The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-04-23
TREAaRY DEPARTMENT

y
ID URSUANT TO two several acts of Congress-
i passed respectively the Dist of July, lS4l, and
the 18th of April 1912 and under the authority ofthe
President of the United States, contained in a COM
mission under his hands bearing even date herewith,
and directed TO the Secretary Of the Treasury,
NoTlcE is hereby given that proposals will be re-
cevea by the Secretary of the Treasury until the first
day Of May next from any person who may offer 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
be issued for the money loaned will be in not
less than five hundred dollars, and will bear an inte
rest of six per centum per annum, payable hall yearly
at the Treasury of the United States, at such of
its agencies 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 irst day of January eighteen hundred
and forty-three
The proposals must distinctly state the amount of
| money offered to be loaned and the sum that will be
paid for each hundred dollars ofstock
The amount loaned is to be paid into the Treasury
Of the United States, at Washington the Phlla-
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, 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 insalments, follows, VIZ:
One third on the fifteenth day of May next.
| One-third on the first dayiof 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 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 rate Of six per cent per annum to the
persons making the payments, and will ndorse there
on the subsequent pay men on account of the
| raj instalments when made. The scrip certificates
i'll 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 instament 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
tifcaes 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 on 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 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
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-
dempton.
W. FORWARD,
Secretary Of the Treasury.
nFTo be published in the National Intelligencer,
Baltimore Sum- American Sentinel, New York Com
mercal Advertiser, Boston Atlas, Portland Adyert-
SER New Haven Palladium, Hartford Patriot and
Eagle Norfolk Beacon Southern Patriot.
April l9-tlMay