Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1862-02-14
THE TREASURY NOTE BILL.
The following is the Treasury Note bll as
nassed bv the Uousn.

The following is the Treasury Note Dill as
passed by the House:
Be eIiar'sd i0 fle Srfr and House ~ Rlurcsrut1-
nrfs ofthe rt,d States 600 Coa.rss. l,seabsd That Co
meet the ncro,sucs n he Treasury 4 ,e United States
and t1 provide currency recen ah- fr tls public dues,
the Secretary u ihe lrawr Is hcrtoi auuorzd 20 H.
hfy mulonsoi United states notes, NOT "fink interest
pa, ihr 90 bearer ihe Treasury NJ h United States a.
Wa-hiuVoa nr Sew lufk. and Of such denumiuat0ns
as be may deem eNnedlent NOT less Than tive dollars
each provided that hfs millions of said notes shall be-
boz lieu of BE demand Treasury GIfes Authorized to bc s
sued by the Act of Jly D., 1861, eAch said demand
the notes herein provided lr substituted fr tbrn and
provided further that the tmouut Of the two kinds of
notes together shall at u1 tine exceed the sum OF
hundred and hfy mili1ns uf dol ar- aud such notes
herein authorized snail he receyan u payment Of all
~ kind due tne United lte and for ali salaries ard
demands 1eug by the United states 90 individuals
p1rauons anq associations "iiu thc United states and
shall also Pc Lawful. money ant legal tender in tne pay
ment Df all debts public and private within the United
Snies And auy holders Il ad United states note, de-
posung rot f-s Than roy dollars. 1r some multiple "
hfty dollars with ths Treasurer ~ ID Uuited states or
ther of thc Assistant lrcasurors shall i've
change therefor dlniitte cerHcstes ~ depos one VI
amount m ba. M he United ~.,., cl,io,, or lr,
iser may hy std holder hc desired. bearing interest
lf the rate of s pec cent per auuun, pay anc semi
Annually At hc Treasury or ~ub-lreasucs of The Unit
al States, aud redecnalls 40 the pleasure " the Uied
states aite' twenty years from the hae ihereoE provided
taat the Sccrrtar, 1f the Treasury shalt upon prcsot4
ton nf said earttrcs uf deposit issue to the idcr
thereof 90 bis option, and instead a tc bonds already
described equal au1ulf uf bonds nj h United States
coupon or registered. may by said holder be- desired,
bearing interest at the rate 1f per cent per auuum,
payable n crin scmi-lnunaIy and redrenaoie az ihe
pleasure OF iac laucl States after aye years from The
date thereof Aud such luf.d States notes shall bee re-
e''ra the same As coin a fhcr par ta.lc 900 pay ncu 'r
auy loans tha may hereafter De solid or negotiated by
tae Secretary fhc Treasury aud may be rei,surd hom
ims 90 zone '- lne eN1'naes 'i he pnoAc interest
Ai f'4 'Hc ihtf' ai Poe printed on ihe bicHs oI the
T. notes which may Dr. issued under thc provisions
'i hi' act tAe ioA'fin- "o i, l-e within note s le-
gal note Zoo rfmeui ni al 4.hs public aud private. aud
is cNcaapgcaHc Goo h'uat ei ne United States hearing
SIX per cont interest ut ttcuy years. or seven per cent
bonds At dse 'ears
SEC tHd pr d fs0htr r4Ifttd. Ihot Go enable the
oecfciaY or fhc ltrtsaff 90 tind iha Treasury notes
ana auus dt0i "i tne Oura Ntre- he is hcffny an-
tAorffd o issue on ne crrdi g Nie United States cou-
pom bonds nr registered bu. t1 Az aHuuut nof cscetl-
n3 tive hun lrcd million l.1s, and tcicemanle a. the
aud bearing interest boz 'he late sN pcr centlm per age
hlm p}ablo semi annually. And Tue bonds herein
Alhpiico shfl ne oi such denpuinauon-ru less inan
uiiy a',-As may nc determined upon by toe Secreta-
~ of me Treasury Ard the Secretary nf the Treasury
may d.no,c NJ such bonds At amy time i1r lawful money
OF the United States r any nf the treasury notes
that have been ma, Doe hereafter, i,ucd under any
former act OF Congress or Uniied states h ht may be IS
'ued under the prov sion Of ins art aud an tocks,
bonds and Other seHrups VI The Unu'd states held by
ndNd"als rpota'ns or associations within the Unit
ed States. shall be exempt from taxation by any state
county
stc g. End BE- 20 fwtlrr enacted. That the United
States and che coupon, 100 registered bonds author.
lcd l this act shall be 800 such form the Secretary uf
the Treasury may direct aud shall be written engray-
90 signatures ~ the Treasurer OF hc United States aud
he Registrar Of he Treasury. aud also ~ evidence Of
M M M Tca @R" se s os %aaS noo. uo, ~,
bonds shall be received from he epgraycrs and before
h,l are issued OF me SAM notes and bonds shan be
Treasurer by .neh sons a. NAV be- speea, sppin,ed
by the Secretary of the Treasury fr thai purpose and
shall be hy the register Of the Treasury
o. r the Register hy such person the Secretary OF
the Treasury may specially appoint Tor that purpose and
all ihe provisions OF the act entitled an Act 20 author
ze the issue Of Treasury notes approved the 23d of De
ctmber 81, SO far they be applied 10 this act,
ana not Inconsistent herewith hereby revised aud
fe-cnaced aud sum " three hundred thousand dbl
lars is hereby appropriated ont uf any money in the
treasury not otherwise appropriated 10 enable the Sec
retary Of the e'sry 70 carry his act into effect
hhc Z AHa Be az fHrther ctiacfea lha' II any per-
son ur persons shalt falsely make, mrge, counterfeit OF
alter or anse or procure to be falsely made, forged
counteietd aud altered shall willingly AID assist
in falsely making, foragng, oounterfeing. altering
any note bond coupon or other security issued under