No. 17.- MARCH 3, 1849. CHAP. C.- An Act making Appropriations for the Civil and Diplomatic Expenses of Stat. at Large, the Government for the Year ending the thirtieth of June, eighteen hundred and fifty, and Vol. IX. p. 354. for other Purposes. Repeal of pro purchase of SEC. 3. That the proviso to the nineteenth section of the act of the twenty-eighth of January, eighteen hundred and forty-seven, entitled viso limiting the "An act authorizing the issue of treasury notes, a loan, and for other stocks by treaspurposes," be, and the same is hereby, repealed. ury department, 1847, ch. 5. Stat. at Large, Vol. XI. p. 257. Issue of not nominations of $100 each. 1859, ch. 82, § 5. How, when, where, and to deemed. Be it enacted, &c. That the President of the United States is hereby authorized to cause treasury notes for such sum or sums as the exigencies over $ 20,000,000 of the public service may require, but not to exceed, at any time, the authorized in deamount of twenty millions of dollars, and of denominations not less than not less than one hundred dollars for any such note, to be prepared, signed, and issued in the manner hereinafter provided. SEC. 2. That such treasury notes shall be paid and redeemed by the United States at the treasury thereof after the expiration of one year whom issued, from the dates of said notes, from which dates, until they shall be re- paid and respectively paid and redeemed, they shall bear such rate of interest as shall be expressed in said notes, which rate of interest upon the first is- First issue not sue, which shall not exceed six millions of dollars of such notes, shall be to exceed $6,000,000. fixed by the Secretary of the Treasury, with the approbation of the President, but shall in no case exceed the rate of six per centum per annum. Rate of interThe residue shall be issued, in whole or in part, after public advertise- est not over 6 ment of not less than thirty days, as the Secretary of the Treasury may Residue, how direct, by exchanging them at their par value for specie to the bidder or issued. bidders who shall agree to make such exchange at the lowest rate of interest, not exceeding six per centum, upon the said notes: Provided, That, after the maturity of any of said notes, interest thereon shall cease at the expiration of sixty days' notice of readiness to pay and redeem the same, to cease. which may at any time or times be given by the Secretary of the Treasury, in one or more newspapers published at the seat of government. The payment or redemption of said notes herein provided shall be made to the lawful holders thereof, respectively, upon presentment at the treasury, and shall include the principal of each note and the interest which shall be due thereon. And for such payment and redemption, at the time or times herein specified, the faith of the United States is hereby solemnly pledged. per cent. Proviso. Interest, when Faith of the United States pledged for their redemption. Form and sig Separate accounts of each SEC. 3. That such treasury notes shall be prepared under the direction of the Secretary of the Treasury, and shall be signed, in behalf of the natures. United States, by the treasurer thereof, and countersigned by the register of the treasury. Each of these officers shall keep, in a book or books provided for that purpose, separate, full, and accurate accounts, showing note to be kept the number, date, amount, and rate of interest of each treasury note by the treasurer signed and countersigned by them, respectively; and also, similar accounts and by the regisshowing all such notes as may be paid, redeemed, and cancelled, as the same may be returned; all which accounts shall be carefully preserved Accounts of in the Treasury Department. And the treasurer shall account quarterly cancelled to be notes paid and for all such treasury notes as shall have been countersigned by the regis- preserved. ter, and delivered to the treasurer for issue. ter. Treasurer to account quar SEC. 4. That the Secretary of the Treasury is hereby authorized, with terly. the approbation of the President, to cause such portion of said treasury To be issued notes as may be deemed expedient to be issued by the treasurer in pay- public creditors, in payment of ment of warrants in favor of public creditors, or other persons lawfully or for loans. entitled to such payment, who may choose to receive such notes in pay Proviso. ment at par. And the Secretary of the Treasury is further authorized, with the approbation of the President, to borrow, from time to time, such sums of money upon the credit of such notes as the President may deem expedient: Provided, That no treasury notes shall be pledged, hypothecated, sold, or disposed of in any way for any purpose whatever, either directly or indirectly, for any sum less than the amount of such notes, inpal and interest. cluding the principal and interest thereof. Not to be dis posed of for less than the princi Transferable SEC. 5. That said treasury notes shall be transferable, by assignment by indorsement indorsed thereon by the person to whose order the same shall be made and delivery. payable, accompanied together with the delivery of the notes so assigned. To be received by public offi cers for all dues to the United States. Receipt to be taken and entries made and al SEC. 6. That said treasury notes shall be received by the proper officers in payment of all duties and taxes laid by the authority of the United States, of all public lands sold by said authority, and of all debts to the United States of any character whatever, which may be due and payable at the time when said treasury notes may be offered in payment thereof; and upon every such payment credit shall be given for the amount of principal and interest due on the note or notes received in payment, on the day when the same shall have been received by such officer. SEC. 7. That every collector of the customs, receiver of public moneys, or other officer or agent of the United States who shall receive any lowed according- treasury note or notes in payment on account of the United States, shall ly to officers. take from the holder of such note or notes a receipt, upon the back of each, stating distinctly the date of such payment and the amount allowed upon such note; and every such officer or agent shall keep regular and specific entries of all treasury notes received in payment, showing the person from whom received, the number, date, and amount of principal and interest allowed on each and every treasury note received in payment; which entries shall be delivered to the treasury, with the treasury note or notes mentioned therein, and, if found correct, such officer or agent shall receive credit for the amount, as provided in the last section of this act. Secretary of Treasury to is sue instructions, &c. to officers. Payment and purchase. SEC. 8. That the Secretary of the Treasury be, and he hereby is, authorized to make and issue, from time to time, such instructions, rules, and regulations to the several collectors, receivers, depositaries, and all others who may be required to receive such treasury notes in behalf of, and as agents in any capacity for, the United States, as to the custody, disposal, cancelling, and return of any such notes as may be paid to and received by them, respectively, and as to the accounts and returns to be made to the Treasury Department of such receipts as he shall deem best calculated to promote the public convenience and security, and to protect the United States, as well as individuals, from fraud and loss. for SEC. 9. That the Secretary of the Treasury be, and he hereby is, authorized and directed to cause to be paid the principal and interest of such treasury notes, as may be issued under this act, at the time and times when, according to its provisions, the same should be paid. And the said secretary is further authorized to purchase said notes at par the amount of principal and interest due at the time of the purchase on Appropriation such notes. And so much of any unappropriated money in the treasury as may be necessary for the purpose is hereby appropriated to the payment of the principal and interest of said notes. therefor. May be issued in place of those redeemed. Total out standing at no time to exceed $20,000,000. Not to be is sued after Jan. 1, 1859. Post, 1859, ch. 82, § 5. SEC. 10. That, in place of such treasury notes as may have been paid and redeemed, other treasury notes to the same amount may be issued: Provided, That the aggregate sum outstanding, under the authority of this act, shall at no time exceed twenty millions of dollars: And provided, further, That the power to issue and reissue treasury notes, conferred on the President of the United States by this act, shall cease and determine on the first day of January, eighteen hundred and fifty-nine. SEC. 11. That, to defray the expenses of engraving, printing, preparing, and issuing the treasury notes herein authorized, the sum of twenty thousand dollars is hereby appropriated, to be paid out of any unappropriated money in the treasury: Provided, That no compensation shall be made to any officer whose salary is fixed by law, for preparing, signing, ried officer thereor issuing treasury notes. No compensation to any sala for. forged notes, SEC. 12. That if any person shall falsely make, forge, or counter- The forging, &c. thereof, or feit, or cause or procure to be falsely made, forged, or counterfeited, or the passing, &c. willingly aid or assist in falsely making, forging, or counterfeiting, any or the attemptnote in imitation of, or purporting to be, a treasury note, issued as afore- ing to pass, &c. said, or shall pass, utter, or publish, or attempt to pass, utter, or publish, made a felony. as true, any false, forged, or counterfeited note, purporting to be a treasury note as aforesaid, knowing the same to be falsely made, forged, or counterfeited, or shall falsely alter, or cause or procure to be falsely altered, or willingly aid or assist in falsely altering, any treasury note issued as aforesaid, or shall pass, utter, or publish, or attempt to pass, utter, or publish as true, any falsely altered treasury note, issued as aforesaid, knowing the same to be falsely altered, every such person shall be deemed and adjudged guilty of felony; and being thereof convicted by due course of law, shall be sentenced to be imprisoned and kept at hard labor for a period not less than three years, nor more than ten years, and to be fined in a sum not exceeding five thousand dollars. Penalty. The engraving SEC. 13. That if any person shall make or engrave, or cause or pro- or possession, cure to be made or engraved, or shall have in his custody and possession &c. of an enany metallic plate engraved after the similitude of any plate from which graved plate, or any notes issued as aforesaid shall have been printed, with intent to use blank notes, or such plate, or cause or suffer the same to be used in forging or counterfeit- paper for making such notes, any the possession of onment. ing of the notes issued as aforesaid, or shall have in his custody or pos- with intent, &c. session any blank note or notes engraved and printed after the similitude punishable by of any notes issued as aforesaid, with intent to use such blanks, or cause fine and imprisor suffer the same to be used in forging or counterfeiting any of the notes issued as aforesaid, or shall have in his custody or possession any paper adapted to the making of such notes, and similar to the paper upon which any such notes shall have been issued, with intent to use such paper, or cause or suffer the same to be used, in forging or counterfeiting any of the notes issued as aforesaid, every such person, being thereof convicted by due course of law, shall be sentenced to be imprisoned and kept to hard labor for a term not less than three nor more than ten years, and fined in a sum not exceeding five thousand dollars. ment of notes is SEC. 14. That it shall be the duty of the Secretary of the Treasury Monthly stateto cause a statement to be published monthly of the amount of treasury sued, paid, and notes issued, and paid and redeemed, under the provisions of this act, redeemed, to be showing the balance outstanding each month. published. No. 19. JUNE 14, 1858. CHAP. CLXV. - An Act to authorize a Loan not exceeding the Sum of Twenty Millions of Dollars. Stat. at Large, Vol. XI. p. 365. President row not over time after fifteen Be it enacted, &c. That the President of the United States be, and 1859, ch. 82, § 6. hereby is, authorized, at any time within twelve months from the passage within twelve of this act, to borrow, on the credit of the United States, a sum not exmonths may borceeding twenty millions of dollars, or so much thereof as, in his opinion, $20,000,000, the exigencies of the public service may require; to be applied to the payable at any payment of appropriations made by law, in addition to the money re- years from Jan. ceived, or which may be received, into the treasury from other sources: 1, 1859. Provided, That no stipulation or contract shall be made to prevent the Proviso. United States from reimbursing any sum borrowed under the authority of this act at any time after the expiration of fifteen years from the first day of January next. Stock issued therefor shall bear not over five per cent interest, payable semi-annually, with coupons. Certificates, how prepared and signed, and amount of. Post, p. 775. Loan to be advertised. Notice. Proposals to be opened. SEC. 2. That stock shall be issued for the amount so borrowed, bearing interest not exceeding five per centum per annum, payable semi-annually, with coupons for the semi-annual interest attached to the certificates of stock thus created, and the Secretary of the Treasury be, and hereby is, authorized, with the consent of the President, to cause certificates of stock to be prepared, which shall be signed by the register, and sealed with the seal of the Treasury Department, for the amount so borrowed, in favor of the parties lending the same, or their assigns: Provided, That no certificate shall be issued for a less sum than one thousand dollars. SEC. 3. That, before awarding said loan, the Secretary of the Treasury shall cause to be inserted in two of the public newspapers of the city of Washington, and in one or more public newspapers in other cities of the United States, public notice that sealed proposals for such loan will be received until a certain day to be specified in such notice, not less than thirty days from its first insertion in a Washington newspaper; and such notice shall state the amount of the loan, at what periods the money shall be paid, if by instalments, and at what places. Such sealed proposals shall be opened on the day appointed in the notice, in the presence of such persons as may choose to attend, and the proposals decided on by the Secretary of the Treasury, who shall accept the most favorable proposals offered by responsible bidders for said stock. And the said Secretary shall report to Congress, at the commencement of the next session, the mencement of its amount of money borrowed under this act, and of whom, and on what terms, it shall have been obtained; with an abstract or brief statement of all the proposals submitted for the same, distinguishing between those accepted and those rejected, with a detailed statement of the expense of making such loans: Provided, That no stock shall be disposed of at less be disposed of at than its par value. Secretary to report to Con gress at com next session amount borrowed, &c. Stock not to less than par. of stock. Authority to issue and reissue treasury notes under act 1857, ch. 1, extended to July 1, 1860. Expenses thereof. SEC. 4. That the faith of the United States is hereby pledged for the due payment of the interest and the redemption of the principal of said stock. SEC. 5. That, to defray the expense of engraving and printing certificates of such stock, and other expenses incident to the execution of this act, the sum of five thousand dollars is hereby appropriated: Provided, That no compensation shall be allowed for any service performed under this act to any officer whose salary is established by law. No. 20. MARCH 3, 1859. Stat. at Large, CHAP. LXXXII. · An Act making Appropriations for Sundry Civil Expenses of the Vol. XI. p. 425. Government for the Year ending the thirtieth of June, eighteen hundred and sixty. SEC. 5. That the power to issue and reissue treasury notes, conferred on the President of the United States, by the act entitled "An act to authorize the issue of treasury notes," approved the twenty-third December, eighteen hundred and fifty-seven, be, and the same hereby is, revived and continued in force from the passage of this act until the first day of July, eighteen hundred and sixty; and to defray the expenses thereof the sum of five thousand dollars is hereby appropriated: Provided, That the said notes may be issued bearing an interest not exceeding six per centum per annum; and that it shall not be necessary, as directed by the original act aforesaid, after advertisement to exchange them for specie to the bidder or bidders who shall agree to make such exchange at the lowest rate of interest upon said notes; and that in all other respects the reissue of said treasury notes shall be subject to the terms and conditions of the act aforesaid. Proviso. Coupon or registered stock may be issued. Ante, p. 773. SEC. 6. That the Secretary of the Treasury is hereby authorized, under the act of June fourteenth, eighteen hundred and fifty-eight, to issue coupon or registered stock, as the purchaser may elect. No. 21.— June 22, 1860. CHAP. CLXXX. · ·An Act authorizing a Loan and providing for the Redemption of Stat. at Large, Be it enacted, &c. That the President of the United States be, and hereby is, authorized, at any time within twelve months from the passage of this act, to borrow, on the credit of the United States, a sum not exceeding twenty-one millions of dollars, or so much thereof as, in his opinion, the exigencies of the public service may require, to be used in the redemption of treasury notes now outstanding, and to replace in the treasury any amount of said notes which shall have been paid and received for public dues, and for no other purposes. $21,000,000 may be borrowed to redeem treasury notes, &c. Stock to be is of not over six Certificates. Assignment be advertised for. SEC. 2. That stock shall be issued for the amount so borrowed, bearing interest not exceeding six per centum per annum, and to be reim- sued at interest bursed within a period not beyond twenty years, and not less than ten per cent. years; and the Secretary of the Treasury be, and is hereby authorized, with the consent of the President, to cause certificates of stock to be prepared, which shall be signed by the register, and sealed with the seal of the Treasury Department, for the amount so borrowed, in favor of the parties lending the same, or their assigns, which certificates may be transferred on the books of the treasury, under such regulations as may be established by the Secretary of the Treasury: Provided, That no certifi- To be in sums cate shall be issued for a less sum than one thousand dollars; And of not less than pro- $1,000. vided, also, That, whenever required, the Secretary of the Treasury may With coupons cause coupons of semi-annual interest payable thereon to be attached to when required. certificates issued under this act; and any certificate with such coupons thereof. of interest attached may be assigned and transferred by delivery of the same, instead of being transferred on the books of the treasury. SEC. 3. That, before awarding said loan, the Secretary of the Treas- Proposals to ury shall cause to be inserted in two of the public newspapers of the city of Washington, and in one or more public newspapers in other cities of the United States, public notice that sealed proposals for such loan will be received until a certain day, to be specified in such notice, not less than thirty days from its first insertion in a Washington newspaper; and such notice shall state the amount of the loan, at what periods the money shall be paid, if by instalments, and at what places. Such sealed proposals shall be opened on the day appointed in the notice, in the presence of such persons as may choose to attend, and the proposals decided by the Secretary of the Treasury, who shall accept the most favorable offered by responsible bidders for said stock. And the said Secretary shall report to Congress, at the commencement of the next session, the amount gress. of money borrowed under this act, and of whom, and on what terms, it shall have been obtained, with an abstract or brief statement of all the proposals submitted for the same, distinguishing between those accepted and those rejected, with a detailed statement of the expense of making such loans: And provided, That no stock shall be disposed of at less than its par value; and the sum of five thousand dollars is hereby appropri- less than par. ated, out of any money in the treasury not otherwise appropriated, to pay for engraving and printing the certificates, and other expenses of exe- Appropriation cuting this act; but no additional compensation shall be allowed to any der this act. for expenses unperson receiving a salary by law. When to be opened, and what bids accepted. Report to Con Stock not to be disposed of at SEC. 4. That the faith of the United States is hereby pledged for the Faith of the due payment of the interest and the redemption of the principal of said United States stock. *See act of Feb. 8, 1861, § 5; post, p. 779. pledged. |