Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1814-04-16
NOTICE.
Treasury Deklarlmenf. .

Treasury DEPARTMENT, .fhril A, 1914
WHEnEAo. by an &C, OF Congress, pass
w ed on the 24th day of March. 1911 the
President of the United States ~ auihorized ,o
borrow, ON the credit Of the United States,
sum not exceeding twenty live millions OF do
lars and whereas the President of the United
States, did by an act or commission, AIDE, b;s
hand dated the goth day of March. 1914. au.
thorise and empower the Secretary the Urea.
sury 10 borrow, On behalf or the United States.
the aforesaid sum OF twenty live millions Of
collars, or any part thereof, pursuant To the
Act OF Congress above rscued:
NOIICE rs THEREFORE KEREBr
GIYE1N.
mat proposals WA be received by the Sc,
'cretary Oh the treasury uRtii the second day of
My next, from any person or persons bod, or
bodies corporate, Who may of, r, Tor themselves
or others, TO loan TO the United States on &C.
count and III part o the atoi esaid sum of wen.
y tve millions of dollars, the sum OF ten rn,.ii-
ons OF dollars or ANY part thereof not less t,,an
twenty ive thousand dollars
The stock to be ISSUED f,r the money loaned
VIII Dear an interest OF six per cent per annum,
payable quarter-yearly aud IN. nro,os x
must oistinctiy state the amount Of m. nv Of.
,lered TO be loaned, and the rate at wbici, The
aforesaid stock will be receive Tor the same.
The amount loaned ID 10 be paid INTO = bank
or banks authorised by the Treasury, in install.
ments, IN the following manner, VIZ.
One-fonrth part, or twenty-five dollar. ON each
hundred doiiars' ON the twenty-ilth day ct My
Aud one-tourth part, on the twenty. fifth dav q,
each OF the ensuing months OF June, july AID
August next,
On the day fixed forthe payment of any install.
ment alter the first, ali The remaininc instah.
ments may be paid.
The sum loaned to be paid into such bank
or banks az may be mutually Convenient to
the lender and the government, in the slate
wh@ie the lender resides. it desired by him.
he proposals must state the bank or banks
into which the lender may desire to make
the payments.
Z IT proposals differing in terms from one
another should be accepted, the option " IN
be allowed to any person whose proposals
may be accepted. or taking the terms allow
ed to any other person whose proposals nay
&c accepted.
No proposals will be received for a sum
less than twenty-five thousand doilays; b,,,
commisaion OF one-fourtn Of one per cent.
VII, De allowed 20 any person collecting sub
scriptions Tor the purpose of Incorporating
Inem IN one proposal To the amount of twen-
" ave thousand dollars. CT upwards, proyiS
dsd such proposal shall be accepted.
IT proposals shall be n,a..e atnsLtasius- co..
Sether TO greaier .uni than mat reauirvd d.
the preference viii, ON equa: terms, be given
co those made by pc. so,.s VINO were SUBJ
sciibcrs to t.ie loan OF c.evea millions in rne
year 1872.
On failure of payment Of any instaIn,ent.
tue next preceding instalrnent 10 be forfeited.
Scrip certificates will be issued by the Ca.
shiefs OF the Banks where che pay m.nls shall
be made, to the persons making the pay
ments /; and the said Cashiers will endorse
on these certificates the payments OF the
several instruments when made.
The scsip certificates will be assignable by
endorsement and delivery and will be funded
after the completion OF the payments, upon
pr. sentation by the proprietor, to the Commits,
siouer OF Loans for the state where the pay.
ments have been made.
The funded stock to be thus issued viii be
irredeemabie till the 3lst day or December.
1896 Will be transferable III the same manner
the other funded stock OF the United States.
and will be charged tor the regular and quarl
teriy payment OF its interest, and Tor the uIi,-
nate reimbursement OF its principal, upon the
ANIMAL fund OF eight millions oil dollars $, appro-
priated for the pay nlent OF the prineip4i and
interest o; the oebt OF tue Unitea states in tnS,
manner pointed out in The aforesaid act oil liz
| Gath OF March, .ol4
GEO. w. CAMPBELL,
Secretary OF the Treasury
April 4. t25s,
or r. oposals left at the Bank OF Virginia
| yih BIT forwarded TO the Secretary OF tbe i rea~
\ sury.