Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1815-04-22
r0TIcE.
TREASURY DEPARrMENr, }

March 10, 1915.
inpursuance of powers, which have been dii-
~ vested m the Secretary of the Treasury, un>
DER an act OF the Congress Of the United States,
entitled An act TO authorize loan for sum
not exceeding eighteen millions, four hundred
and fifty two thousand eight hundred dollars, .
approved by the President of the United States
o" the Sd March, currc., proposals will be
received by the Secretary Of the Treasury from
inns time until the first day Of May next Gun
less the amount required should be previous v
svoscfibed) for loan Of the United States, OF
tue sum OF twelve millions of Dollars, or any
part thereof, on the following terms, and in the
following manner
ihe proposals must state the amount to be
loaned the rate at which the stock will be
received the instalments in which the party
will 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.
=. 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,
inc 18th of February, 1873, and the 18th of
March, 1914, at theft par value, will, the in
terest accrued thereon at the time of pay.
ment. The kind OF payment INTENDED 10 be
male must be stated IN the proposals and
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.
8 On failure To pay any instalment at Tho
time stipulated, the next preceding install
meht shall be forfeited FOR the use of the
United States
A. Scrip-certihcates will be issued by the
Cashiers OF the Banks into which the paw.
ments shall be made, to the corporations. or
persons, making the payments; the Cashiers
VIII, also, endorse the payment OF the sue
cesslve instruments; the scrip certificates
VIII be assIgnable by endorsement and delive
ry and will be funded at the Loan Office
OF the State, in which the bank is situated,
where the payments have been made.
D. For the amount losRed, stock viii be issu.
ed, when the instaimsnts are completed,
bearing interest at per cent. per annum,
payable quarter yesry. The stock will he
remhursabie at the pleasure of the United
States at any time after twelve years from he
last OF December next: and the Sinking
Fund is charged with the punctuai pay
ment OF the interest, and the reimburse
ment OF the principal according to contract
1t is desirable, as far as the public interest
will permit. to reduce the am6,nt of the Treaa
sury Note debt, and, particularly, the portion
or II, which, IS due and unpaid and, therefore,
an eariy subscription is recommended to the
holders or Treasury Notes. Bat, in order to
save time and trouble, it may be proper TO OBJ
serve, that the terms Of the propose should
Dear some relation to the actual fair price OF
stock, IN the market OF Philadelphia or New.
York.
Commission OF one forth viii be allowed
70 any person collecting subscriptions for
the purpose ct 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. o. 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
s'n,es viii, also, be pleased to give it an early
and general circulation.