Arkansas true Democrat., 1858-09-22
Number 50.

transportation of the mails from New fork to Liver pool and baek,n the of $l6,757 20, for five out ward trips from New York to Liverpool, to wit: on i4lh February and llth April 1857, and 18th Fe- ornafl 18th March and leth April, 1858, when the Copihs me jailed to perform service; and that the iuftiief sum of $35,GUo. much thereof may pc necessary be paid to the Post Office Department out o the appropriation aforesaid to enable the Post IsleF 1ehsrs 10 procure the transportation of the inaiis rom New York to Liverpool, and back on the sfth April, the Stn and 22d May and the 5th and 18th June, 1858 if the Collins line should fail to per- form service on those days
 5. That the following sums be. and the same are hereby, appropriated for the service of the PostOce Department for the year ending the 30th of June, lsos out of any money in the treasury arising from the revenues of said department in conformity to the act of 2d of July, lS86:
 For transportation of the mails from New York, by Southampton or Cowes to Havre, s2S0,ooo
 For transportation of the mails between Charles ton and Havana, $50 Q00.
 For transportation of the mails across the Isthmus of Panama StU0 ,0a0
 4. That it shall not be 5e lawful for the Post master General to make any steamship other new contract for carrying the mails the for longer pelod than two years nor for any other eompensa- toh than the sea and inland postages the mails so transported.
 5 f. That the Postmaster General be, and he is hereby, authorized, to cause the mails to be trans ported between the United States and any foreign port or ports, by steamship, allowing and paying therefoout any money in the treasury otherwise appropriated, if by an American vessel the sea and United States inland postage and if by foreign sci the sea postage only, on the mails coaveyed: Provided, That the preference shall always be given to an American over foreign steamship when de parting from the port for the same destination within three days of each other.
 APPROVED, June IA, 1858.
 AN ACT to authorize Loan not exceeding the Sum of Twenty Millions of Dollars.
 Be it enacted etc., That the President of the Unit ed states be, and hereby is, authorized, a any time Wl,hh twelve months rom the passage of this act to borrow on the credt of the United States, not exceeding S2o 900 00 or so much thereof Us n his opinion the eXgeuees of the public service may require; to be applied to the payment of approplit l. tions made by law in addition to the money received or which may be received, into the treasury from other sources: Provided, That stipulation or con tract shall be made to prevent the United States from reimbur ing any sum borrowed under the authority of this act at any time after the expiration of fifteen | years from the first dty of January next.
 ?. That stock shall be issued for the amount so borrowed bearing interest not exceeding five per turn per annum. payable semi annually, with cou- pons for the semi annual interest attached to tie ucates of stock thus created, and the Secretary of the Treasury he, and hereby is authorized, with the consent of the President to certificates of stock to be prepared which shall De signed by the Register! and scaled with the seal of the Treasury Department for the amount borrowed in favor of the parties lending the same or their assigns: Provided that no certificate shall be lss ed r less sum than $l Vep. 3. That, before awarding said loan. the Secretary of the Treasury shall be inserted in tive ot
 
 in one ormora public newspapers in otherc of the United States public uot that sealed proposals f. such loan will be received until certain day be specified in such no-e nUt less than thirty days from its first insertion in Washington newspaper: and { such notice shall state the amount of the loan Gt what periods the money shall be paid, if by install 1 mcnts and at what places. such sealed proposals shall be opened on he day appointed in the notice in the presence of such person, may choose ateni and the proposals decided by the Secretary of t.. Treasury who shall accept the ncst favorable Fr4- posals offered by responsible bidders for spid stock And tAesaid Seer ary shall report to Congress at the Commencement of the next session. the aihourt | of money borrowed under this act and of whour and on what terms, iJ shall Have been obtained, with au abstract pr brief statement of all the proposaS sub mited for thc same, distinguishing between those ac | cepted and those rejected, with detailed statement of the expense of making such loans: Provided That no stock shall be disposed of at less than its par value | $ f That the tAi5A ot the United States k hereby pledged for the due payment of the interest and the | redemption of the principal of said stock 5- That. to detTay the expense of engraving aud printing certificates of such stock and other expeu-as incident to the execution of this act the sum of S5 OJo is hereby apprapiiated Provided, That no com pensatan shall b5 allowed for any service performed under this act any officer whose salary is establish | ed by law.
 APPROVED, June fl, 1858. ..