New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-03-01
The I.onn Bill.

wAsHNGToN Tuesday Feb. @ l7GJ.
The following is a copy Of the Loan Bill, as
passed by ,he House to-day. The Senate has yet TO
act on il;
BE eace,cd &C. Tat the the Secretary Of the Treas.
my be- and lie is hereby authorized to borrow from
time time the credit OF The United States, IN ad-
dtion the amount heretofore authorized any sums
not exceeding in the aggregate SGOOOOOO OO and ~
issue therefor bonds or treasury notes Of the United
states in such form a. he pTescri5c and so much
thereof may be issued in bonds shall be IN denomna-
lions Of less than $50 and may be made payable ~
anv period than forty years from date Ofssne:
or may be made redeemabc The pleasure OF the Gov
eminent AZ afei any period not less than i've years
or none than forty yeab from datei or may be maze
redecmable and payable as Aforesaid, as may be eA
pressed upon their face; and 80 much thereof as NAV
be issued in treasury notes may be made convertible
any bonds authorized by this act and be OF such
denominations not less th1n so and bear such date
and made redcomabe PAYABLE at such periods as IN
che opinion Of the Secretary Of the Treasury may be
deemed Apedent and toe interest Oh such bonds shall
be payable semi annually and on nj! treasury notes
authorized by this act the interest NAV be made payable
semiaLnualy annually. at maturity thereof and
he principal or interest or both shall be made payable
III CON or IN other lawful money: P0ridod that the rate
sf interest sDch bonds treasury notes shall not
exceed SIX per centim per annum, aud when not pay
able coin shall not exceed aud lrccteutbs per
centam per annun and the rate and character oil The
interest shall be expressed on all snch boads obiga
ions, or treasury notes: and PLoVidd te', that the
act entitled IAN Act to provide WAYS and for
the support OF the Government and for other PURPOSES
approved june 30, ls6f shall be construed TO
authorize the issue Of bonds Of any description author
<eG by this act aud any treasury notes, other obi
gaons bearing interest issued under any act of Con
css inay at the discretion Of tie Secretary OF tie
Treasury. and with the consent Of the holder be
Nefed into any description OF bonds Authorized by this
sci and no bonds authorized shall he considered
PR Of the Of 81, hundred millions heretofore
hlthOli/ed.
SIg .. BE 4 further ct0cf(d, That the Secretary Of
thc Treasury may dispose OF any %! the bonds other
obligations issued under this either in tie United
States or elsewhere IN such manner and at such rates
aud under uoh conditions b. may think advisable
o coin or for other awful money of the United States
Z" Tor any treasury notes. certificates of indeDtcducss
certificates 81 deposit Other representative Of value
winch have been or may be stued under any act OF
1o"gress and moy 81 Ais discretion issue bonds
he"uiN notes authorized by tht act In payment for
my ies isitions Tor materials or supplies which
'I maze been made by lac appropriate department
'hctH u The United states, on receiving notice in
writing through tie department or Office making he
f'iAsnion that The owner - ii claim for which the
'egisiion Issued desires 10 jsc,ibc iog o. amount