Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1825-07-29
TREASURY DErARrmrNr, March IA, 1925

~ $1,000
~ hEhEAS ON the Sd March, s25, law passed by
the Congress the United States. oil which the Sd, 4t
ana ON sections are n the words following, viz
Sec. 3. And be frthsr enacted, That subscription
'e amount OF twelve millions OF dollars OF the per
same hereby proposed for which purpose books shall be
opened the Treasury Of the United States
tai loan Offices, the first vi April continue open
until the first day oi October thereafter for such parts the
subscription, stand the hooks o the Treasury, those
Of IN. several loan offices, respectively which subscription
shall be effected by the States in the man
aer provided by law Ior snch transfers, Of the credit
standing ON said books and by surrender of the certificates OF
the stock subscribed Provided That all b.,
such ,rsn,ies Of stock shall b. considered part the said
millions o dollars auIhoiisedto be borrow b, The t
"see. Ind be further enacted That for the whole or
auy part OF sum, winch shall he thus su,cbrd ci.
shall be sed the respective su,sber Who al he en-.
titled certificate certificates. that he United
States owe 10 the holder holders thereof his her OF their
assigns, sum to he expressed therein equal the amount OF
the principal stock thus subscribed, bearing interest
etedns ionr AMI half per per annu pa, able
quarterly, I'm the ty of one thousand
eight hundred AMI twenty five; in t. same man
"er a. provided by law Ion M stock
ed ~ "hect To redemption at the pleasure United
States, follows halt at any thirty
day OF December, Thousand eight hundred aud twenty
eight aid the remainder a, time after the iriyrst day
OF Deecnbet thousand eight hundred twent,
Pooded That no fembnrsem,n shall he made except fv the
whole amount o such new certificate, until after least six
months pnhie notice OF such intended And
shall he the duty OF the S.c,eiar, the Treasury
10 nc retsneed to ihe respective subscribers the several
sums by them subscribed hey on the certificates
OF four aud one-aI cent stock them
Sec D. Ind be 1t further enacted That the funds
which have hereUiore been aud pledge by
the payment OF the interest," aud for the
oursernt "i The stock winch
10y virtue uf the provisions Ut this shall pledged
ike manner ior the of the accrng
stock created by ieason oi subscriptions and the
demption rrburseu,n Of the the same And
shall he the duty Of the Sinking Fund
10 cause TO be applied aud PAID Of the fund.- yearly
every year, such sum and may be annual. required
discharge the interest accrun The stock
a'ed by virtue OF this act The sand
hereby a"horisetto apply, iiom Time TO iime such
sums out OF Tue SAID ind they may think proper towards
redeeming by purchase, by conformity
with the of this the principal the stock
an dsuch part OF the annual OF millions dollars
cd ny law, III the said COMMISSIONERS be
required for the above purposes shall be- appro-
prmed To- the payment oi interest and redemption 1T pub
lie dent, until tile Whole OF the winch may created
under the provisions OF this shall have been
reimbursed"
No' therefore Notice hereby gcen That backs will he
opened The Treasury Il the Une States aud the
loan Offices, on the first day Of April next and
until The hst day oil Octoe thereafter receiving
sn,s III conformity with the provisions OF the said
The subscriptions he made by ih. proPrietos OF the
Stock either person by their Attorneys duly authorized
subscribe aud transfer TO the United States.
Should subscriptions of he an amount
eeedns twelve millions ol dollars button OF the said
OF twelve mions, will be made among the subscribers pro-
portion to tue sums subscribed by ihem respectively.
SAhl'L L. SOUTHARD
Acting Secretary of The Treasury.
March %. l05-30thS.