The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-09-10
CIRCULAR INSTRUCTIONS TO AGENTS
FOR RECEIVING SUBSCRIPTIONS FOR TREASURY NOTES
UNDER TIE ACT OF JULY II, 1861.
TREASURY DEPARTMENT, August, 1861

TREASURY DEPARTMENT, August, 1851.
SI-The act of Congress entitled "An act to authorize
national loan and for other purposes, approved July
H. 1861 requires books be openc subscriptions
The Treasury notes for afty dollars and upwards, au,o
rized therein, under such rules and regulations the
Secretary Of the Treasury may prescribe.
accordingly request you to open on the day OF
-, 1861 and to keep open for Afecn days there
after book for such subscriptions Cor Treasury notes.
rate Of 10 per cehtnn per annum, payable scinan
nuaiIy under the following rules and reg llatlons:-
l. bond to the United States must be duly executed
by YOURSELF and sufficient suretes for the amount and in
the manner expressed Ia the blank herewith enclosed
Such bonds not required 10 be executed by the rea
srer assistant trca.urcrs and depCsares designated
under the 18th section Of the act Of August 1896 their
existing official bonds being sufficient. All others to whom
the present instructions addressed must furnish the
completed you will submit it to judge Of the supreme
district court Of the United States to district at
tcrhcy Of the United States, If more convenient trans
nit il to the Solicitor Of the Treasury at Washington, for
examination and approval If It be approved, you will
Immediately thereafter gve public notice by advertise
mcnt IN tho newspapers Of your vicinity that you will
forthwith open book for subscription designated
Place, and receive subscriptions therein: and you will
keep this book open and accessible to I'll who wish sub
scribe for fifteen days. II your bond be approved by
Judge or district attorney, You will Immediately trans
If, such inspection IL be found insufficient, you will
give such further bond as may be required will
Ia act as subscription agont
. Any person oci ing subscribe fifty doh ,rs or any
multiple Of that sum, for such Treasury notes will
his name in said book in his handwriting ard
The amount of the FreasU notes he desires in words
with tho denomination of tn notes Indicated in 2ures
g. Whenever ,he sum sabsc'ibcd by any pers" shall
not exceed dirty dos he pay the whole amount
ihe time Of subscribing Subscriptions Of chan
hlty dollars viii be paid nj once, il preferred,
tenth at the time OF subscribing and third Of whole
every twentieth day thereafter until the sum
subscribed shall be paid provided that no payment shall
be les than city dollars, TIN. being the smallest amount
FOR whic! such Treasui notes authorized. Nj pay
nents must be made In the lawful coin Of the United
states.
Upon every payment you will Issue to tho subscriber
10
the paid, distinguishing the atcrest, the datcpf the
payment, tbS denomination Of Treasury notes desired
and the deferred instruments and the date NJ which each
w b. payable aud you Will deliver said duplicate
tilcacs 10 the Subscribers who will forward The original
immediately 10 the Secretary of the Treasury. On the
receipt eff the original forwarded to the Secretary. ca
snry noe Of the desired denominations, dated Au
gust 10, lScl payab'o to ihe order of ihe sab,
the rate Of 3 10ths per cent, viii be cent
TO such subscriber by mail such other mode may b
desired IN VIII re only part Of III, sob
scribcd paid at the time Of sub cribng Treasury
will be issued only ior the srbsequen payments Until
The whole amount Subscribed shall have been maid when
Treasury notes will he issued for the first pawn also
On payment Of each deferred nsamcnt the subscriber
will pay, in addition thereto, equal to the interest
accrued theron from the l9h OF August to the date Of
payment, and on final payment ike interest on the
amount paid subscription which payments OF interest
win be reimbursed to the subscriber in the payment Of
the inst coupon Whenever the amoant subscribed shall
not be paid within the periods described, the first pay
ment will be forfeited to the United States
o. An account with the Treasurer Of the United States
mpst he opened in which yo1 will enter the name of each
subscriber the amount subscribed the received the
date u It's receipt and Indicate whether IL Is the FIRST
0nd third fourth payment accrued interest placing
such NE credit of the Treasurer You will likewise
the debit NJ the Treasurer all payments made upon
his drafts giving the date Of such payments and tho
and humber OF Tho drafts paid, and also debit him with
deposits made with any depositay by order OF this
department, referring to such order by its date. No
other debts credits appear in this account un
less by tie express direction AID authority OF the Secrc
tary OF the Treasury As depositaries under the of
1915 now keep such accounts, this regulation does not
apply to .hcu..
g. st ihc expiration of The fifteen days during which
subscriptions FOR Treasury rocs 20 b, received You
Will transmit the book containing such subscI plions,
made under superintendent. to this department by
mail retaining copy of the same. At The close Of bust
every Saturday You viii rapscribe, in duplicate, all
the entries male in your account WITH the Treasurer
during The week, sign such transcripts and transmit
the next mail copy thereof TO the Secretary Of the
Treasury and the other copy TO the Treasurer OF the
United states enclosing with the latter any drafts that
CD may have drawn you which yoa may have paid
sin your last return Of such transcript. Should
entries have been made in your account with the rea
during any wec., az tho close Of business Saur
day you will address brief note TO the Treasurer and the
Secretary Of the Treasury respectively stating that fact
!. All sums received must be paid in full into the Trea
sury.
g. As conversation for services and expenses except
advertising and transportation to repositories YOU will be
allowed the aggregate received by you. which shall
have beea paid over deposited with any dcpostary
under the instructions OF this Department. when such
gregac shall exceed the Of hundred Thousand
dollars commission OF one nth OF per cent; and
and upon additional amount received and paid
deposited aforesaid n commission Of one eighth Of
per cent, which will be settled and RENTED from
the Treasury In addition 10 the commission not
exceeding dollnrs viii be allowed to dcray charges
for advertising and the expenses aendng the transport
ton of any money to any dcposary Will be provided for
IN the Instruction. given for such transportation
). !. CHASE, Secretary Of the Treasury.