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20-year sixes... 20 years After June 30,6 per cent per Par.. Exchange'ble
for 7.30 notes.
Five-twenties.. 5 or 20 After April 30, 6 por cent.... Par.. $515,000,000 $514, 771, 600 514, 771, 600 00
| years. 1867.
Goldcertificates........ On demand ..... ............ Not specified ...........
Ten-forties.... 10 or 40 After Feb. 23, 5 per cent.... Par.. 200,000,000 196, 117, 300
1 years. 1874
30, 489, 640 00 194, 567, 300 00
Five-twenties..5 or 20 After Ort. 31,6 per cent.... Par..........
1 years. 1869.
Certificates of 1 year.. 1 year after dato 6 per cent.... Par.. Not specified !.
indebtedness. Postal currency...
........ Not specified
Statement of the indebtedness of
Acts authorizing loans, and synopsis of same.
Act of March 3, 1863–
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,
July 2, 1864.
Act of March 2, 1867.
than five dollars, except duties on o . The whole amountissued, includ
ing tage 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.
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
Authorized the issue of $400,000.000 of bonds redeemable at the pleasure of the
fo. after any period not less than five normore than thirty years, or,
f 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
percentum, 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.
Authorizes an issue of treasury notes, not exceeding three years to run, interest
at not over six per cent. per annum, principal and interest payable in lawful
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 ring interest not exceeding
the rate of 73-10 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 to
the same extent as United States notes, for their face value, excluding inter.
est, 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
eem and cause to be cancelled and destroyed any treasury notes or United
States notes heretofore issued under author’ty 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.
Whole amount may be issued in bonds, or treasury notes, at the discretion of
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 lay be made redeemable at the pleasure of the government, at or after
any o 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 expedicht. 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 dis of any descrip-
tion of bonds authorized by said act, efther 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
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
For the p 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
- Statement of the indebtedness of
Act of March 2, 1867–
Act of July 25, 1868...
Act of July 23, 1868...
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, prin-
cipal and interest payable in lawful money on demand; and said certificates
o .. loan may constitute and be held by any national bank holding
or o g the same, as a part of the reserve provided for in sections thirty-
one and thirty-two of the act entitled “An act to provide anational currency
secured by a pledge of United States bonds, and to H.". for the circulation
and redemption thereof." approved June three, eighteen hundred and sixty-
our: , That not less than two-fifths of the entire reserve of such
bankshall consist of lawful money of the United States: And provided further, |
That the amount of such o certificates at any time outstanding
shall not exceed fifty millions of dollars.
States moiety of proceeds of prizes..................................--
. -five millions additional.
3 per ct. certif's ........ On demand .... 3 per cent. ... Par.. $75,000,000 $84, 605, 000 $52, 120, 000 00
Indefi- Indefinito...... 3 per cont.... Par.. Indefinito. ..14,000,000