Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-05-10
TREASURY DEPARTMENT,

NNHEREAs, the Sd of March. 1925, a law was
w passed by the Congress of the United States of
which The sd, lt and 5h sections i'll the follow
ing, viz:
SEC j. ind be 1t further enacted That subscription
TO the amount OF twelve millions of dollars, of the six per
cent stock of the eighteen hundred thirteen be-
and the hereby proposed which purpose books
shall be opened at the Treasury of the States and
at the several loan first dav of ApriI next
t" continue open until the first day there afte for
such parts ot the above mentioned description stock as
snail on the day OF subscriptions stand books of the
treasury and on those of the oa Offices rcspec-
nVeiy winch subscription shall be effected by transfer to
the United States, i'll the manner provided ,v law for
"uch transfers, ut the credit credits standing the said
oookS ana by surrender OF the stock SO
subscribed Provided, That all subscription by such trans
fer of stock shall he considered part of the said twelve
millions Of dollars authorized to be borrowed hv tI e :,
section of this
SEC d. 1nabe ufurtter enacted, That for the whole
I" any P"ii oil any sum which shall be thus subscribed.
credits shall be entered the respective Subscribers vino
sha e emitted 10 certificate certificates purportimg
that the United States holder or holders brraf
MS hef' or le assigns sum to be expressed therein
equa TO the amount OF the principal subscribed
bearing an interest not exceeding four one half pc
centum per annum payable quarterly, from the thirty
MIST Gay OF December, one thousand eight hundred and
twenty transferable i'll the as is prov
e oy law Ion he transfer OF the stock subscribed aud
Jec to redemption the pleasure United States as
follows: one bali at any time after the thirty day OF
Decenber one thousand eight hundred and tweny-einht:
anu the remainder at any time after the thirty day of
December thousand eight hundred and twentv-nip.
Provided, That lcimburseme shall be made for
tie whole amount of such certificate; nor until after
at least six months public such ufe nded .im
bursement And shall be the duty the Secretary of
the Treasury to to be reausfeed respective
subscribers the several sums by them beyond the
amount of the certificates and one half per cent
stock issued to them respectively.
SEC D. lind be al further enacted, That the same
funds which have heretofore BEEN and are pIedged
by law for the payment of interest," and for the redemp
ton and reimbursement of the stock which may he re-
deemed or reimbursed by virtue of the provisions of this
shall remain pledged in like fo the pavuent of the
interest accrung the stock by reason of such
subscription, and for the redemption reimbursement of
the principal OF the And shall he the duty of the
commissioners Of the sinking fluid To cause IN nc nDed
ana PAID out OF the said fund.- yearly every year such
sum and sums may be annually required to discharge
the interest accruing the which may be created bv
virtue OF this act The said commissioners ire also hereby
authorized to apply from time time such sum sums
our OF the SAID fund.- as they may think proper towards
heenng by purchase, by reimbursement, conformity
with the provisions of this act, principal said
stock; and such part Of the of millions Of
dollars vested by law the said commissioners may be
necessary and required for the above purposes, shall be
ana continue appropriated to the payment and
redemption of the public debit until the whole of the stock
which may created under the provisions of this act
shall have been redeemed or reimbursed"
Now, therefore, notice is hereby given. that books will be
opened the Treasury of the United States and AZ the
open until the first day Of October thereafter for re-
ceivng subscriptions IN conformity the provisions Of the
said law
The subscriptions may be by the proprietors Of the
stock, either IN person by their Attorneys duly AUTHORITY
cd to subscribe and transfer il the United States
Should subscriptions of said stock be made to amopr,
exceeding twelve millions of dollars distribution If ,e
said sum Of twelve millions will be made among the sun
scribers, IN proportion the subscribed By then, ~
pectvely.
SAMUEL L. SOUTHARD,
=, Airing Secretary Of the Treasury