New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-01-23
The GOVERNMENT FINANCIAL SCHEME.
$4,000, oCO OF DEMAND NOTES
$5OO,OOO,OOO Six per cent 2O-year Bonds
TIE NOTES TO BE A LEGAL TENDER.

WAsnisoToy. Wednesday. Jen. %, 1862
The bill reported from the Committee OF ways
and Means to-day provides that for temporary pnf'
poses the Secretary Of the Treasurer Is authorized 10
issue on the credit Of the United States ono hundred
millions Of dollars of United States notes, not bearing
interest payable to bearer at the Treasury, or a.
tho Office of the Assistant Treasurer, i'll the City OF
Now-York, st the pleasure of the United Saes, and
ofuch denominations as be may deem expedient' nos
lees than s. each and such notes and all o,her United
States notes payable on demand, not bearing interest
heretofore authorized, sha be receivable for all debts
and demands due 10 the United States, ana
for all salaries debts and demands OWING
/ by the United States TO individuals, ooTo-
rations, and associations within the United
States. and shall also he lawful money and a legal
tender in payment of all debts, public and private,
within the United States, and any holder of SAID
United States notes deposit!ng any sum not less than
$50, or other than multiple, with the Treasurer
of the United States or either OF the Assistant
Treasurcrs, or either Of the Designated depositaries
at Cincinnati or Baltimore, shall receive in exchange
therefor duplicate certificates Of deposit Of which
NAV be transmitted 10 the Secretary of the Treasury,
who shall thereupon Issue 10 the holder an equal
amount in bonds Of the United States coupon or
registered B may be desired bearing inierost ct The
rate of fix per cent and redeemabe az the pleasure
Of the Government, after twenty years from date
or in enms not lees than 80 f0r which, II requested,
tho Secretary, if he deem IL expedlent, may Issue
similar bonds. the principal and interest OF which
may be expressed in the currency OF any foreign
country and payable there, and such United States
noies shall be received the sae az coin, at their par
value, in payment for any bonds that may he here
after negotiated by the Secretary Of the Treasury,
I al b. med from la The
geucies Of the public feryice may require.
ILeie shall be printed on the back 81 The United
States notes, which may lie issued under tho pro-
vi ions Of this nct, the following words: The with
In note legal tender IN payment Of all debit, pub
he end private and j. Ychaugeable for bonds OF the
United States, bearing PER cent interest
To enable the Secretary Of the Treasury 10 fund
the Treasury notes and floating debt Of the United
Slater be il authorized 10 i-sue, the credit Of the
United staies coupon touds, registered bonds, to
an amount not exccelng $3.50, oC0,OCO, aud redeem
able al the pleasure Of the Gov rnnent after twenty
wears from date and bearing Interest at the rate OF
The bonds herein Dried shah be OF such denoni
nation not lee. than $50 ne may be determined upon
by The the Secretary Of }hS feasiry, or il suns
less than $500, for which If reque'ted, The Se-
cretary, If he deems 1t sHIedieh', may Esue
similar bonds the principal and interest OF which
may be expressed in tie currency Of auy ioielsn
country and payable there.
1 TIE Secretary il aulhorized to issue said bonds
at their par value 10 any creditor or creditors OF the
United States who NAY elect to receive them, IN sst-
i.faction OF their demands, provided that all suoh
claims or demands shal! have been fret audited and
settled by the pfoIer accounting oicersoi Tue Iross-
ury and the Secretary OF the Treasury may ALEC ex-
change such bonds at any time for lAwiul money Of
the United States, for any of tie Treasury notes
that have been may hereafter he Issued under any
former act Of Congress- that may be issded under
the prov isions OF ibis act
Tie United States notes and bonds Authorized by
this ret, or that have been heretofore Authorized,
shall be signed by the Treasurer Of tho United States,
or Tor the Treasurer by such Iersous may be sle-
cihcay appointed by The Secretary OF the Treasury
for such purpose, and shal be co1nerslgned ~ The
Registrar OF the Treasury, or for the Registrar W
such persons ~ the Secretary Of the Treasury may
specially appoint for such purIose ind all the pro-
visions Of the net entitled "An at 10 authorize the
issue Of Treasury notes approved on The 30 day OF
December lsj7 70 far hey be applied t. tins
act and not inconsistent herewith. are revived ana
reenscted, and the Of s'Op,OOO is appropriat'd
to enable the Secretary OF the Treasury 10 carry this
net into effect.