The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1862-03-07
TPUBL1o-No. 3o.l

A " ACT to authorize the issue of United
States notes, and for the redemption or
funding thereof, and for funding the
floating debt of the United States
Be al enacted By the Senate and House Of
Representatives Of the United States Of .An1er-
icd in Congress assembled, That the Seere-
tsry of the Treasury is hereby authorized to
issue, on the credit of the United States,
one hundred and fifty millions of dollars of
United States notes, not bearing interest,
payable to bearer, at the Treasury of the
United States, and of such denominations
as he may deem expsdient, not less than
five dollars each: Provided however, That
fifty millions Of said notes shall be in lieu
of the demand Treasury notes authorized 70
be issued by the act of July seventeen,
eighteen hundred and sixty-one; which
said demand notes shall be taken up as rap
idly as practicable, and the notes herein
provided for substituted for them: And
proVsded further, That the amount of the
two kinds of notes together shall at no time
exceed the sum of one hundred and fifty
millions OF aOTIar5I anu sucu uosee herein
authorized shall be receivable in payment
of all taxes, internal duties, excises, debts,
and demands of every kind due to the uni
ted States, except duties on 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 a legal tender in payment of
all debts, public and private, within the
United States, except duties on imports and
interest as aforesaid. And any holders of
said United States notes depositing any
sum not less than ffty dollars, or some null
tiple of fifty dollars, with the Treasurer of
the United States, or either Of the Assistant
Treasures, shall receive in exchange there
for duplicate certificates of deposit, one of
which may be transmitted to the Secretary
of the Treasury, who shall thereupon issue
to the holder an equal amount of bonds or
the United States, coupon or registered, as
may by said holder be desired, bearing in
| terest at the rate of six per centum per an
mum, payable semi-annually, and redeema-
BILE at the pleasure of the United States
after five years, and payable twenty years
from the date thereof. And such United
States notes shall be received the same as
coin, at their par value, liz payment of any
| loans that may be hereafter sold or nego-
tiated by the Secretary of the Treasury,
and may be re-issued from time to time as
the exigencies of the public interests shall
| require.
Sec. 2. And be 1t further enacted, That to
enable the Secretary of the Treasury to
fund the Treasury notes and floating debt
/ of the United States, be is hereby authoriz-
| ed to issue, on the credit of the United
States, coupon bonds, or registered bonds, ia
an amount not exceeding five hundred mill
lions of dollars, redeemable at the pleasure
| of the United States after Eve years, and
payable twenty years from date, and bear
ing interest at the rate of six per centum
III A -
the bonds herein authorized shall be of such
denominations, not less than fifty dollars
~ Of the Treasury. And the Secretary o
the Treasury may dispose of such bonds al
any time, at the market value thereon, fol
the coin of the United States, or for an!
of the Treasury notes that have been o.
may hereafter be issued under any forme
act of Congress- or for United States note
that may be issued under the provisions o
this act; and all stocks, bonds, and othe
securities of the United States held by indi
viduals. corporations, and associations
within the q United States, shall be exemp
from taxation by or under State authority.
SEC. 3. And Be IT. further enacted, That tn
United States notes and the coupon or reg
tered bonds authorized by this act shall b
in such form as the Secretary Of the Trea
| surv NAV direct, and shall bear the writtel
or engraved signatures of the Treasurer
the United States and the Register of th
Treasury, and also, as evidence of lawfu
issue, the imprint of a copy of the seal {
the Treasury Department, which impriI
shall be made under the directiyn al th
Secretary, after the said notes d bond
shall be received nom the engravers an
before they are issued or the said not'
and bonds shall be signed by the Treasure
of the United States, or for the Treasure
! by such persons as may be specially appoin
ed by the Secretary of the Treasury Il
that purpose, and shall be countersigned
the Register of the Treasury, or for II
Register by such persons as the SecretaI
of the Treasury may specially appoint +
that purpose; and all the provisions OF q
act entitled " An act to authorize the issV
| of Treasury notes." approved the twenC
third day of December, eighteen nunor'