Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1815-03-25
NOTICE.
TREASURY DEPAnrMRNr,7

March 10, 1915. s
inpursuance OF powers, which have been du>
" vested IN the Secretary of the Treasury, un.
DER an act OF the Congress OF the United States,
entitled An act to authorize loan tor a sum
not exceeding eighteen millions, four hundred
and nifty two thousand eight hundred dollars"
approved by the President of the United States
on the Sd March, current, proposals will be
received by the Secretary of the Treasury from
TINS time until the first day of May next (un-
less the amount required should be previously
suoscribed) for loan OF the United States, of
'le sum OF twelve millions or Dollars, or any
Partthereo', on the following terms, and in the
following manner
The proposals must state the amount TO be
loaned the rate at which the stock will be
received the nstelments in which the party
wiii make the payments, rot exceeding, for
the whole, ninety days from the date OF the
SUBSCRIPTION, and the banks into which the
Payments will be made.
.. The 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. 1912,
the 18th of February, 1913, and the 4th of
March, 1914, at their par value, with the in
terest accrued thereon at the time of paw
ment. The kind of payment INTENDED 20 be
inside must be stated IN the proposals and
where the terms of subscription are equal, a
preference will be given to offers for paving
IN Treasury Notes, which have become due
and remain unpaid, ws;h an allowance of the
interest upon such notes, as well since, as
before they became due.
. On failure TO pay any instalmcnt at the
time stipulated, the next preceding install
ment shall be forfeited for the use of the
United States
a. Scrip certificates will be issued by the
Cashiers OF the Banks into which the nav.
ments shall be made, to the corporations, or
persons, making the payments; the Cashiers
wii'' also, endorse the payment OF the sue
cessVe instruments the scrip certificates
VIII be assignable by endorsement and delive
ny and will be funded at the Loan Office
OF the State, in which the bank is situated,
where the payments have been made.
D. For the amount loaned, stock will be issu-
ed, when the instruments 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 he
last OF December next: aud the Sinking
Fund is charged with the punctual pay-
ment OF the interest, and the reimburse
ment OF the principal according to contract.
IT is desirable, as tar as the public interest
VIII permit, TO reduce the amount of the Treaa
sury Note debt, and, particularly, the portion
OF it, 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 the proposals should
bear some relation to the actual fair price OF
stock, in the market of Philadelphia or New.
York.
a Commission of one forth will be allowed
to any person collecting subscriptions for
the purpose of Incorporating them in one pro
posal to the amount Of $4,000 dollars or up
wards, provided such proposals shall be ac-
copied.
A DALLAS.
Secretary of the Treasury.
N. b. The Printers of tie laws Of the United
States are requested TO publish this notice three
times week until tie Isl of May; and the
commissioners OF Loans in the respective
states viii, also, be pleased to give it an early