Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-10-05

fers shall be made by regular promotion from the
~ 4 And bS Il further enacted That within six
months amer the expiration OF the present inSuTrec-
ton the corps q paymaAters and assistant payEas
approves, July IL, lssl.
CPUBuS-No. 81
AN ACT 70 authorize q National Loan and for
other purposes.
Be Il enacted by the Senate and House Of Repre-
sentatiVes Of the United States Of America In Con
ETess assembled, That the Secretary Of the Treasury
be and he "a hereby authorized to borrow, on the
credit Of the United States, within twelve months
fron Tie pasIlEo Of this act, \ sum not exceeding
bnpdFed nd fity millions Of doIIaTS or % much
thereof he may deem neeesry for the public SER
Vice for which he Il authorized to issue coupon
bonds or bonds Treasury notes, In such
propositions OF each a he may deem advisable; the
bonds bear Interest not exceeding seven per cent
per annum payable semi-annnAlly, irFedeemAblo for
twenty years, and after that period redeeEable at
the pleasure Of the United States; and the Treasury
notes to be Of any denomination fixed by the Secre-
Etary Of the Treasury, less than ty dollars and
be payable three years after date, with interest
At tho rate 0fseyeu and treetenths per centum per
/ anuum, parable semEannually. And the Secretary
AMI part of the above Loan may pay Tor salaries
CT other dues from the United States Treasury notes
Of less denomination than lfty dollars not bearing
interest, but payable on demand BY the Assistant
TTetsurOrs OF the United States at Philadelphia, New
York or Boston or Treasury notes 6earing Interest
at the rate Of three and si1ty-iye hundredths per
eentn payable In one year from date, and eXchang-
able any time for Treasury notes for hity dollars
aud upwards, tSsuable under the authority Of this
aet aud bearing intereEt as specified above: ProVl-
Dell That exchange Of such notes In any less
amount than one hundred dollars shall be made at
any one time: And provided further, That no
Treasury notes shall he Issued Of less denomination
than ten dollars, and that tho whole amount OF
Treasury notes not bearing interest Issued under tho
authority Of this act hhal not exceed my millions
Of dollars.
Sec. 2 And b it further enacted That the Trca;
Bnry notes and bonds issued under the Proviions Of
this act shall be signed by the First Second Comp
roller the Register Of the TreasnTy, and counter
signed by such other oioer officers Of the Treas
nFy rs the Secretary OF the Treasury may designate;
aud all such obligations, Of the denomination Of nifty
dollars and upwards shall be Issued under the seal
| Of the Treasury Department. The registered bonds
shall 10 transferable the looks Of the Treasury
delivery OF tho certificate and the coupon bonds
The Interest coupons may be signed by such person
or persons or executed IN such manner, Rs may be
Designated by the Secretary Of the Treasury, who
| shall fix the compensation for the sane.
Sec o. And be II further ehAeted, That the Secre-
tary or the Treasury shall eause books to be opened
! Gr subscription 70 The Treasury notes for my dol
and upwards at such places rs he may deaignAte
tho United States, and under such rules nndregu
atiOns as he may prescribe, to DO suPerintended by
spectlVe localities and ut other places by such de
stOFies, postmAsteFH, and other persons as lie may
designate, notice thereof being given In at least two
iatly papers OF this city and In one or more public
newspapers publlshed In the several places where
Inscription books may beepened; and subscriptions
n such notes may DO received from all persons who
my desire to subscribe any law 70 the contrary not
dtlltandingi and IL larger amount shall be sub
erbed In the aggregate tanis required at time,
he Secretary Of the Treasury Is authorized to re-
elye the same, should he deem u advantageous to
he public interest; end II not, be shall accept the
mount required by giving the preference to the
mailer subscriptions; aud the Secretary Of the
Eeasury shall hx the eompensation9 OF the public
lieeFa others designated for receiving said sub
Tiptions: Provided, That, for performing this or
ny other duty in connection with this act, NO COM
onsation for seITiees rendered shall be allowed OF
aid TO any public Oeer whose salary Is established
lake such other rules an equations rs no may
eem ezPedient touching th9 instalment to be paid
lrther payments by instalments or otherwise, and
Qualities for non-payment Of any instalment, and
concerning the receipt, deposit, and safe keep
,tg Of money received from such subscriptions until
lIe same DO placed In the possession OF ofeial
positorios Of the Treasury, any Law or laws to the
10 Treasury e also authorized, ifhe shall deem it
Cpedient, before opening books Of subscription a.
1ovo provided, to exchange for coin or pay for
ublio dues or for Treasury NOTES Of the Issue Of
l. Eenty.third OF December, eighteen hundred and
nyseyeu, and falling due on the thirtIeth Of June,
ghteeh hundred aud slxty-one, or for Treasury
ites issued and taken In exchange for such notes,
" amourt Of mid Treasury NOTES for hfty dollars
i upwards not exceeding one hundred millions Of
Sec I. Aud be It further enacted, That, beforo
iEarding any portion Of the loan In bonds nutlior-
ed by this ac the Secretary Of the Treasury, II he
Il advisable to Issue proposals for the same In
tie Quilted States, shall give not less than itcon
e ys' public notice IN two or more Of the public
l'WsTapoEs In tho city Of Washington, aud In such
her places Of the United States Is no may deem
rIsable, designating The amount Of such loan the
and the time mp TO which sealed proposals viii
received for the uamc the periods for the payment
"a the amount Of each in5talmeut In which It Is
I be paid, and the penalty for the non-payment OF
t.,y such instAlment6 and when and where such pro
sails .hall Be opened IN The presence q speh per
the Treasury i authorized to accept the most IA
) rablo proposals. offered by responsible bidders:
divided, That oifer Shall b aeeoptedas les than
Sec s. And DO It further enacted, That tho secro-
I ~ Of the Treasury may, n be deem q advisable,
IL gotiate any portion OF aid loan, not exceeding
1 hundred millions o. dollars, In any foreign cOuna
=, and payable At any delegated place, either In
9ited STAT &C 70 kp!Spe and nay iGe regis
/ aSreeably to the provisions OF this act, bearing
serest payable semEannaalIy, either In the United
ltes or NJ any designated place In EuTUPei and he
further authorized to appoint such agpnt0r agents
he may deem necessary FOR negotiating such loan
der hi. distractions and Tor paying The interest
emit or agents and shan prescribe to them all the
7 les regulations and modes under which such loan
. Of exchange at which the rrlncipal shall be
vcd from the contractors FOE the loan, and the
'Ange fOr the payment Of the principal and inter
= In Europe shall be at tho saHlo nate.
Sc. Q. And be Il further enacted. That whenever
a. TrraSuLy notes Of denomination less than my
l en- redeemed, the SeerutAEy Of the Treasury may
ssue the same, or may cancel them and issue neE
n teato m equal amount: Provided, That the Ag-
sAis amount o. bonds and Treasury notes Issued
y der the foregoing prOTinns OF this act alu
seed the full amount authorized BY the INIT eco
liz Of this aeti and the power 70 Issue or neluue
II ot sJehAM eeaso aud Determine amer the thirty.
g. q Of December, eighteen hundred and Elxty.tWO
SEC. Z. And be t further enacted, That the Secre-
y ofthe Treasury q hGreby authorized, whenever
b chan deem u eNpoient, % issue In exchange for
c n, or IN payment Cor public dues, Treasury notes
o any o. the determinations hgreln6Gf0Fo Epecthei
b lring interest not exceeding aix per eentun per
4 a aum, and payable AZ any time not exceoding
I, Slv0 monthS fEnm date provided that the amount
o. note 20 Issued or paid RhAn - no time exeeed
| q onty milli1ua o. dollaFa
5oe. s. And b q further enacted, That the SOcrO-
/ cay q the Treasury ShhH FepoFt y cOngroE imme
d tulY amer The commencement o. tia next uesEion
a. amount he has borrowed under TIE provisions Of
u, act, Of whom, and On what terms, with an alb
= Aet q Al the proposals., designating tho9o that
- been accepted and thoso that have been reioCt
g and TIE amount o. bonds or Treasury notes that
/ h. ~ been issued for the samo.
a. ~ nieS5 49,. !. 49,, e