Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-09-06
TREASURY DEPARTMENT.,
AL

NATwEREAs, on the Sd Of March, 1925, Il law was
w passed by the Congress of the United States, of
hic Sd, 4th anh 9Th in the follow
ng, viz:
SEC. g. End be ii Jitriier cnacted, Tha, subscription
the amount of twelve millions dollars, the six per
stock of the year eighteen hundred thirteen, be-
and the hereby proposed; purpose books
snail be opened the Treasury United States nd
several loan Offices the first tlay of Anr rcyt
continue until the first October thereafter for
such parts o! the above mentioned dcScript
snail, on the DAY Of subscription stand the books of the
Treasury and those of the several loan Offices,
tively whch subscription shall be effected by
the United States, iii the manner provided by law for
such transfers. of the credit credits standing
books and b surrender OF the certificates of the stock
Provided That all subscription by such trans
fer of stock shall be considered part of the said
millions OF dollars authorized 10 be borrowed by the first
section of this
SEC. L. .4naJe nfr,er enacted, That, for the whole
any part Of ANY sum which shall be thus subscribed
credits shall be entered the respective subscribers who
shall be entitled certificate certificates puporting
ta the United States the holder holders thereof,
.'s, her, their assigns, be expressed therein,
equal to the the principal stock subscribed,
bearing interest exceeding and half per
rentum per annum, payable quarterly, from the thirty
lirst day of December, thousand eight hundred
twenty five; transferable i'll the is pro,
led by law or the transfer othe stock subscribed sub
lcct redemption the pleasure United States as
follows one half any time After the thirty of
December thousand eight hundred twentyeiyht:
remainder at any time aer the first av of
IGccnbcr thousand eight hundred and weuv-ninc:
Prored, That reimbursement shall he except for
rue whole amount Of such certificates; ror until after
rein
'ursement And shall be the duty of the Secretary
sac Treasury be the respective
Subscribers the several by them subscribed beyond the
amount Of the certificates OF four ami ha per cent
s:pck issued To them respectively.
'SEC B. ind be al further enacted, That the same
nds which have heretofore been and now are ~,
~ law FOR tho payment of interest and for the edcny-
'on al! reimbursement Of the stock which may be re-
seemed reimbursed by virtue of the provisions
snail remain pledged in like payment
interest acc'ns on the stock created by of such
subscription, and for the redemption reimbursement
principal Of the And shall he the duty
commissioners of the sinking fund be applied
and paid of the said fund, yearly every year.
and sums may be annually required discharge
the interest accrung the stock which be
The said arc also. hereby
authorized 10 apply, from time time sums
OF tho said fund.- they may think proper towards
'ieemng by purchase, by reimbursement in conformity
With the provisions of this the principal of the said
stock; and such part of the annual of millions
collars vested by law in the said commissioners mag
necessary and required for the above purposes, shall be
and continue appropriated the payment interest and
redemption of the public debt until the whole OF The stock
which may be created under the provisions of this
shall have been redeemed OK reimbursed"
Now therefore notice hereby given. will
opened the Treasury of the United States and the
several loan Offices the first day If April and
open until the first day of October thereafter, foT
eying subscriptions in conformity with the provisions ef the
said law.
The subscriptions may be made by the poprietos the
stock either in person by their Attorneys duly auhorz-
subscribe and transfer it the United States.
Should subscriptions of said stock be made
exceeding twelve millions of dollars distribution of the
said Of twelve millions will be made among the sub
scbegs, in proportion the subscribed by them
pcctvey.
SAMUEL. l.. SoUTHARD,
Acting Secretary ofthe Treasury
March p 55t