| From the Jacksonville (Ala.) Republican |
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| July 18, 1861 |
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| Confederate Bonds & Notes to be taken as Cash |
| At an annual Convention of the
Stockholders of the Ala. & Tenn. River Rail Road Co., held at the Shelby
Springs, on the 10th instant, the Convention resolved, and recommended
to the Board of Directors, to receive the Bonds and Treasury notes of
the Confederate States in payment of all sums due, or to become due to
this company. This company will receive the bonds and Treasury notes as
cash: this is a move in the right direction -- this is putting the
ball in motion -- this will introduce the bonds and notes of the
Confederate States -- give circulation to them -- give confidence -- and
in a short time they will be sought after as the best investment that
can be made. |
| They are now much better, and better
secured than the Bank paper of any of our banks. |
| We will testify our approval of these
resolutions by saying, that we will take Treasury notes for all sums due
us in this office. Here are the resolutions: |
| Robt W. Smith, of Dallas, offered the
following resolution, which was unanimously adopted: |
| Resolved, That this Convention
recommend to the Board of Directors to adopt a resolution to receive at
par, the Bonds and Treasury notes of the Confederate States in payment
of all sums due or to become due to this company. |
| John W. Lapsley, of Dallas offered the
following resolution: |
| Resolved, As the sense of the
members of this Convention, that the Bonds and Treasury notes, of the
Confederate States, ought to be received at par, in payment of all
debts, and we who compose this Convention hereby agree, and pledge
ourselves individually, to receive them for all sums which may be owing
to us. |
| Resolved, That the public Journals
be requested to publish the above resolutions. |
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