Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1864-02-26

snpasllY the interest, are Esfsby specially
,,plddfed, provided that the duties now laid
upon imports and hereby pledged shall here
aftet be paid IL Specie, Of, IN sterling ex.
change, or "a The codpins Of said bonds.
I. That the Secretary Of the Treasury Is
hereby authorised, froh time to time, IN
the want, of the Treasury may rsquiEe il.
to sell or hypothecate for Treasury notes
said bonds, or any part thereof. upon the
best terms he can, 10 AZ 10 meet appropria-
tons by Congress. and At the same time re-
duse and restrict the amount Of the c'rcu-
lation in Treasury notes within reasonable
and safe limits.
s8. Tho bonds authorized by the 9th SEQ
ton Of this act nay be either registered or
coupon bonds, as the parties taking them
may elect, and they may be exchanged for
each other under suoh regulations % the
Secretary Of the Treasury may prescribe.
They shall be for one hundred dollars, Or
some multiple 6f one, hundred dollars, and
shall, together with the coupons thereto at
tschad. be in such form and Of such authen-
tication as the Secretary Of the Treasury
may prescribe. The interest shall be pay
ibfs half ysstly On The 1st January and
July il each year-tbe principal shall be
payable not less than thirty years from their
data.
8. All call certificates shall BE- tundable,
and shall be taxed in all respects, as is.pro-
LID ..'ed fos the Treasury notos. into which
< ~ convertible. Ifuot converted be-
, osa az d.e t;ne led for taking the Treasury
notes. such ,sssha from thai time
bear interest upon on'; sil.v-slx any Two,
third cents for every dollar prom 'seo ~, up; ~
their face. and shall be redeemasl.e o. :.
new Treasury notes at that rate. but ss.'ser
the passage of this act, no call certificates
shall be issued until after the LIST day Of
April, 1854.
10. That if any bank Of deposit shall
give its deippoasiittors the bonds authorised by
the LIST section of this act in exchange for
their deposits. and specify the same on the
bonds By some distinctive mark or token,
to be agreed Upon 1A'itt Tie Secretary Of the
Treasury, then the said depositor shall be
entitled to receive The atnonnt Of :, said bonds
in Treasury notes Bearing 10 interest and
outstanding at the passage Of this act, pro-
vided, the said bonds are presented before
the privilege of funding said notes at par
shall cease, as herein prescribed.
IL. That all treasury notes heretofore
issGea Of the denomination of five dollars
shall ,continue 70 be receivable in payment
of public dues, as provided by law, and
fundable at par under the provisions Of this
act. until the 1st of July, 1864, east, apd
until the Est October, 1864, west IF the
Mississippi, But after that time they shall
be subject to tax Of thirty three and one-
third cents on every dollar promised on the
face thereof, said tax to attach to said notes
wherever circulated and said notes to Sc
fundable aud exchangesble for new treasury
notes, as herein provided, SUBJ ect to the
deduction q said tax.
u. That any State holding treasury
notes, received before the times herein fixed
for taking said notes, shall be allowed un-
til the 1st day of January, 1865, to fund
the same in six per cent. bonds of the Con-
federate States, payable twenty years aftee--
date, and the interest PAYABLE semioannual-
". But all treasury notes received by any
STATE after the time fixed for taking the
same, as aforesaid, shall be held Sto have
been received diminished by the anoNnt, 81
said ta1. The Dissatisfaction hetween the
notes subject to the. tax and those lot SO
subject shall be left to. the good faith Of
each State, and the certificate Of the Cover
nor thereof shall in each case be conclusive
49,, That treasury notes heretofore is.
sued, bearing interest at tho rate of seven
dollars aud thirty cents on the hundred
dollers per annum, shall no longer be re-
ceivcd in payment Of public dues, but shall
be deemed and considered bonds Of the Con
federate States, payable two years after q
ratification OF treaty of peace With the
United States, bearing the rate Of interest
specified on their face, payable Ga the Isl
January in each and every yoar.
| Il. That the Secretary Of the Treasury
be gna Re is keresy Authorized, ii il case the
e1igencics Of the Government should re.
quire it, to pay the demand Of any public
creditor whose debt may be contracted aftel
the passage Of this act, willing to receive
the same. in a certificate of Indebtedness t.
be issued by said Secretary in such form al
he may deem proper. payable two years at
ter ratification Of a treaty Of peace witt
the United States, bearing interest at the
rate Of six per cent per annum, payable
semi annually, and transferable only by
special endorsement under regulations t.
be prescribed by the Secretary Of the Treas
ury, AND said certificates shall be exemp
from taxation in principal and INTEREST.
Is. The Secretary Of the Treasury il
authorized to increase. the number of de-
positories SO ,asto Meet The requirements o
this act, and with that view to employ sucl
Of the banks Of the several States as hc maj
deem expedient
Is. The Secretary of the Treasury shall
forthwith advertise this act in such news
papers published in the several States ane
BY such other means as shall secure imnmo
date publicity, and the Secretary Of Wa
and the Secretary Of the Navy shall eacl
cause it to be published in general orders
for the Information Of the army and th,
navy,
II. The 42nd section of this act for th,
assessment and collection of taxes approved
May LIST, 1868, is hereby repealed.
| THE 42nd section Of said act reads a
follows:
''That the Secretary of the Treasury ma
prescribe regulations to enable any tax
payer to pay into the Treasury, ID advance