Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-08-27

fsrI shall be made by regular promotion from the
list Of assistant pIyma8tefs.
Sec. O. And be ii further enacted, That within six
months amer the eXprpti Of the present inaurree
ton the corps OF paymaSters and assistaut rAJnas
tsrg ahall be reduced TO the number Of seVentyhTe
approved, July IL, 1891.
[PUBuc-No. 81
AN ACT to authorize National Loan and for
other purposes.
BE 81 enacted by the Senate and House OF Repre-
sentaives Of the United States Of America in Con-
res assembled That the Secretary Of the Treasury
credit Of the United States, within twelve months
from tii6 passage Of this act, sum not exceeding
iE0hundred and My millions Of dollars or so much
thereof he may deem necessary for the public
vice, for which he Is authorized To issue coupon
bonds registered bonds Treasury notes 10 such
proportions Of each a. lac may deem adVisablei the
bonds to bear interest not exceeding seven per cent
Per Rnnum, payable aemianupRlly, irTedeemAble for
twenty years, and after that period Teieemable at
the pleasure Of the United States; and tile Treasury
notes 70 be Of any denomination hxed by the Secre
taTy Of the Treasury 10. less than nifty dollars and
to be payable three yeara after date, with interest
at the rate Of seven and per eentu per
annum, papabie hemiaunuAliy. Aud the Secretary
Of the Treasury may also issue In exchange for coin
and apart Of theaboyo loan, may pay tor SALARIES
or other dues from the United States Treasury notes
Of less denomination than hfty dollars not bearing
interest, but payable on demand by the Assistant
TFeAsureTs Of the United States ut Philadelphia New
York or Boston or Treasury notes bearing interest
at the rate Of three and sixty-dve hundredths per
csntum, payable In one year from date and eHcang-
able At any time foe Treasury notes Tor nifty dollais
and upWAids issuabio under the authority Of this
act, aud bearing interest specified above; proTi
ded, That no exchange Of such notes in any less
amount than one Hundred doIlars shall be made at
any ona time: Aud provided further, That no
Treasury notes shall Le iuei Of less denomination
than ten dollars, aud that the whole amount Of
Treasury notes. not bearing interest issued under the
authority OF this act shall not exceed my millions
Of dollars
snry and bonds issued under the provisions Of
this net shall be signed by the First Second Comp
trutI or the Regster Of the Treasury, and counter
sgued by such other ofiSer officers Of the Treas
ury the Secretary Of the Treasury may des!gnate
aud all such obligations Of the denomination Of hty
dollars and upwards, shall be Issued under the seal
Of the Treasury Department. The registered bonds
shall 30 transferable on the books of the Treasury
delivery OF the certificate, and the coupon bonds
and Treasury notes shall be transferable delivery
The interest coupons may DO sigued by such person
or persons or exc. uttd in such manner, as may be
by the Secretary Of tie Treasury, who
slall tx the compensation for the same.
Sec. B. Aud DO it further enacted, That the Secre-
tary OF the Treasury shall books bo opened
t'r subscription to the Treasury notes Tor my dol
lars aud upwards AZ such places as he may designate
In the United States, and under such rules and ret
latuns ~ he may prescribe, TO DO superntended by
the assistant Teasures of the United States at their
respective localities and other places by such de
postmAster and other persons as he may
lesguate, notice thereof being given iRat least two
daily papers Of this city, and In one more public
newspapers publlshcd ia tie several places where
subscription books may beOpened; and subscriptions
Tor such notes may be received from all persons VINO
may desire subscribe, any law to the contrary not
withstanding; ADD II larger amount shall be sub
serbed In the aggregate than required At one time,
the Secretary Of the Treasury Is authorized to rB
oeiye the same, should he deem u advantageous 10
the public interest,"; and u not, he shall accept tue
amount required by giving the preference to the
smaller subscriptions; and the Secretary OF the
Treasury shall fix the cOmpensatiOns OF the public
officers or others designated for receiving said sub
ssrptions; Provided, That, for performing this or
any other duty In eOnnexion with this act, no COM
pensati0n FOR services rendered shAn be allowed
paid to any public officer whose salary Is established
by law; aud the Secretary Of the Treasury may also
make such other rules and regulations as lie may
deem e1Peiont touching the instalnient to BE paid
any subscription at the time Of subscribing, and
further payments by instalmtnts or otherwise, and
penalties for non-payment Of any iuStalmentI and
also etnerning the receipt, deposit, and safe keep
inH dlnaey received Hon sSeh seoeeIl ptions anui
the oie can be placed in the possession u official
repositories OF the Treasury, any law or laws To tho
contrary Notwithstanding. And the Secretary OF
the Treasury L also authorized, u he shall deem Il
expedient, before opening books Of subscription as
above provided, TO exchange for coin pay for
public dues or for Treasury notes Of the issue Of
hty-ssVen, and falling due the thTtieih OF June,
eighteen hundred aud sixty-one, for Treasury
notes issued and taken in exchange for such notes,
any amount Of aid Treasury notes for any dollars
or upwards not exceeding one hundred millions OF
SEC. I. And be Il further enacted. That, before
awarding any portion Of the loan In bonds author
lied by this act the Secretary OF the Treasury u he
deem it adIable 70 Issue proposals. for the same in
the uuited States, shall EtVe not less than hfeeu
In ne civ Of WasbinVtop AMI IN ,I,rh
other pIsees II the United States q ne NAV deem,
advisable, Designating the amount Of such loan the
IN Teeeived f,r ire slne the teriG Tor tbs nlvBsnt
and the AMOUNT u ,-aeh instRlment IN which IL Il
70 DO paid, aud the penalty for the nOHpayment OF
any sneh InSfaIuents ana when nd vIlero such nru
rSais ShaII - opene IN the nruseuee of such ter-
son7 a ~ NAV ehoose 10 atteud; and Inc Secretary
Of the Treasury u authorized to accept the most "a
vorahle uroposais- ofefed by reSponsble BIDDER;
ProTided ThRf n lofr Ehall be accented Al lee than
n5f
g. & And he II firfher enacted That tbe SecFe-
ar, ~ the rsa,iirV nav n IL Seni n a.lyfsable
an, ,,,Tti,r, * iat5 tan not eTreSlin,,
ore hnn5rsd m{ons 81 5oTIsT N snI5 f,rsi>n sa,,,S
Inv And paynbie Al nnv deSignated nlaee either IN
ne Uiitsi State or m FIrote ard may iu-ue reris
tend or COMMON bonds for the AMOUNT Thus ueFota-
80 r.. - t6s ,,r,visin,, ~ tbts - IIs,i1
int.rsst ,,svS6is ss1iSnnnaIiv siier IN t6s TTntte3
tatsS ~ ~ an, deSi-nafe5 niSat In EnToe. and ~
4. fsTtbsr st,fbSl 10 anr6int ,,eh INT or arsnts