Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1813-09-16
NOTICE.
TREASURY DEPARTMENT,


WHEREAS, by nm net Of Congress passed on the
"a day of August, 1915 the President ofthe United
States is au. horise,t borrow the credit oil the
United States, not exceeding seven millions,
& e hundred thousand dollars; AND WHEREAS,
the President of The United 'ates d by an act on.
commission under his baud dated Tic 9Th day of Au-
gus 1885, authorize a.. empower the acting Score
Try OF tie Treasury TO borrow On behalf OF the u
ntcl States, the aforesaid sum oil seven millions,
Eve nundied thousand dollars, pursuant to tie act
of CongJess above reelted:
PUBLIC NOTICE IS THEREFORE, HEREBY
GWEN
That proposals will be received by the acting Sc
cretary OF the Treasury, until The twentyffth day
o, Sept next, from any person Ur persons, tody or
bodies corporate, who muy oifer for themselves or
others, TO loan TO the United States, the whole or
any part, nj less than hundred thousand dol
lars, Of the aforesaid sum OF seven millions five hun
dred thousand dollars.
The stock to be issued for the money loaned, will
bear interest of six per cent per annum, pay able
qparter-yearly, md the prop sails must distinctly
state the amount o money offered To be loaned aud
the at which The aforesaid stock will be receiy-
ed for the same.
The amount loaned is to be paid into bank or
banks authorised by the Treasury, in instruments,
IA the following manner, VIZ.
One eighth part, or twelve dollars and fifty cents
each hundred dollars, ON the Is h of Oct.
One eighth part, on the 18th day of November
next
One fourth part, or twenty-five dollars on each
hundred dollars, ola the 18th day of each oil
the ensuing months of Dec. Jao. aud Feb.
The proposals must specify the place where the
money is to be paid.
Ii proposals differing in terms from one another
should be accepted, the option will be allowed 10 a.
ny persons whose proposals may be accepted, of
king the terms allowed to any other person whose
proposals may be accepted.
No proposals viii he re oived for a sum less than
Que nuudred thousand dollars; but commission oil
one eighth oftn per cent will be- allowed TO any
person collecting SUBSCRIPTIONS tor tho purpose OF
incorporating them ia one proposal to The amount
OF one hundred thousand dollars upwards, proyi-
ded chat sucn proposal 81 all Ge accepted.
A commission Il Que eighth Of one per cent will
also be allowed tothe Cashiers OF the Banks where
the pay ments shall be madei who will issue scrip.
certificates TO the persons making the payments, *
will endorse thereon, the payments Of the several
inss'meats when made.
On idiure OF payment If any instalment the next
| preceding instamenI 10 be forfeited.
I'll rip cert tic ties will be assigr lie ~ On or o
men1 aud delivery aud will be faded alter he
compietcn OF The payments, upon presentation by
the proprietor 10 the commissioner of loans for the
state where the payments have been made
The funded stock To DE thus issued, will be ire
deemable I'LL the 5lst day OF December, 1926 ;wil
he transferable IA The same rs the other fun
ded stock OF the United States aud will be charge,
tor the regular aud quarterly pay OF its inter-
est, and for the eventual reimbursement of IT'S rn
opal, upon the annual fund of eight millions OF dol
lars appropriated for the payment OF the principa
and interest Of the deb of the United States i'm tn
manner poiuted outin the aforesaid act of Tie Zu,
of Aug. 1913.
w.JoNEs,
Acting SECRETARY efthe 1reas,a5
L b