Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1862-01-23

WASHINGTON, Jan. 22.-The bill reported
from the committee on ways and means, to
day, provides that for temporary purposes the
secretary Of the treasury is authorized to issue
on the credit of the United States 500 ,000.
OOO OF United States dotes, not bearing inter
est, payable to bearer at the treasury or at the
office of the assistant treasurer in the city of
New York, at the pleasure Of the United
States, and OF such denominations as h@ may
deem expedient, not less than SIS each.
And such notes and all other United States
notes payable OH demand, not bearing interest,
heretofore authorized, shall be receivable for
all debts and demands due to the United
States, and for all sa aries, debts, and demands
owing by the United States to individuals,
corporations, and associations, within the
United States, and shall also be lawful money
and legal tender in payment of all debts,
public and private, within the United States.
Any holder of said United States notes de-
posting any sum not less than fifty dollars,
or other than multiple, with the treasurer of
the United States, or either of the assistant
treasurers, or either of the designated deposit
tors at Cincinnati or Baltimore, shall receive
In exchange therefor duplicate certificates of
deposit, one Of which may be transmitted to
the secretary of the treasury, who shall there
upon issue to the holder an equal amount in
bonds of the United States, coupon or register.
ed, as may be desired, bearing interest at the
rate OF SIX per cent, and redeema6le at the
pleasure OF the government after twenty years
from date, or in sums not less than twenty five
dollars, for which, if requested, the secretary,
if he deem it eXpedient, may issue similar
bonds, the principal and interest of which may
be expressed i'll the currency OF any foreign
country, and payable there, and such United
States notes shall be received the same as coin
at their par value, in payment for any bonds
that may be hereafter negotiated by the secre.
tary of the treasury, and may be re-issued
from time to time, as the exigences OF the
public service may require.
There shall be printed on the blck of the
United States notes which may be issued
under the provisions of this act the following
words 1.-THE within note is legal tender
in payment of all debts, public and private,
and is eXchangeable for bonds of the United
States bearing six per cent interest"
To enable the secretary of the treasury to
fund the treasury notes and floating debt Of
the United States, he is authorized to issue OH
the credit of the United States coupon bonds
or registered bonds to an amount not exceed.
ing five hundred million dollars, and redeem
able at the pleasure of the government, after
twenty years from date, and bearing interest
at the rate OF six per cent per anDum, payable
sem-annually, and the bonds herein author
tSeN ehdi De Vi sucn denomination, not less
than nifty dollars, as may be determined upon
Dy tue secretary of the treasury, or in sums
hot less than twenty five hundred dollars, for
which, II requested. the secretary, if he deems
eNpedlent, may issue similar bonds, the
principal and interest of which may be ex.
pressed IN the currency OF any foreign country,
and payable there
ne secretary is authorized TO issue said
bonds, at theirapar value, to any creditor or
creditors of the United States who NAV elect
to receive them in satisfaction of their de.
mands-provided that all such claims or de.
mands shall have been first audited and settled
by the proper accounting officers of the treas
ury and the secretary of the treasury NAV
also exchange such bonds at any time for law
full money OF the United States, or for any of
the treasury notes that have been or may
hereafter be issued under any former act Of
congress, or that may be issued under the pro-
visions OF this act. The United States notes
and bonds authorized by this act or that have
been heretofore authorized, shall be signed by
the treasurer of the United States, or for the
treasurer by such persons as may be specific
ally appointed by the secretary Of the treasury
for such purpose, and shall be countersigned
by the registrar of the treasury, or for the reg
istrar by such persons as the secretary OF the
treasury may specially appoin: for such pur-
pose.
And all the provisions Of the act entitled