Charles City intelligencer. [volume] (Charles City, Floyd County, Iowa) 1864-1866, 1864-10-13

1 repealed; and the authority of tn
Secretary Of the Treasury to borrow
money and issue therefor bonds o
notes conferred 10y the first section o
the act Of March third, eighteen hun
drcd aud sixty-three, entitled "Al
act to provide ways and means 70
the support Of the government" shal
cease on and after the passage of thi'
act, except SO far as it may effect sew
enty.fivc millions of bonds already ad
vertised. a#E a#
Sec. 4. And be it further enacted
That the Secretary Of the Treasury
may authorize the receipt, as a tenn
porary loan. Of United States notes ol
the notes of national banking associa.
tions on deposit for not less than thir
ty days, in sums of not less than fifty
dollars, by any of the assistant treasu
rcrs of the United States, or deposito-
rics designated for that purpose, other
than national banking associations,
who shall issue certificates of deposit
in such form as the Secretary of the
Treasury shall prescribe, bearing in.
terest not exceeding six per centum
annually, and payable at any time
after the term Of deposit, and after
ten days subsequent notice, unless
time and notice be waived by the Sec.
retary Of the Treasury and the Sec
retary of the Treasury may increase
the interest on deposits at less than
six per centum to that rate, or, on ten
days notice to depositors, may dimin-
ish the rate of interest as the public
interest may require but the aggre-
gate of such deposits shall not exceed
one hundred and fifty millions of dol
lars and the Secretary of the Treasu.
ry may issue, and shall hold in re-
serve for payment of such deposits.
United States notes not exceeding fif.
ty millions of dollars, including the
amount already applied in such pay
ment and the Unite States notes, so
held in reserve, shall be used only
when needed, in his Judgment, for the
prompt payment of such deposits on
demand, and shall be withdrawn and
placed again in reserve as the amount
Of deposits shall again increase. .r
Sec. S. Aud be it further enacted i,
That the Secretary Of the Treasury
May issue notes Of the fractions of a
dollar as now used for currency, in
such form, with such Inscriptions, and
with such safeguards against coun-
tSitvitins, 30 nS Ih"J J""SS SSss, "o"
provide for the engraving and prepa-
ration. and for the issue Of the same,
as well as of all other notes and bonds,
and other obligations, aud shall make
such regulations for the redemption of
said fractional notes and other notes
when mutilated or defsced, and for
the receipt of said fractional notes in
payment Of debts to the United States,
except for customs, in such sums, not
over FIVE dollars, as may appear to
him expedient and it is hereby de-
clared that all laws and parts Of laws
applicable to the fractional notes en-
graved and issued as herein authoriz-
ed, apply equally and with like force
to all the fractional notes heretofore
authorized, whether known as postage
currency, or otherwise, and to post
age.stamps issued as currency but
the whole amount of all descriptions
of notes or stamps less than one dol
lar issued as currency, shall not ex-
ceed fifty millions of dollars.
Sec. 6. And be il further enacted,
That the coupon and registered bonds
shall be in such form and bear such
inscriptions as the Secretary Of the
Treasury may direct, and shall be de-
signed by the register Of the treasury,
or for the register, by snch person or
persons as may be specially designa-
ted for that purpose by the Secretary
of the Treasury. and shall bear, as
evidence of lawful issue. the imprint
of the seal of the Treasury Department,
to be made under the direction of the
Secretary of the Treasury, in a room
set apart especially and exclusively
for that purpose, under the care OF
some person appointed directly by
him. And the coupons attached to
such bonds shall bear the engraved
signature of the register of the treasu.
ry, and such other device Or safeguard
against counterfeiting as the secretary
may approve and it is hereby de.
clared that all bonds here to fore is.
sued, bearing the signature of the
register, shall have the same force, ef.
feet, and validity as if signed also by
the treasurer, and all bonds bearing
the signature of the register, errone.
ously described as the treasurer of the
United States, shall have the same
force, effect and validity. as if his Off
cial designation had been correctly
stated |; and all coupons bearing the
engraved signature Of the register ol
the treasury in Office at the time when
such signatures were authorized and
engraved, shall have full force, valid
| ty, and effect, Notwithstanding such
register may have subsequently, ceas
ed to hold Office as such, when issued
in connection with bonds duly author
lied and signed by or for the success
sor or SUCCESSORS OF said register
And the Treasury notes and unitct
States notes authorized by this &C
shall be in such form as the Secreta
ry of the Treasury shall direct, ant
shall bear the written or engraved
signatures of the Treasurer Of the Uni
ted States and the register Of ths
treasury, and shall have printed upor
them such statements, showing th'
amount of accrued or accruing inter
est and the character of the notes, a
the, Secretary of the Treasury ma.
prescribe and shall bear, AS a fur
ther evidence Of lawful issue, the i'm
print of the seal of the Treasury De
partmcnt, to be made under the direc
tion of the Secretary Of the Treasury
as before directed.
| Sec. I. And be II further enacted
That the Secretary Of the Treasury j
hereby authorized to issue. upon sncl
terms aud under such regulations Al
he may from time to time prescribe
registered bonds in exchange for. ant