Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1815-12-14
specified in the annexed table marked

one family, with certain exceptions) |
exceeding 200 dollars in money, ao-
corhing to scale graduated from l |
dollar On vaue Of 800 dollars, to 100 |
dollars on value of 1000 dollars.
On every gold watch kept for use |
dollars.
On every silver watch kept for use
l dollar.
But b, SIDES establishing these sources of
reve'ue (ind others were contemplated at
the period, when the treaty of Client was
announced) congress sought to confer upon
the treasury the means of anticipating the
collection OF the duties Of recovering the
punctuality of its payments and of invit-
ing the cooperation of the monied institute
tons and moned men of the United States.
in plans for restoring an uniform national
currency. With these views various ,nea-
sures were sanctioned.
/. An authority was given to raise by
loan sum not exceeding 5000, coo of dol
lars, particularly destined to provide for
the expenditures of the last quarter of the
year 1919, and to create stock for the a
mount, reimbursable at any time after the
31st of December, 1914. No limitation
was prescribed as to the rate of interest,
or the price OF the stock, but it was declar-
ed, that in payment of subscriptions to this
loan, or to loans authorised by any ether act
Of Congress, it should be lawful TO receive
ire sury notes becoming due on or before
the LIST OF January, 1915, at their par value,
together with the interest accrued.
The payment of the interest, and the re-
demption, or the purchase of the stock to
be thus created, were charged upon the
sinking fund. hut the act contained these
further assurances: LIST. That in add ton
~. 6 q
| heretofore appropriated to the sinking
| fund, adequate and permanent funds should
| be provided and appropriated, during the
| session of congress. for the payment of the
| interest, and the reimburs mcnt of the
| principal of the stock: and 2dIy. That
IN adequate and permanent sinking fund
| s. adualy to reduce, and eventually TO ex-
nguish the public debt, contra ted during
| the war, should aisn be established during
! tn" same ses ion Of congreS SIS.
| 2. An authority was given to anticipate
| the coll cion and receipt of the duties on
| licenses to dist Hers of spiriiuous Liquors.
| and on rlistiIl"d spiri s, by obtaining a loan
| upon the pledge of the duties, TO an amount
not exceeding 100000 of dollars, and at
| rate of interest not exceeding SIX per
! cent. per annum, and similar authority
was given to raise a like sum, at the same
rate, by the pledge ola direct tax.
| 3. An authority WAS given to issue Trea-
| sury Notes, for so much of the sums au-
| thorised to be borrowed under the acts o.
| the 24th of March, and the 18th of No
vember, 1914, as had not been borrowed,
| or otherwise employed in the issue of Trea-
| sury Notes; provided, that the whole a
mount should not exceed the sum of z 500
| 0G0 dollars. And by the same act, an autho-
rity was a so given to issue further sum OF
100000 dollars, to supply deficiency in
the appropriations for the expences of the
War Department. The Treasury Notes
issued under these authorities were in al
respects similar to the prior issues OF Trca-
sury Notes, except that the payment oil
| the interest, and the reimbursement of the
| principal were not, as heretofore, charged
upon the sinking fund, but upon any money
in the Treasury, not otherwise appropria-
ted.
a. An authority YVES given to issue and
reissue Treasury Notes for sum not ex-
cecding IS 100000 of dollars, upon prnci-
pies essentially different from the prior is
sues.
l. These Treasury Notes might be of any
denomination. If they wer- of denomi-
nation less than 100 dollars, they were
| to be payable to the bearer, to be trans
terable by delivery, and to bear no inter
est. This denomination has acquired the
| designation Of small Treasury Mites
1t they were of the denomination of 100
| dollars, or upwards, they might Conform
to the foregoing description or they
were to be payable to order, to be trans
| terable by endorsement, and to bear in
! tercst at the rate of 2-5 per cent. Der
| annum. This d nomination (of which
| only Notes for 100 dollars, bearing in
| terest, have been issusd) has acquired
| the designation of" Treasury Notes oil
the new emission"
| 2. The principal and interest of these
| Treasury Notes arc not payable at any
| particular time; but the Notes are eve
ry where receivable, in all payments to
the United States.
s. The holders Of " small Treasury
| Notes" may exD hange them at pleasurc
III sums no less than 100 dollars, for GER
| tihcates of funded stock, bearing Interest
| at per cent. per annum from the frs,
| day of the Calendar month next ens1lirq
that in which the Notes Shall be present
ed to the Treasury of the United States
| or to a Commissioner Of Loans. for the
| purpose of exchange.
4. The holders of " Treasury Notes of the
! new emission" may exchange them, a,
| pleasure, IN SUMS not less than 100 dol.
| lars, for certificates of funded stock
| bearing interest at 6 per cent. peraGnum
| from the first day Of the Calendar month
| next ensuing, that in which they shall be
| presented To the Treasury Of the United
| States, or a Commissioner of Loans.
\ ;. he stock thus created by the exchange
! OF Treasury Notes, of either denomin5 =