Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1862-03-01
BY AUTHORITY.l

CHAP. AL\l.-An Act supplementary to
an Act entitled can Act to authorize Il Ma
tional Loan, and for other purposes"
Be it enacted By tie Senate and House Of
Representatives. 9f'the United States ef amer
ica IN Congress assembled, That, the Secre-
tary of the Treasury is hereby authorized to
issue bonds of the United States, bearing in
terost at six per centum per annum, and pay
able at the pleasure of the United States, af
ter twenty years from date; and if any holder
of Treasury notes, bearing interest at the rate
70 seven and three-tentlls per centum, which
may be issued under the authority of the act
to authorize IL national loan and for other pur-
poses, approved July seventeenth, eighteen
hundred and siN+y-one, shall desire to ex-
change the same for said bonds, the Secretary
of the Treasury may, at any time before or at
the maturity of said Treasury notes, issue to
said holder, in payment thereof, an amount Of
said bonds equal to the amount which, at the
time of such payment or exchange, may be
due on said Treasury notes; but no such
bonds shall be issued for less sum than five
hundred dollars, nor shall the whole amount
of such bonds exceed the whole amount of
Treasury notes bearing seven and three-ten!hs
per centum interest issued under this act !;
and any part of the Treasury notes payable
on demand authorized by said act, may be
made payable by the Assistant Treasurer at
Saint Louis, Or by the depoaitary at Cincin-
natl
Sec. 9. And be 1t further enacted, That
the Treasury notes issued under the provisions
of the said act to authorize national loan,
and for other purposes, Or Of any other act
now in force authorizing the issue of such
notes, shall be signed by the Treasurer of the
United States, or by some officer of the Trca-
sury Department, designated by the Secreta-
ry of the Treasury, for said Treasurer, and
countersigned by the Register of the Treasu-
ry, or by some officer of the Treasury De-
partment, designated by the Secretary of tho
Treasury, for said Register, and no Treasury
notes, issued under any act shall require the
seal of the Treasury Department.
SEC. 3. And be it farther enacted, That so
much Of the act to which this is supplemental
nv as limits the denomination of portion of
the Treasury notes authorized by said act at
not less than ten dollars, be and is SO modified
as to authorize the Secretary of the Treasury
to fix the denomination Of said notes at not
less than five dollars.
SEC. 4. And be ii. farfAer enacted. That in
addition 10 the amount heretofore appropria-
ted, the sum of one hundred thousand dollars.
or SO much thereof as may be necessary. BE-.
and the same is hereby. appropriated, out Of
any money in the Treasury not otherwise ap-
propriated to pay such expenses, commissions,
or compensation rs may be- necessary, in til.
Judgment Of the Secretary Of the Treasury. 10
carry into execution the provisions of the
net TO which this is supplementary.
SEC. S. .isd he a. farflr1 esactsd, T'ha.
the Treasury notes authorized by the act to
which this is supplementary. Of less demon
in.tion than fifty dollars. payable on demand
wishou, interest, and no, excceding in amount,
the sum Of fifty millions Of dollars, shall br IT.
.eeivable in payment OF public dues.
SEc. q. -1sd be It .tarthey ,.iaeted, That
the provisions Of the act entitled An Act to
provide for the better organization Of the
Treasury, and for the collection. srfr-kerp;ny.
transfer. and disbursements of the pul,l;r rev.
enue" passed August six, eighteen hundred
and for,y-six, be and the same arr h,.r,:,v
suspended, SO far ms to allow the SECRETARY Of
the Treasury to deposit any Of the moneys
obtained ON any Of the loans now authorized
by law, TO the credit Of the Treasurer Of ;h.
United States, in such solvent specie-paviny
banks as he may select; and the said MONEYS.
SO deposited. may BE- withdrawn from such
deposit for depost with the regular authorized
deposiiaries. or for the payment Of the public
dues, or paid in redemption of the notes au-
thorized to be issued under this act. or the ac,
to which this is supplementary. payable on de-
inand. as may seem expedient TO, or be direct
cd by. the Secretary Of the Treasury.
SEC. 7. And be IL .tarther cnacfed, That
the Secretary ofthe Treasury may sell or ne