New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-02-19
THE SUPPORT OF GOVERNMENT.
The Bill 10 Provide Ways md Means.


The following is the bill to provide ways and
means for the support Of Government passed by the
House on Tuesday. The House having non.con'
Cured in several important amendments, tho bill
will DO returned to the Senate:
AN ACT to Provide Way, and Means for tho Support of the
Government
Bet enacted by the Senate and Houis Of Retrosndtvi he
| United Statsi Of hmerioa IA COng'e" a''smtt4'
That the Secretary Of the Treasury be, and he is
hereby authorized 10 borrow, from time TO time, on
the credit Of the United States, sum not exceeding
5000, 600 ,O0O, for the current fiscal year, aud
5000 COO 900 for the next fiscal year. aud 10 issue
therefor coupons or regstered bonds payable at the
pleasure Of the Government! after such period as
may be fixed by the Secretary, not ess than ten nor
more than forty years from date in coin, and OF such
denominations, not less than $50, as he may deem
expedient, bearing interest al rate hot exceeding
six per centnm per annum payable on bonds not
exceeding 800 annually, and on all other bonds
semi-aunually, in COIN aud he may, in bis discre'
ton, dispose of such bonds mt any time upon such
| terms he may deem most advisable, for lawful
money of the United States for auy Of the certii
Gates of indebtedness deposit that may at any time
DO unpaid for any Of the Treasury notes hereto
fore issusd or which may be Issued under the pro-
Visions Of this act. And all the bonds and Treasury
notes or Uaited States notes issued under the pro-
visions Of this act shall be exempt from taxation by
or under State or municipal authority: Prov'ded,
That there shall be outstanding of bonds Treasury
notes, ana united States notes, " any time, Issued
under the provisions OF this act no greater amount,
altogether, than the sum OF 5000 100000.
Sac. q And be Il further enacted, That the Secre-
tary Of the Treasury DO and is hereby authorized TO
issue, the credit Of the United States 500 O0O, 900
Of Treasury notes, payable at the pleasure Of the
United States at any time three years from date,
bearing interest ut rate not exceeding Blk per cent
per annum; which interest, on all notes for less
amount than 800, sball be payable at the maturity
thereof, and on all notes for 800 and upward at
times expressed on their face And the interest on
all Of SAID notes, and certificates of Indebtedness
aud deposits hereafter Issued, shall be pad in lawful
money. Said notes snail be OF such denominations
as the Secretary may deem expedent, not less than
$40 each and such notes shall be receivable Tor
teyDal duties and all debts and demands due TO tho
United States except duties on imports; AID the
holder of any such notes shall have the right, at any
time before or after they become due, and under
rules a. soall prescribed by the Secretary Of the
Treasury, TO exchange the same, with the accrued III.
erest thereon ut the Treasury Of the United States,
or al the office OF any Assistant Treasurer deposit
tary designated for that purpose, for an equal
amount OF legal-tebder notes; but nothing Ia this
section shall be construed TO authorize any addition
al Issue OF legal-tender notes; and such treasury
notes may be used by the Secretary Of the Treasury
nj their par value III the payment OF the lawful
creditors OF the United States, who may be willing
10 receive the same, and shal be received at their
par value in payment for any bonds that may be
hereafter negotiated by the Secretary VI the Treas
ury and any interest accrued said notes shall be
computed i'll sucn receipts and payments added to
The par yalne thereof. And the Secretary OF the
4geasury may, IRON Iis " Iiue, W the eXlselses