The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1814-03-31
LAWS.
PUBLISHEE BY AUTHORITY.
AN ACT

fasues Of the United States of snerica is Csngrsss
sem6ed, That the President of the United States be-
and he is hereby authorized to cause treasury note
for sum not exceeding five millions of dollars TO
De prepared, signed and issued, in the manner here
matter provided.
Sec. 2. ind be 10 further enacted, That the Presi-
dent ofhe United States and he is hereby authorz
ed to cause treasury notes for further and additional
SUN not exceeding in the whole FIVE millions Of dol
lars, such part thereof he shall deem expedent
TO be prepared. signed, and issued, in the manner
herein after provded but the amount of meney bor-
rowed obtained for the notes which may be issued
by virtue of this section, shall be deemed and heid
to be IN part OF the sum which may be authorized To
be borrowed by virtue of any act authorizing loan
which may be passed during the present session of
Congress.
Sec. g. Had BE- further enasfed That the said trea
sury notes shall be reimbursed by the United States
at such places respectively, may be expressed on
the face OF such notes, year respectively after
the day on which the same shall have been issued
from which day OF issue they shall bear interest at
the rate of five and two ffths per centum AR,
payable to the owner Of such notes. u the
treasury or by the proper commiss ioner of loans or
by the officer designated for that purpose, at the
places and times respectively designated on the face
of said notes for the Paymeat Of principal.
Sec. a. find be it further esacted, That the said
treasury notes shall be respectively signed in behalf
of the United states by persons be appointed for
that purose by the President of the United States,
each receive as compensation for that service, at
the rate OF enc dollar and twenty-five cents for every
hundred notes thus signed by them respectively:
and the said notes shall likewise be countersicocd
by the commissioner Of loans for that state where
notes may respectively be made payable, or by the
register OF the treasury, If made payable in the dis
trict ot Columbia, or by person to be appointed for
that purpose by the President Of the United States
II made payable in state for which there is no com
missioner OF loans; which person persons thus
appointed shall also receive compensation for
that service a the rate of dollar and tv N, five
cents for every hundred notes thus signed by him or
them respectively
Sec. D. Ind be tt further enacted That the Secre.
ary OF the Treasury be, and he IS hereby authorized
with the appreciation of the President Of the United
10 Cause 10 De issued such portion Of the said
treasury notes, as the President may think exped;.
ent, IN payment Of supplies debts due bv the Uni;
ted States, to such public creditors or other
as may choose to receive such notes in PAYMENT "a
aforesaid, at par and the Secretary Of the
rs iurth'r authorized, with the appreciation or rnr
PRESIDENT OF the United States, to borrow from time
to time, not apder par, such sums as the Presdent
may think exPedient, on the credit of such notes :,
or to sell, not under par, such portion of the said
notes as the President may think expedient and il
shall be good execution of this provision, to pay
such notes to such bank banks as will receive the
same at par and give credit to the Treasurer of the
United States for the amount thereof on the day on
which the said notes shall thus be issued and paid
to such bank or banks respectively
Sec. g. .7nd b. it further enacted, That the Secre-
tary OF the Treasury be- and he is hereby authoriz
cd, with the appreciation Of the President of the u
nited States, to employ agents for the purpose Of
selling any portion OF the notes which NAV be issued
by virtue OF this act. A commission not exceedjsp
one quarter OF per cent on the amount thus sold
may, by the Secretary of the Treasury, be allowed
to such agent or agents, and a sum not exceeding
twelve thousand five hundred dollars. to be paid out
OF any monies IN the Treasury otherwise appro.
pristed IS hereby appropriated for paying such COM
mission or commissions as may be thus allowed.
Sec z. lind be if further enacted, That the said
Treasury notes shall be transferable by delivery and
assignment endorsed thereon by the person to whose
order the same shah, the face thereof have been
made payable.
Sec 8. .and b IL further enacted, That the said
Treasury notes wherever made payable, shall be
every where received in payment of all duties and
taxes laid By the authority Of the United States and
of all public lands sold BY the said authority On
every such payment credit shall be given for the a.
mount OF both the principal and the interest which,
on the day OF such payment may appear due on the
note or notes thus given in payment; and the said
interest shall Oh such payments be computed at the
rate OF one cent and one hs.f Of a cent Der day on
every hundred dollars Of principal, and each month
shall be computed as containing thirty DAYS
Sec. g. ind be IL further enacted, That any person
making payment to the United states in the said
treasury notes. into the hands Of any collector re-
ceiver OF public monies, or other public officer or A.
gent, SHALL on books kept according to such forms as
shall be prescribed by the Secretary Of the Treasu.
~, give duplicate certificates Of the number and re-
spective amount Of principal and interest of each and
every Treasury note thus paid by such person: and
every collector, receiver of public monies, or other
public officer or agent, whs shall thus receive any
of the said Treasury notes in payment shall on pay
ment OF the into the treasury or into one othe
banks where the public monies are or may be dcpo-
sted receive credit both for the principal and for the
interest computed aforesaid, which, on the day of
such last mentioned payment shall appear due on the
no;e or notes thus paid in; and he shall be chsrg
ed for the interest accrued such notes from
the day on which the saae shall have been received
py him in payment aforesaid to the day OH which
the same shall be paid by him aforesaid Proud
ed always, That no such charge or deduction shall
be made with respect to any bank irto which pay
ments as aforesaid may be made to the United States,
either by individuals, or by collectors, receivers, or