Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1862-03-18

LAWS OF THE UNITED STATES
Passed at the Second Session OF the Thirty Seventh
Congress.


An ACT to authorize the issue Of United States notes
anu ior the redemption or funding thereof, and for
lie enacted by tue senate aud house of reurosena
ives OF the United states OF America in congress assem-
Died, that the tary OF the treasury eby au.
tnorzed to issue onsthe cTedit OF the United States,
one hundred and fifty millions OF dollars OF United
States notes. not bearing interest pay able TO bearer at
the treasury of the UNITED states and of such denomi
nations as he may deem expedient not less than i've
dollars each provided, how ever that fifty millions Of
said notes shall be in lieu Of the demand treasury noes
eighteen hundred and sixty one; which said demand
notes sha be taken up as rapidly pracncabie and
provided further that the amount of the two kinds
notes together shall at no time exceed the of
hundrSd and fifty millions dollars, such notes
therein author lied shall he recivable payment Of ali
every kind due to the United States except duties
imports and all claims and demands 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 lawful money and legal tender in pay
nent of ali debts, public and private within the Unit
States except duties ON imports and interest as GRE
said And any holders said United states notes de-
posting any not less than fifty dollars, or some
multiple Of fifty dollars, with the treasurerC the United
States or either OF tue assistant shall reserve
in exchange therefor, duplicate certificates of deposit
one ef which be transmitted to the the
treasury, who shall thereupon issue the holder an
equal amount OF bonds Of the United States coupon
registered by said holder be desired, bearing
terestat the Tateo SIN per centu per annum payable
semi-annualy, and redeemabe at the pleasure of the
from the dare thereof. And sucn United States notes
shall be received the coin their par value
negotiated by the secretary the treasure and may be
essaed from time to time as the eXgencies of the pub
lie interests shall require.
Sec And be furlher enacted That to enable the
secretary of the treasury to fund e treasury notes and
floating debt of the United States he IS hereby author
zed to ssue on the credit of the United States coupon
bonds or registered bonds to amount not exceeding
five hundred millions of dollars, redeemaole at the
pleasure Of the United States years paya
bic twenty years from date and bearing interest the
rate OF SIX per centun per annum payable seli-arua
ly. And the bouds herein authorized shall such
denominations, not less than fifty dollars, as may be
determined upon by the secretary of the treasury And
the secretary OF the treasury may dispose of such bonds
at any time at the market value thereof. for the coin
OF the United STATES, or for any Ot the treasury
former act of congress- for United that
may be issued under the provsi of this and all
stocks bonds and other securities the Uniteo States
held by individuals corporations associations within
the United states shall be exempt from taxation by
Sec. 8. And bel further enacted, That the United
States NOES and the coupon registered bonds author
lied by this shall be in such secretary of
the treasury may direct, and shall bear the written
engraved signature OF the treasurer of the United
and the register of III treasury and also, evidence of
lawful issue the imprint of The copy the seal of the
treasury department which Imprint shall be made under
the direction OF the secretary, after the said
they issueu; the said notes and bonds shall be
signed by the of the United States, the
treasurer by sach person he specially
by the secretary OF the treasury for that purpose, and
shall be countersigned by the register the treasury or
for the regise by such person secretary eff the
treasury may specially appoint for that purposc and all
the provisions OF the aetentitled IAN act to authorize
the issue OF treasury notes.. approved
day OF December, eighteen hundred and fifty seven, so
there With hereby revived and re enaced and
the sum of three hundred thousand dollars hereby ap
propriated out OF any money the treasury other
wise appropriated to enable the secretary Of the
Sec And be That the secretary of
the treasury may receive from person persons
any corporation United states notes on deposit
less than thirty days. in sums of not less than hum
dred dollars, with any OF the assistant
signated depUstares of the United authorized by
the secretary OF the treasury to receive them, shall
issue therefor certificates OF deposit made IN such TORN
the secretary of the treasury prescribe and said
certificates Of deposit shall bear interest at the of
five per centum per annum ana any amount Of United
states notes deposited may be withdrawn from depOs
lat any time after ten days notice the return of said
certificates; Provided That the interest all such
posits shalt cease and eermine at the pleasure the
secretary OF the treasury And provided further That
the aggregate of such deposit shall exceed
the amount Of twenty five millions Of dollars
Sec 5. And be 1t further enacted, That all duties
imported goods shall be paid in coin, in payable
demand heretofore authorized to be issued ana by
law receivable in payment Of public dues, and the coin
50 paid shall be set apart us special fund and shall
First TO the payment in coin Of the interest on the
public debt of the United States
UNI Of the entire debt Of the u Utsd saes one S Per 9e
within each fiscal year after The first day Of july eigh
sinking fund aud the interest which shall in like
manner be applied TO the purchase pavment of the
public deDtas the secretary of the treasury shall from
time TO time direct.
Third The residue thereof paid into the treasury
Sec g. And be further enacted That any person or
persons shall falsely make forge, counterfeit alter ar
eited, altered, shall willingly aid assist false
bond COUPON other security issued under the author
Ivy Of this act or heretofore issued under acts
thoTZe the issue OF treasury bonds; or shall
PASS utter publish or sell or attempt TO pass utter
foreign place with intent to pass, utter, publish or sell
or shall have or keep In possession conceal with In
tent to utter. publish or SELL any such false, forged
cOunterieed altered note, bond coupon, or other
security with intent to defruud any body corporate or
polite, other person persons whatsoever every
person so offending shall be deemed guilty OF felony
and shall vlcton thereof be punished by fine NOT
exceeding ve thousand dollars, and by Imprisonment
and confinement to hard labor not exceeding fifteen
yeas according TO the aegravatiOn OF the Onense
see T. Aud be IL further enacted That IL any person
having the custody OF any plate or plates from which
any notes. bonds coupons other securities mentioned
In this act, any part thereof shall have been printed
or which shall have been prepared for the purpOse OF
printing any such notes. bonds, coupons other seeuri
ties, any part thereof shall such plate or MATES
knowingly permit the to be used for the MI rD0sc
Ofprntlng notes, bonds coupons other SECURITIES
any part thereof except such shall be printed III
the use of the United states by order of the ruer ma
thereof 0rf any person shall engrnve Or cause or
procure TO be engraved, shall aid IN engraving any
plate plates in the likeness smitude of nnv not
plates designed for the printing Of any such notes
bonds coupons or other securities, any part tberooI
orshall vend or sell any such plate or natrs or shall
bring into the Unitod states nom any foreign place ny
such plate plates with any other Intent or FOR nnv nf-
pose, In either case than that such pn or plates shall
be used for printing OF such notes bonds coupons or
other securities OF some part or parts thereof the
United states or shall have In his custody possession
any metallic plate engraved after the smtude OF any
plate rom which amy such notes. bonds coupons or 9th
or ecuros, or any part or paris thereof shall have
been printed with intent to such plate or plates or
cause or suffer the same to be used In forging or conn