Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1837-11-04

Az ACT TO AUTHORIZE THE ISSUE OF
TREASURY NOTES.
n. :, BY the Senate and House OF beP-
...eo,,,ives os the United States Os Amefca
Congress assembled, That the fIessoe. T...s.
II.;ssI states is hereby authorized to canse 10!
49, e. s,ch suI, or sums tho cxsgca-
80. of the Go: ecnmcnt may REQUIRE "o' W.
...d;o, ~, the whole amount o; notes 's'"ea' NV
80. - ,.n ,oions Of dollars, and OF denoE''na-
s;.,.. no. less than 6fy dollars tos an: one no'e,
70 be prepared, signcd c"1 -
hereinafter provided ,~.. H.,
Scc . And be it further enacted, That the
.,A Treasury notes, authorized - be issuea Dy
~. f-., section Of this net, shall bc reimbursed
80 redeemed by the United States, at the ireas-
nv the roof, after the expiration OF one year
FUN the dates Of the said notes Respectfully Ioln
,bich said dates, for the term Ut one ycas' AN"
M Ionger. thew shall bear such interests as shanoe
oxnresscd upon TIC iace Of the said notes, w'cn
rio Of interest upon each several ISSUE ot 'ne
said notes. shall be fixed by the secretary " ,e
T're,s,ry. by and with the advice ana aPpf"ou
ton Of the President, bat shall III NJ case eAoee
shc ,,,c of interest Of SIX per ccntum per annum.
Tho reimbursement herein provided tor snaI DC
.,,,.lc n tho Treasury Of tho United states 10
I'M holder. Of the slid notes respectfully, upon
..os.u,men, and shall include tho principal Of
:,,ch note. aud tho interest which may be due
thereon n, the time Of payment For THIS rcin.-
brrement ut the time and times herein sPec't
81, the faith Of the Cn'tca o'"'cS - ''o'0"y 81
lcmny pledged.
Sec. 3. And be it further enacted, That the
sa;I Trca,ur; notes shall be prepared under inc
direction Of the Secretary Of the Treasury, ana
shall he sirncj, on behalf Of tho United Ssatcs'
bv the Treasurer thereof, and conntersigncd by
10 Rco;.,cr Of tho Treasury; and that those Of
6cer, respectfully shall, checks upon each ON
cr. and to secure tho public safety, keep separate,
G,n AMI accurate accounts Of tho number, date,
donomina ton, and amount Of all the notes signed
ami countersgned by them respectively; wh'cn
said accounts shall be carefully preserved ana
nl,ccd on file in tho Treasury Department; and
.iso. similar accounts, kept and preserved IN tho
samc manner, Of all tho said notes redeemed as
Tho came shall be returned and cancelled; and the
Treasurer shall further account quarterly 1or all
.,ch notes delivered to him for signature or issue
by the Register. The Treasurer and REGISTER
Of the Treasury nro hereby a"thor,zed' ny an"
Nth the consent and appreciation OF tho Secrc-
e,,v Of tho Treasury, to employ additional tenn
oornrv clerks as tho duties cnjoined upon thcm
bv this section my render necessary: Provided,
es,d number shall not exceed four, and with sal
a,y Of not more than ut the rate OF twelve nun
drcd dollars to each per annum.
Sec a. And be it further enacted, Ihnt the
Secretary Of tho Treasury is hereby authorized
with the appreciation Of the President Of the Uni
tai States 10 cause To DO issued such portion OF
the said Treasury notes, as the rrcs'dentm may
think cxpcdicnt, in payment OF debts due ny the
u. States to sucl, public creditors or other per-
eoos M NAV choose to receive such notes IN pay
nan, n. aforesaid. at par. And tho Secreta-
~ ~ the Treasury is further authorized with
ske ouDrobation Of tho President Of the United
States, to borrow from timo to s'me, oos "ooer
M. auch sums NJ the President may think expo
dent, on the credit Of slch notes.
Soc. s. AMI DO it further enacted, NAT ."e
;, Treasury notes shall be transferable by dcIiv-
~ and assignment endorsed thereon by the per
~. IN vvhe,se order the same shall, on the lace
,hcreof. have been rp,dc payable.
Sec. 6. Anibc 1t further c"ac.e:, !" ,.v .
aid Treasury notes shall bc received ~ pay
80. On all duties and taxes laid BY the au'norty
- tho limited States, Of all public lands 500 by
- e,;d authority, AMI all debts to the On"oo
States. Of any character whatsoever wni:n may
~ due md "a yablc at the time whcn sa'o Ioas
n,v notes NAV be Sd offered in payment. AND, ON
.x.rv .uch nav n,cnt credit shall be given tor the
.mo,nt Of tho principal and interest WHICH, on
~. dav Of such payment, may he due ON inc no'e
or notes thus given in payment.
Sec. Z. And be il further cn1cted, Inat any
uar,on making payment TO the United states !"
such T'reasury notes, into the hands OF any COL
800. ...c;vcr of public moneys, or other pub
lie officer or agent, shall on books, kept according
IN such forms as shall be prescribed by tno sec
r,tarv OF the Treasury, give duplicate ccr."'-
eaies Of tho number and respective amount "
urincin,l and interests Ot cuCn anu every Iva"
s,rv note thus paid by such person; and every col
lec,or. receiver Of public moneys or other Puoiic
offccr or agent, who shall thus receive any Of
the said Treasury notes in payment, shall on pay
men, of the same receive credit both for Pr!nc''
oai and interest computed as aforesaid, which 0"
the day Of such last mentioned payment shall aP.
ncar duo on the motto thus paid in, and he shall
- ch,rpcd for the interest accrued on such note
or notes from tho day on which the same shall
have been received by him in payment as afore,
aid TO the day on which the same shall be Pa'd
by him ~ forcsaid.
Soc. g. And be it further enacted, that the
Secretary Of tho Treasury be, and no Is hereby
authorized aud directed to cause to be reimbursed
mi paid the principal and interest Of the Treas
urv notes which may be issued by virtue OF th's
act. at the several time and times when the same
according TO the provisions IT this act, should b
reimbursed and paid. And tho said Secretary
Is further authorized to make purchases OF the
said notes. Mt par, Cor tho amount Of the Princ'P.
and intcres, due at the time Of purchase on such
notes. AMI 50 much Of any nnsPPruprfsrcd mon
evin the Treasury may DO necessary tor that
uurpoec, is hereby appropriated, for paying the
nr;ncipal and interest u said notes.
Sec. Q. And be il further enacted, That sun
NO, exceeding twenty thousand dollars, to be Pait
-scJ in - TfssAQu n