New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-06-07
NETWORK, TUESDAY, JUNE Z, 1871.

time of which the intended payment or redemption tns
secretary of the Treasury shall give public notice ana
time 10 he paid shall at the expiration OF three
months from the date OF such notice. -,
authorized and Instructed with any coin in the Treasury
OF the United States which In his opinion aa W az
par and cancel any six per cent bonds of the Uned
OF the kind known as tyetwenty bonds wfSh h9ve %
come or shall hereafter become, redeemable by Ine
terms Of their issue; hut the particular bohus 70 no
and Cancelled shall in all cases be indicated anu spees
10y class date and number IN the order of their numbers
and Issue, beginning with the irst iliIneieu tn a
in public notice to he given ny the secretary Oh inc h
sry and I'm three months after the date az such pubc
notice the interest ON the bonds 30 selected anu s
tsed paid shall cease but IL shall be competent Or
for payment TO exchange the same for bonds issued under
the notice provided the second section OF this act
SEC. And be IL ftrther enacted; That me OnIed
States bonds purchased and held in the Treasury IN
accordance With provisions relating To sinking fund.-
Of section OF an act entitled An act 10 authorne the
issue of United notes. and for the redemption or
funding thereof and funding the floating debt or the
United States, approved Feb 20 1907 anu an 9t'sr
the Secretary Of the Treasury with surplus funds IN the
Treasury and now held in the Treasury OF the United
States shall he Cancelled and DESTROYED detailed record
of such bonds Cancelled and destroyed 10 be first made
in the books Of the Treasury Department Any Donds
hereafter issued to said sinking funda all other United
states bonds redeemed paid hereafter by the oted
States shall also In like manner be eance,ea ana ao
that have been cancelled and destroyed shall be deducted
respectively from the amount OF each class OF the OUT
standing debt of the United states In addition 70 oIr
amounts that may be applied to the redemption or pay
ment Of the public debt, amount equal 10 the interest
ON ali bonds belonging the af0resa SINKING Fuhd
shall be applied the secretary Of the Treasury sIan
from time to time direct to the payment OF the PUBIC
debt as provided in section of the act aforesaid
SEC = And be 10 tttJther endced That the Secretary
OF the Treasury hereby authorized to receive gold com
OF the United states, bullion, on deposit tor not ss
than 30 DAYS Of than $780, win me Treas
urer or any Assistant Treasurer OF the United states a
thoizod TO receive the same, who shan issue tefeIor
certificates Of deposit made in such form as the seere
tary Treasury shall prescribe and SAID cerncate
of deposit shall bear interest at rate not exceeuS
per eenum per auuuin, and any amount OF Boiu
coin or bullion deposited may be withdrawn from de
post time subsequent To 80 days from the dte P
deposit after 10 days notice and on the return Oh sa
certificates; PrOridtd That the interest on an sue Ee
pOss shall cease at the pleasure OF the secretary OF te
Treasury, and not less than Is per eentu OF tns com
and bullion deposited for representing said cerDcaes
of deposit shah be retained in the Treasury for the pay
men said certificates and the excess beyond 70 per
centm may be applied at the dscretOno the secretary
Of the Treasury 10 the payment or redemption OF suc
outstanding bonds OF the United states heretofore issued
and known as the fiye-twenty bonds he may desig
nate under the provisions of the fourth section OF TINS
act And any certificate OF deposit, issued as aforesaid
NAV received at par with the interest accrued thereon
payment Or any bonds authorized to be Issued by Ills