The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-05-07
Treasury DEPARTMENT,

ID URSUANT to two several acts of Congress,
/ passed respectively the 2lst of July, 1871, and
the 18th of April 1912 and under the authority otthe
President of the United States, contained IN com
mission under Lis bands bearing even date herewith,
and directed to the Secretary of the Treasury,
NorcE is hereby given that proposals wlll be re-
cevra by the Secretary of the Treasury until the first
day of May next fiomany person who may oiier 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 10
be issued for the money loaned will be IN sums not
less than five hundred dollars and will bear an int.
rest Of six per centum per annum, payable hall yearly
at the Treasury of the United States, or AT such OF
its agencies as shall be designated by the Secretary OF
the Treasury; and will be rembursabe 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 mus, distinctly state the amount of
money offered to be loaned and the sum that will be
paid fol each hundred dollars ofstock.
/ The amount loaned is 10 be paid INTO the Treasury
Of the United States, at Washington; or the Phila-
delphia Bank or 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 Co. special deposit TO the credit of
the Treasurer Of the United States
The amount which may be subscribed, will be re-
q't neihId on the ffice lHl0 JAY Of May next
One third on the fist day of June next
One third on the hrSt day oil July next
| But any person subscribing may pay any larger
amount at his option
The Department reserves the right of accepting
! such proposals only as 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 of six per cent per annum, TO the
persons making the payments and will ndorse there
on the subsequent payments on account 81 me seve-
| raj instalments when made. The scrip certificates
will be assignable by Endorsement and delivery and on
! 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 offer
in anticipation of the required instruments, and GER
thcaes 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
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 act
of the fifteenth of April aforesaid, and by the same
act made applicable in the frs. instance, by the Seq
rotary of the Treasury, TO such payments and re-
demption.
w. FORWARD,
Secretary Of The Treasury
| Iz=To be published in the National ntelllgcncer,
Baltimore Sun American Sentinel, New York Com
mercal Advertiser Boston Atlas, Portland Advert
ser New Haven Paadium Hartford Patriot and