The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1870-07-15

w 1dA44-44sa4N'NA sO4AsAI@
the above specified conditions, and shall
with their coupons DC made payable at
thc Treasury Of the United States; hut
nothing IN this act OF in any other
Law now. in force ahall be construed 70
auth lie any increase whatever Of the
bohdea debt o. the United States.
SRqS2. b It further enacted, That the
Secretary Of the Treasury Is hereby au-
thortzedt0 sell and dispose of any Of the
bonds issued under this act at not less
than their par value for coin, and TO apply
the proceeds thereof to the redemption Of
any bonds of the United States Outst9nd-
ing and known as dvc-twenty bonds, at
their par value, or he may exchange the
same for such VestWenty bonds, par 'tor
par, but the bonds hereby authorized shall
be used for no other purpose whatsoever,
and sum not exceeding one-half Of one
per cent Of the bonds herein authorized u
hereby appropriated to pay the expense
OF preparing, issuing, advertising and dis
posing Of the same. ~ ..ss..i! - =! +.
SEC. 8. Be ii enacted, That the pay
mcnt OF any Of the bonds hereby au.
thorized after expiration Of said several
terms Of ten, fifteen and thirty years, shall
bG made In amounts 10 BIO determined
from time TO time by the Secretary Of tho
Treasury at his discretion, the bonds 50 to
be paid 10 be distinguished and described
by dates and numbers, beginning for each
successive payment with the bonds Of
such clGss last dated and numbered, 0f
the times Of which intended payment or
redemption the Secretary Of the Treasury
shall give public notice at any time to DO
paid, the interest on which shall cease at
the expiration Of three months from the
date Of such notice. H..
SEC. a. Be it further enacted, That the
Secretary Of the, Treasury Is hereby
authorized, with any coin in the Treasury
Of the United States which he may law
fully apply to such purpose, or which may
be derived from the sale Of any Of the
bonds, the issue Of which Is provided tor
in this act, TO pay,at par and cancel any
six per cent bonds Of the United States Of
the kind known as 1iVe.twenty bonds,
which have become or shall become re-
deemable by the terms Of their issue. But
the particular bonds so TO be paid and
cancelled shall In all cases DO indicated
and specified by class, date and number in
the order Of their issue, beginning with
the first numbered and ISSUED, in o public
notice to be given by the Secretary Of the
Treasury, and In three months after date
Of such public notice the interest Of the
bonds so selected and advertised to be
paid shall cease. ,r
SEC. 8. Be II further enacted, That the
Secretary Of the Treasury is hereby
authorized, at any time within two years
from the passage Of this act, to receive
gold coin Of the United States on deposit
for not less than thirty days In sums Of not
less than one hundred dollars, with the
Treasurer or Assistant Treasurer Of the
United States, authorized by the
Secretary Of tho Treasury TO receive
the SAME, who shall issue therefor
certificates Of deposit made in such
form rs the Secretary Of the Treasury
shall prescribe, and said certificates OF
deposit shall bear interest at u rate. not
exceeding two and q half per cent per
annunl, and any amount Of gold coin so
deposited may be withdrawn from deposit
at any time after thirty days from the
date Of deposit, and after ten days notice,
and on the return Of said certificate; pro-
UtGel, that tho interest on all such depos-
its shall cease and determine at the pleas.
urc Of tho Secretary Of the Treasury, and
not less than twenty-five per cent Of the
coin deposited for Or represented by said
certificates OF deposit shall be retained in
the treasury for the payment Of said GER
LiLicates, and the excess beyond twenty
five per cent may be applied at the dis
erection Of the Secretary OF the Treasury
10 the payment or redemption Of such out
standing bonds OF the United States here
tofore issued and known as tve.twenty
bonds, as he may designate under the pro-
visions Of the fourth section Of this act,
and any certificates of deposit issued us
aforesaid may be received ut par, with ill.,
terest accrued thereon, in payment for
any bonds authorized to be issued by this
act.
SEC. z Be it turtherenactel, That the
United States bonds purchased and now
held In the Treasury In accordance with
the provisions relative to sinking fund
dissection OF an act entitled ian act to
authorize the issue Of United States notes
and for the redemption or funding thereof,
and for funding the floating debt Of the
United State" approved February %, 1869,
and all other United States bonds which
have been purchased by the Secretary Of
the Treasury Of the. United States, shall
be cancelled and destroyed, a detailed
record Of such bonds so cancelled and de-.
stroyed to be first made in the Treasury
Department. Any bonds hereafter aP.
piled to said sinking fund, and all other
United States bonds redeemed or paid
hereafter by the United States, shall also
In like manner be recorded, cancelled and
destroyed, and the amount Of bonds Of
each class that have been cancelled and
destroyed shall be deducted respectively
from tho amount Of each class Of the out.
standing debt Of the United States IN adj
dition 10 other amounts that may be up
piled TO the redemption in payment oftle
public debt, and an amount equal to the
interest on all bonds belonging to the
Aforesaid sinking fund shall be applied as
the Secretary ofthe Treasury shall from
time to time direct to the payment Of the
public debt as provided for In section five
Of the act aforesaid, and the amount SO 10
be applied is hereby appropriated Nnnu-
ally for that purpose out Of the receipts
inTS dufina IN fbnnoyfnd 0OoHs .#