Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-08-16


shall Trport for duty. Any PerHon performing the
duties Of paymaiter assistant paymasleF In aecor'
dance with this section tout not otherisel shan DC
entitled to receive the pay Of such grade whilst 80
Sec, S. Aud lie It further enacted, That each as
astA ut paYmAEter shall upon his appointment. enter
into bonds in the amount Of ten thousand dollars
with at least two good and sufficient seeuTlteS fjr
the faithfnI performance OF his dutes and that as
sstant paymasterB ahRll have rank and precedence
with GAsstant tReons not passed. and that all aP
POlntnentl TO MI vacancies IN the corps Of PAym3s
fsrB shAll be made by regular promotion from the
list OF assistant paymaGters.
See. 6. And be Il further enacted, That within six
months after the expiration Of the present inSurTec
ton the corps Of payina1tera and assistant paymas
tiers shAll be reduced to the number Of ssVenty.iTe
Approved, July IL, 1851.
fPrBuo-No. 81
An ACT TO authorize National Loan and for
other purposes.
Be it enacted by the Senate and House Of Repre-
Fentatiyes q the United States Of America In Con-
gres assembled. That the Secretary Of the Treasury
be and he IL hereby authorized to borrow, on the
from tho passage q this act, sum mot exeeeding
two hundred and fifty millions OF dollars much
thereof a. he may deem necessary for the public ser
vice. for which he Is authorized TO Issue coupon
bonds rregstered bonds, UT Treasury notes In such
proportions Of each "a he may deem advisable; the
bonds bear interest not exceeding per cent
per Anhum, payable semiannuAlly, irredeemAble for
twenty years, and amer that period Fedeemable at
the pleasure Of the United States; and the Treasury
notes be Of any denomination fixed by the Secre-
tary OF the Treasury not less than MY dollars, and
to be payable three years after date with interest
At the rate Of seven and threetenths csntum per
Hnnum, payable temEannuAlly. And the Secretary
q tho Treasury may also issue in exchange for coin
aud aspArt Of the above Loan may pay Tor salaries
CT other dues from the United States, Treasury notes
Of less denomination than my dollars, not bearing
interest, but payable on demand by the Assistant
TreasuTeTs OF The United States at Philadelphia New
York or Boston or Treasury notes bearing interest
at the rate Of three and stxty-hve hundredihs per
centum, payable In Que ear from date, Hnd exehaug-
49, HFwa FH NNnr
aud upwards, lssuable under the authority Of this
act, and bearing interest specified abOTe prUVi-
ded, That exchange Of such notes I'm any less
amount than one hundred dollars shall be made Rt
/ any time: And provided further, That no
Treasury noteA shall he issued Of less denomination
than ten dollars, aud that the whole amount OF
Treasury notes not bearing interest issued under the
authority Of this act, shall not exceed nifty millions
Of dollars.
/ Sec. . And be 1t further enacted That the Trea-
snry aud bonds issued under the provisions OF
this act shall be signed by the First Second Comp
troeT OF tile Register of the Treasury, and counter
signed by such other officer officers Of the Treas
uFy tile Secretary Of the Treasury may designate;
and all such obligations, OF the denomination Of fifty
dollars and upwards shal be issued under the seal
Of the Treasury Department. The registered bonds
shall be transferable on the books Of the Treasury
on delivery Of the Certificate and the coupon bonds
and Treasury notes shall be transferable delivery.
The interest coupons may be signed by such person
or persons, executed In such manner, may be
designated by the Secretary Of the Treasury, who
{ shall Xix the compensation for the same.
Sec. D. And be it further enacted, That the Secre-
FIR subscription To the Treasury notes for hity dol
lars aud upwards at such places he may designate
In The United States, and under such rnes and rCEu
latons as he may prescribe, to be superintenoed by
the assistant treasurers OF the United States at their
respective localities, and at other places by such de
PositpTies, posimnterA ard other persons as he may
Designate hotice thereof being given in atleast two
daily papers Of this city, and in more public
newspapers published in the several places where
subscription books may beOpened; aud subscriptions
for such notes may he received from all persons who
may desire to subscribe any law To the contrary not
NgagN n,aN kali
Ncrbed In the aggregate than Is required at time
the Secretary Of the Treasury il authorized to re-
ceiye the same, should he deem II advantageous to
the public Interest; and u not. lie Ell accept the
amount required by giving the preference to the
smaller subscriptions and the Secretary Of the
Treasury shall ix the cOnpenSattous OF the public
officers or others designated for receiving said sub
Ecriptions Provided That, for performing this or
any other duty IN cOnneNOn with this act COM
pensaIon for services rendered shall be allowed
paid to any public officer Whtse sRary Is established
by law; AZ the Secretary Of the Treasury may also
make such other rules and regulations ~ he may
, deem eNpcdent touching the nstalment TO be paid
on subscription at the time Oi subscribing, and
further payments by ins'almsnts or otherWisg, and
penalties for non.paymeut Of any instalment, and
also concerning the receipt, deposit, and safe keep
ing Cf money received from such subscriptions until
tho same can be placed In the possession Of official
Repositories Of the Treasury any Law or laws the
contrary notwithstanding. And the Secretary Of
the Treasury Is also authorized, 1.-The shall deem Il
-1Pelient, before opening books Of subscription as
above provided, to exchange for coin pay for
public dues or for Treasury notes Of the lesue Of
hnyseVen, and falling due the thlrtieh OF June,
eighteen hundred and dxty-one, or for Treasury
notes issued and taken In exchange for euch notes,
any amou-t Of said Treasury notes for my dollars
dollars
Sec l. And 10 Il further enacted, That, before
awarding any portion OF the Loan In bonds author
lied by this act the Secretary the Treasury II he
deem II advisable TO Issue proposals for the same In
the Uuited States, shall sire moi less than afleen
days public notice In two OF more Of the public
newspapers In the city Of Warrington, and In such
uNE nUFNh an F3NH HA
advisable designating the amount Of such loan the
place and tho time MP to which sealed proposals. III
be received for the same, tho periods for tho payment
aud the amount Of each lnStainent in which II Is
to be paid and the penalty for the not-Payment Of
any such inHtalments, and when sudWhere such pro-
posals aha be opened In the presence Of such per-
sons lac may choose to attend; and the Secretary
Of the Treasury 10 authorized TO accept the most n.
yorable proposals offered by responsible bidders:
Provided That oer shall be accepted At ess than
Sec 8. And be I, further enacted. That the seere-
tary Of the Treasury may, II he deem u advisable,
negotiate any portion Of Haid loan, not e1eesiug
one hundred millions OF dollars, In any foreign eoun-
Try, and PAYABLE a. any designated place either In
the United States or In Europe and may issue regiu-
tered or coupon bonds for the amount thus negOfa-
ted RgttVaby to the provisions Of this net bearing
interest payable semEannuay, either 10 the United
States OF at any designated place In Europe; and he
Is further authorized TO appoint such agent agents
Gs he may deem neeetsary for negotiating such loan
uudof his Instructions and for paying the interest
! on the zane, and to hx the compensation OF such
agent or egents, and shall prescribe to them al the
Ehll be negotiated aud shall have power to Ok the
rate Of exchange At Whirl, the principal ahRli 30
change for the payment Of the principal and inter
ssi In Europe lhali be At tie same rate.
sCS. O. And Be it further enacted. That Whsn4yeT
any TTCasurv notes Of denomination les than any
doaFa authorised 70 bS issued by this act shall have
been redeemed, the Secretary q the Treasury may
rsissue the RRme or may cancel them and isauC new
uptea TO an equal amgunti Provided, That the as.
Ef0SAtl amount o. bonds aud TrsaeHfy notOl issued
under the ofesulug provisions Of this act abal
eNcOSd the fall amount authorized by the hrst
tim Of this act sud the power TO issue or reissue
such notes aha CEASE and determine RtOt the thirty
inst cf DSeembsT, eighteen hundred and Si1tS.tvo.
See =. And 10 t further enacted. That the Eeefc-
taty Of the Treasury g hereby auth1Tite, Whenever
be shall deem a1pgdEnt, . isauo In exchange FOR