Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-04-05
TREASURY DEPARTMENT.
MI

"HEREAs, on the Sd of March. 1925 a law was
w passed by the Congress of the United States off
which the 81, lth and 5h the words follow
ing,
SEC. B. lind be ii further enacted That subscrimio,
the amount oitweve millions OF dollars, of the per
cent stock Of the year eighteen hundred thirteen be-
and the same hereby proposed for which purpose books
shall be opened the Treasury the United States and
at the several loan Offices, the first day Ap next
TO connSe open until the first day October for
such parts OF the above mentioned description of stock as
SHALL the day of subscriptions stand on the books of the
Treasury, and on those OF the several Offices espec
uvey; winch subscription shall be effected by transfer to
the United States, i'll the inner provided NV law for
such transfers. OF the credit credits standing on the 81
books and by surrender of the certificates the stock so
subscribed Provided, That all subscription by such trans
Ter OF stock shall be considered part of the said twev
millions OF dollars authorized be borrowed bv the FIRST
section of this act.
"SEc A. .4ndbe H(trther enacted That for the whole
on any part of any which shall he tins subschod
credits shall be entered the respective yo
shall he entitled certificate certificates prpot
mat the United States oweto the holder holders thereof
MS her, OF their assigns be EXPRESSED therein
equal to the amount the principal stock thus subscribed
bearing an interest exceeding and one half nor
ce"'um per ahnum, payable quarterly, from the thirty
hrSt day OF Deccmber thousand eight hundred and
twenty-five transferable i'll the manner as is prov
aed by law for the transfer ofe subscribed and sub
jeC 10 redemption AT the pleasure of the United States
follows: one half any time the thirty d,v of
December, thousand eight hundred and
ana The remainder any After the thirty first av of
ecemoer' one thousand eight hundred tweny-nine.
'"'iueu mai no reimbursement shall be
tue whole amount of such certificate; nor until afsr
at least SIX months public notice such intended r,m
DurSenent And shall be the duty of the S,cetorv of
me treasury TO cause be retranserred TO the
subscribers the several sums by them subscribed beyond the
amount oil the certificates OF four one half per cent
stock issued to them respectively
SEC. D. INA De Al FURTHER enacted That the same
"S "''cn nave heretofore been, aud are pledged
by law for the payment of the interest and for the
ton and reimbursement of the stock which may he ,e
deemed or reimbursed BY virtue of the proyisions o ~ ,
sha remain pledged in like for the payment of tho
interest accrug on the stock created by reason of such
SUBSCRIPTIONS and Tor the redemption or reimbursement of
e pihcpal oil the same. And it shall be the duty of the
commissioners of the sinking fund to cause to h.. o,r
hd PAID out OF the said fund, yearly and every snc
sum and sums be annually required TO
me interest accrnng on the stock which may created by
virtue OF this act The said commissioners re- berebv
authorized to apply, from time to time s,cb e,,n, nd 80
OUT oil the SAID fund.- as they may think proper re-
deemng by purchase by reimbursement in conto,r,;,
win the provisions OF this act, principal of the said
stock and such part of the annual sum of ten iIIio IF
dollars vested by law in the sa id commissioners nc MOI h.
necessary and required for the above PURPOSES shall he
and continue appropriated payment of Interest and
redemption OF the public debt, until the whole of the stock
which may be created under the provisions of ,; 40,
shall have been redeemed or reimbufsedn
Now, therefore, notice hereby given that books will he
opened al the Treasury of the United States and at the
seVefa loan Offices, Oh the first day April next and
tinue open until The first day October for
ceVng subscriptions in conformity with the provisions of the
said law. " ~
ihe SUBSCRIPTIONS may be made by the propretos of the
socN eithef IN person or by their Attorneys duly authoriz
ed To subscribe and transfer it the United States
should subscriptions of said stock be made to an nmoun
exceeding twelve millions of dollars dsrhution of rho
Sdlu sum OF twelve millions will be made among the sub
scnes' III proportion to the subscribed by them res
pectiyely.
SAMUEL l.. SOUTHARD,
M, o. Acting Secretary of the Treasury.