Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-03-29
TREASURY DEPARTMENT,

"HEREAs, on the Sd of March. 1925. law
w was passed by the Congress of the United
States, of which the Sd, 18th, and 5th sections are in
the words following, viz:
'SEC. ). find be IL further enacted, That a SUBJ
scription To the amount of twelve millions of dollars,
OF the six per stock of the year eighteen nun
dred aud thirteen, he, and tie same is hereby. pro-
posed; for which purpose books shall be opened at
the Treasury of the United States, the seve-
raj loan Offices, on the first day of April next to
continue open until the fist day of October therea-
ter, Tor such parts of the above mentioned descrip-
ton of stock shall, the day Of subscriptions
stand on the books of the Treasury and on those al
the several loan Offices, respectively; which sub
scripton shall be effected by transfer to the United
States, IN the manner provided by law for such
transfers, of the credit or credits standing on the
SAID books, and by surrender of the certificates of
the stock to subscribed Provided That all sub
scfpon by such transfer of stock sha be consider
ed as part OF tine said twelve millions of dollars au-
thoized to be borrowed by the Fl st section of this
SEC +. ina be II further enacted, That, for the
whole OF any part of any which shall he thus
subscribed, credits shall DE entered the respective
subscribers, who shall be entitled to certificate ar
certificates purportng that the United States owe to
the holder or holders thereof, his, her, or their as
signs, sum To be expressed therein, equal To the
amount ofhe principal stock thus subscribed. bear
ing an interest not exceeding four and one h II per
thirty first day of December, one thousand eight
hundred and twenty five; transferable in the same
manner is provided by law for the transfer oftbe
stock subscribed, aud subject to redemption ar the
pleasure of the United States, as follows: one half
any time after the thirty first day OF December
thousand eight hundred and twentv-eiaht: and
the remainder at any time alter the thrty-hrst day
of December, one thousand eight hundred and TWEEN
tynine Provided, That reimbursement shall be
made except for the whole amount of such ney Ger
Iifcate; until after at least six months public
notice of such intended reimbursement And IL sha II
be the duty of the Secretary of th. Treasury tn
to be retransterred the respective subscri-
bers the several sums by them subscribed beyond the
amount OF the certificates of four nd one malt Der
cent. stock issued to them respectively.
"SEC. 3. INIT b. II further enucted That the
same funds which have hei etofore been, aud now
are, pledged by law for the payment of the int rest
and for the redemption and reimbursement of the
stock which may be redeemed OF reimbursed by yir-
tue of the provisions OF this act shall remain pledg-
ed in like for the payment Of the interest
cruing on the stock created by of such sub
scription. and for the redemption reimbursement
ofthe principal of the same. And it shall I've the
duty of the commissioners of the sinking lund to
cause to he applied and paid. of the said fund
yearly and every year, such sum aud sums as NAV
be annually required to discharge the interest ac-
cruing on the stock which may he created by virtue
of this act. The said commissioners are, also here
and sums out OF the said fund, as they may think
proper, towards redeemng. by purchase or bv reim-
burSenent, in conformity with the provisions of this
the principal of the said stock and such part of
the annual sum of tell millions of dollars. vested nv
law in tine said commissioners, al NAV be necessa nv
and required for the above purposes shall be n nd
continue appropriated to the pa hen of interest
and redemption of the public debt, Until the whole
Of the stock which may he created under the pro-
visions of this act, shall have been redeemed or
imbursed."
Now, therefore, notice is hereby given. that books
will he opened the Treasury of thu United States.
aud the several loan offices, Oh the FIRST dav of
April next, and continue oIen until the fist dav of
October thereafter, receiving subscriptions i'm
formity with the provisions of the said law
The subscriptions may be made by the proprietors
ofthe stock, either i'll person by their Attorneys
duly authorized to subscribe and transfer it to the
United States.
Should subscriptions of said stock be made to an
amount exceeding twelve millions of dollars, dis
trbuon of the said sum of twelve millions will be
made among the subscribers in proportion to the
sums subscribed by them respectively.
SAMUEL l.. SOUTHARD
Acting Secretary of the Treasury.
March 25