Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1869-01-21

oxemnlar and engine of its industry ane
power-that money which saved the coun
try ia war aud has given ii prosperity anc
happiness in peace. TO it four millions
men owe their emancipation from slavery
to it labor is indebted for elevation from
that thrall of degradation in which 1t has
been enyeloped for ages Istand for that
money, therefore which is By far the bet
ter agent and Instrument u exchange o
~ enlightened and free people than gold
aud silver, the rloney alike Q; the barba-
ian and tie desPot
Tue bill Of Gen. Butte, in favor o'
which he addressed tbs House, author
ICES the Secretary Of the Treasury, after
the 30th Of June next, 70 issue. on the
faith aud credit of the Unite5o rstates,
$3.50, ,oOo. 00n, aud such furth1 su.4 .
may be rs4r.- in certificates T2lae
Of the Treasury Of the L. 5 noftsstarng
interest, and OF such amounts as he may
deem expeiient, Of not less than 81 each,
which shall be received in payment Of all
! taxes, duties, exciscs, debts aud demands
! Of every kind due TO the United Sta:es,
! and for all cllims and deman1s against
the United States of every kind what yer,
except where the law creating such claim
or demand REQUIRES that the same shall
be paid in coin, and shall be lawful mo
ney and iegal-tender in payment of all
public money and private debts, except
as Aforesaid, within the Tn ted STATES,
and shall Sc receivable in payment Of all
loan. made to the United States.
After the 30th day Of June next the
rational banks Shall cease to be banks Of
issue, an / All taxes on their circulation
SHALL thereafter ase.
After the 30th of December next no na-
tional bank bill shall be received By any
officer ot the United States il payment Of
any public debt or tax After the 30th
Of June no disbursing officer of the Uui-
ted States Shall pay ont or disburse any
other money save certif >stes Of value, ex
cert when he may be ordered by the Sec
retary of the Treasury to pay or disburse |
coin After the 39th of june next any
person or association, whether banking or
other, owning any bond of the United
States Of Slon, or any multiple thereof,
payable to bearer, bearing + per cent. in
tcrcst IN coin, with the coupon for unac-
cruel lntcres- attached, may present the
same to the Treasurer or any Assistant
Treasurer Of tie United States or other
public depository, to be designated by
The Secretary IF the Treasury for that
purpose, and who shall have lodged III
the Treasury Of the United States suh-
cent security, and shall receive therefor
20 per cent. Of the par value on its face
iu certificates Of value in such denomina-
tions as he may choose, laying on tha:
amount at the rate Of 800 hundredths per
sent. per annum interest in coin for 80
DAYS, and until he shall return an equal
amount Of said certificates to the Treasury
# the United states ana said bouu or
bonds shall remain il the Treasury as 50
curlty for the cert .hcates so delivered and
thc Interest thereon.
The Secretary Of the Treasury is au-
thorizad to cause to be coined tokens Of
value, which shall BE- legal tender AMI .
Lawful money for any snn less than 81,
as fractional currency Of the dcnomiua-
ton OF ten cents or upwards, in the SIM
llituic of silver con, or silver, s. allowed .
il the copper or other metal aS to be fiji
ty per ceas. less III value than the deuon
.ua,luu thereof, aud tuerewi to redeem
the fractional paper enyr.ncy Of the Uni
ted States.