Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1815-04-26
NOTICE.
TREASURY DEPARrAENr,
March 10, 1915.

y
mpursusnce OF powers, which hare been du>
~ vested IN the Secretary of the Treasury. UNI
yer an act OF the Congress OF the United States,
e'ttied I" An act to authorize loan for n SUN
NOT exceeding eighteen millions, four hundred
and nifty two thousand eight hundred DOLLARS
approved by the President of the United States
on Tue sd March, current, proposals will be
received by the Secretary OF the Treasury from
TINS lime until the first day of May next Cum
lesS the amount required should be previously
suoscribed) for a loan OF the United States, Of
sne sum OF twelve millions of Dollars, or any
Pt,' ,ncreot, on the following terms, and in the
following manner.
ihc prcposa.s must state the amount 10 be
loaned F; the rate At which the stock will be
received the instruments in which the party
whi make The payments, not exceeding, for
the Whole, niuety days from the date of the
subscription, and the banks into which the
Payments will be made.
:. The payments viii be received either in
money, or in approved bank notes, or in trea-
sury notes actually issued before the Cd Of
march, current, under the acts of Congress,
passed, respectively, the son of June 1912,
the 25th of February, 1913, and the 4,h of
March, 1910. at theft par value, with the m
'erest accrued thereon at the time of. pay.
mept. The Kind OF payment intsn.ed TO be
Wsde must be stated in the proposals and
where tile terms u. subscription are equal, "a
preference vii! be given to offers for paving
IN Treasury Notes, which have become due
andremaii unpaid, with an allowance of the
interest upon such notes, as well since, as
before they became due.
8 On failure to pay any instairrent at the
time stipulated, the next preceding install
nent shall be forfeited for the use OF the
United States :,
4. Scrip iEcates will be issued by the
ACashiers OF the Banks into which the pay
ments shall be made, TO the corporations, or
persons, making the payments; the Cashiers
VIII, also, endorse the payment OF the sue
cessive instalmsnts; the scrip certificates
VIII De asslgpabis by endorsement and delive
Y ny and whlb funded at the Loan Office
OF the State, in which the bank il situated,
where the Payments have been made.
D. For the amount loaned, stock will be issu-
ed, when the instruments are completed,
bearing interest at per cent. per annum,
payable quarter yearly. The stock will be
rembursable 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 punctual pay-
ment OF the interest, and the reinburse-
ment of the principal according to contract
1t is desirable, as far as, the public interest
will permit, to reduce the amount of the rreas
sury Note debt, and, particularly, the portion
Off,. whichis due and unpaid 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 fair price oil
stock, in the market of Phiadelphia 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 &C.
A. j DALLAS.
Secretary of the Treasury
N. b. The Printers OK the laws of the United
States are requested to publish this notice three
times week until the LIST of May; and Che
Commissioners Of Loans in the respective
states viii, also, be pleased to give it an early
and general circulation.
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