New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-01-23
rr,r REVENUE BILL.
The Provisions Of the Bill ms H"e""S' "
Committee of the Whole
Warrington, ThnTsdHy' JHH y TO

go tho Committee Of the Whole on tuc S'a'0 VI
,be Union has acted upon It;
D. :, enacted Jv the Senate and House o. heP'
....n,atrss That the Secretary OF the treasury 10
IA ho "a hereby authorized TO borrow, from time 10
,inc on the cred, Of the United States, a sum not
svcsed,c 1900 900 900 for the current fiscal year,
and $500 600 900 for the next fiscal year, and TO Issue
therefor coupon or registered bonds, payable az the
pleasure of the Government, after TWEEN
80 years from date, in coin, and Of
,nob denominations not less than fifty dol
lara. as far as be may deem 1t expedient, bearing
interest q, rate not exceeding six per centum per
annum payable semi.annually in coin, and he may
in his discretion dispose of such bonds at any time
ON such terms as he may deem most advisao'e iOi
lawful money Of the United States, or for any Vi
certificates of Indebtedness that may at any 'iin9
unpaid or for any Of the Treasury notes N'ie.O.O,
issued or which may be issued under inc Pi0''''O
IF tbi, not and all bonds end Treasury notes Ssuou
udor tho n,oviSons of this act shall DC exempt from
taxo;oD NV or upder State authority, provided that
.La.a .io La ontstandipg Of bonds, Treasury notes
"a I,;te5 States notes Mt any tine Issued under tue
nrovisions Of this act no greater amount aoge1ner
than sum of $9OO.0O0,OOO.
SEC. .. And be ii further enacted, that the Secre-
tary of the Treasury be, and he is hereby, athoI'
;,cl T. issue on the credit Of the United States
500 O00 900 Of Treasury Notes, bearing interest ~
a rate not exceeding six per centnm payaoie seini-
annually 10 coin, and the principal payable ~ any
time after three wears from date at the Treasury Of
of the United States, and al such DENOMINATIONS as
he may deem expedieut, not less than $40 EACH ana
such notes shall DO receivable fer internal duties and
L.. ,4,,ot ha Tinted States cNCgTf
dut;es on mports and the holders of any such notes
shall have the right at any time on or after
they become due, and under such tuies a.
NAV be prescribed by the Secretary OF the
Treasury, 10 exchange the same, with tue
eccrued interest thereon, at the Treasury, or the
office of any Assistant Treasurer depository oesg-
mated for the purpose for any equal amount OF legal
tender notes, and such Treasury notes my be used
by the Secretary Of the Treasury at their par value
in rayment Of the lawful creditors Of The United
States who may be willing to receive the sane, and
shall be received at their par value in payment Of
any bonds that may he hereafter negotiated by the
Secretary of the Treasury, who shall also allow in
any such negotiations and pay in coin any interest
which mag have accumulated thereon; aud the
Secretary Of the Treasury may fro. time
to . time, a. the exgencies of the public
service may require, reissue any amount Of Treas
ury notes herein authorized equal 20 the amount re-
deemed. There shall he printed upon the back ofth'
Treasury notes which may be Issued under the pro
yisons OF this act the amount Of interest which vii
have accumulated at the eudoithree months from th'
date thereof and tie words importing that the sai'
notes are a legal tenCor tie payment OF intcTna
duties and all debts and demands due the Unite
States, except duties on imports, aud receivable 10
al loars payable 70 tie United States. Bul nothing
10 this section shall lie construed TO authorize any
additional ssue Of legal tender notes
SIC. B. An5be Z GtrihcrcRacted, That the Secretsr,
ofihe Treasury be, and hereby, authorized, If re
.quired by the exigences the public teryce, 20
i've payment OF the Army and Navy, aud othe
creditors of the Government, to issue On th
credit Of the United States the SUN Of tire
hundred millions of dollars Of United States notes
in such form as may be deemed expedient not bear
ing interest payable to the bearer and Of such de
nominations not lees thsn ST. as lie may prescribe
which notes so issued shall be lawful money IN
legal tender for tie payment Of all debts, public an
private, within The United States except for dutie
on imports and interest on The public debt.
SIC. I. md be IT. )rrtler eaaeted That in leu 0
lDclhRt duu lcNch' rtAiiil lv4 ha'ti'hdi SNAitiN
and of fractional notes, commonly called postag,
currency" issued or to be issued, the Secretary Q
the Treasury may issue fractional notes Of lii
amounts in such form as be may deem expedeni
and may provide for the engraving, preparation au
issue thereof ia The Treasury Department building
and all such notes issued shall be exchange
sble by the Treasurer, Assistant Treasurer al
designated repositories for the postage revenue, ali
received ia payment Of any dues 10 the Unie'
States less than e., except duties on Imports, al
shall be redeemed on presentation at the Treasury
tho United Stases in such sums and under snch reg
ulstiops as the Secretary y the Treasury shall pre-
scribe, aud shall be excbangeablo at the Office OF
Treasurer Of the United States, Of any Assistau
Treasurer. or designated depository, for Unite
States notes Of an equiyoca! amount; provided tia
the whole amount Of fractional currency issued, in
Guiding revenue and postage stamps issued 10 cui
reney, shall not exceed fifty millions Of dollars
SIC. ). Snd be II Ca,iley enoctcd, That the Secre
taiy Of the Treasury is hereby authorized 10 feceiv
deposits Of gold, coin, ind bullion with The Tloas
uler, OF any Assistant TreasnIer OF The Unite
States in sums Of not LEES than $9O each, and u
issue certificates therefor in denominations of no
less than so, corresponding with the denomination
OF the United States nOtes. The coin and bullion
deposited ioT representing the certificates Of deposit
shall be retained in the Treasury for tho payment 0
the same demand, and certificates, representing
CON in the Treasury, may be issued in payment o
the interest the public debt, which certificates
together with those issued for coin and bullion de-
posted, shall not at any time exceed 20 per ceDiun
beyond the amount OF coin sDd bullion in tlC
~. 81.