Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1815-04-15
@oTicE.
TREASURY DsrARrMENr,
March 10, 1915.

March 10, 1915.
lnrursuance of powers, which have been dii-
ly vested IN the Secretary of the Treasury, uns
der an act oil the Congress of the United States,
entitled : an ect 20 authorize loan for suH,
nos exceeding eighteen millions, four hundred
and nifty two thousand eight hundred dollars"
approved by the President of the United States
on me Sd March, current, proposals will be
received by the Secretary OF the Treasury from
TINS time until the first day of May next Gun
less the amount required should lie previously
suoscribed) for loan OF the Unted States, Of
the sum OF twelve millions OK Dollars, or any
part thereof, on the following terms, and in the
following manner
The proposals must state the amount to be
loaned; the rate at which the stock will be
received the iRstalments in which the party
Will make the payments, rot exceeuinr, for
the whole, ninety days from the date of the
subscription, and the banks into which the
payments will be made.
4. 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. 1872,
the 18th Of February, 1913, and the 9Th of
March, 1914, at theft par value, with the in-
terest accrued thereon at the time of pay.
ment. The kind ofpayment intended to be
made must be stated in the proposals and
where the terms of subscription are equal,
preference will be given to offers for paying
h IN treasury Note s, 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.
3 On failure TO pay any instalnent at the
time stipulated, the next pr ceding install.
ment shall be forfeited for the use of the
United States
4. Scrip certificates 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 payment OF the sue
cessiye insta!m the scrip certificates
viii be assignabie by endorsement and delive.
ny and viii 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 ioaBed, stock will be issu-
ed, when the instruments are completed,
bearing interest at per cent. per aanuul,
payable quarter yearly. The stock viii be
reimbursabie at Tie pleasure of the United
States at any time after twelve years from he
last OF December next: and the Sinking
Fund is charged wEh the punctual pay
ment of the interest, and the reimbutJe-
ment of the principal according to contract.
1t rs desirable, IS FAR as the public interest
will permit, to reduce the alnount of the Trea.
sury Note debt, and, particularly, the portion
OF IT, wbichis due and uapaid and, therefore,
an early subscription is recommended to the
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 faic price OF
stock, in the market Of Philadelphia or New
York.
Commissioa Of one forth will be allowed
to any person collecting subscriptions for
the purpose OF incorporating them in one pro
pcsalf to the amount of $4,000 dollars or up.
wards, provided such proposals shall be ac-
cepted.
Al DALLAS.
Secretary Of the Treasury.
N. D. The Printers of the laws of the United
States are requested to publish this notice three
times week until the 1st of May; and the
Commissioners OF Loans in the respective
states will, also, be pleased to give it an early
and general circulation.