The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1815-03-29
NOIICr..
Treasury Deharsment, March 10, 1915.

Treasury Impairment, Ndrch 10, 1915.
IN pursuance ofpowers, which have been duty YES.
\ ted in the Secretary Of the Treasury, under an
act of the Congress Of the United States, entitled
&c An act 10 authorize loan for sum not exceeding
eghteen millions, four hundred and ffty-,wo thou
sand, eigh hundred dolisrs, approved by the Pres
ident of the United States on the third OF March
rent proposals will be received by the Secretary of
the Treasury from this time, until the first day of
May next (unless the amount required should be pre-.
vousy subscribed) for loan 10 the United States.
of the of twelve millions of dollars, or any part
thereof on the following terms, and in the following
manner:
l. The proposals must state the amount to be loan.
ed the rate at which the stock will be received ;
the instruments in which the party will make the
payments, not exceeding, for the whole, ninety
days from the date Of The subscription, and the
banks into which the payments viii be made.
9. The payments will be received either in moneyor
in approved bank notes, or in Treasury notes ac.
tuaily issued before the Sd of March current, un.
der the acts OF Congress, passed, respectively. the
S0th June, 1912, the 25th OF February, 1915 aud
the 4th OF March, 1914, at their par value, with
the interest acc rued thereon at the time Of pay.
ment. The kind OF paymeat intended TO be made
must be stated in the proposals and where the
terms OF saoscrip,ion~re equal, preference viii
be given TO offers tor paying IN Treasury Notes,
which have become due and remain unpaid. with
an allowance of the interest upon such noes, IS
wei. since, IS before they became due.
8. On failure to pay any inst sment at the time stp-
ulated the nexl preceding nstament shall be for.
feitrd for the of the Unitcd States
a. Scrip.certitcates will be issued by the Cashiers
of the Bank. INFO which the payments shall BE
made, to the corpor .tions, or perssns, making
the payments the Cssflers will also, endorse the
payne of the successive instalments the scrip
certificates will be assignable by endorsement and
delivery; and will be funded at the Loan D ce of
the State in which the bank is situated, where The
payments have been made.
S. For the loaned. stock will be issued when
the insta'ments are completed, bearing interest at
6 per cent pee annum, payable quarter yearly
The stock will be reimburse bic At the pleasure OF
the United States at any time after twelve ycars
ing Fund ch .rgcd with the puncfusl payment Of
thc interest, and the reimbursement OF the prnci'
pal, according % contract
II is desirable, as far as the public interest will
permit, to reduce the amount Of the Treasury Note
debt, xnd, particularly, the portion Of ir, which is
due and unpaid and, therefore, an early subscrip
tion is recommended TO the holders of Treasury
Notes But, in order 10 time and trouble, it
may be proper observe, that the terms of the pro-
posal should bear some relation the actual fair
price of stock the market Of Philadelphia New.
York.
commission of one fourth per cent. will be al.
lowed to any person Collecting subscrptions Tor the
pu pose OF ncofpo atng them IN one proposal TO the
amount Of IS 0O0 dollars or upwards, provided such
proposals shall DC &C ,p,ed
A ] DALLAS, Secretary Of the Treasury
n. q. The Printers of the Laws Of tho United
States are requested to publish this notice three
times week until the 1st of May: and the Commis.
sioaers of Loans IN the respective states wi aso be
p - to. give - nd g..oe.' c'rcnls'i ~.