The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1863-03-24


or to be issued the Secretary of the
Treasury may issue fractional notes Of
like amounts in such form as he NAV
deem expedient, and may provide for the
engraving, preparation, aud issue thereof
in the Treasury Department building.
And all such notes issued shall be ex.
changeable by the Assistant Treasurers
and designated depositaries for United
States notes, in sums not less than three
dollars, and shall be receivable for postage
aud revenue stamps, and also In payment
Of any dues TO the United States less
than five dollars, except duties on inn
ports, and shall be redeemed on presen-
tation at the Treasury Of the United
States in such sums aud under such regu-
lations as the Secretary of the Treasury
shall prescribe Propidei, That the whole
amount of fractional currency issued, in
cluding postage and revenue stamps is
sued as currency, shall not exceed fifty
millions Of dollars.
Sec. 8. A,'d Je Il further eaaeted, 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 dol
lara, and to issue certificates therefor in
denominations of not less than twenty
dollars each, corresponding with the de-
nominations 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 demand. And
certificates representing coin in the
Treasury may be issued in payment of
interest on the public debt, which GER
tilicates, together with those issued for
coin and bullion deposited, shall not at
any time exceed twenty per centum be-
yond 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
imports.
Sec. 6. ARd DO 10 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 amount accrued
or accruing interest, the character Of the
notes, and the penalties or punishment
for altering or counterfeiting them, as
the Secretary Of the Treasury may pre-
scribe, and shall bear the written or en-
graved signatures of the Treasurer Of the
United States and the Register Of the
Treasury, and also, as evidence of lawful
issue, the imprint Of the copy of the seal
of the Treasury Department, which i'm
print shall be made, under the direction
of the Secretary, after the said notes OF
bonds shall be received from the engraV-
ers 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 b'
specially appointed by the Secretary o.
the Treasury for that purpose, and shal
be countersigned by the Register Of the
Treasury, or for the Register by sucl
persons as the Secretary of the Treasury
may specially appoint for that purpose
And all the provisions Of the act entitled
"An act TO authorize the issuce of ftreasu
ry notes." approved the twenty -thirt
day of December eighteen hundred ant
fifty-seyen, so far as they can be applied
to the act, and not inconsistent Herewith
are hereby revived and re enacted.
Sec. Z. Aad Je 10 further enacted, Tha
eli banks, associations, corporations, o
individuals, issuing notes or bills for cir
cuIation as currency, shall be subject Il
and pay a duty of one per centum eacl
half year from and after April first, eight
teen hundred and sixty three, upon th,
average amount of circulation of notes o.
bills as currency issued beyond th'
amount hereinafter named--thRt is e
say, banks associations, corporations, ol
individuals having a capital Of not ovel
one hundred thousand dollars, ninety pc
centum thereof; over one hundred thous
and and not over two hundred thOusanI
dollars, eighty per centum thereof; Oyel
two hundred thousand and not over thre
hundred thousand dollars, seventy pc
centum thereof; over three hundre,
thousand and not over five hundred thous
and dollars, sixty per centum thereof
over five hundred thousand and not owe
, one million Of dollars, fifty per centur
, thereof; over one million and not over on
r million and half of dollars, forty pc
! ! centum thereof over one million and
/ hall, and not over two millions Of dollari
, thirty per centum thereof; over two mil
. lions OF dollars, twenty-five per centuI
) thereof In the case OF banks with branch
es the duty herein provided for shall ]
imposed upon the circulation Of the note
0 or bills OF such branches seyerally, On
e not upon the aggregate circulation Of al
I and the amout Of capital Of each branc
!, shall be considered TO be the amount al
! lotted TO or used by such branch aud a
f such banks, associations, corporation
c and individuals shall also be subject
= and pay a duty of 0ne-haf OF one p'
+; centum each half year from aud all'
d April lirst, eighteen hundred aud sixty
a three, upon the average amount Of mott
- or bills not otherwise herein taxed an
# outstanding as currency during the si
d months next preceding the return her,
?, matter provided for and the rates
y tax or duty imposed on the circulation
d associations which may be organized az
y der the act "to provide a national currer
l. cy, secured by pledge Of United Siai'
's stocks, and 10 provide for the circulatio
d aud redemption thereof" approved fet
J. ruary twenty fifth, eighteen hundred an
10 siXty-throe, shall be the same as th
a hereby imposed on the circulation aud d
D. posits Of all banks, associations, corp
d rations, or individuals, but shall be a
Df sessed and collected as required by sa
d act; eli banks, associations, or 0Orpor
., tions, and individuals issuing or rtiss
d, ing notes or bills for circulation aa ca
% ronoy alter April FIRST, eighteen hundr,
in and sixty-three, IN sums representa-
Of any fractional part Of a dollar shall
ei subject 10 and pay duty ef Eve per eel