest were funded in such bonds. They are now only fundable in seven per cent. bonds, and after the first of August they are not to be ended at all. These are the notes that the banks decline to receive on deposit after tomorrow. except on imports. It remains to be seen how much by the Banks can be absorbed by the at seven per cent. till the first of August and the taxes. The fewer that are left afloat the better for the people; but it is very clear that they are to lod who will be compelled to pay them out or sell them. As they will not be current they must be depreciated before the first of August, and will fall much lower after that. The plan of the Government for forcing the holder to convert the Governm