The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1861-07-29

payable at any designated place, either in
the United States or in Europe, and may is
sue registered or coupon bonds for the
amount thus negotiated, agreeable to the
provisions of this act, bearing interest pay
able semi-annually, either in the United
States or at any designated place in Europe;
and he is further authorized to appoint such
agent or agents as he may deem necessary
for negotiating such loan under his instruc-
tions, and for paying the interest on the
same, and to fix the compensation of such
agent or agents, and shall prescribe to them
all the rules, regulations, and modes under
which such loan shall be negotiated, and
shall have power to fix the rate of exchange
at which the principal shall be received
from the contractors for the loan, and the
exchange for the payment of the principal
and interest in Europe shall be at the same
rate.
Sec. 6. And be it further enacted, That
whenever any Treasury notes, of denomi-
nation less than fifty dollars, authorized to
be issued by this act, shall have been re-
deemed, the Secretary of the Treasury may
reissue the same, or may cancel them and
issue new notes to an equal amount; PTOgi-
ded, That the aggregate amount OF bonGs
and Treasury notes issued under the forego-
the full amount authorized by the first sec
ton of this act and the power to issue or
reissue such notes shall cease and deter
mine after the thirty-frst of December,
eighteen hundred and sixty-twO.
Sec. Z. Ind be IL further enacted, That
the Secretary of the Treasury is hereby au-
thorized, whenever he shall deem it expedi-
ent, to issue in exchange for coin, or in
payment of public dues, Treasury notes of
any of the denominations hereinbefore spe-
CITED, bearing interest not exceeding six
per centum per annum, and payable at any
timeehot exceeding twelve months from
date, provided that the amount of notes so
issued or paid shall at no time exceed TWEEN
ty millions of dollars.
Sec. 8. Ind be 1t further enacted, That
the Secretary of the Treasury shall report
to Congress, Immediately after the COM
mencement of the next session, the amount
he has borrowed under the provisions of
this act, of whom, and on what terms,
with an abstract of all the proposals, des-
ignating those that have been accepted and
those that have been rejected, and the
amount of bones or Treasury notes that
have been issued for the same.
Sec. 9. And be 1t further enacted, That
the faith of the United States is hereby
solemnly pledged for the payment of the
interest and redemption of the principal of
the loan authorized by this act.
Sec. 10. Aaad be 1t further enacted, That
all the provisions Of the act entitled, An
act to authorize the issue of Treasury
notes" approved the 23d day of December,
1857, so far as the same can or may be ap-
piled to the provisions of this act, and not
inconsistent Herewith, are hereby revived
or re-enacted.
Sec. II. And be it further enacted, That,
to defray allthe expenses that may attend
the execution of this act, the sum of two
hundred thousand dollars, or so much there
Of as may be necessary, and the same is
hereby appropriated, to be paid out of any
money in the Treasury not otherwise ap-
propriated.