Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1814-08-20
NOTICE.
Treasury Department..
July IS, 1914.
NOTICE is HEREBY GIVEN,

NOTICE rs HEREBY GIVEN.
THAT proposals will he received by the
! Secretary Of the Treasury until the o2d
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 hive thousand dollars the same be.
Ing in'part OF the sum Of twenty Ave milf.
ons OF dollars authorised to be borrowed by
last. =
The stochtko b. issued for the money
loaned will bear an interest Of six per cent
per annum, payable quarter yearly: and
the proposals must distinctly state the az
mount of money offered to be loaned. q the
rate at which the aforesaid stock will be re-
ceived for the same.
The amount loaned isto be paid into a
oank or banks authorised by tho Treasury,
IN lnssal'-ae nts, in the following manner, viz.
One fourth part. or twenty Eve dollars on
each hundred dollars, on the tenth day
of September next.
And one fourth part, on the tenth tiay Of
each Of the ensuing months of October.
November and December next.
On the day fixed for the payment of the
first or any other instalment, all the re
manning instalments may be paid at the
option of the lender.
The proposals must state the bank or
banks into which the lender NAV desire to
make his payments; and he win 6e ailowed
TO make them according to his wishes thus
expressed, in all cases where theeonyenience
or the Treasury will permit.
The same terms viii be allowed tn all
whose proposals are accepted.
No proposals will be received for a sum
less than twenty Ave thousand dollars: but
commission of one fourth of one per cent
VIII De allowed to any person collecting sub
scrIptions tor the purpose of incorporating
them IN one proposal te the amount of twen-
ty'hve thousand dollars or upwards. provi.
ded such proposal shall be accepted. -
On failure Of payment of any instalmert
the next preceding instalment to be forfeited
AL the instalments must be 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 pavments
shall be made, to the persons making the
payments and the said Cashiers will en-
dorse ON those certificates the payments of
3he several instalments when made,
The scrip certificates will be assignable
by endorsement and delivery and will be
funded after the completion of the payments.
upon presentation to the Commissioners of,
Loans for the state where the payments
have been mad.
Certificates of funded stock viii also he
issued, if the holders Of scrip, certiGcates
shall desire It, for the amount of any install.
ment paid. after the payment of the next
succeeding iIstalment. . 800.
The funded stock to be thus Issued will h.
irredeemable, till after the alst day Of de-.
cemoer 1926 will be transferable In tn.
same manner. as the other funded STOCK of
the United States, and will be charged. for
the regular and quarterly payment Of IFS
interest, and for the ultimate reimburse
ment OF its principal, upon the annual fund
OF eight millions Of dollars appropriated fo,.
the payment efthe principal and Interest ~
the debt OF the United Srates, In the name
pointed out in the aforesaid act of the 24rh
of March, 1914
G. w. CAMPBELL.
Socretaryof the Treasury.
- Subscriptions are r-cefved az m.
Bank ut HfrQfuid af Rir6,,,,I