Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-12-16

pYihlhltila 10 hl Naelhfltt 10 Inc coTa Of ply mas
isrs shAll BE- inside by regular promotion from the
list u assistant payh,astou.
Sec. Il And b. II further enacted. That Withiuslx
months after the s1pifai Of the present inaRfrec.
lion the corps " pAlHhStsrs and assistant paymHs
,sn shHl br reduced to the number Of ssyeuty.h,O
Ia the whole
Approved, July II, 1851.
tPBLio-No b.
An ACT to authorize a National Loan and sar
other purpose.
Dc Il enacted BY the Senate aud House q Repre-
tentatlt0t Il tie United stAles " America Ia Con,
gresA AsseGblu, That the Secretary VI the TrraHpS
lie and he Is hereby Authorized to borrow, on the
credit Of the United States, within Twelve months
from the passage 81 Chi, set, sum not sxceeihg
tv0 hundred and nifty millions Of dollars or anuch
thereof ~ he may deem necessary iVr the public ser
vice, iOr which he Is authorized u issue roupoh
bonds orregisteTtd bonds Treasury notes 10 such
proportions Of each NJ be- may deem adVisabls; thr
toud 10 bear interest not exceeding seven per cent
lrT ahnum payable selnl'auuuAliy, lrrcremAblc tor
twenty years, aud NileT thnI period redrenAlie VI
the pleasure OF the United States; aud thn Treasury
notes h be NJ any denomination lXed b. the StCfr-
ury Of the Treasury, not less than nifty dollars ant
10 be payable three years aIcr date with Interest
NJ the rats II three tentha per CoDtum ptt
annun,, papable snuil annually. Aud the Secretary
u the Treasury may also l1snc 10 exchange for cuu
and part Of eAboye loan Vt may pay Tor lafits
other dues from the unitrh states, Treasury notes
u less denomination than lity dogrs, not 6tarini.
interest, hui payable % demand by tho Assistant
Tt,asuIur Of ihs United States At Philadelphia New
York OF Boston, OF Treasury notes bearing ntCFtr;
1T the nate II three aud stNty.hVe huudiedths peg
rcutuui, payable Ia ohr eur Iom date aud eXchshr.
Nbe al ant time iOt Treasury notes inr hity doisis
and upWalds issuiblr under the authority Of this
net, and bearing Interest rs specified above! Pruyi'
del, That no exchange u such notes In my lt.s
amount than obr hundred dulArs shalt be made Nc
my one time And provided further, That ~
Treasury nOtea shall lie iauel Of LEES denomination
than ten dollars, ARd that the whole amount a.
Treasury notes n0tbtarnE interest, ssued under the
RuttOr,ty VI this ac shall not rlceCd hity milliCm
81 tlo1TA
Sec. = And be I, further enacted, That lhs 1tcr.
sHry notes aud bonds Issued under tie provisions IL
till act shall ht signed by the First or Second Conn.
frOcr ~ the ktgigtefnf the Treasury, md counter
signed by such other Oililer officers Of the Treas
ury the Secretary NJ tile Treasury may dtsgnAIe
aud all such obligations Of the Denomination u ATTY
dollars and upwards, shall he isEued nnderthe se9il
Of the Treasury Department. Ihefeelsierrl botili
shall be transferable 0n thr hooks Of the Treasury
On delivery NJ tie certificate and the coupon bonds
and Treasury notes shall be transferable On delivery
The interest coupons may BE- signed by such persal
( Vt persons " exc uttd in such mRnnCr As may be
designated by thN Secretary " the Treasury Who
| shall aX tile compensation for the saine
| Sac g. And lie II further enacted, That the Stcrsr
ttry Of tile Treasury shall cause book DO UpDnc
ir subscription % the Treasury u0tes for hity dol.
lara aud upwards, d such puces ~ h" may designate
In the Unted states, anil under such rules and reRn
lRtluns as he may nrcIibe, % Be 4upetlntNi1gd III
the AsalalAnt tFeaAuEVspi Tie United States NJ eif
respective localieg and Ht other places by such de-
bostotias p0siuiasteTN and other pArs0ns w. b. may
desgnAlC notice thereof being given In atlgasttNq
iny bapdtu u this clty AID W one az more public
uewstApSta pablihhE' lht oyeRl puitts Nhtrp
snhscriptioL hpOkHmay beOpChed; and subscriptions
Tor such notes may he received from AL persons he
mny yslrc 10 subscribe, any law 10 thuc0nraTy not
wlihttanding; Rnt1fN larger amount shall be sub,
sctbgd IN the aggregate than required az one time
The Secretary 81 the Treasury authorized to 70.
CrlJe the saue, should be- deem Il aaVnntne Il,
the pUbliC interest; ard " not he shall Gcccpt tho
amount required by giving the preference 10 tu
smaller subscriptions; and the Secretary Of the
Treasury shall fE the cOmFCn nlons Of the public
officers others designated Tor receiving said sub
srriptl0ns; ProYidvd That, for PERFORMING This or
any other duty In cunneGiOn with this act M eOnl-
pcutNttun for services rendered shall be- allowed OF
paid 10 any public officer whose salary IL established
by law; ard the Secretary g he Treasury may air,
make such other rules ar equations RS he may
deem tNpctuht touching the instAlment to be pail
on any subscription at the time % subscribing nnl
further payments by insiRmtnts otherwise, an.l
peuAlti"a for norpAyment Of amy instalment, anil
nlto concerning the receipt, deposit Hnh safe keep
Ing u money received from such subscriptions mill
the same can be plaetd In the possession Of official
dcpotoriCs Of the frtAsnFy, any law or laws 10 tic
contrary notwithstanding. Aud the Secretary VI
the Treasury " also authorized II he shall deem Il
uGpedent, before opening books Of subscription a.
ubOya provided, 10 exchange for coin or pay for
public dues or for Treasury notes VI the Issue Of
twenty.thiri Of December, eighteen hundred gnd
httysevCu, aid billing due on the thrtieth o. June
eighteen hundred and sixty one, or for Treasury
notes Issued and taken IN exchange for such Rotes,
any nmpunt OF said Treniury notes for any dollnts
or upwards not exceeding one hundred millions Q!
dollars.
4 Sec, 1, And be It further enacted Tint, before
awarding any portion Of the loan In bonds author.
Erd by this act the Secretary Of tue Treasury II he
deem II advisable TO tsuC proposals for the same IN
the United States shall give not less than hftcctI
days public notice In two. or moro OF the public
newspapers In the city u Washington, aud In such
ether places II the United StAtea IS lie may deem
advisable, designating lhO amount II such loan tile
place and the time W 70 which sealed proposals will
10 received ibt the same. the periods ioT the payment
and the amount Of each instRiment In which Il ii
to be paid and tho penalty for tho hOh.paymCui ol
any such lhstalHcnts and when end whore such pro,
posRa shall bS opened IN the presence Of such per.
sons ~ he may choose to attend; and tho Secretary
OF tho Treasury i authorized 10 accept the most d.
VoAble proposals. offered By responsible bidders
Provided, That Odtr shah be accepted lesz than
pNr. ,
Sec. 8. And be II further enacted, That the SrerC-
taFy Of the TreASury may, Il be deem Il advisable
Negotiate any portion Of said loan, not exceeding
"A one hundred millions o. dollars Ia any foreign cont.
Try, and payable a. any ilssighAted place either i
the u.ted States or IN Europe, aud may lsue regis
tered or coupon bonds for the amount thus NCVpta
ted Agreeably to the provisions Of this act btalnS
Interest payable SeniAnnuAily5 either In the United
States or o. any designated place In Europe; md he
Is further authorized 10 appoint such agent agent,
~ be may deem necessary t1E negotiating such loan
Under hi6 Instructions and for paying the lntHruhl
Il on the ZANE, and 10 dx the compensation Of such
agent OF agents and shall prescribe 70 them AL tic
rifles regulAtions and modes under which such loan
shall be Negotiated, and shall have power az tir
rate % exchange at which the principal shall DO NJ
ceved from the contractors for the loan and the eI.
change for the payment Of the principal and inter.
ct In Europe AhAll b ~ the sane nate. ~
Sec. .. And be Il further enacted That whenever
Ely TTVasury NOTES, Of denomination les than my
dollars authorized 10 b Issued BY this oct shall have
besn redeemed the Secretary q The Treasury may
reissue the same, or may cancel them and issue nsW
notes 10 an equal amount; Provided, That the NJ.
II ErpgAte amount Of hondl and Treasury notes ihlue
under tbs oSepng prOIisiont u this act sal never
o1ceCd the mi amount authorized by the arHt sec
ZION q thls 3et and ths power 2 Issue or reissue
such poi tal eOlse and dStoFmins AftEFt the thirty,
I, hlst Of Ocsnburs Fhtesn hundred and biSEy-tSo
II &c !. And b II further enacted, That tbs Secre
taEY Of the Treasury q hereby authorized EheneVel
10 shall dean Il GxpNtieAt % Issue In exchange fuI
eSn, g y payment tct Public ducs Trslsosy note
q tnS q tho dsnominatipns hGrelnbeiofe speCiael
beeftnG interest cot exceeding liz rot esnturl PEI
ennums and payable q any time not OGeesdlnl
twelve nionthS rom data provided thSt The snuuni
q notes q tsaed of paid shali n no tins u1eetl
tEphty nlllionl og dhlhta ID
soo \. AEd % Il further tnReted ThGt tbs evzFe,
Sty " te Treasury ohAl Fepott 70 cosgrers, TIME
tAtHlJ amer the cCtnmsneSmCbl o. lh6 hstt seiiob
the AHo1nt y hla boCsugud uE4sr the ptgsltiOhs n
ms ~ y whom nad % what tngna With a. a..
sliael q vi Tie pioFosalt designating lhcs0 thai
h.te bsen Ntt5pts a6t IhSse thsi saFt TEN fsert,
%, Agd tAt Sppphl u eouts n IVAEar9 notes thll
hAya etaa islqOil ~ the saHa, t5
al Sc 9, Ana b Il tlFihtF Enacted, That the tsIlh
q ne United etAsee Il hereby boltmaly plttIai al
" paaymh1t q ihs tptegtyi and redemption n ttO
p'ssss'ps q 81 IoAs taIh,aIilld y lkiissi: