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[House of Representatives—Secret Session.]
HOUSE OF REPRESENTATIVE'S. December 31, 1S63.—Read
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first and secon 1 time*, postpone 1, aud,or lerb'd to he printed, and made
the special order for Monday next, and from day-trjTlay.
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[By Mr. Bovck, from Special Oommittee on Currency.]
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To be entitled An Act to regulate the currency, and provide means
for carrying on the Government.
I Section 1. The Congress of the Confederate States of America do
2 enact, That the taxes falling due after the first day of January,
3 A. D., one thousand eight hundred and sixty-four, except the
4 duties on exports, be, and the same are hereby, made payable in
5 specie, or in tax certificates hereafter to be issued, or in the out-
6 standing treasury notes, at their specie value.
1 Sec. 2 That the Secretary of the Treasury is authorized to
2 issue tax certificates, in anticipation of the taxes for two years.
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1 Sec. 3. That the Secretary of the Treasury is authorized to
issue bonds, hearing six per cent, interest, payable semi-annually,
3 their redemption to be secured by a pledge of specific taxes, the
4 interest to be paid in tax certificates at their specie value, said
5 bonds to be free from taxation, which bonds the Secretary of the
6 Treasury may from time to time, as thd public exigencies may
7 require, sell for what they will bring in tax certificates, or use
S for the liquidation of any indebtedness by the Government, when
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9 the same may be practicable.
I Sec. 4 That the authority heretofore granted to the Secretary
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t of the Treasuiy to issue treasury notes, is withdrawn.
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1 Sec. 5. 'That the outstanding treasury notes are no longer
2 fundable, except at their specie value.
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1 Sec. 6. That the Secretary of the Treasury is authorized,
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2 whenever he may think expedient, to sell from time to time, for
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3 tax certificates, any cotton, tobacco, or naval stores, belonging
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4 to the Government, which may not otherwise be required for the
5 public service.