his section does not expressly give the Secretary power to direct that
any particular notes _shall_ be received for lands or for duties, but it
_forbids_ the receipt of any paper currency other than such bank notes
as are described in the section; and it requires the Secretary to adopt
measures, in his discretion, to effectuate that prohibition.
The second section extends the prohibition still further, by forbidding
the receipt of any notes which the banks in which they are to be
deposited shall not, under the supervision and control of the Secretary
of the Treasury, agree to pass to the credit of the United States as
_cash_; to which is added a proviso authorizing the Secretary to
withdraw the public deposits from any bank which shall refuse to receive
as cash from the United States any notes receivable under the law which
such bank receives in the ordinary course of business on general
deposit.
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.
The bill, should it be approved, will be supplementary to the laws now
in force relating to the same subject, but as it contains no repealing
clause no provision of those former laws, except such as may be plainly
repugnant to the present bill, will be repealed by it.
The existing laws embraced in the above question, and applicable to the
subject, are:
_First. As to duties
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