Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1815-04-05
TREASURY DEpARyMRNr

March 10, 1915.
inpursuance Of powers, which have been du.
y vested IN the Secretary OF the Treasury, un<
ger an act OF the Congress OF the United States.
en.itlea -" An act to authorize loan for sum
not exceeding eighteen millions, four hundred
and fifty two thousand eight hundred dolisrsIs
approved by the President of the United States
on eie so March, current, proposals will be
received by the Secretary Of the Treasury from
inns time until the first day of May next (unr
Tess the amount required should be previously
suoscribed) for loan of the United States, Of
tue sum OF twelve millions OF Dollars, or any
Psrt thereof, on the following terms, and in tho
ioiiowing manner.
The proposals must state the amount 70 bo
loaned the rate at which the stock will be
received the instruments in which the party
WIN make the payments, not exceeding, for
the whole, ninety days from the date of the
subscription, and the banks into which the
payments will be made.
z. The payments will be received either IN
money, or IN approved bank notes, or in trea-
sury notes actually issued before the Sd of
Marcia, current, under the acts of Congress.
Passed, respectively, the sob of June. 1912,
.ne %9h OF February, 1913, and the 9th of
March, 1914, at theft par value, with the in-
terest accrued thereon at the time of paw.
ment. The kiad of payment intended to be
made must be stated in the proposals and
"here the terms OF subscription are equal,
preference will be given to offers for paving
in Treasury Notes, which have become due
and remain unpaid, with an allowance of the
interest upon such notes, as we'll 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.
A. Scrip.certifcates WILL be issued bv ,b>
Cashiers of the Banks into which the paw
ments shall be made, to the corporations, or
persons making the payments; the Cashiers
will, also, endorse the payment of the sue
cessve instruments the scrip certificates
will be assgnabe by endorsement and deliye.
ry and will be funded at the Loan Office
or the State, in which the bank is situated
where the payments have been made.
5. For the amount loaned, stock will be issu,
ed, when the instruments are completed,
bearing interest at per cent. per annum,
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
Funa IS charged with the punctual pay-
ment OF the interest, and the reimburser
ment of the principal according to contract.
IT IS desirable, as tar as the public interest
VIII permit, to reduce the amount of the Trea.
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 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 VIII be. allowed
10 any person collecting subscriptions for
the purpose of incorporating them in one pro,
posai to the amount OF $4,000 dollars or up-
wards, crowded such proposals shall be ae..
copied.
A. j DALLAS.
Secretary of the Treasury.
NJ u. The Printers of the laws of the United
states are requested to publish this notice three
times week until the 1st of May; and the
commissioners of Loans in the respective
states VIII also, be pleased TO give it an early
and general circulation.