The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-04-28
Treasury DEPARTMENT,
Anrtil ~ lS42

ID URSUANT to two several acts OF Congress
Il PASSED respectively the 2lst OF July, 1911, ana
the 5th Of April 1872 and under the authority of'he
President of the United States, contained IN 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-
ceivea by the Secretary of the Treasury until the first
day of May next fIom any person who may offer TO
loan to the nted States the sum Of Three Million
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 an lne
rest of per cenum per annum payable haif yearly
at the Treasury of the United States, or at such OF
ito 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 SUN that Will De
paid for each hundred dollars ofsock
The amount loaned is TO be paid into the Treasury
Of the United States, at w ashington or the Phlla-
deipha 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-
qured in instruments, as follows, W.
One third on the fifteenth day of May next.
Onethrd on the fist 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 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 scp certificates bearing
interest at the rate of six per cent per annum TO tAe
persons making the payments and will Indorse there
tbau Off he
| raj instalments when made. The scrip certificates
will be assgnable 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 lnstalment the nex'
| preceding nstalment 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
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-se
much thereof as shall be equal to the payment from
time to tme of the interest and the ultimate redemp
ton of the principal of said stock being pledged and
expressly appropriated for these purposes by the ac
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.
| Secretary Of the Treasury
| IPTo be published in the National Intelhgencer
Baltimore Sun, American Sentinel, New York Com
mercial Advertiser Boston Atlas, Portland Advert
ser, New Haven Palladium, Hartford Patriot ant
Eagle, Norfolk Beacon, Southern Patriot.
April l9-tlMay