Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-08-21

pointenis 10 ilI vacancies in thu corps OF payuas-
ieTs shall DO made By regular promotion from the
: la Of assistant payniasters.
months after the eHpiEti OF tue pEf.ent insnIIee
ton The CORPS " pyuasters aud assistant paynlas
isrs shall he reduced TO the number ef twenty-five
A li5P ToiL July II, 1901.
tPunl.o-No 81
I An ACT 70 authorize a National Loan and for
other purposes.
BE It enacted by the Senate and Houss Of Repre-
sentaives 81 the United States OF An-ttca 10 Colt
ges assembled That the Secretary Of the Treasury
I b and lac Il hereby authorized % borrow on the
credit Of the United States, within twelve months
fr,n Tie paszage OF this set sum not eScee.iing
two hundred and nifty millions % 1iaTs, or So much
thereof he may deem necessary for the public ser
vice, for which he is authorized To issue coupon
bonds. or registered bonds, Treasury notes in such
proportion, Of each a. he may deem advisable; the
joads To bear interest not exceeding per cent.
per payable semtanHuaily, irTedeeniabie Tor
twenty years and after that peTio'l redeemable nj
the pleasure Of ihe United states; and the Treasury
notes 10 be 81 any denomination HNeG Oy me ecFc-
tary Of the Treasury not less than nifty dollars and
TO be payable three years after date; with Interest
the rate Of seven and threetenths per centum
anuuu,. papable semlaunuAlly. Aud the SecTeisry
cf the Treasury may also issue In exchange Tor coin
and part OF tile above loan, or may pay tor SALARIES
other dues from the United states Treasury notes
OF less denomination tlan my dollars, not bearing
interest, hat payable on demand by the Assistant
TteasuTet Of the United States at FhilafelPhia New
York or Boston, or Treasury notes bearing interest
NJ the rate Of three aud EiNty-hyc huudretihs per
centum. payable in one year from date and eNeanl-
able any time for Treasury notes for nifty dollars
aud npWasds. issuable under the authority Of this
act, aud bcarng interest specified above: Provi-
del. Thht no exchange Of such notes in any less
amount than one hundred dollars shall DO made ut
any ono time; And provided further, That Eo
Treasury no'ef shall lie Issued Of les denomination
than ten dollars, and that the whole amount Of
Treasury notes not bearing interest Issued under the
authority Of this act shall not exceed my millions
/ Of dollars.
-ury NOTES aud bonds ssued under tie provisions Of
this shall be signed bY tie First Or second Comp
trueF OF the Register f the Treasury, and counter
signed 10y such other officer officers Of the Treas
nry the Secretary Of the Treasury may designate;
sud all such obligations Of the denomination Of hity
dollars and upwais, shall be issued under the seal
OF the Treasury Department.. The registered bouds
Ehali io transferable the books Of the Treasury
on delivery Of the certificate, and the coupon bonds
and Treasury notes shall 10 transfrTab!e on delivery
The interest coupons may be isued by such pcrson
or pcrtons, executed In sucli manner, ~ niy be
designated by the Secretary Of the Treasury who
shall Xix the compensation for the same.
Sec. >. And b.. II further enacted, That the SecTc-
tnry OF the Treasury sIaI cause books lie opened
lr subscription to The Treasury notes for fifty dol
lars aud upwards, at such places a. lie may designate
in the United states and under such rules and rei-
iatons lac may pIcterbe, 30 be superintenued by
the --stant treasures OF the United states ut Their
rrsTc localities, and nt other places by such de-
positories posinstcTs nEd other persons as ne may
lesiguatc, notice thereof being given IN NJ least TWO
daily papers OF this city, aud in mote public
newspapers published in The several places where
subscription bpksnutg he1pclirl; RH4 subscriptions
frr uch notes may b received from all per-9ns " ho
may desire subscribe any law to the contrary NOT
Wiihst,nding anl II larger amount shall Ge sub.
scTibe In tho rgnte than II requircda at one time,
the Secretary Of tie Treasury Is authorized 10 re-
ccivr tho same. should le deem il advantageous 20
the public interest; and If not. lie shall accept the
amount required by giving tue preference to the
{ smaller subscriptions; and the secretary or the
Treasury shall Tx the colnpensntions OF The public
officers oiprr designated Tor receiving snid cub
scriptiuHz: crowded. That, for performing this
my other duty in connection With this act ~ eom-
peDsaton ftr services rendered shall be allowed or
paid to any public officer whose snNry is established
by law: id the Secretary vi the pTcstsuTy may also
I make such other rules and regulations as he may
deem eIpddient touching the instanent to he paid
GU any subscription al the time OF subscribing, and
further Payments by instaimCnts OthcTWisp, and
penalties Tor non-payment OF any instAlment. and
also concerning the Tcccip:, depoet ami sale keep
ing OF noney received nom such subscriptions until
the sanss be placed ia the possession ut official
Repositories OF the Trcasury any law OF laws TO The
I contrary Notwithstanding, And the Secretary Of
the Treasury i also authorized, II he shall 'lcem II
eapedient, before opening books OF subscription rs
l above provided, to exchange Tor coin or pay for
public dues or for Treasury notes Of the issue Of
! tweuty-thIrd Of December, eighteen hundred and
nfy-Eevcn, and falling due the thirtcth Of June,
/ eighteen hundred and siNty-ono, or Tor Treasury
notes issued and taken III exchange for such notes
any nnsu"t Of said Treasury notes for my dollars
or upwards not exceeding one hundred millions OF
dollars.
/ sec. /. And be it further enacted. That, before
awarding any portion Of the loan In bonds author
lied nv this net the Secretary q therctsury. II he
deem Il advisable to issue proposals. for the Ia
the uu.ted States, shall give not lees than hneen
rsSpapers in the city Of Washington. and In such
other places AZ the United States Ws he may deem
advisable, Designating the amount Of such loan the
place aud the time up to which sealed proposals will
be received for the the periods for the payment
and the amount of each insialment in which 1t is
TO be paid, and the penalty for the uoL-iayment Of
any such instalment5, aud when 1nd where su' h pro-
posals shall be opened IN the presence Of IN per-
cons he may choIse TO attend; and the SerStsry
Of the treasury Is authorized TO accept the mot IA
yuFqblc proposals offered hy responsible hiidens:
Provided That ofer shall DO accepted at lees than
Sec .. Aud be 1t further enacted, That the Score
tar! VI the Treasury may. II he deem it advisable
one hundred millions Of dollars IN any foreign eou
try, aad payable AZ any designated place, either in
tbs United states or in Europe. and may is-e regis
ted ayrc-,liy 10 the provisions % tls act bearing
Interest payable scmiSannual either ia the United
states any designated place In Europe: and he
Is iuTtiur authorized appoint such agent agents
as lie may deem necessary fcr negotiating such loan
under lis Instructions aud for paying the interest
on the same, aud 60 nx The compensation q such
Nent agents, and shal prescTib to them all tie
rules regulations, and modes under which such loan
shall be Negotiated sud uhail have power u iN the
nate q exchange AZ which me prirca' sliH be re
csitel from the contractors f5r the Loan. and the
ehAnse Tor the payment Of tho principal and inter
ct III Europe shall he NJ the same rate.
Z Sce. q. And be Il further enacted. That whensvcr
any TEvNsury notes Of denomination less than mas
dollars. authorized to 10 Issued by this shall nave
been rcies med, the Secretary Of the Treasury may
reissue the same or riay cancel them nud issue new
notes o. an equal nnVnnt; PrUvidei That the AZ
greE iie amount Of bOads and Treasury notes Issued
under tho foregoing provisions Of THE slall
exceed the flll snouut authorised by tile drst sec
ton on this act; and the pcWsr 10 issue reissue
such not shali cease and determine aterthe th!riy-
nFsi u Decembe., eighteen hundred aud sixtytvss.
Ssc. !. And be Il further enacted, That the Secre-
taV o. the Treasury IL hereby authorized Whenever
be shA desi il eGFedeni, to Issue In exchange Tor
con, or IN payment fer public dues, Treasury notes
- any 81 the dencniiDttioas berriube1re sreoftd-
bearing Interest NOT rSeeeiiuS SIX Prr eentvTa pr
AMMAN, and payable at sny time MT eSc-ediiis :
twelve r'aths frcsn sste provided hat the aTn5uns
u notes 20 islued Or taid shaii no time exceed
{ twenty millions Of dollars
Sex s, AID be 10 further enacted. That the Secre-
tary q The Treasury shll report 10 Congress imnlS
datrly amer the commencement Of the next session.
the amount he hiss bcTTcWei under the provisions Of
E this act, Il whom aud on What terms with an aS-
straet Of all the rtvpCeais, tesignstng thS-e thst
have been accepted and thee that have been reie T.
ed and tho amount Of bonis or Treasury notes that
4 have bera lasaeii f,r fltn