Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1814-08-13

NOTICE is HEREBY GIVEN,
THAT proposals will be received BY the
: Secretary CT tie 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 milf.
ons OF dollars authorised to be borrowed by
the act OF Congress of the 2sth day of March
last.
The stock to be issued for the money
loaned will bear an interest of six per cent
per annam. pay able quarter yearly and
the proposals. must distinctly state the az
mount of money offered to be loaned. Sc the
rate at which the aforesaid stock will be re-
ceived for the same.
The amount loaned is to be paid into
bank or banks authorise d by the Treasury
IN instalments, in the following manner. viz.
One fourth part. or twenty 1--WE dollars on
| each hundred dollars, on the tenth dav
Of September next.
And one fourth part, on the tenth day of
esch Of the ensuing months of October
November and December next.
On the day fixed for the payment of the
hrst or any other instalment, all the re
naming instaiments may be paid at the
option ofthe lender.
The proposals must state the bank or
banks into which the lender may desire 70
make his payments and he will be allowed
to make them according to his wishes thus
expressed, in all cases where the convenience
of the Treasury will permit.
The same terns viii be allowed to all
whose proposals are accepted.
No proposals will be received for sum
less thantwenty FIVE thousand dollars; but
commission of enc fourth of oae per cent
will be allowed to any person collecting SUB
scriptioDs TOR the purpose OF Incorporating
them IN one proposal 10 the amount of TWEEN
ty'hve thousand dollars orupwards, proyi
ded such proposal shall be accepted.
On failure OF payment Of any instalment,
the next preceding instalment TO be forfeited
All the instalrnenis must be paid at the
same Bank as that at which the first install
mebt 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 and the said Cashiers will en-
dorse on those certificates the payments of
ane several instalments when made,
The scrip certificates will be assignable
by endorsement ard delivery and will be
funded after the completion of the payments.
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 instaIs
,ment paid, after the payment of the next
succeeding instalment.
The funded stock to be thus issued will BE
irredeemable, till after the 3lst 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 its
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 Gath
of March, 1914.
G. w. CAMPBELL,
Secretary OF the Treasury.
- Subscriptions ave received at the