The New York herald., 1862-02-26
The United states Note Bili.

WASHINGTON, Feb. 25, 1867
The following the bill 1t finally passed both houses
Congress to-day suthorsng the issue Of United State
notes and for the redemption funding therso and fo
funding the floating debt Of the United States
x AfT 10 authorize the Issue OF United potes and M,
the redemption funding thereof and for funding the
floating debt OF the United States.
BE enacted, dc, That the Secretary Of the Treasury
Il hereby authorized TO issue on the credit OF the
United states hundred aud nfty millions Of dol.
lars OF United States notes, not bearing interest
payable to bearer st the Treasury Of the United
States, and Of such denominations a he may
deem oxIedent not less than i've dolss each provided
however that nfy millions of said notes shall BE- In lieu
the demand Treasury authorized 10 be issued by
the act OF July H. si which said demand mote. shail
be taken up a. rapidly 90 practicable, aud the notes
herein provided for subdvided for tbsa and provided
further that the amount Of the too thirds Of notes to.
gsthcr shall Al 10 time exceed the OF one hundred
and hfiy million dollars, and such notes herein autho-
rzsd shall be receivable in payment Of all taxes Internal
duties excuses, debts except duties Imports and de.
nands Of every kind due " the United states escept
duties IMPORTS 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 eg tendsr In
payment Of sil debts, public and private within shs
nped States, except duties imports and interest a.
Aforesaid and any holders Of said United states notes de-
posting any not less than fifty dollars or some nul.
pie of fty dollars with the Treasurer Of the United
states or either of tbs Assistant Treasurers shall
receive 10 exchange therefor duplicate certificates OF
deposit Of which may be travmSied TO the secre-
tary Of The Treasury who shall tbsreupon issue the
holders equal amount OF bonds Of United States
coupons registered may by sad holders bs desired
bearing interest AZ The rate cf six per cenum per
payab semi annually and rsdeemable at the pleasure
OF thu United states after fye years and payable twenty
years from the date thereof and such United States
notes sbsl be received the same coin at their par
value, 10 payment for any loans that be hereafter
sold or negotiated By the Secretary OF the Treasury aud
may be re issued from time ~ time the ergencies OF
the public interests may require
sec 2. A~d Be further endeted That 10 enable the
secretary o The Treasury 10 fund the treasury notes aud
floating debt q the United States he hereby
70 issue on the cred Of the United States coupon bonds
or Iess'ercd oonds 70 an amount not exceeding $500
OooV0o and redeeusble At the pleasure II the United
states siser hve years and payable twenty years
from uate, and bearing interest at the rate OF sgx
-. - - ~. an"""i payable Remtannuay.
And the bonds herein authorized sha be of sven
dcnominatons, not hess than $50, as NAV be do.
termfned upon by The Secretary of ths Treas
ury. And the Secretary the Treasury aay sisuose ~
such bonds nj any tine at the market value hereos Tor
(awfu money the coin of the United states or for am
or the Treasury noes that have beou or may her,nrt
DC Issued under any TO mer sct Of Congress or for he
Inis states notes that may bs ssuod nuder sba proy