Blackfoot news. (Blackfoot, Idaho) 1891-1902, 1894-05-05
MONEY AND BONDS.
some Timely Figures showing Our Ma
tional Progress.

tional Progress.
Fifty million dollars in treasury
notes, not bearing interest, were issued
under the act of July II, 1861; they |
were made legal tender by the act of
March ~, 1862; and $40, 900, 900 more
were authorized on Feb 12, 1862. The |
first greenback act is that of Feb 25, |
1852. II authorized Sl5O, 900, OGO, which |
were legal tender, and receivable 1.-The !
same as coin, at par value" The sec
ond greenback act dates from July II, |
1862; IL authorized another $50, 900, 600.
legal tender and receivable in all cases
except in payment of customs duties
On Judy II, 1862, postage stamps were
made receivable by government for
sums less than S. On Jan. Il, 1868,
$500, 600 900 of United States notes
were authorized 10 pay the army
and navy; these notes were legal
tenders Four hundred million Of dol
lars Of treasury notes 500, 600, 600 to
be counted as issued under the act of
Jan. II, lsG3-were authorized by sec
tion of the act of March 3, 1868. The
third section of this act was the third
greenback act, authorizing si50,0G0,-
COO more greenbaclSs, and the fourth
I section provided for fractional cur
/ rency, not more in amount than $780,
/ 900, 900. The National bank act of
June 8, 1864, provided for $500, 900, 600
/ in bank notes The act OF June 80,
1864. authorized 5000, 600, 600 treasury
I notes, legal tenders. The act of April
L., 1865. made all treasury notes,
whether interest bearing or not, re-
ceivable by government for any bonds.
4 The act Of July L., So. added $50, 00O,-
/ 900 To the amount of bank notes au-
/ thorized; and the act of June 20, 1874,
fixed the amount at $685., 900, 600. The
sherman act authorized treasury
notes for the purchase Of
silver Bond issues were author
lied as follows. July II, 1861, $780,
1 600, 600 per cent twenty-year bonds,
or treasury notes drawing $40 per
cent for three years, or such notes
without interest. or one-year notes
bearing interest AT B. g. per cent; Feb.
-. leGs. $500. 100000 twenty-year
bonds at per cent: March 3, 1868,
$500. 1000. 900 ten-forty bonds at 6 per
cent this amount 10 include all bonds,
treasury notes and greenbacks au-
thorized by the act that IS 100000,
900 in treasury notes, $50, 600, OoO
greenbacks and $50, 900, 900 fractional
currency, leaving really only $500, 600,
600 in bonds: March 3, 1854, $500, 600,
900 fyc-forty bonds lin lieu of the
same amount authorized by the pre-
ceding act, June 80, 1854, 100000,
600 fye-thirty bonds; March 3
1865. $500. 600. 900 bonds or notes
July II. 1870, and Jan. 20, 1871
$500. 600. 900 tcn.year bonds al pei
cent. $500, 600, 0Oo fifteen-ycar bonds a
lax per cent, and 500. 900, 600 thirty
year bonds az per cent this being
the refunding act OF legal tende
notes, greenbacks, Sl.9O;, 3lG,s9e wer'
issued and s346. Gsl, OLD are still ont
standing: s55.647.50 of the deman'
treasury notes still exist. and abou
S., coo. 600 in fractional currency ar
still out National bank notes to sl6',
POI. 5l7 are IN circulation, and SOS, 25s,
Gaa Of the sherman act notes
All OF the bonds have been rC
deemed except S25. 964, 800 81 th
las per cents Of 1870 $3.50
Go. 200 OF the per cents OF $50, an
sdl,ll0 OF the per cent ''refundin
certificates Of 1879 The ! per cent
d % 1870 are not redeemablc until 100
N the other bonds are redeemabie now