The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1813-09-23

~ q (" enacted 6y fhe Senate and House Of
Refsesea'asives Of the United Ssases Of yfsaeri-
sd' "a Congress assembled, That the Presi-
den, ot the United States be, and he Is hero.
by authorized 20 borrow OH the cscdit of tho
United States, sum not exceeding sew
millions five hundred thousand dollars, 20 b
applied in addition to the monies now in tho
lreasua-y, o: which may be received from
other sources, to detray any expences, which
have been or which may be authorized fof
the service oi the years one thousand eight
hundred and thirteen, and one thousand eight
hundsec and fourteen, and for which appro4.
prialions have been or may be made BY law
during those years: Provided, That no en-.
gagement or contract shall be entered into
whicn shall preclude the United States fto,n
reimbursing any SUN or sums thus borrowed,
aiany time after the expiration OF twelve years,
from the tirst day Of January next,
Sec. 2. sdad be is jursner enaefrd, Thar
The Secretary ofthe Treasury, with the sp~
probation OF the President of the United
States be, and he is hereby authorized 10 Gauss
70 oe .ons.''u'sa as~vSicatcs Of stock signed
by the Register Of tie Treasury, or Ey Cd a.
missioner of loans, for the sum to be borrow.
ed b, this act, or for any par, thereof and tho
same to be sold Providra, That no such
certificate shall be sold q, a rate Less than
eighty eight per ccntum, or cighly.cight dol.
lars in money for one hundred dolIurs in stock.
And the Secretary Of the Treasury shall cause
TO DC laid before Congress on tho first Mon.
day in February, one thsusend eigh, hundred
ana fourteen, or as soon thereafter as Con-
gress mag be in session, an account of all the
monies obtained by Tire sale Of the certificates
OF stock in manner aforesaid, together wilma
statement OF the rate at which The same may
have been sold.
Sec. >. .dud Be il further enacted, That
the Secretary OF the Treasury be, and ho 10
hereby authorized, with The app, oba,jon Of
the President Of the United States, 10 employ.
am agent or agents for the purpose oil obtains
ing subscriptions to tho loan authorised BY
this act, or Of selling any part OF tho stock
created by virtue thereof. A commission
not exceeding one quarter Of one per cent. on
the amoont thus sold, or for which subscsip~
tions shall have been thus oblain<d, may, by
the Secrc,aryofshs Treasury. he allowed 70
| such agent or pgenss ! AND sum mi exseed.
ING ,wcnsyEwo thousst'd SaoIiars. tu t1 pold
out oil any 'ponies in the Treasury mol ether
wise appropriated, 10 hereby appropriated for
paying the amount of such commission OF
commissions ~ may be thus allowed, snd also
tor dciraying the expenses OF printing and is
suing the subscription certificates, and certiss.
fcates OF stock, and other cxpsnces incident
10 the receiving Of subscriptions, and complete
ing the loaD suiboriscd by this act.
Sec. a. .dnd be IL further enacted, That 50
much OF tho funds constituting the ANIMAL sp.
preparation Of eight millions Of dollars for tho
paymcn; OF the principal and interest Of tho
public deb. Of the United States, az noay be
wanted for tha, purpose, after satisfying the
sums necessary Tor the payment Of the inter-
est and such part OF the principal Of said debt
as the United States are nov pledged annually
to pay oc reimburse, is hereby pledged and
appropriated for the payment Of tho interest,
aud for the reimbursement Of the principal
of the stock which may bc created by virtue
of this act. Il shall accordingly be the duty
of the commissioners Of the sinking fund 10
cause to be applied aud paid oui Of the said
fund, yearly, such sum and sums as may be
annually wanted to discharge the Interest &C.
cruing on the said stock, and to reimburse
the principal as the same shall become duo
and may be discharged in conformity with the
terms OF the loan and they are further su.
tborizcd TO apply from time TO time such sum
or sums, out Of the said fund, a. they may
think proper towards redccming by LSr-
chase, and at price not above par the prip-
cipal of the said stock or any part thereof.
And the faith of the United States is hereby
| pledged TO establish soficiens revenues fop
making up any deficiency that may bereaftcp
take place in the funds hereby appropriated
for paying the said interest, and principal
| sums, or any Of them 10 manner aforesaid.
Sec. S. md be it further enacted, That il
shall be lawful for any of,he banks in tho
district Of Columbia 10 lend any part Of tho
sum authorised 20 be borrowed by virtue Of
this act, any thing in any Of their characters Of
incorporation to tho contrary noiwithstand-
ing. II. CLAY,
SheaSer ef the House ef Representatives.
4. GERRY,
Vice President Of the United States. and
PreHdenf Of shs Senate.
/ August 2, lst3.-hPrsovED,