The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-04-23
TREAARY DEPARTMENT,


d URSUANT to two several acts of Congress,
i passed respectively the Dist of JULY l64l, and
the 9Th of April l842 and under the authority ofthe
President of the United States contained in COM
mission under his hands bearing even date herewith
| and directed 10 the Secretary OF the Treasury,
NorIcE is hereby given that proposals will be re-
cevea by the Secretary of the Treasury until the first
day of May next flom any person who may offer to
loan to the ned States the sum of Three Million
Five Hundred Thousand Dollars, any part there
Of not less than five thousand dollars The stock 10
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 halt yearly
at the Treasury of the United States, at such Of
its agencies as shall be designated by the Secretary
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 ofstOck.
The amount loaned is TO be paid into the Treasury
| Of the United States at w ashngton the Phia-
| dephia 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; or the Southwestern Rail Road Bank, al
| Charleston S. c.. as special deposit the credit o.
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 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
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
persons making the payments and will indorse there
|
raj instalmcnts when made. The scrip certificates
will be assignable by Endorsement and delivery and
the completion of the payments, certificates of stock
| 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 TO be forfeited.
The whole amount subscribed by any party may
be paid at any time after the acceptance of his oer
in anticipation of the required nstalments, and
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 tine, 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
made applicable in the first instance by the Sec
rotary of the Treasury, to such payments and re-
demption.
w. FORWARD,
Secretary Of the Treasury.
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