The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-01-29
tPuBLIc--No. ~
AN ACT authorizing the issue of treasury notes. loan and
fpr therp IruOs


AN ACT authorizing the issue of treasury notes, loan, and
for other purposes.
Be enacted By the and House of Representatives. Of
the United States Of America in Congress assembled That the
President Of the United States is hereby authorized to
treasury notes. for such sums as the exgencies OF the
may require but exceeding III the whole
amount Of issued, the of twenty three millions of
dollars and OF denominations not less than fy dollars Tor
any note, be prepared signed and issued, in the
manner hereinafter provided
SEC O. And be further enacted That the said treasury
authorized be issued by the first section of this
shall be reimbursed and redeemed by the United States at
the treasury thereof after the expiration OF one year or two
years ire the dates of the said respectively from
which said dates they shall bear such interest until they shall
be respectively redeemed shall be expressed upon the face
issue of the said notes shall be fixed by the Secretary Of the
Treasury, by and with the advice and appreciation of the
of six per cennm per annnm Provdea, That after the
maturity of any of said notes, such interest shall
any TIME by the Secretary of the Treasury, in one
more of the principal papers published at the scat OF
government of readiness to redeem the The reim
busement herein provided for shall be made the
OF the United States to the holders of the said notes re-
spectvey, upon prcsentmen and shall include the prnc
pal oeach noe and the interest which may be due there
the time of payment. For this reimbursement at the
States is hereby soIemnly pledged.
SEC And be further enacted, That the said treasury
shall be prepared under the direction of the Secretary
Of the Treasury, AND shall he signed behalf OF the uni
ted States by the Treasurer thereof and concrssned by
the Register of the Treasury and that those officers re-
spectvey sa checks upon each oter and to secure
the public safety keep separate full and accurate ac
counts OF the number date, denomination, and amounts OF
all the signed and countersgned by them respective
l which said shall be entered in book or books
to be provided Tor that purpose and carefully preserved IN
the Treasury Department; and also similar accounts,
kept and preserved in the of all the said notes
redeemed, the same shall be returned and cancelled
and the Treasurer shall further accou Quarterly, for all
such delivered to him for signature issue by the
Register The Treasurer and Register of the Treasury
hereby authorized, by and with the consent and approba
ton OF the Secretary of the Treasury employ such add
by this ad ay render ae PppS ad
Der shall exceed five, and with salary of not than
SEC 4 And Je further enaeied, That the Secretary of
the Treasury ishereby authorized, with the appreciation OF
the President of the United States, TO cause TO be issued
such portion OF the said treasury notes as the President may
think expedient in payment of debts due by the United
States, to such public creditors, other PERSONS as may
choose receive such notes in payment aforesaid AT
par And the Secretary of the Treasury is further author
zed, with the appreciation OF The President OF the United
States, borrow from time to time such the Pres
ident may think expeden the credit OF such notes
rortded howecr That no treasury notes shall be pledged
hypohecated sod disposed OF in anywise for any pur
pose whatever. directly indirectly for any less than
the OF such including the principal and in
terest thereon, when disposed Of
SEC g. And Dc further emoetcd, That the said treasury
shall be transferable, by delivery and assignment en-
dosed thereon by the person to whose order the same sn
on the face thereof have been made gayat,e. ,.u,,,
shall be received in payment of all duties and taxes
laid by the authority United States, OF all public lands
sold by the said authority, and of all debts to the United
States any character whatsoever which may be due and
payable the when said treasury notes may be 50 +
fered in payment and on every such payment credit si
be given for the amount of the prime and interest which,
the day such payment I've due the note or notes
SEC l. And b. Il further enaced That every collector,
receiver of public moneys. other officer agent OF the
United taes SHALL the receipt of any notes IN
payment the governments take from the holder thereof
receipt the back of each of said notes, stating distinctly
the date and the amount received and shall keep accord
ing such shall be prescribed by the Secretary OF
the Treasury, entries OF whom receved the number,
date and respective of principal and interest OF
each and treasury thus received and on de-
verng the same the Treasury, shall receive credit for
the paid prescribed in the last secon provided
shall appear.
SIC. $. And Be futhe, enacted That the Secretary Of
the Treasury be- and he is hereby, authorized and directed
TO be reimbursed and paid the principal and inter-
est OF the treasury which may be issued by virtue OF
this act, at the several time and times when the sae ae-
codng the provisions of this act should be thus REIN
bursed and paid. And the said Secretary further author
lied make purchases of the said par for the
of the prime pal and interest due the time of pur
chase such Aud much OF uunppopriaed mon
ey in the treasury may be necessary for that purpose Is
hereby appropriated for paying the principal and interest OF
said notes.
SIC g. Ind be further enaciod, That If any person shall
falsely make, forge counterfeit procure 70 be
falsely made, forged, countereed, willingly aid or
sst in falsely making, iogng, or couniereitng any note in
imitation Of purporng be, treasury note aforesaid,
shall falsely alter, procure be falsely alter
ed or willingly aid assist in falsely altering, any treasury
issued said shall pass, utter or PUBLISH OF
attemptto pass publish true alse foged on
countseted pporng to be treasury note rs aore
said knowing the be falsely forged or counterfeit