The New York herald., 1862-02-07
The Treasury Note Bill ~ Passed by the
House.

Ihe bill, as passed. ID a. folows-
Be enacted By tie Senate House Of Representatives
Of the United States, an Congress assembled:
That TO meet the necessities Treasury q the United
States and TO provide currency receivable for the public
dues the Secretary of the Treasury hereby authorized
70 the credit Of the United States one hundred
and afty millions Of dsIlars Of United States notes. not
bearing interest," payable to bearer at the Treasury Of
the United States at Washington New York, and Of
such denominations he may deem expedient not less
millions Of said notes shall be in lieu Of the demand
Treasury notes authorized TO be issued BY the act OF July
seveneen eighteen hundred and sixty-ens which said
demand notes shall be taken up As rapidly az practica
be and the notes herein provided for substituted for
them: And provided, further, That the amount Of the
kinds Of together shall time exceed the
sum Of one hundred and ffty millions Of dollars And
such herein authorized shall be receivable in pay
ment Of all taxes duties, mposs excise debts and de-
mands of every kind due the United States and for
all salaries, debts and demands owing by the United
States individuals corporations and associations with
In tho United States and shall also be lawful money and
legal tender in payment Of all debts public and private
within the United States. And any holders OF
said United States notes dspositng 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 treasurers, sna
in exchange therefor duplicate certificates Of de-
post Of which may be transmitted TO the Secretary
Of the Treasury who shall hereupon to the holder
equal amount Of bonds Of the United States coupon
registered may by said holder be desired bearing
interest at the rate OF six per centum annum paya
bic annually at the Treasury or Sub Treasures Of
United States after twenty years from the date thereof
Provided That the Secretary Of the Treasury shall upon
holder thereof his option and instead the bonds
already described an equal amount OF bonds OF the
be desired bearing interest at the rate Of seven per cent
per annum payable in coin semi annually, and redeem
able the pleasure OF the United States after five
from the date thereof. And such United states notes
shall be received the coin, at their par value
in payment for any loans that may be hereafter sold
or negotiated BY the Secretary Of the Treasury and
may be ressued from time to time the exgences Of
the public interests shall require There shall be printed
the back Of the United states notes, which be
updoy N fho fniln
words-'The within note is legal tender in payment OF
all debts public and private and 10 exchangeable for
bonds Of the United States bearing sir oentum inter-
s at twenty years or in seven per cent bonds at FIVE
years."
Secretary Of the Treasury TO fund the treasury
floating debt OF the United states he hereby authorized
ssue the credit OF the United States coupon bonds
or registered bonos, TO amount not exceeding Eve
hundred million Of dollars, and redsemsble
the pleasure Of the government after twenty
years from date, and bearing interest at the
semi annually And the bonds herein authorised Shall be
Of such denomnatons not less than fifty dollars may
be determined upon by the Secretary VI the Treasury
And the Secretary OF the Treasury may dispose OF such
bonds any for lawful money Of the United States
for of the Treasury notes that have been may
hereafter be- issued under any former Of Congress-
for United States notes that may be issued under the pro
visions OF THIS act and al stocks bonds and other secur
Of the UHitsd states held by individuals corpora
tons, or associations within the United states shall bs
exempt from taxation BY any State or county.
Soc 3. And b. II further enacted, That the United
States notes and the coupon registered bonds author
zed By this shall be such form az the s.crsayv OF
the Treasury may direct, and shall bear the written or
engraved signatures Of the Treasurer Of the Initial
and the Register Of the Treasury also as sv
the Treasury Department which imprint shall be made
under the direction OF the Secretary after the said note.
bonds shall be received from the engsver before
they issued the said notes and bonds shall he
signed by the Treasurer OF the United States for the
Treasurer by such persons may be specially
appointed BY the Secretary Of the Treasury for that pu
pose, and shall be oountersgned by the Register OF
Treasury for the Register by such persons the
secretary Of the Treasury may specially appoint that
prpose ana ali the provisions Of the act entitled "hn
10 authorize. the issue OF Treasury notes approved
the twenty third day Of December eighteen hundred
hty seven far they be applied 10 this and
not Inconsistent herewith, are hereby revived and
enacted and the Of three hundred thousand dollars
hereby appropriated out VI asy money in the Treasury
not otherwise appropriated TO enable the Secretary Of
she Treasury 70 carry this act into effect.
Sec Ardm JurthU endcfed. That II any person or
persons shall falsely make, FORGE counterfeit or alter or
cause or procure 70 be falsely made forged countered
OF altered or shall willingly aid assist in falsely max
sng, forging, countsrfetug or altering any note bond
uuupoD or ohsr security issued under the authority Of
ths act or heretofore issued under acts authorize the
fssue Of Treasury notes bonds or shall pass utter
publish OF sell or sttempt 70 pass utter, publish or sell
With intent 10 pass utter publish OF sell as trne or sba
bsve keep IN possession intent 10 utter
publish or sell true any such false forged counter
fcitsd altered note bond, coupon or other s.cn,
with intent 10 defraud any body corporate or poltc
any Other person persons whatsoever every perso
offending shall be deemed guilty of felony and shall
conviction thereof be punished by 8ne not exceeding
nve thousand dollars, aDo w Imprisonment and oontne