The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-04-26

HFM t4 .stf fl April 10, 1919.
PURSUANT to two several acts Of Congress;
Il passed respectively the 2ist of July, io4i, ana
the 18th Of April 1912 and under the authority ofthe
President Of the United States, contained IN COM
mission under lis hands bearing even date herewith,
and directed TO the Secretary of the Treasury,
NoTlcE is hereby given that proposals VIII be re-
cevca by the Secretary of the Treasury until The hs
day of May next liom any person who may offer to
loan to the U ned States the sum of Three MioI,
Five Hundred Thousand Dollars, or any part there
Of not less than five thousand dollars. The STOCK TO
be issued for the money loaned viii be IN SUNS not
less than five hundred dollars, and will bear an inte-
rest of six per per annhm payable halt yearly
At the Treasury of the United States, or at such OF
it's agencies as Shall be designated by the Secretary OF
the Treasury and will be reimbursahe at The plea
sure of the Government at any time after twenty
years from the irs day of January eighteen hundred
and forty three
The proposals must distinctly state the amount OF
money offered be loaned and The sum that will be
paid for each hundred dollars ofsiock.
The amount loaned is TO be paid into the Treasury
of the United States, at Washington; or the Phlla-
delpha Bank or the Bank of Commerce, or The
Bank of America, in New York; or the Merchants
Bank in Boston; the nix of Virginia, at Rich
mond or the Southwestern Rail Road Bank, at
Charleston, S. c. special deposit to the credit of
the Treasurer of the United States.
The amount which may be subscribed, will be re-
qured in instruments as follows, w:
One-thiId on The fifteenth day of May next
One-thrd on the fist day of June next.
One-lhird on the first day of July next.
But any person subscribing may pay any larger
amount at his option AD
The Department reserves the right of accepting
such proposals only shall be deemed advantageous
to the Government
The cashiers of the several Banks, where the pay
mens shall be made and the Treasurer of the United
States WILL respectively issue scrip certificates bearing
interest at the rate of six per cent per annum TO the
there
on the subsequent payments on account of the seve-
raj instalmcnts when made The scrip certificates
will be assgnable by Endorsement and delivery and on
the completion OF the payments certificates OF stock
will be delivered by the Treasurer Of the United
States, by the cashier of the Bank where the pay
ments shall have been made.
On failure of payment Of any nstalment the next
preceding instalment TO be forfeited.
The whole amount subscribed by any party may
be paid at any time after the acceptance of his Offer
in anticipation Of the required insalments, and GER
tifcates of stock will thereupon be issued for such
amount.
The stock to be thus issued will be transferable by
Endorsement and delivery, and the half yearly pay
ment Of its interest and the eventual reimbursement
of its principal will be charged upon the moneys
arising from duties goods, and merchandise,
which may be imported into the United States-so
much thereof shall be equal to the payment from
time to tie of the interest and the ultimate redemp
ton of the principal of said stock being pledged and
expressly appropriated LOT nese purposes oy the act
of the fifteenth of April aforesaid, and by the same
act made applicable in the first instance, by the Sec
Rotary of the Treasury, to such payments and re-
dempton.
w. FORWARD
Secretary Of the Treasury.
I|@To be published in the National lntelllgencer,
Baltimore Sun, American Sentinel: New York Com
mercia Advertiser, Boston Atlas, Portland Advert
ser, New Haven Palladium, Hartford Patriot and
Eagle, Norfolk Beacon, Southern Patriot.
April l9-tlMay