, 1863-01-27
The REVENUE BILL,
As Amended by The Committee
Of the Whole,
And Passed by the House Yes
terday.

Be 1t enacted 1y The Senate and Xouse Of Rcn-
7xsc,fafftxs, That the Secretary of the Treasury
be, and he is hereby, authorized to borrow,
from T. time TO time, on the credit Of the United
the current fiscal year, and 5000, 900, for
the next fiscal year, and to Issue therefor cou-
pom Or registered bonds, payable at the pleas
ure Of the government after twenty years from
date, in coin, and of such denominations not
less than fifty dollars, as far as he may deem
it expedicnt, bearing interest ut rate NOT
exceeding SIX per centum per annum, pay
able seni-annua1ly, In coin, and lie may.
in his discretion. dispose Of such bonds
ut any time on such terms as he may deem
States, or for any Of the certificates Of indebt-
cdncss that may at any time hare been paid,
or for any Of the Treasury notes heretofore
issued, OF which may be issued under the uro-
visions Of this act, and all bonds and Treasu-
RI notes issucd under the provisions Of this
act shall be exempt from taxatlon by or IN
shall be outstanding Of bonds, Treasury notes notes
and United States 1otes, at any time issued
under the provisions Of this act, no greater
amount altogether than sum of 5000, ,6Q0, 600,
SEC. 2.-dnd be il further enacted, That the
Secretary ofthe Treasury be, and he is hereby
authorized to issne on the credit OF the United
interest ut a rate not exceeding six per cent
UNI, payable senlinnnually In coin, and the
principal payable at any time after three years
from date at the Treasury Of the United States,
and Of such denominations as he may deem
expedient, not less than $40 each;
for internal duties and all debts and
demands due the United States, exccpt
duties on imports, and the holders of any such
notes shn1l have the right, at any TIME, on
or after they. become due, aud under such
tho STf1.rGurp n nvr1a,,crn 4}1n
accrued Interest thereon at tue Treasury, or
the office Of any Assistant Trcasurcr.o or depos-
itory designated for the purpose for any equal
amount Of legal tender notes, and such Trea-
ury notes may be used By the Secretary the
icr at their par al Gauf n p;en Of the
may. be-. willing to receive the same,
and shall be received at their par value
in payment Of any bonds that may be
hereafter negotiated By the Secretary Of the
Treasury, Tho shall also allow in any auchnc
gotiations, aud pay In coin any interest which
may have aecnmulatea thereon; and the Sec
rotary Of the Treasury maj, from time to time,
as The exigencles Of the public service may re-
quirc, reissue my amount Of Treasury notes
herein authorized equal to the amount re-
deemed. There shall be printed upon the
back Of the Treasury notes which may be is
sucd under tho provisions Of this act the
amount Of interest which will have accu1lu-
lntcd at the end Of three months from the
date thereof, and words importing that The
said notes arc legal tender in payment Of
internal duties, and nil debts and demands
due the United Statcs, EXCEPT duties on i'm
The United States. But nothing In This sec
tion shall be construed to authorize apy addi-
tional issue Of Illegal tender notes.
SEC. 8. Ind Be it further csacted, That the
S Secretary . Ct ths Treasury be, and is
1f$T f.
1nent Of the army and navy, and other cfrdi-
tors Of the goyc1nment, to issue on tho credit
OF the United States the sum Of three hundred
millions OF dollars Of United States notes, In
such form rs may be deemed cxpedient, not
bearing interest, payable to the bearer, and Of
such denominations not less than one 1ollar,
as he may prescribe, which notes 80 issued
shall be lawful money and legal tender for the
payment Of all debts, public and private,
within the United States, except for dlties
on imports and interest on the public debt.
SEC: 4 And Be Il further enacted, That in
tfo1al currency and Of fractional notes, COM
monty called postage currency" issued OF
to be issued, the Secretary Of the Treasury
may issue fractional notes Of like amounts, in
such form as he may deem cxpcdicnt, and may
provide for the engraving, preparation aud
issuc thereof in tho Treasury Department
building, and all such notes issued shall be
: exchaugeablc by the Treasurer, or Assistant
Treasurer, and designated repositories for the
postage revenue. and received in payment of
any dues to the United States less than five
dollars, except duties on imports, and shall
be redeemed on presentation at the Treasury
Of the United States in euch sums And under
huch regulations as the Secretary Of the Trca-
sury shall prescribe, md ehan be exchanged
Ole at the Office Of any Treasurer Of the Uni
ted States, Assistant Treasurer, or designated
depository, for United States notes or an
equivalent amount, provided that the whole
amount o. fractional currency issued, fnc1u-
dlng postage and revenuc stamps issued as
currency, shall not exceed 1fty millions Of
SEC. Sind te Il further enoetfd. Tint the
Secretary Of the Treasury is hereby authorized
to receive deposits Of gold, coin and bullion
with the Treasurer, or any Assistant Treas
urer Of the United States, In sums Of not
less than twenty dollars each, md to Issue
certificates therefor in denominations Of not
less than twenty dollars, corresponding with
the denominations ofthc United States notes.
The coin and bullion, deposited Tor or repre-
scntipg the certificates Of deposit, shall be re-
!: tanned In the Treasury for the payment Of the
samc on demand. aud certificates represent
ing coin in the Treasury may be Issued In
payment of tho interest on tic public debt.
which certificates, together with those Issued
for coin mud bullion deposited, shall: not at
my time exceed twenty pei, centum beyond
the amount Of coin and bullion in tho Trcas'
IN the Treasury ehall be received at par in
payment for duties OF imports. ~
- SEC d. and bs Il further enacted, That the
coupons on the registered bonds, Treasury
no!es ana United States notes authorized bI
sa+ - '.--".s: