STATEMENT OF THE INDEBTEDNESS OF THE THE UNITED STATES, JUNE 30, 1867.-(Continued.)
Authorized a loan of $300,000,000 for this, and $600,000,000 for the next fiscal year, for not less than ten, nor more than forty years, principal and interest payable in coin. So much of this act as limits loan to current fiscal year is re-Loan of 1863. pealed by act of June 30, 1864, which also repeals the authority to borrow money conferred by section 1, except so far as it may affect $75.000,000 f bonds already advertised. March 3, 63. And Treasury notes to the amount of $400,000,000 not exceeding three years to run, interest not over 6 per cent. principal an interest payable in lawful money, which may be made a legal tender for their face valu, excluding interest, or convertible into United States notes. Secretary may receive gold on deposit and issue certificates therefor, inj sums not less than twenty dollars.
March 3, '64 Authorizes issue of bonds not exceeding $200,000,000, bear
ing date March 1, 1864, or any subsequent period. redeem-
able at pleasure of Government after any period not less
than five years, and payable at my period not more than
forty years from date, in coin, interest not exceeding 6 per
cent., payable en bon's not over one hundred dollars annu-
ally, and on all other bonds semi-annually, in coin.
March 1, '62 Authorized an issue of certificates of indebtedness, payable
one year from date, in settlement of audited claims against
the Government. Interest 6 per cent., payable in gold;
and by
Payable in lawful currency on those issued after that date.
Amount of issue not specified.
Authorized an issue of notes of the fractional parts of one Postal currency
dollar, receivable in payment of all dues, except customs,
less than five dollars, and exchangeable for United States
notes in sums not less than five dol ars. Amount of issue
not specified.
March 3, '63 Authorized an issue not exceeding $50,000,000 in fractional
currency, (in lieu of postage or other stamps.) exchange-
able for U. S. notes in sums not less than three dollars, and
receivable for any dues to the United States less than five
dollars, except duties on imports. Authority given to pre-
pare it in the Treasury Department.
June 30, '64 Authorized issue in lieu of issue under acts of July 17, 1862,|
and March 3, 1863, the whole under all acts not to exceed
$50,000,000
June 30, '64 Authorized the issue of $400,000,000 of bonds redeemable at Five-twenties.. [5 or 20 Oct. 31, 18696 p. c pleasure after not less than five nor more than thirty years, or, if deemed expedient, made payable at any period not more than forty years from date. Said bonds shall bear interest not exceeding 6 per centum, payable semi-annually]
Treas'y notes 3 years. 3 years after 6 com Substitute 177,045,770 122,394,180_00
![[graphic]](https://books.google.si/books/content?id=jgkdAAAAIAAJ&hl=sl&output=html_text&pg=PT45&img=1&zoom=3&q=acres&cds=1&sig=ACfU3U0S7tPCh8f-sK3Zlw2N8AKjZkDmLQ&edge=0&edge=stretch&ci=101,273,782,1146)
Authorizes an issue of Treasury notes, not exceeding three Treas'y notes 3 years. 13 years after 6 com years to run, interest not over 6 per cent., principal and interest payable in lawful money. Also, authorizes the issue of and in lieu of an equal amount of bonds authorized by the first section, and as a part of said loan, not exceeding $200.000,000 in Treasury notes of any denomination not less than $10, payable at any time not exceeding three years from date, or, if thought more expedient, redeemable at any time after three years from date, and bearing interest not exceeding the rate of 7 3-10 per centum, payable in lawful money! at maturity, or, at the discretion of the Secretary, semiannually; and such of them as shall be made payable, principal and interest, at maturity, shall be a legal tender to the same extent as United States notes, for their face value, ex-1 cluding interest, and may be paid to any creditor of thej
STATEMENT OF THE INDEBTEDNESS OF THE UNITED STATES-(Continued.)
April 12, '66 Authorizes the Secretary of the Treasury, at his discretion, to
amendment receive any Treasury notes or other obligations issued under
to act of
any act of Congress, whether bearing interest or Lot, in ex-
Ma. 3, '65 change for any description of bonus authorized by the act to
which this is an amendment; and also to dispose of any de-
scription of bonds authorized by said act, either in the Uni-
ted States or elsewhere, to such an amount, in such manner.
and at such rates as he may think advisable, for lawful
money of the United States, or for any Treasury notes, cer-
tificates of indebtedness, or certificates of deposit, or other
representatives of value, which have been or which may bej
issued under any act of Congress, the proceeds thereof to
be used only for retiring Treasury notes or ther obligations
issued under any act of Congres; but nothing herein con-
tained shall be construed to authorize any increase of the
public debt.
July 1,'62 &
July 2, '64
March 2, '67
Bonds issued to the Union Pacific Railroad Company in ac-Union Pacific R 80 years Jan. 15, 1895 6 p. c.
cordance with these acts.
For the urpose of redeeming and re iring any compound in-
terest notes outstanding, the Secretary of the Treasury is
authorized and directed to issue temporary loan certificates
in the manner prescribed by section four of the act entitled
"An act to authorize the issue of United States notes and
for the redemption or funding thereof, and for funding the
floating debt of the United States," approved February
tw nth-fifth, eighteen hundred and sixty-two, bearing inter-
est at a rate not exceeding three per centum per annum,|
principal and interest payable in lawful money on demand;
and said certificates of emporary loan may constitute and
be held by any National bank holding or owning the same,
as a part of the reserve provided for in sections thirty-one
and thirty-two of the act entitled "An act to p ovide a na-
tiona currency secured by a pledge of United States bonds,
and to provide for the circulation and redemption thereof,"
approved June three, eig: teen hundred and sixty-four:]
Provided, That not less han two-fifths of the entire reserve
of such tank shall consist of lawful money of the United
States: And provided further, That the amount of such
temporary certificates at any time outstanding shall not ex-
ceed fifty millions of dollars.
|