Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-11-19

Idntle7 paymlEteE assistant
dance with this section but not otherwise shall be
entitled to receive the pay Of such grade whilst %
acting.
Gistant paymaster shall, upon his appointment enter
into bonds In the amount Of ten thousand dollars
with at least two good and suieient securities Tor
sletant paymaltefB shall have rank and Preeedeneo
with assistaat SIi geons nos PAssed and that IL AL 8
tiers shall be made by regular promotion from the
| list Of assistant payniastcFs.
Sec @. And be Il further enacted. Ihat Hi'ss.. -
tioa IN sss s r and assistant
IeFs shall be reduced TO the number Of seSentydye
Approved, July II, 1851.
is rPUHuc-No. 81
| AN ACT 10 authorize National Loan and for
/ : e1ai af"a other purposes.
| BE Il enacted by the Senate and House Of Repre-
sentatiyss Of the United States Of America in Con-
grea assembled, That the Secretary Of the
credit Of the United States within twelve months
from the passage Of this act, sum mot exceeding
thereof aS he may deem necessary for the public
vice, for which he Is authorized TO issue coupon
proportions Of each as he may deem advisable; the
bonds to bear interest not exceeding seven per cent
per annum, payable senllannually, rredeemAble for
twenty ye8Ts, and after that period Reasonable At
the pleasure OF the United states and the Treasury
notes to be Of any denomination fixed by the Secre
tary Of the TreasuTJ' mot ne than MY 13aEs, an
At tile rate OfseVen and threetenths per eentum per
| annum, payable SernEahnually: And the Secretary
or the Treasury also issue in exchange for COLT
and a. part the above loan, may pay for Eaafts
ar other dues from the United States Treasury notes
OF less denomination than fifty dollars, not bearing
interest, but payable on demand BY the Assistant
TreasuTers Of the United States ut Philadelphia New
York Boston, or Treasury notes bearing interest
at the rate Of three and siXty-hve hundredths per
eentunl, payable in year from date and exehanE
able any time for Treasury notes Tor fifty dollars
and upwards, issuable under the authority Of this
and hearing ilfBTpst Hpeci4ed above: Rrny1-
ded, That no exchange Of such notes in any less
amount than one hundred dollars shall be made at
any one time: And provided further, That no
Treasury notes shall lie issued Of less denomination
/ than ten dollars, and that the whole amount Of
Treasury notes. not bearing interest Issued under the
authority Of this act shall not exceed hfty millions
/ Of dollars.
snry notes and bonds Issued under the provisions of
this act shall BIO signed by tho First or Second Comp
trolleT, or the Eegister Of the TTer and counter
Eigned by such other oser or officers OF the Treas
ury a. the Secretary Of the Treasury may designate;
and all such obligations Of the denomination of fifty
dollars and upwards shall be issued under the seal
| or the Treasury Department. The registered bonds
blal 10 transferable on the books Of the Treasury
on delivery Of the certificate, and the coupon bonds
and Treasury notes shall be transferable ON delivery
The interest coupons may be signed by such person
or persons executed In such manner As may he
| Shall hx the compensation for the same.
Gee }. And DO Il further enacted, That the seere.
tary Of tho Treasury shall cause books to be opened
for subscription to the Treasury notes for my dol
lars and npWAFS at gueh places as he may designate
lnthe United States and under such rules and Fegli-
laiions he may prescribe, to be suPerintended by
respective localities, and at other places by such De
losltories postmaster and other persons a. he may
daily papers Of this city, and In one or more public
newspapers pnbllshed In the several places where
subscription bOoksmRy beOpenedi and subscriptions
for such notes may be received from all persons who
may desire subscribe any law to the contrary not
Withstanding; and II a larger amount shan DC snb
scTbed in the aggregate than Is required at one time
the Secretary Of the Treasury Is authorized to re-
ceiVe the same, should he deem 1t adynntageoust"
the public Interest; and II not, he sha accept tile
amount required by giving the preference to the
smaller SniscriptiOnsi and the Secretary Of the
Treasury shall M the eomPen sations Of the public
ofcers or others designated Tor receiving said sub
scdptions: Provided, That, for periorming this or
any other duty in connection with this act no conf
pensAtiOn for services rendered shall be allowed or
paid 70 any public officer whose salary Is established
by law; aud tile Secretary G he Treasury may alsO
mako such other rule az gast - ne n. my nm;
Lon any subscriptiOnat the time Of subscribing and
fuftheF payments by instalmtnts or otherwise and
leuhlties for nOn.pAymOnt Of any tnstalment, and
also concerning tho receipt, depott, and safe keep
ing OF money received from such subscriptions until
the same can be placed In the possession Of official
GnstoTies Of the Treasury, any law or laws to the
! contrary notwithstanding. And the Secretary. nf
the Treasury Is also authorized u he shall deem It
nxpedient, before opening books Of subscription
: above provided, to exchange for coin or pay for
public dues or for Treasury notes Of the Issue OF
tWenty-third Of December, eighteen hundred aud
dfty-seVen and falling due the thirtieth Of juno,
eighteen hundred and sixty-ope, or for TreasuTy
notes Issued and taken In exchange for such notes
any ambu"t OF said Treasury notes for my dollats
or upwards not exceeding one hundred millions OF
dollars.
! awarding any portion Of the Ian In bonds author
lied by this the Secretary 81 the Treasury IL he
eem Il advisable to issue proposals for the IN
the Uuitcd states, shall sivs not less than hfteen
days public notice In two q more OF the public
newspapers In the city Of Washington, and In such
other phees Of the United States as he may deem
advisable designating the amOunt Of such loan the
place aud the time mp to which sealed proposals will
be received for the same tbe periods Tor the payment
to be paid, and the penalty for the non-payment Of
Hny such instalmentS, andWhen and where such pro
pOsals shah b. opened IN the presence Of such per-
as he may ehOose to attends and the Secretary
Of the Treasury Is authorized % accept the most r.
Tora5Ie pESES:sis essEsd y rs.pon.ibIe bladsrs:
i par. ~ < = -
iseSgtiats any pdFtiot e i loan, DOT exceeding
one hundred millions q dollars in any foreign eou
try and payable at any designated place, either 81
the Uadtsd State or In Europe and may issue fSs
tered or eonpoh boads lJ the amount thus hegotiA-
interest payable semannuaiiy either In the UnIte
States a any designated place IN Europe; and he
further authorized to appoint such agent OF agents
Rs he may deem necessary for Negotiating such loan
under his Instructions and for paying the intsrest
on the Ha1ne, and to az the compensation Of such
agent or agents and shan prescribe TO them al the
rules regulations, and modes under which sneh loan
shan be negotiated, and shAn have power 70 hX tho
nate Of exchange Ut which the principal shall be ne
coiTed from Ire eoatraetor for the loan aud tht eT
change for the paynSnt Of the principal and inter-
i eat In Europe kian be At the same rate.
Sec. 6. And be Il further enacted, That whenever
any Treasury notes Of Denomination les than my
dollars authorized 70 b Issued by this act shAn have
boon redeemed, the SoeFptaEy % tho Treasury may
reissue the Eatne may cancel them and Issue new
/ notes to equal amOuntS Provided, That the aS,
grOEAte amount Of bonds aud Treasury notes lssuet
under the foTening provisions Of this oct shall never
OxeOed the fnn amount authorized by the dTBt SEC
ton Of this aett and the power to Issue or reissue
such not al cease and dotormins Eftor tho thirty
hfst Of DoeauabeF oiRhflen hundred and Al ~ I'm,
So. 7. And be u further enacted That the Eecre.
taEy Of the Treasury Is hereby authorised Whenever
he shah Dean &C expSdiont, % issue IN exchange for
e6lA, o. N payment IN plblc dn0s TruasuTT notes
Of any Of tho denominations hOruilhuore Spec3Hoa
bearing ihtafogt not breeding Elx p8r eonfum per
RhnH1n, and payable at any dime mt exceeding
twelve months non data provided that ths amount
o. notas 20 iaOa or paid shah IT no tina oxeeei
tGSnty nililc1s e doil2S.. ,.-..,s.