Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1861-06-27


Columbia, on Monday, the Sd day of December,
1860, and ended on Monday the 4th day of March,
1851.
CHAP. LXVIII-An Act to provide for the payment
of outstanding Treasury Notes, to authorize a
Loan, to regulate and fix the Duties on Imports,
and tor Other purposes.
BE ii enacted By the Senate and House Of Representa-
saUeS 81 the United States Of Aertca an Congress
bed That the President of the United States be- and
hereby is, authorized, at any time within twelve
months from the passage of this act. to borrow on
the credit of the Quilted States sum not exceeding
ten millions of dollars, much thereof as, in his
opinion the exigencies of the public service NAV re-
ouire to be applied to the payment of appropriations
made by law, and the balance OF Treasury notes
outstanding, and no other purposes in addition to
the money received, or which may be received into
the Treasury from other sources Provided, That no
stipulation or contract shall be made to prevent the
under the authority OF this act at any time after the
expiration of ten years from the first day of July
tee, TO be published in some newspaper published
at the seat OF Government their readiness
and no contract shall be made to prevent the
resumption OF the same at any time after the ex-
piraton of twenty years from the said first day of
July next, without notice.
SEC. z Ami be At Jurther enacted, hat stockshal
be issued for the amount so borrowed, bearing in
terest not exceeding six percentum per annum, and
the Secretar Of the Treasury be- and is hereby,
thorized with the consent of the President TO cause
certificates of stocks TO be prepared, which shall be-
signed by the Register and sealed v 18th the seal of
the Treasury Department, for the amount so Dor
rowed, in favor of the parties lending the same,
their assigns which certificates NAV be transferred
on the books of the Treasury under such regula-
tions may be established by the Secretary Of the
Treasury: Procidsd, That certificate shall be is
sued for less sum than one thousand dollars: And
Pordsd GiSo That whenever required, the Secretary
of the Treasury may cause coupons of semi annual
interest payable thereon to be attached certificates
issued under this act; and any certificate with such
coupons of interest attached may be assigned and
transferred by delivery of the instead of being
transferred on the books ofthe Treasury.
SEC 3 Andbs it further enacted, That before award
ing any of said loan, the Secretary of the Treasury
shall the exgencies OF the public service require
to be inherited il two of the public newspapers
OF the Guy oi auu III oT OF lhVIe pun
lie newspapers in other cities OF the United State
public notice. that sealed proposals for much of
said loan is required, will be received until GER
tain day to be specified in such notice not less than
thirts DAYS from its first insertion in a Washington
newFpaper and such notice shall state the amount of
the Loan at what periods the money shall be paid if
by miscellaneous, and at what places. Such sealed
proposals shall he opened, on the day appointed in
The notice III the presence of such persons a. may
choose 10 attend, and the proposals decided on by
the Secretary OF the Treasury. who shall accept the
NO <s,,,,aI- ,ffared nv RESPONSIBLE bidders for
said stocE. aud the said Secretary shall report to
Congress at the commencement OF the next session.
the amount OF money borrowed under this act and
of whom and on what terms il shall have been OBJ
tanned. with abstract brief statement OF all the
proposals submitted for the same distiu guished be-
tween those accepted and those rejected, with de-
tailed sat emeut 81 tie expense OF making such
Provlsa, That no stock shall be disposed o; less
than ts par value: And pror'dsd further That no
part OF the ioan hereby authorized shall be applied
10 the service of the present fiscal year.
SEC 4 ind BE- n further enacted, That in case the
proposals made for said loan, Or for so much thereof
as the exieences Of the public service shall require
shall be satisfactory the President OF the United
States ai be- and hereby is, authorized to decline
tie ends constituting the said stock and in lieu
there AID to the extent and amount Of the loan
thOFilsd - be made by this act 10 issue Treasury
notes net less than fifty dollars, bearing in
teret at the rate of six per centum per annum, pay
able semannually the first days of January and
July in each year, proper PLACES of payment to be
prescribed by the Secretary, with the approSal OF the
President; and under the Ike circumstances and
conditions the President of the United States here
By authorized substitute Treasury notes OF equal
amount for the whole any part ofany of the loans
for which he il Ow by law authorized contract
and issue bonds And the Treasury notes so issaed
under The authority herein given shall be received in
payment for ali debts due to the United States when
offered, and in like manner shsll be given in pay
ment for any sum due from the United States, when
pa ment in that mode is required by the person to
whom payment Is TO be made, or for their par value
in coin Ard the faith of the United states is here
by pied for the due payment of the interest and
the redemption otthf principal of the stock Treas
urv notes which be issued under the authority
of this act and the sum of twenty thousand dollars
is hereby appropriated out any money in the Teas
~ rraIa-iy, tbc cFrt,6rotes ~ stoctr or Treasury
notes herein authorized be lone in the usual mode
and under the restrictions to employment and pay
ment of officers contained in tire laws authorizing
former loans and issues of Treasury notes; and it
shall be at the option of holders of the Treasury,
notes hereby authorized by hs act to exchange the
same for the stock herein authorized at par or for
bonds in lieu of which said Treasury notes were is
sued PvOrided That no Certificate shall be exchanged
for Treasury notes bonds, in sums less than fye
hundred dollars And procidsd further That the au-
thority issue the said Treasury give the
in payment of debts due from the United States
shall be limited to the thirteth day of June, eighteen
hundred and sXty-two and that the same may be
redeemabe at the pleasure of the United States at
any time within two years after the passage of this
act and that said notes shall TO bear interest
after they shall have been called in by the Secretary
of the Treasury under the provisions OF this act
SEC. O. And be ii further enacted That from and at
ter the first day of April ammo DOmini eighteen hun
dred and sixt yone IN lieu of the duties heretofore
imposed BY the articles hereinafter mentioned
and On such : may now be exempt from duty there
shall be levied. collected. and paid on the goods,
andr "a a ed
vided for imported from foreign countries the fol-
lowing duties and rates Of duty, that is to say:
First: On raw sugar, commonly called Mu8coVada
or brown SUGAR, not advanced beyond the raw state
by clayiug other process and GU siTup OF sugar
or Of gar and conct ntrsted molasses, con-
centrHteG melado, and o-l~whte and clayed sugars,
when advanced Leyond the state by claying or
other process, and not refined three tourths of one
cent per pound; on refined sugars whether loal'
lump. crushed, puiE cried, two cents per pound
on sugar af:er being refined, when they are tine
tured, coiored or in any way adulteraied, and on
sugar candy, four cents per pound: Provided, That
al srups Of sugar, or Of sugar cane, concentrated
moasses or melado, entered under the nsme OF mo
lasses any otter name than siTup of sugar or OF
suga, cate central ed mOlasses, or concentrated
melado snail be liable to forfeiture TO the United
States mOlasses two cents per gal'On ON contec-
tioner@ OF all kind, not otherwise provided for,
thirty per centUm sd yalorem.
Sc, j. AID be II further r1ctsd, That from and af
ter the day aud aforesaid there shall be levied,
collec ed and paid. he importation OF the arti
eles hereinafter mentioned, the following duties,
First: On b audv for tirst-proof one dollar per
gallon; on other spirits manufactured or distilled
from grain Tor irstprOof forty cents per gallon on
spirits from other materials, Tor fTst-proot, forty
cents per ga lUu CoTia and liquors OF ali kinds,
tv cents GER gallon; arrack, a5synthe, kirsche2-
wasser raaRa and other Similar spurious beverages
not otherwise provided for fifty cents per Hon;
on bay twenty-five cents P@r gallon: P,opido',
That the duty upon brandy spirits, and all other
spirituous beverages herein enumerated, shall be
collected upon the basis OF first proof and 50 in pro
norton for any greater strength than the strength
Of first proof on wines of all kinds, forty per cent
um ad valorem: Prorided, That all limitations OF
brandy spirits, of any of the said wines, md
all wines imported by any whatever, shall be
subject the duty provided for the genuine article
which ii is intended to represent Provided further,
That brandies other spirituous liquors may be
imported in bottles, when the package shall contain
not less than dozen and all bottles shall pay
separate duty, according the rate established by
this act whether containing wines branches or 9th
or sprituous liquors subject TO duty hersinbefore
mentioned; on ale, porter, and beer in bottles,
twenty-five cents per gallon otherwise than in bot
ties fifteen ceuts per gallon all sprituOus lequ
ors enumerated, thirts three and one third per
centum ad Valorem.
Second On cigars ofal kinds valued at five dollars
uudar Thousand, twenty cents pound over