Notes of the U.S., etc., from 1841 to the Present Time. $64,768 68 Loan of 1842 20 years After Dec. 6 % per Par. $17,000,000 $8,000,000 31, 1862. annum. Loan of 1847 20 years After Dec. 6 % per Par. 23,000,000 28,207,000 7,160,200 00 31, 1867. annum. Loan of 1848 20 years After July 6 % per Par. 16,000,000 16,000,000 8,020,941 80 1, 1868. annum. Texas in- 15 years After Dec. 5 % per Par. 10,000,000 Loan of 1858 15 years Dec. 31, '73 5% per Par. 20,000,000 20,000,000 20,000,000 00 Acts Authorizing Loans, and Synopsis of same. Act of Feb. 8, 1861... Authorized a loan of $25,000,000, bearing interest at a rate not exceeding 6 per cent. per annum, and reimbursable within a period not beyond twenty years, nor less than ten years. This loan was made for the payment of the current expenses, and was to be awarded to the most favorable bidders. Act of March 2, 1861. Authorized a loan of $10,000,000, bearing interest at a rate not exceeding 6 per cent. per annum, and reimbursable after the expiration of ten years from July 1, 1861. In case proposals for the loan were not acceptable, authority was given to issue the whole amount in Treasury notes, bearing interest at a rate not exceeding 6 per cent. per annum. Authority was also given to substitute Treasury notes for the whole or any part of the loans for which the Secretary was by law authorized to contract and issue bonds at the time of the passage of this act, and such Treasury notes were to be made receivable in payment of all public dues, and redeemable at any time within two years from March 2, 1861. Acts of July 17, 1861, and August 5, 1861. Act of March 2, 1861. Authorized an issue, should the Secretary of the Treasury deem it expedient, of $2,800,000, in coupon bonds, bearing interest at the rate of 6 per cent. per annum, and redeemable in twenty years, for the payment of expenses incurred by the Territories of Washington and Oregon in the suppression of Indian hostilities during the years 1855 and 1856. Authorized a loan of $250,000,000, for which could be issued bonds bearing interest at a rate not exceeding 7 per cent. per annum, irredeemable for twenty years, and after that redeemable at the pleasure of the United States; Treasury notes bearing interest at the rate of 7.30 per cent. per annum, payable three years after date, and U. S. notes, without interest, payable on demand, to the extent of $50,000,000 (increased by act of Feb. 12, 1862, to $60,000,000), to bonds and Treasury notes, to be issued in such proportions of each as the Secretary may deem advisable. The supplementary act of Aug. 5, 1861, authorized an issue of bonds, bearing 6 per cent. interest per annum, and payable at the pleasure of the United States after twenty years from date, which may be issued in exchange for 7.30 Treasury notes, but no such bonds to be issued for a less sum than $500; and the whole amount of such bonds not to exceed the whole amount of 7.30 Treasury notes issued. Act of Feb. 25, 1862.. Authorized the issue of $500,000,000, in 6 per cent. bonds redeemable after five years, and payable twenty year from date, which may be exchanged for United State notes. Also on March 3, 1864. Authorized the issue of not over $11,000,000 additional o similar bonds, to meet subscriptions already made an paid for. June 30, 1864.......... Act of July 11, 1862.. Resolution of Congress, January 17, 1863. On hand, unsold in the United States or Europe.............. Authorized the issue of $100,000,000, in United States notes Acts Authorizing Loans, and Synopsis of same. Act of March 3, 1863. A further issue of $150,000,000, in United States notes, for the purpose of converting the Treasury notes which may be issued under this act, and for no other purpose. And a further issue, if necessary, for the payment of the army and navy, and other creditors of the Government, of $150,000,000, in United States notes, which amount includes the $100,000,000 authorized by the joint resolution of Congress, Jan. 17, 1863. Act of April 12, 1866. Provided, That of United States notes not more than ten millions of dollars may be retired and canceled within six months from the passage of this act, and thereafter not more than four millions of dollars in any one month: And provided further, That the act to which this is an amendment shall continue in full force in all its provisions, except as modified by this act. Act of Feb. 25, 1862.. Authorized a temporary loan of $25,000,000, in United States notes, for not less than thirty days, payable after ten days' notice, at 5 per cent. interest per annum. (This was increased to $100,000,000 by the following acts.) Authorized an increase of temporary loans of $25,000,000, bearing interest at a rate not exceeding 5 per cent. per March 17, 1862......... July 11, 1862 ............ Act of March 3, 1863. Act of June 30, 1864.. annum. annum. Authorized a further increase of temporary loans of $50,000,000, making the whole amount authorized $100,000,000. Authorized the increase of temporary loans to not exceed. ing $150,000,000, at a rate not exceeding 6 per cent. per Authorized a loan of $300,000,000 for this and $600,000,000 for the next fiscal year, for which could be issued bonds running not less than ten, nor more than forty years, principal and interest payable in coin, bearing interest at a rate not exceeding 6 per cent. per annum, payable in bonds not exceeding $100 annually, and on all others semi-annually, the whole amount of bonds, Treasury notes, and United States notes issued under this act not to exceed the sum of 900,000,000. And so much of this act as limits the loan to the current fiscal year is repealed 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 of bonds already advertised. Act of March 3, 1863. And Treasury notes to the amount of $400 000,000, not ex Act of March 3, 1864. Act of March 1, 1862. Act of March 3, 1863. ceeding three years to run, with interest at not over 6 per cent. per annum, principal and interest payable in lawful money, which may be made a legal-tender for their face value, excluding interest, or convertible into United States notes. Secretary may receive gold on deposit, and issue certificates therefor, in sums not less than twenty dollars. Authorizes the issue of bonds not exceeding $200,000,000, bearing date March 1, 1864, or any subsequent period, redeemable at the pleasure of the Government after any period not less than five years, and payable at any period not more than forty years from date, in coin, bearing interest not exceeding 6 per cent. yearly, payable on bonds not over $100 annually, and on all other bonds semiannually, in coin. Authorized an issue of certificates of indebtedness, payable Payable in lawful currency on those issued after that date. |