Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-12-15
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,aents and of ihiY,'Ising the cooperation
81 the .nonied Institutions and nreniedl
men &c lie United States, ID plans for
restaIing an Uniform national currency.
with these views various measures were
i: Al & authority was given to raise BY
Ioa,3 a sun, not exceeding Q, 000, 900 Of
dollars particularly destined to provide
Tor the expenditures of fhe last quarter
Ief the year i8i41 and to create stock
for the amount. reimbursable at any time
after the Sfst OF December 1914 No
limitation vas prescribed as to the rate
of interest, or the price of the stock, but
1T was declared, that in payment Of sub
Iscaptions to this loan, on to loans autfla-
rised by any otifer act of congress, it
should be lawful to receive treasury
notes becoming due on or before the ist
Iof January. 1915, at tlieir par value, to-
ge,ber with the interest accrued.
lie paymept ofthe interest, and TIE
redemption, or the purchase ofthe stock
10 be thus created, were charged upon
The sinking fand, but the act contained
These further assurances: LIST. That in
addition to the annual sunot S,000,000
i0f dollars heretofore appropriated to the
sinking sanl, adequate and permanent
funds Should be provided and apa'opri-I
ated, during the session Of congess, tor
the payment Of he interest, add the re-
endorsement OF the frincipsl Of the
stock; and IDLY, That an adequate and
permanent sinking fund. gradually to re-
duce, and eventually 70 extiegulsh the
public debt, contracted dulirg the war;
should also be established during thet
same session Of congress.
9. An authority was given to antici-I
pate the collection and receipt OF the da-,
ties on licenses to distillers of-spiritim.s,
liquors. and on distilled spirits, by o.
flaming A loan upon thc pledge Of the da-
ties, to IA amount not exceeding $500,
0go.oi dollars, and at a rate of Interest,"
not exceeding six per cent. per annum,l
and a similar. authority was given tot
raise a IKE sum, at the same rate, by the
pledge of d direct tax.
S. an authority was given to ISSUE
treasury notes, for SO much OF the sums
authorised to be borrowed under the actsl
OF the 24th of March, and the 18th of
1914. as had not been bor-
reuei or otherwise employed in the is
sue Of treasury notes provided, that the
whole amount should not exceed the sunni
Of $500 600 dollars. and by the samel
act, an authority was also given to issue
4 furtber sun of 100000 dollars, toll
supply deficiency in the appropriations
for the expcnces Of the war department.
The treasury notes issued under these
authorities were in ali respects slmilarI
to the prior issues of treasury notes, ey j
cept that,ihe payment OF the interest
aud the reimbursement 81 the principal
we're not, as heretofore, charged upontheI
linking fGnd, but upon any money in thel
treasury, fototherwise appropriated.
4. An authority was given TO issue andI
reissue treasury notes for sum Rotex-E
ceediug q, 0Q0, goo of dollars. upon pria-t
ciples essentially different from tie pri-l
or issues.
1. These treasury notes might De OF any
denomination. II they were OF DEL
nomihation less thai. l00 dollsrs, theyf
were to be PAYABLE to the bearer, toI
be transferable BY delivery, and tol
bear no interest. This slenominatinnt
has acquired the designation Of SMALL
treasury notes. Itthey were OF the
demonstration Of lGo dollars. or np-l
wards. they might conform to the
foregoing description or they were
to be payable to order, to be tranlera-
bic BY endorsement, and TO bear IN
terest at the rate Of 5 2-5 per cent.
Der annun. This demon nation lot
which only notes for 100 dollars, bear
inc interest, have been issued) has
acquired the designation Of treasury
notes Of the new EMISSION
J. The principal and interest OF these
Treasury Notes are not payable at
any particular tine but the Mates are
every where receivable, in all pay-
ments to the Z. States. II
!. The holders Of" small Treasuryli
Notes. may exchange them, at plea
sure, in sums not less than 100 dollars |;
for certificates of funded stock, bear
ing interest at z per cent. per annnml
from the first day Of the Calender
month next ensuing that in which the
Notes shall be presented tothe Trea-
n,,r,, nf the y. Sfafps. Or to n Fnfninis.