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Browsing named entities in Comte de Paris, History of the Civil War in America. Vol. 2. (ed. Henry Coppee , LL.D.). You can also browse the collection for July 17th, 1861 AD or search for July 17th, 1861 AD in all documents.

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Comte de Paris, History of the Civil War in America. Vol. 2. (ed. Henry Coppee , LL.D.), Book VII:—politics. (search)
be imposed, and by borrowing the sum of two hundred and forty millions. Congress, which was then discussing the resolution calling for five hundred thousand volunteers, raised this amount to two hundred and fifty millions by two enactments of July 17th and August 5th, 1861. It authorized the Secretary to negotiate a loan, in part or in full, under either of the following forms: 1st, the sale at par of scrip bearing seven per cent. interest, redeemable at par after twenty years; 2d, the issuehigher than the market price. Their third payment was reduced by this act from fifty million to forty-five million seven hundred and ninety-five thousand four hundred and seventy-eight dollars. The sums realized by the application of the law of July 17 and August 5, 1861, resolved themselves as follows: Taken by the banks, notes bearing 7.30 per cent. interest$100,000,000 Taken by the banks, bonds bearing 6 per cent. interest45,795,478 Debts liquidated with treasury notes14,019,034 Borr