Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-12-02

list Of assistant paymasteTs.
sec G. And he It further enacted, That within six
months After the expirAtn OF the present insuFree
tion the corps Of pay astefS and Nsststant
ters shall be reduced to the number OF seyenty-Te
- Approved siT S6s5 July l., 1851.
An ACT to authorize National Loan and for
other purposes.
Be 1t enacted by the Senate aud House Of Repre-
sentatives OF the United States Of America IN Con
Tess assembled That the Secretary OF tue Treasury
be and he IL hereby authorised to borrow, on the
credit of the United States, within twelve mouths
from the passage OF this act, sum NOT e1eeedlns
two hundred and tty millions Of dollars. or 50 much
thereof a. he may deem DrzrsE for the public ser
vice. far which he is authorized TO issue coupon
bonds Crregisered bonds, or Treasury notes ID snsh
proportions of each he may deem adyisahlei the
boas to bear interest not exceeding seIen er CENT
per apuum. payable seEnEanuually, Iredee mA6le Tor
twenty years, aud after that period reeena6ie at
the pleasure Of the United StaIes and the Treasury
uOtes be Of any denomination h&ed ~ Tire seeTt
taFy Of the Treasury not less than ntty dSlars anl
to be payable three years AFTER dale with lntetrst
al the rate u seven and thretenths per eeutum per
Annun.. raPable semi-annually. Aud the Secretary
Of the Treasury may also Issue in exchange for eoi
and As igTt OF the above Loan or may Ty Ter STARTS
or other dues The United States Treasury notes
less Denomination than my dollars not bearing
interest, but payable on demand by the Assistant
Treasurers Of the United States at New
York or Boston, Treasury uOtea bearing Interest
at the rate OF three and sixty-ave hundredths per
centnn, payable in year from date aud exehans'
able at any time for Treasury notes for nifty dollars
and upwards. issuable under tue authority o. this
act and bearing interest specified above: PrONi-
dsd, That no exchange of such notes III any les
amount than one hundred dollars shall be made Of
any one time: And provided further, Ihat no
Treasury notes shall lie Issued Of less denomination
than ten dollars, md that tie whole amount OF
Treasury notes rot 6earing Interest Issued under me
authority of this act shall not exceed my millions
Of dollars
sury notes and bonds issued under the provisions OF
this act shall be signed by the First or Second Comp
troleE the Register Of the Treasury, and counter
signed by such other otaeeE or oteers Of inc Treas
fy the Secretary Of the Treasury may designate;
and all such obligations OF the denomination OF hiF
dollars and upWardS shaIl be t0ued under the seal
OF the Treasury Department inc registered DOuds
shall be transferable the books Of the Treasury
on delivery of tho certificate, and the coupon bonds
and Treasury uotes shall be transferable delivery.
The Interest coupons may be signed by such person
or persons, executed in such manner, as may he
designated by tile Secretary Of the Treasury, Who
slInll fix the compensation for the same.
Sec 3. And be il further enacted, That tue Secfe-
tary Of the Treasury shall cause books to be opene,
for subscription the Treasury notes for my dol-
Lara and upwards, at such places she may designate
tn the United Stats, and under such rules and Fss-
Iati6us AZ he may prescribe 70 6s snpernenaed ny
respective localities Hnd ut other places by sueh dc
posltores posl mRsteTs and other PeTsona az he may
degnHte notiee thereof being given IN at least Two
daily papers this city, and in one or more public
newspapers pIJl!shed IN the several places where
subscription bt.LLSC9Ay beOpcned; and subscriptions
for 5nc notes may he received from ali persons villa
may desire to suhrlOe any law TO hecontfary mol
withdrawing; and ia larger amount snai Nc sS
the Secretary Of the 1EsasuFy IL nulnOflAeu 10 10
celye the same, EhOuld he deem 1t advantageous To
the public Interest; and II not, lie shall accept tile
/ amount required by giving the preference TO the
smaller subscriptions; and the Secretary OF the
Treasury shall fiT the eompen.ati9ns OF Tue Poble
scrptions: Provided, That, for pertorming this or
any other duty In connection with this ACT no com
pensatIon for services rendered Ahall De allowed or
paid to any public OCer whose SALARY is established
BY law; aud the SECRETARY he Treasury may also
j make such other rules ar equations as he may
deem expedIent touching tho instameut TO be paid
on any subscription at the time Of subscribing nnd
further Iayneuts by instalmtns or otherwise, AMI
| neuAItIeH for non-paymeut Of any instRmont, anti
also concerning the receipt, deposit, and sae keep
Ing Of money received from such subscriptions until
the same can be placed In the possession OF official
depostOTies Of the Treasury any law or laws to tho
| contrary Notwithstanding, And the Secretary Of
the Treasury s also anthortLeG u he ,hni Ieein II
| above provided, to exchange for coin or pHy fnr
public dues or for Treasury notes q the issue 81
| tWenty-thri Of December, eighteen hundred AMI
ffty-sGVen and falling due the thirieth of June,
| eighteen hundred and aixty-One, or for Treasury
notes Issued and taken exchange for such notes,
any aInou"t OF said Treasury notes for my dollaIs
upwards not exceeding one Hundred millions Of
dollars.
awarding any portion Of the loan In bonds author
lied by this art the Secretary OF the Treasury II lie
the Quilted States, shaiI give not less than tiNeeu
days public notice in two or more Of the public
newspapers in the city Of Warrington, and in sucl
other places OF the United States as he may deem
advisable, designating tue amount Of such loan the
place and the time up TO which sealed proposals W
he received for the same the periods for the payment
and the amount Of each iDstalment in which it Is
to DO paid, and the penalty for the non-payment OF
any such instruments, and when and where such pro-
posals Eha be opened IN the prcsence Of such per-
sons as he may choose to attend; and the Secretary
Of the Treasury Is authorized 10 accept the ino.t Ia
| VoFable proposals offered by responsible bidders
Provided That offer shall be accepted at less than
par
tary OF the Treasury may, II he deem 1t advisable,
negotiate any portion OF said loan, not exceeding
one hundred millions Of dollars In any foreign coun
1 Try, and payable a any designated place either ~
the U,ited gtAtea In Europe, and may isEue res-
tered or coupon bonds for the amount thus neGo4N-
ted agreeably the provisions Of this act, bearing
interest payable semLannuaiiy either in the United
States or at any designated place In Europe; and liv
IS further authorized to appoint sheh aentOr agents
under his Instructions, and for paying the interest
on the same, and to fix tho compensation Of sucli
agent agents. and shall prescribe TO them all the
rules regulations and modes under which such Loaf
shall be negotiated and shall have power to TX tho
rate Of exchange At which the principal Ehal be ~
change FOR the payment Of tie principal and inter.
est In Europe shall be at the same rats.
Sec, Q. And be II further enacted. That whenever
any Treasury notes, Of denomination less than NIFTY
dOArS authorized to be Issued by this act shall have
been redeemed. the Secretary d the Treasury may
notes to an equal amount Provided, That tho Hg.
gregnte amount Of bonds and Treasury notes iasuei
under the foregoing provisions Of this act shall neVor
C1ceed the fill amount authorized BY the hrst CSC
ton Of this act and the power to Issue Or reta5uu
Boeh cease
hrst Of December, Eighteen hundred and sixty-tWo.
Fec Z. And be IL further enacted, That tho eecrr-
tAFy Of the Treasury Il hereby authorized, whenever
he shall deem II eIpediGnt, 70 Issue IN exchange ot
coin, or In psymsnt for publl3 dues Treasury notes
Of any Of the denominations hVrelnbetore speeihUl,
bearing interest not exceeding elk per e0ntum per
i annutn, and payable ~ any time not exceeding
twelve mouths from date, provided that the amount
Of notes 30 issue1 or paid shall q no time 0Sceel
Il twenty millions OF dollars
SEC 8. And bp Il further enacted, That the SierO>
4AtS o. the ErsssafS shall report to ceaBfes, nle
dlatSlS AFTER tho commit Of The neat session,
the Sho6nt he hes borrowed undpr the provisions Ut
this Ast Of whom, ADD 90 RhAt terms, With eu Alb.
gtTAst 6t A ths pfpPoesls, dsliEnetiDB thoee that
81, and the amount Of heuds or Treasury pUtea that
/ have teeu ihgdOd i6r the sane
Sec Q. And be Il further EpAetpd, That ths faith
Of The unitAd AtAtea q hhfeby aalehly pladEad for