, 1858-12-03

ury notes as shall have been counterSgned
bv the register and delivered TO the treasu-
rer for issue.
SIC. 4. And Be Il further endeted, That
the Secretary Of the Treasury is hereby
authorized, with the appreciation Of the
President, 10 cause such portion Of said
treasury notes as may be deemed expedi-
ent TO be issued by the treasurer in pay
ment Of warrants in favor OF public credi-
tors, or other persons lawfully entitled to-
such payment, who may choose TO receive
such notes in payment at par. And the
Secretary OF the Treasury is further author
lied, with the appreciation Of the Presi-
dent, to borrow, from time to time, such
sums Of money upon the credit Of such notes
as the President may deem expedient:
PrOridea, That no Treasury notes shall be
pledged, hypoihecated, sold, or disposed Of
in any way, for any purpose whatever,
either directly or indirectly, for any sum
less than the amount Of such notes, inclu-
ding the principal and interest thereof.
SEc. 8. And Be IL further enacted, That
said treasury notes shall be transferable,
by assignment endorsed thereon by the
person to whose order the same shall be
made payable, accompanied together with
the delivery Of the notes SO assigned.
SIC. 6. And Be Il further eHaefed, That
said treasury notes shall be received by the
proper officers in payment Of oil duties and
taxes laid by the authority Of the United
States, Of oil pnblc lands sold by said au-
thoriiy, and Of all debts to the United
States Of any character whatever, which
may be due and payable at the time when
said treasury notes may be offered in pay
ment thereof; and upon every such pay
lment credit shall be given for the amount
Of principal and interest due on the note or
notes received in payment on the day when
the same shall have been received by such
officer
SEC. I. And Be IL further enacied, That
every collector Of the customs, receiver of
public moneys, or Other officer or agent Of
the United States who shall receive any
treasury note or notes in payment on ac-
count Of the United States, shall take from
the holder Of such note or notes q receipt,
upon the back Of each, stating distinctly
the date Of such payment and the amount
allowed upon such note; and every such
officer or agent shall keep regular aud spe-
siic entries Of all treasury notes received 10
payment, showing the person from whom
received, the number, date, and amount Of
i principal and interest allowed on each and
every treasury note received in payment;
which entries shall be delivered to the
treasury, with the treasury noie or notes
mentioned therein, aad, II found correct
such officer or agent shall receive credit for
the amount, as provided in the last section
Of this act.
SIC. 8. And Be 20 further enacted, That
the Secretary Of tho Treasury be and he
hereby IS authorized TO make and issue,
from time TO time, such instructions, rules,
and regulations to the several collectors,
receivers depositaries, and all others who
may be required to receive such treasury
notes in behalf Of. and as agents in any ca
lpacity for, the United States, as to the
lcustody, disposal, caneelling, and return Of
any such notes as may be paid to and re-
ceived by them. respectively, and as to the
accounts and returns to be made to the
a Treasury Department of such receipts as
Z be shall deem best calculated to promote
the public convenience and security, and to
protect the United States as well as indi-
viduals from fraud and loss.
SEC. .. AMd Be IL further enacted, That
the Secretary Of the Treasury be aud be
hereby is authorized and directed to cause
to be paid the principal and interest Of
such treasury notes as may be issued under
this act at the time and times when, &C.
cording to its provisions, the same should
be paid. And the said Secretary is further
authorized to purchase said notes at par
for the amount Of principal and interest due
at the time Of the purchase on such notes.
And so much of any unappropriated money
iu the treasury as may be necessary for the
purpose Is hereby appropriated to the pay
ment Of the principal and interest of said
notes.
SEC. 10. And be IL further enacied, That,
in place Of such treasury notes as may have
been paid and redeemed, other treasury
notes TO the same amount may be issued
PrOrided, That the aggregate sum out
standing, under the authority Of this act,
shall at no tune exceed twenty millions of
dollars: And Proridel further, That the
power to issue and reissue treasury notes,
conferred. on the President of the United
States BY this act, shall cease and deter
mine on the first day of January, eighteen
hundred aud fifty-nine.
SEC. ii. ARd be IL Jarller enaeled, That
to defray the expenses of engraving, print
ing, preparing, and issuing the treasury
notes herein authorized, the sum Of twenty
thousand dollars is hereby appropriated, to
r be paid out of any unappropriated money
in the treasury: s'Proridsd, That no com
pensation shall be made to any officer
whose salary is fixed by law, for preparing
signing, or issuing treasury notes
SEC. IL. And be 1t further enacted, That
if any person shall falsely make, forge, or
counterfeit, or cause or procure to be false
ly made, forged, or connterfeited, or will
lingly aid or assist in falsely making, forg-
ing, or counterfeting, any note in imitation
| Of or purnortinp to be n treasury NOTE is