The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1861-08-21
-pproved. August 8, 1861.
.CPUBL1c-No. All
AN ACT supplementary to an act entitled
I" An act 70 authorize National Loan


g An act TO authorize a National Loan,
and for other purposes"
Be IL enacted by the Senate and House of
Representatives. Of the United States of Amer
aoa IN Congress assembled, That the Secre-
tary of the Treasury is hereby authorized
to issue bonds of the United States, bearing
interest at six per centum per annum, and
payable at the pleasure of the United States
after twenty years from date; and if any
holder of Treasury notes, bearing interest
at the rate of seven and three-t tenths per
centum, which may be issued under the au-
thority of the act to authorize a national
loan and for other purposes, approved July
seventeenth, eighteen hundred and sixty
one, shall desire to exchange the same for
said bonds, the Secretary of the Treasury
may, at any time before or at the maturity
of said Treasury notes. issue to said holder,
in payment thereof, an amount of said
bonds equal to the amount which, at the
time of such payment or exchange, may be
due on said Treasury notes; but no such
bonds shall be issued for a less sum than
five hundred dollars, nor shall the whole
amount of such bonds exceed the whole
amount of Treasury notes bearing seven and
three-tenths per centum interest, issued an
der said act; and any part of the Treasury
notes. payable on demand, authorized by
said act, may be made payable by the As
sistant Treasurer at Saint Louis, or by the
depositary at Cincinnati.
Sec. 2. And be 1t further enacted, That
the Treasury notes issued under the pro-
visions of the said act to authorize a nation
al loan, and for other purposes, or of any
other actnowIin force authorizing the issue of
suchnetes, shall be signed,by the Treasurer of
the United States, or by some officer of the
Treasury Department, designated by the
Secretary of the Treasury, for said Treas
urer, and countersigned by the Register of
the Treasury, or by some officer of the
Treasury Department, designated by the
Secretary of the Treasury for said Register,
and no Treasury notes, issued under any
act, shall require the seal of the Treasury
Department.
Sec. 3. And be it further enacted, That so
much of the act to which this is supple
mentary as limits the denomination of
portion of the Treasury notes authorized by
said act at not less than ten dollars, be and
is so modified as to authorize the Secretary
of the Treasury to fix the denomination of
said notes at not less than FIVE dollars.
Sec. 4. And be a. further enacted, That, in
addition TO the amount heretofore appro-
prlated, the sum of one hundred thousand
dollars, or so much thereof as may be nee
essary, be and the same is hereby appropri-
ated, out of any money in the Treasury not
otherwise appropriated, to pay such ex-
penses, commissions or compensation as
may be necessary, in the Judgment of the
Secretary of the Treasury, to carry into ex-
ecution the provisions of this act, and of the
act to which this is supplementary.
Sec. 5. And be At further enacted, That
the Treasury notes authorized by the act
to which this is supplementary, of less de-
nomination than fifty dollars, payable on
demand without interest, and not exceeding
in amount the sum of fifty millions of dol
lars, shall be received in payment of public
dues.
Sec. 6. And be ii further enacted, That
the provisions of the act entitled " An act
to provide for the better organization of the
Treasury, and for the collection, safe-keep-
ing, transfer, and disbursements of the pub
lie revenue" passed August sixth, eighteen
hundred and forty-six, be and the same are
hereby suspended, so far as to allow the
Secretary of the Treasury to deposit any of
the moneys obtained on any of the loans
now authorized by law, to the credit of the
Treasurer of the United States, in such SOL
vent specie-paying banks as he may select
anu bu0 S1id 81 OopOSitoIt DC
Withdrawn from such deposit for deposit
with the regular authorized depositaries, or
for the payment of public dues, or paid in
redemption of the notes authorized to be
issued under this act, or the act to which
this is supplementary, payable on demand,
as may seem sxpedient to, or be directed by,
the Secretary of the Treasury.
Sec. z. And be IL further enacted, That
the Secretary of the Treasury may sell or
for any portion of the loan provi-
ded for in the act to which this is supple
mentary, bonds payable not more than
twenty years from date, and hearing inter
est not exceeding six per centum per an
mum, payable semi-annually, at any rate
not less than the equivalent of par, for the
bonds bearing seven per centum interest,
by said act.
Approved, August s. 1861.