Delaware State journal and statesman., 1864-08-23
OmctaI
LAWS OF THE UNITED STATES.
Passed at the First Sess sion Of Tie Thirty Eighth
Congress.
[PUplic-No. l47 !

tpURLic-No. 147l
An ACT to provide ways the support Of tho
Government and for other purposes.
Be Il enaeied blythe Senais and House Of Represntaire
9( he United States Of America IN Congress as'embled
That the Secretary the Treasury be- and he is hereby
authorized TO borrow from time TO time, the credit Of
the United States, four hundred millions OF dollars aud
10 Issue therefor coupon registered bonds the United
BAts edesRbls at the pleasure OF the Government a
ter any period not less than i've normore than thirty
yeArs, or, II deemed expsdent made payable ut any
period not more than forty years from dae. And said
bends shall be Of such denominations the Secretary OF
ths Treasury shall direct not less tun Gny dollars and
bear an annual Interest exceeding sly per eentum
payable semi annually In eoln And the Secretary OF
~ Trearury NAV dispose OF such bonds or any part
twentes remaining unsod in tho United states, or 1t no
terms as ho may deem most advisable for lawful money
Of the United States at his discretion for treasury
notes certificates Indebtedness, certificates OF depo
III issued under any act of Congress. And all bonds
Treasury notes and other obligations of the United States
shall bo exempt from taxation by or under state or
Bee And be further enacted, That the Secretary of
the Treasury Issue the credit OF the United states
and In lieu OF equal amount Of bonds authorized by
the preceding seetp and part Of said loan so eA'
esedina two hundred millions Of dollars In Tres,ury
notes Of any denomination not less than ten dollars
payable any time not exceeding three from date
or. II thought more expediei redeemable AT any ume
seeding the rate OF and three tenths per eenum
payable In lawful money at maturity, or at the dlscIe-
don Of the Secretary semi annually And me SAID fress
uyy notes may be disposed OF by the Secretary OF the
Treasury, the best terms that eau be obtained Tor
Able principal and interest," at maturity, shall tea lass
tender the extent United States nuts. r tir
face value excluding interest," and may hs Iati u any
creditor sf the United States their face value, excud
ing interet to any creditor willing to reuNs them ~
par ineluding interest and auy Treasury notes Issued
under the Gnthoty Of this act msy be made convertible
tue dsereton Of the teuretay Of the Treasury nl9
any bonds issued under the authority Of this act And
the Secretary or the Treasury may redeem ahu eAne W
be cancelled and destroyed auy Treasury hoies ~ uhau
States poss heretofore issued under authority o previous
acts Of substitute, in lieu thereof equal
amount Treasury n0es such as are aulhpfLeu oy TINS
act or OF other United States notes Pf0pded Ihat he
total OF bonds and Treasury notes authorized b
the first aud second sections OF tins act snail not eAesu
four hundred milloDr Of dollars In addition to the
amounts heretofore ISSUED shall the total amount oi
United States notes. issued 10 be issue ever exceed
four hundred millions OF dollars ana & husn suoona, h
temporarily required for the redemption Of Temporary
loan shall any Treasury note bearing ssueu
under this act legal tender in payment or redemp'
on Of any notes issued by any bark banking assoca.
on or banker, calculated or intended TO circulate aS
Sec g. Ad be q further enaeed That til interest all
bonds heretofore Issued payable annually may % pau
ssmiannnallyi and in eu Of such bonds Authorized 70
be Issued the Secretary Of the Treasury may issue bonds
bearing interest," papable semannually. Ana ne may
also Issue In exehas for Treasury noes heretofore
bearing and three tenths per eentum interest," 10
the sx per centum bonds heretofore authorized
like bonds Of all the denominations in which such Treas
ury notes been issued and the interest on Hueh
Treasury notes after maturity shall be paid 10 Lawful
money; and they be exchanged for such bonds A.
any time within three months the date OF notice 81
redemption by the Secretary OF the Treasury after Wnch
the interest on sueh Treasury snail And so
H much OF the law approved March third eighteen hundred
and sxtyfouT as limits the authorized therein 70
Il the current fiscal year, Ia hereby repeAleu anu ts
authority Of the Secretary Of the Treasury 70 1oroW
money and issue therefor bonds OF neaS ~ l
rst section ofthe act Of March third eighteen nuhure1
and sixty-three entitled An act TO PROVIDE Ways anu
for the support Of the Governmth snA cease o
and Aer the passage of this act except so lar AS II may
effect lAect seventy five millions oi ponuA @e"'y "u
4 VeFtiEsd. ,, rr,4 A., 49,.
Of the renHury may authorize the receipt as temporary
iOan Of United states notes or the notes ti nAtona
banking associations deposit for not less thAn nsy X
not than htty dollars by any 81
sssistant treasurerH OF the United States, or
desgnaed for that purpose other than nA,ona ch
vsoeiatons who shall issue certificates o. ~
fm as the Secretary Of the Treasury snali P,siIv
~ STinR interest not exceeding sH per eentul ANN
payable any time after the term - uePH'., s, 49,
~, TIN days subsequent notice uhsss .iuo "e IA b
eI aiVed by the Secretary OF the treasury Anu 'he
% Of me Treasury may increase the interest on
Snn, q at less than six per cenlu Wtns' ,ass, ~ y,
~ Az notice to deposlIoIs' n,as ni. h,,t ths 40
interest rsueh deposits shall not exceed one hundred
gregste billions ~ dolars and the Secretary Of the
TTsas, issue and shai no,u assve 1o, sxcs5g ,c
msnt o. sue Of dsllArs including the amount already
nIy o ~ a. 'eh payment; aud the United States NOES n
Y sd il res we shall BE- used only waea MI, rpas
~ sns ma shall be Withdrawn and placed aEsll
IN reserve Is He amount OF deposts shaH again a.
crease. =, s,.fA.. ..orlsJ THAT the Secretary
Sc y. 1nu 70 " issue notes Of fractions Of dol
pl - sns br currency, in such iorm Nllh SUI
lar A. noN usee IN such safeguards against counter
inleIpions aho udRe best. And provide for me On
tenng a. rs myl ton and for the ihsue OF tht tAne
giAving and ptepe NOTES and bonds, and other ooll
Aa VOL ~ q otne such regulations tor the rsuehp
gallons ana shAi m.A oies and other notes when mu
tAted or dsiAseo, ah to the United States exeeptio
euntoms In such sums q q hsrabv declared that Al
psAr 70 him sxpodent; a. .shs 10 lie fractional nee
laws ana PALS ~ ,Ssn.S w 0n authorised apply equA