The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1878-04-25
Treasurer offhe United Mates


and shall be 80 devised and engraved as to
afford a complete security as possible against
counterfeiting or imitation, and shall be
printed upon paper Of the kind and
quality used for United States notes; and when
presented In sums OF sl0, or any multiple OF
of the United States OF the kind and descrip-
ton hereafter provided. And any person
desiring 80 to do may make deposit, not ex.
ceeding 80 in any one day, at any postal
money ordeI Office, and receive in exchange
therefor postal orders equivalent In amount
TO such deposit; and such postal orders shall
be transferable upon endorsement OF the de-
position. And ali moneys received into postal
money-order offices under the provisions OF
this act shall be accounted for by the postmas-
tiers at such Offices, or, on ten days notice be
ing given, may be refunded to depositors un-
der rules and regulations TO be prescribed by
the Secretary OF the Treasury and the Post
master-General.
be called the postal savings bonds OF the
United States" and shall be issued by the
Secretary Of tine Treasury, OF such form and
description, and accompanying coupons, as
OF ten, twenty, nifty, and one hundred dol.
lars, and shall bear interest at the rate OF 3.65
per cent per annum. or one cent on each
slO for each day after its issue. And holders
OF the postal orders provided Tor In the INST
section Of this act shall be entitled to receive,
| in exchange therefor, at the money order
after I'VE days notice, s.es per cent. bonds
here provided for 70 the full face value of the
postal orders presented for such exchange.
And said bonds shall also be issued
lawful money Of Treasury notes or coin at the
Treasury OF the United States, or at the office
posiiory; said s65 per cent. bonds. Is well as
the said postal money orders, shall be exempt
from all United States, State, municipal, or
other local taxation. And said bonds shall
be exchangeable 1t par for the per cent.
bonds Of the United States authorized to be
issued by an act entitled IAN act to author
ize the refundiug Of the national debt" ap-
proved July IA, ls70; and the interest thereon
shall be payable every three months in cur
rency OF the United states. at the Treasury of
the United States, at the office OF any assist
the money order ofiices where issred: Proud
ed however, That coupons shall only be detach.
ed from the bond At the time Of payment;
and al coupons redeemed ~ inc money,or,
postaxe, or in exchange for postage-stamps,
shall be credited to such Offices the same as
money in their accounts with the Post-Ofice
and Treasury Departments. And the postage
savings bonds herein provided for, on pre-
sentatiOn At the Treasury OF the United States
or at the Office OF any assistant treasurer,
States, with interest computed TO the day of
presentation. And the postal orders provid.
ed for in the FIRST section hereof shall be re-
ofiices Of the treasurer Of the United states
and Of the assistant treasurers, and at such
postal money order Offices as the Postmaster.
Oe0erAl may Oe6l8nate IOr t00t puIpO0e.
SEC. 3. The names Of depositors OF moneys
under the provisions Of the INST section of
this act shall not be disclosed. nor the amount
u their deposit, except to TIE proper Officers
SEC. All moneys received into the Treas.
ury In pursuance Of this act shall be applied
s1ciusiy.iy e the redemption Of such S bonds
pleasure OF the United States: and the Secre-
tary Of the Treasury shall call in of such bonds
those that bear the highest rate Of interest at
n et~<>El y<,ff hrr
is hereby authorized and directed TO cause To
be prepared Q special issue OF United States
notes, Identical in all respects with the legal
for all debts, public and private, except duties
on imports and payment Of interest on pub
lie debt, to the amount Of 10 per cent OF the
sct1aiiy outsssndina, until the whole amount
Of such special issue shall reach the sum OF
$50, 0o0O o0; which special issue OF legal tender
the redemption Of the postal savings bonds
herein provided for, under such rules and
regulations - the Secretary Of the Treasury
ssc All esps a s1s fncnRr9eS under the pro.
visions OF this act, except - provided for by
appropriations for engraving and printing
the public securities, shall be paid out Of the
1870, for refunding the national debt. And IL
shall be the duty Of the Secretary Of the
Treasury and the Postmasts- General to pro-
vide rules and regulations, and promuleate
the same, 70 carry out the provisions Of this
act And they shall require adequate secu-
rity from all ofncers whose responsibility is
increased by Il, and shall see that the same is |
increased, from time to time, as the public |
interest may demand.
SEC. 8. All acts and parts of acts conflict |
Ing with the provisions OF this act are hereby |
Mr.. CARLISLE. I make the point of |
order. Mr.. Speaker, that that bill under the |
rules must have it, first consideration in |
The COMMITTEES Of the Whole on the state of |
The Union.
Mr.. PHILLIPS. What is the gentle
mans point of order?
Mr.. CARLISLE. That this bill must |
have its first consideration in the Committee
IF the whole, inasmuch as it involves an ap-
preparation Of money.
Mr.. PHILLIPS. 1t does not involve an
of money.
Mr.. CARLISLE. 1t provides for increas-
d expenditure of money by the General |
and necessarily involves an
now or hereafter.
Mr.. PHILIPS To what section does
he gentleman refer?
Nj. BURCHARD. Sections and are
to Rule liz, which provides that
IL proceedings touching appropriations of
money, and all bills making appropriations
f money or property, shall be 6rst discus-
d in the Committes Of the Whole House.
lection requires the payment Of money
MT of an appropriation already made.
lection 4 requires an appropriation Of mo-
'ey; it directs how money that comes into
be Treasury shall Be applied. And section
i liable 70 Q point Of order under Rule
10.
The SPEAKER The chair has only
I'D section & and thinks that i sufficient
hs chair thinks Tie point Il order i veil
ken, and dscido that this bill mus have !,
. fr.t coasidGation n Committee Of tie {.