The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-04-19

NorcE is hereby given that proposals will be re
ceivrd by The Secretary OF the Treasury until the first
day of May next nom any person who may offer to
loan to the United States the of Three Million
FIVE Hundred Ihou-an Dollars, or any part there
of less than five thousand dollars The stock tc
be issued for the money loaned will be in SUNS mo-
less than five hundred dollars and will bear int
OF six per centum per annum payable halt yearly
At the Treasury of the Uned States, or al such o
its agencies shall be designated by the Secretary
| the Treasury; and will be relmbur>able at he plea
sure OF the Government at any time after twenty
years from the irs day of January, eighteen hundred
and fort, three.
The proposals must distinctly state the amount o
money offered be loaned, and The sum that will be
paid loi each hundred dollars otsluck.
The amount loaned Is 10 be paid INTO the Treasury
of the United States, at Washington or the Pna-
deipha Bank or the Bank of Commerce, or he
srlts Bank in Boston; the Bank of Virginia, Rich
mond; or the Southwestern Rail Road Bank, al
Charleston 5. c., special depo TO The credit OF
the Treasurer of the United States
The amount which may be subscribed will be re.
quired IN instaments, as follows, w:
One third on The fifteenth day of May next.
One-third on the first day of June next.
One. third on the first day of July neGt.
But any person subscribing may pay any larger
amount at his Opt n.
The Department reserves the right of accepting
such proposals only as shall be deemed advanag eous
to The Government.
The cashiers of the several Banks, where the pay
shall be made and the Treasurer If the United
States WILL respectively issue SCRIP certificates bearing
interest at the of six pet cent per annum to te
persons making the payments, and will indorse there
on the subsequent paymens on account of the seve-
raj instruments when made, The scrip certificates
will be assgnabe by Endorsement and delivery, and, on
the completion of tue 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 b, en- made
On failure Of payment of any instalment the next
preceding instalment TO be forfeited. M
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
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 on goods and merchandise,
which may be imported into the United Staes-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.
W. FORWARD,