How far these
latter considerations are to be regarded by you in your decision on the
bill is a question which belongs to another place, and on which,
therefore, I forbear to enlarge in this communication. I have the honor
to be, sir, with high respect, your obedient servant,
B.F. BUTLER.
AN ACT designating and limiting the funds receivable for the revenues of
the United States.
_Be it enacted by the Senate and House of Representatives of the United
States of America in Congress assembled_. That the Secretary of the
Treasury be, and hereby is, required to adopt such measures as he may
deem necessary to effect a collection of the public revenue of the
United States, whether arising from duties, taxes, debts, or sales of
lands, in the manner and on the principles herein provided; that is,
that no such duties, taxes, debts, or sums of money, payable for lands,
shall be collected or received otherwise than in the legal currency of
the United States, or in notes of banks which are payable and paid on
demand in the said legal currency of the United States under the
following restrictions and conditions in regard to such notes, to wit:
From and after the passage of this act the notes of no bank which shall
issue or circulate bills or notes of a less denomination than five
dollars shall be received on account of the public dues; and from and
after the thirtieth day of December, eighteen hundred and thirty-nine,
the notes of no bank which shall issue or circulate bills or notes of a
less denomination than ten dollars shall be so receivable; and from and
after the thirtieth day of December, one thousand eight hundred and
forty-one, the like prohibition shall be extended to the notes of all
banks issuing bills or notes of a less denomination than twenty dollars.
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