The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-04-30


PURSUANT to two several acts of Congress,
i passed respectively the Dist of July lS4l and
the 18th of April 1912, and under the authority ofhe
President of the United States, contained in com
mission under his hands bearing even date herewith,
and directed TO the Secretary Of the Treasury,
NoTIcE is hereby given that proposals Will be re-
cevcd by the Secretary of the Treasury until the first
day of May next flom any person who may oner TO
loan to the United States the sum OF Three Mllioh
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 nte-
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 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 that will be
paid for each hundred dollars ofsock
The amount loaned is to be paid into the Treasury
of the United States, at Washington or the Pha-
delphia 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, at
Charleston S. Co. special deposit the credit of
the Treasurer of the United States
The amount which may be subscribed, will be re-
quired in instruments as follows, VIZ
Onethrd 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
the subsequent payments on account of the seve-
| raj instaments when made. The scrip certificates
will be assgnable 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 offer,
in anticipation of the required instalments, 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, 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 act
of the fifteenth of April aforesaid, and by the same
act 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.
| IPTo 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-t1May