The national Republican. [volume] (Washington City [D.C.]) 1866-1870, 1870-01-13

BILL to Authorfzo ne roIuuoing ant 90 nj sol
SslS s Hits' as .ss 's spss. 0R psS
R B.G ';sosl,a ~, li,ai. md irou,. st R,gr.
Isniaitrsi e ~ lAle! sialsl 81 fnsriea n oo.
log the debt OF the United states and reducing
the interest thereon, the Secretary Of the
Treasury be, and he IL hereby, authorized te
soSpou or rsTisterSa soSds ,t Of such depomins
lions not less than htty dollars as he NAY
think proper, to 40 amount not exceeding
lsoo coOoC0 fedeenable IN coin A. the pleasure
ysaFs, asd psyssle " cole ~ forty years iron
date, and bsAtins Interest Al the rate Of Eve
s5 en- , y-o sr,scri,ss nav Y v
disposed Of At the discreUon Of the secretary
under such regylAtiona a. b. shall prescribe,
either In the UnitaA States Or elsewhere, al
a %sy s. X, 'SsI a. ths
bonds Of an squal AHefeeate PAT vAIuo hereto
tore lssuei u1,ipr the He,, Of February %, ls62
and Ior ne other pdtpoisi AND the prceevdS d
80 much thersof e may be disposed Of for cola
shall be placed In lhe Treasury, to be used fol
the redenptlon % suah aiN per cent. bonds Al
par as may not se offered Ia eSeheuEe, 9t to
fsplaes such Amount Of cola as may have been
used for that purpose.
sec. 2. And b " further enacted, That the
Secretary Of the Treasury be, and he u hereby
auth oriaed 10 iasus on the credit Of the United
Statea, eoupona OF registered bonds g the
' Is., o. M S NJ us ~ ax ,hins
proper, reasonable IN coin At the pleasure Of
the uovernment At any time after hiteen
years. and payable 70 sole A. MY years from
semi ;Sneusiiy u cpinI sad me bonds author.
: :SSS sss GSsa sss. S' y ss 'h grs
not less than par, for coin, or they may be ex.
shAnged q par for any Of Tho ou.sisading OBJ
M ~ ~ ~ ha.
- nav ~ soii iaI sain ShSll 10 aspositsd A.
ihs TfeaSury, 10 bs used for the redemption
o. ,aea oohsauo1s $500 y rn ns .. m,ae
mS oe o. NJ Ves ,ss 30 ~ paya,
oIe, ~ 70 tepiAss sush Sstn ~ may nave oeeh
u,eu iot th ns pnIH,.s;. ..,., .rA.,,L.v
zee ?. - ans' SC
SL AZ y, ,.s, ~. ., 81 ~ a.
states from tine to ti%s coupon o. Tssi',srsd
Senus y. sI.n s..s 49, - ~
s,ns,,nh m 400 200 ooa redsenabls IN eoin ~
the pleasure o. The ooysrnmeHt At any time
sistv vsaTS nom date and besrin9 intsrest az
~ te,,s ~, o.aI ~ anr,,rs na,s.hIs
,s1i'annu.iiS in ooiSt and sash boad. n ~ hs
s.nossb ~ ~ tha IissreiInn M ~ $50 y. "
SitBeI IN he Waited state or eiSswSere'
- "a. thsn tssir 7nsy vsI,s for snIs ~ -
9Gt ~ ststs. Sos,I n.ton com 9. tof
tsSstton n s,,rrsnsy, ar nav IL sSshangsj ~
any IN tba obiirsdons on me Ijnited sistes
ag,,-6.s ~ shsrssss, Shst No. ~ o,,,.,suai
To- ~ ths aats 81 m, issun X snsb honS.
hSdif IL tbs ooinIon n the sscrstsTv N IN
i.rge, !. I,as,nt az foss v.s ssnt honS. a., 80
u The pufpoSss hsreIn OF hereinafter Teeite2
man mo Nr ,p NJ n, .nos n,s,b ~ WIS
hs.s,,, satbnriy al, proriJsi m 81 thcse sh.tI
~ ~ anrfe - n the agrreaate ,lebt of Ina
TInI,ed Statsa la oonssSsenee Of Nav is,Ses
.,,,ihoSt,si hv M set " ny '"'u'"
sn tiA's1 " hs 4, Ns..h.. ,,..t.g Th.t,h
hSnd. .uthoriSrd ~ ans act 1hAll he eSsmpt
from All tasstion ~ or under national STATE
~ ,n,,ni,insi anthority Nor shaII ih,ss bs
nv tsI upon. or sbatsment rom, tbe intsrest
oI insons thaSsoi '''"'' '"'
Sec. S. Aad Be- Il further snaeIsd, That the
smoSnt Of Issues OF oIroulatinr notss nv rs.
tioaGi banks Be, and the sane IL hsfs6y, eE-
tended, so that the aggregate amouut issued
and TO be iahued nay Amonnt TO, but shall not
exceed, tso9lo ,ooo, and The additional Issue
demanded, aatu give TO each State aud Terri.
tory its lp.tproportion o. the whole amount
Of elren u w notes ,oeordinG to popnlation,
nationAl banks, in so far a. such pfoylslons
are not modified by this act; PrOrided That
for each dollar Of additional ourrenoy leaned
under the provisions Of this act there shall be
Withdrawn and cancelled one dollar OF legal
teadeT issues. .-g.L. =
See. ., And % yuriAtT enacted, Thai the
0Gtional banks, 10 whom may be awarded Any
part or portion Of the additional circulating
-.
10 ~ dsno,it bstoy. ~. daiiSsss 's ~ eh ~
any such notes, with the TfsSsdt5f on me
U6ited States, as security Tor such oirsula-
lion, registered 6ondl Of the desertptlopl au-
~ " W. e spsa tS aS 1I 'h IN ne
Zach ana every so OF notsa 10 Be deIiv,FSa,
and the Secretary OF the Treasury shall re-
quire from existing national banks, Ia sub
snt9 r o. tne poaas sIies9y deposited with
~ for tbeiS eironiStin~ Sotcs Ssno.,t ~
reSiStered bonds Authorized BY the thffd sec.
ton Of this aot to an amount not less than
sloo Of 6ond. f9r every 80 o. notes that has
S SsSh OF aI nay ~ n.S ~ aenefs . 70 sHsh
been .snseied. hna III any SstionaI bsnS
shall not furnish 10 the Treasurer oTthe UnI-
ged StftSf thsh Par bonds, As required By. thjS
notified By the Secretary OF the TreasuTy Of
his readines, TO deliver such bonds, It shall be
ne dny o. ne IfeasntsrI 80 lohg A. such de-
~ N nav bessns a,,s ma ron ,hI iatef ,n
bonds belonKiSS 10 such delinunsnt bSnhs ' an
depoBit Witt him, as security for circulating
notes, 90 much ofsuch Interest a. shall be 10
eaeS o. i . Per GENT, PEI nnnam on the
HisSed 10 he eredIS on ne "aElSg fsDS ~ tb DC
Unitsd StGtssj and ali slslmS thereto on n t w.
part OF such delinquent backs shall cease and
ds'ermins rem th.t aatsi .sd The percentage
nv b.nE x All ~ ny 49, .Sso aits 70
ssSt - ths Tss. v.i,. ~ - : h'.S-s y ~ ,pet