Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-09-25

I aaINm nj n
months amer the ezpIrstI Of the present insuTre
tion the cnfps Of paymAsters and asststant p4ynas
ters shai be reduced to the number Of ssTenty-hNe
i ii5S JAY i5.lssi.
IPrEue-No- 81
An ACT . authorize NatIoDal Loan and for
other purposes.
/ Hs Il tpacted By the Senate aud House Of Repre-
seutatfVes of the United States Of America in CVh-
Eress assembled, That the secretary Of the Treasury
be and be u hereby autbOrizsd % b,FToWs on the
credit % the United states, within twelve mouths
fun tie passage Of this act, sam nee e1eeediRg
hundrod and fifty millions o. dollars or 50 much
thereof a. he may deem necessary for the public ser
vice, for Ebieh be u authorized to lasHs cOupOn
1890 orrefrrel b,tds 81 TFJaSuTy Dofes. 10 such
protsffions u each be may deem advisable; the
b06ds 70 tear Interest not exceeding seven psr cent
per auHum, payable serniaHnpallys Unreasonable iOT
faenty years aud after that period TedeenAble a.
the psisurs Of the United states and the Treasury
noies 70 be Of any drnqHiuation fixed BY the seere
taTy Of the Treasury not les than my dolfs ana
10 Le payable three years after date, with interest
At the raie ofseyen and thFeete1ts per oentuu FER
annuhc, paPable ssmianRually. Aud tie Secretary
n the Tresury may also In exchange for f0iHs
- - a. nisdre loan oF may ,fJr -aiarfts
T otlrr dues from the United State, Treasury notes
Of less denomination than my dollars not bearing
Interest. But payable demand by the Assistant
Treasures of the United States At Philadelphia New
York Efst0n, OF Treasury notes bearing interest
at the rate Of three aud si1iy:iiTe hundTet1s per
eentuH, payable in one year fUni date and eXela1E.
ab.e at any time Tor Treasury nOte fSr city dollars
and upuaids, issuable under the authority Of this
act aud bearing Interest specified above: PrOTi-
liei Thai no exchange Of such notes In any less
amount than one hundred dOlIaTs shail be made ~
any Obe time; And provided further, that No
than tea dollars, aud that the whole amount nj
Treasury notes. bearing interest isIr under the
authority Of this act siall not exceed cry millions
Sec Aud lie II further enacted, That Tie TTsa-
SnFy notes and bonds issued under the provisions Of
this shAl be signed lF the FIrst sseOad Comp
Of
signed by such other OiSeT Ofeers Of tile Treas
uTy the Secretary Of the Treasury may desiguatei
and all such obligations. Of the denomination Of ity
dollars and upwards slfal be Issued under the seal
Of the Treasury Department.. The registered bonds
'hsll le transtsrale on tle books Of The Treasury
delivery Of the esftiAeAte, and the COUPON bonds
and Treasury notes shall be transferable delivery.
The interest eoupons Hay Be sisned BY such Persoh
persona or e1eSnted IN speii manlier, a. may be
designated by tie Secretary Of the TrsasnEy, who
aiilif lK the Compensation fOr me fafnc. ..-
Sec. 5. And be 1t further enacted That the secre:
tAry Of tile Treasury fali cause looks to he opened
fr subscription to the Tteasufy notes for my dol
lars aud upwards at such places a. he tuay designate
IN the United States and under such Tnlss and FsE
lationE ~ he may prescribe, 10 be suierintsnded by
the gttaut treasurer Of the United States at their
RESPECTIVE localities, and At other places by such de-
pnttorieH postunstef, and other persons A. he may
desgnate notice thereof being given In At least tHo
daily papets Of this city, aud in more public
newspapers published In the several places where
subscription books may beOpenesl; and subscriptions
Tor she notes may lie received from all persons who
may desire TO sueribe, any Law TO the contrary not
.rbsd In the agSregnte than L required at one time
The Secretary 81 the Trsasury q authorized to
eriye tle same, should he deem q gdyantaseo 70
tie public interesr; and u not, he sil accept The
sthailer ia6serpti5ns; and the SECRETARY Of the
ftea,itrY ahAll NJ the euppeu a'ioas Of the public
Oheefs or others designated for receiving said sub
srriptsons: Provided, That, for performing this or
any other duty ia eOnnsxidn with this aet no eoH-
pehatan for services rendered shall be allowed or
Ta 70 any public Ofeer whose salary Is established
by Law; ard the Secretary q he Treasury may also
make such other rules ar equations y 70 may
deeuI e1Fstispt touching thy instalnent 70 30 paid
any subscription Al tile time Of snbserbIugi and
fldti pAYtleptsb by ihAttluitntsor dtherstgns aEit
Penaitles for norrPaYment 81 any instalmeHt, and
ing q mOuey received tIpn such until
deTositores Of the Treasury, any Law or laws 10 the
/ contrary notwithstanding. And the SECRETARY OF
the Treasury e Also authorized, II he shall deem t
cxpeiient, before opening books Of subscription ~
/ above provided, to exchange for coin or nay for
public duoa or for Treasury notes Of the tssue Of
twenty-third Of December, eighteen hundred and
hnyseyen, and hllinE due ON the thirteth Of Jane,
eighteen hundred and sixty-One, or for Treasury
notes Issued and taken In exchange for such notes,
any afnbuHt Of said Truasury notCs for ty dollars
or upwards not exceeding one hundrei millions OF
dollars.
See g. And 10 IL further enacted. That, before
awarding any portion % the loan 10 bOnds autiof
lied by this act the Secretary Of the Treasury II he
deem advisable to issue proposals Tot the SAME in
the uuited States, ShAl give not iess than hfteen
days public hotiee IN two or more u the public
newspapers IN the city Of WAslhhStpn, and In such
other .plaesA qf the Unted States . he may deem
advisable, designating the amount Of such loan the
place and the time up TO which sealed proposals. viii
be received for the same The PeIQfs orthe payment
and the anlo1Ht d each ms talnient In which Il is
to be raid and the pGualty lbT the nDufaymSut Of
any such ihstRlmsntS, and when und ylere SHeh pro-
Psas shall b opened In the PSessnee Of sneh per-
Of the Treasury 4 authorized 10 Except the most fl
vpFablo proposals. offered b. responsible bidders;
Provided That u1er Ahah be accepted AZ less than
sca. s And Be it further enacted, That the seere-
tary Of the TreaEury may, IL be dfe1n ~ HViSahle
Try, and payable At any designated place either In
the Ultei States or in Eurypc, anil may isie regis
tered or coupon bonds Tor the amount thus
ted agTeeALly to the Provisions Of tbs act beafinR
lnieTcst payable semfanutly, eiiler In the United
stats q = any dssiEnAtsd Piss IL Esreps ard he
Il dTtAef authorized to appoint such AGENT or agents
he may deem necessary lnr Regulating Eneh loan
under his Instructions and fF Payins the Interest
on the lefae, and 70 nx the compensation o. sns4
rules regulations, and modes nader which such loan
shan Is end S ~. haJe EaSis e a ne
Ceyed fom ne soutuetols far the loap, and the ex-
change ioT tlo dynleht 81 he pTinoTGl ana Inter
ct 10 RArqpc thah b ~ the sanlo rate - ~
/ Sec, q And p u tuIther, enacted, That Hhensyer
any TreasnEf tolss of dehorinat ton les than ity
dolArs authorized % IL Issued By this aet ihA tars
6sen Ee.isemed. ths ssfrotsry Vt The Trea,ury mag
notes 60 an eIyilf ahionnt! Provided That the az.
Eregte amount Of bohds and Treasury notes Issued
tss mi 8 ~ Al - s l as
tion % thn act. and the power 70 isslS az reissue
such moi thAll eeale and Flins The thirty
Eee 4. And b Il flTthtt enacted, That the seere-
tary - u 2 hofshy aathegiEed, Whenever
he lhAll deonalt ESP tlep, te igng SSfhangs for
o. an e. ~ denonlhAi olla hufela 6fse speeihsl
biaFing Interest net e1eatdiAg tx per eSnfHm pef
annuIn1 and payable az cay tluie not exeeeding
% hteg % lI1nef or Tili Sthall a. no TING creed