The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1862-08-14

the sum OF one hundred ana nlly lnli-
lions of dollars, and such notes therein
authorized shall be receivable in payment
Of all taxes, internal duties, excises,
debts, and demands Of every kind due 10
the United States, except duties on Inn
ports, and of 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 payment of debts,
public and private within the United
States, except duties on imports and in
terest as aforesaid. And any holders Of
said United States notes depositing any
sum not less than fifty dollars, or some
multiple of fifty dollars, with the Treas
urer of the United States, or either of
the Assistant Treasurers, shall receive in
exchange therefor duplicate certificates
of deposit, one of which may be trans
mitted to the Secretary of the Treasury,
! who shall thereupon issue to the holder
! an equal amount of bonds of the United
! States, coupon or registered, as may by
said holder be desired bearing interest
at the rate of six per ccntum per annum,
payable semi-annually, and redeemable
at the pleasure of the United States af-
/ ter five years, aud payable twenty years
| from the date thereof And such United
! States notes shall be received the same
as coin, at their par value, in payment for
any loans that may be hereafter sold or
] negotiated by the Secretary of the Treas
ury, and may be re-issued from time TO
time as the exigencies OF the public in
! terest lhay require
Sec. =. Ind be 10 further eiiacte ;, That,
to enable the Secretary of the Treasury
to. fund the Treasury notes and floating
debt of the United States, coupon bonds,
or registered bonds, to an amount not eX
ceeding five hundred millions of dollars,
redeemable at the pleasure of the United
States after five years, and payable
twenty years from date and bearing in
tcrest at the rate of six per ccntum per
nnnum, payable semi annually. And the
bonds herein authorized shall be of such
denominations, not less than fifty dol
lars, 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 of the Treasury notes
that have been or may hereafter be issued
under the provisions of this ac; sad aii
stocks, bonds, and other securities of the
United States held by individuals, cor
porations, or associations, within the
United States, shall be exempt from tax
alton by or under State authority.
Sec. B. AHd be il FIR her enacted, That
] IfnffnH Gfafoo k,
or registered bonds authorized by this
act shall be in such form as the Secre-
tary of the Treasury may direct and
shall bear the written or engraved sigma
lures Of the Treasurer of the United
States and the Register of the Treasury,
and also, as evidence Of lawful issue the
imprint of a copy Of the seal of the
Treasury Department which impli int
shall be made under the direction of the
Secretary, after the said notes or bonds
shall be received from the engravers and
before they are issued or the said notes
and bonds shall be signed by che Trca-
surer of the United States, or for the
Treasurer by such persons as may be
specially appointed by the Secretary of
the Treasury for that purpose, and shall
be countersigned by the Register Of the
Treasury, or for the Register by such
persons as the Secretary of the Treasury
may specially appoint for that purpose
and all the provisions Of the act entitled
An act TO authorize the issue Of Treas
ury notes." approved the twenty third
day of December, cigh' cen hundred and
ffty-seven, so far as they can be applied
to this act, and not inconsistent there
with, are hereby revived and re-enacted
and the sum OF three hundred thousand
dollars is hereby appropriated, out Of any
money in the Treasury not otherwise APP
propriated, to enable the Secretary Of the
Treasury to carry this act into effect
Sec. 4. And be It further enacted, Thai
the Secretary of the Treasury may re-
ceiye from any person or persons, or any
corporation, United States notes on de-
posit for not less than thirty days, in
Sums not less than one hundred dollars,
with any of the Assistant Trcasurers on
designated repositories of the United
States authorized by the Secretary Of the
Treasury TO receive them, who shall issue
therefor certificates of deposit, made n
such form as the Secretary Of the Treas
ury shall prescribe, and said certificates
of deposit shall bear interest at the rat,
of five per cenlum per annum; and any
amount Of United States notes so depos,
tied may be Withdrawn from deposit a
any time after ten days notice on the re-
turn of said certificates: PyOuided, That
the interest on all such deposits shal
cease aud determine at the pleasure Of tn,
Secretary OF the Treasury; Ind Uy0yias,
! fDtiy, That the aggregate of such deposi
+ shall at no time exceed the amount o
twenty-five millions of dollars.
See b, and be 10 Jigtler eaactai, Tha
all duties on imported goods shall be paiC
ia coin, or in notes payable ON demau,
heretofore authorized 10 be issued aud bl
law receivable in payment Of public dues
e and the coin so paid shall be set apar
p as a special fnnd, and shall be applied a
; follows.
! First. To the payment in coiu Of th
interest on the bonds and notes of th
r United States
, Second. That the purchase OF paymen
2 of one per oontum of the entire debt O
b the United States, 10 be made within eac
, fiscal year after the first day of July
s eighteen hundred aud sixty-two, whic
3 Is TO be set apart as a sinking uudr an
. the interest Of which shall in like mauue
q be applied 10 The purchase or payment @
}, the public debt as the Secretary Of ia
(, Treasury shall from time 90 time direct.
s Third. The residue thereof % be pai
: into the Treasury Of the United States.
u Sec 6. ABi Be z frtter enacted, That
4 any person or persons shall falsely max