The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-04-19


and directed TO The Secretary of the Treasury.
NoTIcE is hereby given that proposals will be re-
cevrd by the Secretary of the Treasury until the first
day of May next nom any person who may offer 10
loan to the nited 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 inte
of six per centum per annum payable half 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 reimbursable at The plea
sure OF the Government any time after twenty
years from The rst day of January, eighteen hundred
and fort, 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 10 be paid INTO the Treasury
of the United States, at Washington or the Pnla-
deiphia Bank; or the Bank of Commerce. or he
Bank of America, in New York; or the Massachu-
seits Bank in Boston the Bank Of Virginia. at Rich
mond or the Southwestern Rail Road Bank, at
Charleston, S. c. special depo it to The credit of
the Treasurer of the United States.
The amount which may be subscribed, will be re-
quired in instruments, as follows, w:
One third on the fifteenth day of May next.
Onethrd on the fist day of June next
Onelhrd on the first day of July next.
But any person subscribing may pay any larger
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
menls shall be made and the Treasurer IF the United
States will respectively, issue certificates bearing
interest at the rate of six per cent per annum TO the
persons making the payments, and will lndorse there
on the subsequent payments on account OF the seve-
raj instruments when made. The scrip certificates
will be assignabe by Endorsement and delivery and on
the completion of the pay nents 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 lnstament 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
tifcates 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 ii e. 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-
dempton.
Secretary Of the Treasury
NTTo be published in the National Intellgencer,
Baltimore Sun, American Sentinel New York Com
mercal Advertiser, Boston Atlas, Portland Advertl-
SER New Haven Palladium, Hartford Patriot and
Ea ,le Norfolk Beacon, Southern Patriot
April 19-tlMay