Page:United States Statutes at Large Volume 2.djvu/838



notes shall likewise be countersigned by the commissioner of loans for that state where the notes may respectively be made payable, or by the register of the treasury, if made payable in the district of Columbia, or by a person to be appointed for that purpose by the President of the United States, if made payable in a state for which there is no commissioner of loans; which person or persons thus appointed shall also receive, as compensation for that service, at the rate of one dollar and twenty-five cents for every hundred notes thus signed by him or them respectively.

. And be it further enacted, That the Secretary of the Treasury be, and he is hereby authorized, with the approbation of the President of the United States, to cause to be issued such portion of the said treasury notes as the President may think expedient, in payment of supplies, or debts due by the United States, to such public creditors or other persons as may choose to receive such notes in payment, as aforesaid, at par: and the Secretary of the Treasury is further authorized, with the approbation of the President of the United States, to borrow from time to time, not under par, such sums as the President may think expedient on the credit of such notes; or to sell, not under par, such portion of the said notes as the President may think expedient. And it shall be a good execution of this provision to pay such notes to such bank or banks as will receive the same at par, and give credit to the treasurer of the United States for the amount thereof, on the day on which the said notes shall thus be issued, and paid to such bank or banks respectively.

. And be it further enacted, That the Secretary of the Treasury be, and he is hereby authorized, with the approbation of the President of the United States, to employ an agent or agents for the purpose of selling any portion of the notes which may be issued by virtue of this act: a commission not exceeding one quarter of one per cent. on the amount thus sold, may by the Secretary of the Treasury, be allowed to such agent or agents; and a sum not exceeding twenty-five thousand dollars, to be paid out of any monies in the treasury, not otherwise appropriated, is hereby appropriated, for paying such commission or commissions as may be thus allowed.

. And be it further enacted, That the said treasury notes shall be transferable by delivery and assignment, endorsed thereon by the person to whose order the same shall, on the face thereof, have been made payable.

. And be it further enacted, That the said treasury notes, wherever made payable, shall be every where received in payment of all duties and taxes laid by the authority of the United States, and of all public lands sold by the said authority: on every such payment credit shall be given for the amount of both the principal and the interest, which, on the day of such payment, may appear due on the note or notes thus given in payment: and the said interest shall on such payments be computed at the rate of one cent and one half of a cent per day, on every hundred dollars of principal, and each month shall be computed as containing thirty days.

. And be it further enacted, That any person making payment to the United States, in the said treasury notes, into the hands of any collector, receiver of public monies, or other public officer or agent, shall, on books kept according to such forms as shall be prescribed by the Secretary of the Treasury, give duplicate certificates of the number and respective amount of principal and interest of each and every treasury note thus paid by such person; and every collector, receiver of public monies, or other public officer or agent, who shall thus receive any of the said treasury notes in payment, shall, on payment of the same into the treasury, or into one of the banks where the public monies are