Democratic Sentinel, Volume 5, Number 49, Rensselaer, Jasper County, 6 January 1882 — Confederate Bond Text. [ARTICLE]

Confederate Bond Text.

As considerable interest has been aroused in regard to Confederate bonds, and as the majority of people are un acquainted with their terms, the following wording of a SI,OOO bond is given as a matter of infermation : “No. 7,403. First Series; “CONFEDERATE STATES OF AMERICA, “Loan Authorized by Section 6 of February 17, 1864, Act of Congress. “On the first day ”f July, 1864, the Confederate States of America will pay to the bearer of this bond, at the seat of Government, or at such place of deposit as may be appointed by the Secretary of the Treasury, the sum of one thousand dollars, with interest thereon at the rate of six per cent, per annum, payable semi-annually ou the first days of January and July in each year. “The Confederate States have, by an act approved Febriiary 1, 1864, enacted that the principal and interest whereof shall be free from taxation, and. for the payment of the interest thereon, the entire net receipts of any export duty hereafter laid on the value of all cotton, tobacco, and naval stores, which shall be exported from the Confederate States, and the net proceeds of the import duties now laid on so much thereof as may be necessary to pay annually the interest, are hereby specially pledged, provided that the duties now laid upon imports, and hereby pledged, shall hereafter be paid in specie or in sterling exchange, or in the coupons of said bonds. “In witness whereof the register of the treasury, in pursuance of the said act of Congress, hath hereunto set his hand and affixed the seal of the treasury, at Richmond, this Ist clay of March, 1864. E. Apperson, “For register of the treasury.” “Entered, R. B. S. Recorded, J. J. W.” On the left of the bond at a right angle with the body of the bond are the words, “One thousand dollars,” and on the right, “Six per cent, per annum.” Attached to the bond are sixty coupons, payable every six months, from January 1, 1865, to July 1, 1894. The coupons are as follows: “Loan under act of February 17, 1864. The Confederate States of America will pay to bearer thirty dollars for six months’ interest, due January 1, 1865, on bond 7,403, for SI,OOO. Ro. Tyler, Register,” except the dates, which, of course, are all different, beginning at January 1, 1865, and ending with July 1, 1894.