bonds redeemed

or paid.

256, s. 6, v. 16, p. 273, ante, p. 85.

Third. The residue to be paid into the Treasury. Cancellation of SEC. 3695. All bonds applied to the sinking-fund, and all other United States bonds redeemed or paid by the United 14 July, 1870, C. States, shall be canceled and destroyed. A detailed record of the bonds so canceled and destroyed shall be first made in the books of the Treasury Department. The amount of the bonds of each class that have been canceled and destroyed shall be deducted respectively from the amount of each class of the outstanding debt of the United States.

Addition to

sinking fund.

SEC. 3696. In addition to other amounts that may be Ibid, ante, p. 85. applied to the redemption or payment of the public debt, an amount equal to the interest on all bonds belonging to the sinking-fund shall be applied, as the Secretary of the Treasury shall from time to time direct, to the payment of the public debt.

Redemption of six per cent. bonds.

p. 84.

SEC. 3697. The Secretary of the Treasury is authorized, with any coin in the Treasury which he may lawfully apply Ibid., B. 4, ante to such purpose, or which may be derived from the sale of any of the bonds which he may be authorized to dispose of for that purpose, to pay at par and cancel any six per centum bonds of the United States of the kind known as five-twenty bonds, which have become or shall hereafter become redeemable by the terms of their issue. But the particular bonds so to be paid and canceled shall in all cases be indicated and specified by class, date, and number, in the order of their numbers and issue, beginning with the first numbered and issued, in a public notice to be given by the Secretary of the Treasury, and, in three months after the date of such public notice, the interest on the bonds so selected and advertised to be paid shall cease.

Payment of interest.

SEC. 3698. The Secretary of the Treasury shall cause to be 9 Feb., 1847, c. paid, out of any money in the Treasury not otherwise appropriated, any interest falling due, or accruing, on any portion of the public debt authorized by law.

7, v. 9.

Anticipation of

interest.

61.

SEC. 3699. The Secretary of the Treasury may anticipate 17 Mar., 1864, the payment of interest on the public debt, by a period not 404, ante, p. 3. P. exceeding one year, from time to time, either with or without a rebate of interest upon the coupons, as to him may seem expedient; and he is authorized to dispose of any gold in the Treasury of the United States, not necessary for the payment of interest of the public debt. The obligation to create the sinking-fund shall not, however, be impaired thereby. SEC. 3700. The Secretary of the Treasury may purchase 17 Mar., 1862, c. coin with any of the bonds or notes of the United States, 458. 1. 12, P. authorized by law, at such rates and upon such terms as he may deem most advantageous to the public interest.

Purchase of

coin.

370, ante, p. 49.

SEC. 3701. All stocks, bonds, Treasury notes, and other obligations of the United States, shall be exempt from taxation by or under State or municipal or local authority.

Duplicate

;

for bonds destroyed.

1 June, 1872 c.

254, s. 1, v. 17, p.

196, ante, p. 88.

28 Jan., 1865, c. 22, s. 1, v. 13, p. 425, ante, p. 71; 3 Mar., 1865, c. 77, s. 2, v. 13, p. 469, ante, p. 73; 14 July, 1870, c. 256, s. 1. v. 16, p. 272, ante, p. 83; 3 Mar., 1864, c. 17, s. 1, v. 13, p. 13, ante, p. 61; 3 Mar., 1863, c. 73, s. 1, v. 12, p. 710, ante, p. 54 25 Feb., 1862, c. 33, s. 2, v. 12, p. 346, ante, p. 45; Bank vs. Supervisors, 7 Wall., 26. SEC. 3702. Whenever it appears to the Secretary of the Treasury, by clear and unequivocal proof, that any interestbearing bond of the United States has, without bad faith upon the part of the owner, been destroyed, wholly or in part, or so defaced as to impair its value to the owner, and such bond is identified by number and description, the Secretary of the Treasury shall, under such regulations and with such restrictions as to time and retention for security or otherwise as he may prescribe, issue a duplicate thereof, having the same time to run, bearing like interest as the bond so proved to have been destroyed or defaced, and so marked as to show the original number of the bond destroyed and the date thereof. But when such destroyed or defaced bonds appear to have been of such a class or series as has been or may, before such application, be called in for redemption, instead of issuing duplicates thereof, they shall be paid, with such interest only as would have been paid if they had been presented in accordance with such call.

SEC. 3703. The owner of such destroyed or defaced bond shall surrender the same, or so much thereof as may remain, and shall file in the Treasury a bond in a penal sum of double the amount of the destroyed or defaced bond, and the interest which would accrue thereon until the principal becomes due and payable, with two good and sufficient sureties, residents of the United States, to be approved by the Secretary of the Treasury, with condition to indemnify and save harmless the United States from any claim upon such destroyed or defaced bond.

Indemnity for destroyed bonds. Ibid., 8.2.

lost registered

3 Mar., 1871,

SEC. 3704. Whenever it is proved to the Secretary of the Duplicate of Treasury, by clear and satisfactory evidence, that any duly bond may be is registered bond of the United States, bearing interest, is. sued. sued for valuable consideration in pursuance of law, has res. 49, v. 16, p. 600, ante, p. 86. been lost or destroyed, so that the same is not held by any person as his own property, the Secretary shall issue a duplicate of such registered bond, of like amount, and bearing like interest and marked in the like manner as the bond so proved to be lost or destroyed.

SEC. 3705. The owner of such missing bond shall first file in the Treasury a bond in a penal sum equal to the amount of such missing bond, and the interest which would accrue thereon, until the principal thereof becomes due and pay

Indemnity for missing bond.

Ibid.

coupon bonds.

172, s. 7, v, 13, p.

able, with two good and sufficient sureties, residents of the United States, to be approved by the Secretary of the Treasury, with condition to indemnify and save harmless the United States from any claim because of the lost or destroyed bond.

Exchange of SEC. 3706. The Secretary of the Treasury is hereby au registered for thorized to issue, upon such terms and under such regula30 June, 1864, c. tions as he may from time to time prescribe, registered 220, ante, p. 67. bonds in exchange for and in lieu of any coupon-bonds which have been or may be lawfully issued; such registered bonds to be similar in all respects to the registered bonds issued under the acts authorizing the issue of the couponbonds offered for exchange.

Credit to offi. cers for stolen notes.

180, s. 2, v. 9.

C.

SEC. 3707. When any officer or agent duly authorized to receive, redeem, or cancel any Treasury notes issued by 10 Aug, 1846, authority of law, shall receive, or pay, any Treasury note which has been previously received or redeemed by any officer or agent having authority to receive or redeem such note, and which has subsequently thereto been purloined and put into circulation, the Secretary of the Treasury, upon full and satisfactory proof that the same has been received or paid in good faith, and in the exercise of ordinary prudence, may allow a credit for the amount of such note, to the officer or agent so receiving or paying the same.

Imitating United States securi

[See R. S., ss.

p. 135.]

SEC. 3708. It shall not be lawful to design, engrave, print, ties, or printing or in any manner make or execute, or to utter, issue, disbusiness cards, &c., on them; tribute, circulate, or use, any business or professional card, penalty. 5 Feb., 1867, c. notice, placard, circular, handbill, or advertisement, in the 26, ss. 2, 3, v. 14. likeness or similitude of any bond, certificate of indebted5413, 5414, post, ness, certificate of deposit, coupon, United States note, Treasury note, fractional note, or other obligation or security of the United States which has been or may be issued under or authorized by any act of Congress heretofore passed or which may hereafter be passed; or to write, print, or otherwise impress upon any such instrument, obligation, or security any business or professional card, notice, or advertisement, or any notice or advertisement of any matter or thing whatever. Any person violating this section shall be liable to a penalty of one hundred dollars, recoverable one half to the use of the informer.

CRIMES AGAINST THE OPERATIONS OF THE
GOVERNMENT.

FORGERIES, FRAUDS, ETC.

Obligations or of the United

other securities

States defined.

30 June, 1864, c. 172, 8. 13, v. 13, p.

222, ante, p. 70.
[Amended Feb.

18, 1875, by insert

"national," in 3d word "bank."]

SEC. 5413. The words "obligation or other security of the United States " shall be held to mean all bonds, certificates of indebtedness, national [bank] currency, coupons, United States notes, Treasury notes, fractional notes, certificates of deposit, bills, checks, or drafts for money, drawn by or upon authorized officers of the United States, stamps and other ing after the word representatives of value, of whatever denomination, which line, the have been or may [be] issued under any act of Congress. SEC. 5414. Every person who, with intent to defraud Forging or coun terfeiting United falsely makes, forges, counterfeits, or alters any obligation States securities. or security of the United States shall be punished by a fine Ibid., s. 10,ante, of not more than five thousand dollars and by imprisonment at hard labor not more than fifteen years.

p. 68.

Counterfeiting national bank

3 June, 1864, c.

SEC. 5415. Every person who falsely makes, forges, or counterfeits, or causes or procures to be made, forged, or notes. counterfeited, or willingly aids or assists in falsely making, 106, s. 59, v. 13, p. forging, or counterfeiting, any note in imitation of, or pur. 117, post, p. 180. porting to be in imitation of, the circulating notes [i]ssued by any banking association now or hereafter authorized and acting under the laws of the United States; or who passes, utters, or publishes, or attempts to pass, utter, or publish, any false, forged, or counterfeited note, purporting to be issued by any such association doing a banking business, knowing the same to be falsely made, forged, or counterfeited, or who falsely alters, or causes or procures to be falsely altered, or willingly aids or assists in falsely altering any such circulating notes, or passes, utters, or publishes, or attempts to pass, utter, or publish as true, any falsely altered or spurious circulating note issued, or purporting to have been issued, by any such banking association, knowing the same to be falsely altered or spurious, shall be imprisoned at hard labor not less than five years nor more than fifteen years, and fined not more than one thousand dollars.

*

SEC. 5430. Every person having control, custody, or possession of any plate, or any part thereof, from which has been printed, or which may be prepared by direction of the Secretary of the Treasury for the purpose of printing, any obligation or other security of the United States, who uses such plate, or knowingly suffers the same to be used for the purpose of printing any such or similiar obligation, or other

Passing, selling, concealing, &c.,

tions.

security, or any part thereof, except as may be printed for the use of the United States by order of the proper officer thereof; and every person who engraves, or causes or procures to be engraved, or assists in engraving, any plate in the likeness of any plate designed for the printing of such obligation or other security, or who sells any such plate, or who brings into the United States from any foreign place any such plate, except under the direction of the Secretary of the Treasury or other proper officer, or with any other intent, in either case, than that such plate be used for the printing of the obligations or other securities of the United States; or who has in his control, custody, or possession any metallic plate engraved after the similitude of any plate from which any such obligation or other security has been printed, with intent to use such plate, or suffer the same to be used in forging or counterfeiting any such obligation or other security, or any part thereof; or who has in his possession or custody, except under authority from the Secretary of the Treasury or other proper officer, any obligation or other security, engraved and printed after the similitude of any obligation or other security issued under the authority of the United States, with the intent to sell or otherwise use the same; and every person who prints, photographs, or in any other manner makes or executes, or causes to be printed, photographed, made, or executed, or aids in printing, photographing, making, or executing any engraving, photograph, print, or impression in the likeness of any such obligation or other security, or any part thereof, or who sells any such engraving, photograph, print, or impression, except to the United States, or who brings into the United States from any foreign place any such engraving, photograph, print, or impression, except by direction of some proper officer of the United States, or who has or retains in his control or possession, after a distinctive paper has been adopted by the Secretary of the Treasury for the obligations and other securities of the United States, any similar paper adapted to the making of any such obligation or other security, except under the authority of the Secretary of the Treasury or some other proper officer of the United States, shall be punished by a fine of not more than five thousand dollars, or by imprisonment at hard labor not more than fifteen years, or by both.

SEC. 5431. Every person who, with intent to defraud, forged obliga- passes, utters, publishes, or sells, or attempts to pass, utter, Ibid., s. 10, ante, publish, or sell, or brings into the United States with intent to pass, publish, utter, or sell, or keeps in possession or con

p. 68.