Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-09-12

such notes shall be receivable in payment
of all loans made to the United States aud
of all taxes, internal duties, excises, debts,
aud demands OF every kind due to the Uni.
ted States, except duties on imports and
interest, and Of all claims and demands
against the United States, except for in
terest upon bonds, notes, and certificates
of debt or deposit; aud shall also be law
full money and a legal tender in payment Of
all debts, public and private, within the
United States, except duties on imports aud
interest, as aforesaid. Any holder of said
United States notes depositing any SUN not
less than fifty dollars, or some multiple OF
fifty dollars, with the Treasurer of the
United States, or either of the assistant
treasurers, shall receive in exchange there
for duplicate certificates of deposit, one Of
which may be transmitted TO the Secreta-
ry of the Treasury, who shall thereupon is
sue to the holder an equal amount of bonds
of the uuited States, coupon or registered,
as may by said holder be desired, bearing
interest at the rate of six per centum per
anndm, payable semi.annually, and re-
deemable at the pleasure of the United
States after Eve years, aud payable twenty
years from the date thereof: Provided,
however, That any notes issued under this
act may be paid in coin instead of being
received in exchange for certificates of de-
posit as above specified, at the direction Of
the Secretary OF the Treasury. Aud the
Secretary of the Treasury may exchange
for such notes, on such terms as he shall
think most Beneficial to the public interest,
any bonds ofthe United States bearing six
per centum interest, and redeemable after
i've aud payable 10 twenty years, which
have been or may be lawfully issued under
the provisions ofauy existing act; may re
issue the notes so received in exchange /;
may receive and cancel any notes hereto
fore lawfully issued under any act of Con-
gress, and In lieu thereof issue an equal
amount In notes such as arc authorized by
this act; aud may purchase, at rates not
exceeding that of the current market, and
cost OF purchase not exceeding one-eighth
of one per cehtum, any bonds or certificates
of debt of the United States as he may
deem advisable.
Sec. Aud be il further enacted. That the
Secretary of the Treasury be and Is hereby
authorized, In case he shall think it expe-
dieut to procure said notes, or any part
thereof, to be engraved aud printed by
contract, to cause tho said notes or any
part thereof to be engraved, printed, and
executed in such form as he shall prescribe,
at the Treasury Department in Washington,
empowered to purchase and provide all
the machinery and materials, and 20 en-
ploy such persons and appoint such Off
GERS as may be necessary for this purpose.
Sec. 3. And be it further enacted, That
the Limitation upon temporary deposits OF
United States notes with any assistant
treasurer or designated depositary author
lied by the Secretary Of the Treasury to
receive such deposits to Gfty millions dol
lars, be and is hereby repealed; aud the
Secretary Of the Treasury is authorized to
receive such deposits, under such regulA-
tions as he may prescribe, to such amount
as he may deem expedfent, not exceeding
one hundred millions of dollars, for not
less than thirty days, in sums not less than
one hundred dollars, at . rate of interest
not exceeding five per centum per annum (;
and any amount so deposited may be with
drawn from deposit at any time after ten
days notice, on the return of the certificate
of deposit. And of the amounts of United
States notes authorized by this act not less
than Fifty millions of dollars shall be re-
served for the purpose of securing prompt
payment of such deposits when demanded,
and shall be issued aud used only when in
the judgment of the Secretary of the Treas
ury the sape or any part thereof may be
needed for that purpose. And certificates
Of deposit and of Indebtedness issued un-
der this or former acts may be received on
the same terms as United States notes In
payment for bonds redeema6le after five
and payable in twenty years. a14 Sa4
Sec. 4. And be it further enacted, That
the Secretary of the Treasury may, at any
time until otherwise ordered by Congress,
and under the restrictions imposed by the
"Act to authorize a national loan, and for
L., -
the United States, such part of the sum Of
two hundred aud fifty millions mentioned
in said act as may not have been borrowed
under the provisions of the same, within
twelve months from the passage thereof.
Sec. g.. And be it further enacted, That
any part of the appropriation Of ten thon-
sand dollars for the detection and bringing
to trial of persons engaged in counterfeit
ing the coin of the United States made by
the act entitled IAN act making appropria-
tions for the legislative, executive, and ju-
dicial expenses of the Government for the
year ending thirtieth June, eighteen hun
dred and sixty .one, !" approved June TWEEN.
ty-three, eighteen hundred and sixty, may
be applied in detecting aud bringing to trial
and punishment persons engaged in coun-
terfeiting Treasury notes, bonds, or other
securities of the United States, as we'll az
the coin of the United States. And tc
carry into effect the preceding sections o.
this act the sum of three hundred thou.
sand dollars is hereby appropriated, ont o
any money In the Treasury not otherwise
appropriated. ad
Sec. 6. And be it further enacted, That
all the provisions of the act entitled "AI
act to authorize the issue Of United Statei
notes and the redemption Of funding
thereof, and for funding tho floating deb
of the Uuited States,P approved February
twenty-five, eighteen hundred and sixty.
two, so far as the same can or may be ap
piled to the provisions Of this act, aud no
inconsistent Herewith, shall apply to thl
notes hereby authorized to be issued.
Approved, July Ii, 1869.
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