Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1813-03-15
BY AUTHORITY
Laws of the United States.
AN ACT.

Tor the service OF the year one thousand
eight hundred and thirteen.
Be az enacted b. the Senate and House of Re
fresentafires Of The United States Of america
an Congress assembled, That the President oil
the United States be, ard he is herebv au-
thorised to cause Treasury notes Tor snch
sums as he may think cXpedient, but not
exceeding I'm the whole the sum Of Ave mill
ems of dollars, to be prepared, signed. and
sued in the manner hereinafter provided
Sec. .. .fs6 be IL further enacted, 1 hat
the President of the United States be, and
he is hereby authorised, in addition TO the
amount authorised by the next rrece-
ding section of this act, to cause Treasury
Notes, for such sum or sums as he may
expedient, but not exceeding in the whole
the further sum of FIVE millions of dollars,
to be prepared, signed, and issued III the
manner hereinafter provided: Provi. ca,
That the amount of money borrowed or 90 :
tanned, by virtue of the notes which may be
issued by virtue of this section, shall be
deemed and held to be in part Of the sum
of sixteen millions of dollars, authorised TO
be borrowed by virtue of the act TO that eff
feet passed during the PRESENT session of
Congress.
Sec 8 Ind be il. further enacted, That
the said Treasury Notes shall be reitnbur-
setl by the United States, at such places res
pcctively as may be expressed on the face
of the said notes, ons year respectively al
ter the day on which the same Shall have
been issued; from which day of issue they
shall bear interest, 1T the rate OF rive and 2
fifths per centum year, payable to the
owner and owners of such notes, at the
Treasury, or by the proper commissioner
It loans, or by the officer designated for
hot ut he nj nd RI re-
pectivcly designated on the face of said
notes, for the payment of principal
Sec !. Ind &c IL further eHncted That
the said Treasury Notes shall be respect
lively signed, in behalf of the United States,
by persons to be appointed for that purpose
by the President OF the United States, two
of which persons shall sign each note, and
shall each receive, as a compensation for
that SERVICE, at the rate of one dollar and
twenty Ave cents for every hundred notes
thus signed by them respectively; and the
said notes shall likewise be countersigned by
the Commissioner of Loans for that state
where the notes may respectively be made
payable, or by the Register of the Treasu-
~ if made payable in the district of Column
bia, or by a person to be appointed for that
purpose by the President of the United
States, Il psade payable in state fcr which
there is no commissioner of loans; which
person or persons thus appointed shall also
receive, as a CON pensaticn for that service,
at the rate of one dollar and twenty five
cents for every hundred notes thus signed by
him or them respectively.
Sec. S. Ind be it further enacted, That
the Secretary ofthe Treasury be, and he is
hereby authorised, with the appreciation of
the President Of the United States, to cause
to be issued such portion OF the said Urea
sury notes as the President may think eX-
pedient, in payment OF supplies, or debts due
by the United States, to such public credit
ors or other persons as may choose to re
receive such notes in payment, as aforesaid,
at par and the Secretary of the Treasury
is further authorised, with the appreciation
of the President of the United States, TO bor-
row from time to time, not under par, such
sums as the President may think expedient
on the credit OF such notes or to sell not
under par, such portion of the saidnotes as
the President may think expedient; and 1t
shall be good execution OF this provision to
pay such notes to such bank or banks as
will receive the same at par, and give Gre
dit to the Treasurer of the United States
for the amount thereof, ON the day on which
the said notes shall thus be issued, and paid
to such bank or banks respectively.
Dec. o. v1iu DC ~ /WF"tf C"NStc", ite
the Secretary of the Treasury be, and he
is hereby authorised, with the approba-
ton OF the President Of the United states.
TO employ an agent or agents for the purpose
OF selling any portion Of the no'es which may
be issued by virtue of this act a commits
sion not exceeding one quarter OF one per
cent. on the amount thus sold may, by the
Secretary of the Treasury, be allowed to
such agent or agents; and sum not eZ-
ceeding twenty FIVE thousand dollars, To be
paid out of any monies IN the Treasury, not
otherwite appropriated, is hereby appropri
aied for paying such commission or commits
sions as NAV be mus allowed.
Sec, Z. .9nd be IL further enacted That
the SAID Treasury notes shall be transfers.
BILE by delivery and assignment endorsed
thereon by the person to whose order the
same shall, on the face thereof, have been
made payable.
sec g.. md be IL .fhrther enacted, That
the said Treasury notes, wherever made
PAYABLE, shall be every where received in
payment Of all duties and taxes LAID by the
authority of the United States, and of all
public lands sold by the said authority on
every such payment credit shall be given
for the amount OF both the principal and the
interest, which, on the day OF such pay
ment, may appear due OF the note or notes
thus given in payment; and the said interest
shall on such payments be computed at the
rate OF one cent and one half of a cent, per
dav, ON every handred dollars Of principal,
and each month shall be computed as con-
tanning 30 days.
Sec. 9. Aad be 10 further enacted, That any