New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-12-21
THE TREASURY NOTE BILL.


entatiyes of the United States Of Amedes Ia Con.
ress assembled, That the President Of the Unitef
States hereby authorized 20 csuse treasury notes Tor
UGH sum or Sums as the e1igercies OF tne paohc ser
vice NAV require but not to exceed at sny tine ths
amount Of 500 0G0 900, and OF deuominanons not ss
than slOO for any such note, TO be prepared rgnsa
and issued In the manner hereinafter provided:
SIC. 2. Andbe further enacted, That such treasury
Totes sbsll be paid and redeemed by the CGed sste
at the Treasury thereof after the expiration Of oes
year from the dates Of said rotes from which da!ss
until they shall be respectively paid and redeemsa
they shall bear such rate OF interest ss thall be 81
pressed In said notes which rate Of interest upon the
rst Issue which shall not exceed s600O 0o0 OF sues
notes she be fixed by the Secretary Of the Treasury
with the appreciation Of the President but shall In 20
case exceed the rate Of six per centum per annuai.
The residue shall be raised 10 whole part. after
public advertisement Of not less than thirty days, a.
the Secretary Of the Treasury may direct by exohaos.
ing them, at their par vaius Tor specie 70 the bldd1
OF bidders who shal agree to make such exchanges
the lowest rate Of interest, not exceeding SIX per
centum upon the said notes PrGrtded, That after ne
maturity Of any CT said notes, Interest thereon shsu
cease at the expiration OF sIfy days notice OF Esa.
ness to pay and redeem the same, which may q saJ
time or times be given by the Secretary OF the TrsM
ury in or more newspapers published at the sea.
of Government. The payment or redemption Of ssid
notes herein provided shall be made to the ewiu
holders thereof respectively upon presentment 81 hs
Treasury and shall include the principal Of each nots
ard the interest which shall be due thereon. And f0
such payment and redemption, at the time or TINES
Eerein epeclneO, tDe Iditu onso7 !" NV
by solemnly pledged.
Src 3. And be II further enacted, That such treas
uIy notes shall be prepared unde, tbs direcon Of !as
Secretary OF the Treasury, and shall be igned 10 ~
and countersigred by the Register of the Tressay.
Each OF these officers shal keep In book or pooss
provided for that purpose separate, fun ana scSuI..
accounts, showing the nuInoer, date agouns Gnu Iae
Of interest Of each treasury note sgned ana CONNER
signed by them, respectively; and As9 auiar sccouas
allowing all sush rotes 60 may be paid, redsemed can
celed ss the same may be returned 81 wnion ACCOUNT
,hall be carefully preserved n ihe treasury DsPss
msnt And the Treasurer snail account quarterly for
ali suob treasury notes shall have been coustsI-
signed by The Register and delivered to the Treasurer
for ifsue. . r.,. s.o,..
tsry Of the Treasury il hereby authorised, with the
approbsion Of the President TO cause such Port on
sid treasury notes as may be deemed sKpstent 70 %
ssued by the Treasurer in payment OF ysnsnI. u ~
yor Of public ersde or other 70 ,sc.1s
notes In payment at par. And the Seoretsry OF us
Treasury s further authorised With the spprooauos
Of the President to borrow from tune 70 nne sue,
sumo Of money upon soe edsu % n,oyssS hat no
tresaury Totes sha be pledged, hypothecatsd, sofa on
disposed Of In any way for any purpose wnstevs',
either directly indirectly for ssy sam iets pen quo
amount Of such notes, including the principal and n'
src 5. And te Il furtt<r enacted, That said Tress
ury notes shall be transferable by assignment edo'e1
thereon by the person to whose order the % ,ss
be made payable, accompanied together WIN 'ae
delivery Of the notes so assigned. -,,r...r,,
SEC g. And be Il frrtker enacted Ira, saa itsas.,y
roies shsl be received by the proper oiiSsn ~
the United satss Of ali public aeds sod BY .ad %,
thorty, and Of all debts to the Uoited states Oh S
Character whatever, which may be Que ana vaSsI
at the tine when said Treasury notes may DC smsut
in payment thereof; and upon every sun - ana
credit shsI be given for the amount OF gsoiPal
interest due on the note notes received 70
On the dsy when The same shsu have bean Fe'e''''
| by such officer. ,h., .vsry CD.
,ec,or Of customs. receiver of public moneya oo.y,
ceeer OK agent * tbs Vp,sd ss'ss wb' 'a'' ''''''