Iowa capitol reporter. [volume] (Iowa City, Iowa) 1841-1855, 1848-05-17
PROPOSALS. FoR "a LOAN,
TREASURY DEPARTMENT,

April II, Is4S.
g EALED proposals will be received under the
~ act Of 3lst March last, until 3, p. M, on Sa-
turday, the 18th Of June, l848, for sixteen mil
lions Of dollars United States stock, reimburse
BILE twenty years from and after the LIST day OF
July, 1a4s. bearing six per cent. interest per an
num-, payable semi-annually. on the first days Of
January and July Of each year. No bid will be
received below par nor viii any bid he consid-
cred unless one per cent. thereof is deposited in
some depository Of the United states at or be-
fore the date fixed for opening the proposals.
The bids, in all cases. must be unconditional and
without any reference TO the bids of others, and
should state distinctly the premium offered. The
proposals should be sealed. and endorsed d" Pro
posALs FOR LOAN OF 1S4S." and addressed to the
Secretary Of the Treasury. Washington City, u.
C. The sums which may be accepted will be
required to be Paid to the depositary of the Uni
ted States nearest the places Of residence of the
persons respectively whose offers may be sue
cessful but the amount Of the accepted bids from
bidders not residing in the United States, must be
deposited it'll the assistant treasurers at New
York, Boston, Philadelphia, or New Orleans.
To give an opportunity to all persons to parti-
cipate in the investment of funds in this stock,
bids will be received for the lowest denomination
of ertifcates authorized by law-being for fifty
dollars-as well as for higher sums.
All certificates under one thousand dollars will
he transferable on the books of the treasury |:
but all certificates for that snm and upwards will
be transferable on the books OF the treasury. or
by delivery with coupons attached, at the option
OF the bidder. To avoid expense, confusion, and
multiplication of accounts, all certificates with
coupons attached will be for the sum of one thou
sand dollars.
The successful bidders will be required to de-
posite the amount awarded in five equal install
Inents in each of the months of July, August,
September, October, and November of the pre-
sent year, except for sums not exceeding twenty
Thousand dollars, where the bidder NAV be desi-
rous of making immediate payment, in which
case the whole amount may be at once deposited.
The stock will bear interest in all cases from the
da of deposite.
The bids will be opened at the Treasury De-
partment at 8, p. m, on Saturday, the nth Of
June: lS4s, in the presence Of all persons who
may desire to attend but, under provision in
troduced into the act Of 3lst March last, no bid
der will be permitted to withdraw his bid. On
all bids not accepted, the amount deposited in ad-
vance will be Immediately returned. The whole
premium on the amount awarded must be depo-
sited part of the first payment required in July
next.
R. J. WALKER,
Secretary Of the Treasury.
Each Of the daily papers Of Boston, New York,
Philadelphia. Baltimore, Charleston, and New
Orleans, and in all other States, the papers Sc
lected to print the laws Of the United States, are
authorized to publish this advertise
April 10, i848.-n5.