The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1881-02-04

III WASHINGTON. Jnnunrv n
FOLLOWING u the nun text III the r,,,..
Dill ~ finally passed BY the House to.dav
SECTION J. ~ y cnnctcd, etc. That IN N.
sunk provisions ~ me law authorizing H. y.
funding ~ the National debt shall .,, ~. q
any bonds Of The United states bearing ' h'. y
~ rate 81 interest than ~ per cent. pcr .,,'
which may hereafter become rcUcc,nal MA, ' ''''
sidcd that, IA lieu ~ the bonds autboyi<..l, "
~ issued ~ tho net OF July n. 1870. e.,,,,,
An net 20 authorize the refundin., ~ ,',"
National debt" and acts amcndatory ,h ~
80 and the certificates authorized Y, w
act Of February -, 1872. entitled IAN s.., VIZ
authorize the issue Of certificates M ".
posi- ~ aug % the rcfnnding Of M
pupnoaep', thc Secretary Of the Trcas,,f, I.
hereby authorized 10 issue bonds IN m, n,,.,,.'.
not exceeding <soooOoD. which shall MN. ,,'' ~
tcrcst ~ the rate ~ three per cent. n.r III M
mum. redeemable AZ the pleasure NJ ~.
United states after 1--WE years. ana p.x.,,s
yen years from date of issue. ana ala, cn,,4a
Gates 20 the amount or 500. 10000 m de,,.,.
nations o. SO go or $50. either Registered ~
coupon. bearing interest ~ the rate ~ ,hr,.
per cent. per annum. rcdcemable at tho nle...
ure % the United States after one year ~.
payable 70 zen years from date. The bona.
ing cef''ncates shall be IN all other respects n
IKE character and subject d the same prnv,.
ions ~ the bonds authorized 10 bc iss,,o,
by the act 81 July "A. ls70, entitled !. ~
act 70 authorize the refundinv N ~
National debt and acts amcndator, there,..
provided. that nothing IN tins act shall W -
construed as 20 authorize an incrcaSc =, NJ.
public debt; ana provided. further. M, n,
terest upon the six-perccnt. bonds hereby ~.
thor'<ed 20 be refunded shall cease ~ ~
expiration ~ thirty DAYS after notice I'M M
sumo nave been designated BY the Secretary
q the Treasury for redemption.
SEC ? The Secretary of the Trea4urx 4,
hereby authorized, In process or rcfnnding m.
National debt, 70 exchange al not lcs. mar
pnr any bonds or certificates herein authnr.
i<cd Tor any Of the bonds of the United yta,.s
outstanding and uncaIlcd bearing A blebrr
rate a interest than ~ per cent pr n,,nn,.
ana on bonds % redeemed the Secretary ~ the
Treasury may ALLOW 20 holders the difference
between the Interest on such bond. from ~
date OF exchange 20 the time % maturity. .ana
me interest Tor q Ike period on the baisd. ~
certificates issued; but none 81 the provi..on4
,f this act shall apply to the rcsicmntjon W
exchange 81 any Of the bonds issued u Tia
Pacific Railway Companies. and the bonds "
'eceiNed ana exchanged In pursuance ~ fho
provisions ~ this act shall be Cancelled all
destroyed.
SEC. q Authority 70 raise bonds and certIa
ates ~ the amount necessary 10 carry out tho
'rovisions Of this act Il hereby granted. ana
he Secretary Of the Treasury il hereby AL
horizcd and directed 70 make suitable r,,las
~ regulations {" carry this net into eifcct:
rpyided, that the expenses of preparing. issn-
~. advertising and disppsng al tho honax
nj certificates authorized ID hc issued shall
~ exceed onc-fourth ~ one per cent
&c. = That the Secretary Of the TREASURY Il
ercpy authorized. II IN his opinion II shah be-
'me necessary, 20 use not exceeding x1u0O-
~ the staniar gold and silver z In in the
rta~ury IN the redemption Of the Ave aid ssx-
recent. bonds OF The United states. authorized
- refunded w the provisions ~ This acr.
~ ne MAJ M any time. apply rho surplus
oncy IA the Treasury. not otherwise arpro-
lated Or - much thcreofns hemay consider
pper 70 the purchase or redemption az
niscd states bonds Or certificates; provided
AZ the bonds nni certificates 10 pnrcha~ed
redeemed shall constitute no bart Of The
hiking fund but shaline Cancelled.
nc. y. From and after the first dar III MAY
y. the thrce-pcrccnt. bonds au. ,rlxtd ~
p FIRST section of this net shall be thc only
nds receivable a security FOR National-hank
cuiation. or ~ security for the safc-kcep-
ana prompt payment OF public none, a.
.iieh wi'h such banks; but when my such
nns deposited for the purpose aforesaid
" Re dcsiynafei for purchase or redenp-
= IS the Secretary or the Treasury. tho
king association deposting the same shall
NJ thr right 70 substitute other issues IL
"a "A the United states III lieu thereof:
Siicd, Tint no bond upon which interest
ceasc snail N accepted or shall bc cnntin-
nn deposit a. security for the circulation
'or me safe keeping Of the public money:
N case me bonds ~ deposited shal MI be
hdrawn, a. provide BY law. within thirty
after interest hrs ceased thereon. tho
King association deposiiipg the same shall
'ublect 20 the liabilities ana pro- s.nrs
ne part Of the Comptroller provided for III
s.ett o. the Revised statutes II TIC Tinted
es; and provided. further. that sc. sof
act u June 70. 18TH entitled IAN nct nxlng
amount "a United states notes. providing
y redistribution 81 the National hank cur
~ ana for other purposes" Be. ana the
2 y hereby. repealed. ana Secs. 5.i5a aud
~ the Revised Statutes IL the United
g be, and the same are hereby. rccn-
z. q That this net shall be known as The
ding Act ~ ISL" ana all acts ana parts IL
inconsistent with this net are hereby rc-
"a.