The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-01-29
CITY OF WASHINGTON FRIDAY NIGHT, JANUARY 49, 1877

ed treasury note issued as aforesaid knowing the to
be falsely altered every such person shall be deemed and
adjudped guilty of felony and being thereof convicted by
due course law shabe sentenced TO be imprisoned and
kept hard labor for period not less than three years nor
more years, and 10 be fined IN sum not exceeding
SEC 10 And be ii further enacted That if any
snaayed or n sn have in his custody or possession any
metallic plate engraved AFTER the simi,ude Of any plate
from which any issued aforesaid shall have been
printed, with intent such pate or cause or ster
the be used in forging or coanle elt,ng any OF the
notes issued rs aforesaid shall have in his custody or
possession any blank notes engraved and printed
after smiude Of any notes issued as aforesaid with
intent to use such blanks suffer the same 10 De
used forging coteretng OF the notes issued as
aforesaid, shah have n his custody possession any paper
which any such shall have been ssued WIN intent 70
such paper cause or suffer the same % ~ asaa ~
forging counerieng any o the notes issued a, ai9e
course s sss q a wei Shall C sa T. Imprisoned
kept hard labor for less than tirrc
than years. and fined in sum not exceeding five loi
SEC H. Ind BE- it further epacted, That The Secretary Of
the Treasury be, and is hereby, authorized % make
and issue, from time to time, such instructions rules and
%6ey Repositories, and all others who may be authorized
to receive the said notes on behalf Of and ms
Satekeepng disposition. return, and csnteng o the said
paid and received by them respectively and
to their aud returns the department OF such
ceipts may to him best calculated to promote the
public interests and convenience, and secure the United
States and the holders OF The notes against fraud and
losses.
SEC H. And be il further enacted, That, in lieu of the
notes may be issied Iyopidsd hoseper The amount
such notes outstanding together 9Th the stock issued by
virtue the thirteenth and sixteenth tos of ils
shall exceed the OF tweny-tlree millions OF dollars
SEC l3 Ind be i further enacted That shall be lawful
for holders the aforesaid treasury present
them, at n,e TO the treasury Oh The United states, o.
TO any assistant or to such collectors o. me M ~
Secretary OF the Treasures and the holders OF the said tres-
principal of the said in certificate certificates oi
funded Stock bearing interest at six centu per an
num- from the date Of such Presentment of said treasury
nd for he he
stock thus be issued shall be transferable the books Of
That Sa be aw for she unfed States
the stock titus created any time after the last day Of De-
SIC H. And be Il further eaaetid fat Stall and may
be lawful for the holder OF any treasury notes issued or
passed to convert the same certificates of funded stock
upon the and in the manner herenefore
SEC. 10, AID &c i further enacted, That the authority to
issue treasury authorized by tie "Ac authorizing
issue Of treasury notes and oan, approved July twenty
second thousand eight hundred and ioryslX be- and
the treasury authorized by this act and the
same terms and conditions herein specified: Prop a
That the treasury authorized by this section shall no
SEC l6 And be further tnaeted, That the President, i
in his opinion shall be the interest of the United States sc
do, instead Of issuing the whole amount of treasury notes
authorized by the first section of this act, borrow, on
the credit Of the United States such amount Of money
he may proper and issue therefor stock Of the Uni
ted States bearing interest ut rate not exceeding SIX PEI
cenum per annn for the thus borrowed redeenaolt
en- Proridea Ao"ss That 5e sum borrowed, loseiIs
with tile treasury notes issued Under the first and twelfth
sections of this outstanding and the stock created by
this and the thirteenth section of this act sia not ~
the whole exceed tho Of twentyhree millions OF dol
ars And oridd further, Tint no stock shall be issued a
a less rate than par.
SEC II. And be further enacted That the interest OF
the stock created by this shall be payable
the first days Of January and July n each year
be Issued under this shall be signed by the Re
gsat Of the sas IA and the re- ~ o sa, g w M
seal of his department.. =. s.tu
SIC 49, Had Be it further enacted That for tie Paynen
OF the stock which may be created under the provisions
this act the sales of the public lands hereby pledged
and is hereby made the duty of the Secretary OF the
Treasury and apply all moneys which may DC re
ccved into the treasury for the sales of the public lands at
ter the first day of January eighteen hundred and iory
eight first to pay tile interest all stocks issued by virtue
of this act and secondly to use tile balance OF sad re
ceps after paying the interest aforesaid in the purchase
of said their market value, provided no more
than par shall be paid for said stocks.
ceeding twenty thousand dollars be paid of any
appropriated money in the treasury be, and the same
hereby appropriated for deayng the expense OF prepar
ing, printing, engraving, and otherwise, incident TO m
issuing of the treasury and stock authorized by tins
acts Propidcd, That no compensation shall be made U
any officer whose salary is fixed by law, for preparing
signing issuing treasury notes, certificates OF Stock
= SEC 81 And be further enacfed, That i shall be- ant
hereby is made the duty of the Secretary OF the Treasury
statement to be publish monthly Of the amount
provisions of this and that the to issue treasury
notes conferred the President OF the United States ny TIN
act shall and determine months after the exchange
and ratification OF treaty OF peace with ue republic
Mexico
SIC ~ Ard be it further enacted That it shall be thu
duty of the Secretary the Treasury report to Congress
al the of each session the amount OF treas
ury notes which have been issued under the provisions
this the amount redeemed, and the manner IN Wnci
redeemed the amount purchased, and OF whom, ana a
what time purchased and the amount ressned, stating
. lieu of which redemption they reissued, win he oa
! of such reissue during the preceding year
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