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May 26, 1906, c. 2558, cited above, by changing the words "one hundred” to "fifty” and by adding to that proviso a clause directing the Secretary of the Treasury to coin all gold bullion held in the reserve fund in excess of $50,000,000; but the proviso was restored to read as originally enacted and as set forth here, with the addition after the words "gold coin" of the words "and bullion," by Act March 4, 1907, c. 2913, § 1, cited above. The lastmentioned act also amended the first sentence of the section by limiting the issue of gold certificates to denominations not less than ten dollars instead of twenty dollars. The section was further amended to read as set forth here by adding the last two provisos preceding the clause repealing R. S. $ 5193, by Act March 2, 1911, c 190, cited above.

None of the provisions of the Parity Act of March 14, 1900, of which this section was part, were to be repealed by the Federal Reserve Act of Dec. 23, 1913, c. 6, by section 26 of said act, post, $ 9803, and by further provisions of said section the Secretary of the Treasury was authorized for the purpose of maintaining parity and to strengthen the gold reserve to borrow gold in the security of United States bonds authorized by section 2 of the Parity Act, ante, 6481, or for one-year gold notes bearing interest at a rate of not to exceed three per centum per annum, or sell the same if necessary.

The provisions of this section practically superseded to a great extent, those of R. S. $ 254, and Act July 12, 1882, c. 290, § 12, ante, $8 6564, 6566.

R. S. § 5193, repealed by the last clause of this section, provided for the issue, by the Secretary of the Treasury, of certificates for deposits with him of United States notes, by national banks.

(R. S. § 3583. Repealed.) This section was incorporated in the Criminal Code, in section 168 thereof, post, $ 10338, and was repealed by section 341 thereof, post, $ 10515.

§ 6568. (Act June 30, 1876, c. 156, $ 5.) Counterfeit notes to be

marked. All United States officers charged with the receipt or disbursement of public moneys, and all officers of national banks, shall stamp or write in plain letters the word “counterfeit” “altered" or "worthless," upon all fraudulent notes issued in the form of, and intended to circulate as money, which shall be presented at their places of business; and if such officers shall wrongfully stamp any genuine note of the United States, or of the national banks, they shall, upon presentation, redeem such notes at the face value thereof. (19 Stat. 64.)

This section was part of an act relating to receiverships of national banks, other sections of which are set forth post, under Title LXII, "National

Banks." § 6569. (Act Aug. 13, 1894, c. 281, $ 1.) State taxation of na

tional bank and United States legal-tender notes, certificates,

etc. Circulating notes of national banking associations and United States legal tender notes and other notes and certificates of the United States payable on demand and circulating or intended to circulate as currency and gold, silver or other coin shall be subject to taxation as money on hand or on deposit under the laws of any State or Territory: Provided, That any such taxation shall be exercised in the same manner and at the same rate that any such State or Territory shall tax money or currency circulating as money within its jurisdiction. (28 Stat. 278.)

This section and the section next following were an act entitled "An act to subject to State taxation national bank notes and United States Treas

ury notes." § 6570. (Act Aug. 13, 1894, c. 281, § 2.) Taxation of national

banks not affected by act. The provisions of this Act shall not be deemed or held to change existing laws in respect of the taxation of national banking associations. (28 Stat. 278.)

(2949)

LEGAL TENDER

Sec.
6571. Foreign coins.
6572. Gold coins of the United States.
6573. Subsidiary silver coins.
6574. Minor coins.

Sec.
6575. United States notes.
6576. Demand Treasury notes.
6577. Interest-bearing notes.

§ 6571. (R. S. § 3584.) Foreign coins.

No foreign gold or silver coins shall be a legal tender in payment of debts.

Act Feb. 21, 1857, c. 56, § 3, 11 Stat. 163.

Provisions relating to the value of foreign coins in money of the United States, and for the recoinage of foreign coins, were made by R. S. 88 3564 3568, and subsequent statutes, ante, 88 6536-6340.

Silver coins struck by the government of Hawaii were to be legal tender in the Territory of Hawaii until Jan. 1, 1904, and not afterwards; and silver certificates issued by that government, intended to circulate as money, were to be redeemed by the Territorial government, on or before Jan. 1, 1905, and after that date it should be unlawful to circulate the same as money, by provisions of Act Jan. 14, 1903, c. 186, 88 5, 6, ante, 88 3744, 3745.

The coinage by the government of the Philippine Islands of various silver and minor coins for use in the Islands was authorized, and the legal tender quality of such coins, as well as of the gold coins of the United States, in the Islands, was prescribed by Act July 1, 1902, c. 1369, &$ 76–83, and Act March 2, 1903, c. 980, ante, $$ 3886–3903; and by section 13 of the act last mentioned, 32 Stat. 955, all provisions of law in force in the Islands making any form of money legal tender after Dec. 31, 1903, except as provided in that act,

were repealed. § 6572. (R. S. § 3585.) Gold coins of the United States.

The gold coins of the United States shall be a legal tender in all payments at their nominal value when not below the standard weight and limit of tolerance provided by law for the single piece, and, when reduced in weight below such standard and tolerance, shall be a legal tender at valuation in proportion to their actual weight.

Act Feb. 12, 1873, c. 131, § 14, 17 Stat. 426.

(R. S. § 3586. Superseded.) This section provided that the silver coins of the United States should be a legal tender, at their nominal value, for any amount not exceeding fire dollars in any one payment. It was superseded by the following provisions: Res. July 22, 1876, No. 17, § 2; Act Feb. 28, 1878, c. 20, § 1; Act June 9, 1879, c. 12, $ 3.

Res. July 22, 1876, No. 17, § 2, 19 Stat. 215, provided that the trade-dollar should no longer be a legal tender, and the Secretary of the Treasury was authorized to limit from time to time the coinage thereof to such an amount as he might deem sufficient to meet the export demand for the same. The laws authorizing the coinage and issuance of trade-dollars were repealed by Act March 3, 1887, c. 396, 24, Stat. 635, and said resolution is therefore omitted from this compilation.

Act Feb. 28, 1878, c. 20, the Bland-Allison Coinage of Silver Act, ante, $$ 6453, 6454, made the standard silver dollar and all silver dollars of like weight and fineness previously issued legal tender, at their nominal value,

for all debts and dues, public and private, except where otherwise expressly stipulated in the contract, and except in payment of gold certificates of deposit issued under the provisions of R. S. § 254, ante, § 6564.

Act June 9, 1879, c. 12, § 3, post, $ 6573, made the silver coins of the United States of smaller denominations than one dollar legal tender in all sums not exceeding ten dollars, in full payment of all dues, public and private.

The twenty-cent piece, the coinage of which was authorized by Act March 3, 1875, c. 143, § 1, 18 Stat. 478, was made a legal tender at its nominal value for any amount not exceeding five dollars in any one payment, by sec

tion 2 of said act. The act was repealed by Act May 2, 1978, c. 79, 20 Stat. 47. § 6573. (Act June 9, 1879, c. 12, § 3.) Subsidiary silver coins.

The present silver coins of the United States of smaller denominations than one dollar shall hereafter be a legal tender in all sums not exceeding ten dollars in full payment of all dues public and private. (21 Stat. 8.)

This was a section of an act to provide for the exchange of subsidiary coins,

etc., other sections of which are set forth ante, 88 6545-6547. § 6574. (R. S. § 3587.) Minor coins.

The minor coins of the United States shall be a legal tender, at their nominal value for any amount not exceeding twenty-five cents in any one payment.

Act Feb. 12, 1873, c. 131, $ 16, 17 Stat. 427. § 6575. (R. S. $ 3588.) United States notes.

United States notes shall be lawful money, and a legal tender in payment of all debts, public and private, within the United States, except for duties on imports and interest on the public debt.

Act Feb. 25, 1862, c. 33, § 1, 12 Stat. 345. Act July 11, 1862, c. 142, $ 1, 12 Stat. 532. Res. Jan. 17, 1863, No. 9, 12 Stat. 823. Act March 3, 1863,

c. 73, § 3, 2 Stat. 711, § 6576. (R. S. § 3589.) Demand Treasury notes.

Demand Treasury notes authorized by the act of July seventeen, eighteen hundred and sixty-one, chapter five, and the act of February twelve, eighteen hundred and sixty-two, chapter twenty, shall be lawful money and a legal tender in like manner as United States notes.

Act July 17, 1861, c. 5, § 1, 12 Stat. 259. Act Feb. 12, 1862, c. 20, 12 Stat. 338. Act Feb. 25, 1862, c. 33, § 1, 12 Stat. 345. Act March 17, 1862, c. 45, 8 2, 12 Stat. 370.

Treasury notes are payable to any creditor of the United States, by R. S.

§ 3476, ante, 8 6382. § 6577. (R. S. § 3590.) Interest-bearing notes.

Treasury notes issued under the authority of the acts of March three, eighteen hundred and sixty-three, chapter seventy-three, and June thirty, eighteen hundred and sixty-four, chapter one hundred and seventy-two, shall be legal tender to the same extent as United States notes, for their face value, excluding interest: Provided, That Treasury notes issued under the act last named shall not be a legal tender in payment or redemption of any notes issued by any bank, banking association, or banker, calculated and intended to circulate as money.

Act March 3, 1863, c. 73, § 2, 12 Stat. 710. Act June 30, 1864, c. 172, & 2, 13 Stat. 218.

Title XL

THE PUBLIC MONEYS

Sec. 6578. The Treasury of the United

States. 6579. Certain mints and assay-offices

to be depositories. 6580. Depositories in Cuba, Porto Ri.

co, and Philippine Islands. 6581. Depositories in Philippine Is

lands. 6582. Public moneys subject to draft

of the Treasurer. 6583. Superintendent of mint at Car

son and assay-office at Boisé

City to be assistant treasurers. 6584. Appointment, etc., of assistant

treasurers. 6585. Office of assistant treasurer at

Charleston abolished; depositories at Buffalo, Santa Fé, and

Pittsburgh discontinued. 6586. Salaries of assistant treasurers. 6587. Receipt of commissions and per

quisites forbidden. 6588. Rooms for use of assistant treas

urers. 6589. Their care and the use of the

rooms. 6590. Bonds of assistant treasurers. 6591. Subordinate officers, etc., at Bos

ton. 6592. Deputy assistant treasurer at

New York. 6593. Appointment and salaries of sub

Sec. 6606. Moneys to be deposited without

deduction. 6607. Receipts from private telegrams

sent over Government lines. 6608. Private messages over telephone

lines controlled by Treasury

Department. 6609. Proceeds of sales of material. 6610. Payment of expenses of sales of

property from proceeds. 6611. Penalty for withholding money. 6612. Duty of disbursing officers. 6613. Authority to officers to keep in

their possession funds for subsistence of the Army, for pay.

ments of small amounts. 6614. Acting disbursing officer in case

of sickness or unavoidable absence of disbursing clerk or disbursing agent in executive department, etc., in Washington,

D. C. 6615. Moneys to be deposited with pub

lic depositary; receipts; Postal

revenues. 6616. Accounts. 6617. Accounts of disbursing officers. 6618. Distinct accounts required. 6619. Accounts of disbursements under

Army appropriation acts. 6620. Payment of pressing obligations

by disbursing officers of Quar. termaster's Department, al. though balance under proper appropriation insufficient, authorized; adjustment of

ac

ordinate officers, etc., at New

York. 6594. Appointment of other clerks, mes

sengers, etc., at New York. 6595. Subordinate officers, etc., at Phil

adelphia. 6596. At Baltimore. 6597. At St. Louis. 6598. At New Orleans. 6599. At San Francisco. 6600. At Chicago. 6601. At Cincinnati. 6602. Deputies in case of sickness or

absence. 6603. Bond of special agents. 6604. Collectors of public moneys to

pay over. 6605. How marshals and district at

torneys may pay into Treas

ury.

counts, 6621. Payment of pressing obligations by disbursing officers of Ord

Department, although balance under proper appropriation insufficient, authorized;

adjustment of accounts. 6622. Payment of pressing obligations

by disbursing officers of Engineer Department, although balance under proper appropriation insufficient, authorized; ad.

justment of accounts. 6623. Suits to recover money from offi

cers, regulated.

nance

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