Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1815-03-18
NOTICE.
TrEAsunY DnrARrurur.'

March 10, ISIS.
In pursuance ofpowers, which have been du-
ly vested IN tue Secretary ofihe Treasury. un-
der an act Of the Congress ofthe United States,
entitled" An act to authorize a loan for sum
NOT exceeding eighteen mliions, four hundred
and fifty two thousand eight hundred dollars"
approved by the President the United States
on the Sd OF March, current, proposals will be
received by the Secretary OF the Treasury from
this time, until the first day of May next (un.
less the amount required should be previously
snbscribed) Tor n loan to tl,aS United States, Of
the sum OF twelve millions of Dollars, or any
part thereof, on the following terms, and in the
following manner:
l. The proposals must state the amount TO he
loaned the rate at which the stock will be
received the instruments in which the party
WIN maze the payments, not exceeding, for
the whole, ninety days from the date of the
subscription, and the banks into which the
payments wilt be made.
|, Z. The payments win be received either in
money, or in approved bank notes, or in tres.
sury notes actually issued before the Sd OF
March, current, under the acts of Conrress,
passed, respectively, the S0th of June, 1912,
the 2brh of February, 1918, and the 4th of
March, 1914, at their par value, with the in i.
terest accrued thereon at the time of pay
ment. The kind of payment intended to be
made must be stated in the proposals and
where the terms of subscription arc equal, a
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 well since, as
before they became due. N5
3. On failure TO pay any instalment at the
time stipulated, the next preceding install
ment shall be forfeited for the use of the
United States.
H. Scrip-certi6cstes will be issued by the
Cashiers OF the Banks into which the pay.
ments shall be made, to the corporations, or
persons, making the payments; the Cashiers
will, also, endorse the psy-.ent of the sue
cessve instruments the scrip oertifcate s
will be assignable by endorsement and deiive
ry and will be funded at the Loan Office
of the State, in which the bank is situated.
where the payments have been made.
5. For the amount loaRed, stock will be issu-
ed, when the instaments are completed
bearing interest at per cent. per annum,
payable quarter yearly. The stock will be
reimbursabie at the pleasure of the United
States at any time after twclvelyears from the
last of December pext and the Sinking
Fund is charged with the punctual psy-
ment OF the interest, and the reimbursed
ment of the principal according to contract
1t is desirable, an far as the public interest
will permit, TO reduce the amount of the Treaa
sury Note debt, and, particularly, the portion
of it, which is due and unpaid and, there ore,
an early subscription-is recommended othe
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
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-
eepted.
A J DALLAS,
Secretary OF the Treasury.
N. =. The Printers of the laws of the Cnited
States requested to publish ti,is notice three
timess2 weak until the list OF May antthe
Commissioners of Loans in the respective
states will, also, be pleased to give it an early
and general circulation.