Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1861-05-23

Columbia, on Monday, the 81 day OF December,
1880. and ended on Monday the 4th day of March,
1851.
JAMES BUCHANAN, President. join c. BREeKIs-
RIDGE, Vice President, and President of the Sen
ate. WILLIAM PESSINeroN, Speaker of the
House of Representative
CHAPTER An Act TO authorize the issue Of
Treasury Notes and for other purposes.
Be enacted by The Senate House Of Repressata-
tives Of the Und States Of america Congress
bLd That the President of fthe United fStatesl be
hereby authorized to Treasury Notes for such
sums as the exigencies of the public service
may require, but not to exceed at any time the
amount of ten millions of dollars. and of deDomi-
nations less than fifty dollars for any such note,
to be prepared, signed and Issued in the manner
SEC q And be IL further snaetsd That such Treas
ury shall he paid and redeemed BY the United
States at The Treasury thereof after expiration
of year from the date of issue OF such notes
from which dates, until they shall be respectively
paid and redeemed, they shall bear such rate of in
terest shall be expressed in such notes which rate
of interest shall be six per eentum per annum Pre-
Ued, That after the maturity of any of said notes,
interest thereon shall cease at the expiration or six
ty days notice of readiness TO redeem and pay the
same, which may at any time times be given by
the Secretary OF the leasury, IN one or more news
papers at the seat of Government. The redemption
and payment OF said notes, herein provided, shall
be made TO the lawful no lders thereof respectively
upon prese ntment at the Treasury, and shall in
clude the principal of each note and the interest
which shall be due thereon And for the payment
and redemption of such notes at the time and times
therein specified the faith OF the United States il
hereby sOlemnly pledged.
SgC g. And BE- Il further enacted, That said Treasu-
ry notes shall be prepared under the direction of
the Secretary OF the Treasury, and shall be signed
in behalf of the United States by the Treasurer there
of and countersigned b. the Register OF the Treas
ury Each of these officers shall keep in book
books provided for the purpose, separate full and
accurate accounts. showing the number date,
amount and rate of interest of each Treasury note
signed and couLtersgned by them respectively and
also similar accounts showing all such notes which
may be paid, redeemed and cancelled, the same
may be returned-all which accounts snail be care
fully preserved in the Treasury Department And
the Treasurer shall account quarterly. for al such
Treasury notes shall have been countersigned by
the Register ami delivered TO the treasurer IoF L.
sue. 81, -, 10
Treasury is hereby authorized, with the pprobauon
Of the President, to cause such portion of said
Treasury notes as may be deemed eApt dent 10 De
issued by the Treasurer IN payment OF warrants IN
favor of public creditors. or other persons lawfully
entitled to payment, who may choose TO recelVe
suc notes in pay ment al par ana the secretary OF
the Treasury i hereby authorized, with the appro-
batipn OF the President, to --ue the note- hereby
authorized to BE- issued, at such rate OF interest as
may be offered By the lowest responsible bidder or
bidder who agree take the said notes al par
after public advertisement of not less than ten daE-
in such papers the President may direct, the sad
Advertisement TO propose to issue such notes az par
to those who may offer take the same ~ the low
est rate OF But in deciding upon those bids
DO fraction .haI he considered which may b. less
than one fourth per centum per annun
SIC. B. And b. q GD4sr saGrtsd, That said Treasury
notes shall be- transit By assignment endorsed
thereon by the person to whose orier the zame may
be made pa able accompanied together with the de-
livery oftbe note assignad
~ notes shall be received b. the proper ohcer- ID
payment of all dute- and take. laid by the authority
ofthe United States, OF al public snd- sold by sad
authority ana OF all debts 10 the United States. Of
any character whatever, which may be due and pay
abl+ at the time when said Treasury notes may be
offered in payment thereof and upon every such
payment, credit shall be given for the amount of
priucipsi and interest due the note, or notezs
ceVed in payment, on the dag when the ZANE shall
have been received 10y such officer. a
SkC. :. And BE- IL further sHast,d That every coffee
tor of the customs, receiver OF PuDhc moheys, or
other officer or agent Of the UNITED states, who
shall receive any Treasury note or ofez IN payment
account OF the United State shall take from the
holder Of such note or notes receipt on me Dack
each stating distinctly the ate OF such payment,
aud the amount allowed on such note and every
such officer or agent -halI Keep regular ana speilc
entries Of all Treasury notes received IN payment,
showing the person from who received the mum
oSwedA on s eaeh and every easuy
Urea surY with tie Treasury note or notes mention
ed therein and If found correct such officer
agent shall receive credit for the am unit a. Prov
ded in the sixth -vctiOn Of this act
sE,.. : Ind 5s u fDta.y sHaeted That the Secreta-
rs OF the IIeasE.y be. and hereby i authorized
TO make and issue rom ZINE 10 lime, such us'Fuc-
tionF rules and regulations to the -eyera collectors
receiver depositaries and all Others who may De re-
quired 10 receive such Treasury notes in beha! Of
aud as gents any capacity for. the United Si4tes
to the custody, disposal cauCelliug ana return ef
any kuch notes a. may be pad 20 aud received b.
them re pec,ively; and = to the accounts aud re
turns be made the Treasury department OF such
rrcept a. he snail deem best calculated TO promote
the public convenience and recurlty and 10 protect
the United State. a. weil a. individuals from fraud
and loss
SIC B. 4ag u ~ fyta.r- .Haef,d hat the Sect Of
the Treasury be- and hereby l. authorized and dice
to be paid the principal and interest OF
such Treasury notes A. may be Issued under this act
the time and times when according to it, Prov
sions the shall be paid And sand Secretary l.
further authorized purchase laid notes al parton
the amount of principal and interest due thereon
the time OF such purchase. And 20 much OF |
any hnapprOpriaed money il the Treasury a. may |
be NECESSARY Tor the purpose II hereby appropriated
for the payment Of the principal an1 interest OF said
notes.
SIC 10 And BE- It further enarisd That in place Of
such Treasury notes a. may have been paid and re-
deemed: Otntr lFeasuy I IT, 70 'i'e sas .nount
may be issued Fy0rtdsd' nat the aggregate sum /
outstanding under the authority OF this shall
no time exceed the sum OF ten millions OF dollars
AHd pr0rtded further That the power 10 issue and re
issue Treasury notes conferred by this act shall |
cease and determine on the first day OF January in |
the year eighteen hundred and si2ty-thTee
SIC. II. and BE- II tu7fHsT ENACTED, That to defray
the expenses Of engraving, printing, preparing and
issuing the Treasury notes herein authorized, the
OF fifteen Thousand dollars IL hereby apprOpris-
ted, payable out OF any nnarpro priated money IN
be made to any officer whose salary - fixed by law
for preparing. signing or issuing Treasury notes.
SEC u Ind BE- 70 tUyfdfr snarfsd, That If any per
son shall falsely make forge or counter'e cit or cause
or procure be made, forged or COunteTieIted, or
Willingly aid or assist in falsely making forging or
couuterfeiting any note III imitation OF. puTpor
ting to be Treasury note. issued as aforesaid. or
shall pass utter, or publish or atemptto pa-. utter
or publish any false, forged or cOunterieied note
puTporting 10 be Treasury note as aforesaid know
ing the same TO be falsely made, forged or counter
BE- falsely altered, Willingly aid OF assist ~ falsely
altering any Treasury note Issued aforesaid. OF
or publi.h as true any falsely altered Treasury uoe
issued as aforesaid, knowing n ZANE 70 he ial5ci
altered every such person shall be deemed aUra d-
judged guilty OF felony, and beng thereof c0nyic
tel bt due of law. shall be sentenced d. be
imprisoned and kept at hard labor Tor period not
less than three years, than ten years. and
20 he fined in a sum not exceeding i've thousand .
dollars.
SEC. Is. AHdbs Il further sHacfsd. That If any per
son shall make engrave. or cause or procure 10 be
made or engraved, or shall have in his custody and
possession, any metaHc plate engraved after 81
Multitude of any plate from which any notes issued
as aforesaid shall have been printed, with intent to
such plate, suffer the same 30 be used.
forging or counterfeting any OF the issued
as aforesaid shall have ia his custody or posses
sion any blank note or notes engraved and printed
after the smiitude of any notes issued aforesaid.
with intent such blank, suffer
the same 10 be used, in forging cOunterfeiting
any the notes issued aforesaid, shall hayein
his custody or possession any paper adapted TO the
making OF such notes, and similar the paper upbn
which any such notes shall have been issued. with