Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1814-08-03
NOTICE.
Treasury Department.,
July IS. 1914.
NOTICE is HERFBY GIVEN

Y
WHAT proposals will he received by the
Secretary cftte Treasury until the 22d
day OF August next, for loaning to the u
nited States the sam Of SIX MILLIONS of
dollars, or any part thereof not less that
twenty FIVE thousand dollars the same be-
ing IN part OF the sum of twenty five ruzliiu
ons ofdo'lar, authorised to be borrowed by
the actor Congress ofthe Oath day of March
last. Us. ~
], The stock to be issued for the money
loaned will bear an interest of six per cont
per annum, pay able quarter yearly and
the proposals must distinctly state the az
mount of money offered to he loaned, * the
rate at which the aforesaid stock will be re-
Iceiyed for the same.
lhe amount loanedis to be paid into a
bank or backs authoriset d by the Treasury,
IN instruments, in the following manner. viz.
One fourth part. or twenty FIVE dollars on
each hundred dollars, on the tenth tlav
of September next.
And one fourth part, on the tenth day of
each OF the ensuing months of October.
November and December next.
On. the day fixed for the payment of the
first or any other instalment, all the re
naming instalments may be paid at the
option ofthe lender.
The proposals must state the bank or
banks into which the lender may desire to
make his payments; and he will be allowed
to make them according to his wishes thus
expires ed, IN all cases where the convenience
OF the Treasury will permit.
The same terms will be allowed to al,
whose proposals are accepted.
Noproposals will be received for a sum
less than twenty five thousand dollars: bur
commission of ope fourth of one per cen,
will he allowed to any person collecting sub
scrptlUns for the purpose of incorporating
them In one pronosal ~ the amount of twen-
ty.hve thousand dollars or upw ards. proyi.-
ded such proposal shall be accepted.
On failure OF payment of any instalrnent.
the next preceding instalmcnt TO be forfeited
All the instruments must be paid at the
same Bank as that at which the first install
nlent shah be paid.
Scrip certificates will be issued by the
Cashiers of the Banks where the pav,nen,s
shall be made, To the persons making M
payments and the said Cashiers will en-
dorse on those certificates the payments OF
the several ms ailments when made,
Iherscrip certificates will be assivnable
~ endorsement and deiisery; and will be
funded, after the completion Of The payments
upon presentation to the Commissioners az
, .1a'', iofs tue stase ~here the payments
have been made.
Certificates Of funded stock wiz also be
issued. if the holders of scrip certificates
shall desire it. for the amount of any install.
ment paid. after the payment of the next
succeeding instalment.
he funded stock to be thus issued will he
irredeemabe. till after The 31st day of DE.
cember 1896 will be transferable in The
same manner, as the other funded stock of
the United States, and will be charged, for
the regular and quarterly payment of its
interest. and for the ultimate reimburse
ment Of its principal, upon the annual fund
OF eight millions ofdollars appropriated Tor
the payment ofthe principal and interest of
the debt of the United States, in the manner
pointed out in the aforesaid act of the 24t,
of March, 1914
G. w. CAMPBELL,
Secretary of the Treasury
~ Subscriptions are recerved at The
Bank etFVnginia, az Richmond