Nebraska advertiser., 1862-09-27
TPUBLrC-No. S3.1

/ AN ACI TO authorize the issue OF OnbeQ OtdI6S
Notes. and for the redemption or funding thereof,
and for funding the floating debt of the United
States.
Be 1t enacted 5y the Ssuase and House of Repre-
I se~ntatiUes of the Enited States Of America an Cons
gress assembled, the Secretary of the Treasury
is hereby authorized to issue, on the credit of the
United States, one hundred and fifty millions of
dollars of United States, not bearing interest, pay
able TO bearer, at the treasury of the United States,
and of such denominations as be may deem expedi-
ent, not less than FIVE dollars each Provided, how
ever. That fifty millions of said notes shall be in
lieu Of The demand treasury notes authorized to be
issued by the act of July seventeen, eighteen hun
bred and s~ixty-one: which said demand notes shall
be taken up as rapidly as practicable, and the notes
herein provided for substituted for them: And pro-
vided further, That the amount Of the two kinds Of
notes together shall at no time exceed the sum of
one hundred and fifty millions of dollars, and such
notes herein authorized shall b receivable in pay
ment of all taxes, internal duties. excuses debts and
demands of every kind due the United States, ex-
cept duties on Imports, and of all claims and
against the United States of every kind whatsoever.
except for interest upon bonds and notes. which
shall be paid in coin, and shall also be awful money
and a legal tender in payment of all debts, public
and private, within the United States, exeeptduties
on imports and interest as aforesaid. And any hold
ers of said United States notes deDOsiting any sum
not less than fifty dollars, or some multiple of fifty
dOllars, with the Treasurer of the United States, or
either of the Assistant Treasures, shall receive in
exchange therefor duplicate certificates of dapOsit,
one of which may be transmitted TO the Secretary
Of the Treasury, who shall thereupon issue to the
holder an equal amount of bonds Of the United
States, coupon or registered, as may by said holder
be desired, bearing interest at the rate Of six per
centum per annum' payable semi-annuaIly, and re-
deemable at the pleasure Of the United States after
FIVE yeaTf, and payable twenty wears from the date
thereof. And such United States notes shall be re-
ceived the same as coin, at their par value, in paw
ment for any loans that may be hereafter sold or ne
gOtiated by the Secretary of the treasury, and may
he re-issued from time to time as the exireneies OF
the public interests may require.
Sec. 2. And be 1t further enacted, That to enable
the secretary of the treasury to fund the treasury
notes and floating debt of the United States. he is
authorized to issue, on the credit of the United
States, coupon bonds, or registered bonds, to an
amount not exceeding five huedred millions of dollars
redeemable at the pleasure of the United States
after FIVE years, and payable twenty years froE date
and bearing interest at the rate of six per centum
per annum. payable semi-annually. And the bonds
herein authOriz ed shall be Of such denominations
not less than fifty dollars, as may be determined upon
by the Secretary of the treasury. And the Score
tary Of the treasury may dispose Of such bonds at
any time, at t e market value thereof, for the coin
of the United States, or for any of the treasury
netes that have been or may hereafter be issued
under any former act of Congress, or for United
States notes that may be issued under the provisions
of this act and all stocks, bonds and Other securi-
ties of the United States held by individuals. cor
p%Orations, or associations, within the United States,
shall be exempt from taxation by or under State
authority.
Sec. 3. And be it further enacted. That the United
States notes and the coupon or registered bonds
by this act shall be in such form as the
secretary of the treasury may direct, and shall bear
the written or engraved signatures of the Treasurer
OF the United States and the Register of the treas
ury, and also as evidence-Of lawful issue, the i'm
print of a cOpyOf the. seal Of the Treasury Depart-
ment, which imprint shall be made under the diree-
ton OF the Secretary, after the said notes or bonds
shall be received from the enrravers and before thew
are issued or the said notes and bonds shall be
signed by the Treasurer Of the United States, or fo= |
the treasurer by such persons as may be specially
appointed by the Secretary of the treas
ury Tor that purpose, and shall be countersigned by
the Register OF the treasury. or for the Register by
Such persons as 4he Secretary Of the treasury nav
specially appoint for that purpose: and all the pro-
Visions OF the act entitled San act to authorize the
issue OF Treasury notes" approved the tweaty-third
lay OF December, eighteen hundred and fftv-seveu.
so tar as they can be applied to this act, and not in
Herewith, are hereby revived and reen-
acted and the sum of three hundred thousand dol
.ars Is hereby appropriated out Of any money in the
treasury not otherwise appropriated to enable the
secretary of the treasury to carry this act into effect.
See. 4. And be it further enacted. That the Secre-
of the tr sasury may receive frem any person
)r persons, or any corporation, United States notes
IN deposit for not less than thirty days, III sums of
rot less than one hundred dollars, with any of the
Assistant treaSurers or designated depOsitaries Of
he United States authorized by the Secretary of
he treasury to receive them, who shall issue there
or certificates Of deposit, made in such form as the
Secretary Of the Treasury shall prescribe, and said
Of deposit shall bear interest at the rate
I hve per eentum per annum and any amount of
United States notes so deposited may be withdrawn
derOsit at any time after ten days notice on
he return Of said certificates Provided, That the
interest on all such deposits shall cease AID deter
at the pleasure Of the Secretary Of the treas
Try: And provided further. That the aggregate of
UGH deposit shall at no time exceed the amount of
millions of dollars.
Sec. ). And be it further enacted, That all duties !,
n imported goods shall be paid in coin, or in notes
ayable on demand heretofore authorized to be
sued and by law receivable in uavment Of public
ues, and the coin so paid shall be set apart as n
pecial fund, as shall be applied as follows:
First. To the payment in coin of the interest on
bonds and notes of the United States. 7
Second. To the purchase or payment Of one per
entumof the entire debt of the United States, to 1
e made within each fiscal year after the first day
July eighteen hundred and sixty-tWO, which is
be set apart as n sinking fund, and the interest OF
hich shall in like manner be applied to the purchase
payment Of the public debt as the Secretary of
le treasury shall from time to time direct.
Third. The residue thereof to be paid into the
easury Of the United States.
Sec 6. And be it further enacted, That if any q
or persons shall falsely make, FARCE. counter n
It,-or alter, or cause or procure to be falsely made.
rged, counterfeited, or altered, or shall willingly
d or assist in falsely making, foregoing, counterfeit
g, or altering, any note, bond. coupon, or other se- pa
rity issued under the authority of this act, or fr
.'retOfore Issued under acts tOauthorize the issue of as
easury notes or bonds OF shall pass, inter, pub =,
b, or sell, or attempt to pass, utter, publish, or sci, ze
bring into the United States from any foreign "
with intent to pass. utter, publish, or sell, or an
all have or keep IL possession OF conceal, with in
to utter, publish. OF sell, any such ialsO, forged, =
or altered note, bond, coupon, or other "
;urity, with intent to defraud anybody corporate OBJ
polite, or any other person or persons whatsoever, TIE
cry person so offending shall be deemed guilty Of sol
ony, and shall, on conviction thereof, be punished
fine not exceeding five thousand dollars, and by 81
prisonInent and confinement to hard labor not ex- .
,ding fifteen years, according to the aggragation
the offence. F
T. And be it further enacted, That if any /:
son, having the custody of any plate or plates pc
m which any notes, bonds, coupons, or securities
ntiOned IN this act, or any part thereof, shall have h1
IN printed, or which shall have been prepared for :
purpose Of printing any such notes, bonds, sou p
or other securities, or any part thereof, shall De-
sueh plate or plates. or knowingly permit this
A. 70 De used fort the purpose of printing any notes ed
coupons, or other securities. or any part there slz
except such as shall be printed fOrthe use Of the siS
tied States by order Of the proper officers thereof
l any person shall engrave, or Gauss OF proc urs mol