Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1815-03-22
NOTICE.
L TREASURY DEPA1THgNr,2
March 10. 1915 {

March 10, 1915.
inpursuance OF powers, which have been du,
Y vested IN the Secretary o! the Treasury, un>
DER an act OF the Congress oil the United States,
e".i'ieu " An act to authorize loan for a sum
not exceeding eighteen millions, four hundred
and h;,y two Thousand eight hundred dollars"
by the President of the United States
on tne sd March, current, proposals will be
rsce'ved BY the Secretary Of the Treasury from
inns time until the FIRST day of May next Gun
less the amount required should be previously
s,uoscfioed) tor loan OF the United States, of
'he sum OF twelve millions Of Dollars, or any
part thereof, OF the following terms, aud in the
following manner
he proposals must state the am0unt 10 be
loaned the rate at which the stock will be
received the tslments 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. s-o-
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
March, current, under the acts of Congress,
Passed. respectively, the Sob of June. 1912.
the 25th of February, 1913, and the 4ih OF
March, 1914, at their par value, with che m
terest accrued thereon at the time of pay
ment The kind of payment INTENDED to be
made must be stated in the proposals ami
where the terms of subscription are equal, 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 we'll since, as
before they became due.
5 On failure TO pay any instalment at the
time stipulated, the next preceding install.
ment shall be forfeited forsthe use of the
United States
Cashiers OF the Tanks 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
cess,ve instruments the scrip certificates
will be assignabe by endorsement and de i've.
ry and will be funded at the Loan Office
OF the State, in which the bank is situated,
where the payments have been made.
,. For the amount loaeed, stock viii 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
Fund is charged with the punctual pay
ment OF the interest, and the reimburse
ment OF the principal according 20 contract.
1t rs desirable, as far as the public interest
VIII permit, to reduce the amount OF the Treaa
surf move aent, and, particularly, the portion
OF 1t. witch IS due and unpaid and, therefore,
an early subscription is recommended to tie
holders ~ Treasury Notes. But, in order TO
save time and trouble, it may be proper to OBJ
serve, that the terms of the proposals should
hear some relation TO the actual fair 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
posal to the amount Of $4,000 dollars or up.
wards, provided such proposals shall be ac-
cepted.
A ] DALLAS.
Secretary of the Treasury
N. u. The Printers of the laws of the United
States are requested to publish this notice three
times week until the LIST of Nav; and the
Commissioners of Loans in the respec,ive
taies will also. he r,leascd cc;....