Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1861-07-16

INTENDED by the assistant Ueasurers or the
United States at their respective localities,
and at other places BY such depositRries,
postmasters, and ether persons as he may
designate, notice thereof being given In Of
least two daily papers Of this city, and 10
one or more public newspapers published
in the several places where subscription
books may be opened and subscriptions
for such notes may be received from all
persons who may desire to subscribe, any
law 10 the contrary notwithstanding; and
il larger amount shall be subscribed in
the aggregate than is required at one time,
the Secretary Of the Treasury Is authorized
to receive the came, should he deem Il adj
vantageous 10 the public interest; and il
not he shall aooept the amount required by
giving the preferences TO the smaller sub
scriptions; and the Secretary Of the Trea
sury shall 6E thscompensatioRs Of the pub
lie officers or others designated for reeeiv-
ing said subscriptions: ProUided, That for
performing this OF sny other duty in cen
Rexion with this act, no compensation for
services rendered shall be allowed or paid
to any public officer whose salary is estab-
lished by Law and the Secretary Of the
Treasury may also make such other rules
aud regulations as he may deem expedieut
touching the instslment to be paid on any
subscription al the tine Of subscribing
and further payments BY instalments or
otherwise, and penalties for non-payment
of any instalment and also concerning the
receipt, deposit snd safe keeping ofmoney
received from such subscriptions, until the
same can be placed in the possession Of
the official depositaries Of the treasury, any
Law or laws to the contrary notwithstand-
ing. And the Secretary Of the Treasuryis
also authorized, if he shall deem it expedi-
emit before opening books Of subscription as
above provided, to exchange for coin or
pay for public dues, OF for treasury Rotea
of the issue Of tWenty-third Of December,
eighteen hundred and ifty-seveR, and falls
ing due on the thirtielh of June, eighteen
hundred and sixty-one, or for treasury
notes issued and taken in eXehangs for
such notes, any amount Of said treasury
notes for fifty dollars OF upwards not ex
ceedins forty millions of dollars.
SIC. 4. Aad be Il further enacted, That be-
fore awarding any portion Of the. loan in
stock authorized BY this act, the Secretary
ofthe Treasury, if he deem it advisable 70
issue proposals for She same in the United
States, shall give not less than fifteen days
public notice in two or more Of the public
newspapers IN the city Of Washington, and
/ in such other ptsCss 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 install
mentI in which It is to be paid, and the
penalty for the non-pay yment Of any such
inefalments, and when and where such
proposals. shall be opened in the presence
| Of such persons as be may choose to attend
and The Secretary Of the Treasury is an.
thorized 10 accept thu most favorable pro-
possls offered by responsible bidders; Pro
sided, That no. offer shall be accepted at les
than par. 81 --.5 81 -15il ~
SEC. 5. AHd Be q further enacted, Thetth'
Secretary of the Treasury may, If he deem
it advisable, negotiate any portion Of sale
lloan, not exceeding one hundred million
of dollars, in any foreign country, in an
foreign country, and may Issue bonds o
certificates Of stock for the amount thu
negotiated sgreesbly to the provisions o
this act, the interest payable semi-annu
ally, either in the United States or at an.
designated place in Europej and he is fur
ther Authorized to appoint such agent o
agents as he may deem necessary for ne
gotiating such loan under such instruC
: tions, and for paying the interest on tn
: same, and to fix-the compensation Of sue
{ aaent or agents, snd shall prescribe to theI
q ali the rules, regulations and modes unde
which such loan shall be negotiated, an
, shalshs7e power 10 FIX the rate Of exohang
ct which the principal shall be receive
from the contractors for the loan, and ii
sxchange for hePayment Of the interest
Europe shall be at the same rate.
Q SEo. 6. And be Il tHrther sHaetsd, Tit
Q whenever any treasury notes Of q demon
q nation less than fifty dollars authorized
be issued by this act shall have been r
y deemed the Secretsry Of the Treasury ma
e reissue the same, rmay cancel them al
8. issue rev notes to an equal amount :: PT
vsdsd, That the aggregate amount Of stoC
aud treasury notes issued under The prov
sions of this act shall never exceed the fl
g amount authorized BY the first section
ID this act fand The power to Issue or reiss'
ts such notes shall cease and determine aft
the thirty first Of December, eighteen hu
dred and sixty-fWo.-
Il 7
81 Secretary Of the Treasury shall report
Congress, Immediately after the comment
= ment Of the next session, the amount
" y has borrowed under the provisions OF Il
y act, Of when, and on what terms with
abstract Of all the.prOposals, designati
= those that have been accepted and th'
that have been rejected, and the amount
y stook OF treasury notes that have been
sued for The same. in4
y SEC. g.. Ind be q further enacted, That
= faith of the United States is hereby 8
or ~ etrnniy pledged for the payment Of the
e . terest and redemption Of the principal
= the loan authorized by this act; and
~ the full and puuctuAl payment Of the
Die terest the United States specially pied
~ the duties Of impost on tea, coffee sag
spices. wines and liquors, and all such
me else and other internal duties or taxes
lYn NAV be received into the treasury.
l0' SEC. g. .And bea further enacted, That
ule l3 The provisions Of the act entitled " An
INC 10 authorize the issue Of treasury not
~. approved the 28d day Of December, Il
- - 80 far as The same can or may be app
.t t 10 the provisions Of this act and not inc
.ns slstsnt herewith, are hereby revived
~ re enacted.
me sE0. 10. AHd be It further enacted Tbs
leL llL defrsy an the expenses that may attend
~ execution of this act the sum Of two
AtIs, dred thousand dollars, or 50 much the
S, Ge- as maybe neetsbaFy, be, and the San
she hereby, appropriated, to be paid ont Of
lEA' money in the treasury not otherwise
lan- Pr0PIiasse'
any Arrangements for war News
Iury Mr.. Stanford, President Of the Amel
Jued Telegraphic Company, has made the iol
ear ing arrangements ielAtiye 70 the tTans .Is