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 #55 
 
 Conf Pam 12mo #55 
 
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 [ Secret.] 
 HOUSE OF REPRESENTATIVES, February 20, 1863. 
 
 MR. GARNETT'3 AMENDMENT 
 To Bill of the Senate " To provide for the further issue of treasury 
 notes and for other purposes/' by striking out all after the enacting 
 clause, and inserting in lieu thereof the following : 
 
 1 That all treasury notes not bearing interest, issuer! on 
 
 2 and after the first day of June, 1833, and before the first day of 
 
 3 November, 1863, shall be fundable in bonds, bearing titerest at 
 
 4 the rate of six per centum per annum. 
 
 1 Sec. 2. That all treasury note3 not bearing interest, issued on 
 
 2 and after the first day of November, 1833, shall be fundable in 
 
 3 bonds, bearing interest at the rate of five per centu^ f er annum. 
 1 Sec. 3. The Secretary oi Ov Treasury is authorized to issue 
 
 . 2 an amount of treasury notes sufficient to meet the appropriations 
 
 3 heretofore made, or which may be made at this session, and also 
 
 4 certificates of stock or bonds, sufficient to fund the treasury notes 
 
 5 hereby authorized to be issued. Such stock or bonds shall be 
 
2 
 
 6 made redeemable £ve years, and payable thirty years, after their 
 
 7 dates, and shall in other respects conform to existing laws. 
 
 1 Sec. 4. Every call certificate shall hereafter be fundable in 
 
 2 such stock as the treasury notes lawfully issuable at its date, 
 
 3 could be funded in, if themselves presented, instead of the call 
 
 4 certificates ; but it shall be payable only in such non-interest 
 
 5 bearing treasury notes a3 may be lawfully issued when such pay- 
 
 6 ment is demanded. 
 
 1 Sec 5. The Secretary of the Treasury, immediately after the 
 
 2 passage of this act, shall publish it for one month in at least two 
 3\ newspapers in each State ; and he shail every month publish in 
 
 4 \ one or more newspapers at the seat of Government a statement, 
 
 5 showing the amount of each class and description of treasury 
 
 6 no\es and bonds issued and redeemed during the preceding month, 
 
 7 and \Jso the amount outstanding on the first day of the said 
 $ precedi^r month, and on the first day of the current month. 
 
 13 
 
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