Entered according to Act of Congress, in the year 1872, by

WILLIAM A. RICHARDSON,

In the Office of the Librarian of Congress, at Washington, D. C.

CONTENTS.

PART I.

PRACTICAL INFORMATION CONCERNING THE PUBLIC DEbt.

CHAPTER I.

Bonded debt not matured, payable in coin__

CHAPTER II.

Debt which has ceased to bear interest; coin certificates; certifi-

cates of deposit; debt bearing interest in currency---

CHAPTER III.

United States notes and fractional currency; distinctive paper;

exchange of mutilated and defaced notes, etc.

CHAPTER IV.

Registered and coupon bonds, how transferred; issue of dupli-

cates in case of loss or destruction; conversion of bonds; pay-

ment of interest.__

CHAPTER V.

Coin in the treasury; sale of gold; purchase of bonds; redemp-

tion of bonds; monthly debt statement_

CHAPTER VI.

Obligation to pay principal and interest in coin; the sinking

fund; taxation of United States bonds-

page.

14420

25

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55

72

79

CHAPTER VII.

Established policy of the country, coeval with the constitution,

to maintain the public credit, to gradually pay the principal of

all loans, and to avoid a permanent national debt---

88

PART II.

THE NATIONAL BANKING LAWS OF THE UNITED STATES, WITH NOTES

and REFERENCES TO THE DECISIONS OF THE COURTS AND OPINIONS

OF THE ATTORNEYS GENERAL THEREon.

1. Preliminary observations..

2. Act of June 3, 1864, authorizing the formation of national
banks__.

7. Act of February 10, 1868, defining the "place" where banks.

may be taxed.

IOI

3. Act of June 30, 1864, section 110, taxing State banks, &c. 142

4 Act of March 3, 1865, taxing notes of State banks, &c., and

relating to State banks converted into national banks----- 145

5. Act of March 2, 1867, in relation to three per cent. certifi-

cates which may be held by banks as part of their reserves. 147

6. Act of March 26, 1867, section 2, taxing the notes of towns,

cities, and municipal corporations----

12. Act of July 8, 1870, declaring what officers are subject to the

penalties against embezzlement_ __

13. Act of July 12, 1870, to provide for the redemption of three

per cent. certificates, for an increase of national bank notes,

and for the formation of national gold banks.

INDEX

PAGE.

8. Act of February 19, 1869, to prevent the loaning of money on

United States notes and the withholding of them from use. 149

9. Act of March 3, 1869, requiring returns from banks-
149

13. Act of March 3, 1869, in relation to certified checks---- 151

11. Act of April 6, 1869, to punish persons aiding or abetting

officers of banks in embezzling funds----

99

148

148

151

157

14. Act of July 14, 1870, requiring national banks going into

liquidation to retire their circulating notes...

15. Act of June 6, 1872, amending act taxing State banks, &c. 158

16. Regulations as to payment of duties by national banks------ 160

165

152

152