The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-01-11

thorzed by this act shall be in such form the Secre
tary OF the Treasury may direct and shall bear the
some ocer or ocers sppo nted by the secrstafy to
sign the same, and also, evidence OF lawful issue,
tho imprint of copy Of the seal Of the Treasury De-
parlment
SEC g. And be 1t further enacted Tha. the necessary
expenses Of engraving printing preparing and issuing
the bonds hereby authorized and OF dsposng OF or SELL
ing the same and of paying the that may be
made payable in Europe through agent agents en-
ployed for this purpose by the Secretary shall be paid
out OF any money N the Treasury not otherwise appro
priated
sEc A. And be IL further enacted, That any person
persons who SHALL in any way aid or abet in importing,
or purchasing or selling engraving, transferring,
or printing, or issuing any bond coupon authorized
ner by any process, aid abet in importing, or
purs hasng, or selling, or engraving transfer
ring printing, or issuing anything in imitation Of any
bond or coupon or OF part OF any bond coupon
designed either for ornament Obligation author
lied or issued except under the direction OF the secreta
ny OF the Treasury who shall in any way engage or
assist In manufacturing or importing purchasing, or
selling any paper for the purpose of printing thereon any
bond coupon, anything in imitation of any bond
coupon any part or parts thereof designed either for
ornament or obligation authorized or issued shall be
deemed guilty OF felony and shall on conycU Soussr
dollars, or by Imprisonment for period not exceeding
twenty years. or by both.
OF acts heretofore enacted by Congress to prevent fraud
countereing and for the punishment thereof which
may be made applicable to the issues herein
thorized hereby reenacted, and made applicable
any and all bonds or coupons authorized by or issued
under this act
SEC g. And be 1t further enacted, That the interest
bearing Treasury notes of the Untd States which may
have been declared TO be legal tender to the same ex
ing interest shall to be legal tender from and
after the maturity thereof.
SIC And be further enacted That 80 much Of the
act entitled San act authorize the issue of United States
notes. and for the redemption funding thereof and
for funding the floating debt Of the United States"
approved February 20, 1852 provides for 'the pur
chase or payment of per centum Of the entire debt
Of the United States to be made within each fiscal
after the LIST day Of july 1852 which is to be set apart
as sinking fund and the interest Of which shall in like
manner be applied to the purchase or payment of the
public debt as the Secretary of the Treasury shall from
time TO time direct" be and the is hereby
pealed
The business at the Sub Treasury to-day was as fol-
lows
Total receipts s. 355, 1872
Payments. . OH $50
Balance G., sss, 43s
On account Of government loan ........... $4,000
The Boston Trdueer Of Tuesday refers to the condition
of the money market in that city folows:-
The money market is well supplied with capital al
though II Is more easy to obtain accommodation in
quarters than 1t Is in Others six cent Is the
mon rate of interest to approved borrowers but
frequently paid in other cases call, and and
threetenhs on short timesay for thirty sixty days.
The banks are lending call at six and dscOunting
business notes with short dates and
In the open market the best endorsed mercantile paper
having three four months run, passed
and half per cent while other good names go eight
and nine per cent. There is not much dong at higher
rat IS.
The London EconomiS Of the 10th ut thus refers to
the Bank Of England rate Of discount
We regret that the Bank of England did not raise it's
rate on Thursday last il woIld have been determined
step, but perhaps was in which strong deter
mnaton was the best wisdom. AS respects the future
the least accident would send the rate up and yet no
accidents happen This being dead time OF the year
may struggle on as II Is One thing very certain that
the London market has gone through splendid half
year, tn best perhaps, 1t has ever Last year ii
charged higher rates. but last ii made considerable
bad debts large lender could hardly help do ng so
then There collapse Of industry which tried every
one But now there are no bad debts and collapse.
The high gross profits of bankers will not be impaired by
any large losses or bad bills.