The tri-weekly standard. [volume] (Raleigh, N.C.) 1866-1868, 1866-11-08

snail receive, out of any money in the treasury
twelve months pay of their respective deceased
relations aforesaid, in addition to the pay due to
vessels.
Approved, July IL, 1862
CHAP. CXLH.
An Act to authorize additional Issue of Uni
ted States Notes, and for other Purposes
Be it enacted by the Senate and House of Rep
resentatives of the United States of America In
Congress assembled, That the Secretary of the
Treasury is hereby authorized to issue, in addi-
ton to the amounts heretofore authorized, on the
credit of the United States one hundred and fif-
ty millions of dollars of United States notes. not
bearing Interest," payable to bearer at the treasury
of the United States, aud of such denominations
as he may deem expedient: Provided, That no
note shall be issued for the fractional part of
dollar, and not more than thirty-five millions
shall be of lower denominations than five dollars;
and such notes shall be receivable in payment Of
all loans made to the United States, and of all
mands of every kind due to the United States ex-
cept duties on imports and interest, and of all
claims and demands against the United States,
except for interest upon bonds, notes. and certifi
Gates of debt deposit; and sha IL also be lawful
money and illegal tender ia payment Of all debts
public and private within the United States ex-
cept duties on imports and interest, aforesaid.
And any holder OF said United States notes de-
posting any sum not less than fifty dollars, with
the Treasurer of the United States, or either of
the assistant treasurers, shall receive in exchange
therefor duplicate certificates of deposit, one of
which may be transmitted to the Secretary of the
Treasury, who shall thereupon issue to the holder
equal amount of bonds of the United States
coupon registered, may by said holder be
desired, bearing interest at the rate of six per
centum per annum, payable semi-annually, and
redeemable at the pleasure of the United States
after five years, and payable twenty years from
the date thereof; PrsS,yided, roy, however, That any
instead of being received In e7cSa1g for certif-
Gates Of deposit as above specified, at the direc-
tien of the Secretary OF the Treasury. And the
notea, such terms US he shall think most bene-
fetal to the public interest, any bonds of the Uni
ted States bearing six per centum interest," and re-
deemable after five and payable in twenty years.
which have been or may be lawfully issued under
the provisions of any existing act; may reissue
the notes so received in exchange; may receive
and cancel any notes heretofore lawfully issued
under any act of Congress, and in lieu thereof
issue equal amount in notes such as are au-
thoriZed by this act; and may purchase, at rates
not exceeding that of the current market, and
cost of purchase not exceeding one-eighth of one
per centum, any bonds or certificates of debt of
the United States as he may deem advisable.
Sec 2. And be it further enacted That the
Secretary of the Treasury be, and is hereby au-
thorizcd, in case he shall think it inexpedent to
procure said notes, or any part thereof, to be
graved and printed by contract, TO cause the said
notes, any part thereof, to be engraved, print
ed, and executed, in such form as he shall pre-
gcribe, at the Treasury Department in Washing
ton, and under his direction; and he is hereby
empowered to purchase and provide all the ma
chinery and materials, and to employ such per-
sons and appoint such officers as may be necessa-
Sec & And be it further enacted, That the
limitation upon temporary deposits of United
States notes with any assistant treasurer, des-
ignated depositary authorized by the Secretary of
millions of dollars be, and is hereby. REPEALED:
and the Secretary of the Treasury is authorized
to receive such. deposits, under such regulations
as he may prescribe TO such amount as he may
deem expedient, not exceeding one hundred mill
ions of dollars for not less than thirty days, in
sums not less than one hundred dollars, at rate
nt into nt aynandinp nfnr md
any amount deposited may be withdrawn from
deposit, at any time after ten days notice. on the
return of the certificate of deposit. And of the
amount of United States notes authorized by this
act, not less than fifty millions of dollars shall be
reserved for the purpose of securing prompt pay
ment of such deposits when demanded, and shall
be issued and used only when, in the Judgment of
the Secretary of the Treasury, the same, or any
part thereof may be needed for that purpose
And certificates of deposit and of Indebtedness
issued under this or fOrmor acts may be received
on the same terms United States notes in pay
ment for bonds redeemable after five and payable
Sec. 4. And be it further enacted, That the
Secretary of the Treasury may, at any time until
otherwise ordered by Congress, and under the
restrictions imposed by the Act to authorize
national loan, and for other purposes" borrow,
on the credit of the United States, such part of
the of two hundred and fifty millions men,
toned in said act as may not have been borrow
ed, under the provisions of the same, within
twelve months from the passage thereof.
Sec. 5. And be it further enacted, That any part
of the appropriation of ten thousand dollars for
the detection and bringing to trial of persons
gagged in counterfeitng the coin of the United
States, made by the act entitled AN act making
appropriations for the legislative, executive, and
judicial expenses of the government for the year
ending thirtieth of June, eighteen hundred and
sixty one, approved June twenty-three, eighteen
hundred and sixty, may be applied in detecting
and bringing to trial and punishment persons en-
gagged in counterfeitng treasury notes, bonds, or
other securities of the United States, as well as
the coin of the United States. And to carry into
effect the preceding sections of this act the sum
of three hundred thousand dollars is hereby ap-
propriated, out of any money in the treasury not
otherwise appropriated.
Sec. 6. And be it further enacted, That all the
provisions of the act entitled {" An act to author
ize the issue of United States notes, and for the
redemption or funding thereof, and for funding
the floating debt of the United States,' approx
cd February twenty-five, eighteen hundred and
sixty-two, so far as the same can or may be ap-
piled to the provisions of this act, and not incon-
sistent Herewith, shall apply to the notes hereby
authorized to be issued.
Approved, July IL, 1862.
CHAP CXLIII.
An Act making further Appropriations for SUM-
dry Civil Expenses of the Government for the
Year ending thirtieth of june eighteen hun
dred and sixty-three, and Additional Appropri-