The enquirer. [volume] (Richmond, Va.) 1804-1815, 1815-01-03

Sec. 8. -7ndbe st further enacted Thst the Secre-
tary OF the Treasury be- and he is hereby authorised,
with the appreciation Of the President OF the United
states, to employ An agent agents for the purpose
oil obtaining subscriptions for the loan authorised by
this act or OF selling any part OF the stock be
ted by virtue thereof A commission not exceeding
one quarter OF one per cent the thus sold
or for which subscriptions shall have been thus obtain
ed, may, by the Secretary the Treasury, be allow
ed to such agent or agents; and not exceeding
nne Thousand dollars, to be paid out Of any monies in
the treasury not otherwse appropriated il hereby APP
proprated tor pa ing the amount oil such commission
or commissions AZ may be thus allowed, and also for
defrsyng the eSpences OF printing and issuing the sub
scrpton certificates and certificates OF stock and other
eApences incident to the completing OF the loan author
ised by thisact.
Sec, d. ind be IL further enacted, That it shall be
lawful to receive 10 payment otany loan obtained under
this act ofsunser any other ut Congress authorship
loan, Treasury notes which have been issued accor-
dug 10 law, and which shall become due aiid plyabe
on or before the first day of january next, at the
par value oil such ireasr. notes, together wi the it,
tcres; thereon accrued, the time Of the payment
account of the loan.
Secs .fnaSeit further enacted That SO much Of
the funds constituting the annual appropriation Of eight
millions OF dollars, FOR the payment al the principal a.d
interest OF the public debt OF the United States as may
be wanted for that purpose, afer satisfying tho.
necessary tor the payment OF the interest and suci, part
OF the principal ct snd debt. the United States
now pledged annually Ga pay reimburse, is hereby
Pledged appropriated for the pawn ol the interest
and or the reimbursement ofthe principal Of the stock
which may be created by virtue OF thsaet II shall
accordingly be the duty o, the commissioners of the
sinking fund, to cause to be applied and paid oftc
said fund, yearly such and as may be annu-
ally wanted, to discharge the interest aecrg the
said stock and to reimburse the principal as tle same
shall become due, and may BIZ discharged n conformity
with the terms Of the loan aud they are further a-
thnrised apply from time tine such sum or sums
out OF the said fund.- they may think proper towards
redeemng, BY purchase, and at n price net above
par the principal OF the sd stock or any part there
OF
Sec. g. fad beit htisr enacted That in addition T.,
the annual sum of eight millions OF dollars hereto ore
appropriated to the sinking fund.- adequate and per,na.
ehtfunds shall, during the present se of Congress-
be provided and appropriated for the payment of the
interest ard reimbursement OF the prncipalo said stock
created by this act
Sec Z. find he i. further enacted That an ads-
quate and permanent sinking fund.- gradually 10 reduce
and eventually to ext,gsh the public debt contracted
4 to be contracted, during the present war; shall also
be established during the present session of Con-
gress.
Sec 8. .andbeit further enacted That it shall be
lawful for any OF the Ranks OF the District of Columbia
TO lend any part fthe to be borrowed By virtue of
this act, thing in any of their charters the contra
ry notwithstanding.
L.4.NGDO N CHEVES,
Speaker of the House Of Representatives
T.. GERRY,
Vice-Presidcnt of the United States, and
President of the Senate.
November 49, 1914.
.4bproued,
J4.lEES .gk7DISOM