Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1814-07-30
NOTICE.
NOTICE IS HEREBY GIVEN,
Treasury Depar;r
July IS

a ~
T>H At proposals win be received by he
y Secretary cftke Trcasury untii the 22d
day of August next, for loaning 70 the u
nited State, h san of SIX MILLIONS; of
dollars, or any part thereof NOT less than
twenty FIVE thoesand dollars the sane be-
ing in rart of the sum of twenty five MILL.
o-s Of dollars authorised to be borrowed by
the ac~ of Congress Of the path day of March
last.
The stock to be issued for the money
loaned will bear an interest of six per cent
per annum, pay able quarter yearly and
the proposals fnust distinctly state the ar
mount Of money offered to be loaned, & the
rate at which the aforesaid stock will be re-.
ceived for the same.
The amount loaned is TO be paid into a
bank or banks authorised by the Treasury,
in insta'menrs, in the following manner, viz.
5 One fourth part. or twenty five dolllrs ON
each hundred dollars, on the tenth day
Of September next.
And one fourth parr, on the tenth t,ay OF
each IF the ensuing months of October.
November and December next.
On the day fixed for the payment of the
4 first or any other instalment, all the re-
naming instalments may be paid at the
option Of the 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
expressed, IN all cases There the convenience
of the Treasury will permit
The same terms will be allowed to ali
whose proposals are accepted.
No proposals will be received for a srru
less than twenty five thousand dollars: bue
commission of one fourth of one per cent
will be allowed to any person collecting SUBJ
scriptioDs for the purpose of incorporating
them in one proposal te the amount oftwen~
tv-five thousand dollars or upwards, proyi-
ded such proposal shall be accepted.
On failure of payment of any instalment.
the next preceding instalment to h. forfeited.
All the instalmen,s must be paid AZ the
same Bank as that at which the first install.
ment shall be paid.
Scrip certificates will be issued by the
Cashiers of the Banks where the payments
shall be made, to the persons making the
payments ard the said Cashiers will en-
dorse on those certificates the payments of
the several instalments when made,
The scrip certificates will he assignabIe
by endorsement and delivery; and will be
| funded after the completion Of the pa, ments,
upon presentation to the Commissioner Of
Loans for the state where the payments
have been made,
Certificates of funded stock will also be
| issued, if the holders of scrip certificates
| shall desire it, for the amount of any instal.s
ment raid. after the payment of the next
succeeding insta'ment.
| The funded stock to be thus issued will be
irredeemable, till after the S1st day Of De.
cember 1926 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 it's
interest, and for the ultimate reimburse
ment of its principal, upon the annual fund
of eight millions Of dollars appropriated for
the payment ofthe principal and interest of
the debt OF the United States, in the manner
pointed out in the aforesaid act of the oath
| of March, 1914
G. w. CAMPBELL,
i - Sacrel arvn f the Troa s,,n,r