THIRTY-SEVENTH CONGRESS. Sess. II. CB. 32, 33. 1862. 345 supplying prisoners, and other supplies and services of the Quartermaster’s department, to thirtieth June, eighteen hundred and sixty-two, and to be divided among the said several heads of appropriation herein named, as the exigeucies of the service may require, seventy-six millions five hundred thousand dollars. For the armament of fortineations, eight hundred and thirty-four thou- 4'm¤*P°¤* °* mud dollars. fortifications. For the current expenses of the ordnance service, two hundred thou- O£‘d¤¤¤°° sand dollars. °°m°°° For ordnance, ordnance stores and supplies, including horse equipments for all the mounted troops, one million nine hundred and twenty-tour thousand dollars. For purchase of arms for volunteers and regulars, and ordnance and Y¤'°hm °f°·”“”· ordnance stores, seven millions Eve hundred thousand dollars. Medica; gud For the medical and hospital department, one million dollars. hospital depart- For amount required to refund to the States expenses incurred on m§g,mdi¤gt° account of volunteers called into the field, fifteen million dollars. States, &c. Approved, February 25, 1862. Cm!. XXXIII.—An Act to authorize the Issueqf United States Notes, and for the Re- I•'ebruary25, 1862.
or Funding thereof, and for Funding the Floating Debt of the United States. "“"""""“
Be it enacted by the Senate and [hue of Representatives of the United States of America in Congress assembled, That the Secretary of the Trea- $150900900 sury is hereby authorized to. issue, on the credit of the United States, one E:,f;g°'£t°s hundred and fifty millions of dollars of United States notes, not bearing interest, payable to bearer, at the Treasury of the United States, and of Denominations, such denominations as he may deem expedient, not less than five dollars g;_;tl’°7“b1°• “" each: Prcwided, however, That fifty millions of said notes shall be in lieu $50,000,00;), to of the demand Treasury notes authorized to be issued by the act of July be in lieu of deseventeen, eighteen hundred and sixty-one ; which said demand notes ””‘“d “°°°“‘ shall be taken up as rapidly as practicable, and the notes herein provided —’W*» P- 259· for substituted for them: And provided further, That the amount of the two kinds of notes together shall at no time exceed the sum of one hundred and fifty millions of dollars, and such notes herein authorized shall Tummy nom be receivable in payment of all taxes, internal duties, excises, debts, and mcmbissu pay- demands of every kind due to the United States, except duties on imports, $9: ;gtd';°° *° and of all claims and demands against the United States of every kind e;,;, d,;,;:’0,, whatsoever, except for interest upon bonds and notes, which shall be paid imports, and inin coin, and shall also be lawful money and a legal tender in payment of ::df;‘;°t;1 all debts, public and private, within the United States, except duties on which ,},,,111,,., imports and interest as aforesaid. And any holders of said United States pag; in ¢¢fi¤, 4g1d notes depositing any sum not less than Efty dollars, or some multiple of fifty gccpfdg,. $*3,,:: dollars, with the Treasurer of the United States, or either of the Assistant and interest. Treasurers, shall receive in exchange therefor duplicate certificates of de- ibg‘;¤b:“‘I;f;*:;’* posit, one of which may be transmitted to the Secretary of the Treasury, ,,0, yes, t;,,,,, $50, who shall thereupon issue to the holder an equal amount of bonds of the &c- into United United States, coupon or registered, as may by said holder be desired, $*:§°gg°' °°°° 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 thereoi And such United States notes shall be received the same as coin, at their par value, in pay- ment for any loans that may be hereafter sold or negotiated by the Secretary of the Treasury, and may be re-issued from time to time as the exigencies of the public interests shall require. Sec. 2. And be it fimher enacted, That to enable the Secretary of the Funding ma-· Treasury to fund the Treasury notes and floating debt of the United g‘;{,:°*3;§:d States, he is hereby authorized to issue, on the credit of the United P,-,,,·;,§m,, 5,,,- States, coupon bonds, or registered bonds, to an amount not exceeding five von. XII. Pun.-44
