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The Daily Dispatch: September 8, 1863., [Electronic resource], Governor's Message. (search)
h, is therefore an impossibility, and the circulation thus rejected cannot be retired in this way. Congress, feeling the difficulty, and desirous to compel the funding, passed an act which provides that all notes of issues previous to December 1st, 1862, should be fundable in eight per cent bonds, if presented by the 22d day of April, 1863, if not presented by that day, but presented before the 1st of August, 1863, they were then fundable in seven per cent bonds; and these issues are not fundable at all after the 1st of August. Notes issued after December 1st, 1862, are fundable in seven per cent bonds until August 1st, 1863, and after that date in four per cent bonds. Notes issued after April 1st, 1863, are fundable in six per cent. bonds if presented in twelve months from their is she; but if not so presented, they are fundable in four per cent. bonds. This looks to me very much like a repudiation to some extent of the obligations assumed by the Government; and it is not, th