Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-09-16

duties Of paymaster or assstau; payinster in
dance with this section ibut not otherwisc) shall DC
entitled to receive the pty of such GnIde whilst 81
Sec g. And lie it further enacted, That each Gs-
sit mt paymHster shall npon his appointment enter
into bonds in the amour. Of ten Thousand dollars
soo and sufficient seenTitie- for
sistant PAymtsters shalt have rank aud pTeeeienee
with assistant SUI geOns not passed aud that alt APP
pnIntnents to fill vacancies IN Tic corps Of pay
tiers shall be made 10y regular Promotion from the
list oF assistant payniasttrs.
See g. And be it further enacted, That within six
months after the expira't n OF the present in5rrec-
era shall be reduced TO the number Of seventy
Approved, Jniy IL, 1861.
fTrnlIr-No. ST.
AN ACT to authorize ., National Loan and for
other purposes.
lie 1t enacted by tie Senate and House Of Repre-
sentn.iVes OF the Quilted states ui America in Con
gees assembled, That the Secretary Of the Treasury
be aud he is hereby authorized To borrow, on the
credit Of the United States within twelve months
from the passage OF this act, not exceeding
two huTrd aud ity millions VI dollars, or 50 much
thereof lie may deem necessary Tor the public seq
bonds registered bonds, or Treasury notes in such
proportions of each he may deem advisable: the
bonds 10 tear interest not exceeding seven per cent
per Iunn, payable seIni-nuuhlly irredeenihbe Tor
twenty years and amer that period redeemnble at
tire pleasure uf the United States; aud the Treasury
notes be 81 any denomination fixed by tie SccTc7
tary of the Treasury not less than fifty dollars. anu
TO PAYABLE three years after date with Interest
at the. tate Of seYen and threce nts per per
auHun:. payable scntannually. And the Secretary
Cf tile Treasury may also issue in exchange for coin.
aud Vnrt of eHboye loan may pay Tor SALARIES
or ether dues from the United States, Treasury nOteS
OF less denomination than MY dollars not bearing
interest but payable demand hy the Assistant
TretsUTers of the United State at Philadelphia New
York OF lhston, or Treasury notes geAIins interest
At the rate Of three and six;y-fFe huHiredihs per
crntum, payable in year from date and rxe.ne-
abe Mt any TIM for Treasury notes Tor ft nllais
l-suhIc under the authority pi Inns
act and bearing: Interest specified above: Rr"Ni-
,i That ~, =. Change. Of such ist-5 iIi any less
amount than one hundred dollars slnll lie male at
. any one time: And provided further, hat Iu
Treasury notes shall bo Issued az less denomination
/ than ten dollars. and that the whole amount Of
Treasury not bearing interest issued under the
authority Of this act shall not exceed my millions
! ii dollars
snry notes and bonds i-sed under the provisions of
this act shall he signed lay tlie tirst or second Comp
trurr or The Registered the Treasury and counter
signed rs such other officer officers 0f the Treas
Ury tile Secretary Of the Treasury may designate
and nii zuch obligations Of the discrimination Of y
dollars and upwards. shall be Issued under the
Of Treasury Department Tie register cal bonds
shall bc transferable tie lok- Of the Treasury
on delivery Of the certificate, Huh the COUPON bonds
and Treasury notes shall be transferable delivery
The interest coupons may be signed 10y such person
or persons, exc, urs IN suel manner a. nmy be
ds,iEnated 10y the Secretary of the Treasury, who
shall fix the compensation for the same
So, .. And be It further enacted, That the SecTe
tarv If Tie Treasury sLaii cause bcOks TO he cpgny
f,r subscription t. the Treasury notes for hiIy do"
lars and upwards. at such places a lie may designate
in the United States anh under such rules and ru
iaiicEs he may prescribe 10 be snperinieinei by
the assistant rc-urers Of the United States at teir
respective luIiics. and NJ other places by sIie dc
IyIpriss. po-lmsters, ard other persons n lie may
designate notice thereof being Etfe IN AZ least W"
daily papers Of This city, and in more public
! newspapers Published in the several places where
subscription br"k~inaT GenPeHed: and subscriptions
for -tich notes may lee Hed from Hli iersOus vii"
my ,aesire si.sCTibc. any law to the contrary not"
pithstandig; aud il =, larger amount shall be sub
the Secretary Of the TTslsuTy i authorized t" re
rrive tite sHnc, should lie deem il advantageous 10
the public Interest," and if not lac shall accept the
F.. amount required by giving the preference I" the
-iriHlirr subscriptions; and the Secretary Of the
Treasury shall nix the coinpen aiien. "l the P""ic
Officers OF other de-iEuntcd Tor receiving Hn 7"'-
ssripIinus Provided That for pcrfuFWinS this or
any other duty in conneXen with this act no com
Ieu-aIOn for services rendered shall he allowed or
maid To any public officer wiiUsc salary il established
I,y law; AID the secretary lie Treasury may also
! max, such other rules ar equations a. be may
deem eNpedient touching tbs n-tNnient t" he paid
any snbscFip;ion If tie time Of subscribing and
further Payments Icy iusiIlmCnz otherwise, and
penalties fr non-piyineut Of any instalment. and
al- concerning the rcceiP;, deposit ana sale Keep
ing money received from such subscriptions until
tile he placed in the possession OF official
cpp-tcriC Of the Treasury any law or laws to lite
I contrary notwithstanding Aud the Secretary Of
the Treasury Is also authorized, IL lac -hali deem II
rxii..iient. before opening bouks al subscription
all We provided, tD exchange for coin or pay for
{ Inbc due or for Treasury notes Of the issUe Of
/ twenty -tTd Of December, eighteen hItudr'-t and
e glItren hundred and siNty-Cne, or for Treasury
mites iszuei and taken in exchange for such notes
any Of said Treasury notes for my i"ilnrs
( Or upwards not exceeding "he hundred millions ct
( dollars
| SEC. T. And be it further enacted. That. before
n,vtrng any portion Of the lean III bonds Rnthor-
lied 10y this act. the SecTearyC ct the treasury IL lie
tecy 1t advisable to Issue proposals. for the same in
tile Guted States shalt give not less than fifteen
/ days public notice in Of the public
new -IapeTz in the city Of Washington, aud in such
other places of the United States as e may dertn
Liam he
place and the time up to which sealed proposals III
he received for tile same. the periods for tie payment
aud the amount Of each in.tHlment an which Il Is
to be paid, and the penalty for the uoi-P"yment "
amy such instruments. andwhcu and where such pro
posir shall b. opened in the presence Of such per-
sons he may choose to attend; and the Secretary
Of the Treasury IL authorized to accept the most IA
YoTlblc proposals offered by responsible bidders
Provided That offer shall lie accepted At iess tllan
Sec s. And he it further enacted. That the secre-
taTy Of the Treasury Hy, IL he deem It advisable
negotiate any portion OF said loan not exceeding
one hundred millions Of dollars in any foreign coun
try. and payable at any designated place, either in
the United States or in Europe, and may ssue regis
tered or coupon bonds for the aHlOnnt tins negotta-
ted GgreeIbly TO the provisions of this act bearing
Interest payable semi-annuaily either in the United
States nj nuy designated place in Europe; and he
is further authorized to appoint sucl agent agents
AS he may deem necessary for negotiating such loan
under his instructions, aud for paying the interest
on the same, and 10 fix the compensation Of such
agent agents. and shall prescribe to them all the
rules, regulations and modes under which such loan
shall be negotiated ana sbai nave power 10 III tne
rate Of exchange ut which tile principal shall be re-
ceived from the contractors for the Loan and the
change for the payment Of the principal and inter
est IN Europe shall be at the same rate.
Sec. 6. And he II further enacted. That whenever
any Treasury notes of denomination less than hItY
dollars 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: Provided That the ag-
grcS5tc amount Of bonds and Treasury notes Issued
under The foregoing provisions Of this act shall
exceed the fall amount authorized by the first sec
ton Of this act; and the power to Issue reissue
sueb moi lhall cease and determine after the thirty
hfst Of December, eighteen hundred and sixtytwO.
Fec. Z. And be Il further enacted. That the Socrc-
lie shall deem It expcdcnt to issue in exchange for
coin. IN payment for public dues, Treasury notes
Of any Of the denominations herciBbefcre specified,
beariUg interest not exceeding six per centuG per
/ Annum, and payable at any time not exceeding
twelve months from date provided that the amount