Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-06-27

United States the sum OF one hundred and
fifty millions of United States notes, including
the amount of such notes heretofore author
lied by the joint resolution approved Jan.
uary seventeen, eighteen hundred and sixty
three, in such form as he may deem expedi-
ent, not bearing interest, payable to bearer,
and of such denominations, not less than one
dollar, as he may prescribe. which notes SO
issued shall be lawful money aud legal ten
der in payment of all debts, public and pri-
yate, witt1tm the United States, except for
duties on imports ard interest on the public
debt and any of the said notes, when return
ed to the Treasury, may be reissued from
time to time as the exigencies Of the public
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 issued equal amounts
of the United States notes, such as are au-
tllorizpd by this act. And so much of the
act TO authorize the issue of the United States
notes, and for other purposes, approved Feb.
ruary twenty five, eighteen hundred and
sixty-two, as restricts the negotiations of
bonds to market value, is hereby repealed.
And the holders of United States notes, is
sued under and by virtue of said acts, shall
present the same for the purpose of cxchang-
ing the same for bonds, as therein provided,
on or before the first day of July, eighteen
hundred and sixty-three. and thereafter the
right SO to exchange the same shall cease
and determine.
Sec. 4. And be i further enacted, That
in lien of postage and revenue stamps for frac-
tional currency, and of fractional notes. COM
monty called postage currency, issued or to
be issued, the Secretary of the Treasury may
issue fractional notes of like amounts in such
form as he may deem cxpedient, and may
provide for the engraving, preparation, and
issue thereof in the Treasury Department
building. And all such notes issued shall be
exchangeable by the Assistant Treasurers
and designated depositaries for United States
notes, in sums not less than three dollars, and
shall be- receivable for postage and revenue
stamps, and also in payment of any dues to
the United States less than five dollars, ex-
cept duties on imports, and shall be redeemed
on presentation at the Treasury of the United
States in such sums and under such regua-
tons rs the Secretary of the Treasury shall
prescribe Provided, That the whole amount
of fractional currency issued, including pos
tage and revenue stamps issued rs currency,
shall not exceed fifty millions of dollars.
Sec. S. And be 1t further enacted, That
the Secretary Of the Treasury is hereby au-
thorizcd to receive deposits of gold coin and
bullion with the Treasurer, or any Assistant
Treasures of the United States, in sums not
less than twenty dollars, and to issue certii-
Gates therefor in denominations of not less
than twenty dollars each, corresponding with
I al, Il
The coin and bullion deposited for Or repre-
senting the certificates Of deposit shall be
retained in the Treasury for the payment Of
the same on demand. And certificates repre-
senting coin in the Treasury may be issued
in payment of interest OH the public debt,
which certificates, together with those issued
for coin and bullion deposited, shall not at
any time exceed twenty per centum beyond
tho amount of coin and bullion in the Treas
ury; and the certificate for coin or bullion in
the Treasury shall be received at par in pay
mcnt for duties on imports.
Sec. 6. And be 1t further enacted, That
the coupon or registered bonds, treasury notes
and United States authorized by this act
shall be in such form as the Secretary of the
Treasury may direct and shall have printed
upon themsuchs atements showing the amount
of accrued or accruing interest, the character
of the notes, and tho penalties or punishment
for altering or connterftitng them. as the
Secretary Of the Treasury may prescribe.
and shall bear the written or engraved sig.
natures of the Treasurer Of the United States
and the Register of the Treasury. aud also,
as evidence of lawful issue, the imprint of the
copy of the seal of the Treasury Department.
which imprint shall be made, under the d.
rection of the Secretary, after the said notes
or bonds shall be received from the engravers
and before they are issued or the said notes
and bonds shall be signed by the Treasurer
of the United States or, for the Treasurer by
such persons as may be specially appointed
by the Secretary OF the Treasury tor that
purpose, and shall BE- contentersigned by the
Register of tho Treasury, or for the Register
by such persons as fhe Secretary of the Treas
ury may specially appoint for that purp Sc.
And all the provisions Of the act entitled IAN
act to authorize the issue of treasury notes."
approved the twen,y-,hird day of December,
eight en- hundred and fifty.suven SO far as
they can be applied to this act, and not incon.
sistant Herewith, are hereby revived and r..
enacted. -f
Sec. Z. And be 1t further enacted, That
all banks, associations corporations, or indi-
viduals, issuing notes Or bills for CIR ,nl.ti IN
as currency, shall be subject to and pay a
duty of one per ceutum each half year from
and after April first. eighteen hundred and
sixty. three, upon the average amount Of circu-
lation Of notes or bills as currency issued be-
yond tho amount hereinafter naned-that is
to say. banks. associations, corporations. or
individuals having a capital Of not over one
hundred thousand dollars, ninety per centum
thereof; over one hundred thousand and not
OVER fwo lnndred fhnuhand dnllars aiuhtv