The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-05-03
TREADRY DEPARTMENT,
a 1911 10 lAAA

y
ID URSUANT to two several acts of Congress,
l. passed respectively the 2lst of July, IS4i, and
the 18th of April 1872 and under the authority ofthe
President of the United States, contained in a COM
mission under his hands bearing even date herewith
and directed 10 the Secretary OF the Treasury,
NoTIcE is hereby given that proposals will be re-
cevea by the Secretary of the Treasury until the first
day of May next ilom any person who may offer to
loan 10 the U nlled States the OF Three Million
Five Hundred Thousand Dollars, or any part there
Of not less than five thousand dollars. The stock
be issued for the money loaned will be in sums not
less than five hundred dollars, and will bear inte
rest of six per centum per annum payable hall yearly
at the Treasury of the United States at such of
its agencies as 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 FIRST 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 Phila-
delpha Bank the Bank of Commerce, or the
Bank of America, in New York; or the Merchants
Bank in Boston, the Bank of Virginia, at Rich
mond 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
quired in instruments as follows, viz
| One-thrd on the fifteenth day of May next
| Onethird on the first day of June 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 annum to the
persons making the payments and will indorse there
on the subsequent payments on account of the seve-
| raj instamcnts when made. The scrip certificates
will be assgnabe by Endorsement and delivery, and,
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 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 nstalments, and GER
tfcates 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 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 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-
dempton.
W. FORWARD,
! Secretary of the Treasury.
I5STo be published in the National Intelligencer,
Baltimore Sum- American Sentinel New York Com
mercal Advertiser, Boston Atlas, Portland Advert
SER New Haven Palladium, Hartford Patriot and
! Eagle Norfolk Beacon, Southern Patriot.
April 19-tlMay