The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-07-02
n L a " L inst nj

Another amendment offered by Mr. Davis, to
MAKE TIE interest on certificates two instead OF
thres pei cent, was rejec,cd.
The question was men taken on MIR. Buffers mo-
ton " strike out the hith section anl II was mega
tyesL
In, sixth section was then read for amendm nts
Mr.. MAYNARD mo. ed 10 adl clause reqn ng an
annual statement Of the sinAiDg iund, when VAS
negativ 4.
81 DAVIS rerJ Of N. y, offered an additional
section prOyi ling for an ~ NC OIL fJur per Lhonds
Tor winch gree ba ks sha be exchanged DE anu mo
Which they snail be convertbl'.
Mr.. SCnESCS thea moved Inc previous question ON
tie hill and amen lments. Ihe previous question
was sc oAded.
Mr.. ID VIZ amendment was rejected, and the BIZ
was tn'n pissed, by yeas l29, n ys a. tn deno-
o New YORK; Mr.. Cox and Mr. But err OF Massa-
chuseus, dll not vote. me repuoii ans yo ilg
against II were Davis, OF New YORK. ana Stevenson,
Of ONO.
The House bin was then adopted as a substitute
for the senate bill.
The House hen at 0uarter-past four sdiournei
The fIll.wing ~ tie bill as passed.
That the Secretary Of the Treasury ,reby authorized
Sloo Co., coupoa or registered ponds OF the United
lions OF my dollars Inutple that redeeloa.
be IN coin of,he standard value the pleasure the
and gearing Interest," payable semLannnsy IN such CON- Al
Interest thereon snail be exempt payment Of al
Or duties OF the United States well as rom taxa ion
the sai bonds shall have sei forth and expressed upon
hsr coupons be made payable he rrcsury OF H.
now ia s Ses s Sn aoss 10 3r ANY oe Law
whatever OF the bonded debt OK the United states
,hS ,s Cd to sell And dispose the bonds Under
ply the proeesd sst hs@ee fsr bsr ye and % APP
asy o. b .as United States on,nn and knowa
hereby authorized shall for 40 other purpose
ae s a@sns any the q, s egaS' Of
years, shall be made in amounts to be determined from
ton, and by classes be distinguished bS HE
ua.es anu hunbes gnnng Tor each successive payment
| numbered,
which Intended payment Or redemption inc acee,ary Of
the particular SO selected At any time 10 BE- PAID snS
use at tho expiration Of three months from She date Of
SEQ That the Secretary the Treasury is hereby au-
United States which he lawfully apply to suoh purpose
or which may be derived from the sac Of any the bonds
and cancel si& per bonds the ned States The
hereafter become rsaeemabc by he term. Of Ser h.
BE- SO os 70 Ss & s Si
and plumber in public notice 70 be given by the Sec oy OF
public notice the atcres, selected and aver
ised to be paid shall cease but shall bo competent FOR the
holders and owners o Of said bonds specified
men to exchange the same Tor bonds issued under the
Sc s. Tina, iae Secretary Of the rressyy Is hereby
authorized 10 receive sod coin tie United States yca
than % sy avs sue n s" Of not t1 sa aS S'R S
az ~ ssas o. any assistant q Ne uasd
the who shall tsue therefor certiacote Of deposit
prescribe and said certificates 0epest snail bear interest
At rate not exceeding thee cent aud auy
drawn from deposit a any time after t6y days from the
dale OF dspos and after days. ard on return
OF sad eertGcaes provided, thnt the on
deposits ahal and determine The pleasure of
Secretary o. the Treasury; and not less than ity
l five cent Of tho coin and bullion
deposted for represented by said certificates deposit
shall bo retained IN the Treasury for the payment OF said
uhcates and the beyond per
he applied mt the discretion the
TO the payment redemption such onsandng
The United states heretofore issued and known
twenty bonds as he designate under the provisions OF
The fourth section OF this and certificates
issued aforesaid may be received pa with Interest
accrued thereon, IN psymen: for bonds authorized
| issued.b this act
SEO That the United States bouds purchased and nsy
held IN tho Treasury with provisions
lang 10 sinking fund Of section five the entitled
act 10 authorize the issue Of United States fJ
redemption funding thereof and funding the Boating
81 the United states" approved February 81, lsc2
| and all other United States bonds which have
| been purchased by the Secretary OF the Treas
1 with surplus fund. in The Treasury,
held IN Tie Treasury ~ the United States shall be cancelled
and destroyed dcaied record of snch bonds cancelled
and destroyed to be first made in the books OF the Treasury
Department. Any bonds hereafter applied said
fund, all other United bonds redeemed or
recorded, destroyed, the amount OF lie
honda OF each that have DESTROYED
shall be deducted respectively FROM the oas
Of the outstanding debt OF the United In sddon
other anounts that be applied 10 the redemption pay
VI the public des equal 10 the lnerts
bonds belonging 10 the Aforesaid sinking fund shall
Piled, the Secretary OF the Treasury time 70
time direct ia the the public debt provided
| ia section ave Of u. act aforesaid