Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-12-09

tiers shall DO reduced to the number Of 'vVenty-h's
! In the whole
Approved July u, ls5l.
! tPuHuc-No, 81
AN ACT to authorize National Loan and fjr
| other puTposes.
| BE Il enacted by The Senate and House d Repre-
! aentAtiyes VI the United states " America In Con
gfes assembled That the Secretary Of the Treasury
| 6e and no Is hereby authorized 10 borrow, on tho
credit " the United slaic. within twelve months
! from the passage u this act, a sum not exceeding
lW0hubdIud aud Eity million, Of dollar, Ut 80 much
thereof a. he may deem necessary iUr the public SER
| vice, for which he IA authorized N Issue coupon
bonds ugslrIOdbgnds, or Treasury notes In such
proportions Of each A he may deem advisable; the
bonds 10 tear Interest not exceeding seven per cent
per aunum, payable semi annually, rredtemable ior
twenty years, and after that period rtdctnAblc vt
tho pleasure Of the United States; aud the Treasury
notes 10 be " any denomination fixed by the scoTe
lnfy Of the Treasury, not lees than my dollars, and
10 be payable three years after date, with interest
at the rate ofscycn and threcteuths per ccntnm pet
annum, papablc semLhnnually. Aud the Secretary
VI the Treasury may also Issue In exchange iOf COLT
and as part Of tcab0yo loan, may pay tor salar's
" other dues from the United States, Treasury notes
u less denomination than my dollars not bearing
| interest, but payable On demand by the Assistant
Tleasurers Of tho United States at philadelphia New
York VI Boston or Treasury notes bearing Interest
AZ the rate Of three and siAty'hYe hundredlls pei
contum payable In one year from date and eHchhnE'
able at any time for Treasury notes tot nily dollars
aud upwards, issuablc under the authority Of this
Act aud bearing interest a. specified above; PToNl'
dei, That no exchange II such notes In any lras
amuunt than Une hundred dollars shall De made at
! any one time. And provided further, That hu
Treasury notes shall Le issued Oi less denomination
than ten dollars, and that the whole amount NJ
Treasury notes not bearing interest Issued under Tire
authority of tl' aet shall not exceed my mlllio"
. NJ dollars
Sec, .. And be II further enacted, That tn TTeA.
sny notes aud bonds issued under the provisions Of
thi art shall be signed by the First or Second Comp
lrpcr or the Register " tie Treasury mud counter
signed BY such other o,er " officers OF the Treas
nry as the secretary u the Treasury mAy hesgnAiei
and all such obligations d tho denomination Of MY
dollars and upwards shall be Issued under the seal
Of the Treasury Department. The registered bonds
shall BE- transferable on the books u the Treasury
IN delivery Of the certificate and the coupon bonds
aud Treasury notes shall be transferable IN delivery,
The interest coupons may bo signed by such person
" persons or exc, urd IN such manner, ~ may be
designated by the Secretary Of the Treasury, who
shall hE the compensation for the same.
Gee. o, Aud he Il further enacted, That the Eecfe.
try " the Treasury shall cause books 10 lie opened
for subscTiptiun To the Treasury notes for my dol
lars and upwards Mt such places ~ In may designate
In the United States and under such rules md Tegt.
lntuns M he may prescribe, 10 he superlntcnned by
the assistant trcNHrer Of the United States at their
respective localities, and ut other places by such de-
nOHtiUfuH, uOatulhhtefht Otntl VeIAWUH
designate notice thereof being given In at least two
daily papers Of this city and In one or more public
newspapers published In the several places where
subscription boOksmAy bcopened AMI subscriptions
iUt such notes may he received from all persons VINO
may desire 10 subscribe any Law 10 the contrary not
wIthstandlng; aud ia larger amount shall be sub
scrlbCd IN the aggregate than Il required At one time
the Secretary Of tho Treasury IA authorized to ~
ctlyS the same should he deem II advantageous TO
the public Interest; and II not. 10 shall accept tile
tt 10 Ia
smaller subscriptions; and the Secretary Of the
Treasury shall tx the compen Ati0ne Of the public
officers or others designated Tor receiving said sub
scrlptions: Provided, That for performing this or
any other duty In connection with this act, no cont
pentiOu for services rendered shall be allowed NJ
paid TO any public officer whose salary Is established
by law; Rnd the Secretary c. 'ho Treasury may also
+ make such other rulcsar equations o. he may
deem eXpchient touching thu ln'tnlment 70 be pail
on any subscription at the time " subscribing, and
further payments by nstAlmtnts or otherwise, and
penalties for nonpayment Of any instAlmcnt, and
also concerning the receipt, deposit, and safe Keep
Ing Of money received from such subscriptions until
the can be placed In the possession Of Official
repositories " the Treasury, any law or laws to the
contrary notwithstanding, And the Secretary Of
tho Treasury also authorized, ifhc shall deem It
oXpedlent, before opening books Of subscription rs
above provided, to exchange for coin or pay for
public dues or for Treasury notes Of the iesuc Of
twenty.thiFi Of December, eighteen hundred anil
hily+ovtn and falling due on the thlrtieh Of June,
eighteen hundred aud dXty-onc, or for Treasuly
notes Issued and taken In exchange for such notes
any amount Of said Treasury notes for my dolaFs
or upwards not exceeding one hundred millions OF
dollars
Sec l. And be- II further enacted, That, before
awarding any portion Of the loan In bonds author.
lied by this act the Secretary Of the Treasury, II lie
deem II advisable TO issue proposals for the same IN
the Quilted States shall give not less than hhren
days public notice in two or more Of the public
newspapers In the city " Washington. and In such
other places Of the United States As ho may deem
advisable, designating the amount Of such loan tho
place aud the time M TO which sealed proposals. Will
lie received for the same the periods for the payment
and ths amount Of each instAlment in which It is
to BE- paid, aud tho penalty for the nonpayment Of
any such instalmontS and when and whore such pm
posals shall be opened In the presS9eS gt 9sh Ss
sSP tnS rs EE f9 sais Is to accept The mos. H.
vorAble proposals. ofsFsli BY responsible bidders :
Provided That offer shall be accepted At less than
par,
taIy Of the Treasury may, II he deem Il advisable
negotiate any portion OF said loan. not exceeding
one hundred millions Of dollars, In any foreign coun
try aud payable At any designated place, either In
tho Uulted States or In Europe and may sSue regis.
tered or coupon bonds for the amount thus nesotiN.
ted Agreeably to the provisions Of this act bearing
Interest payable s6mannuAily, either In the United
States or al any designated place In Rdropei and lie
Il further authorized 70 appoint such agentor agents
, ~ ne may deehl necessary uf negotiating AuCh lutn
tndef hil Instructions and fnr paying the interest
on the same, and to az the eonpensaiOn Of such
agent or agents. and shall prescribe to them all the
rules regulations, and modes under which such loan
shan he negotiated and shall have power to TX tie
rats NJ exchange al which the principal shall DO r.
ceived from the contractors for the loan ahd the eG
change for the payment q the principal and inter
| est IN Europe shall be al the sams tAtC.
Sec. Q. And be II further enacted. That whenever
any TrCAlury notes, Of denomination les than ifsY
dollars authotiEed 70 be NuSd BY this act shall hate
been redeemed the Secretary Of the Treasury may
teisne the sane, or may cancel them snd issue nuw
notes to an equal amount, Provided That the aR
Eregate amount Of bonds md Treasury notes issne
under the foregoing provisions d this act shall never
exceed tbs fuii Em1unt authorized By the hrSt ETC.
tlon Of this act and the power 70 igue OF foBno
such not shall esase and dgtaETlhS atsftbe thirty
, hTt Of DeeSmbef, eighteen hundred and ti1ty.t~c,
See T. And be it fdsther Enaeted, That the SectrA
tAty 81 the TVasaty q hereby Authorized, whenever
he shah deem II Uxpedlsnt . ltsue ln Exchange fct
coin Of In payment NJ public dues Treasury notes
d any Of tha denomluaslons hsfslnbtfcfe specified
aanuhi. and payable At any tins moi sIttedibs
twelve months from date ptoydei that the ahiU1us
Oi hQiea % itsued n pald thAI Al no tine Bates
twenty mliilsbsoi deiatA.
Ett, 8, AbdbO n furihtt enasttei Thlithe sette'
lAr3 u The ttpaEpFy shall report e Congress naie
dAstly MeF the nc.iftnselenl q We neat e!ssient
iha iBount Ne has t8EfoVta upatT the plQyisipsi n
tits an n R6om, AaA On Vhst terms 9Th N A.
slaei n IN me proposals., designating thQss that
have been aeotrte and .hcfe thai have been Felest
d, and the amount u bgnaa o. Treasury notes nat
have been lsSued n the nme
eee, .. And BE- Il further Enacted, fhal The hlth
the vnitei States e hSrsbl .9lanhly plsdEed ~
principal o. lhsloan suthohltd " thil vt.
eae, 10. Ard b n further enacted, That Al pro.