Notes of the U. S., etc., from 1841 to the Present Time.

Loan of 1842 20 years After Dec. 6% per Par. $17,000,000 $8,000,000 31, 1862. annum.

$64,768 68

Loan of 1847 20 years After Dec. 6% per Par. 31, 1867. annum.

23,000,000 28,207,000 7,160,200 00

Loan of 1848 20 years After July 6% per Par. 16,000,000 16,000,000 8,020,941 80 1, 1858. annum.

Acts Authorizing Loans, and Synopsis of same.

Act of Feb. 8, 1861...

Act of March 2, 1861.

Act of March 2, 1861.

Acts of July 17, 1861, and August 5, 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.
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 froin 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 per cent. per
annum. Authority was also given to substitute Treas-
ury 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 pay-
ment of all public dues, and redeemable at any time within
two years from 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 redeem-
able in twenty years, for the payment of expenses in-
curred 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; Treas-
ury 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 propor-
tions 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.........
January 28, 1865....
Act of Feb. 25, 1862..

Act of July 11, 1862..

Resolution of Congress, January 17, 1863.

On hand, unsold in the United States or Europe................
Authorized the issue of $150,000,000, in legal-tender U. S
notes; $50,000,000 of which to be in lieu of demand notes
issued under act of July 17, 1861.
Authorized an additional issue of $150,000,000, in legal
tender notes; $35,000,000 of which might be in denom
inations less than five dollars: $50,000,000 of this issu
to be reserved to pay temporary loans promptly in case
of emergency.
Authorized the issue of $100,000,000, in United States notes
for the immediate payment of the army and navy
such notes to be a part of the amount provided for in
any bill that may hereafter be passed by this Congress
(The amount in this resolution is included in the act of
March 3, 1863.) (Continued on p. 322.)

Title.

Loan of Feb. 8, 1861.

Length
When Rate of
of Loan. redeemable. interest.

Price of

emission.

Amount
Authorized.

Amount
issued. Outstanding.

Amount

20 years After June 6 % per Par. $25,000,000 $18,415,000 $18,415,000 00 1, 1881.

annum

Five- 5 or 20 After Ap'16% per Par. 515,000,000 514,780,500 514,780,500 00 twenties. years. 30, 1867. annum

U. States notes, new issue.

None. Par. 450,000,000

371,783,597 00

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..

March 17, 1862.........

July 11, 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

annum.

Authorized a further increase of temporary loans of $50,000,000, making the whole amount authorized $100,000,000. Act of June 30, 1864.. Authorized the increase of temporary loans to not exceeding $150,000,000, at a rate not exceeding 6 per cent. per

annum.

Act of March 3, 1863. 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 June 30, 1864..

Act of March 3, 1863. And Treasury notes to the amount of $400 000,000, not ex

Act of March 3, 1864.

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.

Act of March 1, 1862. Authorized an issue of certificates of indebtedness, payable one year from date, in settlement of audited claims against the Government. Interest 6 per cent. per annum, payable in gold; and by

Act of March 3, 1863.

Act of July 17, 1862..

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
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 dollars. Amount of issue
not specified.

Ten-for- 10 or 40 Afr Feb. 5 % per Par. 200,000,000 172,770,100 171,409,350 00 ties.

years. 28, 1874. annum