New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-01-27

Mr.. COLFAX REP, Ind.l offered as substitute
for the original bill Mr.. Sevenss substitute, with
the bank-tax section from the former added
| This was rejected.
| The Committee then rose and reported the bill, As
heretofore amended by the Committee OF the Whole
on the State of the Union, which has already been
published.
Nearly all the amendments made TO the bill in the
Committee of the Whole were agreed to. Several
were reserved for separate votes, including that
authorizing the Secretary of the Treasury TO dispose
of the bonds,lat any time on such terms as he may
deem advisable instead Of restricting him to not less
than par. This was agreed to by vote OF IS
against 80.
| The House disagreed to the Committees amend
ment taxing the aggregate of bauk deposits.
| Mr.. STEVENS again offered his substitute,
amended by himself, 30 RS to include the bank-tax
section Of the original bill, but it was rejected, 80
against ~
The bill, as amended by the COMMITTEES was or,
dered to be engrossed for the third reading, ana
passed without division.
| The bill passed is follows;
BILL provide ways and for the support Of the
BE enacted BY the Senate and Boue Of Rrpreenfatipes Of
The United iers IN Congre assembisd That the
Secretary Of this Treasury and hereby authorized to
borrow from time to time credit United States
exceeding $500 900 for the current h'cs year
and 1900 for scs year and to sus therefor
coupon or registered bonds tho pleasure OF the
after twenty years from date IN CON- and oil such
not less than $50 he deem eIpsdent
bearing interest at q exceeding per PEI
num- payable semi annually 10 coin and he may In his dis
creon dispose OF such bonds al tine upon such erms
may be sdvisab. lawful money Of the United states or
the certificates Of Indebtedness tina, may at any
time unpaid for OF the Treasury notes heretofore
Issued which be Issued under tho provisions OF this
And all the bond. aud Treasury notes issued under the
provisions this act shall be exempt from taxation by or 9n-
aer State authority Prordd That hoe shall be outstanding
bonds Treasury notes and United States notes at any
time sued under tho provisions Of this act no greater
| amount altogether than the sum Of 80 OO0,OOo
SIC And be f,he, enactcd Thai the Secretary Of the
Treasury he aud hereby authorized to issue on the credit OF
the United States O0UO Treasury Notes bearing n-
trre, exceeding six centum per annu p.ys
yen date Treasury ofthe United States
Of such denomination. he deem eIpedent not less
each aud such notes she be receivable er internal
duties and all debts and demandi due TO TIE Uned "
c-rt duties Imports And the hodefs OF any such note.
shall have tho right any time before after they becons
dle and under su rules shall bs prescribed BY tho Sece
the Treasury exchange the .s With the accrued
interest thereon, at the Treasury oi hs United strs or
Office OF Assistant Treasurer or d~po.tay de.s
mated Tor the purpose Tor an equal sn9Gnt OF es 'endrf
but nothing in this section ,h, be construed su
thorizs any additional issue o. legal tender notes-And
Treasury notes may be ne py the secIe'sy o. 'hs
ere tor, the United who willing to receive
the ,aue shs be- received At their saie in payment
o am thai may he hereafter negotiated by the seeFe
,ly OF the Tcsuiy who ha also allow an any such neso-
.iions and pay In coin interest which may sy. accu
uus,-d thereon end the secretary OF the Treasury may
fo oe, the rSis.ucc' OF the pubic service nay
require oy amount o Treasury no he-i" sn'hor
zed equal u sna amount redeemed ncrr shall 10 pint-d
on tbs Of The Treasury ho,e which may DO issued undoi
tie provision. OF thi, act the sniousi ~ tr"f" "eh WIN
have accumulacds tie eni 81 zach three mouths o ,hr
date thereof snd word. import ng that ucn uo- ar ies,
tender IL Mt OF nernh curs avn 81 az u 81"
receivable Tor III loans NJ dc TO tho uai,ed states .
sKc And be fJurih1 eHGoi'd That the secretary the
Tss,ur, be- aud lie hereby authorized " Iequ I'd by the
.Hls.ni. o. the pubic service - tie r.ym o. ne army
a.. credit the aiiea States ths sun of +SoO"'so o.
United states notes H. such form 80 lac may deem @ipsls'
not IsyAhl. TO tho neafs aud OF Sdch dr0
inssion. as be Pre'crbe which note. 20
.hal he lawful money and -s tender ~ p'g eHt OF
ali debt public aud private. wittla tins ui.ef Stses except
r o.. 90 I'D Tote. when ie,rn.d to lh frea.uy my b.
| nam finn tiulr
Sc lad Ja,fAsr oaacfed That 10 lieu Of postage
aud cy.au, Tor scns currency and Of ifci5nal
note. called portage .oed % to De 'usd the sec
r.ry OF t- Irrsslry usy isction, Of he
Anoin, IN .ucn ion d-,n -pl-die"t snd n'sv
pr ,ide lof The eas'ns pspTsiou ind l's- thv',o'
the Is-Assfy DE- p.nclt banding sd al nrh ncls' iIsd
sh.l - hy zoe If~asusf Asss snt TREASURER
aud dsssnasd ospefianr io potts" ih s'eaue w
not 's. than J. sn4 'rs 40 p'l-h =. ~ 49,
10 The nied lee. tasu 80 eicrt duns' on i'oti'
smell b. r-dec ID Oh presentation Al We a'uIy :" -.
u..sd states 10 such SUI ad ulGrf 'ih r-sn non a. vac
sesfriafy Treasury sa pfcs'fse ana 'hAii pr %
e ansvsye At The Oh 81 TIE lira'gi" ~ 'hs
or Of any Assistant lt"'afei % o-'s4.'a n'Posy O
nii.d States note Of 90 'q'Ssl1n' a"ouHi 'siies ma
The ~l'lc amount o. ifsrii'n' cgIfeley Issued n,l.a.,b
possge AMI revenue ,tanss 'ueG 80 currency ana" A' "a
| cr,d my nilioas Of dollar
IA. Iie4..y hsIsDy aahoH,d 10 cccs, oep9-t,o goa
coin with the Treasurer Or any As''so, ffsiuf
tie Uri-d s,atr, IA s.ms not ICES iA.n ~ ,A1 70
issue certificates thereof ga ashoI.".t .. h' "
than ~ eanl, corresponding Win 'hs Denomination
OF United States noivs. tie COR and oun"l erpo" "a
iof fepT~''Lt!ns ne crfil.ese' ~ uet Vs I. ."
fr,sined IN Treasury TOT the payment Of TIE ''M"
I On rrfLirsra fFlEts0hNhl 'oAA VI s"'
le.iury may issued Ia payment OF interest on IN. puoo
debt which crghcsirs together WIN 'h'e h'" ~ ca
and bullion depo,i 81 shan lo' " h sIiS =, ,s Ia
NV and crftoscs To- csn OF ovloH Ia inc 4feSsiJ
80 tna a, Il irJf.cr caaci,f That th- coupon
s-f.d bonds. Trsu'y notes aud tD'ei States notes 90,
tn,s-1 3, tais shs be- ia ueh iofh a. mo SscfsGy 81
Treasury dif,c' aud 'hsI oesi 'ns "''s" % e
ysd gnA,af.. Tes'u-r OF the uEissd oi.e' aud
,b- Register OF the saufy and $50 rsaeno1 OF A~u'
tH -, inprin, Of COPY u le. Of the IioaurY Do.
tuep which imprint shall De maze under the di'rot'ho
nom ID. .n.iaver. and before theJ a.. 'asa % o.,
note, and bond, shsll be signed ~ mo llelsuo'
nit.d Sta.s. OF Tor tho IreA.ufei oy 'uen w T H.,
BE- ,gecisy appointed By TIE Hecie!ay % ' pi,, a,
tnt urpos aud shall couniessn-d by Inc hts'e' ~
Ttrs.ay or roI no ~ .pa. for tho, par
pose aud all the provisions Of the at enttrd AZ sS' 70
Yhorr, the Of Treasury notes approved TIE ga Gay
- na,sb,r 1887 90 a a. they be applied 10 tn. net,
and incon'i'tent herewith, are hereby fe'ed ~ 10
sxc : And b, IL further enacted. That aud afler The
lat d,y Of March 1859 the coupons all bonds and Treasury
no 90 Of United states oioe Issued aud when ay
be issued under by virtue this act, shall at tin.
within thiry days before they come respectively que And
tons as coin under sucn regulations tbs Secretary oil me
I"db,U tutGer cnaefsd That oil banss, s.socis.
ton, corporations ndviluss sAns no'os or bills for
IS currency shall be subject TO aud pay auty OF
ons Der cenuln each hall year from -nd I1oi APG IS'J
mon IN. average amount circulation Of note. bits
rsncy issued beyond the amount hereinafter named thst
~. having a capital of SIOOOD and not over
2OO 600 per cenum thereof ov p2cOg0 aud no, over
$4,000. 6O per centum thereof ovef '0ooo ana p1s Sved
| ! 1 Ool 900 80 pr centuu thereof; over = ouWiO
| snd no. over ! 800 0O0. 20 per crntum thereof
over = s OoO and f2OO0O1 - crntum th-re,
n, over Co., - per coDtnn thereof la the Ca'. oil
b.nk, viii. prancbr, duty herein for 'a be n-
posed pom circulation Of notes OF DIS 'uch osnehs.
,eyeAy and upon the aggregate circulation OF AL and
IN, oil each Daneh shall be considered 70 90
the amount allotted to used BY such branch PROVIDED
Ina, all the bsuk sssociations oop"ntion', 'nd M
diyiduAs issuing reissung n1es or Dils ior chcu'
lstion or currency after April !, 1903 in sums rep
ro,,nting any fractional part Of dosr SHAH be sub
iect to and pay duty oil hss per cenun each hslyeir
th.reaft.r upon the Of such fractional noise OF
| hc md