Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-09-05

sec. q. And ie Il further enacted That within six
months after the exprati q the present insuTTec-
ton the eorps Of payma-ters aud assistant paynas
tiers shall be reduced to the number OF seVehty-ve
In the whole.
Approved, July L., 1861.
tPuslIe-No. 81
AN ACT to authorize a National Loan and for
other purposes.
Re Il enacted by the senate and House Of Repre-
sentaives o. the United States Of America IN Com
gTes assembled, That the Secretary Of the Treasury
/ be and lac Ia hereby authorized 70 borrow, ON the
erc,lit Of tile United States within twelve months
two hundred aud fifty millions Of dollars, or So much
thereof lie may deem necessary for the public SER
/ vice. for which lac Is authorized IN issue coupon
bonds, registered bonds, or Treasury notes In such
proportions Of each rs he may deem advisable; the
bonds bear interest not exceeding per cent.
per aunnm, payable seuiannnally, irredeenable for
twenty Year,, and aiter that period redeemable mt
tile pleasure OF the United StHtes nnd the Treasury
notes 10 be Of any denomination fixed by the SscTe-
tary Of the Treasury, not less than nifty dollars and
to he payable three years after date, with interest
the tate UfseVen and three teths per eentun per
anBum, payable semEannUaliy. Aud the Secretary
Il tho Treasury may also issue IN exchange for coin.
and as art Of the above Loan or uay pay Tor sllariC
CT other dues from the United States Treasury notes
Of less denomination than tiity dollars, not bearing
| interest, but payable demand by tho Assistant
TrensuTers Of the United States nj Philadelphia New
York Boston, Treasury notes bearing interest
at the rate Of three and siNtyiiye hubdredths per
ceutum, payable in one year from date AMI eNcinng-
abe Mt any time for Treasury notes for fifty doillI
aud npwa.ds, issuable under the authority Of this
net. and bearing Interest specified ahovc: Pr0Nt-
del. That no exchange Of such notes in any less
amount than hundred dollars shall he made Mt
any one time: Aud provided further, That no
Treasury notes rhai lie Issued Ola less denomination
than ten dollars, aud that the whole amount Of
Treasury notes not bearing interest issued under tile
authority Of this act, shall not exceed hty millions
Sec . And he it further enacted. That the Trea-
suTy notes aud bonds issued under the provisions OF
this act shall be signed 10y tile First or second Comp
tFOeT the Register Of the Treasury, and count
sigued by such other officer officers OF tile Treas
Jury ns the Secretary OF the Treasury may designate;
and all such obligations the denomination Of hify
dollars and upwards. shall be Issued under the seal
/ Of the Treasury Department. The registered bonds
slitl lie transferable the books OF the Treasury
delivery Of the certificate, and the coupon bonds
aud Treasury notes sha be transferable delivery
Tho interest coupons may bo signed by such person
or persons, or uNesutCd IN such manner ~ may be
designated by the Secretary Of the Treasury, who
slIiIl fix the compensation for the same.
SEC. ). And be it further ehncted, That the Score
taFy OF tho Treasury Iha cause books to he opened
fr subscription TO the Treasury notes for fifty do
lars and upwards at such places as he may designate
In the United States, and under such rules and ft'e
the frv-Grers the UnitedstaIes thsir
respective Localities and nj other places 10y sucf dc
pcstories, pOsimasi1Ts and other persons he may
Designate notice thereof being given In at least
daily papers OF this city, and in public
newspapers published IN the several places where
subscription bucks may bcOpened; and subscriptions
for such notes may lie received from all persons who
may desire to subscribe any law to the contrary not
withdrawing; and II larger amount sull be sub
seTbe Ia the aggregate than Is required at one time.
tho Secretary u the Treasury is authorized To M.
eeiye the same, should he deem Il advantageous To
the public Interest," and u rot lie shall accept the
amount required by giving the preference TO the
smaller subscriptions; and the Secretary OF tile
Treasury shall Tx the coinpen'ations Of tile public
officers others designated Tor receiving said cub
scrpii0ns: Provided, That, for pcri1rniing this or
any other duty In connection with this act COM
pcnsatiOn for services rendered shall be- allowed or
paid to any public officer WhOse salary is established
by law; aud the Secretary of the Treasury also
make such other rules and regulations NJ he may
deem eGpedient touching the instameut to BE paid
Oh any subscription ut the time Of subscribing, and
further payments by iHstalmtns or otherwise, and
penalties for non-payment Of any instalment, and
also concerning the receipt, deposit, and safe keep
ing of money received from such subscriptions until
the be placed In the possession Of official
repositories Of the Treasury, any law laws to the
contrary Notwithstanding. And the Secretary Of
the Treasury Is also authorized, II lac shall deem Il
e2prdient, 6einrU opening books Of subscription as
| above provided, to exchange for coin or pay for
public dues for Treasury notes Of the issue Of
twenty-third Of December, eighteen hundred aud
ayscyen, and falling due on the thiTtietl Of june,
/ eighteen hundred and siNtyOIc, OF for Treasury
any HOu-t OF said Treasury notes for my dollars
or upwards not exceeding one hundred millions OF
dollars
Sec. L. And he It further enacted. That, before
awarding any portion Of the loan In bonds author
iEC by this act the Secretary OF the Treasury u he
deem II advisable to issue proposals for the same in
the United States, shall give not less than hncen
days public notice ia two moro OF the public
newspapers in tile city Of Washington, and in such
other places oi the United states he may deem
advisable designating the amount u such loan. the
place and the time up TO which sealed proposals will
lie received for the same the periods for the payment
aud the amount Of each instalmeut in which 1t Is
to be paid, and the penalty for the n0l-piyment Of
any such instruments and when Hnd where such pro-
p0Ss shall be opened in the presence Of such per-
cons As lie may choose to attend and the Secretary
Of the Treasury Is authorized to accept the mot h
| vorabic proposals offered by responsible bidders
Provided, That offer sirall be accepted at less than
Sec s. And be It further enacted, That the Score
tary Of the Treasury hay, II lac deem Il advisable
negotiate any portion OF said loan, not exceeding
One hundred millions Of dollars IN any foreign cOun
try and payable Mt any designated place, either in
the U.ted States or in Europe and may issue regis
tered coupon bonds for the amount thus ncgotta-
ted agTceAbly to the provisions OF this act bearing
interest payable seInannuay, either in the United
States or at any designated place In Europe; and he
Is further authorized to appoint such agent or agents
he may deeul necessary for negotiating such loan
under his Instructions and for paying the interest
on the samc, and to dx tho compensation Of such
agent agents, and shall prescribe to them all the
rules regulations, and modes under which such loan
Elal bo negotiated, and shall have power to x tho
C6ived from the contractors for the loan and the
change for the payment Of tic principal and inter-
/ cot Ia Europe slIaii be at tho same rate.
J Sec. g. And be Il further enacted, That Whenever
any Trvasury notes, Of denomination less than any
dollars authorized to Be Issued by this net shall hSyv
Teen rcdeemct, the Secretary Of the Treasury may
reissue the same. may cancel them and issue new
notes TO an equal amount: Provided, That the az
EreAte amount Of bonds and Treasury NOTES issueli
under the foregOln provisions Of this act shall never
exceed tho fall amount authorized by the first sec
tion OF this aet and the power to Issue or reissue
sueh not -siall cease and determine aner the thirty
hrst Of pcermber, eighteen hundred aud sNty-tWu.
Sec q And be u further enacted, That the Secre-
taty OF the Treasury Is hereby authorized, whenever
he shall deem Il gxpSdiont to Issue Ia exchange for
coin, or IN payment for publio duos Treasury notes
Of any OF the denominations hereinbEiOTe specified,
bearing interest not exceeding six per eentum per
alnuul, and payable At any time not exceeding
twelve months from date provided TINT the amount
Of notes issued or paid shail Rt no time exceed
/ twenty millions Of doilars
See s. And b Il further enacted, That the SOere-
tAFy Of the Treasury shall report 70 Congress inne
dAiely aer the oommOneeinGnt Of the next session.
the amount no hlg huTrped uter the provlsiofis OF
this act q Whouy and on what terms, with An alb
sSTast Of ali the proposals, designating those that
hare been accepted and these that have teen ree
Ell and the amount Of bonds or Treasury notes that
! have been Issued for the same
SEC, 2. Aud Y 4 further enacted Tha, the faith