Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-10-11


dance With this section (but not otherWse) silil be
sBtitst 70 Teesve the pay Of such grade whilst %
acting. III.
Eistaut payuaasteT hhau upon his HPFointnient enter
into bOnds In the amount u ten thousand ootlaFr'
With q lsast tEo good aDd safssht 'ea5'. i9r
EiStant paynasters shall have rank and pTee6ienee
With Eaistaut EuigsOus not paA.ed AID that an aP-
pfntHents 70 an TAaa1eies IN the COPS Of payus-
iers shaii b mads BY regular promotion from the
list Of assistant paymasteTH-
Gee. q And bs Il further enacted, Inst within SIX
maths after the exptIatsn Of TIE pre.ent lnsarre
Too the eoFrs u tayaEteFa and assistant paytaas
teFs ihaI be reduced to the number u seventy-nEe
Approved, July II, 1851.
[PruIc-No. 81
AN ACT 70 authorize National Loan and for
otter puFPoses.
Be It enacted by the SENATE and HOuse Of Repre-
ssntAtiyes q the United States Of America in Con-
Eress asssmbed, That the SECRETARY q the Treasury
Ge and he "a hereby authorized 70 borrow, on the
credit Of the United States, within twelve months
fryu tie paaaSe Of this act a sum not eIeetiing
tu hundred and city millions Of dollars or 30 much
thereof be may deem ueees1Ty for the public ser
vice, for Whieh he is authorized TO Issue coupon
bonds regstered bond4 OF Treasury notes in such
proportions Of each " he may deem advisable; the
bonds 20 bear Interest not exceeding seven per cent
per Arnn. payable semiannnAlly. irredeeEnable foF
twenty y6ara and amer that period redeenable at
the pleaure Of the United States: and the Treasury
notes 20 be Of any decentralization fixed by the SecTe
taTy u the TrvasuTy not less than fifty dollars and
be payable three years after date with Interest
the rate ofSeVeu aud thTeetenths per ecntun per
aununa, payable ssmiannually. And the Secretary
Of the TTvsury may also Issue in exchange for eoin
and part Of the above loan may pay for laTies
CT other dues from the United States, TreSury bOtes
Of less Denomination than my doiaTs not bearing
interest, but payable on demand by the Assistant
reasureTs Of the United States at Philadelphia New
York or BostOn or Treasury notes bearing interest
~ the rate Of three and rtxty-hve huBdFedtls per
eentum payable In one year from date, and eXcbAng
able any time for Treasury notes Tor nifty dollars
and upwards, tssuable under the authority Of this
act, aud bearing interest as speehed above: PFov-
dsd, That no exchange u such nOies In any less
amount than one hundred dollars shall be made at
any one time: And provided further, That no
Treasury notes shall lie Issued Of less denomination
than ten dollars, and that the whole amount %
Treasury notes. not bearing interest ued under the
authority Of this act sltal not exeeed my millions
u dollars.
sec. p And 30 It further enacted. That the Trea-
snry notes and bonds Issued under the proTsiOns Of
tIs act shall be signed by the firSt or second Comp
tToleT the Register Of the Treasury, and c5unteF
signed by such other officer or oiieerg Of the Treas
uIy the Secretary Of the Treasury may designate;
aud all such obligations Of the denomination Of nifty
dollars and upwards, shall be issue under the seal
Of the Treasury Department. The reEisteEsd bonds
ahtli 10 transferable ON the books Of the Treasury
IN delivery Of the certificates, aud the coupon bonds
and Treasury notes shall be transferable delivery.
Tue interest coupons may be signed by such person
persons OF executed IN such naEiLeer, may be
designated by the Secretary Of the Treasury, who
shali h1 the compensation for tile same.
See. 3. And be 10 further enacted That the Secre-
taTy Of the Treasury bhRll books TO be opened
Eir subscription 70 the Treasury NOTES for hfty dol
lars and upwards, At Hucl places n he may Designate
In the United States and under such rules aud Feu
lat0ns he nay nreaeTibo, TO be superntehded by
the assistant Of the United States at their
respective Localities, and Al other places BY speh de
pOsitoFies, postmhsteS and other Perons a he may
designate, notice thereof being given in At least two
daily papers Of this city, and In more public
newspapers published In the Bevernl places where
subscription books may beOpened; and subscriptions
for sueh notes may be received from all persons who
may desTB TO subscribe any law to the contrary not
bcTibed In the aggregate than required AZ time
the Secretary Of the Treasury Is authorized 70 re-
eeive the same, al,Oud be deem II advantageous to
tle public interest; and II not he sian accept the
amount required by giving the preferetee 70 the
smaller snblcHpttonsi and the Seeretaf{ 81 the
Treasury shall DIX the eOmpen ations Of the public
officers or others designated for receiving said sub
BcTiptiOns; PrOyded5 That, for performing this or
any other duty In connection with this act no com
pensatiOn for services rendered shall be ed
paid to anypublic OeeT whose salary Il established
by law; and the Secretary q he Treasury may also
make such other rules ar equations ~ ne may
deem expedient touching tho instalment to be paid
on any subscription at the tUio Of subscribing, and
further payments by nsialments or otheF,Eite, 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 can be placed In the possession OF official
contrary. Notwithstanding. And the Secretary Of
the Treasury Il also authorized, u lie shall deem It
exPedient, before opening books Of subscription rs
above provided, TO exchange for coin or ray for
public dues for Treasury notes Of the issue Of
tWenty-third Of December, eighteen hundred and
hfty-s6Veh, aud falling due the thirteth Of June,
eighteen hundred and Aixty-One, or for Treasury
DOtes l5ued and taken in exchange for such notes
any amount Of haid Treasury notes for my dollars
dollars.
sec. Z. Aud DO it further enacted, That, before
asFnS any portion o. the Lean IN bonds api 70
deem Il advisable TO issue proposals for the same in
the Uuited States shall give not less than hfteen
days public notice Ia two or OF the public
hewspapers 10 the city OF Washington, and In such
other places Of the United States A. be may deem
aivisable, Designating the amount Of such loan the
place aud the time up 70 which sealed proposals will
he received for the ame the periods for the payment
and the amount Of each inStalment In which Il IL
70 be paid and The penalty for The npn-Paymeut Of
p0sas shal Be opened In the presence Of such per-
A. be may choose 70 attend; and the Secretary
Of the Treasury e authorized TO accept the most ia
vOrablo proposals offered by responsible bidders:
Provided, That oer shan be accepted At less than
Sec S. And be It further enacted. That the seers-
tary Of the Treasury may, II he deem 1t advisable
negotiate my portion o. said loan, not exceeding
ono hundred millions Of dollars In any foreign eOun
try, and payable At any designated place, either In
the Ualtod State or in Europe and may Issue regis
tered or coupon bonds 0r the amount thus negOtiA-
ted agreeAbly to the provisions Of this act bearing
interest payable semfannuaIIy either In the Unlfed
states or a. any designated place in Europe; and he
Is further authorized to appoint sneh agent agents
under his Instructions, and for paying the interest
on the same, and 10 Ak the CONDENSATION Of such
agent or aEeutaf ana snail prescribe 70 them All The
tuieS regulations and modes under which such loan
shall be Negotiated, and shall have power TO tx the
rate Of exchange at which the principal shall be re-
ceiVed from the contractors for the loan, and the
change for the payment Of the principal and inter-
ct n Europe shall be At the sane nate.
Sec. O. And be Il further enacted, That whenever
any Treasury notes, Of denomination LEES than any
dollars authorized 70 be Issued by this shall have
been redeemed, the SecretAEy Of the Treasury may
reissue the ZANE, may cancel them and issue new
notes 70 an equal amount; Provided, That the az
gregato amount Of bondg and Treasury NOTES issued
under the frogung provisions Of this act shall never
exceed the full amount authorized by the first 80
ton OF this act; and the power TO issue or reissue
such not shall eease and determine AFTER the thirty
hrlt Of December, eighteen hundred and sixty-tWo-
Sec. Z. Aud Be Il further enacted, That the seere
tAy Of the Treasury is hereby authorised, whenever
he shall deem II sXpedlent 70 issue In exchange for
coin, OF in payment for public dues Treasury notes
Of any Of the denominations heTplnbef1re specified,
bearing interest not Sxceeding six per eenfum per
annpmJ and payable ~ Aty time not exceeding
twelve months from date, provided that the amount
Of notes 90 Issued or PAID thall At no time exeeed
twenty millions Of dollars.
a - A. a