Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1815-04-29
F0TIcE.
TREASURY DErAarwrnr.

-. March lO,lSf5. 81
EsFsuance OF powers, which have been du-
y W sted n the Secretary of the Treasury. ms
YET an act OF the Congress Of the Unite d States
49,. s'uea An act to authorize loan for a SUM
exceeding eighteen millions, four hundred
a.u nIty TWO: thousand eight hundred dollars
approved by the President of the United States
on the Sd March, current, proposals win be
received by the Secretary Of the Treasury from
TINS time until the first day of May next Cum
iess the ar1ount required should be previously
suoscribed) for a loan of the United States, Of
me sum OF twelve millions Of Dollars, OF any
Pa,t Whereof, on the following terms, and in the
Ioiiowing manner.
The proposals must state the amount 70 be
loaned the rate at which the stock will be
received the mstaiments in which the party
WIZ make the payments, not exceeding, for
the whole, ninety days from the date Of tue
SUBSCRIPTION, and the banks into which the
payments will be made.
2. fhe payments will be received either in
money, or In approved bank notes, or in trea-
sury notes actually issued before the Sd of
March, current, under the acts of Congress.
passed, respectively, the sob Of June 1872,
the S5;h of February, 1885, and the 18th OF
March. 1914, at theft par value, with the in-
terest accrued thereon at the time OF pay.
mens. The kind of payment intended to be
made must be stated in the proposals and
q
preference will be given to offers for paying
in treasury Notes, which have become due
and remain unpaid, with an allowance of the
interest upon such notes, as weh since, as
before they became due.
On failure TO pay any instalment at the
time stipulated, the next preceding install
ment shall be forfeited for the use OF the
United States
4. Scrip-certiiicates Will be issued by the
CASHIERS OF the Banks into which the pay
ments shall be made, to the corporations, or
persons, making the payments; the Cashiers
VIII, Also, endorse the payment of the sue
cesslve instruments the scrip certificates
VIII De assignable by endorsement and delive.
ry ; and will be funded at the Loan Office
or the State, inwhich the bank is situated.
where the payments have been made.
,. For the amount losRed, stock will be issu.
ed, when the instalments are completed,
bearing interest at per cent. per annun,
payable quarter yearly. The stock will be
reimbursable at the pleasure of the United
States at any time after twelve years from The
last of December next: and the Sinking
Fund is charged with the punctual paw
ment of the interest, and the reimburser
ment OF the principal according to contract.
II Is desirable, as tar the public interest
VIII permit, TO reduce the amount of the Treas
sury Note debt, and, particularly, the portion
OF 1t, which is due and unpaid and therefore.
an early subscription is recommended to The.
holders of Treasury Notes. But, in order TO
save time and trouble, it may be proper to OBJ
serve, that the terms of tue proposals should
bear some relation to the actual isir price OF
stock, in the market of PbIadelphia or New.
York.
Commission of one forth viii be allowed
to any person collecting subscriptions for
the purpose OF Incorporating them in one pro-
posai to the amount of $4,000 dollars or'un-
wards, provided such proposals shall be ac-
cepted. y
A DALLAS.
Secretary of the Treasury.
N. q. The Printers of the laws of the United
States are requested 10 publish this notice three
times week until the Isl of NAV; aud the
Commissioners OF Loans in the respective
states wall, also, be pleased to give it an early
and reneral -;,c,Iat;<, = ~