Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1815-03-29
NOTIcE.
TREASURY DRpARrMEMT, ,
March 10, 1915, {

TREASURY DRFAR ThENT, J.
March 10, 1915.
inpursuance of powers, which have been du.
ly vested IN the Secretary of the IRE as,iry. un,
der an act of the Congress of the United States.
entlued An act to authorize a loan for a sum
not exceeding eighteen millions; four hundred
and nifty two thousand eight hundred dollars. %
approved by the President OF the United States
on tne 81 March, current, proposals will be
received by the Secretary oi the Treasury from,
TINS time until the first day of May next Jun =
less the amount required should te previous v
suoscribed) for a loan of the United States, of
the sum OF twelve millions oe Dollars, or any
part thereof, ON the following terms, and in the
following manner.
The proposals must state the sfnoIInt 10 be
loaned ) the rate at which the stock will be
received the Instalfnents in which the party
WIN make the payments. hot exceeding, for
the whole, ninety days from the date Of the
subscription, and the banks into which the
payments will be made.
2. The Payments viii be received either in
money, or in approved bank notes, or in trea
sury notes actually issues before the Sd OF
March, current, under the acts of Congress,
passed, respectively, the sob Of june 1919,
the % n OF February, 1913, and the 4h of
March, 1914, az their par value, with the IN
terest accrued thereon at he time OF pay.
ment. The Kind OF payment INTENDED to be
made must be stated IN the proposals and
where The terms of subscription are equal,
preference wall be given 20 offers for paying
in Treasury Notes, which have become due
and remain unpaid, with az allowance of the
interest upon such notes, as we'll since, as
before they became due.
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.
A. ScriP-certi6cates viii 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
cesslye instruments the scrip certificates
will be assignable by endorsement and delive.
ny 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 loaRed, stock will be issu
ed, when the instruments are completed,
bearing interest at per cent. per annum,
payable quarter weary. The stock viii be
reimbursable at the pleasure of the United
States at any time after twelve years from the
last OF December next: and the Sinking
Fund is charged with the punctual pays
ment OF the interest, and the reimburse-
ment OF the principal according 10 contract
IL rs desirable, as tar the public interest
will permit, to reduce the amount of the Treas
sury Note debt, and, particularly, the portion
1T, which is due and uapad and, therefore,
an early subscription is recommended 20 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 10 the actual far price OF
stock, in the market OF Philadelphia OF New
York.
Commission Of one forth will be allowed
70 any person collecting subscriptions for
the purpose OF Incorporating them IN one pro
Posal to the amount of 5000 dollars or TN
wards, provided such proposals shall be &C
copied.
Al DALLAS