Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-12-13


pointment Of any ut person to perform the duties
until another paymaster or Assistant paymAsieF
shs,i report lot duty any pes,on psrtoET9nS iLe
dance with this section (but not otherwise shall lu
entitled to receive the pay Of such grade whilst
Sec. 6. Aud DO 1t further enacted, That each as
Btat4nt payuaster khAi upon his appointment eater
into bonds In the amount Of ten thousand dollar,
with At least two good and SUFFICIENT securities for
the faithful performance Of his duties and that
sistant paymaSteIs shall have rank and precedence
with assistant geous not pasGed, and that all APP
poIntment9 TO MI vacancies IN tho corps Of payrnas
terg shall be made by regular promotion from tic
Sec. q. And be Il further enacted, That within six
months after the expiration Of the present tnsurTee
ti0u tho corps Of PaynagteTa and Rssistsnt peyras
teEs Iha DO reduced 10 tile number Of ssNenty.ivs
in the whole.
Approved, July II, 1851,
=s tPUnlIc-Ho.s 81
AN ACT to authorize National Loan and Tor
- other purposes. 80 II ~ q
Be It enacted by the Senate and HouEe Of Repre-
tentaHvSS Of the United States Of America In Com.
Ces assembled, That the Secretary Of the Treasury
be and he Il hereby authorized 70 borrow, on the
credit Of the United States, Within twelve mnntls
from the passage OF this act sum not exceeding
two hundred and nifty millions Of dollars much
thereof rs he may deem necessary for the public SER
vice, for which he IL authorized TO issue coupon
bonds, orreglhtered bonds Treasury notes In such
prppurtionS of each RS he may deem advisable; the
bonds 10 bear interest not exceeding seven per eett
~ enty years. and after that period rrdeemAbIe at
the pleasure Of the United StAes; and the Treasury
IOtes to be Of any denomination hxed by the Secrt
tary OF tho Treasury not less than hity dollars and
to be payable three years amer date with interest
At the rate Ofseyen aud teHthS per eentum per
AnDum, payable RsmiannuAlly. Andthe Secretary
Of the Treasury may also issue In exchange for cO
and part Of the above loan, may pay for salaries
CT other dues from the United States TreAtuFy NOTES
OF less denomination than my dollars not bearing
Interest, but payable on demand by the Assistant
TTehsuTerA Of the United States At Philadelphia New
York or boston or Treasury notes bearing interest
ut tile rate Of three and sxty.hy0 hundredths per
eentuu, payable in one year from date, and exchnng
able at any time for Treasury notes for nifty dollars
and upwRids isEuhble under the authority Of this
act aud bearing interest specified above: Provi-
died, That no exchange Of such notes In any less
any one time: Aud provided farther That no
Treasury notes shall lie Issued OF less denomination
than ten dollars, and that the whole amount UT
Treasury notes, not bearing interest issued under tho
authority Of This act shall not exceed my millions
see ,. And be It further enacted That the Trei.
snFy notes aud bonds issned under the provisions Of
troller, or the Of the Treasury and counter
signed by such other officer officers Of tho TrtaI
ury as the Secretary OF tue Treasury may desguatsj
and all selI obligations Of the denomination Of nifty
dollars and upwards, shall be issued under tho seal
Of the TEeaElty Department. Tbs registered bombs
E9ll be transferable on the books OF tho Treasury
on delivery of the Certificate and tho coupon bonds
and Treasury notes shall be transferable on delivery
The Interest coupons may be signed by such person
or persons, or executed In such manner, as mny bO
delegated by the Secretary OF the Treasury, who
shall ax the compensation for the Eams-
try OF tho Treasury slai cause books to be oPene
tor subscription to the Treasury notes for my doll
lars and upwards at such places as hn may designate
IN the United States and under such rules and ree-
latlOus n he may prescribe, to DO snperintended rs
the assistant Of tho United States at their
respective localities and at other places by such DE-
lostorits, postmnters, and other persons US he may
desgnats notice thereof being given in At least two
daily papers OF this city, and in or public
Newspapers published In the several places wllerO
subscription books may beopened; and subscriptions
for such notes may be received from AL PSrsons WIN
may desire to subscribe, any law to the rsnTnTy not
withstaudingi and II larger amount shall DO sub.
seribed In the aggregate than Is one time,
the Secretary Of the Treasury IS authorized to
ceIvB the same, should he deem II advantageous tU
topuBlie INTEREST," and Il not he shall accept the
amount required by giving the preference TO tile
smaller subscriptions; and the Secretary Of tile
Treasury shall Tx the compensation Of the public
officers others designated for receiving said sub
scrfptiOnB; Provided, That, for Performing this or
any other duty in connc1ion with this act no cons
IpensaIlpn for services rendered shall be allowed
paid to any public officer Whose salary Is established
by law; aud tile Secretary no Treasury may also
make such other rules ar, equations ~ he may
any subscription at the time Of subscribing, and
further payments by instalmt nts or otherwise, and
also COncaFniig tho receipt, epSsit and safe keGil
ing of money received from such subscriptions until
the be placed In the possession Of official
contrary Notwithstanding, And the Secretary Of
the Treasury Is also authorised, II he shall deemt
sxpedlsnt, before opening books OF subscription
above provided, to exchange for coin or pay for
public dues or for Treasury notes Of the issuo Of
iysevcn, and falling due on the thirtieh OF Jnne,
ghteeh hundred and sxty-one, or for Treasury
any amount Of said Treasury notes for hity dolais
dollars.
awarding any portion Of the loan in bonds author
Eed by this act the Secretary OF the Treasury II LIS
deem It advisable to Ssus proposals. for the iameili
tho uuited States, shall give not less than itsen
days public notice In two more OF the public
newspapers In the city Of Washington aud In sucli
other places OF the United States he may deem
RdyisabIe Designating the amount Of Such loan tile
place aud the time up TO which sealed proposals will
he received for the same the periods for tho payment
and tho amount Of each instalmeut in which It Il
to be paid and the penalty for the non.payment Of
any such instamentS, and when aud where such prO-
posaA shall be opened In the presence OF such per.
sons he may choose to attend; and tho secTetaIy
OF the Treasury is 70 accept the mo-. IA
vorable proposals offered by responsible bidders:
Provided That offer sal be accepted At less than
par.
tary Of the Treasury may, II he deem It advisable
negotiate any portion. Of said loan, not exceeding
hundred millions Of dollars in any foreign
try, and payable at any designated place, either III
the United States or In Europe and may HEus regis
tered coupon bonds for the amount thus negotia-
ted agTegably to the provisions Of this act bearing
interest payable BemEannually either In the Unlte
States OF at any designated place In Europe; and o
Il further authorized to appoint such aEentor agents
as he mny deem Necessary for negotiating such lcail
under his instructions and for paying the interest
on the same, and 70 ax the Compensation Of such
agent or agents and shall prescribe to them all tile
rules, regulations, and modes under which such loan
sla be negotiated and ShRll have power 10 nx tho
rate Of exchange 1t which the principal EhRl1 DO M
cniyed from the Contractor for the loan and the ex
change for the payment Of the principal and inter-
est in Europe shall DO At the same rate ~
Sec. Q. And be Il further enacted. That whenever
any Treasury notes of denomination LEES than my
dollars authorized to be Issued by this act EhR hare
been redeemed,- tho Secretary Of tia TfOaSuty may
reissue the same, or may eaneAl them and issue new
notes to an equal amount Provided, That the az.
EregRte amount Of bonds and TreASnFy notes tssnG
under the eSolng provftonB OF this act shall never
GHeoed the fall amount authorized by the hrst sec
Ton Of this eett and tho power to Issue or rstssne
Sec. q And be It further enacted, That the BScre-
tGry Of tbs Treasury q hereby authorised whenever
he ahAu deem tt expalnt to ie1uo In exchange tbt
eoln, o. In payment for public dues TF16spry notes
Of any OF ths Denominations herOnbof1ro specified
bearing interest not a1ecedlns str par eAhtum psf
tR6lIe month"; from date pf6Fioa that fhs ninn,inf