Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-08-19
TREAsunY DEpAnrmENr,

NXTHEREAs, the Sd of March. 1925, a law was
w passed by the Congress of the United States of
which the Sd, 4th and 5th sections the words follow
ing, viz;
SEC. s. find be IL further enacted That subscription
tothe amount of twelve millions of dollars of the six per
cent stock of the year secn hundred ana thirteen, be-
and the hereby. Proposed; purpose books
sal! be opened the Treasury of the United States and
." 'e several loan Offices, on the first day of April next
continue until the first day of October for
such parts of the abave mentioned description OF stock
shall on the day OF subscription, stand the books the
Treasury and those of the Offices, respec
tiveiy which Subscription shall be by transfer to
ihe United States, i'll the provided by law for
such transfers. of the credit credits standing the said
books and by surrender of the the stock so
s5scrIbed Provided, all subscrption bv such trans
Ter OF stock shall be considered of the said
millions Of dollars authorized by the first
section of this
% any part OF any which shall be subscribed
credits shall be entered the respective subscribers who
shall be entitled to certificate certificates purporuu
tathe United States the holder holders thereof
MS, her, their assigns, be expressed therein
'ua 10 the amount olte principal stock subscribed
hearing an Interesmo exceeding four and half pc
eentun per annum, payable quarterly, from the thirty
FIRST day OF December, thousand eight hundred and
twenty ce transferable in me manner as is prov
aed by law for the transfer ofc subscribed and sub
1ect TO redemption the pleasure of United States
follows: half at any time after the t,irtvtrs, % M
December, thousand eight hundred
aud the remainder any time after the y-frs day<of
December, thousand eight hundred aud twcnty-ine:
Provided That reimbursement shall be made excep for
e whole amount of such new certificates; until
Il; least six months public notice of such rcnl-
burseu'ent And 1t shall be the duty of the
he Treasury to be retransfened respective
subscribers the several by them subscribed beyond
amount of the certificates of four and half per
stock issued 10 them respectively.
SEC. 5. find be ii li,rtter enacted, That Tic same
inds which have heretofore been, and are, pledged
~ law forhe pa yment the interest and for the
!on aud reimbursement of the stock which may be re-
deemed reimbursed by virtue of provisions of this
sail reman pledged III like the vmen
interest accrung the stock by reason of such
5mbscipu and for the redemption reimbursement
principal Of the And shall te the duty of the
commissioners Of the siuking applied
nd paid our of the said fund yearly and every year.
and sums rs may be annually required discharge
ie interest accruing the stock which
irue of this act. The said commissioners also hereby
authorized 10 apply, from time time such sums
huf Of tie said fund.- they may think proper towards
rit the provisions of this act, the principal the said
sock al such part Of the annual ten millions OF
collars, vested ny law in the said commissioners may he
and required for the above purposes, shall be
and continue appropriated to the payment interest and
rienpton of he public ebt until the whole Of the stock
rich may be created Under the provisions this act
sh1ii Save been redeemed or reimbursed"
Now, therefore notice hereby given that books win be
'sncd a. the Treasury of the United States, and at tine
several loaH Offices the first day tf April next nnt con-
oTen Uu tie first October tiefea fer for re-
Giving subscriptions in conformity with provisions Of the
said law,
The Subscriptions may be made by the proprietors Of the
stock, ahcr person by their Attorneys duly autoriz
cd to snp,cIbe and transfer it TO the United States.
Should Subscriptions OF said stock made 10 an amount
exceeding twelve millions of dollars distribution of h,
said sum Of twelve millions will be made among the sub
?gcu,ciy
SAMUEL l.. soUTHARD,
Acting Secretary OF the Treasury