Chapter XVI: Section 1: All persons born or naturalized in the United States, and (2)

SEC. 42. That any association may go into liquidation and be closed by the vote of its shareholders owning two-thirds of its stock. And whenever such vote shall be taken it shall be the duty of the board of directors to cause notice of this fact to be certified, under the seal of the association, by its president or cashier, to the Comptroller of the Currency, and publication thereof to be made for a period of two months in a newspaper, published in the city of New York, and also in a newspaper published in a city or town in which the association is located; and one year after that time the outstanding notes of said association shall be redeemed at the Treasury of the United States, and the said association and the shareholders thereof shall be discharged from all liabilities therefor.

SEC. 44. That any bank incorporated by special law, or any banking institution organized under a general law of any State, may, by authority of this act, become a national association under its provisions, by the name prescribed in its organization certificate; and in such case the articles of association and the organization certificate required by this act may be executed by a majority of the directors of the bank or banking institution; and said certificate shall declare that the owners of two-thirds of the capital stock shall have authorized the directors to make such certificate and to change and convert the said bank or banking institution into a national association under this act. And a majority of the directors, after executing said articles of association and organization certificate, shall have power to execute all other papers, and to do whatever may be required to make its organization perfect and complete as a national association. The shares of any such bank may continue to be for the same amount each as they were before said conversion, and the directors aforesaid may be the directors of the association until others are elected or appointed in accordance with the provisions of this act; and any State bank which is a stockholder in any other bank, by authority of State laws, may continue to hold its stock, although either bank, or both, may be organized under and have accepted the provisions of this act. When the Comptroller shall give to such association a certificate, under his hand and official seal, that the provisions of this act have been complied with, and that it is authorized to commence the business of banking under it, the association shall have the same powers and privileges, and shall be subject to the same duties, responsibilities and rules, in all respects as are prescribed in this act for other associations organized under it, and shall be held and regarded as an association under this act: _Provided, however_, That no such association shall have a less capital than the amount prescribed for banking associations under this act.

SEC. 45. That all associations under this act, when designated for that purpose by the Secretary of the Treasury, shall be depositaries of public money, except receipts from customs, under such regulations as may be prescribed by the Secretary; and they may also be employed as financial agents of the Government; and they shall perform all such reasonable duties, as depositaries of public moneys and financial agents of the Government, as may be required of them. And the Secretary of the Treasury shall require of the associations thus designated satisfactory security, by the deposit of United States bonds and otherwise, for the safe keeping and prompt payment of the public money deposited with them, and for the faithful performance of their duties as financial agents of the Government: _Provided_, That every association which shall be selected and designated as receiver or depositary of the public money, shall take and receive at par all of the national currency bills, by whatever association issued, which have been paid in to the Government for internal revenue, or for loans or stocks.

SEC. 46. That if any such association shall at any time fail to redeem, in the lawful money of the United States, any of its circulating notes, when payment thereof shall be lawfully demanded during the usual hours of business, at the office of such association, or at its place of redemption aforesaid, the holder may cause the same to be protested, in one package, by a notary public, unless the president or cashier of the association, whose notes are presented for payment, or the president or cashier of the association at the place at which they are redeemable, shall offer to waive demand and notice of the protest, and shall, in pursuance of such offer, make, sign, and deliver to the party making such demand, an admission in writing, stating the time of the demand, the amount demanded, and the fact of the non-payment thereof; and such notary public, on making such protest, or upon receiving such admission, shall forthwith forward such admission or notice of protest to the Comptroller of the Currency, retaining a copy thereof. And after such default, on examination of the facts by the Comptroller, and notice by him to the association, it shall not be lawful for the association suffering the same to pay out any of its notes, discount any notes or bills, or otherwise prosecute the business of banking, except to receive and safely keep money belonging to it, and to deliver special deposits. _Provided_, That if satisfactory proof be produced to such notary public, that the payment of any such notes is restrained by order of any court of competent jurisdiction, such notary public shall not protest the same; and when the holder of such notes shall cause more than one note or package to be protested on the same day, he shall not receive pay for more than one protest.

SEC. 56. That all suits and proceedings arising out of the provisions of this act, in which the United States or its officers or agents shall be parties, shall be conducted by the district attorneys of the several districts, under the direction and supervision of the Solicitor of the Treasury.

SEC. 57. That suits, actions, and proceedings against any association under this act, may be had in any circuit, district, or territorial court of the United States held within the district in which such association may be established; or in any State, county, or municipal court in the county or city in which said association is located, having jurisdiction in similar cases: _Provided, however_, That all proceedings to enjoin the Comptroller under this act shall be had in a circuit, district, or territorial court of the United States, held in the district in which the association is located.

SEC. 58. That every person who shall mutilate, cut, deface, disfigure, or perforate with holes, or shall unite or cement together, or do any other thing to any bank bill, draft, note, or other evidence of debt, issued by any such association, or shall cause or procure the same to be done, with intent to render such bank bill, draft, note, or other evidence of debt unfit to be reissued by said association, shall, upon conviction, forfeit fifty dollars to the association who shall be injured thereby, to be recovered by action in any court having jurisdiction.

SEC. 61. That it shall be the duty of the Comptroller of the Currency to report annually to Congress at the commencement of its session—

First. A summary of the state and condition of every association from whom reports have been received the preceding year, at the several dates to which such reports refer, with an abstract of the whole amount of banking capital returned by them, of the whole amount of their debts and liabilities, the amount of circulating notes outstanding, and the total amount of means and resources, specifying the amount of lawful money held by them at the times of their several returns, and such, other information in relation to said associations as, in his judgment may be useful.

SEC. 110. That there shall be levied, collected, and paid a duty of one twenty-fourth of one per centum each month upon the average amount of the deposits of money, subject to payment by check or draft, or represented by certificates of deposit or otherwise, whether payable on demand or at some future day, with any person, bank, association, company or corporation engaged in the business of banking; and a duty of one twenty-fourth of one per centum each month, as aforesaid, upon the average amount of the capital of any bank, association, company or corporation, or person engaged in the business of banking, beyond the amount invested in United States bonds; and a duty of one-twelfth of one per centum each month upon the average amount of circulation issued by any bank, association, corporation, company or person, including as circulation all certified checks and all notes and other obligations circulated or intended to circulate, or to be used as money, but not including that in the vault of the bank, or redeemed and on deposit for said bank, and an additional duty of one-sixth of one per centum each month upon the average amount of such circulation, issued as aforesaid, beyond the amount of ninety per centum of the capital of any such bank, association, corporation, company or person, and upon any amount of such circulation beyond the average amount of the circulation that had been issued as aforesaid by any such bank, association, corporation, company or person, for the six months preceding the first day of July, eighteen hundred and sixty-four. And on the first Monday of August next, and of each month thereafter, a true and accurate return of the amount of circulation, of deposit and of capital, as aforesaid, for the previous month, shall be made and rendered in duplicate by each of such banks, associations, corporations, companies or persons, to the assessor of the district in which any such bank, association, corporation or company may be located, or in which such person may reside, with a declaration annexed thereto, and the oath or affirmation of such person, or the president or cashier of such bank, association, corporation or company, in such form and manner as may be prescribed by the Commissioner of Internal Revenue, that the same contains a true and faithful statement of the amount of circulation, deposits, and capital, as aforesaid, subject to duty as aforesaid, and shall transmit the duplicate of said return to the Commissioner of Internal Revenue, and within twenty days thereafter shall pay to the said Commissioner of Internal Revenue the duties hereinbefore prescribed upon the said amount of circulation, of deposits and of capital, as aforesaid.

History of Finances, Loans, Bonds, Legal Tender
Notes of the U. S., etc., from 1841 to the Present Time.

======================================================================
Acts Authorizing Loans, and Synopsis of same.
------------+---------------------------------------------------------
Acts of |Authorized a loan of $12,000,000, bearing interest at a
July 21, | rate not exceeding 6 per cent. per annum, and
1841, | reimbursable at the will of the Secretary, after six
and | months’ notice, or atany time after three years from
April 15, | Jan. 1, 1842. The act of April 15, 1842, authorized
1842. | the loan of an additional sum of $5,000,000, and made
| the amount obtained on the loan, after the passage of
| this act, reimbursable after six months’ notice, or at
| any time not exceeding twenty years from Jan, 1, 1843.
| This loan was made for the purpose of redeeming
| outstanding Treasury notes, and to defray any of the
| public expenses.
------------+---------------------------------------------------------
Act of |Authorized the issue of $23,000,000 in Treasury notes,
Jan. 28, | bearing interest at a rate not exceeding 6 per cent.
1847. | per annum, with authority to borrow any portion of the
| amount, and issue bonds therefor, bearing interest at
| a rate not exceeding 6 per cent. and redeemable after
| Dec. 31, 1867. The 13th section authorized the funding
| of these notes into bonds of the same description. The
| act limited the amount to be borrowed or issued in
| Treasury notes, and funded as aforesaid, to $23,000,000,
| but authorized the funding of Treasury notes issued
| under former acts beyond that amount. The excess of
| the $23,000,000 is made up of Treasury notes funded
| under the 14th section.
------------+---------------------------------------------------------
Act of |Authorized a loan of $16,000,000, bearing interest at a
March 31, | rate not exceeding 6 per cent. per annum, and
1848. | reimbursable at any time after twenty years from July
| 1, 1848. Authority was given to the Secretary to
| purchase the stock at any time.
------------+---------------------------------------------------------
Act of |Authorized the issue of $10,000,000 in bonds, bearing 5
Sept. 9, | per cent. interest, and redeemable at the end of
1850. | fourteen years, to indemnify the State of Texas for
| her relinquishment of all claims upon the United States
| for liability of the debts of Texas, and for
| compensation for the surrender to the United States of
| her ships, forts, arsenals, custom-houses, &c., which
| became the property of the United States at the time of
| annexation.
------------+---------------------------------------------------------
Old |Consisting of unclaimed dividends upon stocks issued
funded | before the year 1800, and those issued during the war
and | of 1812.
unfunded |
debts. |
------------+---------------------------------------------------------
Acts prior |Different issues of Treasury notes.
to 1857. |
------------+---------------------------------------------------------
Act of |Authorized an issue of $20,000,000 in Treasury notes,
Dec. 23, | bearing interest at a rate not exceeding 6 per cent.
1857. | per annum, and receivable in payment of all public
| dues, and to be redeemed after the expiration of one
| year from the date of said notes.
------------+---------------------------------------------------------
Act of |Authorized a loan of $20,000,000, bearing interest at a
June 14, | rate not exceeding 5 per cent. per annum, and
1858. | reimbursable, at the option of the Government, at any
| time after the expiration of fifteen years from
| Jan. 1, 1859.
------------+---------------------------------------------------------
Act of |Authorized a loan of $21,000,000, bearing interest at a
June 22, | rate not exceeding 6 per cent. per annum, and
1860. | reimbursable within a period not beyond twenty years,
| and not less than ten years, for the redemption of
| outstanding Treasury notes, and for no other purpose.
------------+---------------------------------------------------------
Act of |Authorized an issue of $10,000,000 in Treasury notes to
Dec. 17, | be redeemed after the expiration of one year from the
1860. | date of issue, and bearing such a rate of interest as
| may be offered by the lowest bidders. Authority was
| given to issue these notes in payment of warrants in
| favor of public creditors at their par value, bearing
| six per cent. per annum.
------------+---------------------------------------------------------

(A) = Rate of interest.
(B) = Price of emission.

===========+=======+========+===========+=========+=========+
|Title. | Length | When | A | B |
| |of Loan.|redeemable.| | |
-----------+-------+--------+-----------+---------+---------+
Acts of |Loan of| 20 | After Dec.|6 % per | Par. |
July 21,| 1842 | years | 31, 1862. | annum. | |
1841, | | | | | |
and | | | | | |
April 15,| | | | | |
1842. | | | | | |
-----------+-------+--------+-----------+---------+---------+
Act of |Loan of| 20 | After Dec.|6 % per | Par. |
Jan. 28, | 1847 | years | 31, 1867. | annum. | |
1847. | | | | | |
-----------+-------+--------+-----------+---------+---------+
Act of |Loan of| 20 | After July|6 % per | Par. |
March 31,| 1848 | years | 1, 1868. | annum. | |
1848. | | | | | |
-----------+-------+--------+-----------+---------+---------+
Act of | Texas | 15 | After Dec.|5 % per | Par. |
Sept. 9,| indem-| years | 31, 1864. | annum. | |
1850. | nity | | | | |
-----------+-------+--------+-----------+---------+---------+
Old | Old | | | | |
funded | funded| Dem- | On demand | 5 & 6%. | Par. |
and | debt.| and | | | |
unfunded | | | | | |
debts. | | | | | |
Acts prior | Treas.| —— | On demand | 1 m. to | Par. |
to 1857. | notes | | | 6 % | |
| | | | | |
Act of | Treas.| 1 | 1 year | 5 to | Par. |
Dec. 23, | notes | year | after | 5½% | |
1857. | | | date. | | |
-----------+-------+--------+-----------+---------+---------+
Act of | | | | | |
June 14, |Loan of| 15 | Dec. 31, |5 % per | Par. |
1858. | 1858 | years | ’73 | annum. | |
-----------+-------+--------+-----------+---------+---------+
Act of | | | | | |
June 14, |Loan of| 10 | After Dec.|5 % per | Par. |
1860. | 1860 | years | 31, 1870. | annum. | |
-----------+-------+--------+-----------+---------+---------+
Act of | | | | | |
Dec. 17, | Treas.| 1 | 1 year |6 and 12 | Par. |
1860. | notes | year | after | % per | |
| | | date. | annum. | |
-----------+-------+--------+-----------+---------+---------+

===========+===========+==========+=============
| Amount | Amount | Amount
|authorized.| issued. |outstanding.
-----------+-----------+----------+-------------
Acts of |$17,000,000|$8,000,000| $64,768 68
July 21,| | |
1841, | | |
and | | |
April 15,| | |
1842. | | |
-----------+-----------+----------+-------------
Act of | 23,000,000|28,207,000| 7,160,200 00
Jan. 28, | | |
1847. | | |
-----------+-----------+----------+-------------
Act of | 16,000,000|16,000,000| 8,020,941 80
March 31,| | |
1848. | | |
-----------+-----------+----------+-------------
Act of | 10,000,000| 5,000,000| 263,000 00
Sept. 9,| | |
1850. | | |
-----------+-----------+----------+-------------
Old | | |
funded | —— | —— | 113,915 48
and | | |
unfunded | | |
debts. | | |
Acts prior | —— | —— | 104,511 64
to 1857. | | |
| | |
Act of | 20,000,000| —— | 2,600 00
Dec. 23, | | |
1857. | | |
-----------+-----------+----------+-------------
Act of | | |
June 14, | 20,000,000|20,000,000|20,000,000 00
1858. | | |
-----------+-----------+----------+-------------
Act of | | |
June 14, | 21,000,000| 7,022,000| 7,022,000 00
1860. | | |
-----------+-----------+----------+-------------
Act of | | |
Dec. 17, | 10,000,000|10,000,000| 600 00
1860. | | |
| | |
-----------+-----------+----------+-------------

===================================================================
Acts authorizing Loans, and Synopsis of same.
-------------+-----------------------------------------------------
Act of |Authorized a loan of $25,000,000, bearing interest at
Feb. 8, | a rate not exceeding 6 per cent. per annum, and
1861. | 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.
-------------+-----------------------------------------------------
Act of |Authorized a loan of $10,000,000, bearing interest at
March 2, | a rate not exceeding 6 per cent. per annum, and
1861. | reimbursable after the expiration of ten years from
| 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 6 per cent. per annum.
| Authority was also given to substitute Treasury
| 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 payment of all public dues, and
| redeemable at any time within two years from March
| 2, 1861.
-------------+-----------------------------------------------------
Act of |Authorized an issue, should the Secretary of the
March 2, | Treasury deem it expedient, of $2,800,000, in coupon
1861. | bonds, bearing interest at the rate of 6 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 years 1855 and 1856.
-------------+-----------------------------------------------------
Acts of |Authorized a loan of $250,000,000, for which could be
July 17, | issued bonds bearing interest at a rate not
1861, | exceeding 7 per cent. per annum, irredeemable for
and | twenty years, and after that redeemable at the
August 5, | pleasure of the United States; Treasury notes
1861. | 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 proportions 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 |Authorized the issue of $500,000,000, in 6 per cent.
Feb. 25, | bonds, redeemable after five years, and payable
1862. | twenty years from date, which may be exchanged for
| United States notes. Also on
March 3, |Authorized the issue of not over $11,000,000
1864. | additional of similar bonds, to meet subscriptions
| already made and paid for.
June 30, |
1864. |On hand, unsold in the United States or Europe.
January 28, |
1865. |
-------------+-----------------------------------------------------
Act of |Authorized the issue of $150,000,000, in legal-tender
Feb. 25, | U. S. notes; $50,000,000 of which to be in lieu of
1862. | demand notes, issued under act of July 17, 1861.
|
Act of |Authorized an additional issue of $150,000,000, in
July 11, | legal-tender notes; $35,000,000 of which might be
1862. | in denominations less than five dollars: $50,000,000
| of this issue to be reserved to pay temporary loans
| promptly in case of emergency.
-------------+------------------------------------------------------
Resolution |Authorized the issue of $100,000,000, in United States
of Congress,| notes, for the immediate payment of the army and
January 17,| navy, such notes to be a part of the amount
1863. | 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._)
-------------+------------------------------------------------------

(A) = Rate of interest.
(B) = Price of emission.
=============+==============+==========+=============+=======+====+
| Title. | Length | When | (A) |(B) |
| | of Loan. | redeemable. | | |
=============+==============+==========+=============+=======+====+
Act of | Loan of | 20 years |After June 1,|6 % per|Par.|
Feb. 8, |Feb. 8, 1861. | | 1881. | annum | |
1861. | | | | | |
-------------+--------------+----------+-------------+-------+----+
Act of | | | | | |
March 2, | +----------+-------------+ | |
1861. | Treas’y |2 years |2 yrs. after | —— | —— |
| notes. | | date. |6 % p. |Par.|
| |60 days. | 60 days | an’m | |
| +——————————+ after | —— | —— |
| | | date. | | |
-------------+--------------+----------+-------------+-------+----+
Act of | | | | | |
March 2, | Oregon war | 20 years |After July 1,|6 % per|Par.|
1861. | | | 1881. |annum. | |
-------------+--------------+----------+-------------+-------+----+
Acts of | 20-year | 20 years |After June |6 % per| — |
July 17, | sixes. +——————————+ 30, 1881. |annum. | |
1861, | 7-30 notes. | 3 |After Aug. |7-30% | |
and | (two issues) | yrs. | 18, 1864. | per | — |
August 5, | +——————————+After Sept. |annum. | |
1861. | | | 30, 1864. | | |
| | | | | |
| Demand | Pay’ble | Demand | None. | — |
| notes. |on demand.| | | |
| | | | | |
| 20-year |20 years. | After June |6 % per|Par.|
| sixes. | | 30, 1881. |annum. | |
| | | | | |
-------------+--------------+----------+-------------+-------+----+
Act of | | | | | |
Feb. 25, | | | | | |
1862. | | | | | |
| | | | | |
March 3, | | | | | |
1864. | | | | | |
| Five- |5 or 20 |After Ap’l |6 % per|Par.|
June 30, | twenties. | years. | 30, 1867. |annum | |
1864. | | | | | |
January 28, | | | | | |
1865. | | | | | |
-------------+--------------+----------+-------------+-------+----+
Act of | | | | | |
July 11, | | | | | |
1862. | | | | | |
| U. States | —— | —— |None. |Par.|
| notes, | | | | |
| new issue. | | | | |
Resolution | | | | | |
of Congress,| | | | | |
January 17,| | | | | |
1863. | | | | | |
-------------+--------------+----------+-------------+-------+----+

=============+===========+===========+===============
| Amount | Amount | Amount
|authorized.| issued. |outstanding.
-------------+-----------+----------+----------------
Act of |$25,000,000|$18,415,000|$18,415,000 00
Feb. 8, | | |
1861. | | |
-------------+-----------+-----------+----------------
Act of | | |
March 2, | | |
1861. | 22,468,100| 22,468,100|
| | | 3,600 00
| | |
| 12,896,350| 12,896,350|
| | |
-------------+-----------+-----------+----------------
Act of | | |
March 2, | 2,800,000| 1,090,850| 1,016,000 00
1861. | | |
-------------+-----------+-----------+----------------
Acts of | —— | 50,000,000| 50,000,000 00
July 17, | | |
1861, | | |
and | —— |139,999,750|139,315,350 00
August 5, | | |
1861. | | |
| | |
| —— | 60,000,000| 208,432 00
| | |
| | |
|Exch’ngeble| —— | 59,700 00
| for 7-30 | |
|Tr’y notes.| |
-------------+-----------+-----------+----------------
Act of | | |
Feb. 25, | | |
1862. | | |
| | |
March 3, | | |
1864. | | |
|515,000,000|514,780,500|514,780,500 00
June 30, | | |
1864. | | |
January 28, | | |
1865. | | |
-------------+-----------+-----------+----------------
Act of | | |
July 11, | | |
1862. | | |
|450,000,000| —— |371,783,597 00
| | |
| | |
Resolution | | |
of Congress,| | |
January 17,| | |
1863. | | |
-------------+-----------+-----------+----------------

===================================================================
Acts authorizing Loans, and Synopsis of same.
---------+---------------------------------------------------------
Act of |A further issue of $150,000,000, in United States notes,
March 3,| for the purpose of converting the Treasury notes which
1863. | 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 |Provided, That of United States notes not more than ten
April 12| millions of dollars may be retired and canceled within
1866.| 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 |Authorized a temporary loan of $25,000,000, in United
Feb. 25 | States notes, for not less than thirty days, payable
1862. | after ten days’ notice, at 5 per cent. interest per
| annum. (This was increased to $100,000,000 by the
| following acts.)
Act of |
March 17,|Authorized an increase of temporary loans of $25,000,000,
1862. | bearing interest at a rate not exceeding 5 per cent. per
| annum.
Act of |
July 11, |Authorized a further increase of temporary loans of
1862. | $50,000,000 making the whole amount authorized
| $100,000,000.
|
Act of |Authorized the increase of temporary loans to not
June 30,| exceeding $150,000,000, at a rate not exceeding 6 per
1864. | cent. per annum.
---------+----------------------------------------------------------
Act of |Authorized a loan of $300,000,000 for this and $600,000,000
March 3| for the next fiscal year, for which could be issued
1863. | 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
Act of | this act not to exceed the sum of 900,000,000. And so
June 30| much of this act as limits the to the current fiscal
1864. | 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 |And Treasury notes to the amount of $400,000,000, not
March 3,| exceeding three years to run, with interest at not over
1863. | 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.
---------+----------------------------------------------------------
Act of |Authorizes the issue of bonds not exceeding $200,000,000,
March 3,| bearing date March 1, 1864, or any subsequent period,
1864. | 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 semi-annually, in coin.
---------+----------------------------------------------------------
Act of |Authorized an issue of certificates of indebtedness,
March 1| payable one year from date, in settlement of audited
1862. | claims against the Government. Interest 6 per cent. per
| annum, payable in gold; and by
Act of |Payable in lawful currency on those issued after that date.
March 3,| Amount of issue not specified.
1863. |
---------+----------------------------------------------------------
Act of |Authorized an issue of notes of the fractional parts of
July 17,| one dollar, receivable in payment of all dues, except
1862. | customs, less than five dollars, and exchangeable for
| United States notes in sums not less than five dollars.
| Amount of issue not specified.
---------+----------------------------------------------------------

(A) = Rate of interest.
(B) = Price of emission.
==========+=================+========+=============+================+
| Title. | Length | When | (A) | (B) |
| |of Loan.| redeemable. | | |
==========+=================+========+=============+=========+======+
Act of | | | | | |
March 3,| | | | | |
1863. | | | | | |
| | | | | |
Act of | | | | | |
April 12| | | | | |
1866.| | | | | |
---------+-----------------+--------+-------------+---------+------+
Act of | | | | | |
Feb. 25 | | | | | |
1862. | | | | | |
| | | | | |
| Tempor’y | Not | After ten | 4, 5, & |Par. |
March 17,| Loan. | less | days’ | 6 % per | |
1862. | | than | notice. | annum. | |
| |30 days.| | | |
July 11, | | | | | |
1862. | | | | | |
| | | | | |
Act of | | | | | |
June 30,| | | | | |
1864. | | | | | |
---------+-----------------+--------+-------------+---------+------+
Act of | | | | | |
March 3| | | | | |
1863. | Loan of | —— |Af’r June | 6 % per |Prem’m|
| 1863. | | 30, 1881. | annum. | |
| | | | | 4.13 |
| | | | | per |
| | | | | cent.|
Act of | | | | | |
June 30| | | | | |
1864. | | | | | |
| | | | | |
---------+-----------------+--------+-------------+---------+------+
| | | | | |
Act of | Treasury |2 years |2 years after| 5% per | Par. |
March 3,| notes. | | date. | annum | |
1863. | |1 year. |1 year after | 5% per | Par. |
| | | date. | annum. | |
---------+-----------------+--------+-------------+---------+------+
|Gold certificates| —— |On dem’d. | —— | Par. |
---------+-----------------+--------+-------------+---------+------+
Act of | | | | | |
March 3,| | | | | |
1864. | Ten-forties. |10 or 40| Af’r Feb. |5 % per | Par. |
| | years. | 28, 1874. | annum. | |
| | | | | |
| Five- |5 or 20 | Aft’r Oct. |6 % per | Par. |
| twenties. | years. | 31, 1869. | annum. | |
---------+-----------------+--------+-------------+---------+------+
Act of | | | | | |
March 1| | | | | |
1862. | | | | | |
---------+-----------------+--------+-------------+---------+------+
Act of | Certifica’s |1 year. |1 year after | 6 % per | Par. |
March 3,| of indebtedness.| | date. | annum. | |
1863. | | | | | |
---------+-----------------+--------+-------------+---------+------+
Act of | | | | | |
July 17,| | | | | |
1862. | | | | | |
---------+-----------------+--------+-------------+---------+------+
|Postal currency. | —— | —— | —— | Par. |
| | | | | |
---------+-----------------+--------+-------------+---------+------+

==========+==============+============+============
| Amount | Amount | Amount
| authorized. | issued. |outstanding.
==========+==============+============+============
Act of | | |
March 3,| | |
1863. | | |
| | |
Act of | | |
April 12| | |
1866.| | |
---------+--------------+------------+------------
Act of | | |
Feb. 25 | | |
1862. | | |
| | |
| $150,000,000| —— |$20,225,070 00
March 17,| | |
1862. | | |
| | |
July 11, | | |
1862. | | |
| | |
Act of | | |
June 30,| | |
1864. | | |
---------+--------------+------------+------------
Act of | | |
March 3| | |
1863. | 75,000,000| $75,000,000| 75,000,000 00
| | |
Act of | | |
June 30| | |
1864. | | |
---------+--------------+------------+
| | |
Act of | —— | |
March 3,| | 211,000,000| 1,123,830 00
1863. | 400,000,000| |
---------+--------------+------------+
|Not specified.| —— | 19,207,520 00
---------+--------------+------------+
Act of | | |
March 3,| | |
1864. | 200,000,000| 172,770,100|171,409,350 00
| | |
| | |
| —— | —— | 3,882,500 00
| | |
---------+--------------+------------+
Act of | | |
March 1| | |
1862. | | |
---------+--------------+------------+
Act of |Not specified.| —— | 36,000 00
March 3,| | |
1863. | | |
---------+--------------+------------+
Act of | | |
July 17,| | |
1862. | | |
---------+--------------+------------+
|Not specified.| —— | 5,497,534 93
| | |
---------+--------------+------------+

===================================================================
Acts authorizing Loans, and Synopsis of same.
---------+---------------------------------------------------------
Act of |Authorized an issue not exceeding $50,000,000, in
March 3,| fractional currency (in lieu of postage or other stamps),
1863. | exchangeable for United States notes in sums not less
| than three dollars, and receivable for any dues to the
| United States less than five dollars, except duties on
| imports. The whole amount issued, including postage and
| other stamps issued as currency, not to exceed
| $50,000,000. Authority was given to prepare it in the
| Treasury Department, under the supervision of the
| Secretary.
Act of |Authorized an issue in lieu of the issue under acts of
June 30,| July 17, 1862, and March 3, 1863, the whole amount
1864. | outstanding under all these acts not to exceed
| $50,000,000.
---------+---------------------------------------------------------
Act of |Authorized an issue of $400,000,000 of bonds, redeemable
June 30,| at the pleasure of the Government, after any period not
1864. | less than five nor more than thirty years, or, if deemed
| expedient, made payable at any period nor more than
| forty years from date. And said bonds shall bear an
| annual interest not exceeding 6 per centum, payable
| semi-annually in coin. And the Secretary of the Treasury
| may dispose of such bonds, or any part thereof, and of
| any bonds commonly known as five-twenties, remaining
| unsold, on such terms as he may deem most advisable, for
| lawful money of the United States, or, at his discretion,
| for Treasury notes, certificates of indebtedness, or
| certificates of deposit, issued under any act of Congress.
---------+---------------------------------------------------------
Act of |Authorizes an issue of Treasury notes, not exceeding three
March 3,| years to run, interest at not over 6 per cent. per annum,
1863. | principal and interest payable in lawful money. Also,
| authorizes the issue of, and in lieu of, an equal amount
Act of | of bonds authorized by the first section, and as a part
June 30,| of said loan, not exceeding $200,000,000, in Treasury
1864. | notes of any denomination not less than ten dollars,
| payable at any time not exceeding three years from date,
| or, if thought more expedient, redeemable at any time
| after three years from date, and bearing interest not
| exceeding the rate of 7 3-10 per centum, payable in
| lawful money at maturity, or at the discretion of the
| Secretary, semi-annually; and such of them as shall be
| made payable, principal and interest, at maturity, shall
| be a legal-tender to the same extent as United States
| notes, for their face value excluding interest, and may
| be paid to any creditor of the United States, at their
| face value, excluding interest, or to any creditor
| willing to receive them at par, including interest; and
| any Treasury notes issued under the authority of this
| act, may be made convertible, at the discretion of the
| Secretary of the Treasury, into any bonds issued under
| the authority of this act, and the Secretary may redeem,
| and cause to be canceled and destroyed any Treasury
| notes or United States notes heretofore issued under
| authority of previous acts of Congress, and substitute
| in lieu thereof an equal amount of Treasury notes, such
| as are authorized by this act, or of other United States
| notes; nor shall any Treasury note bearing interest,
| issued under this act, be a legal-tender, in payment or
| redemption of any notes issued by any bank, banking
| association, or banker, calculatedor intended to
| circulate as money.
Act of |Whole amount may be issued in bonds or Treasury notes, at
Jan. 28,| the discretion of the Secretary.
1865. |
---------+---------------------------------------------------------
Act of |Authorized an issue of $600,000,000 in bonds or Treasury
March 3,| notes; bonds may be made payable at any period not
1865. | more than forty years from the date of issue, or may be
| made redeemable at the pleasure of the Government, at
| or after any period not less than five years nor more
| than forty years from date, or may be made redeemable
| and payable as aforesaid, as may be expressed upon their
| face, and so much thereof as may be issued in Treasury

(A) = Rate of interest.
(B) = Price of emission.
=======+=================+========+=============+=======+
| Title. | Length | When | (A) |(B) |
| |of Loan.| redeemable. | | |
=======+==========+========+=============+=========+====+
Act of | | | | | |
March 3,| | | | | |
1863.| | | | | |
| | | | | |
|Fractional| —— | —— | —— |Par.|
| currency.| | | | |
Act of | | | | | |
June 30,| | | | | |
1864.| | | | | |
-------+----------+--------+-------------+---------+----+
Act of | | | | | |
June 30,| | | | | |
1864. | | | | | |
| | | | | |
| | | | | |
| Five- |5 or 20 |After Oct. |6 % per | — |
| twenties.| years. | 31, 1869. | annum. | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
-------+----------+--------+-------------+---------+----+
Act of | | | | | |
March 3,| | | | | +
1863. | Treasury |3 years.|3 years after| 6 % |Par.|
| notes. | | date. |comp’d | |
Act of | | | |int’est. | |
June 30,| | | | | |
1864. | Treasury |3 years.|3 years after| 6 % | — |
| notes. | | date. |comp’d | |
| | | |int’est. | |
| | | | | |
| Treasury |3 years.|3 years after| 6 % | — |
| notes. | | date. |comp’d | +
| | | |int’est. | |
| | | | | |
| —— | —— | —— | —— | — |
| | | | | |
| | | | | |
| 7.30 |3 years.|3 years after|7.30 % p.|Par.|
| Treas. | | August. | annum. | |
| notes. | | 15, 1864. | | |
| | | | | |
Act of | | | | | |
Jan. 28,| | | | | |
1865.| | | | | |
-------+----------+--------+-------------+---------+----+
Act of | _See_ | | | | |
March 3,| p. 327 | | | | |
1865.| | | | | |
| | | | | |

========+==============+============+===============
| Amount | Amount | Amount
| authorized. | issued. | outstanding.
========+==============+============+===============
Act of | | |
March 3,| | |
1863.| | |
| | |
| $50,000,000 | —— | $22,809,988 59
Act of | | |
June 30,| | |
1864.| | |
-------+--------------+------------+
Act of | | |
June 30,| | |
1864. | | |
| —— | —— | 125,561,300 00
| | |
-------+--------------+------------+---------------
Act of | | |
March 3,| + |
1863. | | $17,250,000|
| | |
Act of | | |
June 30,| | |
1864. | Substit’te | 177,045,770| 122,394,480 00
| redeemed | |
| 5 % notes. | |
| | |
| | 22,728,390|
|--------------+------------+---------------
| | |
| 400,000,000 | |
| | |
| —— | 234,400,000|
Act of | | |
Jan. 28,| | |
1865. | | |
-------+--------------+------------+---------------
Act of | | |
March 3,| | |
1865. | | |
| | |

===================================================================
Acts authorizing Loans, and Synopsis of same.
---------+---------------------------------------------------------
Act of | notes may be made convertible into any bonds authorized
March 3,| by this act, and be of such denominations, not less than
1865,| fifty dollars, and bear such dates, and be made
(_Cont’d._) redeemable or payable at such periods as the Secretary
| of the Treasury may deem expedient. The interest on the
| bonds payable semi-annually; on Treasury notes
| semi-annually, or annually, or at maturity thereof; and
| the principal or interest, or both, be made payable in
| coin or other lawful money; if in coin, not to exceed 6
| per cent. per annum; when not payable in coin, not to
| exceed 7 3-10 per cent. per annum. Rate and character
| to be expressed on bonds or Treasury notes.
---------+----------------------------------------------------------
Acts of |Authorizes the Secretary of the Treasury, at his
April 12,| discretion, to receive any Treasury notes or other
1866, | obligations issued under any act of Congress, whether
| bearing interest or not, in exchange for any description
amendment| of bonds authorized by the act to which this is an
to act | amendment; and also to dispose of any description of
March 3, | bonds authorized by said act, either in the United
1865. | States or elsewhere, to such an amount, in such manner,
| and at such rates as he may think advisable, for lawful
| money of the United States, or for any Treasury notes,
| certificates of indebtedness, or certificates of deposit,
| or other representatives of value, which have been or
| which maybe issued under any act of Congress, the
| proceeds thereof to be used only for retiring Treasury
| notes or other obligations issued under any act of
| Congress: but nothing herein contained shall be
| construed to authorize any increase of the public debt.
---------+----------------------------------------------------------
Acts of |Bonds issued to the Union Pacific Railroad Company, in
July 1, | accordance with these acts.
1862, |
and |
July 2, |
1864. |
---------+----------------------------------------------------------
Act of |For the purpose of redeeming and retiring any compound
March 2,| interest notes outstanding, the Secretary of the
1867. | Treasury is authorized to issue temporary loan
| certificates in the manner prescribed by section four
| 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-fifth, eighteen
| hundred and sixty-two, bearing interest at a rate not
| exceeding three per centum per annum, principal and
| interest payable in lawful money on demand; and said
| certificates of temporary loan may constitute and be
| held by any national bank holding or owning the same,
| as a part of the reserve provided for in sections
| thirty-one and thirty-two of the act entitled “An act
| to provide a national currency secured by a pledge of
| United States bonds, and to provide for the circulation
| and redemption thereof,” approved June three, eighteen
| hundred and sixty-four: _Provided_, That not less
| than two-fifths of the entire reserve of such bank shall
| consist of lawful money of the United States: _And
| provided further_, That the amount of such temporary
| certificates at any time outstanding shall not exceed
| fifty millions of dollars.

(A) = Rate of interest.
(B) = Price of emission.
=========+===========+========+===========+========+====+
| Title. | Length | When | (A) |(B) |
| |of Loan.|redeemable.| | |
=========+===========+========+===========+========+====+
Act of | | | | | |
March 3,| | | | | |
1865,| +————————+ Af’r Aug. +————————+ |
(_Cont’d_)7.30 Treas.| 3 | 14, 1867.| 7.3-10 |Par.|
| notes, 3 | yrs. | Af’r June | per | |
| issues. | | 14, 1868.| cent. | |
| +————————+ Af’r July +————————+ |
| | | 14, 1868.| | |
| | | | | |
| Five- |5 or 20 | Aft’r Oct.|6 % per |Par.|
|twenties. | years. | 31, 1870.|annum. | |
| | | | | |
---------+-----------+--------+-----------+--------+----+
Acts of | | | | | |
April 12,| —— | —— | Af’r June |6 % per |Par.|
1866, | | | 30, 1870. |annum. | |
amendment| | | | | |
to act | | | | | |
March 3, | | | | | |
1865. | | | | | |
---------+-----------+--------+-----------+--------+----+
Acts of | | | | | |
July 1, |Un. Pacific|30 y’rs.| Aft’r Jan.|6 % per |Par.|
1862, | R. R. Co.| | 15, 1895. |annum. | |
and | bonds. | | | | |
July 2, | | | | | |
1864. | | | | | |
| | | | | |
Act of | | | | | |
March 2,| | | | | |
1867. | | | | | |

=========+==============+============+==================
| Amount | Amount | Amount
| authorized. | issued. | outstanding.
=========+==============+============+==================
Act of | | | $488,647,425 00
March 3,| | |
1865,| | |
(_Cont’d_) $600,000,000 | —— |
| | |
| —— | —— |
| | | 181,427,250 00
---------+--------------+------------+
Acts of | | |
April 12,| —— | —— | 301,880,250 00
1866, | | |
amendment| | |
to act | | |
March 3, | | |
1865. | | |
---------+--------------+------------+
Acts of | | |
July 1, | —— | —— | 14,762,000 00
1862, | | |
and | | |
July 2, | | |
1864. | | |
---------+ | |
Act of | | |
March 2,| | |
1867. | | |
| | |
| | +——————————————————
| | | $2,692,199,215 12

STATISTICAL VIEW OF THE STATES, ETC.

_Showing dates of acts creating Territories, and admitting
States—Time of holding general elections—Number
of Representatives in Congress—Date of general
elections in the several States, with number of
Representatives and Senators—Terms of office—Times of
meeting—Location of capitals, etc._

(A) = No. Members of Congress.
================+====================+=============================+
States and | A| Settled. | Date of Act creating |
Territories. | | By whom. |Date.| Territory. State. |
----------------+--+-----------+-----+--------------+--------------+
Alabama |17|French |1713 | Mar. 3, 1817| Mar. 2, 1819|
Arkansas | 2|French |1670 | Mar. 2, 1819| June 15, 1836|
California | 3|Span’d |1769 | | Sept. 9, 1850|
Connecticut[7] | 4|Engl. |1633 | | |
Delaware[7] | 1|Swedes |1627 | | |
Florida | 1|Span’d |1564 | Mar. 3, 1823| Mar. 3, 1845|
Georgia[7] | 8|Engl. |1733 | | |
Illinois |13|French |1749 | Feb. 3, 1809| Dec. 3, 1818|
Indiana |11|French |1730 | May 7, 1800| Apr. 19, 1816|
Iowa | 6|Amer. |1835 | June 12, 1838| Mar. 3, 1845|
Kansas | 1|Amer. |1850 | May 30, 1854| Jan. 29, 1861|
Kentucky | 9|Vir’ns |1775 | | June 1, 1792|
Louisiana | 4|French |1699 | Mar. 26, 1801| Feb. 20, 1811|
Maine | 5|Engl. |1630 | | Mar. 15, 1820|
Maryland[7] | 5|Engl. |1634 | | |
Massachusetts[7]|10|Engl. |1620 | | |
Michigan | 6|French |1670 | Jan. 11, 1805| Jan. 26, 1837|
Minnesota | 2|Amer. |1817 | Mar. 3, 1849| May 14, 1858|
Mississippi | 5|French |1716 | Apr. 7, 1798| Dec. 10, 1817|
Missouri | 9|French |1763 | Mar. 3, 1805| Mar. 6, 1820|
N. Hampshire[7] | 3|Engl. |1623 | | |
New Jersey[7] | 5|Swedes |1627 | | |
New York[7] |31|Dutch |1613 | | |
N. Carolina[7] | 8|Engl. |1650 | | |
Nevada | 1|Amer. |1860 | Mar. 2, 1861| Oct. 31, 1864|
Nebraska | 1|Amer. |1850 | May 30, 1854| Mar. 4, 1867|
Ohio |19|Va & N. Eng|1788 | July 13, 1787| Apr. 30, 1802|
Oregon | 1|Engl. |1796 | Aug. 14, 1848| Feb. 12, 1859|
Pennsylvania[7] |24|Engl. |1682 | | |
Rhode Island[7] | 2|Engl. |1631 | | |
S. Carolina[7] | 6|Engl. |1689 | | |
Tennessee |10|NC & Va |1765 | May 26, 1790| June 1, 1796|
Texas | 2|Span’d |1690 | | Dec. 29, 1845|
Vermont | 3|Engl. |1763 | | Mar. 4, 1791|
Virginia[7] |13|Engl. |1607 | | |
West Virginia | 3|Amer. |—— | | Dec. 31, 1862|
Wisconsin | 6|Amer. |1831 | Apr. 30, 1836| Aug. 6, 1846|
Colorado Ter.[8]| 1|Amer. |1860 | Mar. 2, 1861| |
Dakota Ter.[8] | 1|Amer. |1860 | Mar. 2, 1861| |
New Mexico T.[8]| 1|Span’d |1598 | Sept. 9, 1850| |
Utah Ter.[8] | 1|Amer. |1847 | Sept. 9, 1850| |
Washington T.[8]| 1|Amer. |1848 | Mar. 2, 1853| |
Columbia, D. of | |Md & Va |—— | July 10, 1790| |
================+==============+=====+==============+==============+=

[7] One of the original thirteen States of the Union.

[8] Delegates from Territories who may speak on Territorial questions, but have no vote.