Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-08-30

/ D.
sistSnt paSmAsteF shall, upon his appointment enter
into bonds In the amount Of ten thousand DOLLARS,
with At least two good and su1eient securities LOT
the ithful performances OF his duties, and that A.
distant paymasters shall have rank and Preeedenee
with assistant s1i geona not passed and that All APP
ten shall be made by regular promotion from the
list Of assistant paymAsteFS.
Sec 9. And be it further enacted, That within six
months after the expiration Of the present tngufTee-
lion ne corps or paymasters and assistant paymas
tiers shall Do reduced to the number Of seSsnty.hTe
;" G i1 July IL, 1851.
tPuBuc-No. 81
AN ACT to authorize a National Loan and for
other purposes.
Be Il enacted by the senate and House Of Repre-
stntauVe5 Of the United States OF America In Con.
ores assembled, That the Secretary Of the Treasury
DO and he l. hereby authorized to borrow, on the
credit Of the United States, within twelve months
from the passage Of this act, sum mot exceeding
two hundred and nifty millions Of dollars, or 50 much
thereof as he may deem necessary for the public ser
vice, for which he Is authorized TO issue coupon
bonds or registered bonds Treasury notes In such
proportions OF each a. he may deem advisable; the
bonds TO bear Interest not exceeding seven per cent
Per aunnm, payable semlannually, irTedeemable for
twenty years, and After that period redeemable at
the pleasure Of the United Statesi and the Treasury
notes 70 be Of any denomination hxed by the Score
taTy Of the Treasury rot less than fty dollars and
TO bo payable three years af1r date with interest
At the rate Of seven and threetenths per per
annuni, payable semt-annually. And the Secretary
Of the Treasury may also issue In exchange for con
or other dues from the United States Treasury notes
OF less denomination than my dollars not bearing
TreasuTers Of the United States ut Philadelphia, New
York or Boston or TreAsuEy notes bearing interest
at tho rate OF three and sl&ty-hve hundredths per
centuul payablein year from date, and exehanE-
able At any time for Treasury notes Or nifty dollars
and upwards, tssuable under the authority OF THIS
act, and bearing interest a. specified above: ProTi
| ded, That no exchange Of such notes In any less
amount than one hundred dollars shall be made at
any one time: And provided further, That NO
Treasury notes shall he iued OF aleIs 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. >. And be It further enacted, That the Trea.
snry notes and bonds issued under the provisions Of
this act shall be signed by the Firt or Second Comp
trOller the Register OF the Treasury, and counter
sgned by such other oiser officers Of the Treas
uTy the Secretary OF the Treasury may desgnatei
and all such obligations oft denomination Of hty
dollars and upwards, shall be Issued under the seal
Of the Treasury Department. The registered bonds
shall 10 transferable the books Of the Treasury
on delivery OF the certificate and the coupon bonds
and Treasury notes shall be transferable ON delivery
The interest coupons may be signed by such person
or peFsOns, executed In such manner, as may DO
designated by the Secretary Of the Treasury, who
shall lix the compensation for the same.
Sec. J. And be It further enacted That the Secre-
tnFy Of the Treasury shall cause books to be opened
for subscription to the Treasury notes for MY dol
lars and upwards at such places rs he may designate
In the United States and under such rules and regu
lations rs he may prescribe to be superntended by
the assistant tresuTeTs Of the United States at their
respective localities and At other places by such de
pOsitOTes pOetmasteFs and Other persons rs he may
Designate notice thereof being given in at least two
daily papers Of this city, and In one or more public
newspapers Published In the several places where
subscription books may beOpened; and subscriptions
for such notes may be received from all persons who
may desire to subscribe any law to the contrary not
outstanding; and ifa larger amount shall be sub
scbed In the aggregate than Is required at one time
the Secretary Of the TrsasuTy Is authorized TO re-
eeiVe the same, should he deem It advantageous to
the public Interest; and II not he shall accept the
nSsr and the sseTetSPy Of the
Treasury shall dx the eomPeusattons OF the public
oeers others designated for receiving said sub
seTiptions: Provided, That for performing this or
any other duty In connection with this act, no COM
pensaton for services rendered shall be allowed
paid to any public Oeer whose salary Is established
by law; and the Secretary Of the Treasury may also
make such other Tules and regulations Rs ho may
deem eXpedent touching the instalment to be paid
any subscription at the time Of subscribing, and
further payments by instalments OF otherwise, and
penalties for nOn-payment Of any instalulent, and
also concerning the receipt, deposit, and safe keep
ing Of money received from such subscriptions until
the same can be placed in the Possession Of ofieial
repositories Of the Treasury, any law or laws to the
contrary notwithstanding. And the Secretary Of
the Treasury i also authorized u he shall deem 1t
expedient, before opening books OF subscription as
above provided, to exchange for coin or pay for
public dues or for Treasury notes Of the Issue of
tWenty.third Of December, eighteen hundred and
htyseven, and falling due on the thirtieth Of June,
eighteen hundred and siXtyOne, or for Treasury
notes Issued ADD taken In exchange for such notes
any amount Of said Treasury notes for hy dollars
or upwards not exceeding one hundred millions OF
sec. /. And DO it further enacted, That, before
awarding any portion Of the loan In bonds author
deem L advisable TO issue proposals Tor the same in
the United States, shah give not les than Afeen
newspapers In the city Of Washington, and In such
other places OF the United States as he may deem
place and the time up to which scaled proposals VIII
be received for the same the periods for the payment
and the amount Of each instAlmsnt In which It Is
TO DO paid, and the penalty for the nou-Paynent OF
any such lnstaiments and when Bnd where such pro-
Posals shal Be opened In the presence Of such per-
sous a. he may ehoose 70 attend; and the Secretary
Of the Treasury Is authorized to accept the mot IA
Vorable proposals offered by responsible bidder:
Provided That ofer shall b accepted at less than
sec s And be Il further enacted, That the seere-
taFy Of the Treasury may, II he deem II advisable,
hundred millions Of dollars in any foreign
try, and payable al any designated place. either In
tered Or COUPON bonds for The amount thus necotia-
ted asreeAbly TO the provisions Of this act bearing
interest payable somEannuay, either In the United
States or a. any designated place IN Europe; and he
& further authorized to appoint such agentOr agents
eshs may deem necessary for negotiating such loan
/ on the sane, and 70 az the Compensation Of such
agent agenta and shAn prescribe 70 them All the
rules regulatious and modes under which such loan
rate Of exchange At which the principal ahal b ne
eeiVed from the contractors for the l0n and the ex
change for the payment OF the principal and inter
ct IN Europe tkali Be al the sane rate.
Sec. o, And be u further enacted, That Whenever
any Treasury notes OF noltnatton les than itY
dOAr, authorized to Be Issued by this act shall have
been redeemed, the Secretary Of the Treasury may
reissue the same may cancel them and Issue new
notes TO an equal amount: PTuyidsd, That the as
grcgAte amount Of bonds and Treasury notes Issued
under the teregong pr0Vions Of this act shall never
exceed the fall amount authorized by the first SO
tion Of thia asti and the power to ssue OF reissue
such not ssh1i eo3se and detsrmns aeE The thirty
1rst Of D0cGmbOT, eighteen hundred and Gixtyt
Sex. 7. And b Il further enacted, That the Secre
taFy Of the Treasury hereby authorized, Whenever
he Sha deem Il 0IpediOnt 70 issue in exchange for
coin, IN payment for public dues Treasury notes
Of any Of the denominations hereinbeioro specified
beaTtnE interest," not exceeding six per eeutum per
annum, and payable At any tins rot exceeding
twelve mopihs ffUm date, provided that the aH0unt