Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1863-04-17
[PUpLIc-No 5a.I


Ak ACE to provide ways means for the support
OF the Government
BE 1t enact b. The Senate and House Of Repre-
seLIGtIVes Of the United States OF America In Com
reSs AsaenDied TnaE the Secretary of the Treasury
10 and Is hereby authorized to borrow, from time to
exceeding three hundred mi lions Of dollars for the
nscAl year. and TO issue IherefJr coupon or
registered bonds pay able at he pleasure Of the Gov
ernmrnt after suz h periods may be fixed by the
Secretary, not iesS Than t5u nor more III IN forty
Yeas from date. iu cOiU, and of such denominations
not less than nifty dollars he deem expedient,
bcAr,uk interest at MT exceeding six per
tU IL per Rnnun, payable bonds not exceeding Que
hundred dollars, annually, and all other bonds
Gel-AuunaIiy, Coin and he may iu his discretion
dispose Of such nds at any time upon such terms
may deenI most advisable, Tor lawful money OF
the OuiteJ States, for any of the tihcates OF
Indebtedness or depOiE tuAt may any time Oe un
paid, or Tor Of tue treasury notes heretofore is
Bued which MAJ be Issued under the prOvisiVDs u
this act. Au' all the bonds and treasury notes o.
UhiteI States issusI under the provisions of
tbs act shalt be exempt FROM taxation by or under
It 20 Or municipal authority: Provided, That there
GhAiI be -Aud ny Of bonds, treasury nOIe5 and
United states, At any tIme ISsued under tho proVi-
HUuS of hs act, greater amount altogether than
the surn OF nine huuireI million. Of dollars
Sec. =. Aud be IL further nRcIeG, That the Score
tlrJ OF the Treasury aud Is hereby authorized to
Issue, tbs credit Of the United Atess Jour Hmm
dre'i ruiiV Of dollars in treasury notes, payable
III, pleasure II the UuIted STAGES or at such time
times exceeding three years from date as may
be tOuu most GenedCEat to the pubic interest and
artuS iuLs est at not exceeding six per CEN
tun per Annum, lyAble at peiods expressed on the
FACE OF said treasury and the interest the
SD treasury and certificates Of indebted
ness aud deposit hereafter Issued shall be- paid in
lawfI money. Tue treasury Notes thus issued shall
be suc denomination Ih= Secretary may direct
nut less than ten d0ilArs may disposed of on
the oest terms tnat can be- obtained, may be paid
to Ruy creditor u the United States willing to
celtic rho came par. Aud said treasury notes may
DC III AIDE leSAt lender to Tbs r1me extent As United
Stat notes their IA value excluding interest;
or Ihry may be e eXchRHk eable regulA-
tlVus prescribed 10y the Secretary OF the Treasury
lie th,FRn f Ar fR Trnud in Uf
asllugtOn, at the Office OF any assIs treasu
rer or depository designated for that purpose for
U1ts States notes equal in amount to the treasury
noIel offered for exchange together with interest
1etuod anu due thereon at The date OF int est pay
meLr not exceeding such exchange. And in lieu of
any ANU OF said treasury nOtes thus eHchanSeus
or redeemed, lid maturity the Secretary may
Issue dn equal amount of other treasury notes; aud
the treasury noes 50 exchanged, redeemed, or paid,
Gha Oe Cancelled Or destroyed AZ the Secretary may
direct. IN order 10 secure certain and prompt e1-
oh tuSes Of United of States notes for treasury notes
when require above provided the Score airy shall
have pOWsr TO issue United states notes To the
amount OF one hundred ami RGty millions of dollars
winch may be used II necessary for such eXCll tnges
but no Of the United States nO'eB authorized by
this section snail be tasued for applied to any Uth
er purposes than said exchanges; aud whenever any
amount shall have been ia ued and app led, the
Same shall be- replaced soon pra ticable from
the sales Of treasury notes for United States notes.
Sec. 5, Ana be It further enacted That the Secrt-
tAry OF ts Treasury be and is hereby author zed II
required by 7he exgencies OF thu public service,
thS payment OF the army and navy, and other Crei-
" 70 OF ihS GOVerument, to issue the credit Of the
United States the sum Of hundred and fifty mil
on- of dollars Of United states notes. Including the
Hmount OF such not heretofore authorized by the
""' rrsnlutI'n approved January seventeen. eigh-
teSu hundred and SixLYlhTee. in such form he may
asO. eApel:snt mot hearing interest, payable &C
bearer, M of such denO inStions. not less than
dollar, rs he may prescribe Which notes i=suet
SHALT De awful money and legal tender in pay
neut OF all deOIS, public aud private, within thu
United states, except for dutiO. imports and in
tSreSt the public debt; and any of the said notes
whom returned to the Treasury, may be refs ue,
from tine 10 time as the exiYsncies Of the publ
service may require. And in lieu of any OF sal,
ties, or any other Uni ed states notes, return t
the Treasury, and Cancelled or destroyed, there ma
be saued equal amOunts Of the United States notes
such ~ are autllOriZel by this act. And much q
the Gct to authorize the iss OF the United State
notes, and for other purposes, approved Februar
twenty-five, eigateen hundred and sixty two, ana
the act to authorize additional issue of Unite
Stats nOtes, ami tor other purpose, approved Jul
eleven, eighteen hunlIud and sixty two, restrict
the negotiation Uf bonds to market value, is hereo
repeated. Aud the holders OF Unltoi states n2te.
Issued uuder and ny virtue of said acts shall preSen
ths same t0e tho purpose Of exchanging the 10
bonnie, Ms he Gin provided, before the frat ca
OF July 1858 ami thereafter the right to exchapE
tho SAas shAll cease aud determines
ITo M CoSTINuEoI