Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-08-13

a.
9uths aite- the e1pirati % the present iHsazTe-
ton the eorps Of payuasteTs All assistant zyrn7s
ten shali be Ee4used to the number Of feFer'yEe
- approves si5T ,Jnly l., 100
lPccuc-S0. 81
AN ACT to authorize NationsI Lean aad for
cther purposes.
Reit enacted by the Senate and House Of Repre-
seutatlyes Of the United st1tes q america in Con
.res assembled That the Secretary o: the Treasury
De aud he i hereby Authorized 10 barrow, on tie
credit o! the United states, within twelve mouths
f.dII the passage OF this act, suH not eEeeetins
two hundred and fi millions Of 'ie+sf- Of - much
thereof he may deem necessary fJf the public ser
vice for which he il authorized 10 issue coupon
bonds grregi-tored b1ul, Treasury notes in such
prot5rtigus Of each - lie may deem advisable; the
bonds 20 tear interest not exceeding seven Per sent
per aanuui. payable ssmiauuually, irTeieemahle i0T
twenty wears, and aitCr that period redeemable at
the pleasure Of The United staios; and the Treasury
notes 70 be Of any denomination iNec by the secTe
tATy % the TTeasury less than hity dollars and
TO be payable three years after date, with Interest
AZ tho tate Of seven and threeteEts Per centuh per
Rnnun, payable Eeini-annusily. And the Secretary
q the Treasury may also Issue in exchange for coin
and as part the above loan, may pay Tor SALARIES
ar other dues from the United state treasury notes
OF less denomination than hty dollars, not bearing
| interest lint rnyabIe on demand by the Assistant
TICa-uTeTz Of fis United States at Phadep hla- New
York Boston, Treasury nOtes besring interest
ut the rate 81 three and siNty-iye huHdredihs per
able AZ any time for Treasury notes LOT nifty dollars
and gpHa d. issuIble under the authority OF this
act and bearing interest a. specified aboHe Prov
del That no exchange OF such ngtes IN any less
amount than hundred dollars shall lie made 81
any one time: And provided further That 10
Treasury note. shall he Issued Of less denomination
than ten dollars and shat the whole amount Of
Treasury notes not bearing interest Issued under the
authority Of this act, zlali not exceed hty millions
I Of d0llaTs.
/ sex 2 And he It further enacted, That the Trea-
snry notes aud bonds Issued under the provisions Of
this act shah b. signed by the First or second Gimp
troiieT, or ie Register q the Treasury AID COULTER
signed by such other other officers u the Treas
uTy as tile Secretary Of the Treasury may dssiguate
and all such obligations. Of the denomination OF nty
,Iiar- and upwards. thaI be Issued under the seal
I Of the Treasury Department. The registered bonds
shall lie transferable on the book OF tie Treasury
on delivery OF the certificate and the coupon bonds
and Treasury shall be transferable delivery.
The interest coupons may be signed by such person
or person-, utCd in such manner as may be
designated by the Secretary Of the Treasury who
I shlll TX the compensation for the sane.
sec. B. And be IL iprther enacted, That the Score.
tary OF tie Treasury shali cause looks TO BE opened
fir subscription 10 the Treasury notes for nity dol
lars and upwards such places n lc may sisuutc
In tie United States, and under such rules and Teu-
lnions he may prescribe, TO be superinienued by
the assistant tTeasureTs OF the United states at their
respective ioeatio, and at other places b. suc de-
posioies, posjmasersr and other persons a. lie may
designate, notice thereof being given in NJ least two
daily papers Of this city aud IA more public
newspapers published in The several places Nhelc
sub 7cript!on books may beoiened ala subscriptions
for such notes may lie Tecei ed from alI persons who
may desire subscribe, any law To thecnntrlry not
withdrawing; and ii larger amount shall be sub
scTbvd in tile gyTUEate tlanis required at ono time.
the Secretary Of the Treasury = authorized 10 re-
ceive the same, should he deem il advantageous to
the public Interest," and IL not. he shall accept the
! amount required by giving the preference 70 the
smaller subscriptions; aud the Secretary OF the
Treasury shall Xix the compensations Of the public
officers or 0tlers dessnated for receiving said sne-
BrripiioEs: Provided That, for performing this or
aUy other duty in c0nBeNgu with this act no c.in-
Prnslti0n for services rendered shall DO allowed
paid 10 any public officer whose salary Is established
by law; aud the secretary Of the Treasury may a-o
make such other rules and regulations a. he may
E paid
on any subscription ~ the lime OF subscribing. and
further payments by instalmynts or otheFwisc' and
Z penalties Tor nUn-plymeDt OF any iustaluient, and
Al- concerning the receipt, deposit. and safe EceI-
ing If money received from such subscriptions mil
tile be placed Ia the possession OF official
Repositories of the Treasury any law % laws 20 the
/ contrary notwithstanding. Aud the Secretary oC
the Treasury j. also authorized IL he shall deem 70
expedieut. before opening books OF subscription ~
I above provided, to exchange Tor coin or pay for
I public dues for Treasury notes Of the Issue Uf
| tweniy-thiTd Of December, eighteen hundred aud
tty-sOyeu and filling due on fhe thirieih " juno,
eighteen hundred and sixty one. for Treasury
notes issued and taken In exchange for such notes
any amount OF said Treasury notes for hty dollars
or upwards not exceeding one hundred millions Of
dollars.
awarding any portion u the loan in bonds author
lied by this act the Secretary OF the Treasury, II he
deem advisable 90 issue proposals for the same in
tie uuited STATES shall give not les thau fifteen
dag public notice IN two or more Of tie public
new spapers In the city Of Washington and in snci
other places Of the United States - lie may deem
advisable, designating the amount VI such loan the
place aud the lime up To which sealed proposals VIII
be Feceiy ed for the the periods iDrthe payment
and the amount Of each instalment in which it is
to be paid and the penalty for the noH-plYnent Of
uny such instruments and when nd where such pro-
pOsas shall be opened IN the presence Of such per-
cons a. lie may choose TO oteni+ and the Secretary
Of the Treasury is authorized to accept the f
vorablc proposals offered by responsible bidders:
Provided That offer ahal be accepted Ut less than
Sec s. And be it further enacted, That the seere-
;ary Of the Treasury "ay. IL he deem It advisable,
negotiate any portion OF said Loan not exceeding
one hundred millions OF dollars in any foreign enuI'-
try. and payable at any designated place, either in
the United States or In Europe, and may issue regis
tered or coupon bones for the amount thus neg1t!3
ted areeably TO the provisions of this act. bearing
interest payable seniaunuHiy either in the United
States At any designated place in Europe: and he
Il further authorized appoint such Rgentor aeents
lie may deem necessary tr negotiating zuch loan
under lis Instructions aud for paving the interest
on the came. and 10 fix the compensation Of such
agent agents aud shall prescribe 10 them all the
rules, regulations and modes under which such loan
shall be negotiated, and shall have power TO fix the
rate Of exchange at which the principal shah be
cciVcd from the contractors or the lean. and the
change for the payment Of the principal and inter-
ct ia Europe shall he At the same rate.
sec. q. And be il fdrther enacted. That whenever
any Treasury notes OF denomination less than Inv
dollars, authorized 20 lie Issued by this act shall have
been redeemed. the Secretary Of the Treasury may
reissue tho same, or may cancel them and issue new
notes TO an equal amount: Provided, That the AZ
gragate amount OF bonds and Treasury notes Issued
under the foregoing provisions OF this act shall
exceed the I'm amount authorized by the hrst Sec
tlon o. ms ~ end the power 10 issue or reissue
eueh notes shall cease and determine AFTER the thirty
iTst Of December. eighteen hundred and siNty-two.
sec. Z. And be Il further enacted That the secre
tary % the Treasury l. hereby authorized whenever
he shall deem It cNpedient Issue in exchange for
COIN In payment fos public dues, Treasury notes
OF any u the denominations hereinbeioTe specified,
bearing interest not exceeding ELK per ceuium per
aununI. aHi payable at any time not exceeding
Twelve months FROM date. provided tlat the aIngrnt
Of notes % issued or paid shall NJ time e1ceei
twenty millions u dollars.
sec. 5. And be 1t further enacted That the Sccre-
tary of the Treasury shail report Congress inne
the amount he hos borrowed under the provisions OF
this act Of whom and what terms, with ali
stract Of all the proposals. designating those that
have been accepted and those that have been reie
81, and the amour; Of bonds Treasury that
/ have been iusaed f1r the SAINT.