Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-09-24

IiStRnt payuasters stsll have rank and precedence
with assistant SUI geona not passed and that AZ app
ters shall be made by regular promotion from the
list Of assistant payniaaters-
Bee O. And be it further enacted, That within SIX
months afGr the expiration OF tho present insurrce
Hon the CORPS Of paymasteTs and assistant paymas
ten shall be reduced TO the number Of seVentynTe
"a A si4 vel. Ialv u. 1881
[PUuuS-Eo. 81
AN ACT TO authorize National Loan and for
= other purposes.
re- n enacted by the Senate and HOUSE Of Repre-
sentatiyes Of the United States OF America In Con
gre assembled, That the Secretary OF the Treasury
n and he Il hereby authorized to borrow, on the
credit Of tho United States, within twelve months
fFum the passage Of this act, = sum mot exceeding
tuo hundred and fifty millions Of dollars, or 90 much
thereof as he may deem Necessary for the public ser
vice, for which he Is authorized 70 Issue coupon
bonds registered bonds or Treasury notes such
proportions OF each ~ he may deem RdViHablej the
bonds 70 bear interest not exceeding seven per cent
per Annum, payable semiannually, irredeemable for
twenty years, and amer that period redeemable at
the pleasure Of the United StRtes and the Treasury
notes 70 be Of any denomination hxed by the secTe
tary Of the Treasury, not less than hy dollars and
n ne rats Of ssyen and threetenths per eentu per
annuni, paPAbie Setpi-annually. And the Secretary
Of the Treasury may also Issue In exchange for colin
aud a. part Of loan, or may pay for salaries
or other dues from the United States Treasury notes
Of lsss denomination than my dollars, not bearing
Interest, but payable demand BY the Assistant
reaSFerH on ths Unitcd States at Philadelphia New
York or Boston or Treasury notes bearing, interest
at tho rate Of three and si1tyhYe hundredtils per
cOntum, payable In year from date and eNrhang-
able at any time for Treasury notes for 1tty dollars
and upwards, tssuable under the authority Of this
act and bearing interest as specified above; PrGV-
ded, That no exchange Of such notes In any less
amount than one hundred dollars sllal DO male at
any one time; And provided further, That no
Treasury notes shAl lie issued Of less denomination
than ten dollars, and that tho whole amount OF
Treasury notes not bearing interest, Issued under the
authority Of this act shAll not exceed any millions
Sc. . Ard bs It further enacted, That the Urea
snry notes and bonds Issued under the provisions OF
this act shai be signed BY the First or Second Comp
roller, or the Register Of the Treasury and counter
aligned by such other officer OF officers Of the Treas
ury the Secretary Of the Treasury may designatei
aud all such obligations OF tho denomination OF MY
dollars aud upwards shall be Issued under the seal
OF the Treasury Department. The FesisieTs bonds
shall 10 transferable on the books Of the Treasury
on delivery Of the eerichte, and the coupon bonds
and Treasury notes shall he transferable on delivery
Tho interest coupons may DO signed by such person
ar pers6na or executed In such manner, rs may be
dezirnated by the Secretary Of the Treasury who
shall Hx the compensation for the same.
Sec. 3. And BIO 1t further enacted Ilat me secie,
tary OF the Treasury shall eanse books to be opened
fr subscription to the Treasury notes Tor my dol
lars and upwards, at such place = ~ may de1ignate
g.. ~ ~ NAV nrescribe, to Be euperihtRnded by
the assistnnt trSaiuroTs Of the Ontsa ~ the
aga and a Other other persons may
Designate notice thereof being given In AZ least two
daily papers of this city, aud In one OF more public
newspapers published In the seyeral places Whero
subscrintIon books may be Opened and subscriptions
for such notes may be received rom All persons who
may desire to subscribe any law to the contrary not
withdrawing; aud II larger amount shall be sub
srbed in the aggregate than 4 required ~ one time
eeive the same, should he deem II advantageous to
the public interest; and II not. hO shall accept the
amount required BY giving me PEetsISpSe 70 , me
Treasury shall NIX the eompen sltiOns OF tho publc
Officers or others designated for receiving said sub
scriptions: Provided, That, for performing this or
any other duty "a connection with this act, no COM
pensati0n for services rendered shau ba allowed or
paid to any public officer whose salary s established
make such other rnles ar equations as he may
deem eXpedlent touching thu instAlment TO be paid
on any subscription At the time OF subscribing, and
further payments by instalments or otherwise, and
penalties for nOn-paymept Of any instalment, and
Rlso concerning the receipt deposit and safe keep
ing Of money received from such subscriptions until
the same can be placed In the possession Of Official
depCsitoFes Of the Treasury any law or laws to the
contrary notwithstanding. And the Secretary Of
the Treasury Il also authorized, " he shall deem u
expedient, before opening books Of subscription as
above provided, to exchange for coin or Ray for
public dues or for Treasury notes Of the issue Of
tWenty-third Of December, eighteen hundred and
hfty-seTen, and falling due the thiTteth Of June,
eighteen hundred and sixty-one, or for Treasury
notes issued aud taken In exchange for such notes
any atnouat Of said Treasury notes for any dollars
or upwards not exceeding one hundred millions Of
dollars.
awarding any portion Of the loan In bonds author
lied by this act the Secretary Of the Treasury ~ he
no units stS,ss tbSIi I'M not less than fISeep
days public notice in two or more OF tho public
newspapers In the city Of WaAhingtou, and In such
other places Of the United States Hs 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 sO the pefiods for the payment
and the amount OF each inStAlment in which Il Is
to be paid and the penalty for the non-payulent Of
any such instruments, aud when end where such pro
PSS 1a y ~ ,hS IN ~ 2, se PeT
Of the Treasury e authorized to accept the most a.
TuTahl0 proposals. Oeered by responsible bidders
Provided That ocr shall 10 accepted At less than
Sec. s. And be Il further enacted, That the seeTo-
tary Of the Treasury may, u he deem Il Advisables
one hundred millions Of dollars, IN any foreign c1un-
try, and payable at any deHgnatet place either In
tered or coupon bonds fJr the amount thus negUtA-
ted agrceably to the provisions Of this act, bearing
interest payable semtannually, either In the United
States At any designated place In Europe; and he
Is further authorized to appoint such aguntOr agents
~ he may deem necessary tgr negotiating such loan
under his and for paying the interest
agent agents and shall prescribe to them all the
rules regulations, and modes under which such loan
Hiptl b hogptiated and ahau have power To ok the
nate q exchange Al which the principal shah be 70
eeTed IRON the eUltrRGVFs for the loan and the e1-
ehAnSe Tor the payment Of the PRINCIPAL and inter
Ost n EnTUpo Shati Be- ~ tlso same rate
Sec Q, And Be q further enacted, That whenever
any Treasury notes Of denomination len than my
dollars authorized % 10 Issued by this sAl have
been FedSSmoi, tho sSeTotaTy q the Treasury nay
roissne the sats q may cancel them and issue new
nCtpa to an equal amOunti Provided, That the az
grOGlte amount of bonds and Treasury notes Issued
under the fSgnlnS provisions Of this act shall never
O1eeod the tan amount authorised by the first eoo-
ton Of this eeti and the power 10 issue or reissue
such not San cease and determine after the thirty
hTst Of peeefnbsF, eighteen hundred and sixtytWo-
Sec I, And be Il further enacted, That the Sesre-
tAEy Of the Treasury e hereby authorised, whenever
he shan dem Il OxpSdent q i.sne % o1ehanEe for
COIN o. 10 pay0ent for public dues Treasury notes
Of any o. the Determinations herelnhOfuro specified,
beNrfaE interest not Exceeding slx par eohtum Per
anuur1, md payable AZ any time not e1eecdlng
twelve Cnthi ffoua dEts provided that the amount
o. notes % islutd o. paid EhAlt q no time Gxceod
Twenty uiilli6us q dnllaFs
&c, s. Ard q II hsfther enacted, ThRt TIE Seer6-
taFy q thu Trcasnty shan report 70 Cnnsrcss immo
diatUlY afer the commencement q TIE nGxt se1spu,
TIA amount be haT borrowed undlr The pruTtEions Of
this Get, o. whom and % What tOTa4 with an alb
gtflet 81 all de prc7osAS, designating thoso that
have been accepted AnA hes hat have bean bleet
No. 49, 9l1-.,6 ~ AZ s-sIl,- =