Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-10-10

pofutrnents 70 an vacancies In the corps Of paymas
tiers shall Be made by regular promotion from thf
Sc. q And Be- Il further enacted, mat within si1
mouths amer the expiEathD Of the present insuTeo
tiOn The corps q pa(masters and assistAnf paymas
tiers Shall be reduced 70 the number Of EsTGntydyt
1pSroTsd. July IL, 1881.
tPUEuo-No. 81
AN ACT to authorize a National Loan and foI
other purposes.
Be Il enacted by the Senate and House Of Repre-
eentatITes 0f the United States Of America in Con
greNs assembled That the Secretary Of the Treasury
lie and be q hereby authorized 70 borrow, on the
credit Of tie United stAtes within twelve months
froin the passage Of this act, sum not exceeding
two hundred and hity millions Of dollars OF 90 much
thereof a. he may deem necessary for the public SER
vice, for which he is authorized 10 issue coupon
bonda or registered bonds Treasury notes 10 such
proportion Of each n he may deem advisable; the
bonds bear interest not exceeding seven per cent
per annu, payable seIniAnnUAlly, trredeemable for
twenty years, and amer that period redeemAbls At
the pleasure Of the United States aud the Treasury
note be q any denomination fixed by the Score.
tATy Of the Treasury, not les than FIFTY dollars, and
he payable three year, amer date, with interest
the rate Of and threetenths per centum per
annum, capable asutAHnually. And the Secretary
81 the TreasuTy may also issue In exchange for coin
and paTt Of thsab0Ve loan, pay Lpr salaries
or other dues fruu the United states Ereasry nots
OF Ies denomination than my dollar not bearius
interest, but payable on demand BY the Assistant
Trelsursrs Of the United States At philadelphia New
York or Boston or Treasury notes bearing interest
Al the rate Of three and sGty-tTe hundredths per
eehtum, payable in year from date aud eIrlanR-
able at any time for Treasury notes for nifty dollar
and upwards, issuable under the authority Of this
act, and bearing interest specified above: PTOTi
Del. That no exchange Of sueh notes In any les
amount than one hundred dollars shall be male at
any one time: And provided further, That no
Treasury shall 10 Issued Of less denomination
than ten dollars, anil that the whole amount Of
Treasury notes not bearing Issued under the
authority q this act shall not exceed my millions
Of dollars.
SEC. ? And be it further enacted, That the Trea-
HuFy notes aud bonds issued under the prUTisons Of
this act shall be signed by the Pit Second Comp
tTnleF or the Register Of the Treasury, aud counter
signed by snei other ofiser officers Of the Treas
and ali such obligations Of the denomination Of fifty
dollars and upwards, shall be issued under the seal
Of the Treasury Department. The registered bonds
shall Ie transferable the books OF the Treasury
delivery OF the certificate, and the coupon bOuds
and Treasury notes shall he transferable delivery.
The Interest coupons may be signed by such person
or persons OF executed In smell manner, may be
designated by the Secretary Of the Treasury, who
sl,ali fiK the Compensation for the same.
Sec. s. And be Il further enacted, That the SecTe-
taTy Of the Treasury shall cAnse books to be opened
FIR subscription % the Treasury notes for fty dol
lara aud upWArds at such places Is S may designate
10 the United states, and under such rules aud Teg-
tile assistant treasurers Of the United States At their
respective localities and At other places BY sneh de-
pOsitories posmntefH and other persons ~ he may
designate notice thereof being given in 1t least two
daily papers Of this city, and In more public
newspapers published in the several places where
subscription books may beopGnedi and subscriptions
fOr such notes may 10 received from all peFsOhs who
may desire 10 subscribe any law TO the contrary not
Withstanding; aud II larger amount shah be sub
sebed In the aggregate than required at one time
the Secretary Of the Treasury is authorized to re-
eelVe the same, should he deem II advantageous to
the public INTEREST," and II not be aiAil accept the
amount required BY giving the preference TO the
smaller suGscTfptIOns; and the Secretary OF the
Treasury shall hx the eompen satiOns Of the public
orers or others designated for receiving said sub
nnFi
auy other duty Ia eouneXiOn with this act COM
pensation for services rendered shall be allowed or
paid to any public OeeF Whose salary Is established
by law; ahd the Secretary be Treasury may also
make such other rules ar equations Is he may
deem eXpediehe touching IN. instalment TO be paid
any subscription AZ the time Of subscribing, and
further payments by instAlmsnts otherwise, and
penalties for nOn-payment Of any tnstalment, and
also concerning the receipt, deposit, and safe keep.
ing Of money received from such subscriptions, until
the can be placed In the possession OF otieiAl
Repositories Of the Treasury, any law laws TO the
the Treasury Il asO authorized, IL he Ghal deem It
Oxpedlent, 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-thiTd Of December, eighteen hundred and
1ftysoTen, and falling due the thiTteth Of June,
eighteen hundred and sixty-0nc, OF for Treasury
notes islued and taon in exchange for such notes,
any amount Of said Treasury notes for my dollars
OF upwards not exceeding one hundred millions Of
sec. Z. And be It further endcted. That, before
awarding any portion Of tho loan In bonds author
lied by this act the Secretary Of the Treasury II he
deem u advisable to Issue proposals for the Same In
tie Unted States, shall give not less than hfteen
days public notice In two or more OF the public
newspapers In the city Of Washington, and in such
other places Of the United States as be may deem
advisable, designating the amount u such loan. the
place aud the time mp 70 which scaled proposals will
be received for The same the periods for the payment
and the amount Of each instAlment In which Il Il
to be paid, aud the penalty for the nOu-paymsnt Of
shy such instaiments and when end where such pro
Posals sha b opened IN the presence Of such per-
n WnuW ~ n n md NV
Of the Treasury IL authorized to accept the most IA
vorablo proposals offered by responsible bidders
Provided That offer sha be accepted at les than
Sec. s. And BE- It further enacted, That the seere-
taTy OF the Treasury may, II he deem II advisable,
negotiate any portion Of sid loan, not exceeding
hundred millions Of dollars In any fEeign eUu-
try, and payable a. any delegated place, either in
the LATED stAtes OF In EuroPe, aud may issue regis
tered coupon bOnas Or the amount thus negOtia-
ted agreoably 70 the prUvsious Of this act bearing
interest payable senfauuually, either in the United
]. faFtSsr aniSlse 10 APPOINT such agent OF aEents
~ he may deem Necessary for Negotiating such loan
under his Instructions and for paying the interest
agent or agents and shall prescribe to them all the
rules, regulations and modes under which such loan
shall Be negotiated, and shli have power to ix the
nate Of exchange At which the principal shah be
eeVed from the contractors for the loan, and the
change for the payment Of the principal and inter-
ct In Europe GhAIt Be At the same nate.
Sec. 9. And BE- It further enacted. That whenever
any Treasury notes Of denomination less than hfty
dollars authorized 10 be issued BY this act shall have
been redeemed. the Secretary Of the Treasury may
reissue the slnle may eanesl them and issue new
notes 70 equal amount: Provided, That the az
gTeIatO amonnt Of hoods and Treasury notes Issued
under the fTeuiuE provisions Of this slali
erceed the fall amount authorised by the arst SEC
ton Of this act; and the power to Issue TVissue
gue not shalt eease and determine amer the thirty
mt % December, ghteeh hundred and sxty-tWo.
Sec Z. And be it further enacted, That the SeeFe-
taty Of the Treasury . hereby authorized, whenever
he sha deem Il exPedisnt, to isSno In exchange for
coin, or IN payment for pubic dues Treasury notes
Of any d the determinations herOlnhel0rO specified
bearing interest not exceoding SIX per eontum per
annum, and payable AZ any time not exceeding
twelve mouths from dlte pEGyi6ed that the amount
Of notes % Issued or paid shall At no time exceed
twenty millions Of dollars.
sec s. And b Il further enacted, That the secro-
tary o. the Treasury shAll report = CCngTe, immO
diatoly after the q the next session,
ghe amount ha has borrowed under the provisions Of
this act Of whom, and on what teFms, With an alb
stTaet % al The prUposalI Designating thoss that
have been ACCEPTED and tbOso thai have been reject
Cd and the am1unt a bOndl Or TfoasuTy notes that
have besu isIupd foF the EAmo.
IL -