Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1863-03-14
NINE HUNDRED MILLIONS.

L
The following is an official copy of the mos
important Finance Act ever passed by An Amer
Iic,n Conorasa T. ,;u -.
"n 'opay present study
anu snouid Do carefully preserved for futur,
reference: %
A., ~ ,
=" ~'' 0,,,raU. raODs WAYS AND MEANS FOR THl
o"' VI ihA 'o'hhNhENr'
DO ~ enacted py the Senate and House o.
representatives OF the United States of Amer
lca 10 congress assembled, That the Secretary
oi the treasury be and 10 hereby authorized "a
DoIiow, rom ume 10 time, on the credit of the
1n,eu n!a1es' sum not exceeding three hun
ureu milions Oh collars Tor the current fiscal
sear, anu s'A nundred millions for the next
nson year, anu 10 issue therefor coupon OF
.os,eDelou ponus, payable at tne pleasure OF the
so'enmsns .n a..er sucn perloos aB may be fixed
t.e Seo'osAry, hoC ieSs tnao ten nor more
snsn Ioey years from uate' IN coin, and OF such
uenoIlnauons not less tnan hity dollars as he
may ueem e1Peuien', bearing interest at rate
NJ uSS oAooeuils el4 pcr centum per annnm, pay
i ao,e on julius nos eAceeu'ng one hnndred dol
s,al s's annuay, ~, a"u 9n an o'ner ponns seml-an'
saay' s,ly' ~ ooipi anu ne may 10 hiS discretion
t,epoeo " auon pouus any ume' upon such
"o c,I 90 no ny Igen ICs. auVisaole' Tor law
~ ~vnSS n,ss =. sne Uni.su states or Tor any OF
sue ooiipos'.s Vi inuep'euneSs or deposit that
my az sny s'ne po unpaid, OF ior any OF the
na LUIS "SSs. ns,e.Le .h h,e lssuea OF Whlch may
~, 'e1aeu .u uuae' eprossons Oh this act. And
sta.sa 0tos ;ssrad rnd". doeuy .y no.es OF oeited
aca sh All ha.sYsmn, tror, uo psovislons Oh TINS
sista % o. DanUi";nai n,Lass. ssAaHon Dy or under
ltbsSe shaii ha d~,s,auS;o oy'ueu' lhat
rotas and IIni,sS St..oa LIZ " popuH, treasury
ssd ydS nnssr tho I,ovisi"os ~, ~ any time, is-
sr,orrt sitonathos shnn " " 'ns ac', no greater
drsJ no;,,iana os So,Iass a" '"e 'u" oi nine nun
O. Ia ~ =. no.,
socra,arn os ~ T.. nIt enac'eu' ihat the
an,hor;zsd 20 issra n ~ Do suu ne 10 nereby
ststea fou, SnnSsoa " .uo oreSn Q, tne United
nru notaS narahIa =. .h sin VI uollars IN treas
Slstes ~ a. snch t;r,a ~ ., tue ouited
,brao .aa,s TO-. o Ja.o " ""oS ho' exceeding
han eeoioI 70 ,ha nrhi,o ,asy ~. ay oe iounu most
,a.ast W. " .n' paono in'9,ess' ana bearing in-
ror Se,es. A. rave aps exceeding SIX per centnm
faco 80 .a;s taJaU,o % pelious expressed on the
,So "a ~ sa,u treasury no'es; ana the interest on
;ndoStaS go .oeo rnu VI cerlincates OF
ha oo;S Snl uePosl' hereafter issued shall
.hrpp pG,. - AVN moGy me treasury notes
,souOu ena. ooo' eucu denomination as the
auS ,asr may @ ui1eos' not less tean ten dollars,
aan ~ y 20 uisPoseu u on tne Dest terms that
oS ,bo IIS,..J Sy ~ msy pe Paiu 10 any creditor
sara =. SsAses .lllng 10 reeeive the
49, fa. uu oa'u ueasury notes may be
IIn;,od s.as, sss, . .enueI W me same extent as
inc ;n,srss,. =" nv wi 'neir Iacs Value lnclud-
HE nndar rsonia,;oD. y oe,hS 20 maue enchsngeaN
tarv nf The Tseasn,, r.. ~ po1. ~ tne oec'e.
the Treasurv in ths ci,, ~ W..s, ,ueseoI, u.
the ofica ~ anv oso;.,n,y t. aen'nson, VT NJ
nv dooignatad e.. th., ~ oaOuio' VI uoposiA
Statss 5otss .nna, ~ sa's parpose' Ior united
nntes ofFsrad fos evohan,,a ',ss,. " sle treasury
tereat accrnod and dra ,het wiUu sue in
intereat n,vmant M - n,ao"a,n on AZ 'no ua.e OF
And in Iisn. nr 80, ns SUN sAonange'
notes ,bu, eychsncad os ..Sos ~ sa'u ueaeury
matn,i,y tho Sacse,a,u @ .ueomeuI VI Paiu NJ
amornt - n,bo, tsoo.,'.y nay 'osuo uh equai
rv notaa on oxchanaaS Ios, snu 'ne toasu,
be- Cancelled and des,rovad os ~" s Paiu, snaii
d;rect In cd. 20 sos,.e % WIG oeoretary may
exchanoea ~ GIn,tod o ~ SS,o, oo'sn,n ana prompt
nv nntos vbon raou;.od no'oo ioI ueasH-
Secretary oshall have nowa. P,o.u9u, .ns
States rotes 70 ,ba :, o,Dop.. 49, s ISSUE oal'eo
ii,v m,ilInns sf rioIJa,s wh,oh 'uo nuuoreu suu
necessary for snch sychonaoa. a,ay .' oe uoeu u
the IJnited sta,ss no,ss antSo uss no pare o'
linn sbaIl he iasued sor a. ansiiaJ ~ 'u'o seo-
pul poses than aid erchannsa. anS ~ shy osnoI
a1s amount sball havs hasp so ;a, auu ~ueueser ~
plied. the same sbsiI no rerjsosS u .. ana uo up
practicable from the saIea of ,roasn.a 80. sao 90
United Stata, notes "o'N' '''
SRo q. And he r. f,,tho. o,.o..s M.
S.eretsrv of The T,aaanrn ~ oaaos'u' S nav tue
authorized If rtonrsd h, tbo e~iaoin W 70 nyrtpy .y
pubIic serVice for the ma, man, ~ y. 'ne
navy. and o,bsr cta,ilioys oC th" 'uo ' a'ny ana
IN issue nm the crsdIt of Inc iJa;, eo'nnen' s
ann Of one hundred ami f;fts a,i,i;na 'sss s tue
of United States no,aa ;nclndin,' 40 y. uoIiars
of snoh notes barstoSors an,hasi5a Wv .uo suiount
reaoIu,ion annrovsd Lamar a"aan'aJ " 'n9 Jo'ht
bundred and aiYtv.threa H. s.oh o'su'een
NAV deem exoedient not Sosr;no 'o'm ns ne
payable TO bearer, and of such danominstio~s'
not less than one dollar, as he NAV prescrihe
which notes 40 Issued shall be laxCnI nnnnar
aud legal tender In PAYMENT of all deht'
public and private, within the United Ststes ;
except for duties on imporis and intaroa, ~
the public debt; and any of the said no,ea
when returned to the Treasury. NAV be reiasns5
from time to time as the exireooles of tba nnh.
lie service may require. And IN lien of anv y,
said notes, or any other United Statea nn,so
returned TO the Treasury. and csncalsd or A.
strov ed. there NAV be issusd sonsj smana,'o oy
the United States notoa. sucb "a are antho,;,od
by this act. And 40 mnob of The act 10 auth"s'
igs The issue Of the DATED states notas ana
for other putposes. annroved Fah,nayv ,wsn,,
Ave aIobtaen bundred and a ,Iv.tvo onS nr ~.
act IN Sutborjze an additional issne of IIn,.aS
S,otea notes. and for olber nnrnosss ann,n"oS