Confederate Congress
First session.
Senate.
Yeas.--Messrs. Brown, Burkett, Clay, Clarke, Davis, Henry, Mitchell, Orr, Sparrow, and Semmes--10.
Nays.--Messrs. Barnwell, Haynes, Hunter, Oldham, Phelan, Peyton, Preston, and Wigfall--8.
Mr. Haynes offered the following resolution, which was agreed to:
‘ Resolved, That the Committee on Finance be directed to inquire into the expedioncy of providing by law for obtaining, by way of loan, for the use of the Confederate States Government on the bonds of said Government, having twenty years to run, at an interest of eight per cent per annum from the time when the blockade now upon the Southern ports shall have been removed, such quantity of cotton now on hand in the Confederate States, or the Secretary of the Treasury may be able to procure, and report by bill or otherwise.
’