Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-10-08


~ a sPS SSSi.. Jaly II. Issl.
g[PrHtIc-No- 81
AN ACT to authorize National Loan aud for
other purposes.
he Il enacted by the Senate aud House d Repre-
EeutatVes u the United States Of America in Goa
gre assembled, That the Secretary Of the Trashy
i.- aud be g hereby authorized 20 borrow, the
credit Of the United states, within twelve months
fr.m the pAae9Ee Of this act, sum not eXeeeiTig
huniTed and 1fty millions Of dollars 30 much
thereof he may deem necessity for the public ser
vice. for which he Is authorized 10 issue coupon
bonds, Registered bonds, or Treasury notes Ia such
pTopJTtfons u each ~ he may deem advisable; the
bonds to tear interest not exceeding seven Per
Der annnm. payable semianhGAIly, iTTedsemAble for
twenty ysafs- and aftsT that period redeenabe At
lie pleasure Of the uHtrI States. aud tile Treasury
t0tts he IL any dissemination hXetl by the secr
iary % the Treasury, not le- than hy dollars and
10 - payable three years atsr date, with interest
Al tie tate of=eVen and threetenths PR eentum per
AunuH,. parable semi-annuAIly. AMI the Secretary
q the TTvI,uTy may .l. i-ue In exchange for coin.
and para 81 the alove Ian. % may pay Tor STARTS
H Other due from the United siates Treasury note
Of LEES denomination than my dollars not bearing
interest. bat payable demand BY the 4ssisthht
TrelsiretE " the United State4 II Phitadelphia New
York OF Boston Of TreAsury note. bearing interest
at the rate Of three and BiIty-hVe hundrelihz per
crhtum. payable In one year from date and exchange
able At any time for Treasury notes for lity dollars
and upwards, fssuAble under The authority Of this
Aet ani bearing Interest specified Above: RrOti-
tc,i, That no exchange Of Eueh h1tes In any les
any one time: And provided further, That M
Treasury notes shall i Issued % les denomination
Treasury notes, not hearing interest ised under the
authority Of this act shAli not exceed nifty millions
u ,iolian..
sec 2 And be Il further enacted That tile TreG-
sUTy aud bonds issued under the provisions Of
this act shAil b. signed by tile First second CUmp
tToltT, the Registered the TreasuTy and counter
signesi by such other O.er officers Of the Treas
ufy tie Secretary Of the Treasury may designate;
and alt such obligations q the GENERALIZATION Of nifty
doilATs and upwards, shall be issued under the seal
Of the Treasury Department The registered bonds
EhNh Le transferable on the books % the Treasury
delivery Of the certificate and the coupon bonds
and Treasury notes sall be transferable on delivery
Tie interest coupons may he signsi by such person
or persons- executed Ia such manner, may be
delegated by tile Secretary 0f the Treasury, who
hhaii hx the Compensation for the same.
Sec ,. And be IL further enacted That the SecTe-
taTy OF the Treasury shall books to be opened
IT subscription 70 the Treasury notes for hfIy dbl
lara and upwards At such places ALE may designate
Ia the Unltsd States and under such rules and TeEu
lstions he may prescribe 10 be supsTinienned by
the assistant tTeasuIerH Of the United States At their
respective localities and at other places by such de
l-it0TieA postmahteTs, and other persons he may
designate, notice thereof being given Ia At least
ueuspaPers published In the several places where
subscription books may heOpened; and subscriptions
r such notes may lie received from all IersOna who
ay desire to subscrbe any Law TO the contrary not
Uithstanding: and Ifa larger amount shAii be sub
Scrbed In the aggregate than 4 required At time,
the Secretary Of the Treasury e authorized TO re-
the public interest; and not be shall accept the
HniOunt required by giving the preference TO the
sniRller subscriptions; and the Secretary Of the
Treasury shall ix the eomien ATiOns OF the public
Officers OF others designated for receiving said sub
srrptiona: Provided, That, for performing this or
any other duty IN eonhexion with this act,
pensatiOn for services rendered shall be allowed or
paid to any public Ofeer whose salary Il established
by law; AID the Secretary q he Treasury may also
deem eIpedient touching the instAlment to be paid
any subscription A. the time Of subscribing, and
further payments by instalmtnts or otherwise, and
penalties for nOn-payment Of any instaiment, and
also concerning the receipt deposit, aud sale keep
ing u money received from such subscriptions until
the same be. placed In the possession Of ofcIal
contrary notwithstanding Aud the Secretary Of
the Treasury z also authorized, u he shall deem Il
eSPedeHt, before opening books Of subscription as
above provided, to exchange for coin or Ray for
public dues or for Treasury notes Of the issue Of
twehty-thtrd Of December, eighteen hundred and
hhyEeren, and falling due on the thiTteth OF June,
eighteen hundred and siXty-One, or for Treasury
notes issued and taken Ia exchange for such notes
any amou-t Of said Treasury notes for my dollars
dollarA.
see & And be 1t further enacted. That. before
awarding any portion Of the loan In bonds author
lied by this Set the Secretary Of the Treasury II he
deem Il advisable to issue proposals. for the in
days public notice In two more Of the public
newspapers In the city Of Washington, and IN such
other places Of the United States as he may deem
AlVisable designating the amount Of such loan the
place and the time up to which sealed proposals. III
be received for the slme the periods the payment
aud the amount Of each instalment In which Il Is
TO be Irad, and tho penalty for the notrpayment OF
any such instalments and when and where Sneh pro-
pOsals shall Be- opened In the presence OF such per
sus A. be may choose to attend; and the Secretary
Of the Treasury Il authorized to accept the most "a
y"rable proposals offered by responsible bidders
Provided That offer shall be accepted At les than
par.
tary OF the Treasury may. u he deem II advisable
negotiate any Ggrtion Of said Loan, not exceeding
Try, and payable at any designated Plaee, either in
the U.ted States OF In Europe and may isFua regis
tered or coupon bonds for the amount Tins heOtia-
ted AsTeeably to the prUssio0a Of this act bearing
interest payable substantially, either In the United
States at any designated place in Europe; and he
z further authorized to appoint such agent agents
NJ he may deem neeeslTy fIr Negotiating such loan
uiler his Instructions and for paying the interest
Oi the same, and to * the compensation Of sueh
agent agentA and shall prescribe them Al the
rules regulations and modes under which such loan
alla be negotiated and shall have power fix the
rate Of exchange At which the principal shall be
eeved from the contractors for the loan. and the ex
change for the payment Of the principal and inter-
Get In Europe shali be Al the same nate.
Sec 8. And be Il further enacted. That Whenever
any Treasury notes Of denomination less than any
dArs authorized 70 be Issued by this act slia have
been redeemed, the Secretary u the Trrasury may
nntest to an equal amount; Provided, That the AZ
gtegate amount Of bonds aud Treasury notes Issued
uldsF the toregOing provisions Of this act sli
exeeed the fall aH06ht authorized BY The arst see
tinn u this aeti and the power to issue reissue
such not shAIl aud dsleFmins amer TIE thirty.
art Of nesc%Ssr; sIghtsen hgn.rei and siStysyO.
tacy Of the Treasury & hereby autloFi1e Vlonever
he shalt deem t e&pedent % issue In exchange fsS
egh OF 70 payment for public dues, Treasury nOtes
OF any OF the Denominations herUinbofnEv speeihsd
beating interest not exceeding SIX per eenfum per
annum, and payable at any time not e1eoo1ng
u nOtes 20 issued OF paid shAii at no time exceed
twenty millions % dollArG z -,
SEQ s. And b e further enacted, That the secrO-
tlFy o. the TreaslFy shAll report t. oungTesa ims
diaiey amer the commencement q the next sesEon,
the amount he has borrowed under the provisions OF
this set of whom, and o. what terms, with an ab-
Straet Of al The proposals., Designating thosa that
hare beqn accepted and those that have been reject
ed and the HA0uut q 6qAdg Ct Treasury n6tos that
have been Issued Or Tue ama
See. 9. And - u further enacted, That the nth
q ne Untted statal 4 harhy soleunly pledged for
pEInelpal ol ~ I'm lnfh1ri.oa 81 an - I