The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1815-04-12
NOTICE.

Treasury Dcfarimenf, March 10, 1915.
n pursuance of powers, which have been duly ves-
4 ed in the Secretary of the Treasury, under an
at OF The Congress of the United States, entitled
An act TO authorize loan for a sum not exceeding
eighteen millions, four hundred and ff:y.,wo thou
sand. eight hundred dollars" approved by the Pres
ident of the United States 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 required should be pre-
viously subscribed) for loan TO the URited States,
OF the sum Of twelve millions Of dollars or any part
thereof, the following terms and in the following
manner:
!. The proposals must state the amount to be loan
ed; the rate at which the stock will be received !;
the inst lamens in which the party will make the
payments. not exceeding, for the whole, inety
days from the date of the subscription, and the
banks into which the payments will be made.
2. The payments will be received either in moneys
in approved bank notes, or in Treasury notes
tuaily issued before the Sd of March current, un.
der the acts of Congress, passed, respectively the
Goth June, 1912, the 25th o. February. 1878 and
the 4h OF March, 1914, at their pai value, with
the interest accrued thereon at the time of pay
ment The kind Of payment intended to be made
must be stated in ;he proposals; and where the
terms OF subscription are equal, preference will
be gwen 10 offers for paying in Treasury Notes,
which have become due and remain anpaId. with
an allowance Of the interest upon such notes, as
well since, as before they became due.
On failure to pay any inssIment at the time stip-
ulated the next preceding instslment shall be for.
feited for the use Of the Eniled States
Scrp-cert icates will be issued BY the Cashiers
OF the Banks in;o which the payments shall be
made, to the corporations, or persons, making
the payments; the shiers will, also endorse the
payment of the successive nstaments the scrip.
certificates will be assgnabie by endorsement and
delivery; and will I've flndel at the Loan u &C of
the State in which tn, bank is situated where the
payments have been M lie.
Fo' the amount 10 o.ned stock will be issued when
the nstaments are completed, bearing interest at
per cent pc snnum, payable quarter yearly
ihe stock viii De reimoursi bic al the ps ssue OF
the United 5taies Al any time after twelve years
fro the last day Of Dec mber next: and the Sink
ing Fuud is Gil rged with the punciu.l payment Of
the interest, and The reimbursement of the princi
pal, according contract
i.is desrabie, as far the public interest will
permit, TO reduce the amount OF the Treasury Note
debt, aud, particularly, the portion of l., which Is
due and unp id and, therefore, a carly subscrip
ton is rec ,mmended to The holders of Treasury
Notes But. IN order 10 time and trouble il
b. proper observe, that the terms of the pro.
posli sh,1I bear some relation 10 the actual fair
price cf stock in the market Of Philad phia or New.
York.
A commission of one.four,h per cent. will be al.
lowed Ia any person collecting subscrDtons for the
purpose Of Incorporating them ia proposal 10 the
amount Of Is, 900 dollars upwards, provided such
proposals shall be accepted
j DtLLtS, seere:ary Of the Treasuy
N d. The Printers Of the Laws Of the Uniiei
States requested 10 publish this notice three
times week until the ist Of Nav AMI the Comms-
soners of Loans in the respective states s also, b.
iteased TO gre IL an early and general circulation.