Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-04-08
TREASURY DErARTMfN
March LII. 1895


WHEREAs, on the Sd of March, 1925 a law wos
w passed by the Congress Of the United States ur
which the Sd, 4th, and 5tl, sections ,, i, Tho I r,,
ing, viz ~
SEC. s. Ind be IL further enacted, That a subscr;pton
se amour" OF twelve millions oil dollars, OF the per
cent stock of tile year eighteen hunded and thirteen he
- 'e same Is heiehy proposed; Tor which purpose books
Si oe opened at the Treasury of the United States and
=, w 'ei"i loan oihces, on the first day of April next,
continue open until the fst day OF October thereafter for
paris oil ihe above mentioned description of stock as
sn' on the day of subscriptions stand ON the books of ,
ieas"'y' ana on those of the several loan Offices cs,cc
' ""cn subscription shall I've effected hy a ans(er 10
the United States, in the muuue, ,rc,;,od h - .,
such transfers. OF the credit credits s,apdnr m rho si
books, and by surrender of the cer,,Ic,tes Of
provided, That all substitution bv sucb trans
Ter oil STOCK shall be considered part of the said tw
section of this ~ ~
"SEC. 4. .4ndJe az further curc,,3 r.. g ,
o. any part OF any sum which shall he thus s,,bsc,;,I
GREATS shall be entered to the respective subsc,irs %
shaii De entit'ed to certificate certificates ,rronr
that the United States owe TO the holder m l,od | tS
MS her, or their assigns, to he .xur.ss ID ,o;
l % e ah'"uh OF the principal stock thus subscribed
bearing an interest exceeding four and ana nj, -
cehtum per annuIn payable quarterly from tho ,h;i
st oSy oil December, thousand eight hundred and
-"'e' transferable IN the same as is provi-
aed by Jaw Tor the transfer ote stock subscribed nd uh
Jec' 10 redemption al the pleasure the United States nc
,"o"s; one ha at any time alter the thin first dav ne
December, one thousand eight hundred and tven,,oh,
ana me remainder AT any time after try-frst dny Of
December, one thousand eight hundred and
s'ueu iha no reimbursement shall be made except for
" eas' SIX months public notice of such intended re,n
pufsenent And II shall be duty of the S,c,a,,, c
c treasury TO cause to be to the
SUBSCRIBERS the several sum, by them subscribed bo,o a.
amount of the certificates of roul am, one half nr %
stock issued TO them respectively.
SEC. 5. Ind be al Gtrtifr c,ocJ,J .Th,, H.,
FUNDS which have heretofore been, aud now arr n,ed,e
~ Id" m he payment nj The interest, for the redemp-
Nv" ana REIMBURSEMENT ri the stock which may be re-
deemed or reimbursed by virtue of the rovso,. ~ ,t
pledged in like manner for the payment of the
interest accruing the stock created Inv re,eo Of |
suoScl P'on and Tor the redemption or remhrs.man NJ
me principal OF the And it shall be the y Of tho
commissioners Oh the sinking fund ause to he appied
M ' our "' the saia fund, yearly and every year such
SUN ana sums as may be annually required In dscb,roa
me interest accrung the stock which nav no -
ite VI 'S act he said commissioners re- also hereby
"th"Ii2cn TO apply from time time such sum and sums
VI ' sdi iud' as ihey may think proper, wards re-
"ee,s' oy purchase, by reimbursement i'm conCorn,
with the provisions of this act the prncnol of ,ho ,i
soch' ana such part OF the sum of ten millions m
vested Dy law III the said commissioners as NAV be
an" required Tor the above purposes shall he
and continue appropriated the paylnent of nta,nst ma
uehptoh Oh the public debt until whole of the s,oct
winch may be created under the proy,ions ~ ,his 30,
siaH nave oeen redeemed reimbursed
NOW, therefore, notice IS hereby given. that books will h
opened az the Treasury OF the United States and n. the
seVefa loan oilces the first Arl next md con
n"e open un' the first day Of October for re-
celvng subscriptions in conformity with ,bc Of h
said law VI '"'
The subscriptions may be by the proprieors of the
Sock' eher III person or by their Attorneys duly auboz
Gu I'd subscribe and transfer the Untpd States
Should subscriptions of aid stock he mad. 10 ~ .
exceeding twelve millions of dola distribution of tho
s'' sum OF Twelve millions will be made among the subj
scrloers IN proportion to the subscribed bv ,hcp
pectvely. - ~ "
SAMUEL L. SOUTHARD.
Acting Secretary of the Treasury