Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-09-02
TREASURY DEPARr7IEST,
March ID. 1909

NNTHEnEAs, the Sd of March. 1925, law was
~ passed by the Congress OF the United States Of
which the Sd, 18th, and 5ih tie words lluv
ing, viz:
:sEc. g. ind be ii further enacted, That subscription
to the OF twelve millions of dollars, of the per
cent stock OF the year eighteen hundred aud thirteen,
and the hereby proposed; for which purpose
shall be opened the Treasury Of the United Suites, and
several loan Offices the first day of April next
open until the first day of October thereae
such parts of the above mentioned description of
SHALL the day Of subscription, stand the books of the
Treasury, and those Of the several loan Offices
tively which subscription shall be effected by
the United States in the provided by law fa
such transfers. of the credit credits standing the said
books aud by surrender of the certificates Of the stock
subscribed Provided, That all subscription by such
fer OF stock shall he considered part of the said twelve
millions Of dollars authorized TO be borrowed by the ifs!
section OF this act.
"SEt4 4. .4ndbe it, further e,,qcted That for the whole
any part of any which shall be thus subscribed
credits shall be entered the respective subscribers
shall be entitled to certificate certificates purportins
that the United States the holder holders thereof
his her, or telr assigns, sum to be expressed therein
equal the the principal stock subscribed
bearing interest not exceeding four and half per
ccntum per annum, payable quarterly, from the Thirty
first day of December, thousand eight hundred aud
twenty fve transferable in the is provi-
ded by Law for the transfer ofhe stock subscribed and sub
Iec redemption the pleasure of the United States
follows: half any time after the thttyrS day
December, thousand eight hundred and tweutyegh
and the remainder any time after the thirty Ist day of
December, thousand eight hundred aud twenty ine
PTovided That no reimbursement shall be made except Tor
the whole amount of such certificate; until after
least six months public notice of such intended
burseneDt Aud shall be the duty of the Secretary
the Treasury the respective
subscribers the several by them subscribed beyond the
amount of tho certificates of four aud half per
stock issued to them respectively.
''SEC. 5. lind be IL further enacted, That the same
funds which have heretofore becn and are, pledged
by law Tor the payment nfhe Interest," and for the redemp
tor reimbursement of stock which may be re-
deemed remburscdby virtue of the provisions of this
shall remain pledged IN ike for the payment of the
interest accruing the stock created by of such
pf
the principal OF the same And shall duty the
commissioners of the sinking fund he applied
and paid of the said fund, ycasv and every year. such
sum and may be annually required discharge
the accrung the stock which may be created by
virtue this The said commissioners also, hereby
authorized. apply from tine tme such aud
of the said fund, cy may think proper, towards
dceming by purchase, by reimbursement, in conformity
with the provisions Of this act the principal Of the said
stock aud such part of the annual sum Of millions of
dollars vested by the said commissioners, may be
necessary and required the purposes, shall be
and continue appropriated TO the payment Of interest and
redemption Of she public debit until tie whole of the stock
which may be created uder The provisions OF tins act
shall have been redeemed or rclWbufscd."
Now therefore notice hereby siveu that books will be
opened ~ e Treasury tho United States, aud at the
several loan Offices the first day cf April next, and con-
uc open umtil day of October thereaiter for
ceivng subscriptions conformity with the provisions OF the
said law.
The subscriptions may be nade by the PROJECTORS Of the
stock, either in person or by their Attorneys duly authorz-
cd to subscribe and transfer it the United States
Should subscriptions Of said stock DC made to an amount
exceeding twelve millions of do distribution OF the
said Of twelve millions will he made among the sub
scribeTs in proportion tie Subscribed by them res
/ pcctively.
SAMUEL L. soUTHARD,
4 Acting Secretary Of the Treasury
March % 55t