Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-08-24

ters shall be made by regular promotion from the
Sec 8 And be Il further enacted, That within six
months after the expiration OF the present nsRFrec-
ton the CORPS Of pNymasters and assistant paymAa
tiers shall be reduced to the number Of seVentyhve
Approved, July Il, 1851.
tPUHLIo-So. 81
AN ACT to authorize a National Loan and for
other purposes. ri
Be II enacted by the Senate aud Houss Of Repre-
sentalives Of the United States Of America In Con-
gres assembled That the Secretary Of the Treasury
be and he Il hereby authorized 20 borrow, on the
credit OF the United States, within twelve months
from the passage Of this aett a, sum not exceeding
two hundred and nifty millions OF dollars or 50 much
thereof he may deem necessary for the public
vice, for which he Is authorized to issue coupon
bonds registered bonds or Treasury notes IN such
proportions Of each a. he may deem advisablei the
bonds TO bear Interest not exceeding seven per cent.
per annum, payable tniannnaly, irredeenable for
twenty years. and amer that period Reasonable at
the pleasure Of the United States; and tie Treasury
notes to be Of any denomination fixed by the Secre-
tary Of the IreasuTyS not less than my dollars, and
to be payable three years after date, with interest
at the rate ofHeven and thteeenths per centum per
annum, payable Ecmiannualy: And the Secretary
q the Treasury may also Issue In exchange for coin,
and part Of the above loan OF may pay Tor salares
CT other dues from the United States Treasury notes
Of less denomination than my dollars not bearing
i interest, bat payable on demand by the Assistant
TreasuTers Of the United States at Philadelphia New
York or Boston. or Treasury notes bearing interest
at the rate Of three and siXty-hve huudredtls per
eentnm payable In one year from date and exchang-
able at any timO for Treasury notes Tor nifty dollars
and upwards, issuable underline authority of this
act and bearing interest specified above: PrOvi-
ded, Thai no exchange or such nOtes in any less
amount than one hundred dollars shall be made at
opy o ~ l.
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
seq. And DO 1t further enacted, That the TtSa-
snry notes and bonds issued under the provisions Of
ali la nv hH EfFatn
trolls the Register Of the Treasury aud counter
signed by such other oflser officers Of the Treas
uTy the Secretary OF the Treasury may designate
and all such obligations the denomination Of nifty
dollars and upwards, shall be issued under the seal
shall be transferable the books Of the Treasury
delivery Of the certificate, and the coupon bonds
aud Treasury Rotes shall be transferable delivery
The interest coupons may he slgnel by such person
or persons, executed in smell manner, NJ may be
| designated by the Secretary OF the Treasury, who
| shall TX the compensation for the same.
See 8. And be II further enacted, That tile Seere-
tRTy the Treasury shall cause bOokBtb he OIensd
for subscription TO the Treasury notes for fty dol
lars and upwards at such places she may designate
in the United States, and under such rules and reg-
lAtlons he may prescribe. 10 bc superintendent by
respective localities and at other places by sTch de-
postorics, pustmasteTs, and other peroug be may
designate notice thereof being given In at leasttEo
daily papers Of this city, and In more public
newspapers Published ia the several places where
subscription bnotsnlay beOpene; and subscriptions
for such ote5 may be received from all persons who
witbstanding; and iTa larger amount shall be sub.
serbed In iheHeEreEatn than required ut one time,
the Secretary Of the Treasury Is authorized To re-
cslye the same, should he deem II advantageous to
the public interest; aud II he shall accept the
amount required by giving the preference 10 the
smaller subscriptions; and the Secretary Of the
Treasury shall hX the cOInpensations Of the public
officer, others designated Tor receiving said sub
scTiptiOnss Provided, That, for performing this or
any other duty In connection with this act,
penaatOn for services rendered shall bs allow ed or
paid to any public officer Whose salary Is established
hr1 Lao tsnff1
make such other rules and regulations as he may
deem e1pedsnt touching the. instalment to be paid
on any subscription at the time Of subscribing, and
further paymentsb by instalmsnts 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 same can DO placed in the possession OF oieial
Repositories Of the Treasury any law or laws TO the
| contrary notwithstanding. And the Secretary Of
the Treasury Is also authorized, 1.-THE shall deem t
eXpedCnt, before opening books OF subscription as
above provided, TO exchange Tor coin orSpay for
public dues for TruaAuly notes Of the issue Of
tWenty-thirl Of December, eighteen hundred and
fty-sevcn, and falling due the thirtieth Of June.
sotT is,5p5 and tsH5 IN S isp mel
any amount Of said Treasury notes for my dollars
OF upwards not exceeding one hundred millions OF
| dollarA
Sec Z. And he II further enacted. That before
/ awarding any portion Of the loan Ia bonds author
lied by this act the seerrtaof the Treasury, II
deem Il advisable to issue proposals. for the In
the United States, shall give not less than hfteen
days public notice In two or moro Of the public
I
other places OF the United Statcs ~ he may deem
advisabo, designating the amount Of such loan, the
DO received for the same the periods for the pay
and the amount 0f each instAlment IN which II Is
to be paid, and the penalty for the RSr-rHyment OF
uny such instAlnaehta and hen mud where such PRIV
posAls shall be opened Ia the presence OF such prr
sons As he may choose TO attend; and the Secretary
Of the Treasury is authorized to accept the most "a
vorable proposals Offered hy responsible bidders :
Provided, That offer shall be accepted at les thar
e.. > irtt,i, a, A., g,..i II ,r,., a.! 90.
try Of the Treasury IGay, IL he deem Il a.lyfsSble
negotiate any portion OF said loan, not eSeeeiin9
one hundred millions Of dollars, IN any foreign conni
try, and PAYABLE Al any designated place, either ~
the United States or In Europe, and may fssn6 FSis.
tered or coupon bonds TOR the amount thus negoiai
ted agreeably to the provisions Of tla act. bearing
interest PAYABLE seminhnuliy, either In the United
States or at any designated place In Europe; and he
IA further authorized to Rppdlnt such agent OF aentb
a. he may deem necessary for negotiating such lOap
under his Instructors aud for paying the Interest
"a the Aa1ne, and ia. Ak the c0npensatlon Of such
rules regulations and modes under which such loan
shall be negotiated, and shall have power 10 TX the
rate Of exchange At which the principal shall be
eeNed from the ecnttactors for the lcan, and the
change for the payment Of tie principal and inter
est In Europe shall be Al the same nate,
Sec. O. And be Il further enacted That Whenever
any Treasury notes, OF denomination les than ftT
dellAEN auihoired 70 BE Issued b thirt shah have
been redeemed, the Secretary Of the TTtasury mar
reissue the same VI may cancel them and isste new
notes to an equal amount. Provided. That the AZ
gtelte Aioouht Of binds and Treasury dolts Issued
under the t1reGng provisions q this act shah never
eScSea the foil amount authorized by the HFst ~
tion Of this act; and the power to tss o. feissue
such not Alf cease aud deteFmina afier the thirty
first ~ peeembeF. eighte0l hundre and siSfy-tV6
Sec. And b Il turthgF enlrtai, Thar TIE Seere-
taTy o. the Treasury 4 hereby authOrxcd whenever
he shall deem u eXpedient. 70 Issue In exehanre for
eoin, In payment Tor public dues TreagurVuotes
Of any Of the denominations hcTeinbej0Te spOcifed
bearing Interest not exceeding six Per centuu Per
aunnni. and payable at any time NOT excSgIiinr
twelve month"; from date. tOVided that the Rnouuf
Of notes 20 issued or paid sha At No time exeeei
twenty millions Of dollars ~
Sec. s. And BE- Il further enacted That the Seere.
tafy q the freasufy shall report to Congres inrns
diately amer the eomneueemept Of the next
ne au,pant he has borrowed unef the pF6Vi pJs Of
this aets Of whom and on what tnrus, With an alb
siraet Of all the pEoposAls s1euAtih thfls, shst
have been accepted ADD these tit. Giv5 been reect
en- and the arnoant Of bonds Trglsnry a8tes that
have been issued ibr the same. Fitd q
SC. Q. And b g flrthar anaeied. Ilat the fLlth