Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-09-21

See L. And lie it further enacted, That within six
months after the expiration Of the present m~nrrec
ton the corps Of paymastcrS and assistant IayInas
tiers shall he reduced To the number oil seNehty-hNe
in the whole.
tPUEuc-Nu. 81
AN ACT To authorize National L"im and for
other purposes.
he it enacted by the Senate and House "f Repre-
-enttiVcs tile United States of America in Con
rc-s assembled, That the Secretary "i the Treasury
lie and lac is hereby authorized to borrow, on the
credit of the UnitCI States. within twelve months
from the passage of this act, MT eNcce'ling
two hundred and fifty millions uf d!lnrs or so much
thereof hemay deem necessary for the public ser
for which lac is authorized tn issue coupon
bonds. OrIeisterc bonds Treasury notes III such
proportions each lac may deem advisable; the
uIds to bear interest not exceeding seven per cent
per Hunuln. payable scIni-annuay irrt-ecnable iOr
twenty years. and after that period rGeeniahic ut
the pleasure of the United States; and the Treasury
Otrs to Ire of any denomination fixed by the SCcTe-
tnry Of the Treasury. not less than fifty dollars. and
lO lie payable three years after date with interest
at the tate ufseven and thrcetemtlrs per ccmtmM per
,tiiuuir. pulablc ,emiaunuully. And the Secretary
ii the Treasury may also issue in exchange for cuin
and a. part at the above loan may pay Tor salaries
CT other dies from tlic United States, Treasury notes
Of les denomination than tity dollars. not bearing
interest, but payable on leIiaI!d by the Assistant
rrtsurer> of the United States at Philadelphia New
York Boston, or Treasury notes bearing interest
ut the rate. uf three Iui sjAty-iiYr humlTclis per
crntuln. payable III year from date nn'l eNclnas-
al. any time for Treasury notes lar fifty do!!aiS
.Iri upwards. i>suuhlc under the authority OF i>
and hearing interest a. specified above: fr1vI-
deed, That exchange of such notes i'll any less
amount than hundred dollars shall be made at
amy 'mc time: And provided iirthcr, Lat II"
Treasury nHtca shall lee issued of less denomination
than ten dollars, AMI that the Whole nniuUnt OF
Treasury notes. not bearing interest issued Eud"r tie
authority of this act shall not exceed fifty millions
, And be it further enacted. That the Trc:l-
smry notes :,ud bonds issued under tie provisions of
This shall be- signed lay The First second Cump-
irur ar the Register If the Treasury. and counter
I ~
mry a. tile Secretary .. tie Treasury may designate;
:i all such obligations. ui the denomination vi nifty
dollars and upwards. shall he issued under the seal
at the Treasury department. The registered l"ndS
sill be transferable the books Of tic Treasury
on delivery Of the certificate. and the c"mron bonds
and Treasury notes shall hc transferable uu delivery.
Tile Interest coupons riiy he signed by such person
nr rcT,uus. Ut exc mi',l in such uuucr. may he
designated 10y the Secretary of the Treasury who
| shall liz the COMPENSATION for the same.
Sec -; Aud Lee it further cnactei. That the Score
iaTy uf tie Treasury sl cause books 10 Ice opened
ar subscription to the Treasury notes for y dol
lars and upwards at such places az m may designate
ia the United Slatrs and under such rules ala" rrgII-
latiun~a he may prescribe. Ia L." =npcrintcmhe by
the assistant treasures OF the United states at their
respective beauties and at other places by such 'e-
puSiIurCs pustHnaSIeIS, and other persons a- r may
designate notice thereof being ycn III at least two
daily papers of this city. and i'll more public
newspapers published i'll the several places where
| subscription backs may h""rcneh: and subscriptions
for -cli notes may lac received from all persons wu
may C>irc t" subscribe any law t" the contrary not
with-tandin.: aud ii - larger amount shall he sub
Tia" Secretary of The Treasury Is authorized L" re-
ccvr the suInc should lac deem it advantageous to
the Inhlic interest: and f Ii"t. lac shall accept tile
HnIuUnt required Icy giving the preference To the
smaller smliscriptions: and the Secretary OF the
Treasury shall fix the cnnpcn inms al the lul'lir
officers ir Others designated for receiving said sui
sCTiptons: Provided, That. for performing this
any other duty in connection with this act. un COM
rII~;tinn for services rendered shall be allowed ar
paid any public officer Whose salary is established
| y law aud the secretary ne Treasury may aIsn
make such other rules equations lac may
deem rNpc,liGnt touching tlv in>taimrnt L. be paid
"n any subscription nj tile time u subscribing. anu
further Payments Icy instruments or otherwise. aH
penalties fhr nnit-puymcnt of any in-talmc'. and
ais, concerning the receipt, DEPOSIT. and safe. KEEP
u ii mvurv received lIum such subscriptions until
the lie placed in til" possession Of official
repositories uT the Treasury, any law or laws to the
| contrary Notwithstanding. And tlsc Secretary az
the Treasury is also authorized, il lac SHALL deem it
cNIcliemt, before opening books al subscription
| nltnvn provided, to- exchange for coin or iny for
| public dues or for Treasury notes 81 the issue of
twcnty-third Of December, eighteen hundred :ind
iI>evci and falling 'uv on the thrticilI of june
g Sht"rh hundred and siNty-nnc, or for Treasury
notes Issued aud taken in exchange for such notes
any nin"u"t Of said Treasury notes for fifty dollars
"r upwards not exceeding one hundred millions Of
dollars.
See. 1. And lie it further enacted That. bciprc
awaiting any PARTON of tho loan in hun'lS author
rcl Icy This the Secretary Of the Treasury. if he
dcrN 1t advisable To issue PROPOSALS tor the same III
he Quilted States, shall give not less t!an fifteen
days public notice in two Ur more Of the public
nvAsitlCrs in the city nf Washington. AMI in such
"tlIrr places Uf the Uniic States lac may deem
advisable Designating the amount of suclI loan the
place and the up which sci,Irl proposals will
lee received fer til" t" periods lr the aymcnt
and the amount of each uStalmcnt in which it is
tn lie pail and the penalty for the nnI-paymCnt Of
any such Instruments and when and where such pro-
ro~lis shalt bS opened i'll the presence of such per
sons as he NAY Clnnsc In attcnI and TIA" Secretary
f the Treasury is authorized accept the most III
vur.Ibln proposals offered 10y responsible bidders:
Provided That offer shall be accepted at less than
par.
Sec. >. And be ii further enacted That tho Score
tary at the Treasury nay. if he deem it advisable
negotiate any portion ni said loan. not exceeding
hundred millions Of dollars, in any rvgn conn
try AMI payable at any designated place. either in
the United States or in Europe. AMI may issue regis
trrc'l ~ coupon bonds Inr the amount thus ncOta
irl agrcrlhIy Ia the provisions of this bearing
| interest payable SCInannuaily, either in the United
States at any designated place in Europe; and he
is further authorized to appoint such agent agents
s lac may deem necessary for negotiating snch loan
under his instructions, and for paying the interest
| on the same and to fix the compensation Of suCf
agent agents, and shall prescribe I" them all the
Tnles, regulations and modes under which such loan
haii lie negotiated, and shall have power IT, fin the
rate exchange at which the principal shall hc re-
ceived from the contractors for the 0i and the
Change for the payment of the principal and inter-
est in Europe shall I've at tho same rate.
See 6. And lee il further enacted. That whenever
any Treasury notes. Of denomination less than ;1ty
dollars authorized to bC issued by this shall have
been redeemed, the Secretary Of tho Treasury nIy
reissue the same. ar may cancel them and issue new
notes {" an equal amount: Provided Tint the az
grccatc amount OF bonds and Treasury notes issued
under the foregoing provisions Of this act shall never
exceed the fnli amount authorized Iy the first sec
iion of this act; and the power to issue or reissue
such not shall cease and determine after the thirty
1rst oil December, eighteen hundred and sNty-twO.
Sec. 4 And DC it further enacted. That the Secre-
t"ty Of the Treasury is hereby authorized whenever
he shall deem it eXPedient, issue in exchange for
com or IN payment for public dues Treasury notes
ot any OF the denominations hereinbefore specified,
bearing interest not exceeding six per centum per
annlim, and payable at any time not exceeding
twelve months from date, provided that the amount
of notes so issued paid shall at no time exceed
twenty millions of dolIars
g., And tod hat H,oc
tary OF the Treasury shall report to Congress mmo
ddtcly after the commencement of the next session.
the amount he has borrowed under the provisions of
this act, Of whom, and what terms. with an alb.
stract OF all tho proposals., designating those that
have been accepted and those that have been reject
ed and the amount OF bonds or Treasury notes that
have bean isEuRd f1r khR same