The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1862-02-20
The Treasury Note Bill.


-S0a
The Treasury Note Bill.
The bill as passed by the Senate and sent to the
Senate is as follows, in full:
Be it enacted BIZ the Senate and House Of Repre-
SeRtatiucS Of The United States, IN Congress As
Sembicd
That to meet the necessities of the Treasury of
the United States, and to provide currency re.
ceivable for the public dues, the Secretary OF the
Treasury is hereby authorizes to issueon the credit
of the United States, one hu ndred and fifty millions
of dollars of United States notes, not bearing in
terest payable to bearer at the Treasury of the
United States at Washington or New ork, and OF
such denominations as he may deem expedlent,
not less than five dollars EACH Provided, h0weV-
er That fifty millions of said notes shall be in lieu
of the demand Treasury notes authorized to be is
| sued by the act of July seventeen, eighteen hun
dred and sixty one which sad demana notes snaL
| be taken up as rapidly as practicable, and the
notes herein provided for substituted for them =
And provided, further, That the amount OF the two
kind of notes together shall at nc time exceed the
sum of one hundred and fifty millions OF dollars.
And such notes herein authorized shall be recelV
able in payment Of all taxes Duties mposts, ex-
else debts and demands of every kind due to the
United States, and for all salaries debts and de-
mands owing by the United States to individuals,
| corporations and associations within the United
States and shall also be lawful money and legal
tender in payment of all debts, public or private,
within the United States. And any holder OF said
United States notes depositng any sum OF not less
than fifty dollars some multiple OF hty dollars,
with the Treasurer of the United States, either
ofhe assistant treasurers, shall receive III exchange
| therefor duplicate certificates OF deposit, one OF
which may be transmitted to the Secretary OF the
! Fteasury who shall thereupon issue to the holder
an equal amount Of bonds OF the United States,
coupon or registered, may by said holder be de-
sired, bearing interest at the rate OF SIX per centum
per annun, payable semi annually at the Treas
| ury or Sub Treasures eff the United States, and
redeemable at the pleasure of the United States
alter twenty years from the date thereof
Provided, That the Secretary OF the Treas
ury shall, upon presentation OF SAID certlhcates OF
deposit, issue to the holder thereof at his option,
| and instead of the bonds already prescribed, an
equal amount of bJnds of the United States coupon
| or registered, as may by said holder be desired
bearing interest at the rate OF seven per cent per
annum, yable in coin semi annually land redeem
able at the pleasure of the United States after five
| years from the date thereof. And such United
States notes shall be received the same 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 re-issued from time to
time as the eXgencies of the public interest shall
require There shall be printed on the back of the
United States notes which may be issued under
the provisions of this act, the following words
The within note is a legal tender in payment of
all debts, public and private, and is exchangeable
tor bonds of the United States bearing six per cent.
| interest at twenty years, or IN seven per cent.
bonds at five years
SEC. 2 AaG be ii further enacted, That to en-
! able The Secretary OF the Treasury to fund the
] Treasury notes and floating debt of the United
States, he is hereby authorized To issue, the
credit of the United States coupon bonds, or reg
istered bonds to an amount not exceeding five
hundred million of dollars. and redeemabe at the
! pleasure of the Government after twenty years
from date and bearing interest at the rate six per
| cent per annum payable semi annually. And the
| bonds herein authorized shall be OF such denomi-
nations not less than fifty dollars, may be de
termined upon by the Secretary of the Treasury.
And the Secretary of the Treasury may dispose of
such bonds at time for lawful money OF the United
States or for any of the Treasury notes that have
BEEN or may hereafter be, issued under any former
act ofCongress, or for United States notes that may
be issued under the provisions of this act; and all
| stocks bonds and other securities of the United
| States held by individuals, corporations,
Citations within tt United States, shall be exempt
J from taxation by any State or county.
| SEC ;. And be ii further enacted, That the Uni
ted States notes the coupons or registered bonds
authorized by this act shall be in such form the
| Secretary Of the Treasury may direct, and shall
! bear the written engraved signatures 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
| Deparment which imprint shall be made under
the direction of the Secretary, after the said notes
or bonds shall be eceived from the engrayers and
before they are issued the said notes and bonds
shall be signed by the Treasurer of the United
States or for the Treasurer by such persons as may
be specially appointed by the Secretary OF the
Treasury tor that purpose, and shall be counter
signed by the Register of the Treasury, or for the
Register by such persons the Secretary may spe
caly appoint for that purpose; and all the provs-
ions of the act entitled "An act to authorize the
issue of Treasury notes" approved the 23d day OF
DecemUer 857 so far as they can be applied TO this
act and not inconslsteDten Herewith, are hereby
revived and re enacted and the sum of three hun
dred thousand dollars is hereby appropriated: out
of any money in the Treasury not otherwise APP
prOpriated to enable the Secretary OF the Treas
ury to carry this act into effect
SEC. 1. and be ii further enacted, That If any
PERSON or persons shall falsely make forge counter
felt or alter procure to be falsely made,
forged counterfeited altered, shall willingly
aid or assist in falsely making, forging, counter
letting or altering any note bond, coupon, or 9th
er security issued under tn authority OF TINS act,
or heretofore issued under acts to authorize the IS
sue OF Treasury notes or bonds or shall pass utter
publish or sell, or attempt to pass, utter, publish
or sell or bring into the United States from any for
eign place with intent to pass, utter, publish or
sell as true or shall have or keep i'll possession or
conceal with intent to utter, publish or sell as true
any such false forged, counterfelted or altered
note bond, coupon, other security, with intent
TO defraud any body corporate or polite; or any
other person or persons whatsoever, every person
so offending shall be deemed guilty vi felony, and
shall, on conviction thereof, be punished by line
nor exceeding We thousand dollars, and by lmprIs
onIneut and confinement to hard labor not exceed
ing fifteen years, according to the aggravatlon o.
of the offence.
y, a De u
person having the custody Of any plate or plates
from which any engraved part OF any notes, bonds,
coupons or other securities in the 9TH section men
toned shall have been struck, or which shall have
been prepared for the purpose OF striking the en-
graved part of any such notes, bonds, coupons or
other securities any part thereof shall use such
plate or plate or plates or knowingly permit the
same to De used for the pupOse OF striking any en-
graYed part OF any notes, bonds, coupons, or ON
er securities except such as shall be ST. uck Tor the
United States by order of the proper officer there
cure to be engraved shall aid IN engraving any
plate or plates in the likeness or slmIltude OF any
Mate or plates designed for the striking OF any en-
graved apart OF any hnotes, bonds, coupons or
other securities, or shall vend or sell any such
Mate or plates or shall bring into the United
States from any foreign place any such plate or
plates with any other intent fer any other pur-
nose in either Case than that such plate OF plates
Shall be used in striking the engraved parts OF such
notes bonds, coupons or other securities Ior the
use OF the United States shall have In his custo
DIV or possession any metallic plate engraved after
the similitude of any pare from when any such
notes bonds coupons other securities snail nave
aan printed with intent to such plate or plates
ar cause or suffer the same TO be used IN forging
or counterteiting any such notes, bonds, coupons
other securities issued as aforesaid, or shall have
in his custody or possession any blank note notes,
hond or bonds ceupon or coupons, or other secu-
rity or securities, engraved and printed after the
sin1ilit u de OF any notes, bonds coupons other
securities issued aforesaid with intent TO sell or
otherwise the or if any shall strike pho
tograph, or III auy other manner execute or cause
To he struck, photographed, or IN any other man
ner executed or shall aid in striking, photograph
ing or executing any engraving photograph, or
other print or impression, in the likeness or snlii