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I N D E X.

NotE.—Everything relating to national banking associations is indexed alphabetically under the
head of “NATIONAL BANKS..”

PAGE.
A.
ACT TO STRENGTHEN THE PUBLIC CREDIT.................................................. 81
ANTICIPATING payment of interest on coupon bonds and registered stock................ 71
APPROPRIATION for expenses of refunding loans, under the funding acts................. 9
APPORTIONMENT OF BANK NOTE CIRCULATION. (See National
Banks.)...................................................................................... 114, 153, 155
ASSIGNMENT of registered stock:
By whom made, form, and execution of...................................... & so is to s e e o 'o e o so to o o 57, 58
In foreign countries .............................................................................. 57, 59
B.
BALANCES OF OLD LOANS. (See Monthly Debt Statement.).......................... 25, 78, 79
BANKS AND BANKING ASSOCIATIONS:
NATIONAL. (See National Banks.)......................................................... 100–159
STATE, observations concerning; number formerly existing......................... 99, 100
conversion of, into national banks.............................. * * * * * * * * * * * 129, 145–147
tax on deposits and capital................................................... 142, 158, 159
on notes of in circulation...................................................... 145, 146
returns required from, as a basis of taxation........................................ 143
decisions relating to, cited............................ 86, 126, 127, 129, 134, 145, 146
for savings, how taxed.......................................................... 86, 144, 159
EONIDS:
Amounts of outstanding..................................................................... ... 7, 25, 32
Called in for redemption......................................................................... 19, 20
Authority for calling in, for redemption.................................................... 18, 76
Distinctive features of registered and coupon.............................................. 55, 64
Registered, lost or destroyed, immediate notice of, should be given.................. 60, 62
duplicates of, authority for, and how obtained.............................. 61, 62
interest on, where payable and how .......................................... 69, 70
transfer of by assignment........................................................ 57, 59
Coupon, precautions to be observed concerning................................................ 66
duplicates of, when issued, how obtained ....................................... 66–68
exchange or conversion of ............................................ ............... 8, 68
interest on, where payable................................................... ... 70
transfer of, by delivery, before and after maturity................................. 64
Payment of interest on, may be anticipated.................................................... 71

PAGE.
BONDS—Continued:

Purchase of, by Secretary of the Treasury.................................................. 72, 82
method of proceeding and regulations concerning........................ 73, 74
for the sinking fund.............................................................. 82, 83
Purchased for the sinking fund, are canceled and destroyed........................... 83, 84
Payment and redemption of..................................................................... 75–77
Distinction between “redeemable” and “payable”........................................... 75
Principal of where and how paid.......... ...................................................... 76
and interest, obligation to pay in coin. ................ * * * * * * * * * * * g. * * * g g o & © e o o & 79–82
Taxation of, by Federal and State authority................................. 85–87, 126, 127
Deposit of, by national banking associations..................................... 110, 112, 116

BONDS, ETC., PAYABLE IN COIN:
Schedule of....................................... * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * s a 7
Funded loans............................................................... ‘......................... 8–12
Consols, or 5-20s of 1865, 1867, and 1868.......................................... .............. 12
Five-twenties of 1865........................................................................ ........ 13
June, 1864.......... ... ...................... .................... 14
March, 1864, (all registered.)............................................ ‘s go e o os e o e g 15
1862,........... ................................................................ 17–20
Ten-forties................................................................................................ 15
Loan of 1863, or sixes of 1881..................................................................... 16
July and August, 1861, or sixes of 1881............. * * * * * * * * * * * * * * * * * * * * * * * * * * g e o & s to e 20
February, 1861, or sixes of 1881........................................................ 22
1858, or fives of 1874................... e e s to e s ∈ e s is e a e o e s e o os e o e o e o so e o e * c e s s e e o e e s e < * * * * * g e is 23
Oregon war debt.................................................................................. .... 21
Balances of old loans ............................................................................ 25, 79
Gold certificates......................................................................................... 26
United States notes................................................................................ 35–43
Old demand notes....................... • * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * 43

BONDS, ETC., PAYABLE IN CURRENCY :
(See Certificates, Debt of the United States, Navy Pension Fund, Pacific Railway Bonds,

Fractional Currency.)

C.

CALLING IN BONDS FOR REDEMPTION:
Other than those of funded loan, order of.................................................. 18, 76
Of the funded loans, order of............................................................. ... à to e o 'o 9, 77

CANCELLATION:

Of five-twenty bonds....................................................................... 18, 76, 111
Of early series of gold notes............................................... ......................... 27
Of three per cent, certificates........................................................................ 29
Of notes exchanged for legal tenders........................................................ 37, 38
Of legal tenders under act of April 12, 1866.................................................... 39
issued prior to 1869.......................................................... 43, 50
Of old demand notes...... ............................................................................ 44
Of defaced notes and fractional currency.................................................... 49, 50
Of fragmentary notes ............................................................................ 50, 51
Of bonds purchased for sinking fund................................................ • * g e o so to s is 83, 84

deposited by national banks............... ............................... 111, 132, 133

PAGE
CAVEAT:
Form of, to be filed on loss of registered stock............................................ “.... 62
Effect of, when coupon bonds are lost............................................................ 66
CERTIFICATES: |
Of organization of banks. (See National Banks.)..................... ... ........... 103, 111
Gold certificates; limitation and uses of, etc................................................ 26, 27
Certificates of deposit of U. S. notes, do..................................................... 27, 28
Three per cent, or temporary loan certificates............................................ 28, 153
payable in lawful money....................................................... 28
process of redemption of do................................................... 29
Issued to E. and N. A. Railway Co. of Maine, known as certificates of indebted-
ness of 1870............................................................................................ 30
payable in lawful money............................................................. 31
Of stock, or registered bonds................................................................... 55–57
CLOSING TRANSFER BOOKS of registered stock, dates of......... ...................... 56, 57
effect of on payment of, interest................................. 57
COIN :
Reserve in Treasury; general objects of..................................................... 72, 82
To be used in redeeming five-twenty bonds......... ........................................... 76
purchasing bonds for the sinking fund.................................... 82, 83
What bonds are payable in..................................................................... 79–82
Sale of (See Sales of Gold.)................................................ * * * * * * * * * * g o so e s e o e s a 72–75
COMPTROLLER OF THE CURRENCY. (See National Banks.)......... .............. 101, 102
CONSOLS:
Origin of the term; description of bonds; when payable, etc......................... 12, 13
Otherwise known as five-twenties of 1865, of 1867, and of 1868..................... 12, 13
COUPONS:
May be detached and pass by delivery; decisions of courts respecting.................. 65
Where collectable; advance payments of................................................... 70, 71
Of bonds called in for redemption—fractional payments........... ...~~~~ 76, 77
COUPON BONDS:
Pass by delivery ; decisions of courts respecting title.................................... 64, 65
Precautions to be observed by holders; advantages gained thereby in case of loss... 66
Duplicates of, when defaced or destroyed................................................... 66, 67
when mutilated or indorsed...................................................... 68
regulations for obtaining..................................................... 61–64
no provision for, in case of loss................................................... 67
Conversion of, into registered stock......................................................... 68, 11]
CONSTITUTIONALITY:
Of the legal-tender acts..... ................................................ ...................... . 41
Of the law taxing notes of State banks, &c....... * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * 145
CURRENCY, the introduction of, &c................., - * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * g e s = 44–47, 99
(See United States Notes, Fractional Currency, National Banks.) -
CURRENCY BUREAU, act establishing. (See National Banks)............................... 101
CURRENCY SIXES. (See Pacific Railway Bonds.).................................................. 31

D.

DEBT OF THE UNITED STATES: -
Bearing interest and payable in coin. (See Bonds, etc., Payable in Coin.) 7–24, 79–82.

DEBT OF THE UNITED STATES.–Continued: PAGE.
Bearing interest and payable in lawful money, viz:
Three per cent, or temporary loan certificates......................................... 28
Navy pension fund......... • * * * to e o 'o a to e o a o e s & e o 'o s e e o o os e o e o is a e e g o e o e s e o 'o e o e o e o o e g g g o e e s e o t e o e s to 29
Certificates of indebtedness of 1870...................................................... 30
Pacific railway bonds........................ * * * * * * * * * * e s to e o e o os e e s e o os e o 'o e o so e s to a se e o a s a g o e o G s s & 31
Bearing no interest and payable in coin, viz:
Balances of loans contracted prior to February 25, 1862....................... 25, 79
Gold certificates........................................... , is to & 8 & e o 'o e o a to e s to w to * * * * * * * g g o a o e o e g o a s 26
United States notes............................................................................ 35
Old demand notes ............................................................................. 43
Bearing no interest, and payable in lawful money, viz:
Certificates of deposit........................................................................ 27
Fractional currency .......................................................................... 44
Highest point reached in............................................................ * to o so a to $ to $ to o so s is e o so 92
Reduction of up to September 1, 1872........................................................... 93
Not to be increased by virtue of any existing law............................................ 9
General statement of loans from the earliest period...................................... 93–96
Monthly statement of............................................................................ 77,78
DEFACED OR DESTROYED BONDS:
Duplicates may be obtained in lieu of ............................................... 60–63, 66–68
except of classes called in for redemption.......................................... 67
DEFACED AND MUTILATED CURRENCY.................................................... 49–54
(See United States Notes, Fractional Currency.)
DISTINCTIVE PAPER :
Exclusively used for bonds and other obligations of the United States.................. 48
Peculiarities of; circular respecting............................................................... 48
Unauthorized possession of, a penal offense; penalties incurred........................... 48
E.
EXTINGUISHMENT OF THE PUBLIC DEBT:
By operation of the sinking fund......................................................... 82–85, 93
An established feature of national policy........................................................ 88
Extracts from messages of Presidents recommending the............................... 88–91
In 1835, celebration on account of................................................................. 91
Distribution of surplus revenue after, in 1837................................................... 92
Rates of premium paid for purposes of............................................................ 92
F. -
FOUR PER CENT. BONDS. (See Funded Loans.)............................................... 9, 11
FOUR-AND-A-HALF PER CENT. BONDS. (See Funded Loans).......................... 9, 10
FIVE PER CENT. BONDS:
Of 1874, description of the loan.................................................................... 23
- oldest outstanding loan not called in for redemption............................. 24
Of 1881. (See Funded Loans)..................................................................... 10
Of 1904. (See Tenoforties)..................................................................... 15, 16
FIVE-TWENTY BONDS :
Of 1863, description of............................................................................ 13, 14

Of 1865, 1867, and 1868, or Consols.......................................................... 12, 13
AGE
FIVE-TWENTY BONDS—Continued: P
Of June, 1864, description of........................................................................ 14
Of March, 1864, description of...................................................................... 15
Of 1862, description of...................... - e. g. s is a to so e s e o e o $ to go to o is s e o e s p * * * * * * * * e o e o o so to e o e o 'o e o e s a e o a o os e o s 17
origin of the loan; description of series........................................... 17, 18
list of, called in for redemption.................................................... 19, 20
FRACTIONAL CURRENCY :
Origin and necessity of................................................................................ 44
Acts of Congress authorizing.................. .......................................... .* * * * * * 45, 46
First issued as “postage currency."............................................................... 46
General description and characteristics of........................................................ 47
Limited to fifty millions................... .......................................................... 47
Amount required for circulation.................................................................... 47
Mutilated or defaced, regulations for redemption of...................................... 49–52
Old, defaced and mutilated, may be exchanged for new..................................... 53
FUNDED LOANS:
Acts of authorization............................................................................... 8–10
Description of loans and bonds................................................................. 10–12
Bonds of, wholly exempt from taxation.................................................. 9, 11, 87
principal and interest payable in coin..................... * * * * * * * * * * * g e o 'o to e o o 8, 11, 82
may be either registered or coupon.......... ......................................... 8
how exchanged for 5-20's......................................................... ....... 9
how called in for payment......................................... s to e o o is e s a to $ to so e g o & 9, 77
amount which may be issued, viz:
$500,000,000 five per cents of 1881.................................... 8, 10
$300,000,000 four-and-a-half per cents of 1886.......................... 9
$1,000,000,000 four per cents of 1901...................................... 9
but not exceeding, in all, $1,500,000,000................................. 1()
interest on, payable quarterly........... ......................................... 10, 11
Interest on registered bonds, paid by check..................................................... 69
Expenses of negotiating, &c., appropriation for.................................................. 9
Only loans now offered by the Government................. ................................... 11
Faith of the United States pledged by act of Congress to payment of, in coin......... 82
G.
GOLD. (See Coin, Sales of Gold.)............................................................. 72, 76, 82, 83
GOLD BANKS AND GOLD NOTES. (See National Banks.).................................... 154
GOLD CERTIFICATES. (See Certificates.)............................................................ 26
GOVERNMENT:
Its necessities and powers, observations concerning.......................................... 99
Duty of, to redeem its obligations in coin, unless otherwise expressly provided in
the contract.................................................................. 40, 79, 81
Faith of the United States solemnly pledged to such redemption......................... 81.
GREEN BACKS:
Origin of the term. (See United States Notes)................................................ 35
H.
HOLDERS OF GOVERNMENT SECURITIES :
Dilatory in claiming payment...................................................................... 25

Precautions to be observed by.................................................................... 60, 66

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