Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1815-04-01
NOTICE.
rREAsuRY DEPARrMrET, !

March ~, 1913.
inpursuanee 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 for sum
not exceeding eighteen millions, four hundred
and nifty two thousand eight hundred dollars"
approved by the President OF The United States
Oh the 81 March, current, proposals will be
I ceVed by the Secretary OF the Treasury from
this time until the first day of MAY next (un-
les the amount required should be previously
suoscribed) Tor loan OF the United States, of
the SUN OF twelve millions OF Dollars, or any
part thereof, on the following terms, aud in the
following manner
l The proposals must state the amount to be
loaned the rate at which the stock will be
received (; the instalments in which the party
VIII 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.
IL. 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, 1873, and the 4th of
March, 1914, at their par value, with the IN
terest accrued thereon at the time of pay.
ment. The Kind oil payment INTENDED to he
male must be stated IN the proposals and
\ "hSiS VIC tCIinS vi SUBSCRIPTION are GOUat, q
| 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.
| 8 On failure to pay any instalment at the
time stipulated, the hext pr ceding install
ment shall be forfeited for the use OF the
! United States.
g. Scrip-ceri iicates will be. issued by the
| Cashiers ut Ranks tnfn ,gh tka
ments shall be made, to the corporations, or
| persons, making the payments; the Cashiers
| Will. also, endorse the payment OF the sue
| cessve instalments the scrip certificates
will DC assignabe by endorsement aud deiive
| ~ and viii be funded at the Loan Office
| OF the State, in which the bank is situated.
| where the payments have been made.
S. For The amount osaed, stock will be issu.
| ed, when the instruments are completed,
| bearing interest at per cent. per annum,
| payable quarter yeary. The stock will be
relmbursabe 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 pay-
| ment of the interest, and the reimburser
| ment of the principal according to contract.
| It is desirable, as far as the public interest
! will permit, 10 reduce the amount of The TreaA
| sury Note debt, and, particularly, the portion
| OF IL, which is due and unpsid and, therefor
an early subscription is recommended to the
holders of Treasury Notes. Bui, IN order to
save time and trouble, it may be proper to oh.
serve, that the terms OF the propose should
bear some relation to the actual fair price OF
stock, III the market OF Phiadelphia or New
York.
| a Commission of one forth will be allowed
to any person collecting subscriptions for
! the purpose OF Incorporating them in ona pro
| posal to the amount of $4,000 dollars or up
wards, provided such proposals shall DC &C
copied.
4 J DALLAS
| Secretary of the l'r, asury.
N. b. The Printers OF tie laws OF tn, United
States are requested 10 publish this notice three
/ times week until tie Is of May and the
Commissioners OF Loans in tie respective
states will, also be pleased In giy.. il an earlr