Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1815-04-12
NO 1ICE.
= TREASURY DEPARTMENT,

March 10, 1915. s
lnpWrsuance Of powers, which have been du-
ly vested IN the Secretary OF the Treasury, .une
der an act OF the Congress Of the United States,
entitled An act to authorizes loan for 2 sum
not exceeding eighteen millions, four hundred
add fi;ty two tloussnd e,ght hundred dollars
approved by the President oil the United States
on the Sd March, current, proposals will be
rsceived ny the Secretary Of the Treasury from
TINS time until the first day of May next (un-
less the amount required should he previously
suoscribeei) for 4 loan of the United States, of
'he sum OF twelve millions OK Dollars, or any
part thereof. 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 instruments in which the party
VIII make the payments, not exceeding, for
the whole, ninety days from the date OF the
subscription, ami the banks into which the
payments will be made.
2. rhe 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 cob of June. 1872,
the 25;h of February, 1913, and the 4th OF
March, 1914, at theft par value, with the in
terest accrued thereon at the time of pay.
ment The kind of payment int,a1ed toib
made must be stated in the proposals.: and
where the terms of subscription are equal, {
preference viii be given TO offers for paying
IN Treasury Notes. which have become due
aud remain unpaid, with an allowance of the
interest upon such notes, as well since, as
before they became DUE
. On failure TO pay any insts'Inent, at the
time stipulated, the next preceding install
ment shall be forfeited fer the use of the
United States
a. Scrip certificates will be issued by the
Cashiers of The Ranks into which the paw
ments shall be made, to the corporal ons. or
persons, making the payments the Cashiers
viii, also, endorse the payment OF the sue
cesslve instairn-nts the scrip certificates
viii De assignable by endorsement aud deive.
ry 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 loaRed, stock will be issu-
ed, when the instruments are completed,
bearing interest at 6 per cent. per snnllm,
payable quarter weary. The stock will be.
relmbursable at the pleasure of the United
states at any time after twelve years from he
last OF December next: and the Sinking.
Fund is charged with the punctual pays
ment Of the interest, and the reimburse-
ment Of the principal according to contract.
1t is desirable, as far as the public interest
wili permit, TO reduce the amount of The Treas
sury Note debt, and, particularly, the portion
oft, 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.
Commission Of one forth will be allowed
70 any person collecting subscriptions for
the purpose of incorporating them in one pro.
posai TO the amount of 25OOO doilsrs o. 80,
divided such proposals shall be ac.