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20-year sixes... 20 years After June 30, 6 per cent. per Par.. Exchange'ble

1881.

annum.

$34,900 00

for 7.30 notes.

Five-twenties..5 or 20 After April 30, 6 per cent.... Par.. $515, 000, 000 $514, 771, 600 514, 771, 600 00 years. 1867.

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Certificates of 1 year.. 1 year after date 6 per cent.... Par.. Not specified

indebtedness.

Postal currency

3,882, 500 00

12, 000 00

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Statement of the indebtedness of

Acts authorizing loans, and synopsis of same.

Act of March 3, 1863—
Continued.

than five dollars, except duties on imports. The whole amount issued, including postage and other stamps issued as currency, not to exceed $50,000,000. Authority was given to prepare it in the Treasury Department, under the supervision of the Secretary. Act of June 30, 1864.. Authorized issue in lieu of the issue under acts of July 17, 1862, and March 3, 1863, the whole amount outstanding under all these acts not to exceed $50,000,000. Act of June 30, 1864.. Authorized the issue of $400.000.000 of bonds redeemable at the pleasure of the government after any period 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. And said bonds shall bear an annual interest not exceeding six per centum, payable semi-annually in coin. And the Secretary of the Treasury may dispose of such bonds, or any part thereof, and of any bonds commonly known as five-twenties, remaining unsold, on such terms as he may deem most advisable, for lawful money of the United States, or, at his discretion, for treasury notes, certificates of indebtedness, or certificates of deposit, issued under any act of Congress.

money.

Act of March 3, 1863.. Authorizes an issue of treasury notes. not exceeding three years to ran, interest at not over six per cent. per annum, principal and interest payable in lawful Act of June 30, 1864.. 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 annum, payable in lawful money at maturity, or, at the discretion of the Secretary, semi-annually; and such of them as shall be made payable, principal and interest, at maturity, shall be a legal-tender tothe same extent as United States notes, for their face value, excluding interest, and may be paid to any creditor of the United States, at their face value, excluding interest, or to any creditor willing to receive them at par, including interest; and any treasury notes issued under the authority of this act may be made convertible, at the discretion of the Secretary of the Treasury, into any bonds issued under the authority of this act, and the Secretary may redeem and cause to be cancelled and destroyed any treasury notes or United States notes heretofore issued under authority of previous acts of Congress, and substitute in lieu thereof an equal amount of treasury notes, such as are authorized by this act, or of other United States notes; nor shall any treasury note bearing interest issued under this act be a legal-tender in payment or redemption of any notes issued by any bank, banking association, or banker, calculated or intended to circulate as money.

Act of Jan. 28, 1865...
Act of March 3, 1865..

Act of April 12, 1866, amendment to act of March 3, 1865.

Acts of July 1, 1862, and July 2, 1864. Act of March 2, 1867..

Whole amount may be issued in bonds, or treasury notes, at the discretion of
the Secretary.
Authorized an issue of $600,000,000 in bonds or treasury notes; bonds may be
made payable at any period not more than forty years from the date of issue,
or may be made redeemable at the pleasure of the government, at or after
any period not less than five years nor more than forty years from date, or
may be made redeemable and payable as aforesaid, as may be expressed upon
their face, and so much thereof as may be issued in treasury notes may be
made convertible into any bonds authorized by this act, and be of such
denominations not less than fifty dollars, and bear such dates, and be made
redeemable or payable at such periods as the Secretary of the Treasury may
deem expedient. The interest on the bonds payable semi-annually, or
annually, or at maturity thereof; and the principal or interest, or both, be
made payable in coin or other lawful money; if in coin, not to exceed 6 per
cent. per annum; when not payable in coin, not to exceed 73-10 per cent.
per annum. Rate and character to be expressed on bonds or treasury notes.
Authorizes the Secretary of the Treasury, at his discretion, to receive any
treasury notes or other obligations issued under any act of Congress, whether
bearing interest or not, in exchange for any description of bonds authorized
by the act to which this is an amendment; and also to dispose of any descrip-
tion of bonds authorized by said act, either in the United States or elsewhere,
to such an amount, in such a manner, and at such rates as he may think
advisable, for lawful money of the United States, or for any treasury notes,
certificates of indebtedness, or certificates of deposit, or other representa-
tives of value, which have been or which may be issued under any act of
Congress, the proceeds thereof to be used only for retiring treasury notes or
other obligations issued under any act of Congress; but nothing herein con.
tained shall be construed to authorize any increase of the public debt.
Bonds issued to the Pacific railroad companies in accordance with these
acts.
For the purpose of redeeming and retiring any compound interest notes out-
standing, the Secretary of the Treasury is authorized and directed to issue
temporary loan certificates in the manner prescribed by section four of the

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Statement of the indebtedness of

Acts authorizing loans, and synopsis of same.

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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 twenty-fifth, eighteen hundred and sixty. two, bearing interest at a rate not exceeding 3 per centum per annum, principal and interest payable in lawful money on demand; and said certificates of temporary 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 thirtyone and thirty-two of the act entitled "An act to provide a national currency secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof," approved June three, eighteen hundred and sixtyfour: Provided, That not less than two-fifths of the entire reserve of such bank 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 exceed fifty millions of dollars. Twenty-five millions additional.

United States moiety of proceeds of prizes.....

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Navy pension Indefi- Indefinite.... 3 per cent.... Par.. Indefinite... 14, 000, 000

fund.

nite.

14, 000, 000 00

2,656,603,955 73

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