Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1814-04-23
NOTICE.
Treasury DEPARTMENT, .1hril A, 1914
WHEREAS, by an act of Congress. M Sc.

4 IedsHTy Impairment, Ami a, 1914.
WHEREAS, by an act of Congress, pass,
" ed on the oath day of March, 1914, the
president of the United States is authorized to
Dorrow,son the credit of the United States, a
sum not exceeding twenty-five millions of dol
. lars and whereas the President of the United
states, did by an act or commission under his
hand dated the 29th day Of March, 1914, au.
) thorise and empower the Secretary of the Trea.
sury to borrow, on behalf of the United States,
the aforesaid sum of twenty FIVE millions of
dollars. or any part thereof, pursuant to the
Act of Congress above recited
NOTICE rs THEREFoRE HEREBr
GWEN,
That proposals win be received by the Sc.
cretary OF the Treasury until the second lay of
May next, from any person or persons, body or
bodies corporate, who may offer, for themselves
or others. to loan to the United States on ac.
count and in part Of the afotesaid SUN of twen-
ty FIVE r'"s=ns Of dollars. TIE sum of ten milf
ons oil Haas or a,y P,s ,l,ere "a NJ LIS tl.sa
twenty Eve Thousand dollars.
The stock to be issued for the money loaned,
will bear an interest ofsix per cent per ann,ni,
payable quarter-ycarly and the proposals
must distinctly state the amount of money Of
fered to be loaned, and the rate at which the
aforesaid stock will be received fer the same.
The amount loaned is to be paid into a bank
or banks authorised by the Treasury, in install.
ments in the following manner, viz.
Cne-fourth part, or twenty-five dollars on each
hundred dollars, on the twenty-ffth day of May
next.
And one-fonrih part, on the twenty fifth day o
each of the ensuing months of June, july and
August next
On the day fixed for the payment of any install
ment after the first, all the remaining install
y ments may be paid
The sum loaned to be paid into such bank
or banks as may be mutually convenient to
the lender and the government, in the state
where the lender resides, if desired by him.
1he proposals must state the bank or banks
into which the lender may desire to make
the payments.
If proposals differing in terms from one
another should be accepted, the option will
be allowed to any person whose proposals
may be accepted, of taking the terms allow
ed to any other person whose proposals may
be accepted.
Noproposa's will be received for a sum
less than twenty-five thousand dollars but
comm ssion OF one-fourth of one rer cent.
will be allowed TO any person collecting sub
scriptions for the purpose Of Incorporating
them in one proposalto the amount oftwen-
ty live Thousand dollars, or upwards, provi-
ded such proposal shall he accepted.
Ii proposals shall be made amounting to.
gether to greater sum than that required,
the preference VIII, Gu equal terms, be given
to those made by persons who were sub
scribers to the loan of eleven millions in the
year 1872.
On failure of payment of any instalment,
the next preceding instalment to be forfeited.
q Scrip certificates will be issued by the Ca
shiers OF the Banks where the payments shall
be made, to the persons making the pay
ments; and the said Cashiers win endorse
on these certificates the payments of the
several instruments when made
The scrip certificates will be assignable by
endorsement and delivery and viii be funded
afterthe conpietior, Of the payments, upon
presentation By the proprietor, to the Commis-
sioner OF Loans Tor the state where the pay
ments have been made.
The funded stock 10 be thus issued will be
irredeemable till tile 3Ist day Of December,
1926 will be transferable in the same manner
as the other funded stock the United States,
and will be charged for the regular and quar-
terry payment of its interest, and for the ui,i-
mate reimbursement of its principal, upon the
annual fund of eight millions of dollars, appro"
priated for the payment of the principal and
interest Of the debt Of the United States, in the
manner pointed out IN the aforesaid act of the
24th of March, 1914.
GEO. w, CAMPBELL,
Secretary ofthe Treasury.
Apri! q. t25A.
CT Proposals left at the Bank of Virginia,
~~,.n L.. T.. n - ~ L.