Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-08-31


the senior onieer present may make an acting ap-
pointment Of any it person 70 perform the dutiei
until another paymAItsr or assistant paymasteI
duties Of paImaator or assistant payhster In SeeoE
dance With this section tbut not othsrWise) sal b
entitled to receive the pay Of such grade whilst g
See. S. And Le It further enacted, That each as
sistSnt shall upon his appointment enter
into bonds IN the amount Of ten thousand dollars,
with At least tVo good and Eueisnt securities, for
the faithful performance Of his duties, and that as
distant paymAEtSrs shall have rank and precedence
with assistant SUI geons not passed and that an ap
p0intmeuts 70 al vacancies In the corps Of paymas-
ters shall Be made by regular promotion from the
Sc d Ard b. ii further enacted, That within six
months amer the e1PiFJn Of the present insurTec-
ton the corps Of paymasters and assistant paymas
fsra shall be reduced 70 the number OF seVentyhTe
'A & sTS July IL, 1851.
IPuBuc-No. 81
AN ACT to authorize National Loan and for
other purposes.
he It enacted by the Senate and House Of Repre-
sentAIiTSs Of the United States Of America In Con-
Ereas assembled That the Secretary Of the Treasury
be and NJ 4 hereby authorized 70 borrow, on the
credit Of the United Statesi within twelve months
from the passage Of this act, sum mot exceeding
two hundred and fifty millions Of dollars, or 80 much
thereof ~ he may deem necessary for the public
vice, for which he IS authorized to isEne coupon
bonds or registers bonds OF Treasury notsa 10 such
proportions Of each a. he may deem advisabiei the
bonds TO bear Interest not exceeding seven per cent
per aunum, payable semIannually, irredeemAble Tor
twenty years, and amer that period redeemable at
the pleasure Of the United states and the Treasury
n0es to be 81 any denomination fixed by the Secre-
taTy Of the Treasury, rot less than nifty doar and
to be payable three years amer date with interest
At the OfseVen and thTeetenths per centun per
annum, payable substantially. And the Secretary
Of tho Treasury may also issue IN exchange ior COIN
and As part Of the above loan or may pay Tor salaries
other dues from the United States Treasury notes
Of less denomination than my dollars, not bearing
interest, bat payable on demand by the Assistant
Treasurers Of the United States At Phladephia New
York or Boston, Treasury notes bearing interest
AZ the rate Of three and sixty.hVs hundFedths per
eentun. payable In year from date, and exchauE
abe at any time for TTeasury notes foE atty dollais
and upwards, IssuAble under the authority Of this
act, and bearing interest a. specified abONe ProTi
/ ded, That no exchange Of such notes in any less
amount than hundred dollars shall be made At
treasury notes shall be susd Of less 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
Sec. 2 And be It further enacted. That the Trea-
snFy and bonds issned under the provisions Of
this shall be signed by the First Second Comp
troleF the Register Of the Treasury, and counter
signed by such other oiser officers Of the Treas
uFy the Secretary OF the Treasury may designate
and all such obligations Of the denomination Of nifty
dollars and upwards shAll be issued under the seal
Of the Treasury Department. The registered bonds
shall be transferable the books Of the Treasury
delivery Of the certificate and the coupon bonds
and Treasury notes shall be transferable delivery
The Interest coupons may be signed by such person
ar neFNSnS or exc IItFd In such manner a. may be
designated by the Secretary Of the Treasury, who
shall fix the Compensation for the same.
Sec. 3. And be II further enacted, That the Seere
taTy Of the Treasury shall cause books to DO opened
Er subscription to the Treasury notes for my dol
lars and upwards at such places a. he may designate
In the United States and under such rules and FeE
lRtiona he may prescribe, TO be superintended by
the assistant tTea1reTs Of the United States at their
respective localities, and At other places by such de
postoriss pOstmaSteTs and other persons as he may
Designate notice thereof being given in at least two
daily papers Of ths city and In one or more public
F,11l adf
subscription boOksmay beOpened; and subscriptions
for such notes may he received from all persOns who
may desire to subscribe any law to the contrary not
outstanding; aud lfa larger amount shall be sub
seribed Ia the aggregate than l. required ut time,
the Secretary Of the Treasury is authorized to re-
eeiVe the came, should he deem It advantageous to
the public interest," and u not. he shall accept the
amount required by giving the preference 70 the
smaller subscriptions; and the Secretary OF the
Treasury Bhall fx the compcnsationB Of the public
officers others designated for receiving said sub
scTiptiOns; Provided, That, for performing this or
any other duty In eonnexOn with this act, no COM
pensation for services rendered shall be allowed or
paid to any public oeeF whose salary is established
make such other rules and regulations a. he may
deem expedient touching the tnttalment to be paid
on any Subscription at tho time Of subscribing, and
further payments by Instalmtn,s 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 can DO placed In the possession Of Otneial
depOtoTies Of the Treasury, any law laws to the
contrary Notwithstanding. And the Secretary Of
the Treasury 10 lntnOrtLe0, ne tlAll ueetu
oxpedsnt, before opening books OF subscription as
i above provided, to exchange for coin or pay for
public dues or for Treasury notes Of the Issue Of
tWenty-thiTj OF December, eighteen hundred and
hftysgVen, and falling due the thlrIeth Of June,
eighteen hundred aud sxty-one, or for Treasury
notes Issued and taken In exchange for such notes,
any Amsu-t Of said Treasury notes for my dollars
or upwards not exceeding one hundred millions Of
SEC. I. Aud be Il further enacted, That, before
awarding any portion Of the loan In bonds author
lied by this aet the Secretary Of the Treasury II he
deem Il advisable to issue proposals for the same in
the UuIted States, shall give not less than hteen
days public notice In two or more Of the public
newspapers In the city Of Warrington, and In such
other places Of the United States as he may deem
advisable designating the amount Of such loan. the
place and the time up to which sealed proposals. will
be received for the same, the periods for the payment
and the amount Of each instalment In which Il Il
to be paid and the penalty for the nOu-payment Of
Hny such instruments and when end where such pro-
sons as he may choose to attend; and the Secretary
Of the Treasury e authorized to accept the most IA
Provided, That offer shall be accepted At less than
See. s. And be It further enacted, That the secre-
tary Of the Treasury may, II he deem II advisable,
negotiate any portion OF said loan, not exceeding
one hundred millions o. dollars, In any foJeign
try, and payable At any designated place, either In
the U.dt6d States In Europe, and may Eue regis
tered coupon bonds for the amount thus negotiA-
ted Asreeably 70 the proysons Of this act bearing
interest payable semannually either in the United
States at any deSgnAted place In Europe; and no
y further authorized to appoint such agOntor agents
a. be may deem necessary 16r negotiating such loan
under his Instructions and for paying the interest
on the nma, and 70 hx the compensation Of such
agent agents. and shAll prescribe 70 them All the
rules regulations and mode under which such loan
shall Be negotiated, and shall have power 20 x the
rate Of exchange AZ which the principal shal be
eeyed from the contractors ior the loan and the e1-
4 change for the payment Of the principal and inter-
ct IN Europe Ghalt b Al the sane nate.
Sec. Q. And be e further enacted. That Whenever
any Treasury notes, Of denomination les than my
dOllars authorized 70 Be Issued by this act sha have
been redeemed, the Secretary Of the Treasury may
EreEats ampunt 81 bouds and Treasury note Issued
under the foregoing provisions Of this act Ghall never
exceed the tal amount anthoEt1ed by the hrst Beo.
ton OF this leti and the power 70 issue reissue
such MOI hhah cease and determine amer the thirty
aEst Of December, eighteen hundred and aixty-tWo-
Sec. !. And Be Il further enacted That the Seere-
tary Of the Treasury l. hereby authorized, Whenever
be shAl deem Il OXpodiont 70 issue In exchange for
coin ar n naVutant for puhlc tuea ToararV notes