The bank notes spoken of in the bill before me, having
never been made receivable by law, must be regarded as belonging to the
latter class, and not to the former; and there can therefore be no
greater obligation under the present bill, should it become a law, to
receive them in payment than there was to receive the paper of the
State banks under the resolution of 1816.
As to the difference between this bill and the joint resolution of 1816,
the bill differs from that resolution in the following particulars:
First. It says nothing of Treasury notes and the notes of the Bank of
the United States, which by the resolution of 1816 are recognized as
having been made receivable by laws then in force in payment of public
dues of all descriptions.
Second. It abridges the discretion left with the Secretary of the
Treasury by that resolution, by positively forbidding the receipt of
bank notes not having the characteristics described in the first and
second sections of the bill; whereas the receipt of some of the notes so
forbidden might, under the resolution of 1816, have been allowed by the
Secretary.
Third.
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