Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1814-08-17
Nui,lCE.

~ . ~ -
NOTICE IS HEREBY GIVEN.
T1AT pronosais will be received by he
: Secretary Of the Treasury until the 22d
day of August next, for loaninR to the u
nited States thersom OF SIX MILLIONS of
dollars, or y part thereof not less thar
twenty 1--WE Thousand dol,ars': the same be
ing IN part OF the sum of;twenty five MILL.
ons OF dollars authorised 60 be borrowed by'
the actof Congress ofthe 2+th day Of March
last. =. =; - - -,
The stock TO bo Issued for the noaey
loaned will bear an interest of.six per cant
per annum. payable quarter yearly aud
ne proposals must dis inctiy' state the ar
mount OF money offered to be loaned, Se the
rate watch the aforesaid stock will be. re-
ceived forshe same.
Theamoans loaned is to be paid into
bank or banks anthorise by the Treasury
IN instruments, in the 6ollowing manner. viz.
One fodrth part. or-twenty Ave dollars on
elch hundred dollars. on the tenth day
otSeptsvnber next.
And one fourth pare, on the tenth day of
each 1T the ensuing months of October
November aad December next.
On the day liked ter the payment of the
hrst or any other instalment, all the re
naming instalmcnts may be paid at the
option Of the lender.
Toe proposals, must state the bank or
banks into which tho lender NAV desire 10.
make bis payments /; and be will ia Above
to make them according 20 his wishes thu.
expressed, in all cases where the convenience
of the Treasury, will permit.
The same terms will be allowed TO ali
whose proposals are accep pred.
Noproposais will be received for a san.
less than twenty ave thousand d liars b,,f
commission Of one fourth oil one Der cen,
viii be allowed TO any person collecting sub
scr1ptions for the purpose Of Incorporating
them IN one proposal Is the amount Of twen-
ty-tive thou and dollars or upwards, provi-
ded such proposal shall be accepted.
On failure Of payment of any mstalment.
the next preceding instalmeut TO be forfeited.
All the instruments must DO paid at 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 perseas making the
payments; and the said Cashiers will en-
dorse on these certificates the payments of
Abe several instalments when made.
The scrip certificates win be assiyoabIe
by endorsement and delivery; and viii be
funded alter the completion Of the payments,
upon presentation to the Commissioner of
Loans for the state where tbs payments
nave been made.
Certificates of funded stock will also be
issued. if the holders Of scrip certificates
shall desire it for the amount OF any install.
meat paid, after the payment of the next
succeeding instaImens.
The funded stock to be thus issued will be,
lrfedeemahie, till af'er the 3lst day O. De.
eembcr 1926 Will be transferable in the
same manner. as the other funded stock of
che United y ates,- 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 nnIilions of dollars appropriated for
the payment ofthe principal and interest of
the debt OF the Ubited States, in the manner
pointed out in the aforesaid act of the 24tf,
of March, 1914.
G. w. CAMPBELL,
secreimyof the-Treasuryi