Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-08-12

dance with this section (but not otheTEisc shall Ia
entitled 10 receive the pay Of such grade whilst 20
Sc. 8 And be It further enacted, That each as
sist ymRsteT shall. upon hs appointment enter
into bonds In the q ten thousand dollars,
with at least two good and sufficient securities ior
the faithful performance OF his duties, and that as
sistant PayinaateFa shall nave iank ana
With assistant sa geons not p1s,e and that an AI'
pointnsuts 10 m vacancies in the corps Of Payinas-
tiers shall be made by regular promotion from tie
LIST Of = Esistant pTynastcTs-
SC. O. And bo il further enacted, That within six
months after the expirati Of the present nsurroc
ton the corps Of payuasteFs and ant pAynas
tiers shall be reduced ~ the number Of zeYeHty-iNc
Approved, July II, 1881.
[PuBuc-Nu. 81
AN ACT to authorize National Loan and for
other purposes.
BE II enacted by the Senate and House Of Repre-
sentative- Of the United states Of America in Con-
rFrs asssmb!ed That the Secretary OF the Treasury
be and he iShereby authorized TO borrow, on tho
credit Of the United States, within twelve months
frvrn tire passage OF this act, sum not exceeding
hundred and hfty nillions OF dollars, or SO much
thereof he may deem necessary for the public ser
vice, for which he Is authorized u issue coupon
bonds registered bond or Treasury notes in such
proportions OF each a. he may deem advtsabei the
bonds TO bear interest not exceeding seven per cent
per huuunI, payable semhnnualiy, iTredeemable iOr
twenty years. AID Eiter- THAI peTicd Reasonable at
Tie pleisure OF the United States: and the Treasury
notes be Of any denomination Fixed by the Score
tary OF the Treasury, not less than nifty dollars and
the Of seven and thTee-tcnts per centuut Per
annum, payable semi-annuAlly. And the Secretary
II the Treasury may also issue in exchange for coin
and part Of the above loan may pay Tor alaTits
other dues from the United StatGs Treasury notes
of less denomination than fifty dollars, not bearing
interest, but payable demand by the Assistant
TreasuIers Of the United States Ut Philadelphia New
YORK Bost0n, or Treasury notes bearing interest
at the rate Of three ard siNtytTe hundretiths per
ceutum payable in year from date. and eXchang-
able any time for Treasury notes Tor fifty dollars
and upwads, i.suaOie under the authority Of this
act, and bearing interest specified above: Proyi-
ded, Thai no exchange Of sneh notes in any less
amount than one hundred dollars shall DC made at
any one time: Aud provided further, That no
Treasury noteA shall be issued Of less denomination
than dollars. and that the whole amount uf
Treasury notes. not bearing interest issued under tie
authority Of this act, shall not exceed nifty millions
of dollars.
sec. , And be 1t further enacted, That the Trea-
sury notes and bonds issued under the provisions Of
this shall be signed by the First Second Comp
tTOiier the Register Of the Treasury and counter
signed by such other officer officers Of the Treas
uTy a. the Secretary oil the treasury may designate:
and MI such obligations Of the denomination % hIty
dollars and upwards shall DO issued under the seal
Of the Treasury Department. The registered bonds
shall 10 transferable the books of the Treasury
delivery Of the certificate, and the coupon bonds
and Treasury notes shall be transferable delivery
Tie Interest coupons may be signed by sueh pcrsOn
persons. or exc. utcd in such manner a. may be
designated by tile Secretary OF the Treasury, who
shall fix tho compensation for the same.
sec. .. And be IL further enacted, That the Secre
tlry Of the Treasury shall cause books to be opened
for subscription to the Treasury notes for fity dol
and such may designate
in the United states and under such rules and rcEu
lations he may prescribe 10 be superintenied hy
the assistant trrsuTers Of the United states 1t their
respective localities and at other places by such de-
pzitoriUs, pustmasteE and other persons he may
designate. notice thereof being given ia at least two
daily papers OF this city, and in or public
newspapers published ia the several places where
subscription boCksmay be opened; and subscriptions
for such notes may bc received from all persons who
may desire To subscribe. any law 10 the contrary not
wihstaudinE; and IL q larger amount shall 30 sub
seribed In the aggregate than reIuredat time
the Secretary uf tke Treasury l. authorized to re-
eeiyc the same, should he deem it advantageous 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 fix the corporations Of the public
officers others designated for receiving said sub
scriptions Provided That, FOR performing this or
any other dnty ia conuexion with this act.
pensntiOn for services rendered shall be allowed or
paid TO any public officer whose salary Is established
by law; aNd the Secretary oC the Treasury may also
make such other rules and regulations as lie may
deem eNpeliOnt touching the nstaiment to be paid
Any subscription at the time Of subscribing, and
further payments by insAnleIts OF otherwise and
penalties for non-payment Of any insthlment. and
also concerning the receipt, deposit, and sale keep
ing Of money received from such subscriptions until
the same can he placed In tho possession or Official
Repositories Of the Treasury any law laws to the
contrary notwithstanding. And the Secretary Of
exPedlent. before opening books ol subscription rs
above provided, to exchange for coin pay for
public dnes OF Tor Treasury notes Of the Issue OF
tWcnty-ihird OF December, eighteen hundreI and
hitysvyen, and falling dine the thirtieth Of June,
q ghteen hundred and sixty-one, or for Treasury
notcs Issued and taken In exchange for such notes
any Amnu~t Of said Treasury notes for my dollars
or upWNnis not exceeding one hundred millions of
sec. l. And be it further enacted. That, before
awarding any portion Of the loan in bonds author
iEe BY this act the Secretary Of the Treasury il he
deem advisable to issue proposals for the same in
the United States. shall give not less than hfeen
days' public notice in two more OF the public
newspapers ia the city OF Washington. aud IN such
other places OF the United States as he may deem
Ol loan.
place an, the time up to which sealed proposals will
be received tor ihc nlo the PeL0 is for the payment
and the amount Of each instalfnent in which Il is
to be paid and the penalty Tor the nou-payment Of
amy such instruments, and when and where such pro-
posals shall 10 opened in the presence Of such per-
sons as he may choose to attend; aud the Secretary
Of the Treasury is authorized Accsp: the mot IA
yor1bic proposals offered by responsible bidders
Provided, That ofeF shall be accepted at less than
sec. 3 And be It further enacted, That the secre
tary Of the Treasury may, II he deem II advisable
any portion OF said loan, not exceeding
one hundred millions Of dollars. in any foreign
Try, and payable at any designated place, either in
.uc ltel otatSs OF IN EutnPe, anu may issue regis
tereI or coupon bonds Tor the amount thus negotA-
ted aEreeabIy 10 the PROVISIONS OF this act bearing
Interest payable -einhahuuAy, either in the United
states O. nj any designated place In Europe: and he
Is further authorized TO appoint such agent agents
As he may deem necessary for negotiating such loan
under his Instructions aud fur paying the interest
on the same, and 10 h1 the eOmpensation Of such I
agent o. agents, aud shall prescribe them all the
rules regulations, and modes under which such loan
AAAll ue uQtqltlIel anu sNAll nave power TIE
rate Of eNehnngs Al which the principal shall be re-
eeved from she contractors for the loan. and the
change for the payment Of the principal and inter
est in Europe shan be A. the same rate.
sec. q. And be It further enacted, That Whenever
any Treasury na;eS Of denomination Len than fry
dollars authorized 10 lie issued by thl shall have
been IedeSmed, the Secretary OF the TreaSury may
reissue the same, or may cancel them and issue
notes to an equal amount: Provided. That the ag-
gresaic amount Of bonds and Treasury notes issued
under the forgr0ing provisions Of this shat
exceed tho tlll amount authorized by the hfst sec-
lion Of this aet and the power TO ssue or reissue
sueh note7 the eease and determine aer the thirty
uSt OF peeembcr. eighteen hundred and sixty-two.
sees Aud be Il further enacted That the Seere-
tAT OF the Treasury Is hereby authorized, whenever
te ah deem Il eXpcdient, n Issue in exchange Tor
eoin or IN payment tor public dueH Treasury notes
OF any OF the denominations hereinbeiore specified,
bearing interest not exceeding six per centum PEI
Ailnnni- and payable AZ any time not o1ceedins
twelve months nom date provided that tho anJunt
OF notes 20 issued or Iad shall At NJ time exceed
twenty millions OF dollars 49,
See 9. Aad be Il further enacted That the se.re-
tAry OF the Treasury shaIl rerort 20 C,fress isu,e