Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-08-10


duties Of paymRster assistant paymaster In Aee9T-
dance with THIS seeuon TOUT not ,I'li Ue
entitled to receive the pay of such grade whilst 50
| Sec. s. And be It further enacted, That each
sist paymAster Ahal upon his appointment. enter
into bonds in tho amount Of ten thousand dollars,
with at least two good and sufficient securities, for
the faithful performance Of his duties. and that as
SIstRpt paymasters shnll have rank and precedence
with assistant surgeons not passed. and that all HP-
pointments to I'll vacancies in the corps Of paymas-
/ tiers shall be made by regular promotion from the
! List Of assistant paymaEteTB.
see g. And bs IL further enacted, That within six
months after the expirat Of the present iHsuec-
ton the corps Of paymRstera and assistant paymas
tiers shall be reduced TO the number OF seVenty-hTe
G tp July IL, 1851.
| rPUsuo-No. 81
AN ACT to authorize a National Loan and for
| other purposes.
| De Il enacted by the Senate and House Of Repre-
geptatives Of the United States OF America in Con-
grcs assembled That the Secretary Of the Treasury
be and he Is hereby authorized to borrow, on the
credit Of tho United States, within twelve months
/ from the passage OF this act, sum not exceeding
two hundred and fifty millions Of dollars, or so much
thereof he may deem necessary Tor the public ser
vice, for which he Is authorized To Issue coupon
bonds or registered bonds Treasury notes in such
proportions Of each Us he may deem advisable; the
bonds TO bear interest not exceeding per
per annum, payable semi-annunlly, iFredeemable Tor
twenty years, and after that period redeemRble at
the pleasure of the United States; and the Treasury
notes to be Of any denomination fixed by the Secre
tary OF the Treasury not less than fifty dollars, and
10 be payable three years after date with interest
at the rate ofseVen and threetenths per ceutum per
aunum, payable semiannually. Aud the Secretary
Of the Treasury may also issue in exchange for coin
and plrJ Of the above Loan may pay Tor salaries
CT other dues from the United States Treasury notes
OF less denomination than fly dollars not beariug
interest, but payable on demand by the Assistant
Treasurers Of the United States Mt Philadelphia New
York Boston, Treasury notes bearing interest
at tho rate Of three and sixty-hve hundredths per
centum, payable In one year from date and eSchnOE
abe at any time for Treasury notes nifty dollars
and upwards, issuRble under the authority of this
act, and bearing interest specified Rbove Provi-
del, That no exchange OF such notes in any less
amount than ono hundred dollars shall be maize at
any one time; Aud provided further, That no
Treasury notes shall he 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 fifty millions
Sec. ?. And be 1t further enacted, That the Trea-
suTy notes and bonds Issued under the provisions Of
this shall be signed by the First orSecond Comp
tToller the Register OF the Treasury. and counter
signed by such other officer officers Of the Treas
uTy the Secretary Of the Treasury may desiguate
and all such obligations, Of the denomination Of my
dollars and upwards shall be Issued under the seal
OF the Treasury Department. The registered bonds
shall Le transferable on the books of the Treasury
delivery OF the certificate and the coupon bonds
and Treasury nOtes shall be transferable delivery
The interest coupons may be signed by such person
or persons or executed in such manner, as may be
designated by the Secretary Of the Treasury, who
shall fix the compensation for the same.
sec. 3. And he IL further enacted, That the Secre
tRry Of the Treasury shall books to be opened
for subscription to the Treasury notes for fty dol
lars and upwards at such places as lie designate
in the United states, and under such rules and TeE
lAtiOn he may prescribe, to be suPerintended by
the assistant treasurers Of the United States ut their
respective localities, and at other places by such de-
postoTies, pOstmasters and other persons he may
desgnate notice thereof being given in nj least two
daily papers Of this city, and in more public
newspapers published in the several places where
subscription books may beopened; and subscriptions
for such notes may ho received from all persons who
may desire to subscribe any law the contrary not
Withstandng; aud ifa larger amount shall be sub.
eSTosd IN the thanis required at one time
the Secretary Of the Treasury is authorized to re-
ceiye the same should he deem It advantag eous to
the public interest; and II not. he shall accept the
amount required by giving the preference TO the
smaller subscriptions: and the Secretary OF the
Treasury shall hX the eonpensatiOna OF the public
officers or Others designated Tor receiving said sub
scription-; Provided, That, for performing this
any other duty In counexion with this act, COM
peusation for services rendered shall he allowed or
by law; a"d the secretary of the Treasury may also
make such other rules and regulations A. he may
deem eGpedlent touching the in'talment 70 be paid
on any subscription ut the time of subscribing, and
further payments 10y instalmCnts or otherwise, aud
penalties for non-payment Of any instalment, and
also concerning tho Teeeips deposit, and sale keep
ing of money received from such subscriptions, until
the same be placed in tue possession OF Official
repositories Of the Treasury any law or laws To tho
contrary Notwithstanding And the Srrretarv ~
tho Treasury l. also authorized fhe shall deem It
e1Pedient, before opening books OF subscription
above provided, TO exchange Tor coin or pay for
public dues for Treasury nOtes Of the Issue OF
tWenty-third OF December, eighteen hundred and
ana LAlling que the thtrtletl
eighteen hundred aud sixty-one, or for Treasury |
notes issued and taken In exchange for such notes
amount Of said Treasury notes for any dollars
or upwards not exceeding one hundred millions Of
doIlars.
Sec. !. And be 1t further enacted, That, before |
awarding any portion Of the loan In bonds author
lied by this act the Secretary or the Treasury II he
deem 1t advisable to issue proposals for the in
the United States, shall give not less than tieen
days public notice III two or more Of the public /
newspapers In the city Of Washington, and in such
other places OF the United States rs he may deem
advisable, designating the amount Of such loan the
place and the time up to which sealed proposals will
be received for the same, the periods TOrtho payment
and the amount OF each instAlment in which Il Is |
to be paid and the penalty for the noh-payment Of
Hny such instruments, andwhen snd where such pro- 1
Posaa shall be opened in the presence OF such per
sons as he may choose to attend: aud the Secretary
Of the Treasury Il authorized to accept the most IA
vorable proposals offered by responsible bidders:
Provided That offer shall be accepted at less than
heESUAIe my pUrTTUIT lrzrg-rr,yv-
one hundred millions OF dollars In any f,rain cD
ny anu ana payable at any designated place, either in
me United states or in Europe and may Issue regis
tered or coupon bonds for the amount thus negStN-
ted asreeahly TO the proviSionS Of this act bearing
nIeEest payable seLnEaunuay, either In the United
states or at any designated place In Europe: and he
- further authorized TO appoint such npent or ants
,, SS nay deem necessary Tor negotiating such loan
uneSr ms Instructions and for paying the interest
on the same, and to az the Compensation N arch
assnt o. agents and shah prescribe 70 them an the
rules regulations, and modes under which such loan
ehal be negotiated. aud shall have power 10 ny the
rate o. exchange at which the principal shall be re-
iEom me contractors for the Can and the ex-
81 IN Europe shall be at the sane rate
Sc O. And DO II further enacted. That wheusTer
my treasury notes Of denomination less than fty
dollars, authorized to 10 Issued by this act shall have
oeen redeemed, the Secretary OF the Treasury may
reissue the same. or may cancel them ana issue new
uotes 70 an equal amount: Provided. That the ar.
sIeSate amount OF bonds aud Treasury notes issueI
anaeE me oregoing provisions OF this act shall never
sAses9 ne IN amount authorized by the hrst sees
ton Of this act; and the power 10 isso or eissns
eea n9Ses shall cease and determine amer the thirty
nEst OF peeem Der, eighteen hundred and sixty.tVo
-. =; ana De It further enacted, That the socre
o. ~, t9e IE9aanry is hereby authorized whenever
ne anAI deem It eHpedient, 70 issue In exchange for
sym, or IN payment for public dues Treasury notes
y any Q! the denominations hersinbsfore s6ecihei
neaLins interest not exceeding six per eenfum per
annIgm, And payable at any time not exceeding
we've months from date, provided that the nrn5unf
Of notes 80 issued paid shall al no time eTessS
twenty millions Of dollars SSsSSsi |
sec > And be IL further enacted. That the SCEr,-
~ ~ O the treasury shall report to Congress mpe
liatey aifer the commencement OF the next seSsie5
me amount he hts b1rruued under the rro,,;sisS -