Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-09-07

pointments to MI vacancies in the corps Of paymas
tiers shall be made by regular promotion from the
list Of assistant naynIasters.
Sec g And Is IL further enacted, That within six
months after the eKPirat Of the present insurTec-
tion the corps ~ paymasters and assistant pAymas
tiers shall be reduced TO the number OF seyeutynNe
/, Approved, JnIy Il, 1901.
I IpUpu5-So. 81
/ Az ACT to authorize a National Loan aud for
other purpose.
he Il enaeted by the Senate and House Of Repre-
SentadVes Of tile United states Of America In Con
gres assembled, That the Secretary Of tie Treasury
be and lac i hereby authorized u borrow, on the
credit Of the United States, within twelve mouths
fo;n tile rtssage Of this aet- snm not exceeding
tWOlIunre and nity millions % dollars or - much
thereof lac may deem necessary for the public ser
vice. for which he Is authorized TO issue coupon
bonds or registered bonds Treasury notes. in such
proportions OF each he may deem advisable; the
bonds to bear interest exceeding per cent
per annH, payable seni-annualiy, tFTedeemnble Tor
twenty year,, and AFTER that peTio.I redeenAbie at
the pleasure Of the United States: aud the Treasury
notes TO he If any denomination fixed by the StcTe
taFy Of the Treasury, not less than hfty dollars, and
to bc payable three years after date With interest
the rate UfseTen anil thTeo-tenths per centUm per
I aunun, parable semiannually- Aud the Secretary
u the Treasury may also in exchange for coin
and part Of the above ltn, may pay Tor salaries
other dues frOm the United StAte-, Treasury notes
6f less denomination than my dollars not bearing
: Interest, but payable demand by the Assistant
Treasurers Of The unitel States At Philadelphia, New
York or nuston Treasury notes bearing interest
al the rate Of three and sixty-hve huBdrelths per
eentunl, payable in year frUtn date. and eeliS
abe Mt any time for Treasury notes Tor nifty dollars
and upuai DE-. issiibe under the authority Of this
act, and bearing interest specified above: lTOyi-
del, That exchange OF such notes in any less
amount than hundred dollars shall be made ut
any one time: And provided further. Thai no
Treasury notes shall be Issued Of less denomination
than ten dollars, and that the whole amount Of
Treasury noes not bearing interest issued under the
authority Of this act shHll not exceed hity millions
Sec = And be IL further enacted That the Trea-
OF
this act shall be signed by the First second Comp
trOeT the LEICESTER Of the Treasury, and counter
signed by such other officer officers Of the TTeas
ury the Secretary Of the Treasury may designate;
and all such obligations of the denomination Of fity
dollars and upwards shall be Issued under the seal
of the Treasury Department. The registered bonds
shall lie transferable the books Of the Treasury
delivery Of the certificate, AMI the coupon bonds
and Treasury notes shall he transferable delivery
The Interest coupons may lie Siguel hy such Ierson
or persons, utCd In sucli may be
designated by tile Secretary Of the Treasury who
shall fix the compensation for the same.
Sec ,. And be it further enacted, That the SecTo
tAry OF the Treasury shall books to lie opened
FIR subscription TO the Treasury notes for my dol
lars aud upwards, at such places As d" may designate
In the Cuted States, and under such rules aud Te-
laiipns he may prescribe to be superintended by
tile assant tTeEureTs of the United States at their
respective localities and at other places by such de-
pJf0ries, posIniasters and other persons he may
desZnute nutice thereof being given In at least two
daily papers Of this city, and in one more public
newspapers published in the several places whore
subscription booksmay beOpened; and subscriptions
such notes received from Rlll
may desire subscribe any law to the cuntTary not
WithstandiBg; and IL larger amount shall be sub
scrtbE in the aggregate than is required al one time
the Secretary AZ the Treasury Is authorized TO re-
ceiye the same, should he deem IL advantageous 20
the public Interest; and n not. he shall accept the
amount required by giving the preference 10 the
smaller subscriptions; and tire Secretary Uf the
Treasury shall TX the cuuIen lions Of the public
officers oteTE designated for receiving said sub
script0ns: Provided, That, for performing this or
any other duty Ia cOnueLiOn with this act com
iensation for services rendered shall be allowed or
Iaid to any public Oieer whte salary il established
by law; ard the SECRETARY Of the Treasury may also
make such other rules and regulations as lac may
deem eXpedient touching the instaimcnt To be paid
ON amy subscription at the time 81 subscribing, and
further Payments 10y instalmtntS otherwise, and
penalties for non-IayIuent OF any instalfnent, and
also concerning the receipt, deposit, and safe keep
ing Of money received from such subscriptions uuil
the he placed in the possession of onelal
repositories Of tile Treasury, any law or laws 20 the
the Treasury Is also authorized, II he shall deem Il
&pedient, before OpeniDE books Of subscription a.
nbSte PfoNldeu, 20 eAehahge lot cum OF ~! l9E
public dues or for Treasury notes Of the issue Of
tWeHty-tlIiTd Of December, eighteen hundred aud
ftJseVcn and falling due on the thirtieth Of June,
e'Ehtern hundred aud sixty-One, OF for Treasury
notes issued and taken in exchange for such notes
any anlUu"t Of hNid Treasury notes for Any dollars
or upwards not exceeding one hundred millions Of
/ SEC. T. And bu 1t further enacted. That, before
awarding portion Of the lu.an in bonds author
iEed y this act thc Secretary Of the Treasury II he
deetnt advisable to issue proposals for the came IN
the Quilted States, shall give not less than fifteen
days public notice in two OF more Of the public
newspapers in the city Of Washington, and In such
other places u the unitsd States he may deem
advisable designating the amount Of such loan. the
piare aud the time M which sealed proposals will
he received for the same tile periods for the TaymeDt
and the amount Of each fnstalmRnt in which it is
to ipc paid and the penalty for the non-payment OF
any EHch instruments and when snd where such pro
poas shall Be opened in the presence Of snch per-
~ no may choose to attend; and the Secretary
Of the Treasury Is authorized to accept the most ~
yonible proposals offered by responsible bidders:
Provided, That offer shall be accepted at less than
Sec s. Aud be 1t further enacted, That the seore-
tNry Of the Treasury may, II he deem it advisable
negotiate any portion cf said Loan, not exceeding
hundred millions Of dollars in any foreign conn
try, and payable At any designated place, either in
the ueited States In Europe, and may Issue regis
terc OF coupon bonds for the amount thus nesOtia
interest payable senEannunlly, either in the United
States any designated place In Europe; and he
+ further authorized to appoint such agent or agents
rs he may deem necessary Tot negotiating sueh loan
under his Instructions and for paying the interest
on tho same. and To fix the compensation % such
agent OF agents and shall prescribe to them all the
rules rcgulations and modes under which such loan
shall be negotiated, and shall have power to tx the
nate of exehRnga At which the principal shall be re-
eeiVcd from the contractors for the loan and the
change for the payment Of the principal and inter.
est In Europe shalf be at the same nate,
Sec. 6. And be Il further enacted. That Whenever
any Treasury notes, Of denomination les than any
dollars authorized 70 lie Issued by this shall have
been redeemed, the Secretary Of the Treasury may
reissue the same, or may cancel them and issue new
notes to an equal amount; Provided, That the az
Frogate amount % bonds and Treasury notes Issued
under the fVrcgotuE provisions Of this act shall never
exceed the f1it amount authorized by the 6rst sec
tIUn Of this act; and the power 70 issue or reissue
such net 4shall cease and deterinS aEtrtha thirty
hrst Of December. eighteen hundred and sxty-tEu.
Sec = And Be Il further enacted. That The Secro-
tAry Of the Treasury Is hereby AuthnTiEc whenever
he shall deem Il expedeut, 20 issue In exchange for
coin, or Ia payment for public dues Treasury notes
ct Nng Of the determinations hereinbefcre specified,
bearing interest not exceeding six per esufum PeF
ennuni and payable At any time mot exceeding
twelve months from date provided that The nfilpf
Of uolss 80 issued OF paid shGl at no time exceed
twenty millions OF dollars.
Sec. 3. And b Il further enacted That tia Srers-
tafy Of the 1reaHury Ghali report 10 Congress amo
dtatelY Gter the eummVreGmenf Of the next session,
the amount he has boLruE ed under the provisions Of
this act, o. whom, and on what terms With IN nb.
stTaet q an the proposals, designating those thai
have been accepted Bld thea tht have been rgjeCt
have been iSsaed far the same.
Sea. Q. And Be u further enacted, That the fsith
q the DATED States b h1rOby solemnly piOdSed f5r
- = = L.. -