no such circulating notes shall be issued under this paragraph after the president has declared by proclamation that the emergency recognized by the president by proclamation of march 6, 1933, has terminated, unless such circulating notes are secured by deposits of bonds of the united states bearing the circulation privilege.
This note is receivable at par in all parts of the United States, in payable in all taxes & excises and all other dues to the United States except duties on imports, and also for all salaries and other debts & demands owning by the United States to individuals, corporations & associations within the United States except interest on the public debt.
Reply With Quote