Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-09-04

| D.
sIstapt Payastsr Shal, upon his apPointment enter
into bonds in the amount Of ten Thousand dollars,
with AZ least two good and sucient securities for
EiEtant paymasteTs shall have rank and precedenee
with assistant sqi geons pot pass And that al aP-
p0intments to an TAeaneies in the corps Of paynils
80 han II t1n3s nv TenIar uFpr,otfon from the
list Of assistant payniasters-
sec & And he Il further enacted, That within nix
months after the eXpirati Of the present insurTee
tiOn the corps uf paymasteFs and assistant Iaymas
ters shall Be reduced to the number OF sere1tynVe
Approved, July Il, ls0i.
lI'uEuc-No. 81
AN ACT to authoriEs a National Loan and for
other puTPcses.
Re il enacted By the Seuats aud House Of Repre-
ientaiires 81 the United statss Of America In Con
ere-s assembled, That Ge Secretary Of the Treasury
bs aud he i hereby authorized TO borrow, On the
erif oI he Intel Stafes within twelve months
from tile passage Of this act, sum not exceeding
tao hundred ard atty millions u doilars much
vice, foE which he u authorized 10 Issue coupon
bogs registered bouds, OF Treasury notes, in such
tonds 10 tear interest not exceeding seven peg cent
Per Aununi, payabe seinaunualy, bridesmaids for
iuynty yeATr, and amer tlEat period redeemabe at
the pleasure Of tbe Uhtei States; and the Treasury
note TO he 81 any denSIninAtiOu hxei by the Secre
taTy 81 the Treasury, not less than nifty d1lars and
to ie payable three years amer date, with interest
annuH., parable seHiannuaily. Aud the Secretary
q the TTeasry may Also issue in exchange for ooin
other dues FROM the uuited States Treasury notes
Of les denomination than my dollars not bearing
Interest, hut payable on demand by the Assistant
TreAsurers Of the Unifel States Philadelphia New
York Boston, OF Treasury notes bearing interest
at the rate Of three and s1ty-hve hundredflls per
centuui payable IN one yearfrum date. and eXelang-
abe any time for Treasury notes Tor Efty dollars
and upWaids, issuabe under the authority u this
act. and bearing interest specified above: pTnTi-
Del That exchange Of such notes in any les
amount than one hundred dollars shall be made at
any one time: Aud provided fnTther, That no
El1 f1rfa
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
Sec. 2 And be it further enacted, That the TTsa-
snTy uOtes and bonds Issued under the provisions Of
this act shall be agnsd BY the Firt or second Comp
tr0tr the Register f the Treasury, and counter
signed by such other oficeT officers % the Treas
uTy the Secretary Of the Treasury may designate;
and All such obligations Of the denomination u fifty
dollars and upwards, shall be issued under the seal
q the Treasury Department The registered bonds
shall 10 transferable the books Of the Treasury
delivery Of the certificate, and the coupon L0nds
and Treasury notes IhAl be transferable delivery.
The interest coupons may be signed by such person
OF peFsons, or exc ltsd in such manner, a may be
designated by the Secretary Of the Treasury, who
tlIall hx the compensation for the same.
Sc. :. And be 10 further enaeted, That the Secre
taJ o. the Treasury sall cause books to he opened
fr subscription TO the Treasury notes for hfty dol
IaEs Ard upwards At such places a. he may desgnate
IL the uniied States and under sueh FuIea and regT
Lsti5as he may prescribe 70 be supeFntended by
the assistant Of the United States at their
poit0fts, poEtmss;eTl, aHd other persons he may
5znAte notice thereof being given In At least two
ay PAPERS % this city, and In one or more public
hsEsFaPeTs Published in the several places where
suhseTiption ba6ksmay be openedi and subscriptions
t'T sueh notes may he received frum AL persons who
may deiTr spb-SFibe. any Law 70 the e1ntTary not
Efhstanding; and IL larger amount shall be Bub+
ssrLed IL he aggregate than i required At Que time,
the Secretary Of the Treasury il authorized to
eeive the same, should he deem It advantageous TO
the public Interest; and II not. he shall accept the
aSant TSEusd Sy nF Tue e e e.; the
TrrAsuTy shAll Tx the cOmpen atiOus Of the public
Officers others designated for receiving said sub
ser5ptions: Provided, That, for performing this OF
any other duty in c0nnexi0n with this act, COM
lenatinn for services rendered shall Be allowed or
l.1to any public olneeE y hos sslAIy Is g
by law Rd the Secretary OF the Treasury may alsO
make such other rules and regulations as he may
leem eXPedient touching the inftaiment 70 be paid
any Subscription At tile time Of Subscribing and
further payments by instalmtnts otherwise, and
localities firs nOniayment OF any tnstalment, and
aisl concerning the receipt deposit aud safe keep
Ing q money received rVn such subscriptions until
the same can 10 placed in the possession Of Official
deoitoTies Of the TTeasury, any law or laws to the
tho Treasury u also authorized, II he Gali deem It
expetient, before opening books Of subscription as
ahr1Ve provided, TO exchange for coin or pay Tor
public dues OF for Treasury notes Of the issue q
twenty-third Of December, eighteen huudred and
yscven aud falling due on the thTtleth Of june,
r Ehtteh hundred aud Si1ty-oie, or for Treasury
notes issued aud taken In exchange for suel, notes
any ainOuet Of aid Treasury notes for my dollars
dallars.
sec. I. Aud 10 1t further enacted That, before
awarding any portion Of the Kan IN bonds author
sei by this Set me secretary Of he TrraSry IL he
drrm Il advisable 10 Issue proposals for the same
tho uuitei States, shall give not less than tlteen
days public notice In two more Of the public
Newspapers In the city OF Washington and In such
other places % the United States As no may deem
hivisa6e, designating the amount OF such loan. tho
place and the time mp to which sealed proposals Will
be received for the the periods for the payment
and the amount Of eoch instalmOnt in which It Is
to b paid, and the penalty for the nonPayment 1f
any such instAlments and when aud where such pro-
posals shall Be opened in the presence Of such per-
slns he may choose to attend; aud the Secretary
q the Treasury e authorised to accept the IL
VorAhlc proposals offered by responsible bidders:
Provided, That Oor shall Do accepted At les than
See s. And BE- Il further enAe.ed. Thst the Score
taTy OF the Treasury may. q he deem Il advisable,
negotiate any portion 81 SAid loan, not exceeding
Oue hundred millions n dollars Ga any foreign oOuIs
try, and payable At any designated plAce either In
me g,lltea state q N huISPe, AND nay lsue regis
tered OF coupon bouds I'm tho amount thus negOtia-
ted agreeahy to the prOyisous Of this act, bearing
interest payable semEanHualy, either in the United
States CO ~ any designated place In Europe; and he
l. further authorized to appoint such agent agents
a. be may deem necessary tur Negotiating such loan
under his INSTRUCTIONS and for paying the interest
on the same, and to Ak the compensation Of such
agent or agentA and shall prescribe TO them All the
rules and uapes T1Eter which such loan
rate Of exchange at which the principal sha Be re-
celyed from the contractors for the loan, and the
change for the payment Of the principal and inter
est In Europe shau Be At the same rate.
SO Q. And be L further Cnacted That whenever
any Treasuly notes OF denomination les than hiCY
dollars, authorized to b Issued by this act shall have
been redeemed, the Secretary uf the Treasury may
reissue the sat, Ct may cancel them and issue new
notes TO an equal amount: Provided, That the az
gregate amount OF bonds and Treasury notes Issued
under the nregolng Proyisous q this shall never
exceed the fall amount authorized by the FIRST SEQ
ton OF this octt and the power to issue reissue
such not shall Geese and deteFina amer the thirty
ant OF December, eighteen hundred and Elxty-tWO,
Sec. Z. And BE- u further enacted. That the SeeTe
tATy oitho Treasury Il hereby authorized Whenaver
be shan deem it eSPedient g tssne In sSehanee ior
coin, In payment Tor publle dues Treasury notes
Of any o. the denominations herenbeiore specified,
bearing Interest not oNeeedlng six per eenfum per
annum, and payable a. any time not exceeding
twelve mouths fFUui date provided that the amount
Of hoted % issRed or paid shail u no time exceed
| tWeuty millions Of dnilafG
Sec. s. And be q further enacted That the Secre-
tary % the Treasury shan IMPORT % COngres iume
diately atter the committeeman o. the nett session.
ne amount he has borrowed under the pruvisons Of
this act, of whom, and On What tern9s with an Ab-