The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1864-02-26

WASHINGTON, Feb 25.
The bill which Mr.. Stevens introduced to-
day, is supplementary to an act entitled San
act to provide ways and means for the support
OF the government" approved March Sd,
1868, and as follows:
BE it enacted, &C., that in lieu OF so much
of the loan authorized by the act of March Sd,
1868, TO which this is supplementary, the Sec
rotary OF the Treasury is authorized to borrow
from time to time, on the credit of the United
States, not exceeding s200,000,O00, during the
current fiscal year, and to prepare and issue
therefor coupon and registered bonds of the
United States, redeemable at the pleasure of
the government after any period not less than
five years, and payable at any period not more
than forty years from date, and of such demon
nations as may be found expedent, not less
than $50, bearing interest not exceeding six
per cent year, payable in bonds not over one
hundred dollars annually, and ON all other
bonds semiannually IN coin. And he may
dispose of such bonds at any time, on such
terms as he may deem most advisable, for law
full money OF the United States, or at his dis
erection, for treasury notes, certificates of in
debtedness, or certificates of deposit issued
under any act OF Congress. And all bonds is
sued under this act shall be exempt from tax
alton by or under State or municipal authori-
ty. And the Secretary of the Treasury shall
pay the necessary expenses Of the preparation,
issue and disposal of such bonds out of any
money in the treasury not otherwise appro-
priated. But the amount so paid shall not ex-
coed one-half of one per cent of the SO is
sued and disposed of
Sec. 1.-The Secretary is hereby authorized
TO issue to persons who subscribe on or before
the 2lst day of January, 1854, for bonds re-
deemable after five years, and payable twenty
years from date, and have paid into the treas
ury the amount OF their subscriptions, the
bonds by them respectively subscribed for,
notwithstanding such subscriptions may be in
excess OF s5O0,O0O,000. And the bonds so is
sued shall have the same force and effect as If
issued under the provisions of the act to au-
thorize the issue OF United States notes and
for other purposes, approved Feb. Goth, 1862.
The consideration of The bill has been post
poned.
1t is understood that kilograms have gone
from this city, stating that the Secretary oil
the Treasury proposes to make an additional
issue of tive-twenty bonds, but there is author
ity for saying that no such intention has been,
or is entertained. The bill reported from the
committee of Ways and Means, is intended to
authorize the issue of bonds, redeemable after
five years and payable within forty years, I'M
der which authority the Secretary will proba-
bly, offer an Issue Of five per cent. bonds, re-
deemable after ten and payable after forty
years from date. The bill Is also intended to
lie ISSUE Vi DOUus LOT the EXCESS Oh
subscriptions by the hve-twenty loan. This
excess is between ten and eleven millions of
dollars.
The Senate o-day confirmed the nomination
of George Aldrich, of Indiana, to be Consul
at Laguayra.
In regard to the allegations circulated about
| determinations on trade regulations there is
authority for saying that there are no discrim-
nations of any kind in favor of any place or
person over any other place or person.
The most material amendments made to the
Navy bill before it passed the House to- day
were the increase OF approoriations from
S20,S0O,O00 to s26,3000 600 for the construction
and repair of vessels. and the appropriation of
$4,000 for floating dry docks at the New
York and Philadelphia Navy Yards for mont
| tors.
Gen. Sigel has been assigned to the com
mand of the West Virginia Department, and
will at once enter upon the performance OF
his duties.