Legislatures (or Conventions) of the several States, as Amendments to
the Constitution of the United States, all or any of which Articles when
ratified by three-fourths of the said Legislatures (or Conventions) to
be valid as part or parts of the said Constitution, namely:

"'ARTICLE--Every State wherein Slavery now exists, which shall abolish
the same therein, at any time, or times, before the first day of
January, in the year of our Lord one thousand nine hundred, shall
receive compensation from the United States, as follows, to wit;

"'The President of the United States shall deliver to every such State,
bonds of the United States, bearing interest at the rate of per cent.
per annum, to an amount equal to the aggregate sum of for each Slave
shown to have been therein by the eighth census of the United States,
said bonds to be delivered to such States by installments, or in one
parcel, at the completion of the abolishment, accordingly as the same
shall have been gradual, or at one time, within such State; and interest
shall begin to run upon any such bond only from the proper time of its
delivery as aforesaid. Any State having received bonds as aforesaid,
and afterward reintroducing or tolerating Slavery therein, shall refund
to the United States the bonds so received, or the value thereof, and
all interest paid thereon.

"'ARTICLE--All Slaves who shall have enjoyed actual freedom by the
chances of the War at any time before the end of the Rebellion, shall be
forever Free; but all owners of such, who shall not have been disloyal,
shall be compensated for them, at the same rates as is provided for
States adopting abolishment of Slavery, but in such way that no Slave
shall be twice accounted for.