Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-04-22
TREASURY DEPARTMENT,
March Id. 1895

MaEaEAs, on the Sd of March, 1925, a law was
w passed by the Congress of the United States of
which the Sd, 4h 5th the words follow
ing viz:
"SEc 3. find be further enacted That subscription
to the of twelve mons of dollars, of the six per
cent stock of the year eighteen hundred thirteen he
and the same is hereby proposed; for which purpose books
shall he opened the Treasury of the United States and
at the several loan Offices, the first day of April next
to continue open until the first day of October for
such parts OF the above mentioned description stock as
SHALL the day Of subscription, on the books of the
Treasury and those of the loan Offices respec-
lively; which subscription shall he effected v transfer TO
the United States the manner provided nv Iaw for
such transfers, of the credit credits on the said
books and by surrender of the certificates of the stock so
subscribed Provided That all ripon y sucb trans
fer of stock shall considered par, of the said twelve
millions of dollars authorized be borrowed by the
section of this act.
"SEc 4. .4ndbe it. further enacted That, for tho b,.
Oh any part of any which shall he thus subsrr;bed
credits shall be entered the respective subscribers vim
snail be entitled to certificate certificates pu,no,t,y
that the United States holder holders
his, her, or their assigns, expressed therein
equal to the amount of the principal stock thus subscribed
oea'"s ah interest not exceeding four and half per
centuu per annum. payable quarterly, from the hirtv
hst day OF December, thousand eight hundred and
twenty-fve transferable i'll the manner as is urov
ueo oy law Tor the transfer of the stock subscribed and sub
Ject to redemption the pleasure United States as
ioows: one hall at any time after the thirty first day of
December, one thousand eight hundred and tweny-eol,
anu tue remainder at any time after the tiirtyhst day of
Decembe one thousand eight hundred and twenty-mne
tfoved mat no reimbursement shall be except for
the whole amount of such certificates nor until after
at least SIX months public notice such intended em
bursemcnt And shall be the duty of the Secretary of
the Treasury to cause to be the respective
the several by them subscribed bevopd the
amount Of the certificates and one half ner cant
stock issued 10 them respectively
SEC. 5. .And be 1t further enactcd That ,h. game.
FUNDS which have heretofore been and now are pedqcd
law ior me payment ut the interest and for the redemp
ton and reimbursement of the stock which NAV ~. -.
deemed or reimbursed by virtue the provisions of this
shall remain pledged in like for the payment of the
he'es' accrug on the stock created by of such
SUBSCRIPTIONS and for the redemption reimbursement of
the principal of the And shall be the duty of the
commissioners of the sinking to cause to be apnied
ana PAID out OF the said fund.- yearly every year such
sum and sums may be annually required to dscharpe
Tue interest accrug on the stock which may be created by
virtue OF TINS act The said commissioners re- also reby
authorized to apply, from time time such sun, aud s,,s
out OF the SAID fund, as they may think proper re-
heemhS by purchase, by remburs in conformity
WIN ue provisions OF this act the principal of the said
stock ana such part of the annual ten millions of
dollars vested by law in the said commissioners s NAV b
necessary and required for the above PURPOSES shall he
ana continue appropriated to the payment interest and
redemption OF the public debit until the whole of the stock
which may be created under provisions of this art
shall have been redeemed or reimbursed"
Now therefore, notice hereby give tina books will he
opened al the Treasury of the United States and at the
several loan Offices, the first day April next and con-
tinue until the first day October thereafter for re
cevins subscriptions i'll conformity the provisions of The
| said law. " '
The subscriptions may be made by propretos of the
s'ocK eher IN person or by their Attorneys duly auorz
ea 10 subscribe and transfer it to the United States
ohouid SUBSCRIPTIONS of said stock he made to an amount
exceeding twelve millions of dollars distribution of rho
SAID sum OF twelve millions will be made among the sub
scrners IN proportion to the subscribed by them
pecvely. 80
SAMUEL L. soUTHARD,
=, Acting Secretary of the Treasury.