American politics (non-partisan) from the beginning to date : $b embodying a history of all the political parties, with their views and records on all important questions. Great speeches on all great issues, and tabulated history and chronological events.Cooper, Thomas V. (Thomas Valentine)
History
American politics (non-partisan) from the beginning to date : $b embodying a history of all the political parties, with their views and records on all important questions. Great speeches on all great issues, and tabulated history and chronological events.
Cooper, Thomas V. (Thomas Valentine)
Political parties -- United States; United States -- Politics and government
_March 2_—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 six 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 year 1855–’56.
_July 17_—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
United States NOTES without interest, payable on demand, to the extent
of $50,000,000. (Increased by act of February 12, 1862, to $60,000,000.)
The bonds and treasury NOTES to be issued in such proportions of each as
the Secretary may deem advisable.
_August 5_—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.
_February 6, 1862_—Making $50,000,000 of notes, of denominations less
than $5, a legal tender, as recommended by Secretary Chase, was passed
January 17, 1862. In the House it received the votes of the Republicans
generally, and 38 Democrats. In the Senate it had 30 votes for to 1
against, that of Senator Powell.
_1862, February 25_—Authorized the issue of $15,000,000 in _legal tender
United States_ NOTES, $50,000,000 of which to be in lieu of demand notes
issued under act of July 17, 1861, $500,000,000 in 6 per cent. bonds,
redeemable after five years, and payable twenty years from date, which
may be exchanged for United States notes, and 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.
_March 17_—Authorized an increase of TEMPORARY LOANS of $25,000,000,
bearing interest at a rate not exceeding 5 per cent. per annum.
_July 11_—Authorized a further increase of TEMPORARY LOANS of
$50,000,000, making the whole amount authorized $100,000,000.
_March 1_—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 on those
issued prior to March 4, 1863, and in lawful currency on those issued on
and after that date. Amount of issue not specified.
_1862, July 11_—Authorized an additional issue of $150,000,000 _legal
tender_ NOTES, $35,000,000 of which might be in denominations less than
five dollars. Fifty million dollars of this issue to be reserved to pay
temporary loans promptly in case of emergency.
Public-domain text, read in full here on John Shaqi.
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