"  War  with  Mexico  was  declared  May  13,
1846,  and  in  order  to  provide  against  a


deficiency  a  further  issue  of  $10,000,000  in
Treasury  notes  was  authorized  by  act  of
July  22,  1846,  under  the  same  limitations
and  restrictions  as  were  contained  in  the  act
of  October,  1837,  except  that  the  authority
given  was  to  expire  at  the  end  of  one  year
from  the  passage  of  the  act.  The  sum  of
$7,687,800  was  issued  in  Treasury  notes,
and  six  per  cent,  bonds  having  ten  years  to
run  were  issued  under  the  same  act  to  the
amount  of  $4,999,149.  These  were  sold  at
a  small  advance,  and  redeemed  at  various
rates  from  par  to  eighteen  and  two-thirds
per  cent,  premium.
