Newspaper Page Text
Early County News.
VOL. V.
(fearlti Count it Hetos.
<-b <o w
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The Currency Bill,
i; An Act to be entitled ‘An Act to Fund,
Tax and Limit (he Currency!”
JBec. 1. Tito Congress of the Confeder
ate States of America do enact, That the
holders ot'rall Treasury notes above the de
nomination of five dollars, not bearing in
terest, shall be allowed, until the first day
of April, 1864, east of the Mississippi, to
fund the Same, and until the periods and at
the places stated, the holders of all such
Treasury notes shall be allowed to fund the
sam,e in registered bonds, payable twenty
years after tlieir date, bearing interest at
the rate of four per ceut. per annum, pay
able outlie first of January and duly of
each year.
Sec. 2. The. Secretary of the Treasury
is hereby authorized to issue the bonds re
quired for the funding provided for in the
preceding section, and until the bonds can
be prepared he may issue certificates, to an
swer the purpose. Such bonds and cer
tifkates shall be receivable without inter
est in payment of all Government dues
pavable in the year 1861, except export aud
import duties.
See. 3. That all Treasury notes of the
denomination of one hundred dollars, not
bearing iuterest which shall not be pre
sented for funding under the provisions of
the first section of this act, shall, from and
after the first day of April, 1861, east of
the Mississippi river, and first day of July,
1861, west of the Mississippi, cease to be
receivable in paymeatit of public dues, and
said notes, if not so presented at that time,
shall, in addition to the tax of thirty-three
and one-third cents imposed in the fourth
section of this act, be subjected to a tax of
/on per cent, per month until so presented ;
which taxes shall attach to said notes wher
ever circulated, and shall be deducted from
the face of said notes whenever presented
for payment or for funding, and said notes
shall not be exchangeable for the new issue
of Treasury notes provided for in this act.
"See. 4. That on all said Treasury notes
not funded or used iu payriient of taxes at
the dates and places prescribed in too first
section of this act, there shall be levied at
said dates and places a tax of thirty-three
aud oire-third cents for every dollar prom
ised on the face of said notes; said tax shall
attach to said notes wherever circulated,
arid shall be collected by deducting the
same at the Treasury,.its dospositories and
by tax collectors,and by all Government offi
cers receiving the same whenever presented
for payment or for funding, or in payment
of Government dues or for postage or in ex
change for new notes, as hereinafter provid
ed, and said Treasury notes shall bo fun
dable iu bonds as provided in the first sec
tion of this act, until the first day of Jan*
uary, 1865, at the rate of sixty six and
two-thirds cents on the dollar; aud it shall
be the duty of the Secretary of the Treas
ury at any time between the first of April
aud the first of July, 1864, west of the
Mississippi river, aud the first of January,
1 865, to substitute and exchange new Treas
ury notes for the same at the rate of sixty
six and two-thiwls cents on the dollar:
Provided, that notes of the denomination
of one hundred dollars shall not be entitled
to the privilege of said exchange : Provid
ed further, that the right to fund any of
said Treasury notes after the first day of
January, 1865, is hereby taken away: And
provided further, that upon all such Treas
ury notes which may remain outstanding
on the first day of January, 1865, and
which may not be exchanged for new Treas
ury notes, as herein provided, a tax of one
hundred per cent, is hereby imposed.
Sec. 0. That after the first day of April
next, all authority heretofore given to tho
,Secretary of tin; Treasury to issue Treasu
ry notes shall be, and is hereby revoked :
Provided the Secretary ol the Treasury may
, after that t ime, issue new Treasury notes, iu
such form as he may prescribe, payable two
years after the ratification of a treaty of
peace with the United States, said new is
sues to be receivable in payment of all pub
lie dues, except export, and import duties,
to be issued in exchange for old notes at the
BLAKELY, GEO., MARCH 2, 1864.
»<■—■ .whbi jb giwrjttMni—mmwwww—
rate of two dollars of the new for three
dollars of the. old issues, whether said old
notes be surrendered for exchange by the
holders thereof, or be received iuto the
Treasury under the provisions of this act;
and the holders of the new notes or of the
old notes, except those of tho denomina
tion of one hundred dollars, after they are
reduced to sixty-six and two,thirds cents
on the dollar by the ’tax aforesaid, may
convert the same into call certificates bear
ing iuterest at the rate of four per ceut. per
annum, and payable two years after tlie
ratification of a treaty of peace with the
United States, unites soefuer converted in
to new notes.
See. 6. That to pay the expenses of the
Government, not otherwise provided for,
the Secretary of the Treasury is hereby
authorized to issue six per cent, bonds to
an amount not exceeding five hundred mil- .
lpns of dollars, the principal and interest
whereof shall be free from taxation, and
for the payment of interest thereon the
entire net receipts of any export duty here
after laid on value gs any cotton, tobacco,
and naval stores, which shall be exported
from the Confederate States, and the. net
proceeds of the import duties now laid, or
so much thereof as may be necessary to
pay annually the interest, are hereby spe
cially pledged: Provided, that the duties
now laid on imports are hereby pledged
aud shall hereafter be paid in specie, or in
sterling exchange, or in coupons of said
bonds.
Sec. 7. That the Sccvetary of the Treas
ury is hereby authorized, from time to
time as the wants of the Treasury may re
quire it, to sell or hypothecate for Treasu
ry notes said bonds, or any part thereof,
upon the best terms he can, so as to meet
appropriations by Congress, and at tho
same.time reduce and restrict the amount
of the circulation in Treasury notes within
reasonable and safe limits.
Sec. 8. The bonds authorized by the
sixth section of this act, may be either reg
istered or coupon bonds, as the parties tak
ing them may elect; and they may be ex
changed for each other under such regu
lations as the Secretary of tho Treasury
may prescribe. They shall be for one hun
dred dollars, aud shall, together with the.
coupons thereto attached, be in such form
and of such authentication as tiic Secreta
ry of the Treasury may prescribe; the in*
terest shall be payable half yearly on the
Ist of January aud July iu each year : the
principal shall be payable not less than thir
ty years from their date.
Sec. 0. All call certificates shall be fun
dable, and snail be taxed in all respects as
is provided for the Treasury notes into
which the are convertible. If converted
before the time fixed for taxing the Treas
ury notes, such certificates shall from that
time hear interest upon only sixty-six and
two-thirds cents for every dollar promised
upon their face, and shall be redeemable
iu new Treasury notes at that rate ; but
after the passage of this act; no call certifi
cates shall be issued until after tbe first
day of April, 1864.
Sec. 10. That if any bank of deposit
shall give its depositors the bonds author
ized by the first section of this act, iu ex
change for their deposits, and specifying
the same on the bonds by some distinctive
mark or token, to be agreed upon with the
Secretary of the Treasury, then the said
depositor shall be entitled to receive the
amount of said bonds in Treasury notes
bearing no interest and outstanding at the
passage of this act: Provided, the said
bonds are presented before the privilege of
funding said notes at par shall cease as
herein prescribed.
Sec. 11. That all Treasury notes here
tofore issued of tho denomination of five
dollars, shall,continue to be receivable in
payment of public dues, ns provided by
law, and fundable at par under the provis
ions of this act, until the first of July, 1864,
east, and until the first of October, 1864,
west of the Mississippi river, but after
that time they shall be subject to a tax of
thirty-three and one-third per cent, on
every dollar promised on the face thereof,
said tax to attach to said notes wherever
circulated, and said notes to be fundable
and exchangeable for new Treasury notes,
as herein provided, subject to the deduc
tion of said cax.
Sec. 12. That any State holding Treas
ury notes received before the times herein
fixed for taxing saiu notes, shall be allowed
till the first day of January, 1865, to fund
the same in six per cent, bonds of the Con
federate States, payable twenty years after
date, and the interest payable semi-annual
ly. Put all Treasury notes received bv
any State after the time fixed for taxing
the .*<llllloas aforesaid, shall beheld to have ’
been received diminished by the amount of ,
said tax. The discrimination between the
notes subject to the tax, and those not sub
ject shall be—
Sec.il J. That Treasury notes heretofore
issued bearing iuterest at the rate of seven
dollars and thirty cents on the hundred
dollars per annum; shall no longer be re
ceived in payment of public dues, but shall
be deemed and considered bonds of the
Confederate States, payable two years af
ter the ratification of a treaty ot peace with
the United States, bearing the rate of in
terest specified on their face, payable Ist
of January of each and every year.
See. 1 ! " tint the Secretary of .the
ury be, and he is hereby, authorized in ease
the exigencies of the Government should
require it, to pay the demand of any public
creditor whose debt may be contracted af
ter the passage of this act, willing to re
ceive the same iu a certificate of indebted
ness, to be issued by said Secretary in
such form ns he may deem proper, payable
two years after a ratification of a treaty of
peace with the United States, bearing iu
terest at the rate of six per cent, per an
num, payable semi-annually, and transfer
able only by special endorsement,* under
regulations to be prcscibed by the Secreta
ry of the Treasury, aud said certificates
shall be exempt from taxation in principal
and iuterest.
See. 15. The Secretary ot the Treasury
is authorized to iu crease the number of
depositories so as to meet the requirements
of this act, and with that view to employ
such of the banks of the several States as
lie may deem expedimeut.
Sec. 16. The Secretary of the Treasury
shall forthwith advertise this act in sucli
newspapers published iu the several States,
aud by such other means as Rliall secure
immediate publicity; and the Secretary of
War and the Secretary of the Navy shall
each cause it to be published in general
order for the information of the army and
navy.
Sec. 17. The forty-second section of the
act for the assessment and collection of
taxes appraised May Ist, 1863, is hereby
■ repealed.
Sec. 18. The Secretary of the Treasury,
is hereby authorized and required, upon
the application of the holder of any call
certificate—which by the Ist section of the
act “ to provide for the funding and furth
er issue of Treasury notes,” approved
March 23d, 1863, wfts required to be
“ thereafter deemed to be, a bond ” —to is
sue to such holder a bond therefor upon
the terms provided by said act.
Telegraphic News.
.
Richmond, Feb. 24.—General Orders
23, War Department, dated to-day, declares
Gen. Braxton Bragg assigned to duty at
the seat of Government, and under the di
rection of the President. He is charged
with the conduct of Military operations in
the Armies of the Confederate States.
Richmond, Feb. 25.—The Enquirer of
this morning states editorially that the as
signment of Bragg to dut£ at the Scat of
Government by the President was made,
with the knowledge and approval of Gens.
Cooper, Johnston, Beuuregard, and all his
superiors in rank.
An official telegram from Gen. Polk,
transmitting a dispatch from Gen. Lee, da
ted Starksvillc, Miss., 23d, was received
this afternoon. Gen. Lee says that Gen.
Forrest reports severe fighting all day yes
terday, ten miles south of Pontotoc. Forty
of the enemy killed, and one hundred cap
tured. Our loss not so heavy. We also
captured four or five pieces of artillery.
Fighting commenced near Okalona this
evening, and was obstinate, as the enemy
was forced to make\epcated stands in or
der to hold us in check, and to save pack
mules from stampede. The fight closed,
with a grand cavalry charge of the enemy’s
whole force. We repulsed them with a
heavy and completely routed them.
European advices of the 4th state that
war between Denmark and Germany has J
commenced, two attacks upon the Danes j
were repulsed by them with loss to the j
Prussian and Austrian troops.
Queen Victories’ speech, delivered in
Parliumcnt.on the 4th, says she has endea
vored to preserve peace in Europe, and will I
continue her effort?. No allusion to Amer* j
ieau mffairs.
It is asserted that Napoleon will not take
an active p:yt in the Danish question.
Tiic Alabama was fifty miles south of j
Rougoon on the sth of .January.
Orange 4’. 11., Feb. 24—Mosby had a 'j
fight with a body of the loth New York *
Cavalry, Kelly's Western Virginia Com
mand, at Upperyille, J aquier county, on
Saturday. The enemy wore repulsed. We
captured a wounded Li cute mud. four com • !
missioned officers and five privates. Tho
enemy lost two killed. Our loss four or
five wounded. All quiet in our front.
Dalton, Feb. 23.—Two squadrons of
cavalry and some regiments of infantry ad
vanced by Ringgold Gap yesterday aflfer
noon, and drove in our pickets. They halt
ed at ItiDggold. No further demonstra
tions. %
Later. —The enemy appeared in full forep
to make a reconnoisance, and advanced this
morning at 4 o’clock, to within four miles
of Tunnel Hill. They were there ambus
caded by Hawkins’ sharpshooters and Low
ry’s A lahamu Brigade. The enemy was
driven back, leaving their dead on the field.
A large number of wounded were carried
ofi by the enemy. Our whole army is ea
ger for a general light and advance.
The Atlanta Juyistrr, of the 24th, says ;
Very strangely wc have no special dispatch
es at this hour, 12, a, in., to-day, from the
front. We are satisfied, nevertheless, from,
many indications, that Thomas is advanc
ing on Johnston. We are told that
there is a column from ten to twenty thou
sand strong moving south from Cleveland.
Everything betokens active operations in
the vicinity of Dalton. There is s;aid to
bo auother column advancing from King
gold. Our pickets have been driven iy at
the Stone Church, four miles this side of
Kioggold. Such are the rumors, to which
wc give credence, from the front. »
Grange C. 11., Feb. 25.—Deserters who
recently entered our lines report that tho
enemy are sending their sick to Washing
ton, preparatory to a forward movement.
They also report, on the contrary, that the
enemy are fortifying, as if expecting us to
attack. The enemy have received no res
inforcements. lately.'
Mobile, Feb. 24.—-The enemy opened
fire on Fort Powell at Kli o’clock. Dis
•• patches this evening say six mortar and
four gun boats shelled all day, and Bred
304 shots. No casualties—no damage.
A postscript to the News, from Enter
prise. says that .the enemy, on the 20th,
left Meridian for Kaymond, and Marion for
Canton—our cavalry pursuing. Forrest
has Grierson surrounded, and has taken
r many prisoners. The bombardment of Ft.
Powell continued. No particulars.
Bristol, Feb. 24. — A letter to the Ga
zette, from Powell River, near Cumberland
Gap, dated the 20th, says that several Yan
kee regiments passed through the Gap on
sixty days’ iurlmigh, declaring that they
never would return. Grant has refused to
give any more furloughs. No more re-en
listing in the Yankee army. There are
only five regiments at Cumberland Gap,
and they are closely besieged and suffering
for supplies. 11 is expected they will evac
uate the Gap. The notorious tory, dopes,
* tho terror of Claihurn county, was captur
ed near Tazewell a few days ago.
Dalton, Feb. 25.— Our army is in line
of battle at Tuunell 11 ill. A sharp engage
ment took place yesterday between Clay
ton’s Brigade and the enemy, lasting half
of the day. Wolford’s cavalry, backed by
a regiment of infantry, attacked our lino
and were repulsed three times. One hun
dred Yankee saddles were emptied in tho
first assault. The enemy’s artillery fire fell
short, and our ten-inch rifled Parrotts did
great execution. One cavalry and two in
fantry brigades of Yankees arc at Lafay
ette.
Later. —There was heavy artillery skir
mishing along the lines, at intervals, all
day, with occasional volleys <it‘ musketry.
Both sides are evidently manoeuvering for
position. Casualties trilling.
♦
There was some excitement in town
on Sunday, owing to the cavalry being
ordered out to arrest some deserters
who had left Gen. Johnston's army
at. : were making their wav home.
Wc learn there were about forty men
in all. They were armed, but as far
as we could hear, committed no de
predations. , Two of the party were
arrested and are now in town. The
remainder have scattered through the
country, but we have no doubt .that
the whole party wall shortly he iti the
hands of the authorities.
Macau t 'ou/i ifrrutc, 1 (]f/i .
♦ ■* -
A Washington dispatch says five, block -
ade runners, recently f rom Richmond, were
arrested on the stage from Port, Tobacco,
Maryland. On their persons were found
between s3ft,Ooi) and m gold,
twenty-two gold (ie< irgia ilia to
bonds of &Looo'each, and two North Car
olina State bands. They were sent to the
old Capitol prison.
- ♦ —♦
We want Hags for the paper maker.
NO. 20,