The third and last section allows the receipt, as heretofore, of land
scrip and Treasury certificates for public lands, and forbids the
Secretary of the Treasury to make any discrimination in the funds
receivable (other than such as results from the receipt of land scrip
or Treasury certificates) between the different branches of the public
revenue.
From this analysis of the bill it appears that, so far as regards bank
notes, the bill designates and limits then: receivableness for the
revenues of the United States, first, by forbidding the receipts of any
except such as have all the characteristics described in the first and
second sections of the bill, and, secondly, by restraining the Secretary
of the Treasury from making any discrimination in this respect between
the different branches of the public revenue. In this way the bill
performs, to a certain extent, the office of "designating and limiting
the funds receivable for the revenues of the United States," as
mentioned in its title; but it would seem from what has been stated
that it is only in this way that any such office is performed. This
impression will be fully confirmed as we proceed.
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