Show The Relundius Bill Washington 18 Following is the text of the bill to facilitate the refunding of the national debt agreed upon by the committee of ways and means Be it enacted ttc That all existing provisions of law authorizing the refund log ol tho national debt shall apply lo any bonds of the United States be ring a higher rate of Interest tbn 4M per cent t per annum which may hereafter become redeemable provided that in lieu of tho bon s authorized to bo issued by the act of July 14 1874 entitled An act to authorize refunding tho national debt and I acts amendatory thereto and tho certificates cer-tificates authorized by the act of February 26th 1875 entitled An act to author ize refunding tho public debt I tho bonds and notes shall be in nIl other respects of like character and subject to tho same provision as the bonds authorized author-ized to be issued by act of July 14 1870 entitled An act to authorIze refunding the national debt and acts amendatory thereto povided that nothing in this act shall be construed as to authorize an increase in-crease of tbo public debt That the secretary of the treasury L S hereby authorized to issue bonds in an amount not exceeding 500000000 which shall bear intere t at the rote of 3K per centum per annum an-num redeemable at the pleasure of tho United States after twenty years I and payable forty years from date of issue i and als3 notes tD tho amount of 200000000 bearing interest at tho rato of 314 per centum per annum redeemable redeem-able at the pleasure of the United States after two years and payable in ten years from date of issue but not more than 10000003 of said notes shall be redeemed re-deemed in any ono fiscal year and the rarticuar iittes tj be redeemed from time to time shall be determined by lot under such rules as tho secretary of tho trontury may establish |