The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-04-21
tfarlsuaY brfARrMsxf,
Aprll 10. 1642.

ID URSUANT TO two several acts of Congress
4 passed respectively the Dist Of July, l64l, and
Inc 10Th OF April 1912 and under the authority ofthe
President Of the United States contained in a COM
mission under bis bands bearing date herewith,
and directed 10 the Secretary Of the Treasury,
NoTicE is hereby given that proposals will be re-
ceycd by the Secretary Of the Treasury until the first
day of May next lom any person who may offer to
loan TO the United States the sum Of Three Million
Five Hundred Thousand Dollars, or any part there
Of not less than five thousand dollars The stock to
be issued for the money loaned will be in not
less than five hundred dollars, and will bear inte-
rest OF SIX per centum per annum payable half yearly
at the Treasury of the United States or at such Of
s agencies shall be designated by the Secretary Of
the Treasury; and will be reimbursable at the plea
sure Of the Government at any time after twenty
years from the irst day Of January eighteen hundred
and forty three.
The proposals must distinctly state the amount of
money offered to be loaned, and the sum that will be
paid for each hundred dollars ofstock.
The amount loaned is 10 be paid into the Treasury ,
Of the United States, at Washington or the Phlla-
dePhia Bank; or the Bank OF Commerce, the
Bank of America, in New York; or the Merchants
Bank in Boston, the Bank of Virginia, at Rich
mond; or the Southwestern Rail Road Bank, at
Charleston, D. O.. as special deposit TO the credit Of
the Treasurer Of the United States.
The amount which may be subscribed, will be re-
quired in instruments as follows, viz:
One-third on the fifteenth day of May next
One-third on the fist day of June next
One-third on the first day of July next.
But any person subscribing may pay any larger
amount at his option
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
ments 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 annuD to the
persons making the payments, and will ndorse there
on the subsequent payments On account of the seve-
raj instruments when made. The scrip certificates
will be assgnabe by Endorsement and delivery and
will be delivered by the Treasurer of the United
States, or by the cashier of the Bank where the pay
ments shall have been made
On failure of payment of any instalment the next
preceding instalment 10 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 instruments and GER
tfcaes 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 on goods, wares and merchandise,
which may be imported into the United States-so
much thereof as shall be equal to the payment, from
time to time, of the interest and the ultimate redemp
ton of the principal of said stock being pledged and
expressly appropriated for these purposes by the
of the fifteenth of April aforesaid, and by the
act made applicable in the first instance, by the Sec
rotary of the Treasury to such payments and re-
demption
Secretary Of the Treasury.
I5sTo be published in the National Intelligencer,
Baltimore Sun, American Sentinel, New York Com
mercal Advertiser Boston Atlas, Portland Advert
ser, New Haven Palladium, Hartford Patriot and
Eagle, Norfolk Beacon, Southern Patriot.
April l9-tlMay