Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-09-10


tera shall be made by regular promotion from the
list Of assistant Paynlasters
Sec c. And be Il further enacted, That within six
months after the expiration OF the present insurree-
ton the corps Of paymasteFs and assistant paymas
ters shall bo reduced to the number Of ssTenty-hve
- approved i' July IL, 1851.
IPUBuC-NO. 81
AN ACT to authorize National Loan and for
other purposes.
BE Il enacted by the Senate and House Of Repre-
sentatIves Of tile United States Of America in Con
gTess assembled, That the Secretary Of the Treasury
credit Of the United States, within twelve months
from the passage of this act, sum not exceeding
two hundred aud fifty millions Of dollars, much
thereof ~ he may deem necessary for the public ser
vice, for which he Is authorized To issue coupon
bonds registered bonds Treasury notes, In such
proportions of each As he may deem advisable; the
bonds bear interest not exceeding per cent.
per Rnnum, payable semiannuAlly, irredeenable for
twenty years, and after that period redeemable at
the pleasure OF the United States; and the Treasury
notes to be Of any denomination ixed by the Secre
taEy Of tho Treasury, less than nifty dollars, aud
10 be paynblo three wears nier date with interest
at the rate OfseTen and thTestenths per cenum per
annuni, payable semtannually. And the Secretary
Of the Treasury may also issue In exchange for coin
and part Of the above Loan may pay for SALARIES
or other dues from the United States Treasury notes
OF less denomination thAn llly ITiAIs hoI OgaElh
interest, but payable on demand BY the Assistant
TTeasurers Of the United States ut Philadelphia, New
York or Boston, Treasury notes bearing interest
/ at the nate Of three and sXty-hye hundTedths per
ccntum, payable in year from date, aud eXchang
able at any time for Treasury notes Tor fifty dollars
and upwards, issuable under the authority Of this
act, and bearing interest specified above: pruyl-
| ded, That no exchange OF such notes in any less
amount than one hundred dollars shall be male Mt
any one time: And provided further, That no
Treasury notes shall be Issued Of a less denomination
than ten dollars, and that the whole amount Of
Treasury notes, nOtbearng interest, Issued under the
authority Of this act shall not exceed fry millions
| Of dollars.
Sec. ?. And be 1t further enacted, That the Trea-
sury notes and bonds issued under the provisions Of
this shall be signed by the First Second Comp
trolleT the Register Of the Treasury, and counter
signed by such other officer or officers Of the Treas
ury the Secretary OF the Treasury may designate;
and all such obligations. OF the denomination Of iity
dollars and upwards shall be Issued under the seal
/ Of the Treasury Department. The registered bonds
shall DO transferable the books of the Treasury
delivery of the ccTtineate and the coupon bOnds
and Treasury notes shall be transferable on delivery
Tho Interest coupons may DO signed by such person
or persons or executed in such manner, may be
designated by the Secretary Of the Treasury, who
shali fix the compensation for the same.
/ Sec. j. And be it further enacted, That the Score
tAry Of the Treasury shall books to be opened
FOR subscription to the Treasury notes for nifty dol
lars and upwards, at such places Us he may designate
in the United States, and under such rules and regu
lailons he may prescribe, to be superintended by
the assistant treasurers OF the United States ut their
respective localities and at other places by such de-
postOTe, postmasteTs, and other persons as he may
designate, notice thereof being given in Mt least two
daily papers Of this city, aud In more public
newspapers published in the several places where
subscription bOOksmay beopenedi and subscriptions
for such notes may be received from all persons who
may desire to subscribe any law to the contrary not
outstanding; and II a larger amount shall be sub
scrbed in the aggregate THANH required at time,
the Secretary Of the Treasury Is authorized TO
eeiTe the same, should he deem It advantageous to
the public interest; and if not, he shall accept tho
amount required by giving the preference TO the
smaller subscriptions; and the Secretary Of the
Treasury shall Fix the corporations Of the public
scriptions; Provided, That, for performing this
any other duty In connection with this act no COM
ptnsatOn for services rendered shall be allowed or
paid to any public officer whose salary Is established
by law; aud the Secretary OF the Treasury may also
make such other rules and regulations he may
deem e1Pedient touching the instalment TO be paid
on any subscription at the time OF subscribing, and
further payments by instruments or otherwise, and
Penhltics for non-payment OF any instRlment, and
also concerning the receipt, deposit, and safe keep
ing Of money received from such subscriptions until
the be placed in the possession Of Official
deposltories OF ine tresuEy' any E OF aMs 70 1s
the Treasury Is also authorized, fIo shall deem IL
cxpedieut, before opening books OF subscription as
above provided, to exchange for coin or pay for
public dues or for Treasury notes Of the issue Of
tWenty-third Of December, eighteen hundred and
dnysoyen, and falling due the thirtlcth Of June,
eighteen hundred and sixty-Onc, or for Treasury
notes issued and taken In exchange for such notes,
amy AmOunt Of said Treasury notes for my dOllars
J Dc SA'u' NOT '''HS ono ""H'''' H'''O"' %
Sec. I. And be 1t further enacted, That, before
awarding any portion Of tho loan In bonds author
ed by this act the Secretary Of the Treasury II he
deem II advisable TO Issue proposals for the same in
the uuited States, shall give not less than fifteen
days public notice In two or more OF the public
newspapers In the city OF Washington, and in such
other places OF the United States rs he may deem
advisable, designating the amount of such loan, the
place aud the time up to which sealed proposals will
10 received for the the periods for the payment
aud tho amount OF each instalment In which Il L.
to be paid, and tho penalty for the non-payment Of
any such instruments and when and where Sueh pro-
posals shall be opened in tho presence OF such per-
sons he may choose TO attend; and tho Secretary
Of the TrcasuEy d authorized to accept the most ia
NOTablo proposals offered by responsible bidders (:
Provided, That otor aha be accepted at less than
Sec 8. And be 1t further enacted, That the secre-
tary Of the Treasury may, II he deem Il adyisabe,
ono hundred millions OF dollars, in any foreign coun-
try, aud payable at any designated place. either In
the UhIted States In Europe, and may issue regis
tered or coupon bonds for the amount thus ncgutia-
ted agreeaby to the provisions OF this act, bearing
interest payable semianuualiy either in the United
States at any designated place in Europe; and he
Is further authorized to appoint such agentOr agents
As lie may deem necessary fur negotiating such loan
under HIS Instructions and for paying the interest
on the saAls and 70 NJ inc compensation OF ,1sh
agent or agents and shal prescribe to them all the
ana s 'SsS %S o MS sSS On can ,
rate Of exchange at which the principal shall be
ciVed from the contractors for the loan, and the
change Tot the payment Of the principal and inter
est IN Europe shall he at the sslno rate.
Sec. 9. And be It further enacted. That wherever
any Treasury notes, Of denomination les than my
dollars authorized to be Issued by this act shall have
been redeemed, tho Secretary OF the Treasury may
reissue the same or may cancel them and issue new
gresAie amount Of bonds and Treasury notes issued
under the foregoing provisions Of this act shall mover
eACceu lne tul amount authorized by the nrHt SEQ
ton OF this acts and the power to Issue reissue
such not sshan cease and determine after the thirty
INST Of Deeember, eighteen hundred and sixty-twO.
Sec Z. And Be Il further enacted, That the Seere
tATy OF the Treasury e hereby authorized, WhengyeI
he shall deem Il expedlent % issue In exchange fci
COIN or IN payment for public dneS, Treasury NOTES
Of any Of the denominations hercfnbetnre specified
bearing interest mot exceeding SIX per eentum pei
annuEn, and payable a. any time not SXeeeiinl
twelve mouths from date, provided that the amount
Of notes 20 issued or paid shall II no time exeeet
twenty millions Of dollars
Sec. s, And be Il further enacted, That the Score
tAry Of the Treasury shall report t. COngro, immo
dAtsly amer the commencement Of the next session
the amount he has borrowed under tho provisions q
this at Of whom, and on what terms, with an Rb
straet Of all the proposals, Designating these thai
have been ACCEPTED and those that have been reject
ed, and the amount Of bonas TrtasuTy notes thA
h1 ss osn as n e II ne same TIA, n. SID