Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-12-11

until another paymAsteT or AHsi1tant paymaster
duties or paymaster assistant payasteE in aeeer
dance with this section (but not otherwise shall 10
entitled to receive the pay Of Aue grade whilst ."
Sec. s.. And DO 1t further enacted, That each as
sstant paymAster SHALL upon his appointment, enter
into bonds In the amount of ten thousand dollars
with At least two good and sufficient securities for
the faithful performance Of his duties and that as
sIstant paymasters shAll have rank and precedence
with assistant SUI gSohs not pAssed and that all ap
pointmgnts to NIL vacancies In the corps OF paynias-
ters shall be made by regular promotion from the
! list of assistant pAymAsterS
Sec q And DO II further enacted, That within elk
months after the expiration Of the present iusurrec
teFs shall be reduced to the number Of seyentyHve
Approved, July IL, 1861.
tPupuo2No. 81
AN ACT to authorize National Loan and fur
4 other purposes. s= Il
| BE 1t enacted by the Senate and House of Repre-
GentAliYeS Of the United States OF America In Con-
greS assembled That the Secretary OF the Treasury
be and he Is hereby authorized 20 borrow, on the
from tho passage OF this act, sum mot exceeding
two hundred and nifty millions OF dollars, much
thereof as he may deem necessary for the public SER
Il vice, for which he Is authorized to Issue coupon
bonds registered bonds Treasury notes, In such
proportions Of each a. he may deem advisable; the
bonds to bear interest not exceeding per cent.
per annum payable sent.aunuallys edeemable Tor
twenty years, and after that period Reasonable at
/ notes 10 be Of any denomination fixed by the Secre
tAry OF the Treasury, not less than fifty dollars and
to be payable three years after date, with interest
at the rata DrEeven and thGetenths per Centum per
annum, paFable semilnnually. And the Secretary
and part of the above loAn may pay for salarts
or other dues from the United States Treasury notes
OF lees denomination than MY dollars not bearing
Interest, but payable on demand by the Assistant
TreaSureFS Of the United States at New
York or Boston, Treasury nOtes bearing interest
at the rate Of three and sixty.hye hundredths per
centrum, payable in one year from date and exeh3ng-
able at any time for Treasury notes for hity dollars
and upwards, issuAble under the authority Of this
act, and bearing interest specified above: prSvL
died., That exchange Of such notes III any less
amount than one hundred dollarsisllAll be made at
any one time; And provided further, That no
Treasury notes shall be Issued of less denomination
than ten dollars, and that tho whole amount Of
Treasury notes not bearing Asued under tie
authority oftlis act shall not exceed nifty millions
Sec 2 And be Il further enacted, That the Trea-
sry notes aud bonds Issued under tic provisions Of
this act shall be signed by the First or Second colr
roller or the q the Treasury and counter
signed by such other officer or officers OF the Treas
uFy the Secretary Of the Treasury may designats;
and all such obligations OF denomination Of hty
dollars and upwards, Shnll be issued under the sel
OF the Treasury Department. The registered bonds
shall be transferable on tile books OF the Treasury
on delivery Of the certificate aud the eouPon bonds
and Treasury notes shall be transferable delivery
The interest coupons may be signed by such person
or persons, or exeutcd In such manner, as may be
designated by tho Secretary q the Treasury, WHO
ElAIl FIX the compensation for the same,
Sec. 8. And be e further enacted, That the secrc
tary Of the Treasury 6hal books to be opened
for subscription TO Tie Treasury notes for my dol
lars aud upwards, at such places rs lie may designate
In the United States and under such rules and Teen-
IatUns us he may prescribe, to be supsrintended by
the assistant treaSreTe of the United States ct their
respective localities and IT other places by such de-
esignate notice thereof being given In AtleAst two
daily papers of this city, and In one or more public
Il newspapers published In the several places wherc
subscription books may beopened; and subscriptions
for such notes may be received from all persons w'
may desire to subscribe any law to the contrary not
Withstandlng; aud II larger amount shall be sub
scribed IN the aggregate than required nj one time
the Secretary Of tho Treasury Is authorized to re-
eeive the same, should he deem 1t adEantageouato
the public interest; and Il not, no shall accept tile
amount required by giving the preference TO the
4 TTeasury shall tx the eomPeu tons Of the public
4 officers others designated for receiving said sub
scrptions: Provided, That, Tor performing thls or
any other duty In eonneXion with tlS act, eonI
ponsation for services rendered shall be allowed
paid to any public ocer whose salary is established
i naFe isnch other rules SrI equations IA he may
deem expedient touching thv instalment to be paid
on any subscription at the time Of subscribing, and
further payments by instalments or otherwise, anI
peuRlties for nOn-paylnent of 1ny instalment, anil
also concerning the receipt dePost, and safe keep
ing Of money received from such subscriptions until
i tue same can be placed In the possession OF official
repositories Of the Treasury any law laws to the
contrary notwithstanding. And the SecretaFy Of
the Treasury is also authorized, he shall deem It
expedIent, before opening books OF subscription as
public dues or for Treasury notes Of the issue Of
twenty third of December, eighteen hundred and
ftyseyen, and falling due on the thtrtteth OF Juno,
notes Issued and taken in exchange for such notes,
any amount Of said Treasury NOTES for my dollars
dollars. = -s' = IS
Sec. 4. And DO It further enacted, That, before
BY this se tie CT Sf the FTeS a
deem it advisable 70 issue proposals for the same iii
the Uuited States, shall give not less than fteen
days public notice In two or more Of the public
newspapers in the city OF Washington, aud in such
other places OF the United States as he may deem
advisable, designating the amount Of such loan the
place and the time up to which scaled proposals will
DO received for the same the the payment
10 be pSId md the psSsity For tise no5pagment Of
any such Instalmgnts and when Bnd whore such pro-
posala shall Be opened in the presence Of such per-
sons he may choose to attend; and the Secretary
Of the Treasury Is authorized to accept the most IA
yorabIe proposals offered by responsible bidderss
Provided That offer shall be accepted at les than
Sec s. And be IL further enacted, That the secrS-
tary Of the Treasury may, II he deem Il mfvsHblO,
4 negotiate any portion Of said loan, not exceeding
ono hundred millions Of dollars, In any foreign cou
try, and payable at any designated place either ~
the United States or In Europe and may Issue regs
tered or coupon bonds for the amount thus ueEutia
ted ,agreeablN TO the provisions Of this act bearing
States Of Il any esignated place In Europe; and lie
IL further authorized TO appont such agent agents
~ he may deem necessary for negotiating such loau
on the same, and TO az the compensation Of such
agent agents and shall prescribe to them all the
shal be negotiated, power to x tile
rate Of exchange Of which the principal shall DO ro
ceTed nom tho contractors 1oF tho Loan and the ok
ehAngo for the paymeheo the principal and intor-
7 est in Europe shall be at the same nate. 6s5l
q Sec g. Ard be Il further enacted. That Whenever
any TFoabury NOTES, OF denomination less than my
doIlars authorized 70 Be- iued by Ret Ghal have
: been rOdeemed the Secretary 9f the Treasury may
retnsue the came, may cancel them and Issue new
lnotes 70 an equal amounti Provided, That the az
grogatp amount Of bonds and Treasury notes ih4u6d
under the proTininnA Of this net ahAl neTot
G1eeed the full amount authorized by the first SEQ.
ton Of this artt and the power % Issue or reissue
such not 5slall cease and determine thirty
hrrt Of December, eighteen hundred and ExtyttED.
I, SEQ u And be Il further enacted That tho Secre-
tAEy Of the Treasury y hereby whenever
he shall deem It oxpedleht o Issue In exchange for
coin, or IN payment for public dues Treasury n0tea
OF any OF the dsnomnstiprs hpfUinhsfprv specified,