The tri-weekly standard. [volume] (Raleigh, N.C.) 1866-1868, 1866-12-22


| payable at periods expressed ON the face of said
treasury notes; and the interest on the said treas
| ury notes and on certificates of Indebtedness and
| deposit hereafter issued, shall be paid in lawful
money. The treasury notes thus issued shall be
of such denomination as the Secretary may direct,
not less than ten dollars, and may be disposed OF
on the best terms that can be obtained, or may
be paid to any creditor of the United States will
ling to receive the same at par. And said treasury
notes IN; be made legal tender to the
tent as United States notes, for their face value
excluding interest; or they may be made ex-
changcable under regulations prescribed by the
Secretary of the Treasury, by the holder thereof
! ut the treasury in the city of Washington, or at
the ounce OF any assistant treasurer or deposltary
designated Tor t at purpose 1or United States
notes equal in amount to The treasury notes Of
fered tor exchange, together with the interest
crued and due thereon at the date of interest pay
| ment next preceding such exchange. And in lieu
fauy amount of said treasury notes thus cXcang
| ed, or redeemed or paid at maturity, the Sccre-
tary may issue an equal amount OF other treasury
| notes; and the treasury notes SO exchanged, re-
deemed, or paid, shall be cancelled and destroyed
as the Secretary may direct. In order to secure
certain and prompt exchanges of United OfStates
| notes for treasury notes when required lis above
provided the Secretary shall have power to issue
| United States notes to the amount of one hundred
aud tilly millions of dollars, which may be used
| if necessary for such exchanges; but no part of
the United States notes authorized by this section
shall be ISSUED for or applied to ny other !
poses than said exchanges; and whenever amy
amount shall have been issued and applied,
the SAME shall be replaced as soC.n as practicable
from the sales OF treasury notes for United States
| notes.
Sec s. And be it further enacted, That the
Secretary of the Treasury be, and he is hereby,
authorized ii required by the cXigcncics of the
public service for the payment of the army and
navy, and other creditors or the government, to
| issue Oh the credit of the United States the
of one hundred and fifty millions of dollars of
United States notes, including the amount ofsrc
notes heretofore authorized 10y the joint resou-
tOn approved January seventeen, eighteen hun
drcd and siNty-thrcC, in such tormas lie may deem
cXprdicnt. moi bcaring interest, payable to bearer
and OF such denominati lis, not less than one dol
shall be lawful money and legal tender in pay
mcnt of all debts, public and private, wit.lin the
| United States, except for duties ON imports and
interest ON the public debt; and any of The said
notes, when returned To the treasury, may be
| issued from time to time as the eXgcncicS OF the
pubic service may require Ana IN leu OF any
of said notes, or any other United States notes,
rctGrncd to the Treasury, and cancelled de
stroycd, there may bc issued equal amounts of
United States notes, such as are authorized by
this act And so much OF the act TO authorize the
Issue uf United States notes, and for other pur-
poses approved February twenty five, eighteen
hundred aud sixty two, and Gi the act 10 autho-
rizc additional issue of United States notes,
and for other purposes, approved July eleven,
eighteen hundrvd and siXty-two, as restricts the
negotiation OF bonds TO market value, is hereby
repealed. And the holders OF United States notes,
issued under and by virtue OF said acts shall pre-
sent the same Tor the purpose of exchanging the
same for bonds dis therein provided or before
the first day of July, eighteen hundred and sixty
three, and thereafter the right to exchange the
same shall cease and determine
Sec. 4. And hc K further enacted. That in lieu
of possn%c and revenue stamps for fractional cur
/ rcncy, and Of fractional notes, commonly called
postage currency issued or to be isSc.. the Sec
rctary of the Treasury may is>ilc fractional notes
oi like amounts in such form as lie may deem
pcdicnt, and may provide for the engraving, pre-
larItion, and issue thereof in the treasury depart
! hcht nuiidlh%, Ana All suci notes Issued snail
be cXclungcaDlc by the assistant trc:i>urcrS aid
designated dcpo>itarcs Tor United States notes,
| in sums not les than three dollars, and shall Ec
receivable or postage and rcVenuc stamps, and
also in payment of amy dues to the United States
less than live dollars, except duties on impor:S,
, presentation
treasury of the United States in sucn sums and
under such regulations us the Secretary of thc
Treasury shall prescribe: Provided, That tie
whole amount OF fractional currency issued, i'll
Guiding postage and revenue stamps issued ~ cur
rency, snail not exceed fifty millions of dollars.
Sec. And he it further enacted, That the
Secretary OF the Treasury is hereby authorized TO
receive deposits oI gold coin and bullion with the
treasurer assistant treasurer of the ni1cd
States, in sums not less 1han twenty dollars, and
to s,Uc certificates therefor, i'll denominations of
not less than twenty do; lars each, corresponding
with the denominations ui the United States notes.
The coin and bullion deposited tor or represent
in. the certificates OF deposit shall be retained IN
the treasury lur the payment OF the same on de
treasury may be issued in payment OF interest on
the public debt, which certificates, together wth
thOsc issued Tor coin and bullion Deposited shall
not at ANY time exceed twenty per ccntum beyond
the amount Ut coin aid bullion i'll the treasury;
and tEc certificates for coin or bullion i'll the
treasury shall be received ut par i'll payment for
duties on Imports.
Sec q. And he it further enacted, That the
coupon or rcS5Is cred bonds, treasury notes, and
United States notes authorized b.; this act shall
be i'll sucn form the Secretary of the Treasury
may Direct and shall nave printed upon them
sucn statements, showin" the amount of accrued
or accruinc interest, the character of the notes,
and the penalties or punishment for altering or
cricltlng thcm aS the Secretary Oi the Treas
ury may prescribe, and shall bear the written or
engraved signature OF the treasurer OF the United
States and register OF the treasury, and also,
as evidence OF lawful issue, the imprint of II copy
OF the seal of the Treasury Department, which
imprint shall be made, under the direction OF tic
received for the cngr;lvers and before they are is
sued, Or the said notes and bonds shall be signed
by the treasurer of the United States, or for the
treasurer by such persons Us may be specially ai'
| pointed by the Secretary OF the Treasury for thai
purpose, and shall be countcrsigned by the reg
lister OF the treasury, or for the register by such
persons as tue Secretary OF the Treasury may spe
cialy appoint for thai purpose. And all the pro
visions ot the act entitled An act to authorize
the issue oi treasury notes. approved the twenty
third day of December, eighteen hundred and
fifty seven, far they can be applied to this
act, and not inconsistent tnerewtn, are hereby
revived and rcrnactcd
Sec Z. And be itturthcr enacted, That all banks,
associations, corporations, individuals, issuing
notes or bills for circulation currency, shall be
| subject to and pay Il duty of one per ccntum each
half year from and after April first, cigltc hum
tlryd and three, upon the average amount of
circulation OF notes or bills currency issued be-
yond the amount hereinafter named, that is TO
| say: banks, associations, corporations, or indi-
viduas, having capital of not over one hundred
thousand dollars, ninety per ccntum thereof; over
one hundred Thousand and not over two hundred
thousand dollars, Eighty per ccntum thereof over
two hundred Thousand and not over three hun
dred Thousand dollars, seventy per ccntum there
Of; over three hundred thousand and not over five
hundred thousand dollars, sixty per ccntum there
OF; over five hundred thousand and over one
| million of dollars fifty per centum thereof; over
one mllnOn and not over one million and Il half
OF dollars, forty per centum thereof; over one
! million and Il lIaif, and not over two millions of
dollars, thirty per ccntum thereof; over two mil
! lions OF dollars, twenty-five per ccntum thereof.
In the case OF banks with bran ncheS the duty
IN provided for shall be imposed upon the circu-
lation OF tue notes or bills of such branches sew
orally, ana NOT upon the aggregate circulation OF
all and the amount OF capital of each branch
shall be considered to be the amount allotted to
! or used by such branch; and all such banks, as
sociations, corporations, and individuals shall
also be subject to and pay duty of one half OF
one per ccntum each half year from and after
April first eighteen hundred and sixty three, upon
the average amount of notes or bills not other
wise herein taxed and outstanding us currenc
during the six months next preceding the return
hereinafter provided for; ana the rates of tax or
duty imposed on the circulation of associations
winch may be organized under the act " to pro-
vide national currency, secured by pledge of
United States stocks, and to provide for the cir