The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-04-21
TREASURY DEPARTMENT,
April 10, 1912.

PURSUANT to two several acts of Congress,
passed respectively the 2lst Of July, lo4l, and
he 10th of April 1872 and under the authority ofthe
PRESIDENT oi The United States, contained in com
mission under his hands bearing date herewith,
and directed 10 the Secretary of the Treasury
NoTcE is hereby given that proposals will be re-
celvcd by the Secretary of the Treasury until the first
day OF May next llom any person who may offer TO
loan TO the U nled 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 sums not
less than five hundred dollars and will bear an ne-
rest of per cenum per annum payable half yearly
at the Treasury of the United States, or at such Of
its agencies shall be designated by the Secretary of
the Treasury and will be reimbursabIe at the plea
of the Government at any time after twenty
years from the rst day of January, eighteen hundred
and forty-three.
The proposals must distinctly state the amount of
money offered to be loaned and the that will be
paid for each hundred dollars of stock.
The amount loaned is TO be paid into the Treasury
of the United States, at Washington; or the Phia-
delpha Bank 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, S. c., special deposit TO the credit of
the Treasurer of the United States.
The amount which may be subscribed, will be re-
quired in instaments, follows,
Onethrd on the fifteenth day of May next.
One-third on the first 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 scrip certificates bearing
interest at the rate of six per cent per annum the
persons making the payments, and will indorse there
on the subsequent paymen on account of the seve-
raj nstalments when made The scrip certificates
will be assgnabe 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 instalment the next
preceding instament to be forfeited.
The whole amount subscribed by any party may
in anticipation of the required instruments, and
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 tme of the interest and the ultimate redemp
ton of the principal of said stock being pledged and
expressly appropriated for these purposes by the act
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.
I5-To be published in the National Intelligencer
Baltimore Sun, American Sentinel, New York Com
mercial Advertiser, Boston Atlas Portland Advert-
ser, New Haven Palladium, Hartford Patriot and
Eagle, Norfolk Beacon, Southern Patriot.
April 19-tlMay