Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-11-18


pOlntments MI vacancies in the corps Of PayInas
ters shall Be made by regular promotion from the
list Of assistant paymasters-
See. O. And be II further enacted, That within six
months amer the expiration Of the present insurre
tion the corps Of PaymAEters and aAsistant paymas
teFa shan be rUdneed to the number OF ssyenty-hxe
. APTrOTSds July IL, 1851
tPuELIe-No- 81
AN ACT to authorize National Loan aud for
other purposes.
Be Il enacted by the Senate and House Of Repre-
sentatiVes Of the United States Of America In Con-
be and he Il hereby authorized to borrow, on the
credit Of the United States, within twelve months
from the PaS,ags O. this act sum mot exeeedng
thereof ~ he may deem Necessary for the public
vice, for which he is authorized to issue coupon
bonds or registered bonds Treasury notes In such
proportions Of each a. he may deem advisable; the
bonds to bear interest exceeding seven per cent
per annum, payable seuianuuRlly, irredeemable for
twenty years, and after that period redeemAble at
the pleasure Of the United states and the Treasury
notes 70 be Of any denomination fixed by the Secre
tary OF the Treasury, not less than my dollars and
TO Be payable three yeas amer date, with interest
at the rate OfseVen and threeenths per eentum per
annun,, payable setnEannually. And the Secretary
Of the Treasury may also issue In exchange for co
and part OF the above loan, may pay ior salaries
CT other dues from the United States Treasury notes
Of les denomination than my dollars not bearing
interest, but payable on demand by the Assistant
Treasurers Of the United States At Philadelphia, New
York or Boston, Treasury notes bearing interest
eentum, payable In year from date, and exchaug
able at any time for Treasury notes Tor fifty dollars
and upwards, issuable under the authority Of this
act, and bearing interest specified above: ProVi-
ded, That NO exchange Of such notes in any less
amount than one hundred dollars shall be made mt
any one time: And provided further, That
than ten dollars, and that the whole amount OT
Treasury notes. not bearing interest issued under the
authority Of this act, shall not exceed my millions
Sec. ?. And be IT further enacted, That the Trea-
sury notes and bonds issued under the provisions Of
troeE the Register Of the Treasury, and counter
signed by such other officer officers Of the Treas
ury a. the Secretary Of the Treasury may deEgn1tei
and all such obligations Of the denomination Of dny
dollars and upwards, shall be issued under the seal
OF the Treasury Department. The registered bonds
shal1 lie transferable the books Of the Treasury
on delivery Of the Certificate aud the coupon bonds
and Treasury shall be transferable ON delivery
The interest coupons may DO signed by such person
or persons, or exeSnttd In such manner, as may be
designated by the Secretary Of the Treasury, who
shall fiS the compensation for the same.
Sec. 3. And be It further enacted, Tint the Secre
tary OF the Treasury shall cause books TO be opened
for subscription to the Treasury notes for my doll
lars and upwards at such places he may designate
in.the United States and under such rules aud reg
lAt0ns a. he may prescribe, to be Euperntended by
the assistant Of the United States At their
respective localities, and at other places by such de-
Posltorits pOstmaster and other persons as he may
desguRte notice thereof being given In At least two
daily papers Of this CITY, and in one more public
newspapers published in the several places where
subscription books may beOpened; and subscriptions
for such may be received from all pereona who
may desire to subscribe any law to the contrary not
Withstandlng; and III larger amount shall be snb-
NeTbed In the aggregate than Is required NJ time,
the Secretary Of the Treasury Is authorized TO
eeiVs the same, should he deem 1t advantageous To
the public interest; and II not, he shall accept tic
amount required by giving the preference to tho
smaller subscriptions; and the Secretary Of tile
Treasury shall NIX the eoinpensAtiOns Of the public
officers others designated for receiving said sul'
sCriptions: Provided, That, for Performing this
any other duty In connexion with this act,
pensatiOn for services rendered shall be allowed or
paid to any public officer whose salary Il established
by law; ard the Secretary G he Treasury may alsO
deem e1pedient touching tho instalment to be paid
any subscription at the time Of subscribing and
further payments by ihstalmtnts or otherwise, and
penalties for non-Payment OF any instRlment, and
also concerning the receipt, deposit and safe keep
ing Of money received from such subscriptions, until
the same can be placed In the Possession Of Official
repositories Of the Treasury, any law laws to the
contrary notwithstanding. And the Secretary Of
the Treasury Is also authorized II he shall deem it
sxpedent, before opening books Of subscription
above provided, to exchange for cOin or pay for
public dues or for Treasury notes Of the issue OF
tWenty-thtTu OF Deeember, eighteen hundred and
fftyseTen, and falling due the thiTtIeth OF june,
eighteen hundred and Bixty-one, or for Treasury
notes Issued and taken In exchange for such notes,
any amount Of said Treasury notes for my dollars
or upwards not exceeding ono hundred millions OF
dollars.
Sec. 1. And be It further enacted, That before
awarding any portion Of the loan in bonds author
lied by this act the Secretary Of the Treasury II o
deem Il advisable to lEns proposals. for the same In
days public notice in two or more Of the public
newspapers In the city OF Warrington, and In such
other places Of the United States rs he may deem
advisable, designating the amount Of such loan. the
place and the time up to which sealed proposals viii
be received for the same the periods for the payment
and the amount Of each instAlmeut In which It is
to be paid, and the penalty for the nonpAyment Of
any such instruments and when end where such pro-
posas Ghal Be opened In the presence Of such per-
a. he may choose to attend; and the Secretary
of the Treasury Is authorised to accept the most "a
yorab!e proposals offered by responsible bidders:
Provided That offer shall be accepted at less than
par.
Sec. S. And be It further enacted That the seero-
tary Of the Treasury may, II he deon Il adSisabIa,
one hundred millions Of dollars in any rsIgn ooui,.
Try and payable ut any designated place, either Ia
the U,ted States In Europe and may fsEue regis-
tered coupon bonds for the amount thus negotia.
ted agreeably TO the provisions Of this act beRrin
interest payable setannnally, either In the Uniteit
States or 1t any designated place in Europe; and no
e further authorized to appoint Such agent agents
Rs he may deem necessary nf Negotiating such lua.
under his instrnetons aud for paying the interest
on the sans, and TO tx the compensation Of such
agent agents, and shall prescribe to them all tlo
rules regulations and modes under which such loan
rate Of exchange at which the principal ahall be re.
eoivGd nom the contractors for the loan and the
ehansS for the p3yent q the principal and inter-
Sc. 8. And be Il further enacted, That whenever
any Treasury notes Of denomination less than Afty
been redeemed, the Secretary o. the Treasury may
reissue the same, may cancel them and issue new
notes to an equal amount: Provided, That the az
gregAte amount OF bonds and Treasury fOtes fEsue,
under the tgreOng provisions Of this act shall
exceed the fnl amount authorized by the drst Sec
ton Of this aeti and tbs power to issue or Feissno
such moi shAn eaAS8 and determine amer the thirty
hTst Of DOeembef, eighteen hundred Rnd ufxtyStWu-
Sc !. And Be it further onacted That the secre-
tAEy Of the Treasury e hereby authorized EheheVee
he shah deem II Gxpedisnt 70 issue IN exchange fr
coin, OF in payment for public dues Treasury notes
Of any q the denominations hcreinbef1rO specified,
bearing interest not oxceedlng Six Per eenfum per
annun, and payable nt any time NOT eHeee.iiaf
twelve months nom dAts provided that the aniUuns
q notes 20 l15ued OF paid shah ~ time G1eeel
kWOhtS hailllOls Of dll1aTH,
Sec. 3. And b it further enacted That TIE gAere.
tAfy Of the Treasury shah FspoFt 70 CcngFeE ifano
diAt0iy Gftef the conmoneemOnt Of the next seasou
The al0unt be has borrowed under The plovisoas d
this Acl o. whom and on what tuEfnA With A AZ.
ItTast q N the pFupuais, Gullanafing thee that
have beun Noccpted and thea that hEYs been re0rt.
ID, aud the amount Of bond Treasury nutes that
have besn ir,uea i0r she salae,