Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-06-14
TREASURY DEPARTMENT.

.hdTciJI l, 1928.
! az HEREAs, on the Sd OF March, 1925, law was
w passed ny the Congress of the United States Of
which the Sd, h, and 5 sections in words follow
ing viz:
SEC 8. ind be farther enacted That sur,scrntiop
to the amount twelve millions dollars of the six per
cent stock OF the eighteen hundred thirteen be-
ana the same is hereby proposed; for which purpose books
shall be opened at the Treasury the United States and
at the several loan Offices the first day of April next
TO continue open until the first day of Ocobe.
such parts the above mentioned descrip ON of stock
shall on the day of subscriptions on the books of the
treasury and those OF the Offices respec-
lively; which subscription shall be effected y transfer to
the United States i'll the manner provided by law for
such transfers, of the credit standing on the said
books and by d surrender of the certi6cutes f e ,c 60
subscribed Provided, That all subscrptoub v such trans
Ter OF stock shall be considered part of the said twelve
mili""s Of dollars authorized be borrowed by The first
section of this
"SEC. 4. lind he II further c,,ucH THAI ~ ~, rt,
OF any of any which shall be thus subscribed
cLes snail be entered to the respective subscribers, who
shall be entitled certificate certificates
that the United States holder or holders tbrreo
iis her, or their assigns be expressed tLerc;n
equal to the amount fhe principal thus Subscribed
bearing an interest exceeding four and one half nor
cenum per annun, payable quarterly, from the thrtv
frst day OF December, thousand eight hundred ,,,l
twenty five; transferable in the manner as is provi
ue" oy law of te transfer OF the stock subscribed sub
Jcct to redemption the pleasure United States
ioo"s; Que ha at any time after the thrtyst dav of
December, thousand eight hundred and
and the remainder any thirty dav of
December, thousand eight hundred and
Provided Tina no reimbursement shall no p,, -. ne
/ nftn
ut least six months public notice of such intended
buTsenen Aud IT shall be the duty of the Sccctorv of
the Treasury to cause to be reansfered to the
subscribers the several by them subscribed bevoud the
amount of the certificates of and one half nor com
stock issued 10 them respectively.
"SeC. 5. .4ltd be ii GAiher e,,0c,ed Tia, ,h ,
funds which have heretofore BEEN and now are pIcded
by law for the payment nthe interest and for the
no" and reimbursement of the stock which may be re-
deemed OF reimbursed by virtue provisions o t,e -
shall remain pledged i'll like manner for the pavpcn, or M
interest accrung the stock created bv rcasou e e,c
subscriptions and tor The redemption reimbursement of
the principal of the And shall be the dtv NJ tho
commissioners OF the sinking to cause Tn he ,nnieJ
and paid, out OF the said fund.- yearly and every c
sum and sums may be annually required IN d;ecb,ro
the interest accruiug the which may Inc c,c,tcJ 81
virtue OF this act The said commissioners re-
antoIHed to apply from time TO tme such sum aud sums
our OF the salo und as they may think proper towards
deeming by purchase, by reimbursement i'm conformity
with the provisions Of this act the prucpa of tho IA
stock; aud such part of the annual of ten millions f
dollars vested by law in the said commissioners m NAV b
necessary aud required for the above purposes shall no
and contiiue appropriated payment of Interest aud
redemption of the public debt, until the whole of the oc
which may be created under the provisions of this act
snail have been redeemed or reimbursed"
Now, therefore, notice is hereby give tina books will no
opened at the Treasury Of the United States and AZ ,
several loan Offices, the first day April next and con-
nue open until the first day of October thereafter for
ceyg subscriptions conformity with the provisions Of ,
said law. "
The subscriptions may be made by the proretors Of the
stock either IN person by their Attorneys duly auboz
cd to subscribe and transfer to the United States
Should subscriptions of said stock be made to an atpo,,
exceeding twelve millions of dollars, distribution Of the
said sum of twelve millions will made among rl,e qb
scrioers III proportion the subscribed by them res
pcctively.
SAMUEL L. soUTHARD.
Acting Secretary Of the Treasury.
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