Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1863-03-11

notes, including the amount of such notes
heretofore authorized by the joint resolution
approved january seventeen, eighteen hun
dred and sixty-three, in such form as he NAV
deem eXpedient not paying 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 and
legal tender in payment of all debts, public
and private, within the United States, except
for duties on imports and interest on the pub
lie debt and any of the said notes, when re-
turned 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 de-
stroyed, there may be issued equal amounts of
the United States notes, such as are author
lied by this act. And so much of the act to
authorize the issue of the United States notes,
and for other purposes, approved February
twenty five, eighteen hundred and sixty two
and Of the act to authorize an additional issue
of United States notes, and for other purposes,
approved July eleven, eighteen hundred and
sixty-two, 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to market value, is hereby repealed.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
same for the purpose of exchanging 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 ex-
change the same shall cease and determine.
Sect. f. And be it further enacted that in
lieu 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 amountSTin such
forms as he may deem eXpedient, and may
provide for the engraving, preparation, and is
sue thereof in the treasury department build
ing. And all such notes issued shall be ex-
changeable by the assistant treasurers and de-
signated 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 Uni
ted States less than five dollars, except duties
on imports. and shall be redeemed on presen-
tation at the treasury of the United States in
such sums and under such regulations as the
secretary of the treasury shall prescribe
Provided, that the whole amount of fractional
currency issued, including postage and reve-
nue. stamps issued as currency, shall not eX-
coed fifty millions Of dollars.
Sect. 5. And be it further enacted, that the
secretary of the treasury is hereby authorized
to receive deposits of gold coin and bullion
with the treasurer or any assistant treasurer
of the United States, in sums not less than
twenty dollars, and to issue certificates there
for in denominations of not less than twenty
dollars each corresponding with the denomi-
nations of the United States notes. The coin
and bullion deposited for or representing the
certificates of deposit shall be retained in the
treasury for the payment of the same on de-
mand And certificates representing coin in
tho trnaSurV NAV he iSSupf1 in navnnnnt of in
terest on the public dSbt, which certificates,
together with those issued for coin and bullion
deposited, shall not at any time exceed twenty
per centum beyond the amount of coin and
bullion in the treasury; and the certificates
for coin or bullion in the treasury shall be re-
ceived at par in payment for duties on inn
ports.
Sect. 6. And be it further enacted, that the
coupon or registered bonds, treasury notes,
and United States notes authorized by this act
shall be in such form as the secretary of the
treasury may direct, and shall have printed
upon them such statements, showing the am
cunt of accrued or accruing interest, the char
acter of the notes, and the penalties or pun
shment for altering or counterfeitng them,
as the secretary of the treasury may prescribe,
and shall bear the written or engraved sigma
lures of the treasurer of the United States and
the register of the treasury, and also, as evil
dence of lawful issue, the imprint of the copy
of the seal of the treasury department, which
imprint shall be made, under the direction of
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