The enquirer. [volume] (Richmond, Va.) 1804-1815, 1815-04-22
Stonc-Cntters,
R,'ickiayers. and
Stonr-tTasnos
april g.,
WASHINGTON, March III.
NOTICE.

treasury OefdrfD,ent, March 10, 1878.
In pursuance It powers which have been duly vest
e IN tn seeresaEy = t'e Treasury, unieg an act Of
the Congress ofthe United States entitled An ART ~,
snfhori7e loau for sum not exceedip, schsseo
millions, tpnr hundred and fifty two thousand epIt
.nfired ooi.srs, approved by the Presient of the T.
sta'es on the 81 Of March, current proposals will be
received BY the Secretary of the Treasury from ,,c
time, until The Srst 'iay Of Nav next (unless The d
mount required shonld be previously snbscribe0I fora
lean TO Tie u States, = the sum OF twelve millions Of
poiax, orany part thereof, the following terms &
IA the following rsarer:
l. The proposals m;,t state the amount to.be ,o,npd
tie tate vi which the stock will be received the IN
ftstnents m Which the party will make the paw
Ihents. not exceeding, for the whole, ninety DAYS
IRON the date OF tie subscription, and the banks int,
which the payments will BE- male
.. tie payments will be received either in nenev or
IN approved hank notice ~. =. treasury r,Ees acIu-
ally issued before the 81 Of March current under
the acts of Congress- passed. resi,eefiyejy the 3O;b
Of June, 1872 the 2sth OF February, 1915, aud
me, 4ih OF March, 1919, at their par value,
~ith thS interest accrued thereon at the time
OF payment. Tue kind of payfiedt intended TO
&c nasue must be stated IN the proposals; and where
inc terms oil subscription are equal,a preference
WIN DC gwen TO ofers Tor paying in Treasury Notes
Wh!ch save teoon,e due and emain anpahl, with An
allowance OF the interest npon sue. notes, as well
since, rs before they became due
on failure to pay any nstaaent at the time si;bua
ted, the next preceding instaln.ent shall be forfeited
fer the use Of the u. States
ocr1p-certicsfes vii he ss,Ied ly the Casliers Of
the Banks into which, the payments sl,albe male,
10 the efrpoi atoms, or persons, making the pay
ments {; the Cashiers, WILL also, endorse the paw
Inent OF the successive instalmens; the scripceti-
bcates viii he assgnable by endorsement and deIye
~ and viii be funded Mt the Loan Office Of the
state in which the bank IS situated where the i,.,
ments have been made.
For the amount loaned, stock viii be issued when
tire nstaiments are completed, b airing interest at s
per cent per anDnm, payable quarter yearly Tie
stock will be reimbnrsabc the pleasure Of the IT,
states 1T sny time after twelve years from The last of
Deeember next and the Sinking Fund Is charged
with the punctual paymen Of the inteScs. aad the
reimbursement OF the principal, according 10 con-
tract.
Il IS desirable as far the Pablo interest will per
nit, TO reduce the spoant of the Treasury Note h.
and, particularly, the portos Of il, which - due ami
unpaid; and, therefore, early subscription is re-
commended to the holders OF Treasury Notes But.
IN order to save time and uuube IL may be proper 10
observe, that the terms Of the proposals sl,ou be,-
some relation to the actual fair price of stock in the
market O. Philadelphia or New York
A commission N one fourth per cent will he allow
eh to any ersca collecting subscriptions Tor ,he pur
pose o. incorporating item in one pro,osa To the A.
mount ct 5000 dollars, or upwards, provided sucl,
proposals shaa be accepted
a. J. DALLAS,
Sscretary oftte Treasury