The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-12-06

whole amount susssandng undsr al these sets moi 70
zes q June 80, 1884 authorized the ssus Of
thefDv4hn1 aftsf any psriod MOI Isss than ave nor
Psyssisss any psiISa not more than iosy Year, is0n
dass And nd bondi sha hear an annual interest not
excesdins six pr osntum payaUs. ssmiannusiy =
q such A Ssn sHs ss:ss. e. q z:
s1ch torns .nown ssdve-twenes, rsmar6g unsold
money ~ ,b - re- may deem most vabe for lawful
Treasury notss csrtiScaes e. at his discretion ior
Of dspo:. issued under ndsbtsdus Or csfn'a'ss
notes, 1893 authorizes an issue OF Treasury
ov -.~edng three years to run, interest :. no.
able in swfal money ACT q June So 1854 also al:
thoczes tho issue Of and In Lieu Of equal amount
osu no Sy the @ "a
Of any not less Aan $lo payable AZ any
time not exceeding three years from date Sf thought
from date and bearing not exceeding the rate
Of seven and threstsnths per centum, payable in
lawful money ~ maturity or as the discretion OF the
be made payable, principal aud interest, at maturity
shall be legal tender to the extent as United
may paid any creditor OF the United States their
face value excluding interest," 10 any creditor willing
to receive them at par including interest," and any Ires
sury issued under the authority OF this act may be
made convertible At the discreet Of the Secretary Of
the Treasury into any bonds issued under the authority
Of this act and the Secretary may redeem aud 10
be cancelled and destroyed any Treasury notes United
States notes heretofore issued under authority previous
Congress- and substitute in lieu thereof an equal
Of Treasury notes. such IRE authorized by this
act, Of other United States notes; nor shall any
Treasury note bearing interest issued unde this act be
legal tender In payment or reclamation OF any notes L.
sued by any bank banking association or banker cacu-
lated or intended TO circulate as money.
Act OF January %, 1s85-The whole amount may be
issued in bonds Treasury notes, at the discretion OF
the Secretary
Act Of March 8, 1865, authorized an issue Of
$500 900 In bonds Treasury notes. bonds may bo
made payable at any period not than forty years
from the date Of ISSUE or may be made redoemaoe az
not less than Ave years more than forty years from
date may be made redeemabe and payable as afore.
thereof may issued in Treasury notes may be made
convertible inty any bonds authorized by this act and
be Of such denominations, not less than $780, and bear
such dates and be madc redecmabe or payable at such
periods the Secretary OF the Treasury may deem
pedient The interest on the bonds payable semi annu-
ally; on Treasury notes semannuav, or annually. OF
at maturity thereof; and the principal or interest," OF
BOTH BIO made payable In coin other lawful money II
In coin not to exceed six per cent per annum when
not payable in coin, not to exceed seven and three
tenths per cent per annnE Rate and character to DO
expressed on bonds Or Treasury notes.
Act Of April H. 1850, amendment to act Of March 3,
1853, Authorizes the Secretary OF the Treasury, ct his
discretion to any Treasury notes other obliga
tons issued under act Of Congress- whether bearing
interest or not exchange any description af bonds
authorized by the act to which this an amendment and
also dispose Of any descriptions OF bonds authorized
by said act either tho United States elsewhere to
such amount, In such manner and at such rates
be may think advisable for lawful Of the United
States for any Treasury notes certificates Of indebted
or certificates Of deposit other representatives
| OF value, which have been or which may be issued
under any act Of Congress- the proceeds thereof to be
used only for retiring Treasury notes other obligations
issued under any oct OF Congress; but nothing herein
contained shall construed 70 authorize any increase
Of the public iebt.
Acts Of Tuly /. 1852 and July o 1854 Bonds issued
TO the Union Pacific Railroad Company in accord.
auce With these