in the United taxes. Form of treasury notes and tered bonds; treasury notes that have been or may hereafter be issued under any forUnited States mer act of Congress, or for United States notes that may be issued under stocks held with the provisions of this act; and all stocks, bonds, and other securities of the States, to be ex- United States held by individuals, corporations, or associations, within the empt from State United States, shall be exempt from taxation by or under State authority. SEC. 3. That the United States notes and the coupon or registered bonds authorized by this act shall be in such form as the Secretary of the coupon or regis- Treasury may direct, and shall bear the written or engraved signatures of the Treasurer of the United States and the register of the treasury, and also, as evidence of lawful issue, the imprint of a copy of the seal of the Treasury Department, which imprint shall be made under the direction of the Secretary, after the said notes or bonds shall be received from the engravers and before they are issued; or the said notes and bonds shall be signed by the Treasurer of the United States, or for the Treasurer by such persons as may be specially appointed by the Secretary of the Treasury for that purpose, and shall be countersigned by the register of the treasury, or for the register by such persons as the Secretary of the Treasury may specially appoint for that purpose; and all the provisions of the act entitled "An act to authorize the issue of treasury notes," approved the twenty-third day of December, eighteen hundred and fifty-seven, so far as they can be applied to this act, and not inconsistent therewith, are hereby revived and re-enacted; and the sum of three hundred thousand dollars is hereby appropriated, out of any money in the treasury not otherwise appropriated, to enable the Secretary of the Notes in sums Treasury to carry this act into effect. how signed, countersigned, and sealed. Provisions of act of 1857, ch. (Ante, p. 771,) revived; appro priation. of not less than i. $100 may be received on de posit, &c. SEC. 4. That the Secretary of the Treasury may receive from any person or persons, or any corporation, United States notes on deposit for not less than thirty days, in sums of not less than one hundred dollars, with any of the assistant treasurers or designated depositaries of the United States authorized by the Secretary of the Treasury to receive them, Interest on de- who shall issue therefor certificates of deposit, made in such form as the posits. Secretary of the Treasury shall prescribe, and said certificates of deDeposits, how posit shall bear interest at the rate of five per centum per annum; and any amount of United States notes so deposited may be withdrawn from deposit at any time after ten days' notice on the return of said certificates: Provided, That the interest on all such deposits shall cease and determine at the pleasure of the Secretary of the Treasury: And provided further, That the aggregate of such deposit shall at no time exceed the amount of twenty-five millions of dollars. withdrawn. Interest to cease, &c. Aggregate of deposits not to exceed, &c. Duties on imports to be paid in coin or in demand notes. Coin, how to be applied. SEC. 5. That all duties on imported goods shall be paid in coin, or in notes payable on demand heretofore authorized to be issued and by law receivable in payment of public dues, and the coin so paid shall be set apart as a special fund, and shall be applied as follows: First. To the payment in coin of the interest on the bonds and notes of the United States. Second. To the purchase or payment of one per centum of the entire debt of the United States, to be made within each fiscal year after the Sinking fund. first day of July, eighteen hundred and sixty-two, which is to be set apart Penalty for forging, &c. treasury notes, &c.; as a sinking fund, and the interest of which shall in like manner be applied to the purchase or payment of the public debt as the Secretary of the Treasury shall from time to time direct. Third. The residue thereof to be paid into the treasury of the United States. SEC. 6. That if any person or persons shall falsely make, forge, counterfeit, or alter, or cause or procure to be falsely made, forged, counterfeited, or altered, or shall willingly aid or assist in falsely making, forging, counterfeiting, or altering, any note, bond, coupon, or other security issued for uttering or under the authority of this act, or heretofore issued under acts to authorize the issue of treasury notes or bonds; or shall pass, utter, publish, or ter, &c. such sell, or attempt to pass, utter, publish, or sell, or bring into the United attempting to utStates from any foreign place with intent to pass, utter, publish, or sell, notes, &c.; or shall have or keep in possession or conceal, with intent to utter, publish, or sell, any such false, forged, counterfeited, or altered note, bond, coupon, or other security, with intent to defraud any body corporate or politic, or any other person or persons whatsoever, every person so offending shall be deemed guilty of felony, and shall, on conviction thereof, be punished by fine not exceeding five thousand dollars, and by imprisonment and confinement to hard labor not exceeding fifteen years, according to the aggravation of the offence. for using, &c. plates, without authority; for having in possession blank notes, &c. with SEC. 7. That if any person, having the custody of any plate or plates from which any notes, bonds, coupons, or other securities mentioned in this act, or any part thereof, shall have been printed, or which shall have been prepared for the purpose of printing any such notes, bonds, coupons, or other securities, or any part thereof, shall use such plate or plates, or knowingly permit the same to be used for the purpose of printing any notes, bonds, coupons, or other securities, or any part thereof, except such as shall be printed for the use of the United States by order of the for engraving, proper &c. plates in officer thereof; or if any person shall engrave, or cause or procure to be similitude, &c. engraved, or shall aid in engraving, any plate or plates in the likeness or with intent, &c.; similitude of any plate or plates designed for the printing of any such notes, bonds, coupons, or other securities, or any part thereof, or shall for selling such plates, or bringvend or sell any such plate or plates, or shall bring into the United States ing them into the from any foreign place any such plate or plates, with any other intent or United States, for any purpose, in either case, than that such plate or plates shall be with intent, &c.; used for printing of such notes, bonds, coupons, or other securities, or for having some part or parts thereof, for the use of the United States, or shall have plates in possession, with intent, in his custody or possession any metallic plate engraved after the simili- &c.; tude of any plate from which any such notes, bonds, coupons, or other securities, or any part or parts thereof, shall have been printed, with intent to use such plate or plates, or cause or suffer the same to be used, in forging or counterfeiting any such notes, bonds, coupons, or other securities, or any part or parts thereof, issued as aforesaid, or shall have in his custody or possession any blank note or notes, bond or bonds, coupon or coupons, or other security or securities, engraved and printed after the similitude of any notes, bonds, coupons, or other securities, issued as &c.; aforesaid, with intent to sell or otherwise use the same; or if any person for printing or shall print, photograph, or in any other manner execute or cause to be &c.; printed, photographed, or in any manner executed, or shall aid in printing, photographing, or executing any engraving, photograph, or other print, or impression, in the likeness or similitude of any such notes, bonds, coupons, or other securities, or any part or parts thereof, except for the use of the United States and by order of the proper officer thereof, or shall vend or sell any such engraving, photograph, print, or other impression, except to the United States, or shall bring into the United States from any foreign place any such engraving, photograph, print, or other impression for the purpose of vending or selling the same, except by the direction of some proper officer of the United States, or shall have in his custody or pos- per for printing such notes, &c. session any paper adapted to the making of such notes, bonds, coupons, with intent, &c. or other securities, and similar to the paper upon which any such notes, bonds, coupons, or other securities shall have been issued, with intent to use such paper, or cause or suffer the same to be used, in forging or counterfeiting any of the notes, bonds, coupons, or other securities, issued as aforesaid, every such person so offending shall be deemed guilty of a felony, and shall, on conviction thereof, be punished by fine not exceeding five thousand dollars, and by imprisonment and confinement to hard labor not exceeding fifteen years, according to the aggravation of the offence. intent to sell, photographing, for selling or bringing into the with intent, &c.; United States, for having pa Stat. at Large, CHAP. XXXV. Vol. XII. p. 352. indebtedness to public creditors. - An Act to authorize the Secretary of the Treasury to Issue Certificates of Indebtedness to Public Creditors. Certificates of Be it enacted, &c. That the Secretary of the Treasury be, and he is hereby authorized, to cause to be issued to any public creditor who may be desirous to receive the same, upon requisition of the head of the proper department in satisfaction of audited and settled demands against the United States, certificates for the whole amount due or parts thereof not less than one thousand dollars, signed by the Treasurer of the United Denominations; States, and countersigned as may be directed by the Secretary of the when payable; rate of interest. Treasury; which certificate shall be payable in one year from date or earlier, at the option of the Government, and shall bear interest at the rate of six per centum per annum. Stat. at Large, Vol. XII. p. 370. Secretary of Treasury may purchase coin; may issue cer tificates of indebtedness, &c. 1862, ch. 35. Demand notes der. 1861, ch. 5. Ante, p. 781. 1862, ch. 20. Ante, p. 785. CHAP. XLV. - An Act to authorize the Purchase of Coin, and for other Purposes. Be it enacted, &c. That the Secretary of the Treasury may purchase coin with any of the bonds or notes of the United States, authorized by law, at such rates and upon such terms as he may deem most advantageous to the public interest; and may issue, under such rules and regulations as he may prescribe, certificates of indebtedness, such as are authorized by an act entitled "An act to authorize the Secretary of the Treasury to issue certificates of indebtedness to public creditors," approved March first, eighteen hundred and sixty-two, to such creditors as may desire to receive the same, in discharge of checks drawn by disbursing officers upon sums placed to their credit on the books of the treasurer, upon requisitions of the proper departments, as well as in discharge of audited and settled accounts, as provided by said act. SEC. 2. That the demand notes authorized by the act of July sevenmade a legal ten- teenth, eighteen hundred and sixty-one, and by the act of February twelfth, eighteen hundred and sixty-two, shall, in addition to being receivable in payment of duties on imports, be receivable, and shall be lawful money and a legal tender, in like manner, and for the same purposes, and to the same extent, as the notes authorized by an 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. 1862, ch. 33. Ante, p. 785. Temporary deposits of not over $50,000,000 of United States notes may be SEC. 3. That the limitation upon temporary deposits of United States notes with any assistant treasurers or designated depositaries, authorized by the Secretary of the Treasury to receive such deposits, at five per cent. interest, to twenty-five millions of dollars, shall be so far modified as to authorize the Secretary of the Treasury to receive such deposits to an at not over 5 per amount not exceeding fifty millions of dollars, and that the rates of interest shall be prescribed by the Secretary of the Treasury not exceeding the annual rate of five per centum. made with as sistant treasurer cent. interest. Secretary of Treasury in reis suing notes may replace mutilated ones. SEC. 4. That, in all cases where the Secretary of the Treasury is authorized by law to reissue notes, he may replace such as are so mutilated or otherwise injured as to be unfit for use with others of the same character and amount; and such mutilated notes, and all others which by law are required to be taken up and not reissued, shall, when so replaced, or taken up, be destroyed in such manner and under such regulations as the Secretary of the Treasury may prescribe. issue of $150, issued for frac To be receiva Certificates of deposit. Convertible in Be it enacted, &c. That the Secretary of the Treasury is hereby. Additional authorized to issue, in addition to the amounts heretofore authorized, on 000,000 treasury the credit of the United States, one hundred and fifty millions of dollars notes authorized. of United States notes, not bearing interest, payable to bearer at the treasury of the United States, and of such denominations as he may deem ex- Denominations. pedient: Provided, That no note shall be issued for the fractional part of. Notes not to be a dollar, and not more than thirty-five millions shall be of lower denomina- tional parts of a tions than five dollars; and such notes shall be receivable in payment of dollar. all loans made to the United States, and of all taxes, internal duties, ble for all dues, excises, debts, and demands of every kind due to the United States, except except duties on duties on imports and interest, and of all claims and demands against the imports, and interest, &c. United States, except for interest upon bonds, notes, and certificates of debt or deposit; and shall also be lawful money and a legal tender in To be legal tender. payment of all debts, public and private, within the United States, except duties on imports and interest, as aforesaid. And any holder of said United States notes depositing any sum not less than fifty dollars, or some multiple of fifty dollars, with the Treasurer of the United States, or either of the assistant treasurers, shall receive in exchange therefor duplicate certificates of deposit, one of which may be transmitted to the Secretary of the Treasury, who shall thereupon issue to the holder an equal to coupon, &c. amount of bonds of the United States, coupon or registered, as may by bonds." said holder be desired, bearing interest at the rate of six per centum per annum, payable semi-annually, and redeemable at the pleasure of the United States after five years, and payable twenty years from the date thereof: Provided, however, That any notes issued under this act may be paid in coin, instead of being received in exchange for certificates of deposit as above specified, at the direction of the Secretary of the Treasury. And the Secretary of the Treasury may exchange for such notes, on such terms Secretary may as he shall think most beneficial to the public interest, any bonds of the exchange notes for any United United States bearing six per centum interest, and redeemable after five States bonds, &c. and payable in twenty years, which have been or may be lawfully issued under the provisions of any existing act; may reissue the notes so received in exchange; may receive and cancel any notes heretofore lawfully issued under any act of Congress, and in lieu thereof issue an equal amount in notes such as are authorized by this act; and may purchase, at rates not exceeding that of the current market, and cost of purchase not exceeding one eighth of one per centum, any bonds or certificates of debt of the United States as he may deem advisable. Proviso. Notes may be engraved, &c. in SEC. 2. That the Secretary of the Treasury be, and is hereby, authorized, in case he shall think it inexpedient to procure said notes, or any part the Treasury thereof, to be engraved and printed by contract, to cause the said notes, Department. or any part thereof, to be engraved, printed, and executed, in such form as he shall prescribe, at the Treasury Department in Washington, and under his direction; and he is hereby empowered to purchase and provide all the machinery and materials, and to employ such persons and appoint such officers as may be necessary for this purpose. Limitation up on temporary deposits, repealed. SEC. 3. That the limitation upon temporary deposits of United States notes with any assistant treasurer, or designated depositary authorized by the Secretary of the Treasury to receive such deposits, to fifty millions of dollars be, and is hereby, repealed; and the Secretary of the Treasury is authorized to receive such deposits, under such regulations as he may prescribe, to such amount as he may deem expedient, not exceeding one hundred millions of dollars, for not less than thirty days, in sums not less $100,000,000. than one hundred dollars, at a rate of interest not exceeding five per centum per annum; and any amount so deposited may be withdrawn from Not to exceed Deposits may be withdrawn on deposit, at any time after ten days' notice, on the return of the certificate ten days' notice. of deposit. And of the amount of United States notes authorized by this Reserve for act, not less than fifty millions of dollars shall be reserved for the purpose payment of de- of securing prompt payment of such deposits when demanded, and shall posits. be issued and used only when, in the judgment of the Secretary of the Treasury, the same, or any part thereof may be needed for that purpose. And certificates of deposit and of indebtedness issued under this or former acts may be received on the same terms as United States notes in payment for bonds redeemable after five and payable in twenty years. Certificates convertible into stock. Secretary of Treasury may borrow part of $250,000,000 au thorized by act of 1861, ch. 5. Appropriation terfeiting of coin, SEC. 4. That the Secretary of the Treasury may, at any time until otherwise ordered by Congress, and under the restrictions imposed by the "Act to authorize a national loan, and for other purposes," borrow, on the credit of the United States, such part of the sum of two hundred and fifty millions mentioned in said act as may not have been borrowed, under the provisions of the same, within twelve months from the passage thereof. SEC. 5. That any part of the appropriation of ten thousand dollars for to detect coun- the detection and bringing to trial of persons engaged in counterfeiting the coin of the United States, made by the act entitled "An act making appropriations for the legislative, executive, and judicial expenses of the government for the year ending thirtieth of June, eighteen hundred and sixty-one," approved June twenty-three, eighteen hundred and sixty, may be applied in detecting and bringing to trial and punishment persons engaged in counterfeiting treasury notes, bonds, or other securities of the United States, as well as the coin of the United States. And to carry Appropriation. into effect the preceding sections of this act the sum of three hundred thousand dollars is hereby appropriated, out of any money in the treasury not otherwise appropriated. Provisions of act of 1862, ch. 33, applicable to this act. SEC. 6. That all the provisions 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 twenty-five, eighteen hundred and sixty-two, so far as the same can or may be applied to the provisions of this act, and not inconsistent therewith, shall apply to the notes hereby authorized to be issued. No. 33. - JULY 17, 1862. Stat. at Large, CHAP. CXCVI.— An Act to authorize Payments in Stamps, and to prohibit Circulation Vol. XII. p. 592. of Notes of less Denomination than One Dollar. Postage and other stamps to be furnished in exchange for United States notes; and may be received for dues to the United States less than $5. Circulation, &c. of notes less than $ 1, as money, prohibited. Penalty. Be it enacted, &c. That the Secretary of the Treasury be and he is hereby directed to furnish to the assistant treasurers, and such designated depositaries of the United States as may be by him selected, in such sums as he may deem expedient, the postage and other stamps of the United States, to be exchanged by them, on application, for United States notes; and from and after the first day of August next such stamps shall be receivable in payment of all dues to the United States less than five dollars, and shall be received in exchange for United States notes when presented to any assistant treasurer or any designated depositary selected as aforesaid in sums not less than five dollars. SEC. 2. That from and after the first day of August, eighteen hundred and sixty-two, no private corporation, banking association, firm, or individual shall make, issue, circulate, or pay any note, check, memorandum, token, or other obligation, for a less sum than one dollar, intended to circulate as money or to be received or used in lieu of lawful money of the United States; and every person so offending shall, on conviction thereof in any district or circuit court of the United States, be punished by fine not exceeding five hundred dollars, or by imprisonment not exceeding six months, or by both, at the option of the court. |