New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-02-19

tsry Of the Treasury be- and he is hereby authorized
if required by the exigencies of the public service
for the payment OF the army and navy, and other
creditors Of the Government to issue the credi,
of the United States the sum of $500, OOO, 600 Of
Uni ed States notes, including the amount Of such
notes heretofore authorized by the joint resolution
Improved Jan. IL, 1868. in such form as he may
deem expedient, not bearing interest, payable to
bearer and of such denominations not ess than 81,
as he may prescribe, which notes 20 issued shall be
lawful money and q legal tender in payment Of all
debts, public and private, within tho United States,
except for duties on imports and Interest on
the public debt, and any OF the said notes,
when returned to the Treasury, may be reissued
service may require. And in lieu Of any Of said
notes, or any other United States notes, returned
to the Treasury, and cancelled or destroyed there
may be ssued equal amounts Of United States notes.
such as are authorized by this act And 10 much OF
the act to suhorzo the issue of United States notes,
aud for other purposes, approved February D. 1862
and Of tho net 10 authorize I'll additional issue OF
United States notes. and for other purposes approved
July H. 1862 as restricts the negotiation Of bonds to
market value is hereby repealed. And the holders
OF United States notes. Issued under and by virtue OF
said acts shall present the for the purpose Of
exchanging the same for bonds, as therein provided
on or before the first day Of July, 1868, and
thereafter the right 80 to exchange the same shall
cease and determine.
SEC. t. And be ii further enacted, That in lieu Of
postage and revenue stamps for fractional currency
and OF fractional notes.. commonly called postage
currency, issued to be issued the Secretary OF tho
Treasury may issue fractional notes Of the like
amounts in such form as he may deem expedient,
aud may provide for the engraving PREPARATION
and issue thereof in the Treasury Department build
ing. And all such notes issued shall be exchange
able by the Treasurer, Assistant Treasurer, and
designated deposItares for postage and revenue
stamps, for United States notes, in sums not
lees than three dollars and shall be re
ceivable for postage and revenue stamps
and also in payment OF any dues to the
United States lees than five dollars, except duties on
imports, and shall be redeemed on presentation ut
the Treasury Of the United States in such sums and
under such regulations the Secretary Of the Treas
ury shall prescribe: PrOrided, That the whole
amount of fractional currency Issued, including
postage and revenue stamps issued currency shall
not exceed fifty millions Of dollars.
SEC. 5. And be 1t further enacted, That the Seere-
tary of tho Treasury is hereby authorized to receive
deposits Of gold coin and bullion with the Treasurer
or any Assistant. treasurer Of tho United States, III
sums Of not less than go, and to issue certificates
therefor in denominations Of not less than SO each,
corresponding with the denominations of the United
States notes. The coin and bullion deposited for
representing the certificates OF deposit shall be re-
tancd ia tho Treasury for the payment Of the same
OH demand. And certificates representing coin IN
the Treasury may be issued in payment OF interest
on the public debt which certificates, together with
those Issued for coin and bullion Deposited shall not
al any time exceed ~ per centum beyond the amount
Of coin and bullion In the Treasury, and the certiii
Gates for coin or bullion in the Treasury shall be re-
ceiyed at par in payment for duties on imports.
SIC. 6. Aad be 1t further enacted, That the
coupon or registered bonds, Treasury notes, and
United States notes authorized by this act shalt
be in such form a. the Secretary Of the Treasury
may direct, aud shall have printed upon them such
statements, showing the amount OF accrued or
accruDg interest tie character OF the notes, aud the
penalties punishment for altering or counterfeit
Ing them, the Secretary of the Treasury may pre-
SCRIBE aud shall bear the written or engraved sigma
lures Of the Treasurer Of the United States and the
Register Of tho Treasury, and also, rs evidence OF
law u ssue the imprint Of copy Of the seal OF the
| Treasury Department, which imprint shall DO made
under The direction Of the Secretary after the said
notes or bonds shall be received from the enYravers
and before they are issued; or the said notes and
bonds shall be signed BY the Treasurer Of the United
StaIes for tho Treasurer by such persons as may
DO specially appointed by the Secretary u the
Treasury for that purpose, and shall be counter
signed by the Register Of the Treasury, or for the
Register by such persons rs the Secretary OF the
Treasury may specially appoint for that purpose.
Aud ali the provisions Of tue act entitled An Act
Authorize the Issue Of Treasury Notes." approved
tho I'D day OF December, 1884, so far they can 10
piled 10 this act. and not inconsistent Herewith,
arc hereby revived and re.enacted.
src. 7. And be It further enacted That on and
after the Let day Of March, 1863, the coupons on all
bonds and Treasury notes Of the United States here
tofore issued aud which may be Issued under and by
virtue OF this act, shall, at any time within thirty
days before they become respectively due, and at
any time after they become due, be receivable for
customs coin, under such regulations as the
Secretary Of the Treasury shall prescribe.
SIC. b. Aad be II further enacted, That all banks,
associations, corporations, or individuals issaing
notes or bills for circulation Is currency, shall be
subject 10 and pay duty Of one per centum each
hall year from and after April 1868, upon the av-
erage amount Of circulation Of notes or blls rs cur
rency issued beyond the amount hereinafter named
that il TO say, banks, associations corporations or
indi yiduss, having capital OF not over flOO,UOO,
ninety per centum thereof; over 100000 and
not over 100000, eighty per centum thereof;
over 500, 900 and not over 10000 seventy per
centun thereof $500 600 and not over $500 900
sixty per ceptum thereof; over $500 900 and not over
g. 000, 900 fifty per centum thereof over $lOOO,OO0
and not over { 900 forty per cenum thereof;
over 81 500 900 and not e. 100000 thirty per
centuin thereof; over 900 twenty-five per
centum thereof la the case of banks WITH branches,
the daty herein provided for shall be imposed upon
tho circulation OF tho notes bills of such branches
severally, and not upon the aggregate circulation
OF all, and the amount Of capnal OF each branch
shall be considered 10 he the amount allotted TO or
used by such branch
Aud all banks, associations, or corporrtions, and
Individuals issuing reasuing notes or bills for
culalion currency after April 1865 IN sums rep
resenng any fractional part OF dollar, shall be
suDJect 10 anu pay uuty VI h'o pei 'eh'un' e"0h
halt year thereafter upon the amount OF such frac
tional notes OF bills 80 issued. Aud list return
shall be- made and rendered within thirty days after
the let day Of October, 1868, aud each six months
there alter. 10 the Commissioner of Internal Reye-
nue., which shall contain true and faithful account
OF the amount of duties accrued or which should
accrue, the full amount of the fractional note cir
cnlatIOn aud on the average amount Of all other cT
culatlon tor the six months next preceding, atore
said during the time when such duties remain
accounted ior And there shall be annexed 10 every
such lit or return declaration under oath affirm
aton, to bo made in form and manner as shall be
prescribed by the Commissioner of Internal Reye-